Elmet (ELMT)
Market Price (9/15/2026): $21.8 | Market Cap: $619.4 MilSector: Industrials | Industry: Aerospace & Defense
Elmet (ELMT)
Market Price (9/15/2026): $21.8Market Cap: $619.4 MilSector: IndustrialsIndustry: Aerospace & Defense
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Advanced Materials, Battery Technology & Metals, and Hydrogen Economy. Themes include Refractory Metals & High-Temperature Alloys, Show more. | Trading close to highsDist 52W High is -2.7%, Dist 3Y High is -2.7% Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -51% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.4% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.4% High stock price volatilityVol 12M is 107% Key risksELMT key risks include [1] its heavy dependence on U.S. Show more. |
| Megatrend and thematic driversMegatrends include Advanced Materials, Battery Technology & Metals, and Hydrogen Economy. Themes include Refractory Metals & High-Temperature Alloys, Show more. |
| Trading close to highsDist 52W High is -2.7%, Dist 3Y High is -2.7% |
| Weak multi-year price returns2Y Excs Rtn is -19%, 3Y Excs Rtn is -51% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -5.4% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.4%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -5.3% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.4% |
| High stock price volatilityVol 12M is 107% |
| Key risksELMT key risks include [1] its heavy dependence on U.S. Show more. |
Qualitative Assessment
AI Analysis | Feedback
Elmet (ELMT) stock has gained about 40% since 5/31/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Performance Driven by Surging Demand and Strategic Pricing.
The Elmet Group reported robust financial results for its fiscal second quarter ended July 3, 2026, significantly exceeding analyst expectations. The company announced adjusted earnings per share (EPS) of $0.18, crushing the consensus estimate of $0.06 by 200%. Revenue for the quarter totaled $66.4 million, representing a 35.2% year-over-year increase and surpassing estimates by over 14%. This strong performance was fueled by robust demand across aerospace, defense, industrial, medical, and semiconductor end markets, alongside favorable tungsten and molybdenum pricing. Furthermore, gross profit margin expanded by 430 basis points to 25.0%, and adjusted EBITDA increased by 57% to $8.9 million. The company also reported a record open order backlog of $131.5 million, up 55% from the prior year, providing strong visibility into future business activity.
2. Landmark $450 Million Department of War Investment and $2 Billion DLA Contract.
Elmet secured a significant $450 million committed investment from the U.S. Department of War on September 14, 2026, aimed at expanding its tungsten mining, processing, and manufacturing capacity. This funding includes over $165 million for domestic facilities and approximately $150 million for a majority-owned joint venture at the Springer Tungsten Complex in Nevada. In addition to this investment, Elmet Technologies, a subsidiary, was awarded an indefinite delivery/indefinite quantity (IDIQ) contract by the Defense Logistics Agency (DLA) with a ceiling value of up to $2 billion. This contract includes a guaranteed minimum commitment of $150 million through at least August 2031 to supply tungsten materials for the U.S. National Defense Stockpile, reinforcing Elmet's strategic importance in critical materials.
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Elmet (ELMT) stock has gained about 40% since 5/31/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2026 Performance Driven by Surging Demand and Strategic Pricing.
The Elmet Group reported robust financial results for its fiscal second quarter ended July 3, 2026, significantly exceeding analyst expectations. The company announced adjusted earnings per share (EPS) of $0.18, crushing the consensus estimate of $0.06 by 200%. Revenue for the quarter totaled $66.4 million, representing a 35.2% year-over-year increase and surpassing estimates by over 14%. This strong performance was fueled by robust demand across aerospace, defense, industrial, medical, and semiconductor end markets, alongside favorable tungsten and molybdenum pricing. Furthermore, gross profit margin expanded by 430 basis points to 25.0%, and adjusted EBITDA increased by 57% to $8.9 million. The company also reported a record open order backlog of $131.5 million, up 55% from the prior year, providing strong visibility into future business activity.
