Annual Income Statements for MP Materials
This table shows MP Materials' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for MP Materials
This table shows MP Materials' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
63 |
67 |
37 |
7.40 |
-4.28 |
-16 |
16 |
-34 |
-26 |
-22 |
Consolidated Net Income / (Loss) |
|
63 |
67 |
37 |
7.40 |
-4.28 |
-16 |
16 |
-34 |
-26 |
-22 |
Net Income / (Loss) Continuing Operations |
|
63 |
67 |
37 |
7.40 |
-4.28 |
-16 |
16 |
-34 |
-26 |
-22 |
Total Pre-Tax Income |
|
84 |
47 |
45 |
13 |
-4.48 |
-21 |
24 |
-48 |
-35 |
-34 |
Total Revenue |
|
124 |
88 |
-1.36 |
-1.39 |
-1.40 |
252 |
43 |
-6.75 |
-6.65 |
204 |
Net Interest Income / (Expense) |
|
0.00 |
-5.79 |
-1.36 |
-1.39 |
-1.40 |
-1.11 |
-2.86 |
-6.75 |
-6.65 |
-6.76 |
Total Interest Expense |
|
0.00 |
5.79 |
1.36 |
1.39 |
1.40 |
1.11 |
2.86 |
6.75 |
6.65 |
6.76 |
Long-Term Debt Interest Expense |
|
- |
- |
1.36 |
1.39 |
1.40 |
1.11 |
2.86 |
6.75 |
6.65 |
6.76 |
Total Non-Interest Income |
|
124 |
94 |
0.00 |
0.00 |
0.00 |
253 |
46 |
0.00 |
0.00 |
211 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.00 |
0.26 |
0.00 |
0.00 |
0.00 |
- |
46 |
0.00 |
0.00 |
6.65 |
Total Non-Interest Expense |
|
47 |
52 |
-33 |
-0.48 |
18 |
287 |
32 |
53 |
40 |
248 |
Marketing Expense |
|
2.63 |
-1.96 |
3.61 |
3.10 |
2.87 |
5.35 |
4.21 |
1.89 |
2.05 |
1.16 |
Other Operating Expenses |
|
42 |
-44 |
51 |
48 |
50 |
-42 |
59 |
65 |
81 |
-111 |
Depreciation Expense |
|
2.10 |
5.59 |
8.12 |
12 |
17 |
19 |
18 |
18 |
19 |
22 |
Nonoperating Income / (Expense), net |
|
6.17 |
11 |
14 |
14 |
14 |
14 |
13 |
12 |
11 |
10 |
Income Tax Expense |
|
21 |
-20 |
7.85 |
5.52 |
-0.20 |
-4.40 |
7.14 |
-14 |
-9.35 |
-12 |
Basic Earnings per Share |
|
$0.36 |
$0.37 |
$0.21 |
$0.04 |
($0.02) |
($0.09) |
$0.09 |
($0.21) |
($0.16) |
($0.11) |
Weighted Average Basic Shares Outstanding |
|
176.54M |
176.52M |
176.88M |
176.98M |
177.23M |
177.18M |
174.56M |
165.34M |
164.15M |
166.84M |
Diluted Earnings per Share |
|
$0.33 |
$0.36 |
$0.20 |
$0.04 |
($0.02) |
($0.08) |
($0.08) |
($0.21) |
($0.16) |
($0.12) |
Weighted Average Diluted Shares Outstanding |
|
193.41M |
193.45M |
193.61M |
177.86M |
177.23M |
178.15M |
186.79M |
165.34M |
164.15M |
169.88M |
Weighted Average Basic & Diluted Shares Outstanding |
|
177.54M |
177.62M |
177.62M |
177.65M |
177.82M |
178.08M |
165.32M |
165.38M |
163.21M |
163.44M |
Annual Cash Flow Statements for MP Materials
This table details how cash moves in and out of MP Materials' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
1.09 |
503 |
649 |
-1,038 |
121 |
19 |
Net Cash From Operating Activities |
|
-0.44 |
3.28 |
102 |
344 |
63 |
13 |
Net Cash From Continuing Operating Activities |
|
-0.44 |
3.28 |
102 |
344 |
63 |
13 |
Net Income / (Loss) Continuing Operations |
|
-6.76 |
-22 |
135 |
289 |
24 |
-65 |
Consolidated Net Income / (Loss) |
|
-6.76 |
-22 |
135 |
289 |
24 |
-65 |
Depreciation Expense |
|
4.69 |
6.93 |
24 |
18 |
56 |
78 |
Amortization Expense |
|
1.00 |
3.15 |
7.38 |
-5.92 |
-23 |
-26 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1.28 |
53 |
-31 |
20 |
29 |
-3.36 |
Changes in Operating Assets and Liabilities, net |
|
1.91 |
-38 |
-34 |
22 |
-24 |
30 |
Net Cash From Investing Activities |
|
5.62 |
-22 |
-119 |
-1,357 |
69 |
10 |
Net Cash From Continuing Investing Activities |
|
5.62 |
-22 |
-119 |
-1,357 |
69 |
10 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-2.27 |
-22 |
-124 |
-327 |
-262 |
-186 |
Purchase of Investment Securities |
|
- |
0.00 |
0.00 |
-2,780 |
-1,195 |
