Elmet (ELMT)
Market Price (11/3/2026): $23.25 | Market Cap: $708.2 MilSector: Industrials | Industry: Aerospace & Defense
Elmet (ELMT)
Market Price (11/3/2026): $23.25Market Cap: $708.2 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. | Weak multi-year price returns2Y Excs Rtn is -5.9%, 3Y Excs Rtn is -59% | 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 -7.9% High stock price volatilityVol 12M is 101% 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. |
| Weak multi-year price returns2Y Excs Rtn is -5.9%, 3Y Excs Rtn is -59% |
| 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 -7.9% |
| High stock price volatilityVol 12M is 101% |
| Key risksELMT key risks include [1] its heavy dependence on U.S. Show more. |
Qualitative Assessment
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Elmet (ELMT) stock has gained about 60% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Performance and Increased Backlog.
Elmet reported robust results for its fiscal second quarter ended July 3, 2026, significantly beating analyst expectations. The company announced an adjusted EPS of $0.18, surpassing the consensus estimate of -$0.20 by $0.38. Quarterly revenue increased by 35.2% year-over-year to $66.4 million. Furthermore, Elmet's gross profit margin improved by 430 basis points to 25.0%, and its open order backlog grew by nearly 55% to a record $131.5 million, largely driven by demand in the aerospace, defense, and government markets.
2. Major U.S. Government Contracts and Strategic Investment.
On September 14, 2026, Elmet secured a substantial $2 billion indefinite delivery/indefinite quantity (IDIQ) contract from the U.S. Defense Logistics Agency (DLA) to bolster the National Defense Stockpile, including a guaranteed minimum commitment of $150 million for tungsten ores and related materials. Concurrently, the company received a committed investment of $450 million from the U.S. Department of War (DoW). This funding is earmarked for expanding domestic tungsten production and processing across Elmet's facilities in Maine, Michigan, and Ohio, with over $165 million allocated for modernization and expansion, and up to $150 million for strategic partnerships to diversify tungsten supply, thereby establishing a more secure, vertically integrated tungsten supply chain.
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Elmet (ELMT) stock has gained about 60% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Performance and Increased Backlog.
Elmet reported robust results for its fiscal second quarter ended July 3, 2026, significantly beating analyst expectations. The company announced an adjusted EPS of $0.18, surpassing the consensus estimate of -$0.20 by $0.38. Quarterly revenue increased by 35.2% year-over-year to $66.4 million. Furthermore, Elmet's gross profit margin improved by 430 basis points to 25.0%, and its open order backlog grew by nearly 55% to a record $131.5 million, largely driven by demand in the aerospace, defense, and government markets.
2. Major U.S. Government Contracts and Strategic Investment.
On September 14, 2026, Elmet secured a substantial $2 billion indefinite delivery/indefinite quantity (IDIQ) contract from the U.S. Defense Logistics Agency (DLA) to bolster the National Defense Stockpile, including a guaranteed minimum commitment of $150 million for tungsten ores and related materials. Concurrently, the company received a committed investment of $450 million from the U.S. Department of War (DoW). This funding is earmarked for expanding domestic tungsten production and processing across Elmet's facilities in Maine, Michigan, and Ohio, with over $165 million allocated for modernization and expansion, and up to $150 million for strategic partnerships to diversify tungsten supply, thereby establishing a more secure, vertically integrated tungsten supply chain.
3. Strategic Global Expansion and Partnerships.
Elmet expanded its global footprint and supply chain capabilities through key strategic initiatives in September 2026. On September 8, 2026, the company signed an agreement to acquire ams OSRAM's tungsten and molybdenum manufacturing operations in Schwabmünchen, Germany, marking its first European production base for refractory metals. Additionally, on September 23, 2026, Elmet announced a long-term strategic partnership with Vietnam-based Masan High-Tech Materials Corp., acquiring a 4.99% equity stake for $124.75 million to secure critical tungsten supply. These moves aim to diversify its raw material sources and enhance its manufacturing capacity internationally.
4. Multiple Analyst Upgrades and Increased Price Targets.
Throughout October 2026, several Wall Street analysts raised their price targets and reaffirmed "Buy" or "Overweight" ratings for Elmet, reflecting growing market confidence. Canaccord Genuity increased its price target to $26 from $21 on October 6, 2026. Needham & Company LLC raised its target to $28 from $25 on October 8, 2026. Cantor Fitzgerald notably boosted its target to $30 from $20 on October 23, 2026, while maintaining an "Overweight" rating. The consensus analyst rating for Elmet shifted to a "Moderate Buy" or "Strong Buy," with an average price target of approximately $27.50, indicating significant anticipated upside.