2. Landmark $450 Million Department of War Investment and $2 Billion DLA Contract.
Elmet secured a significant $450 million committed investment from the U.S. Department of War on September 14, 2026, aimed at expanding its tungsten mining, processing, and manufacturing capacity. This funding includes over $165 million for domestic facilities and approximately $150 million for a majority-owned joint venture at the Springer Tungsten Complex in Nevada. In addition to this investment, Elmet Technologies, a subsidiary, was awarded an indefinite delivery/indefinite quantity (IDIQ) contract by the Defense Logistics Agency (DLA) with a ceiling value of up to $2 billion. This contract includes a guaranteed minimum commitment of $150 million through at least August 2031 to supply tungsten materials for the U.S. National Defense Stockpile, reinforcing Elmet's strategic importance in critical materials.
3. Strategic Acquisition Expanding European Footprint with Favorable Terms.
On September 8, 2026, Elmet announced an agreement to acquire ams OSRAM's Schwabmünchen metal production operations, establishing a European manufacturing presence for tungsten and molybdenum components. This acquisition is particularly notable due to an €18 million negative base price, effectively meaning Elmet is being compensated to take on these assets, coupled with a €2.5 million vendor loan. This strategic move is expected to expand Elmet's global capabilities and enhance its vertically integrated supply chain, with the closing anticipated in fiscal Q1 2027.
4. Sustained Positive Analyst Sentiment and Significant Institutional Investment.
Following the strong fiscal Q2 2026 earnings, analyst sentiment remained highly positive, contributing to the stock's upward trend. Several research firms reiterated or upgraded their ratings and increased price targets for Elmet. Notably, Canaccord Genuity Group raised its price objective from $20.00 to $21.00 on August 17, 2026, while Needham & Company LLC and Roth MKM both reiterated "Buy" ratings with $21.00 price objectives on August 14, 2026. The stock maintains a consensus "Moderate Buy" rating from Wall Street analysts with an average price target of $20.75. Furthermore, major institutional investors, such as Wellington Management Group LLP, established new positions in Elmet during fiscal Q2 2026, with Wellington purchasing approximately $10.5 million worth of shares.
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Stock Movement Drivers
Fundamental Drivers
The 40.7% change in ELMT stock from 5/31/2026 to 9/14/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9142026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.28 | 21.50 | 40.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | � | 0.0% |
| Net Income Margin (%) | � | � | 0.0% |
| P/E Multiple | � | � | 0.0% |
| Shares Outstanding (Mil) | 29 | 29 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
5/31/2026 to 9/14/2026| Return | Correlation | |
|---|---|---|
| ELMT | 40.7% | |
| Market (SPY) | 0.6% | 38.3% |
| Sector (XLI) | -1.8% | 29.0% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/14/2026| Return | Correlation | |
|---|---|---|
| ELMT | ||
| Market (SPY) | 11.2% | 35.0% |
| Sector (XLI) | -3.8% | 26.9% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2025 to 9/14/2026| Return | Correlation | |
|---|---|---|
| ELMT | ||
| Market (SPY) | 19.0% | 35.0% |
| Sector (XLI) | 13.0% | 26.9% |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 9/14/2026| Return | Correlation | |
|---|---|---|
| ELMT | ||
| Market (SPY) | 74.9% | 35.0% |
| Sector (XLI) | 63.5% | 26.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ELMT Return | - | - | - | - | - | -10% | -10% |
| Peers Return | -9% | -14% | 69% | -8% | 88% | -15% | 94% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| ELMT Win Rate | - | - | - | - | - | 33% | |
| Peers Win Rate | 42% | 50% | 58% | 25% | 52% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ELMT Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -51% | -48% | -35% | -33% | -24% | -51% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FLY, ATRO, FBDT, LYNX, SPCX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/14/2026 (YTD)
How Low Can It Go
ELMT has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.7% | -9.5% |
| % Gain to Breakeven | 13.2% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -11.1% | -12.2% |
| % Gain to Breakeven | 12.5% | 13.9% |
| Time to Breakeven | 51 days | 62 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
ELMT has limited trading history. Below is the Industrials sector ETF (XLI) in its place.