-1,568 |
Sale of Property, Leasehold Improvements and Equipment |
|
7.90 |
0.00 |
0.13 |
0.00 |
0.02 |
0.00 |
Sale and/or Maturity of Investments |
|
0.00 |
0.00 |
4.38 |
1,749 |
1,523 |
1,764 |
Other Investing Activities, net |
|
- |
0.00 |
0.00 |
0.00 |
2.80 |
0.00 |
Net Cash From Financing Activities |
|
-4.10 |
522 |
666 |
-24 |
-9.92 |
-4.79 |
Net Cash From Continuing Financing Activities |
|
-4.10 |
522 |
666 |
-24 |
-9.92 |
-4.79 |
Issuance of Debt |
|
7.24 |
39 |
690 |
0.00 |
0.00 |
748 |
Repayment of Debt |
|
-11 |
-20 |
-20 |
-5.83 |
-2.73 |
-452 |
Repurchase of Common Equity |
|
- |
- |
- |
0.00 |
0.00 |
-225 |
Other Financing Activities, Net |
|
0.00 |
503 |
-3.71 |
-18 |
-7.19 |
-75 |
Quarterly Cash Flow Statements for MP Materials
This table details how cash moves in and out of MP Materials' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-231 |
-291 |
511 |
275 |
-380 |
-284 |
33 |
-0.46 |
-11 |
-1.99 |
Net Cash From Operating Activities |
|
95 |
29 |
55 |
9.97 |
11 |
-14 |
-41 |
31 |
-6.84 |
30 |
Net Cash From Continuing Operating Activities |
|
95 |
29 |
55 |
9.97 |
11 |
-14 |
-41 |
31 |
-6.84 |
30 |
Net Income / (Loss) Continuing Operations |
|
63 |
67 |
37 |
7.40 |
-4.28 |
-16 |
16 |
-34 |
-26 |
-22 |
Consolidated Net Income / (Loss) |
|
63 |
67 |
37 |
7.40 |
-4.28 |
-16 |
16 |
-34 |
-26 |
-22 |
Depreciation Expense |
|
2.10 |
5.59 |
8.12 |
12 |
17 |
19 |
18 |
18 |
19 |
22 |
Amortization Expense |
|
-2.03 |
-5.16 |
-7.96 |
-4.21 |
-2.52 |
-8.10 |
-7.58 |
-6.85 |
-6.38 |
-5.55 |
Non-Cash Adjustments to Reconcile Net Income |
|
8.22 |
7.12 |
7.24 |
6.07 |
6.83 |
9.11 |
-33 |
18 |
3.81 |
7.24 |
Changes in Operating Assets and Liabilities, net |
|
23 |
-45 |
11 |
-11 |
-5.77 |
-17 |
-36 |
35 |
1.89 |
29 |
Net Cash From Investing Activities |
|
-325 |
-315 |
462 |
266 |
-390 |
-269 |
41 |
-30 |
21 |
-22 |
Net Cash From Continuing Investing Activities |
|
-325 |
-315 |
462 |
266 |
-390 |
-269 |
41 |
-30 |
21 |
-22 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-92 |
-112 |
-74 |
-56 |
-59 |
-73 |
-52 |
-46 |
-46 |
-42 |
Purchase of Investment Securities |
|
-759 |
-1,421 |
-321 |
- |
-384 |
-490 |
-391 |
-443 |
-317 |
-417 |
Sale and/or Maturity of Investments |
|
526 |
1,218 |
858 |
322 |
53 |
291 |
483 |
460 |
384 |
437 |
Net Cash From Financing Activities |
|
-0.65 |
-4.76 |
-6.82 |
-0.78 |
-0.98 |
-1.34 |
33 |
-1.55 |
-25 |
-11 |
Net Cash From Continuing Financing Activities |
|
-0.65 |
-4.76 |
-6.82 |
-0.78 |
-0.98 |
-1.34 |
33 |
-1.55 |
-25 |
-11 |
Repayment of Debt |
|
-0.65 |
-0.70 |
-0.85 |
-0.62 |
-0.63 |
-0.63 |
-445 |
-1.38 |
-0.57 |
-5.29 |
Other Financing Activities, Net |
|
- |
-4.06 |
-5.98 |
-0.16 |
-0.34 |
-0.71 |
-69 |
-0.18 |
-0.45 |
-5.54 |
Annual Balance Sheets for MP Materials
This table presents MP Materials' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
102 |
1,074 |
1,890 |
2,238 |
2,336 |
2,334 |
Cash and Due from Banks |
|
2.76 |
520 |
1,179 |
137 |
263 |
282 |
Trading Account Securities |
|
- |
- |
0.00 |
1,046 |
734 |
568 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
46 |
502 |
611 |
936 |
1,158 |
1,251 |
Intangible Assets |
|
- |
- |
- |
0.09 |
8.88 |
7.37 |
Other Assets |
|
26 |
44 |
100 |
120 |
172 |
224 |
Total Liabilities & Shareholders' Equity |
|
102 |
1,074 |
1,890 |
2,238 |
2,336 |
2,334 |
Total Liabilities |
|
120 |
220 |
881 |
925 |
971 |
1,279 |
Short-Term Debt |
|
7.71 |
24 |
20 |
36 |
28 |
24 |
Accrued Interest Payable |
|
- |
- |
- |
57 |
74 |
65 |
Other Short-Term Payables |
|
24 |
19 |
40 |
4.05 |