5. Favorable Industrial Manufacturing Sector Trends.
The broader industrial manufacturing sector exhibited signs of renewal and growth during the period, contributing to Elmet's positive trend. Industrial capital project activity showed sustained growth, with 160 new planned projects tracked across North America in August 2026. The U.S. manufacturing sector experienced accelerated growth in October, with factory output rising at its fastest pace in nearly five years, as indicated by a one-point rise in the Purchasing Managers’ Index to 55.5. This was partly driven by increased demand stemming from AI-related investments in electronics, metals, and industrial machinery, which directly benefits Elmet's product offerings.
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Stock Movement Drivers
Fundamental Drivers
The 59.1% change in ELMT stock from 7/31/2026 to 11/2/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.91 | 22.13 | 59.1% |
| 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
7/31/2026 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ELMT | 59.1% | |
| Market (SPY) | 0.7% | 32.5% |
| Sector (XLI) | -5.6% | 27.3% |
Fundamental Drivers
The 35.4% change in ELMT stock from 4/30/2026 to 11/2/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11022026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.35 | 22.13 | 35.4% |
| Change Contribution By: | |||
| Total Revenues ($ 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
4/30/2026 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ELMT | 35.4% | |
| Market (SPY) | 4.9% | 38.4% |
| Sector (XLI) | -2.6% | 29.9% |
Fundamental Drivers
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Market Drivers
10/31/2025 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ELMT | ||
| Market (SPY) | 11.2% | 37.2% |
| Sector (XLI) | 10.4% | 29.2% |
Fundamental Drivers
nullnull
Market Drivers
10/31/2023 to 11/2/2026| Return | Correlation | |
|---|---|---|
| ELMT | ||
| Market (SPY) | 86.0% | 37.2% |
| Sector (XLI) | 79.4% | 29.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ELMT Return | - | - | - | - | - | 24% | 24% |
| Peers Return | -9% | -14% | 69% | -8% | 88% | -16% | 90% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| ELMT Win Rate | - | - | - | - | - | 50% | |
| Peers Win Rate | 42% | 50% | 58% | 25% | 52% | 37% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| ELMT Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -51% | -48% | -35% | -33% | -24% | -56% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FLY, ATRO, LYNX, NSTR, SAIQ.
[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 11/2/2026 (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.
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Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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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.
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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.
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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.
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.42 |
| Mkt Cap | 2.6 |
| Rev LTM | 287 |
| Op Inc LTM | -12 |
| 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 | -5.4% |
| 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 | -5.3% |
| 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
| Market Price | $22.13 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 04/23/2026 | |
| Distance from 52W High | -8.1% | |
| 50 Days | 200 Days | |
| DMA Price | $19.80 | |
| DMA Trend | up | |
| Distance from DMA | 11.8% | |
| 3M | 1YR | |
| Volatility | 106.5% | 101.3% |
| Downside Capture | 236.36 | |
| Upside Capture | 511.94 | |
| Correlation (S&P 500) | 29.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.15 | 2.56 | 3.17 | 3.20 | -0.38 | -0.02 |
| Up Beta | 3.62 | -1.15 | 1.57 | 0.66 | -0.53 | 0.05 |
| Down Beta | 2.55 | 3.70 | 3.39 | 3.18 | -0.39 | 0.75 |
| Up Capture | 780% | 520% | 678% | 894% | 286% | 26% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 13 | 24 | 38 | 66 | 68 | 68 |
| Down Capture | 322% | 110% | 184% | 244% | 141% | 83% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 9 | 19 | 26 | 60 | 64 | 64 |
[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 | 23.7% | 101.3% | 0.83 | - |
| Sector ETF (XLI) | 10.7% | 17.3% | 0.42 | 29.2% |
| Equity (SPY) | 11.6% | 12.8% | 0.57 | 37.2% |
| Gold (GLD) | -2.3% | 28.6% | -0.09 | 18.9% |
| Commodities (DBC) | 43.1% | 20.9% | 1.60 | -2.0% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.50 | -10.1% |
| Bitcoin (BTCUSD) | -28.8% | 43.6% | -0.66 | 12.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELMT | |
|---|---|---|---|---|
| ELMT | 4.3% | 101.3% | 0.83 | - |
| Sector ETF (XLI) | 11.7% | 17.6% | 0.50 | 29.2% |
| Equity (SPY) | 12.0% | 17.1% | 0.52 | 37.2% |
| Gold (GLD) | 16.5% | 19.0% | 0.69 | 18.9% |
| Commodities (DBC) | 8.4% | 19.6% | 0.31 | -2.0% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | -10.1% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 12.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ELMT | |
|---|---|---|---|---|
| ELMT | 2.1% | 101.3% | 0.83 | - |
| Sector ETF (XLI) | 13.4% | 20.1% | 0.58 | 29.2% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 37.2% |
| Gold (GLD) | 11.6% | 16.5% | 0.57 | 18.9% |
| Commodities (DBC) | 7.8% | 18.1% | 0.34 | -2.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | -10.1% |
| Bitcoin (BTCUSD) | 61.7% | 66.3% | 1.01 | 12.9% |
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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 |
Prefer one of these to Trefis? Tell us why.