| Event | XLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.1% | -24.5% |
| % Gain to Breakeven | 25.1% | 32.4% |
| Time to Breakeven | 125 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.6% | -33.7% |
| % Gain to Breakeven | 71.2% | 50.9% |
| Time to Breakeven | 231 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.7% | -19.2% |
| % Gain to Breakeven | 31.1% | 23.8% |
| Time to Breakeven | 120 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.5% | -17.9% |
| % Gain to Breakeven | 29.0% | 21.8% |
| Time to Breakeven | 114 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -60.5% | -53.4% |
| % Gain to Breakeven | 153.2% | 114.4% |
| Time to Breakeven | 700 days | 1085 days |
In The Past
State Street Industrial Select Sector SPDR ETF's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Elmet (ELMT)
Elmet (ELMT) is a U.S.-based company specializing in precision-engineered components and advanced high-energy systems for demanding growth markets. The company operates through two main divisions: Critical Materials Components (CMC) and Engineered Microwave Products (EMP). Through its CMC division, Elmet is a vertically integrated, U.S.-owned and U.S.-based manufacturer of highly engineered products utilizing critical and strategic materials such as tungsten, molybdenum, and niobium. Concurrently, its EMP division focuses on high-level radio frequency (RF) engineering, including high-power microwave systems for applications like plasma generation and radar.
Elmet's offerings are integral to industries requiring components capable of performing in extreme thermal, electromagnetic, and technical environments. The company emphasizes its unique vertically integrated engineering-to-production system, which provides custom design, development, and processing expertise for both Critical Materials and High-Power Microwave solutions. This capability positions Elmet as a leader, and often a sole-source U.S. producer, for many of its highly engineered Critical Materials products, and a leading designer and manufacturer of High-Power Microwave components in the United States. Its expertise allows customers to simplify their supply chains, accelerate time-to-market, and maintain cost-effectiveness.
Elmet serves a diverse and strategically critical range of U.S. and global end-markets. Its primary customers include the Aerospace, Defense and Government sectors, notably the U.S. Department of War (DoW), Lockheed Martin, RTX, Teledyne, and NASA. Beyond defense, Elmet's products are vital for Industrial, Medical, Semiconductor and Electronics, and Energy industries. The company also supports over 95 national lab programs worldwide, including benchmark research facilities. These customers rely on Elmet for technical design and scaled manufacturing of solutions that withstand extreme conditions and meet stringent performance requirements.
AI Analysis | Feedback
Elmet is like a specialized Teledyne Technologies (TDY), providing critical materials and advanced high-power microwave systems for defense, aerospace, and high-tech industrial applications.
Elmet is akin to a unique blend of Carpenter Technology (CRS), focusing on ultra-specialized tungsten and molybdenum components, and a division of L3Harris Technologies (LHX) specializing in high-power microwave systems, all for critical national security and industrial uses.
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- Critical Materials Components: Precision-engineered components made from critical materials such as tungsten, molybdenum, and niobium, designed to perform in extreme thermal, electromagnetic, and technical environments.
- High-Power Microwave Systems & Components: Advanced radio frequency (RF) engineered components and integrated systems for high-energy applications, including plasma generation, radar, and other vital use cases.
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- The United States Department of Defense (DoD)
- Lockheed Martin Corporation (NYSE: LMT)
- RTX Corporation (NYSE: RTX)
- Teledyne Technologies Incorporated (NYSE: TDY)
- National Aeronautics and Space Administration (NASA)
- Various national laboratory programs and research facilities, such as Fermi National Accelerator Laboratory and Los Alamos National Laboratory.
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Peter V. Anania, Chief Executive Officer and Chairman
Peter V. Anania is the founder of Anania & Associates and has decades of experience acquiring and operating manufacturing businesses in the metals and microwave sectors. He also serves as President and Chairman of The Elmet Group | Anania & Associates. Anania & Associates Investment Company LLC is a Maine-based investment firm with a history of investing in specialty manufacturing businesses, demonstrating a pattern of managing companies backed by private equity. The Elmet Group's leadership team, under his guidance, has successfully acquired and integrated seven different businesses in the Critical Materials and High-Power Microwave technology sectors since 2000.
Michael Steven Lee, Chief Financial Officer
Michael Steven Lee has held former CFO roles at Naprotek and Fiber Materials (a division of Spirit AeroSystems). He also has prior senior finance experience at Fairchild Semiconductor.
Scott W. Knoll, Executive Vice President of Corporate Strategy
Scott W. Knoll also holds the title of Director at Elmet and is a Partner at Anania & Associates, indicating his involvement with the investment firm that backs Elmet.
Derek Fox, President, Critical Materials Components (CMC) Division
Derek Fox previously served as the Chief Financial Officer of Elmet Technologies and held prior finance and operations roles at Fairchild Semiconductor and Fiber Materials.
