Freyr Battery [FREY] vs Novonix Limited ADR [NVX] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 18 vital metrics comparison: Freyr Battery Inc. wins in 9 metrics, Novonix Limited ADR wins in 6 metrics, with 0 ties. Freyr Battery Inc. appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | Freyr Battery Inc. | Novonix Limited ADR | Better |
|---|---|---|---|
| P/E Ratio (TTM) | N/A | -1.33 | N/A |
| Price-to-Book Ratio | 0.40 | 1.03 | Freyr Battery Inc. |
| Debt-to-Equity Ratio | 3.74 | 62.06 | Freyr Battery Inc. |
| PEG Ratio | -2.25 | -3.43 | Freyr Battery Inc. |
| EV/EBITDA | -0.22 | -14.16 | Freyr Battery Inc. |
| Profit Margin (TTM) | 41.74% | 55.49% | Novonix Limited ADR |
| Operating Margin (TTM) | -2,524.24% | -920.61% | Novonix Limited ADR |
| Return on Equity | -18.45% | -61.97% | Freyr Battery Inc. |
| Return on Assets (TTM) | -11.55% | -12.82% | Freyr Battery Inc. |
| Free Cash Flow (TTM) | $-153.65M | $-102.38M | Novonix Limited ADR |
| 1-Year Return | -26.11% | -37.17% | Freyr Battery Inc. |
| Price-to-Sales Ratio (TTM) | 82.20 | 30.58 | Novonix Limited ADR |
| Enterprise Value | $25.19M | $684.05M | Novonix Limited ADR |
| EV/Revenue Ratio | 8.56 | 121.78 | Freyr Battery Inc. |
| Revenue per Share (TTM) | N/A | $0 | N/A |
| Earnings per Share (Diluted) | $-0.11 | $-0.56 | Freyr Battery Inc. |
| Beta (Stock Volatility) | 1.03 | 0.99 | Novonix Limited ADR |
| Short % of Float | N/A | 1.91% | N/A |
Freyr Battery Inc. vs Novonix Limited ADR Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Freyr Battery Inc. | 3.91% | 5.56% | 27.88% | 27.88% | 27.88% | 27.88% |
| Novonix Limited ADR | -2.16% | -4.23% | -5.56% | -20.93% | -39.29% | -37.61% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Freyr Battery Inc. | -26.11% | -84.48% | -84.89% | -86.46% | -86.46% | -86.46% |
| Novonix Limited ADR | -37.17% | -73.00% | -96.29% | -96.29% | -96.29% | -96.29% |
Performance & Financial Health Analysis: Freyr Battery Inc. vs Novonix Limited ADR
| Metric | FREY | NVX |
|---|---|---|
| Market Information | ||
| Market Cap | $241.82M | $161.13M |
| Market Cap Category | Micro cap | Micro cap |
| 10 Day Avg. Volume | 937,274 | 248,884 |
| 90 Day Avg. Volume | 1,348,228 | 352,705 |
| Last Close | $1.33 | $0.68 |
| 52 Week Range | $0.91 - $3.36 | $0.59 - $3.86 |
| % from 52W High | -60.42% | -82.38% |
| All-Time High | $16.94 (Oct 03, 2022) | $24.00 (Jan 31, 2022) |
| % from All-Time High | -92.15% | -97.17% |
| Growth Metrics | ||
| Quarterly Revenue Growth | N/A | -0.10% |
| Quarterly Earnings Growth | N/A | N/A |
| Financial Health | ||
| Profit Margin (TTM) | 0.42% | 0.55% |
| Operating Margin (TTM) | -25.24% | -9.21% |
| Return on Equity (TTM) | -0.18% | -0.62% |
| Debt to Equity (MRQ) | 3.74 | 62.06 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $3.83 | $0.77 |
| Cash per Share (MRQ) | $1.32 | $0.10 |
| Operating Cash Flow (TTM) | $-106,526,000 | $-42,199,800 |
| Levered Free Cash Flow (TTM) | $-102,427,248 | $-84,516,512 |
| Dividends | ||
| Last 12-Month Dividend Yield | N/A | N/A |
| Last 12-Month Dividend | N/A | N/A |
Valuation & Enterprise Metrics Analysis: Freyr Battery Inc. vs Novonix Limited ADR