6.62 |
76 |
Long-Term Debt |
|
0.00 |
0.96 |
675 |
678 |
682 |
909 |
Other Long-Term Liabilities |
|
89 |
176 |
146 |
149 |
180 |
206 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
-18 |
854 |
1,009 |
1,313 |
1,366 |
1,055 |
Total Preferred & Common Equity |
|
-18 |
854 |
1,009 |
1,313 |
1,366 |
1,055 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
-18 |
854 |
1,009 |
1,313 |
1,366 |
1,055 |
Common Stock |
|
23 |
916 |
936 |
951 |
980 |
961 |
Retained Earnings |
|
-41 |
-63 |
72 |
361 |
386 |
320 |
Treasury Stock |
|
- |
- |
- |
- |
0.00 |
-227 |
Accumulated Other Comprehensive Income / (Loss) |
|
- |
- |
0.00 |
0.19 |
0.15 |
0.17 |
Quarterly Balance Sheets for MP Materials
This table presents MP Materials' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
2,189 |
2,281 |
2,289 |
2,322 |
2,354 |
2,364 |
2,300 |
Cash and Due from Banks |
|
428 |
651 |
927 |
548 |
296 |
296 |
284 |
Trading Account Securities |
|
836 |
518 |
201 |
537 |
9.65 |
9.34 |
8.96 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Premises and Equipment, Net |
|
830 |
1,002 |
1,045 |
1,098 |
1,196 |
1,217 |
1,231 |
Intangible Assets |
|
- |
- |
- |
9.18 |
8.58 |
8.28 |
7.97 |
Other Assets |
|
95 |
110 |
106 |
131 |
843 |
834 |
768 |
Total Liabilities & Shareholders' Equity |
|
2,189 |
2,281 |
2,289 |
2,322 |
2,354 |
2,364 |
2,300 |
Total Liabilities |
|
947 |
929 |
925 |
946 |
1,216 |
1,255 |
1,236 |
Short-Term Debt |
|
0.00 |
21 |
0.00 |
0.00 |
26 |
20 |
22 |
Accrued Interest Payable |
|
- |
- |
- |
- |
74 |
75 |
66 |
Other Short-Term Payables |
|
75 |
73 |
75 |
97 |
7.42 |
63 |
59 |
Long-Term Debt |
|
678 |
679 |
680 |
681 |
936 |
937 |
938 |
Other Long-Term Liabilities |
|
195 |
156 |
161 |
168 |
173 |
161 |
151 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,242 |
1,352 |
1,365 |
1,376 |
1,138 |
1,109 |
1,065 |
Total Preferred & Common Equity |
|
1,242 |
1,352 |
1,365 |
1,376 |
1,138 |
1,109 |
1,065 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
1,242 |
1,352 |
1,365 |
1,376 |
1,138 |
1,109 |
1,065 |
Common Stock |
|
948 |
953 |
959 |
974 |
938 |
944 |
949 |
Retained Earnings |
|
294 |
399 |
406 |
402 |
402 |
368 |
343 |
Treasury Stock |
|
- |
- |
- |
- |
-203 |
-203 |
-227 |
Accumulated Other Comprehensive Income / (Loss) |
|
-0.10 |
0.13 |
-0.17 |
-0.03 |
-0.13 |
-0.09 |
0.30 |
Annual Metrics And Ratios for MP Materials
This table displays calculated financial ratios and metrics derived from MP Materials' official financial filings.
Metric |
|
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.00% |
-3.44% |
391.10% |
57.17% |
-52.43% |
-5.82% |
EBITDA Growth |
|
0.00% |
-2,680.02% |
735.08% |
77.49% |
-97.02% |
-982.10% |
EBIT Growth |
|
0.00% |
-487.98% |
493.94% |
105.59% |
-107.14% |
-507.34% |
NOPAT Growth |
|
0.00% |
-487.98% |
574.39% |
106.61% |
-106.20% |
-478.50% |
Net Income Growth |
|
0.00% |
-223.09% |
718.73% |
114.02% |
-91.59% |
-369.16% |
EPS Growth |
|
0.00% |
-170.00% |
370.37% |
108.22% |
-90.79% |
-507.14% |
Operating Cash Flow Growth |
|
0.00% |
849.89% |
3,011.72% |
236.87% |
-81.75% |
-78.71% |
Free Cash Flow Firm Growth |
|
0.00% |
0.00% |
24.57% |
92.50% |
-25.37% |
86.04% |
Invested Capital Growth |
|
0.00% |
8,630.37% |
93.70% |
19.04% |
2.38% |
-4.27% |
Revenue Q/Q Growth |
|
0.00% |
0.00% |
56.66% |
-2.14% |
177.76% |
-18.72% |
EBITDA Q/Q Growth |
|
0.00% |
0.00% |
37.98% |
-6.87% |
-85.92% |
-3.92% |
EBIT Q/Q Growth |
|
0.00% |
0.00% |
45.03% |
-5.43% |
-147.96% |
-7.18% |
NOPAT Q/Q Growth |
|
0.00% |
0.00% |
19.71% |
3.11% |
-133.04% |
-7.18% |