James William Detert, President, Engineered Microwave Products (EMP) Division
James William Detert was formerly a Managing Director at mWave Industries and has held senior leadership roles at Mölnlycke and Rynel, focusing on advanced materials and manufacturing.
AI Analysis | Feedback
Heavy Dependence on U.S. Government and Defense Contracts, and Maintaining Sole-Source U.S. Producer Status
Elmet's business model is deeply intertwined with its role as a key domestic supplier to the U.S. government and defense sector. The company's fundamental mission is to strengthen U.S. domestic manufacturing capabilities to support the United States and its allies' needs in Critical Materials and High-Power Microwave systems. Elmet believes it is the leader and sole-source U.S. producer of many highly engineered Critical Materials products, and its Critical Materials Components (CMC) division supports numerous critical programs for the United States Department of War (DoW). Additionally, its Engineered Microwave Products (EMP) division provides products and services to the DoW, space sector leaders like Lockheed Martin, RTX Corporation, Teledyne Technologies, and NASA, and over 95 national lab programs. Consequently, Elmet's financial performance is highly susceptible to fluctuations in U.S. defense spending, changes in government procurement policies, shifts in strategic priorities for critical programs, or the emergence of new domestic competitors that could challenge its unique "sole-source U.S. producer" status for these critical materials and components. Any of these factors could significantly impact demand for its products and its overall market position.
Supply Chain and Cost Volatility of Critical Materials
Elmet relies on specific "Critical Materials" such as tungsten, molybdenum, and niobium for its precision-engineered components. While the company emphasizes its vertical integration and control over the powder production, pressing, sintering, forming, milling, and engineering of tungsten and molybdenum oxide, it does not explicitly state control over the raw material sourcing itself. Therefore, Elmet remains vulnerable to potential disruptions in the global supply chain for these strategic materials. Factors such as geopolitical events affecting mining operations, trade restrictions, or significant price volatility in the international markets for raw tungsten, molybdenum, and niobium could lead to increased input costs, potential production delays, and ultimately impact Elmet's profitability and ability to meet customer demands.
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Elmet (ELMT) is positioned for future revenue growth over the next 2-3 years, driven by several key factors stemming from its strategic market position, proprietary expertise, and planned investments.
- Strong Demand in Aerospace, Defense, and Government Sectors: Elmet is a crucial supplier for the Aerospace, Defense, and Government industries, with its Critical Materials Components (CMC) supporting many U.S. Department of War programs and its Engineered Microwave Products (EMP) serving defense and space sector leaders such as Lockheed Martin, RTX Corporation, Teledyne, and NASA. The company recently reported a 20% growth in its backlog specifically within these segments, which now represent over 40% of its sales. This indicates sustained demand and expansion opportunities as Elmet strengthens U.S. domestic manufacturing capabilities for critical materials and advanced high-power microwave systems.
- Advantage from U.S. Supply Chain Security Initiatives: As the sole U.S.-owned and U.S.-based manufacturer of highly engineered tungsten and molybdenum products and a leading designer and manufacturer of high-power microwave components, Elmet benefits significantly from efforts to secure U.S. critical component supply chains and reduce reliance on foreign imports. This strategic positioning ensures a reliable domestic source for vital materials and systems, driving demand for Elmet's offerings.
- Expansion in High-Growth End-Markets: Beyond defense, Elmet's products are integral to the Industrial, Medical, Semiconductor and Electronics, and Energy industries, identified as high-growth and strategically critical U.S. and global markets. The total addressable market (TAM) for microwave devices is expected to grow at an approximately 8% Compound Annual Growth Rate (CAGR), while the tungsten and molybdenum markets are projected to reach $7.0–$8.0 billion and $5.7–$6.3 billion by 2030, respectively. This broad market exposure to expanding sectors provides multiple avenues for revenue growth.
- Investments in Growth Capital: The proceeds from Elmet's recent initial public offering (IPO) are allocated, in part, to growth capital. This capital may be used for strategic acquisitions, facility upgrades, and research and development (R&D). These investments are expected to enhance Elmet's capabilities, expand its production capacity, and foster innovation, directly contributing to future revenue growth through new products, improved efficiency, and market reach.
