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Developing a lithium project in Austria (Wolfsberg) and a rare-earth deposit in Greenland (Tanbreez).
Developing a lithium project in Austria (Wolfsberg) and a rare-earth deposit in Greenland (Tanbreez).
Has no mine in production, so it earns nothing from sales; costs are met by raising capital from investors, and development needs outside financing and offtake agreements. The Greenland deposit and the Austrian lithium project depend on permits and on Western buyers for supply.
Moat: narrow (scale). Rare Western-hemisphere lithium and rare-earth deposits are strategically scarce outside China-dominated supply.
Headquarters: New York, New York, US · Founded: 2021 · Employees: 5
Size Critical Metals (CRML) is a United States Materials company (Precious Metals) with a market value of $864M, the 2339th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.88 on 6 Nov 2026.
Performance Over six months the shares fell 57.8%, against -17.8% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 19 in its peer set.
Valuation It trades at 2.51× book value against a peer median of 3.31× (9th cheapest of 21).
Price implies The share price implies a return on equity of about 32.2%; Critical Metals delivers -104.7%, so the price asks more than the business earns today.
Short interest Short interest is 21.0% of the free float (15 Oct 2026).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -$30,396 | -$30,396 | -$11,249 | -$26,001 | -$6,757 |
| EBITDA | -$72.4M | -$72.4M | -$48.5M | -$3.13M | -$432,660 |
| Net income | -$228M | -$228M | -$51.9M | -$139M | -$5.45M |
| Free cash flow | -$42.6M | -$42.6M | -$15.5M | -$16.2M | -$5.41M |
| Capital expenditure | $13.0M | $13.0M | $1.04M | $1.07M | $2.99M |
| Total debt | n/a | $6.49M | $5.88M | $4.30M | $34,603 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Critical Metals CRML | $864M | -58% | n/a | -105% | 2.51× | 32.2% |
| Albemarle ALB | $11.7B | -51% | +18% | 2% | 1.46× | 15.5% |
| MP Materials MP | $6.31B | -47% | +72% | -4% | 3.22× | 42.2% |
| Lynas Rare Earths LYC.AX | $8.58B | -38% | +76% | 8% | 3.55× | 28.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CRML | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.9% | -10.0% | 8th lowest of 21 |
| 6-month return | -57.8% | -17.8% | lowest of 19 |
| Return on equity | -104.7% | 7.8% | 2nd lowest of 20 |
| Price / book | 2.51× | 3.31× | 9th cheapest of 21 |
| ROE the price implies | 32.2% | 32.9% | 11th least demanding of 21 |
| ROE delivered | -104.7% | 7.8% | 2nd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Critical Metals CRML | United States | $864M | -58% | n/a | -105% | 2.51× | 32.2% | -104.7% |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | -74% | 25.80× | 403.4% | -73.7% |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 20% | 1.95× | 23.0% | 20.2% |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | 1% | 2.22× | 21.6% | 1.2% |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | 34% | 9.20× | 110.5% | 34.4% |
| Cadillac Mines CADY.TO | Canada | $815M | n/a | n/a | n/a | 9.88× | 157.7% | n/a |
| Osisko Gold OGG.V | Canada | $814M | -18% | +805% | 8% | 0.99× | 13.4% | 7.8% |
| Avino Silver & Gold Mines ASM.TO | Canada | $799M | -30% | +54% | 21% | 2.79× | 46.7% | 20.8% |
| Dakota Gold DC | United States | $798M | -1% | n/a | -23% | 4.34× | 38.7% | -23.4% |
| FireFly Metals FFM.AX | Australia | $798M | -31% | n/a | -8% | 2.39× | 29.4% | -8.3% |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | 14% | 1.31× | 17.6% | 13.5% |
| Kingsgate Consolidated KCN.AX | Australia | $779M | -39% | +77% | 63% | 2.01× | 21.9% | 63.3% |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 5% | 3.35× | 21.0% | 4.6% |
| Catalyst Metals CYL.AX | Australia | $746M | -28% | +75% | 29% | 1.52× | 15.2% | 29.2% |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 7% | 9.28× | 35.7% | 7.5% |
| Founders Metals FDR.V | Canada | $734M | +42% | n/a | -9% | 5.52× | 30.0% | -9.2% |
| Mako Mining MKO.V | Canada | $712M | +7% | +79% | 36% | 3.70× | 36.5% | 36.1% |
| Griffin Mining GFM.L | United Kingdom | $711M | -4% | +29% | 12% | 2.42× | 21.0% | 12.0% |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | -3% | 6.55× | 94.2% | -3.3% |
| Santacruz Silver Mining SCZ.TO | Canada | $707M | n/a | +38% | 22% | 3.28× | 53.5% | 22.1% |
| Tungsten West TUN.L | United Kingdom | $694M | -18% | n/a | -608% | 8.26× | 86.4% | -607.6% |