Net Income Q/Q Growth |
|
0.00% |
0.00% |
22.58% |
6.65% |
-77.40% |
-10.25% |
EPS Q/Q Growth |
|
0.00% |
0.00% |
-17.98% |
7.04% |
-75.86% |
-7.55% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
37.69% |
-0.70% |
-40.61% |
143.19% |
Free Cash Flow Firm Q/Q Growth |
|
0.00% |
0.00% |
0.00% |
-545.21% |
24.51% |
84.30% |
Invested Capital Q/Q Growth |
|
0.00% |
0.00% |
2.15% |
5.61% |
0.90% |
-1.81% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
-1.52% |
-43.84% |
56.70% |
64.03% |
4.01% |
-37.57% |
EBIT Margin |
|
-9.65% |
-58.75% |
47.13% |
61.65% |
-9.26% |
-59.69% |
Profit (Net Income) Margin |
|
-9.65% |
-32.29% |
40.68% |
55.39% |
9.79% |
-27.99% |
Tax Burden Percent |
|
100.01% |
55.31% |
84.30% |
84.71% |
73.49% |
70.09% |
Interest Burden Percent |
|
100.00% |
99.37% |
102.40% |
106.07% |
-143.97% |
66.90% |
Effective Tax Rate |
|
0.00% |
0.00% |
15.70% |
15.29% |
26.51% |
0.00% |
Return on Invested Capital (ROIC) |
|
0.00% |
-6.40% |
10.21% |
14.61% |
-0.82% |
-4.81% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
29.64% |
11.09% |
16.95% |
4.96% |
-0.88% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
1.18% |
4.29% |
10.29% |
2.64% |
-0.60% |
Return on Equity (ROE) |
|
37.48% |
-5.22% |
14.50% |
24.90% |
1.82% |
-5.41% |
Cash Return on Invested Capital (CROIC) |
|
0.00% |
-104.33% |
-53.59% |
-2.78% |
-3.17% |
-0.45% |
Operating Return on Assets (OROA) |
|
-6.64% |
-6.75% |
10.56% |
15.58% |
-1.00% |
-5.98% |
Return on Assets (ROA) |
|
-6.64% |
-3.71% |
9.11% |
14.00% |
1.06% |
-2.80% |
Return on Common Equity (ROCE) |
|
37.48% |
-5.22% |
14.50% |
24.90% |
1.82% |
-5.41% |
Return on Equity Simple (ROE_SIMPLE) |
|
37.48% |
-2.56% |
13.39% |
22.02% |
1.78% |
-6.20% |
Net Operating Profit after Tax (NOPAT) |
|
-4.73 |
-28 |
132 |
272 |
-17 |
-98 |
NOPAT Margin |
|
-6.75% |
-41.13% |
39.73% |
52.22% |
-6.80% |
-41.78% |
Net Nonoperating Expense Percent (NNEP) |
|
26.28% |
-36.04% |
-0.88% |
-2.35% |
-5.78% |
-3.93% |
SG&A Expenses to Revenue |
|
0.00% |
0.21% |
1.26% |
0.81% |
6.02% |
3.98% |
Operating Expenses to Revenue |
|
109.65% |
158.75% |
52.87% |
38.35% |
109.26% |
159.69% |
Earnings before Interest and Taxes (EBIT) |
|
-6.75 |
-40 |
156 |
322 |
-23 |
-140 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
-1.07 |
-30 |
188 |
334 |
9.96 |
-88 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
1.62 |
8.00 |
3.28 |
2.58 |
2.41 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
1.62 |
8.00 |
3.28 |
2.60 |
2.43 |
Price to Revenue (P/Rev) |
|
4.29 |
20.52 |
24.32 |
8.26 |
14.22 |
10.89 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
59.79 |
14.92 |
145.21 |
0.00 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
0.00% |
0.00% |
1.67% |
6.70% |
0.69% |
0.00% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
1.01 |
4.46 |
2.41 |
1.92 |
1.61 |
Enterprise Value to Revenue (EV/Rev) |
|
3.97 |
13.08 |
22.86 |
9.37 |
16.02 |
13.67 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
40.32 |
14.64 |
399.38 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
48.51 |
15.20 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
57.54 |
17.94 |
0.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
269.76 |
74.42 |
14.23 |
63.42 |
239.41 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
-0.43 |
0.03 |
0.69 |
0.54 |
0.52 |
0.88 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.67 |
0.52 |
0.50 |
0.86 |
Financial Leverage |
|
-0.43 |
0.04 |
0.39 |
0.61 |
0.53 |
0.68 |
Leverage Ratio |
|
-5.65 |
1.41 |
1.59 |
1.78 |
1.71 |
1.93 |
