Electrovaya Past Earnings Performance
Past criteria checks 3/6
Electrovaya has been growing earnings at an average annual rate of 41.3%, while the Electrical industry saw earnings growing at 19.5% annually. Revenues have been growing at an average rate of 33.6% per year. Electrovaya's return on equity is 8%, and it has net margins of 7.1%.
Key information
41.31%
Earnings growth rate
40.71%
EPS growth rate
| Electrical Industry Growth | 30.99% |
| Revenue growth rate | 33.61% |
| Return on equity | 7.99% |
| Net Margin | 7.07% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Electrovaya's (TSE:ELVA) Earnings Are Of Questionable Quality
Feb 19
Improved Revenues Required Before Electrovaya Inc. (TSE:ELVA) Stock's 66% Jump Looks Justified
Dec 29Little Excitement Around Electrovaya Inc.'s (TSE:ELVA) Revenues As Shares Take 32% Pounding
Nov 14There's No Escaping Electrovaya Inc.'s (TSE:ELVA) Muted Revenues Despite A 25% Share Price Rise
Sep 14Electrovaya Inc. (TSE:ELVA) Shares Fly 38% But Investors Aren't Buying For Growth
Jul 28Electrovaya (TSE:ELVA) Takes On Some Risk With Its Use Of Debt
Jul 11
Jamestown Cell Manufacturing And Battery Insights Will Build Resilience
Electrovaya's strategic focus on diverse, recurring revenue streams and manufacturing expansion suggests potential for improved revenue growth and operational efficiency.Why Investors Shouldn't Be Surprised By Electrovaya Inc.'s (TSE:ELVA) Low P/S
May 16Is Electrovaya (TSE:ELVA) Using Too Much Debt?
Mar 19There's Been No Shortage Of Growth Recently For Electrovaya's (TSE:ELVA) Returns On Capital
Mar 05Electrovaya Inc. (TSE:ELVA) Stock Rockets 26% But Many Are Still Ignoring The Company
Nov 26Not Many Are Piling Into Electrovaya Inc. (TSE:ELVA) Just Yet
Sep 16Electrovaya Inc. (TSE:ELVA) Analysts Are Reducing Their Forecasts For Next Year
Aug 15Here's Why Electrovaya (TSE:ELVA) Has A Meaningful Debt Burden
Aug 03Market Cool On Electrovaya Inc.'s (TSE:ELVA) Revenues
May 21These 4 Measures Indicate That Electrovaya (TSE:ELVA) Is Using Debt Extensively
Dec 05Is Electrovaya (TSE:ELVA) A Risky Investment?
Aug 30Revenue & Expenses Breakdown
How Electrovaya makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 68 | 5 | 8 | 5 |
| 30 Sep 25 | 64 | 3 | 8 | 4 |
| 30 Jun 25 | 55 | 1 | 8 | 4 |
| 31 Mar 25 | 48 | 0 | 9 | 3 |
| 31 Dec 24 | 44 | -2 | 9 | 3 |
| 30 Sep 24 | 45 | -1 | 9 | 3 |
| 30 Jun 24 | 49 | 1 | 9 | 4 |
| 31 Mar 24 | 50 | 0 | 8 | 3 |
| 31 Dec 23 | 48 | 1 | 7 | 3 |
| 30 Sep 23 | 44 | -1 | 7 | 3 |
| 30 Jun 23 | 34 | -7 | 9 | 3 |
| 31 Mar 23 | 28 | -8 | 9 | 3 |
| 31 Dec 22 | 24 | -10 | 8 | 4 |
| 30 Sep 22 | 16 | -9 | 7 | 3 |
| 30 Jun 22 | 14 | -8 | 5 | 5 |
| 31 Mar 22 | 12 | -8 | 5 | 5 |
| 31 Dec 21 | 10 | -8 | 5 | 4 |
| 30 Sep 21 | 12 | -8 | 4 | 5 |
| 30 Jun 21 | 14 | -6 | 4 | 3 |
| 31 Mar 21 | 17 | 0 | 3 | 3 |
| 31 Dec 20 | 16 | 1 | 3 | 3 |
| 30 Sep 20 | 15 | 1 | 3 | 3 |
| 30 Jun 20 | 8 | -1 | 4 | 3 |
| 31 Mar 20 | 4 | -7 | 4 | 3 |
| 31 Dec 19 | 4 | -8 | 4 | 2 |
| 30 Sep 19 | 5 | -3 | 4 | 3 |
| 30 Jun 19 | 6 | -3 | 3 | 3 |
| 31 Mar 19 | 5 | -4 | 3 | 4 |
| 31 Dec 18 | 7 | -5 | 4 | 4 |
| 30 Sep 18 | 6 | -10 | 4 | 4 |
| 30 Jun 18 | 5 | -9 | 3 | 3 |
| 31 Mar 18 | 5 | -9 | 3 | 3 |
| 31 Dec 17 | 2 | -7 | 0 | 3 |
| 30 Sep 17 | 2 | -5 | -1 | 3 |
| 30 Jun 17 | 6 | -9 | 2 | 4 |
| 31 Mar 17 | 8 | -10 | 3 | 5 |
| 31 Dec 16 | 12 | -13 | 5 | 6 |
| 30 Sep 16 | 20 | -9 | 5 | 6 |
| 30 Jun 16 | 25 | -2 | 3 | 6 |
| 31 Mar 16 | 28 | 0 | 3 | 6 |
| 31 Dec 15 | 25 | 2 | 2 | 4 |
| 30 Sep 15 | 17 | -3 | 2 | 5 |
| 30 Jun 15 | 8 | -5 | 2 | 4 |
Quality Earnings: ELVA has high quality earnings.
Growing Profit Margin: ELVA became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ELVA has become profitable over the past 5 years, growing earnings by 41.3% per year.
Accelerating Growth: ELVA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ELVA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (15.3%).
Return on Equity
High ROE: ELVA's Return on Equity (8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/04/14 21:46 |
| End of Day Share Price | 2026/04/14 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Electrovaya Inc. is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ATB Cormark Historical (Cormark Securities) |
| Carter Driscoll | B. Riley Securities, Inc. |
| Michael Willemse | CIBC Capital Markets |