Lucara Diamond Corp.

TSX:LUC Stock Report

Market Cap: CA$246.0m

Lucara Diamond Past Earnings Performance

Past criteria checks 2/6

Lucara Diamond has been growing earnings at an average annual rate of 12.3%, while the Metals and Mining industry saw earnings growing at 21.4% annually. Revenues have been declining at an average rate of 3.8% per year. Lucara Diamond's return on equity is 2.9%, and it has net margins of 7.7%.

Key information

12.35%

Earnings growth rate

11.40%

EPS growth rate

Metals and Mining Industry Growth27.39%
Revenue growth rate-3.82%
Return on equity2.89%
Net Margin7.73%
Last Earnings Update31 Mar 2026

Recent past performance updates

Analysis Article Mar 03

Lucara Diamond's (TSE:LUC) Earnings May Just Be The Starting Point

Lucara Diamond Corp.'s ( TSE:LUC ) strong earnings report was rewarded with a positive stock price move. Our analysis...

Recent updates

New Narrative May 13

Underground Project And Large High Value Diamonds Will Support Long Term Upside Potential

Catalysts About Lucara Diamond Lucara Diamond is a diamond mining company focused on producing large, high value stones from its Karowe mine and advancing its Underground Project. What are the underlying business or industry changes driving this perspective?
Analysis Article Nov 25

Lacklustre Performance Is Driving Lucara Diamond Corp.'s (TSE:LUC) Low P/S

You may think that with a price-to-sales (or "P/S") ratio of 0.3x Lucara Diamond Corp. ( TSE:LUC ) is definitely a...
Analysis Article Aug 20

Lucara Diamond (TSE:LUC) Might Have The Makings Of A Multi-Bagger

TSX:LUC 1 Year Share Price vs Fair Value Explore Lucara Diamond's Fair Values from the Community and select yours If we...
Analysis Article May 13

Lucara Diamond Corp. (TSE:LUC) Not Doing Enough For Some Investors As Its Shares Slump 27%

Lucara Diamond Corp. ( TSE:LUC ) shareholders that were waiting for something to happen have been dealt a blow with a...
Analysis Article Mar 03

Lucara Diamond's (TSE:LUC) Earnings May Just Be The Starting Point

Lucara Diamond Corp.'s ( TSE:LUC ) strong earnings report was rewarded with a positive stock price move. Our analysis...
Analysis Article Jan 17

Lucara Diamond (TSE:LUC) Might Have The Makings Of A Multi-Bagger

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article Dec 20

Lucara Diamond Corp. (TSE:LUC) Doing What It Can To Lift Shares

You may think that with a price-to-sales (or "P/S") ratio of 0.9x Lucara Diamond Corp. ( TSE:LUC ) is a stock worth...
Analysis Article Sep 17

Here's Why Lucara Diamond (TSE:LUC) Is Weighed Down By Its Debt Load

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Aug 23

Lucara Diamond Corp.'s (TSE:LUC) Share Price Boosted 47% But Its Business Prospects Need A Lift Too

Lucara Diamond Corp. ( TSE:LUC ) shares have had a really impressive month, gaining 47% after a shaky period...
Analysis Article Feb 01

Lucara Diamond (TSE:LUC) Hasn't Managed To Accelerate Its Returns

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
Analysis Article Dec 08

Lucara Diamond (TSE:LUC) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Aug 16

Lucara Diamond's (TSE:LUC) Returns On Capital Not Reflecting Well On The Business

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Apr 29

Is Lucara Diamond (TSE:LUC) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Jan 10

Lucara Diamond (TSE:LUC) Has A Pretty Healthy Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Apr 23

A Look At The Fair Value Of Lucara Diamond Corp. (TSE:LUC)

Does the April share price for Lucara Diamond Corp. ( TSE:LUC ) reflect what it's really worth? Today, we will estimate...

Revenue & Expenses Breakdown

How Lucara Diamond makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSX:LUC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2615112190
31 Dec 2516026180
30 Sep 2520458170
30 Jun 2519751180
31 Mar 2519550180
31 Dec 2420444180
30 Sep 24161-19200
30 Jun 24173-8220
31 Mar 24171-14220
31 Dec 23172-5230
30 Sep 2317927220
30 Jun 2317217190
31 Mar 2318623200
31 Dec 2221340230
30 Sep 2222835250
30 Jun 2225146250
31 Mar 2224539240
31 Dec 2123024230
30 Sep 2121518220
30 Jun 211830210
31 Mar 21144-20220
31 Dec 20125-26220
30 Sep 20139-14210
30 Jun 20143-12230
31 Mar 201782230
31 Dec 1919313220
30 Sep 19177-2210
30 Jun 191787200
31 Mar 1920026200
31 Dec 1817612200
30 Sep 1817319230
30 Jun 1820547230
31 Mar 1822060230
31 Dec 1722165230
30 Sep 1725075240
30 Jun 1721038240
31 Mar 1727152250
31 Dec 1629571250
30 Sep 1629578220
30 Jun 16347126210
31 Mar 1624589180
31 Dec 1522478170
30 Sep 1522944160

Quality Earnings: LUC has high quality earnings.

Growing Profit Margin: LUC's current net profit margins (7.7%) are lower than last year (25.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LUC has become profitable over the past 5 years, growing earnings by 12.3% per year.

Accelerating Growth: LUC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LUC had negative earnings growth (-76.8%) over the past year, making it difficult to compare to the Metals and Mining industry average (129.4%).


Return on Equity

High ROE: LUC's Return on Equity (2.9%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 04:39
End of Day Share Price 2026/07/03 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Lucara Diamond Corp. is covered by 11 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard HatchBerenberg
Raj RayBMO Capital Markets Equity Research
Alexander Robert PearceBMO Capital Markets Equity Research