Compound Leverage Factor |
|
-5.65 |
1.40 |
1.63 |
1.89 |
-2.46 |
1.29 |
Debt to Total Capital |
|
-74.84% |
2.89% |
40.77% |
35.26% |
34.20% |
46.92% |
Short-Term Debt to Total Capital |
|
-74.84% |
2.78% |
1.15% |
1.80% |
1.35% |
1.19% |
Long-Term Debt to Total Capital |
|
0.00% |
0.11% |
39.63% |
33.46% |
32.85% |
45.73% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
174.84% |
97.11% |
59.23% |
64.74% |
65.80% |
53.08% |
Debt to EBITDA |
|
-7.24 |
-0.86 |
3.69 |
2.14 |
71.31 |
-10.62 |
Net Debt to EBITDA |
|
20.48 |
16.98 |
-2.58 |
1.73 |
44.86 |
-7.40 |
Long-Term Debt to EBITDA |
|
0.00 |
-0.03 |
3.59 |
2.03 |
68.50 |
-10.35 |
Debt to NOPAT |
|
-1.63 |
-0.91 |
5.27 |
2.62 |
-42.05 |
-9.55 |
Net Debt to NOPAT |
|
4.62 |
18.11 |
-3.68 |
2.12 |
-26.45 |
-6.65 |
Long-Term Debt to NOPAT |
|
0.00 |
-0.03 |
5.12 |
2.49 |
-40.39 |
-9.30 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
0.00 |
-917 |
-692 |
-52 |
-65 |
-9.08 |
Operating Cash Flow to CapEx |
|
0.00% |
14.65% |
82.40% |
105.18% |
23.94% |
7.16% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
-8.97 |
-12.38 |
-0.39 |
Operating Cash Flow to Interest Expense |
|
-0.13 |
0.00 |
0.00 |
59.37 |
11.93 |
0.58 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.52 |
0.00 |
0.00 |
2.92 |
-37.91 |
-7.52 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.69 |
0.11 |
0.22 |
0.25 |
0.11 |
0.10 |
Fixed Asset Turnover |
|
1.51 |
0.25 |
0.60 |
0.67 |
0.24 |
0.19 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
Invested Capital |
|
-10 |
879 |
1,703 |
2,028 |
2,076 |
1,987 |
Invested Capital Turnover |
|
-6.79 |
0.16 |
0.26 |
0.28 |
0.12 |
0.12 |
Increase / (Decrease) in Invested Capital |
|
0.00 |
890 |
824 |
324 |
48 |
-89 |
Enterprise Value (EV) |
|
278 |
884 |
7,588 |
4,889 |
3,976 |
3,196 |
Market Capitalization |
|
300 |
1,387 |
8,073 |
4,311 |
3,530 |
2,546 |
Book Value per Share |
|
($0.27) |
$19.80 |
$5.68 |
$7.39 |
$7.68 |
$6.46 |
Tangible Book Value per Share |
|
($0.27) |
$19.80 |
$5.68 |
$7.39 |
$7.63 |
$6.42 |
Total Capital |
|
-10 |
879 |
1,703 |
2,028 |
2,076 |
1,987 |
Total Debt |
|
7.71 |
25 |
694 |
715 |
710 |
932 |
Total Long-Term Debt |
|
0.00 |
0.96 |
675 |
678 |
682 |
909 |
Net Debt |
|
-22 |
-503 |
-485 |
578 |
447 |
650 |
Capital Expenditures (CapEx) |
|
-5.62 |
22 |
124 |
327 |
262 |
186 |
Net Nonoperating Expense (NNE) |
|
2.03 |
-5.97 |
-3.16 |
-17 |
-41 |
-32 |
Net Nonoperating Obligations (NNO) |
|
7.71 |
25 |
694 |
715 |
710 |
932 |
Total Depreciation and Amortization (D&A) |
|
5.69 |
10 |
32 |
12 |
33 |
52 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.00 |
($0.27) |
$0.78 |
$1.64 |
$0.14 |
($0.39) |
Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
170.74M |
173.47M |
176.52M |
177.18M |
166.84M |
Adjusted Diluted Earnings per Share |
|
$0.00 |
($0.27) |
$0.73 |
$1.52 |
$0.14 |
($0.57) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
170.74M |
189.84M |
193.45M |
178.15M |
169.88M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
($0.27) |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
79.69M |
177.52M |
177.62M |
178.08M |
163.44M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
-7.72 |
-28 |
132 |
272 |
-17 |
-98 |
Normalized NOPAT Margin |
|
-11.03% |
-41.13% |
39.73% |
52.22% |
-6.80% |
-41.78% |
Pre Tax Income Margin |
|
-9.65% |
-58.38% |
48.26% |
65.39% |
13.33% |
-39.93% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-1.98 |
0.00 |
0.00 |
55.59 |
-4.37 |
-6.06 |
NOPAT to Interest Expense |
|
-1.39 |
0.00 |
0.00 |
47.09 |
-3.21 |
-4.24 |
