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NMGNouveau Monde Graphite Inc.
$1.57$252M
Overview & Verdict
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NMG logoNouveau Monde Graphite Inc.(NMG)Earnings, Financials & Key Ratios

NMG•NYSE
$1.57
Price updated Jul 7, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryBattery Materials (Lithium, Graphite, Rare Earths)
AboutNouveau Monde Graphite Inc. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It primarily explores for graphite. The company's flagship project is the Matawinie property that includes 392 mining claims covering an area of 21,750 hectares situated to the north of Montreal, Quebec. It also engages in the real estate and trading businesses. The company was formerly known as Nouveau Monde Mining Enterprises Inc. and changed its name to Nouveau Monde Graphite Inc. in February 2017. Nouveau Monde Graphite Inc. was founded in 2011 and is headquartered in Saint-Michel-des-Saints, Canada.Show more
  • Revenue$0
  • EBITDA-$51M-65503.0%
  • Net Income-$105M-143300.8%
  • EPS (Diluted)-0.69-114900.0%
  • ROE-90.04%-127793.6%

NMG Price & Volume

Nouveau Monde Graphite Inc. (NMG) stock price & volume — 10-year historical chart

Loading chart...

Persistent Capital Burn Challenges Graphite Development Timeline

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Commercialization and Dilution Risk

Key Thesis Takeaways

  • Nouveau Monde Graphite remains in a high-risk pre-commercialization phase, characterized by significant quarterly operating losses and a reliance on equity-linked financing to fund infrastructure development.
  • While the company is building out its Matawinie mine and Bécancour facility, the lack of recurring revenue and the erosion of equity from $153.7 million in 2024Q4 to $77.7 million in 2026Q1 create substantial uncertainty regarding long-term solvency.
  • Investors should monitor the company's ability to achieve commercial-scale production before its liquidity buffer, currently reflected in a compressed 0.73 current ratio, is further exhausted.

Verdict Logic

the company's persistent cash burn, evidenced by a $16.5 million negative free cash flow in 2026Q1, combined with a deteriorating current ratio of 0.73, suggests significant dilution and solvency risks for shareholders.

NMG Growth Metrics

Nouveau Monde Graphite Inc. (NMG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-81.75%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-44.32%

Return on Capital

10 Years1.47%
5 Years-14.77%
3 Years-31.14%
Last Year-48.54%

NMG Recent Earnings

Nouveau Monde Graphite Inc. (NMG) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 5/12 qtrs (42%)
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$0.02+73.0%
$0.08
Rev
—
—
Q2 2026
Mar 25, 2026
Metric
Actual
Est
EPS
$0.03+142.9%
$0.07
Rev
—
$29M
Q4 2025
Nov 12, 2025
Metric
Actual
Est
EPS
$0.06+0.0%
$0.06
Rev
—
—
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.10-66.7%
$0.06
Rev
—
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$0.02vs $0.08+73.0%
—
Q2 2026Mar 25, 2026
$0.03vs $0.07+142.9%
—vs $29M
Q4 2025Nov 12, 2025
$0.06vs $0.06+0.0%
—
Q3 2025Aug 14, 2025
$0.10vs $0.06-66.7%
—
Based on last 12 quarters of dataView full earnings history →

Latest NMG News

Recent stock market news and headlines for Nouveau Monde Graphite Inc. (NMG)

Business Wire·Jul 1, 2026
NMG Pays Accrued Interests

MONTRÉAL--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX: NOU) announces the payment of accrued interests as part of a previously announced private placement. Settlement of Accrued Interests Upon the approval of the Toronto Stock Exchange and the New York Stock Exchange (the “Exchanges”), the accrued interests owed to Investissement Québec (“Holder”) for the second quarter of 2026 under the unsecured convertible note, as amended and restated, (the “Note”).

Peers Comparison

Key metrics vs top competitors for Nouveau Monde Graphite Inc. (NMG)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NMG logoNMGNouveau Monde Graphite Inc.Current
$1.57$252.5M-3.23——-90.04%—
MP logoMPMP Materials Corp.
$50.49$8.99B-100.9835.12%-20.48%-3.49%—
UUUU logoUUUUEnergy Fuels Inc.
$12.86$3.21B-34.76-15.61%-82.7%-10.16%—
LAC logoLACLithium Americas Corp.
$3.62$808.27M-7.10——-8.28%—
SGML logoSGMLSigma Lithium Corporation
$11.80$1.31B-26.22-47.3%-42.21%-51.96%—
TSLA logoTSLATesla, Inc.
$402.90$1.51T373.06-2.93%3.96%4.75%—

Compare NMG vs Peers

Nouveau Monde Graphite Inc. (NMG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MP

Most directly comparable listed peer for NMG.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare NMG against a more recognizable public peer.

Peer Set

Compare Top 5

vs MP, UUUU, LAC, SGML

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NMG Frequently Asked Questions

Nouveau Monde Graphite Inc. (NMG) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
Is NMG profitable?

Nouveau Monde Graphite Inc. (NMG) reported a net loss of $97.2M for fiscal year 2025.

Dividend & Returns
What is NMG's return on equity?

Nouveau Monde Graphite Inc. (NMG) has a return on equity (ROE) of -90.0%. Negative ROE indicates the company is unprofitable.

What is Nouveau Monde Graphite Inc.'s free cash flow?

Nouveau Monde Graphite Inc. (NMG) had negative free cash flow of $55.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in NMG back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →