UAMYUnited States Antimony Corporation
Is the business good?
The checks split: nothing decisive, though margins compressing.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is UAMY?
United States Antimony Corporation earns −14% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 23 points below what the capital costs: growth destroys value
- Operating margin
- −64%
Operating margin · Other Industrial Metals & Mining median −10% · 12 months to Q2 2026
- Share count, year on year
- +19%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 17%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −63% |
| FY2021 | −8.5% |
| FY2022 | 3.1% |
| FY2023 | −81% |
| FY2024 | −16% |
| FY2025 | −22% |
Details›
- Gross margin12 months to Q2 2026
- 17%
- Operating margin12 months to Q2 2026
- −64%
- Net margin12 months to Q2 2026
- −45%
- Free cash flow margin
- −196%
- Revenue, trailing twelve months
- $36M
- Free cash flow, trailing twelve months
- −$71M
- Net income, trailing twelve months
- −$16M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −14%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from UAMY and who it buys from, as the companies report it.
- Three largest customers80%
Combined share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; UAMY’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.
Other Industrial Metals & Mining
Ranks #21 of 22 by RyuScore