EBIT Less CapEx to Interest Expense |
|
-0.33 |
0.00 |
0.00 |
-0.86 |
-54.22 |
-14.17 |
NOPAT Less CapEx to Interest Expense |
|
0.26 |
0.00 |
0.00 |
-9.36 |
-53.06 |
-12.35 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-344.01% |
Quarterly Metrics And Ratios for MP Materials
This table displays calculated financial ratios and metrics derived from MP Materials' official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
24.75% |
-11.49% |
-100.82% |
-100.97% |
-101.12% |
187.67% |
3,294.11% |
-384.55% |
-376.07% |
-19.26% |
EBITDA Growth |
|
28.89% |
-40.24% |
-73.48% |
-92.89% |
-106.02% |
-166.17% |
-31.43% |
-789.61% |
-607.13% |
-13.68% |
EBIT Growth |
|
51.44% |
-33.81% |
-72.06% |
-100.96% |
-124.29% |
-196.13% |
-65.27% |
-6,526.73% |
-143.96% |
-26.90% |
NOPAT Growth |
|
37.16% |
5.15% |
-69.41% |
-100.73% |
-122.64% |
-147.29% |
-70.69% |
-7,999.40% |
-143.96% |
-26.90% |
Net Income Growth |
|
47.74% |
36.78% |
-56.23% |
-89.91% |
-106.77% |
-124.26% |
-55.97% |
-560.51% |
-496.73% |
-37.41% |
EPS Growth |
|
43.48% |
38.46% |
-55.56% |
-89.47% |
-106.06% |
-122.22% |
-140.00% |
-625.00% |
-700.00% |
-50.00% |
Operating Cash Flow Growth |
|
320.35% |
-7.66% |
-54.13% |
-89.92% |
-88.34% |
-147.37% |
-174.11% |
209.41% |
-162.10% |
321.15% |
Free Cash Flow Firm Growth |
|
85.00% |
64.78% |
-163.41% |
-31.96% |
22.42% |
73.44% |
84.48% |
68.51% |
100.63% |
179.62% |
Invested Capital Growth |
|
15.15% |
19.04% |
15.86% |
10.70% |
7.15% |
2.38% |
2.30% |
0.99% |
-1.62% |
-4.27% |
Revenue Q/Q Growth |
|
-13.32% |
-29.51% |
-101.45% |
-2.43% |
-0.29% |
18,175.79% |
-78.80% |
-115.54% |
1.47% |
3,165.59% |
EBITDA Q/Q Growth |
|
-21.77% |
-53.12% |
-13.14% |
-77.69% |
-166.29% |
-415.07% |
190.01% |
-324.38% |
32.03% |
17.19% |
EBIT Q/Q Growth |
|
-17.46% |
-53.64% |
-12.54% |
-102.88% |
-1,982.73% |
-83.47% |
131.60% |
-648.81% |
23.33% |
4.56% |
NOPAT Q/Q Growth |
|
-18.23% |
-12.17% |
-49.19% |
-101.99% |
-2,445.58% |
-83.47% |
131.50% |
-650.61% |
23.33% |
4.56% |
Net Income Q/Q Growth |
|
-13.77% |
6.06% |
-44.11% |
-80.25% |
-157.82% |
-280.24% |
201.41% |
-306.53% |
25.07% |
12.44% |
EPS Q/Q Growth |
|
-13.16% |
9.09% |
-44.44% |
-80.00% |
-150.00% |
-300.00% |
0.00% |
-162.50% |
23.81% |
25.00% |
Operating Cash Flow Q/Q Growth |
|
-4.38% |
-69.23% |
90.72% |
-82.04% |
10.56% |
-225.04% |
-198.43% |
174.99% |
-122.19% |
545.31% |
Free Cash Flow Firm Q/Q Growth |
|
-29.16% |
-40.66% |
6.67% |
22.18% |
24.06% |
51.84% |
45.48% |
-57.93% |
101.52% |
5,965.18% |
Invested Capital Q/Q Growth |
|
3.92% |
5.61% |
1.22% |
-0.35% |
0.59% |
0.90% |
1.14% |
-1.62% |
-2.01% |
-1.81% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
62.68% |
41.69% |
0.00% |
0.00% |
0.00% |
-9.59% |
50.18% |
0.00% |
0.00% |
-13.50% |
EBIT Margin |
|
62.63% |
41.20% |
0.00% |
0.00% |
0.00% |
-13.77% |
25.29% |
0.00% |
0.00% |
-21.63% |
Profit (Net Income) Margin |
|
50.77% |
76.39% |
0.00% |
0.00% |
0.00% |
-6.44% |
37.99% |
0.00% |
0.00% |
-10.97% |
Tax Burden Percent |
|
75.11% |
142.30% |
82.67% |
57.27% |
95.53% |
78.71% |
69.77% |
70.72% |
73.18% |
65.79% |
Interest Burden Percent |
|
107.91% |
130.31% |
143.33% |
-1,420.46% |
23.64% |
59.47% |
215.32% |
79.94% |
75.49% |
77.05% |
Effective Tax Rate |
|
24.89% |
-42.30% |
17.33% |
42.73% |
0.00% |
0.00% |
30.23% |
0.00% |
0.00% |
0.00% |
Return on Invested Capital (ROIC) |
|
13.98% |
16.40% |
0.00% |
0.00% |
0.00% |
-1.17% |
2.53% |
0.00% |
0.00% |
-1.74% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
14.65% |
18.61% |
0.00% |
0.00% |
0.00% |
-0.04% |
