UECUranium Energy Corp.
Is the business good?
The checks split: nothing decisive, though 3 of 9 health tests passed.
Weak, deteriorating fundamentals. Nine pass/fail tests of year-over-year health from the filings.
Margins have held roughly steady, a stable cost structure.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is UEC?
Uranium Energy Corp. earns −12% 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% · 21 points below what the capital costs: growth destroys value
- Operating margin
- −357%
Operating margin · Uranium median −155% · 12 months to Q4 2026
- Gross margin
- 45%
Gross margin
| Year | Operating margin |
|---|---|
| FY2022 | −98% |
| FY2023 | 5.4% |
| FY2024 | −25179% |
| FY2025 | −110% |
| FY2026 | −357% |
Details›
- Gross margin12 months to Q4 2026
- 45%
- Operating margin12 months to Q4 2026
- −357%
- Net margin12 months to Q4 2026
- −369%
- Free cash flow margin
- −288%
- Revenue, trailing twelve months
- $37M
- Free cash flow, trailing twelve months
- −$107M
- Net income, trailing twelve months
- −$137M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −12%
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 UEC and who it buys from, as the companies report it.
- Customer B54%
Share of revenue · FY2026 10-K
- Customer F46%
Share of revenue · FY2026 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; UEC’s own figures are from its FY2026 10-K. Smaller customers and suppliers go unreported.