| Metric | FREY (May 17, 2025) | NVX (Apr 24, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | N/A | -1.33 |
| Forward P/E | -2.25 | -3.43 |
| PEG Ratio | -2.25 | -3.43 |
| Price to Sales (TTM) | 82.20 | 30.58 |
| Price to Book (MRQ) | 0.40 | 1.03 |
| Market Capitalization | ||
| Market Capitalization | $241.82M | $161.13M |
| Enterprise Value | $25.19M | $684.05M |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 8.56 | 121.78 |
| Enterprise to EBITDA | -0.22 | -14.16 |
| Risk & Other Metrics | ||
| Beta | 1.03 | 0.99 |
| Book Value per Share (MRQ) | $3.83 | $0.77 |
Financial Statements Comparison: Freyr Battery Inc. vs Novonix Limited ADR
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | FREY (2024) | NVX (2025) |
|---|---|---|
| Revenue/Sales | 2.94M | 5.62M |
| Cost of Goods Sold | 1.71M | 2.50M |
| COGS % of Revenue | 58.3% | 44.5% |
| Gross Profit | 1.23M | 3.12M |
| Gross Margin | 41.7% | 55.5% |
| Research & Development | N/A | 5.67M |
| Operating Income (EBIT) | -74.26M | -48.49M |
| Operating Margin | -2,524.2% | -863.2% |
| EBITDA | -48.18M | -42.88M |
| EBITDA Margin | -1,637.5% | -763.5% |
| Pre-Tax Income | -80.40M | -92.70M |
| Pre-Tax Income % of Revenue | -2,732.8% | -1,650.3% |
| Income Tax | -15.76M | 25,542 |
| Income Tax % of Revenue | -535.7% | 0.5% |
| Net Income (Profit) | -450.55M | -92.73M |
| Profit Margin | -15,314.5% | -1,650.8% |
Balance Sheet & Liquidity Metrics
| Metric | FREY (2024) | NVX (2025) |
|---|---|---|
| Cash & Equivalents | 72.64M | 79.87M |
| Total Current Assets | 583.17M | 89.16M |
| Total Current Assets % of Revenue | 19,822.2% | 1,587.3% |
| Total Current Liabilities | 414.02M | 83.56M |
| Total Current Liabilities % of Revenue | 14,072.9% | 1,487.6% |
| Long-Term Debt | 609.70M | 37.69M |
| Long-Term Debt % of Revenue | 20,723.9% | 671.0% |
| Total Shareholders Equity | 188.76M | 161.67M |
| Retained Earnings | -725.24M | -352.40M |
| Retained Earnings % of Revenue | -24,651.2% | -6,273.6% |
| Property, Plant & Equipment | 111.08M | N/A |
Cash Flow Statement Comparison
| Metric | FREY (2024) | NVX (2025) |
|---|---|---|
| Operating Cash Flow | -432.96M | -76.52M |
| Operating Cash Flow % of Revenue | -14,716.3% | -1,362.2% |
| Capital Expenditures | -28.10M | -60.18M |
| Free Cash Flow | -153.65M | -102.38M |
| FCF Margin | -5,222.5% | -1,822.7% |
| Debt Repayment | N/A | -1.80M |
| Common Stock Repurchase | N/A | N/A |
Short Interest & Institutional Ownership Analysis
| Metric | FREY | NVX |
|---|---|---|
| Shares Short | N/A | 4.08M |
| Short Ratio | N/A | 8.92 |
| Short % of Float | N/A | 1.91% |
| Shares Outstanding | 155.93M | 840.07M |
| Float Shares | 80.29M | 696.00M |
| % Held by Insiders | 29.38% | 0.00% |
| % Held by Institutions | 40.56% | 2.22% |
| % Held by Public | 30.06% | 97.78% |
Dividend Analysis & Yield Comparison: Freyr Battery Inc. vs Novonix Limited ADR
| Metric | FREY | NVX |
|---|---|---|
| Last 12-Month Dividend | N/A | N/A |
| Last 12-Month Dividend Yield | N/A | N/A |
| 3-Year Avg Annual Dividend | N/A | N/A |
| 3-Year Avg Dividend Yield | N/A | N/A |
| 3-Year Total Dividends | N/A | N/A |
| Ex-Dividend Date | N/A | N/A |