3.60% |
0.00% |
0.00% |
-0.71% |
Return on Net Nonoperating Assets (RNNOA) |
|
9.27% |
11.30% |
0.00% |
0.00% |
0.00% |
-0.02% |
2.40% |
0.00% |
0.00% |
-0.48% |
Return on Equity (ROE) |
|
23.26% |
27.69% |
0.00% |
0.00% |
0.00% |
-1.18% |
4.94% |
0.00% |
0.00% |
-2.22% |
Cash Return on Invested Capital (CROIC) |
|
0.65% |
-2.78% |
-3.61% |
-3.29% |
-4.33% |
-3.17% |
-2.89% |
-4.49% |
-2.83% |
-0.45% |
Operating Return on Assets (OROA) |
|
16.54% |
10.41% |
0.00% |
0.00% |
0.00% |
-1.49% |
3.25% |
0.00% |
0.00% |
-2.17% |
Return on Assets (ROA) |
|
13.40% |
19.31% |
0.00% |
0.00% |
0.00% |
-0.70% |
4.89% |
0.00% |
0.00% |
-1.10% |
Return on Common Equity (ROCE) |
|
23.26% |
27.69% |
0.00% |
0.00% |
0.00% |
-1.18% |
4.94% |
0.00% |
0.00% |
-2.22% |
Return on Equity Simple (ROE_SIMPLE) |
|
21.81% |
0.00% |
17.82% |
12.82% |
7.82% |
0.00% |
0.29% |
-3.44% |
-5.57% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
59 |
51 |
26 |
-0.52 |
-13 |
-24 |
7.66 |
-42 |
-32 |
-31 |
NOPAT Margin |
|
47.04% |
58.62% |
0.00% |
0.00% |
0.00% |
-9.64% |
17.64% |
0.00% |
0.00% |
-15.14% |
Net Nonoperating Expense Percent (NNEP) |
|
-0.67% |
-2.21% |
-1.64% |
-1.17% |
-1.32% |
-1.13% |
-1.06% |
-0.99% |
-0.83% |
-1.04% |
SG&A Expenses to Revenue |
|
2.11% |
-2.24% |
0.00% |
0.00% |
0.00% |
2.12% |
9.69% |
0.00% |
0.00% |
0.57% |
Operating Expenses to Revenue |
|
37.37% |
58.81% |
0.00% |
0.00% |
0.00% |
113.77% |
74.71% |
0.00% |
0.00% |
121.63% |
Earnings before Interest and Taxes (EBIT) |
|
78 |
36 |
32 |
-0.91 |
-19 |
-35 |
11 |
-60 |
-46 |
-44 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
78 |
37 |
32 |
7.09 |
-4.70 |
-24 |
22 |
-49 |
-33 |
-28 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
3.90 |
3.28 |
3.70 |
2.98 |
2.47 |
2.58 |
2.23 |
1.90 |
2.74 |
2.41 |
Price to Tangible Book Value (P/TBV) |
|
3.90 |
3.28 |
3.70 |
2.98 |
2.48 |
2.60 |
2.25 |
1.91 |
2.76 |
2.43 |
Price to Revenue (P/Rev) |
|
9.09 |
8.26 |
13.90 |
18.88 |
37.97 |
14.22 |
8.53 |
7.19 |
10.15 |
10.89 |
Price to Earnings (P/E) |
|
17.89 |
14.92 |
20.78 |
23.22 |
31.54 |
145.21 |
759.26 |
0.00 |
0.00 |
0.00 |
Dividend Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Earnings Yield |
|
5.59% |
6.70% |
4.81% |
4.31% |
3.17% |
0.69% |
0.13% |
0.00% |
0.00% |
0.00% |
Enterprise Value to Invested Capital (EV/IC) |
|
2.65 |
2.41 |
2.46 |
1.87 |
1.71 |
1.92 |
1.53 |
1.34 |
1.78 |
1.61 |
Enterprise Value to Revenue (EV/Rev) |
|
9.56 |
9.37 |
14.04 |
17.74 |
39.47 |
16.02 |
10.76 |
9.44 |
12.50 |
13.67 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
14.21 |
14.64 |
20.55 |
24.88 |
49.86 |
399.38 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
14.99 |
15.20 |
21.06 |
26.37 |
73.63 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
19.29 |
17.94 |
23.88 |
28.53 |
69.01 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
14.73 |
14.23 |
18.19 |
20.18 |
33.40 |
63.42 |
0.00 |
0.00 |
0.00 |
239.41 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
437.16 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.55 |
0.54 |
0.52 |
0.50 |
0.50 |
0.52 |
0.85 |
0.86 |
0.90 |
0.88 |
Long-Term Debt to Equity |
|
0.55 |
0.52 |
0.50 |
0.50 |
0.50 |
0.50 |
0.82 |
0.84 |
0.88 |
0.86 |
Financial Leverage |
|
0.63 |
0.61 |
0.57 |
0.54 |
0.52 |
0.53 |
0.67 |
0.66 |
0.67 |
0.68 |
Leverage Ratio |
|
1.84 |
1.78 |
1.75 |
1.73 |
1.72 |
1.71 |
1.86 |
1.88 |
1.89 |
1.93 |
Compound Leverage Factor |
|
1.98 |
2.32 |
2.51 |
-24.60 |
0.41 |
1.02 |
4.01 |
1.50 |
1.43 |
1.49 |
Debt to Total Capital |
|
35.29% |
35.26% |
34.13% |