- Leveraging Proprietary Expertise and Vertical Integration for Early Customer Engagement: Elmet's comprehensive in-house design and manufacturing capabilities, supported by a large team of engineers and scientists, enable it to engage with customers early in their design cycles. This allows the company to develop difficult-to-replicate solutions for components that perform in extreme thermal, electromagnetic, and mechanical environments. This specialized expertise and vertical integration create a significant competitive advantage, leading to design wins and long-term contracts that are difficult for competitors to replicate.
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Share Issuance
- Elmet completed its initial public offering (IPO) on April 24, 2026, with its shares beginning to trade on the Nasdaq Capital Market on April 23, 2026.
- The company issued approximately 9.9 million shares of common stock, including the full exercise of the underwriters' overallotment option, at a public offering price of $14.00 per share.
- This offering generated aggregate net proceeds of $125.5 million for Elmet.
Inbound Investments
- Elmet received $125.5 million in net proceeds from its initial public offering in April 2026.
Capital Expenditures
- Elmet reported capital expenditures of -$10.38 million for the trailing twelve months.
- Proceeds from the IPO are intended to be used for debt reduction, working capital, growth capital, and general corporate purposes.
Peer Outperformance in Aerospace & Defense
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 9.7% | 97.1% | 177.4% | CDNL 2480% · FIX 2192% · STRL 1980% |
| Marine Transportation | 5 | 76.2% | 62.9% | 160.6% | HOS 44584% · MATX 198% · KEX 161% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 6.3% | 60.9% | 118.4% | CAT 315% · ALSN 262% · WAB 216% |
| Aerospace & Defense ← | 54 | -2.5% | 75.1% | 69.9% | ATI 948% · FTAI 881% · HWM 620% |
| Rail Transportation | 7 | 33.8% | 65.3% | 43.0% | FSTR 145% · CSX 70% · UNP 56% |
| Passenger Ground Transportation | 3 | -23.7% | 41.0% | 38.8% | UBER 89% · CAR 39% · LYFT -69% |
| Trading Companies & Distributors | 19 | 6.6% | 37.2% | 38.0% | DXPE 543% · AIT 283% · URI 202% |
| Industrial Machinery & Supplies & Components | 71 | 6.1% | 43.1% | 36.7% | CRS 1250% · PSIX 925% · GHM 579% |
| Cargo Ground Transportation | 16 | 37.0% | 5.2% | 32.8% | XPO 256% · R 234% · CVLG 227% |
| Diversified Support Services | 33 | 10.1% | 31.6% | 26.4% | LIME 3473% · TH 425% · WLFC 348% |
| Electrical Components & Equipment | 41 | 12.2% | 53.3% | 18.2% | POWL 2153% · BE 1230% · VRT 913% |
| Building Products | 33 | -12.2% | 3.2% | 17.7% | LMB 672% · GFF 383% · PPIH 285% |
| Industrial Conglomerates | 17 | 4.5% | 1.7% | 5.8% | RCMT 428% · CSW 134% · CSL 76% |
| Environmental & Facilities Services | 29 | -9.5% | 25.1% | -3.2% | CECO 911% · ADUR 390% · NVRI 358% |
| Research & Consulting Services | 13 | -10.4% | -21.9% | -5.8% | HURN 212% · CRAI 92% · GRNQ 86% |
| Agricultural & Farm Machinery | 17 | 7.7% | 5.2% | -9.7% | BLBD 219% · DE 102% · GENC 50% |
| Data Processing & Outsourced Services | 6 | -30.8% | -11.1% | -22.8% | EXLS 47% · BR 13% · G -22% |
| Passenger Airlines | 11 | 1.9% | 2.4% | -27.7% | LTM 3279% · UAL 148% · SKYW 115% |
| Office Services & Supplies | 9 | 8.3% | 22.4% | -29.0% | PBI 199% · TILE 144% · HNI 50% |
| Air Freight & Logistics | 12 | -8.0% | -22.1% | -36.6% | CHRW 95% · FDX 68% · EXPD 60% |
| Security & Alarm Services | 10 | -31.9% | 16.1% | -37.3% | CIX 154% · MG 106% · NL 67% |
