Standard Lithium (SLI)
Market Price (12/17/2025): $4.8 | Market Cap: $979.3 MilSector: Materials | Industry: Diversified Metals & Mining
Standard Lithium (SLI)
Market Price (12/17/2025): $4.8Market Cap: $979.3 MilSector: MaterialsIndustry: Diversified Metals & Mining
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, and Renewable Energy Transition. Themes include Advanced Battery Components, and Battery Storage & Grid Modernization. | Weak multi-year price returns3Y Excs Rtn is -42% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -20 Mil | ||
| Stock price has recently run up significantly6M Rtn6 month market price return is 146%, 12M Rtn12 month market price return is 223% | ||
| Short seller report | ||
| Key risksSLI key risks include [1] project execution delays and substantial funding requirements as a pre-revenue company, Show more. |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, and Renewable Energy Transition. Themes include Advanced Battery Components, and Battery Storage & Grid Modernization. |
| Weak multi-year price returns3Y Excs Rtn is -42% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -20 Mil |
| Stock price has recently run up significantly6M Rtn6 month market price return is 146%, 12M Rtn12 month market price return is 223% |
| Short seller report |
| Key risksSLI key risks include [1] project execution delays and substantial funding requirements as a pre-revenue company, Show more. |
Valuation, Metrics & Events
SLI Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Over $1 Billion in Financing Interest for South West Arkansas Project: Standard Lithium's joint venture with Equinor, Smackover Lithium, attracted significant financing interest exceeding $1 billion from three export credit agencies, including the Export-Import Bank of the U.S. and Export Finance Norway, for its South West Arkansas project. This development, announced in December 2025, indicated strong market confidence and provided crucial funding for the project's first phase, leading to an immediate stock increase.
2. Completion of Definitive Feasibility Study and Maiden Resource Report: In September 2025, Standard Lithium completed a Definitive Feasibility Study (DFS) for its South West Arkansas project and released a maiden inferred resource report for its Franklin project in East Texas. These studies provided critical technical and economic validation of the company's lithium assets, reinforcing their potential value and contributing to investor optimism.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SLI Return | -18% | 1715% | -70% | -32% | -28% | 228% | 631% |
| Peers Return | 136% | 59% | -20% | -45% | -49% | 61% | 34% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 110% |
Monthly Win Rates [3] | |||||||
| SLI Win Rate | 17% | 25% | 25% | 33% | 42% | 83% | |
| Peers Win Rate | 75% | 56% | 47% | 31% | 44% | 53% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| SLI Max Drawdown | -52% | 0% | -70% | -40% | -48% | -24% | |
| Peers Max Drawdown | -34% | -9% | -33% | -53% | -62% | -27% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: ALB, LAC, CMP.
[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] 2025 data is for the year up to 12/16/2025 (YTD)
How Low Can It Go
| Event | SLI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -85.7% | -25.4% |
| % Gain to Breakeven | 598.9% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -56.0% | -33.9% |
| % Gain to Breakeven | 127.2% | 51.3% |
| Time to Breakeven | 482 days | 148 days |
| 2018 Correction | ||
| % Loss | -71.1% | -19.8% |
| % Gain to Breakeven | 246.4% | 24.7% |
| Time to Breakeven | 606 days | 120 days |
Compare to WRN, XPL, CRML, NEXM, TECK
In The Past
Standard Lithium's stock fell -85.7% during the 2022 Inflation Shock from a high on 10/27/2021. A -85.7% loss requires a 598.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to SLI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.5% | 5.5% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 42.2% | 42.2% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 15.0% | 15.0% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | -2.5% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | DD | DuPont de Nemours | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.5% | 5.5% | -0.2% |
| 11212025 | CF | CF Industries | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -3.1% |
| 11212025 | HL | Hecla Mining | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 42.2% | 42.2% | 0.0% |
| 11072025 | CDE | Coeur Mining | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 15.0% | 15.0% | -5.7% |
| 10312025 | ATR | AptarGroup | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | -2.5% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Standard Lithium
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.88 |
| Mkt Cap | 1.0 |
| Rev LTM | 622 |
| Op Inc LTM | -0 |
| FCF LTM | 51 |
| FCF 3Y Avg | -162 |
| CFO LTM | 90 |
| CFO 3Y Avg | 44 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -6.3% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 2.7% |
| QoQ Delta Rev Chg LTM | 0.3% |
| Op Mgn LTM | 3.4% |
| Op Mgn 3Y Avg | 2.6% |
| QoQ Delta Op Mgn LTM | 3.4% |
| CFO/Rev LTM | 17.1% |
| CFO/Rev 3Y Avg | 12.9% |
| FCF/Rev LTM | 6.4% |
| FCF/Rev 3Y Avg | -2.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.0 |
| P/S | 1.3 |
| P/EBIT | 1,127.2 |
| P/E | -24.7 |
| P/CFO | -8.3 |
| Total Yield | -6.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -16.0% |
| D/E | 0.3 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.7% |
| 3M Rtn | 53.8% |
| 6M Rtn | 101.9% |
| 12M Rtn | 49.0% |
| 3Y Rtn | -48.8% |
| 1M Excs Rtn | 9.7% |
| 3M Excs Rtn | 50.7% |
| 6M Excs Rtn | 88.3% |
| 12M Excs Rtn | 31.1% |
| 3Y Excs Rtn | -123.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11102025 | 6-K 9/30/2025 |
| 6302025 | 8082025 | 6-K 6/30/2025 |
| 3312025 | 5092025 | 6-K 3/31/2025 |
| 12312024 | 3242025 | 40-F 12/31/2024 |
| 9302024 | 11122024 | 6-K 9/30/2024 |
| 6302024 | 9242024 | 40-F 6/30/2024 |
| 3312024 | 5092024 | 6-K 3/31/2024 |
| 12312023 | 2082024 | 6-K 12/31/2023 |
| 9302023 | 11132023 | 6-K 9/30/2023 |
| 6302023 | 9222023 | 40-F 6/30/2023 |
| 3312023 | 5112023 | 6-K 3/31/2023 |
| 12312022 | 2092023 | 6-K 12/31/2022 |
| 9302022 | 11102022 | 6-K 9/30/2022 |
| 6302022 | 9232022 | 40-F 6/30/2022 |
| 3312022 | 5132022 | 6-K 3/31/2022 |
| 12312021 | 2142022 | 6-K 12/31/2021 |
External Quote Links
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| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |