Is ELUT or IXHL more profitable?

ELUT runs the higher net margin — ELUT at 426.93% versus IXHL at 0.00%.

Elutia Inc (ELUT) vs Incannex Healthcare Limited (IXHL)

A side-by-side comparison of Elutia Inc and Incannex Healthcare Limited across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

ELUT

Elutia Inc

$34M

$0.78HealthcareDelayed quote: Oct 6, 2026, 3:35 PM EDT

IXHL

Incannex Healthcare Limited

$38M

$3.16HealthcareDelayed quote: Oct 6, 2026, 3:34 PM EDT

Total return — ELUT vs IXHL

growth of $100 · dividends reinvested · last 5y

ELUT -88.2% (-34.8%/yr)IXHL -99.8% (-71.8%/yr)ELUT compounded faster over this window

Log scale — wide-divergence pair

ELUT IXHL

ELUT vs IXHL: by the numbers

•IXHL is the larger company ($38M vs $34M market cap).
•ELUT is profitable (426.93% net margin) while IXHL runs a net loss (0.00%).

Metrics side by side

Valuation

Metric	ELUT	IXHL
P/E ratio	0.83	N/A
P/S ratio	2.84	N/A
P/B ratio	2.19	0.56

Profitability

Metric	ELUT	IXHL
Gross margin	57.82%	0.00%
Operating margin	-149.78%	0.00%
Net margin	426.93%	0.00%
ROE	329.02%	-28.65%
ROIC	-79.27%	-32.18%

Growth (annualized)

Metric	ELUT	IXHL
Revenue CAGR (5Y)	-22.04%	N/A
Total return CAGR (5Y)	-33.96%	N/A

Frequently asked

Is ELUT or IXHL more profitable?: ELUT runs the higher net margin — ELUT at 426.93% versus IXHL at 0.00%.

Go deeper

Full ELUT analysis Full IXHL analysis Interactive comparison tool

Dig into the metrics

Elutia P/E ratio Elutia ROE Incannex Healthcare ROE Elutia operating margin Incannex Healthcare operating margin Elutia revenue growth Incannex Healthcare revenue growth Elutia free cash flow Incannex Healthcare free cash flow

Elutia & Incannex Healthcare appear in these rankings

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Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.