Lithium AmericasLAC -1.83%13 3-Year ROIIC % is 0.40 as of Dec. 2025, which is 74% below its 10-year median of 1.51. GuruFocus rates LAC with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 2,300 Metals & Mining companies, Lithium Americas ranks better than 56% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Lithium Americas's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 0.40%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Lithium Americas's 3-Year ROIIC % or its related term are showing as below:
LAC's 3-Year ROIIC % is ranked better than 56% of 2300
companies
in the Metals & Mining industry
Industry Median: -2.525
vs LAC: 0.40
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Lithium Americas 3-Year ROIIC % Related Terms
Lithium Americas 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Lithium Americas's 3-Year ROIIC % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Lithium Americas's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lithium Americas 3-Year ROIIC % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lithium Americas's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Lithium Americas's 3-Year ROIIC % falls into.
Lithium Americas's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( -52.841 (Dec. 2025) - -60.857 (Dec. 2022) )
/
( 1850.131 (Dec. 2025) - 70.197 (Dec. 2022) )
=
8.016
/
1779.934
=
0.45%***
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Lithium Americas (LAC) has a 3-Year ROIIC % of 0.40 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Lithium Americas and its competitors. This is 74% below median its historical median of 1.51. Over the past decade, Lithium Americas' 3-Year ROIIC % has ranged from 0.40 to 2.61. According to the industry distribution chart, Lithium Americas ranks #1012 out of 2300 companies in the Metals & Mining industry, placing it in the top 44%.
Is Lithium Americas' 3-Year ROIIC % too high?
Lithium Americas' current 3-Year ROIIC % of 0.40 is 74% below median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 2.61. Based on the distribution chart, Lithium Americas ranks #1012 out of 2300 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Lithium Americas has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Lithium Americas' 3-Year ROIIC % compare to competitors?
According to the Metals & Mining industry distribution chart, Lithium Americas ranks #1012 out of 2300 companies for 3-Year ROIIC %. This puts Lithium Americas in the upper half of its industry. Historically, Lithium Americas' own 3-Year ROIIC % has ranged from 0.40 to 2.61 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Metals & Mining company?
A good 3-Year ROIIC % depends on the Metals & Mining industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Lithium Americas and its competitors. Lithium Americas's current 3-Year ROIIC % is 0.40, which is 74% below median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lithium Americas stock overvalued right now?
Lithium Americas (LAC) has a current 3-Year ROIIC % of 0.40. The current 3-Year ROIIC % is 0.40, which is 74% below median its 10-year median of 1.51. Lithium Americas' overall GF Score™ is 13/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Lithium Americas (LAC), the current 3-Year ROIIC % is 0.40 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Lithium Americas Corp is a Canadian-based resource and materials company focused on developing, building and operating lithium deposits and chemical processing facilities. The company also holds investments in Green Technology Metals Limited (GT1) and Ascend Elements, Inc. (Ascend Elements), and exploration properties in the U.S. and Canada. The company's flagship asset is Thacker Pass, a sedimentary-based lithium deposit located in the McDermitt Caldera in Humboldt County, in northern Nevada (Thacker Pass or the Project). The company operates in only one operating segment and one geographical segment.
13GF Score
Get the complete analysis for LAC
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LAC has been successfully added to your 