| Human Resource & Employment Services | 22 | 2.8% | -20.1% | -38.0% | BBSI 85% · ADP 54% · PAYX 26% |
| Airport Services | 3 | -70.8% | -79.3% | -58.0% | JOBY -23% · ASLE -58% · UP -100% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.43 |
| Mkt Cap | 3.3 |
| Rev LTM | 287 |
| Op Inc LTM | -29 |
| FCF LTM | -12 |
| FCF 3Y Avg | 27 |
| CFO LTM | -3 |
| CFO 3Y Avg | 48 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 96.8% |
| Rev Chg 3Y Avg | 15.0% |
| Rev Chg Q | 35.2% |
| QoQ Delta Rev Chg LTM | 8.2% |
| Op Inc Chg LTM | 103.5% |
| Op Inc Chg 3Y Avg | 556.3% |
| Op Mgn LTM | -13.6% |
| Op Mgn 3Y Avg | 6.0% |
| QoQ Delta Op Mgn LTM | 3.2% |
| CFO/Rev LTM | -1.4% |
| CFO/Rev 3Y Avg | 5.2% |
| FCF/Rev LTM | -113.8% |
| FCF/Rev 3Y Avg | 3.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 |
|---|---|---|
| Critical Materials Components (CMC) | 172 | 164 |
| Engineered Microwave Products (EMP) | 30 | 26 |
| Corporate and Other | 0 | 0 |
| Total | 202 | 190 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Critical Materials Components (CMC) | 16 | 15 |
| Engineered Microwave Products (EMP) | 2 | 1 |
| Corporate and Other | -6 | -1 |
| Total | 12 | 14 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Critical Materials Components (CMC) | 12 | 11 |
| Engineered Microwave Products (EMP) | 1 | 0 |
| Corporate and Other | -6 | -2 |
| Total | 8 | 10 |
| $ Mil | 2025 | 2024 |
|---|---|---|
| Critical Materials Components (CMC) | 149 | 135 |
| Engineered Microwave Products (EMP) | 26 | 25 |
| Corporate and Other | 1 | 2 |
| Total | 176 | 163 |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.76 | 4.75 | 3.66 | 0.65 | -0.15 | -0.11 |
| Up Beta | 3.42 | 4.05 | 0.58 | -2.28 | 0.81 | 0.87 |
| Down Beta | 5.50 | 4.27 | 2.66 | -1.14 | -1.53 | -0.01 |
| Up Capture | 644% | 490% | 832% | 307% | 140% | 13% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 14 | 21 | 34 | 44 | 44 | 44 |
| Down Capture | 468% | 514% | 355% | 222% | 139% | 77% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 7 | 21 | 30 | 45 | 45 | 45 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELMT | |
|---|---|---|---|---|
| ELMT | 20.1% | 107.4% | 0.89 | - |
| Sector ETF (XLI) | 12.4% | 17.2% | 0.51 | 26.9% |
| Equity (SPY) | 16.8% | 12.8% | 0.93 | 35.0% |
| Gold (GLD) | 17.4% | 29.3% | 0.55 | 14.5% |
| Commodities (DBC) | 49.5% | 20.6% | 1.85 | -3.3% |
| Real Estate (VNQ) | 5.1% | 13.5% | 0.12 | -14.6% |
| Bitcoin (BTCUSD) | -33.3% | 43.9% | -0.80 | 7.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELMT | |
|---|---|---|---|---|
| ELMT | 3.7% | 107.4% | 0.89 | - |
| Sector ETF (XLI) | 11.8% | 17.6% | 0.51 | 26.9% |
| Equity (SPY) | 12.4% | 17.2% | 0.55 | 35.0% |
| Gold (GLD) | 18.1% | 18.8% | 0.78 | 14.5% |
| Commodities (DBC) | 11.4% | 19.5% | 0.46 | -3.3% |
| Real Estate (VNQ) | 0.6% | 18.9% | -0.07 | -14.6% |
| Bitcoin (BTCUSD) | 9.1% | 52.6% | 0.36 | 7.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELMT | |
|---|---|---|---|---|
| ELMT | 1.8% | 107.4% | 0.89 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 26.9% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 35.0% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 14.5% |
| Commodities (DBC) | 8.8% | 18.1% | 0.40 | -3.3% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | -14.6% |
| Bitcoin (BTCUSD) | 63.3% | 66.2% | 1.03 | 7.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Aerospace & Defense Resources |
| Defense News |
| FlightGlobal |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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