33.26% |
33.11% |
34.20% |
45.81% |
46.30% |
47.40% |
46.92% |
Short-Term Debt to Total Capital |
|
0.00% |
1.80% |
1.03% |
0.00% |
0.00% |
1.35% |
1.25% |
0.96% |
1.07% |
1.19% |
Long-Term Debt to Total Capital |
|
35.29% |
33.46% |
33.10% |
33.26% |
33.11% |
32.85% |
44.56% |
45.35% |
46.33% |
45.73% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
64.71% |
64.74% |
65.87% |
66.74% |
66.89% |
65.80% |
54.19% |
53.70% |
52.60% |
53.08% |
Debt to EBITDA |
|
1.89 |
2.14 |
2.85 |
4.43 |
9.63 |
71.31 |
-34,347.29 |
-17.08 |
-11.35 |
-10.62 |
Net Debt to EBITDA |
|
0.70 |
1.73 |
0.20 |
-1.61 |
1.89 |
44.86 |
-23,759.14 |
-11.80 |
-7.99 |
-7.40 |
Long-Term Debt to EBITDA |
|
1.89 |
2.03 |
2.76 |
4.43 |
9.63 |
68.50 |
-33,413.75 |
-16.73 |
-11.09 |
-10.35 |
Debt to NOPAT |
|
2.56 |
2.62 |
3.31 |
5.08 |
13.33 |
-42.05 |
-75.16 |
-13.27 |
-10.53 |
-9.55 |
Net Debt to NOPAT |
|
0.94 |
2.12 |
0.23 |
-1.85 |
2.61 |
-26.45 |
-51.99 |
-9.17 |
-7.41 |
-6.65 |
Long-Term Debt to NOPAT |
|
2.56 |
2.49 |
3.21 |
5.08 |
13.33 |
-40.39 |
-73.12 |
-13.00 |
-10.29 |
-9.30 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-194 |
-273 |
-255 |
-198 |
-151 |
-73 |
-40 |
-62 |
0.95 |
58 |
Operating Cash Flow to CapEx |
|
103.06% |
25.92% |
74.52% |
17.87% |
18.78% |
-18.89% |
-79.34% |
66.34% |
-14.74% |
73.17% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-47.17 |
-187.45 |
-142.41 |
-107.84 |
-65.49 |
-13.84 |
-9.26 |
0.14 |
8.54 |
Operating Cash Flow to Interest Expense |
|
0.00 |
5.03 |
40.83 |
7.16 |
7.89 |
-12.45 |
-14.39 |
4.57 |
-1.03 |
4.51 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
-14.37 |
-13.96 |
-32.91 |
-34.15 |
-78.37 |
-32.54 |
-2.32 |
-8.02 |
-1.65 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.26 |
0.25 |
0.17 |
0.10 |
0.04 |
0.11 |
0.13 |
0.13 |
0.12 |
0.10 |
Fixed Asset Turnover |
|
0.75 |
0.67 |
0.43 |
0.24 |
0.09 |
0.24 |
0.27 |
0.26 |
0.25 |
0.19 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,920 |
2,028 |
2,052 |
2,045 |
2,057 |
2,076 |
2,099 |
2,065 |
2,024 |
1,987 |
Invested Capital Turnover |
|
0.30 |
0.28 |
0.19 |
0.11 |
0.04 |
0.12 |
0.14 |
0.14 |
0.14 |
0.12 |
Increase / (Decrease) in Invested Capital |
|
253 |
324 |
281 |
198 |
137 |
48 |
47 |
20 |
-33 |
-89 |
Enterprise Value (EV) |
|
5,096 |
4,889 |
5,056 |
3,817 |
3,527 |
3,976 |
3,208 |
2,765 |
3,594 |
3,196 |
Market Capitalization |
|
4,847 |
4,311 |
5,007 |
4,064 |
3,393 |
3,530 |
2,543 |
2,104 |
2,919 |
2,546 |
Book Value per Share |
|
$7.00 |
$7.39 |
$7.61 |
$7.68 |
$7.75 |
$7.68 |
$6.52 |
$6.71 |
$6.44 |
$6.46 |
Tangible Book Value per Share |
|
$7.00 |
$7.39 |
$7.61 |
$7.68 |
$7.69 |
$7.63 |
$6.47 |
$6.66 |
$6.39 |
$6.42 |
Total Capital |
|
1,920 |
2,028 |
2,052 |
2,045 |
2,057 |
2,076 |
2,099 |
2,065 |
2,024 |
1,987 |
Total Debt |
|
678 |
715 |
700 |
680 |
681 |
710 |
962 |
956 |
959 |
932 |
Total Long-Term Debt |
|
678 |
678 |
679 |
680 |
681 |
682 |
936 |
937 |
938 |
909 |
Net Debt |
|
250 |
578 |
49 |
-247 |
133 |
447 |
665 |
661 |
675 |
650 |
Capital Expenditures (CapEx) |
|
92 |
112 |
74 |
56 |
59 |
73 |
52 |
46 |
46 |
42 |
Net Nonoperating Expense (NNE) |
|
-4.63 |
-16 |
-11 |
-7.92 |
-8.98 |
-8.06 |
-8.83 |
-8.11 |
-6.81 |
-8.51 |
Net Nonoperating Obligations (NNO) |
|
678 |
715 |
700 |
680 |
681 |
710 |
962 |
956 |
959 |
932 |
Total Depreciation and Amortization (D&A) |
|
0.06 |
0.44 |
0.16 |
8.00 |
14 |
11 |
11 |
11 |
13 |
17 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.36 |
$0.37 |
$0.21 |
$0.04 |
($0.02) |
($0.09) |
$0.09 |
($0.21) |
($0.16) |
($0.11) |
Adjusted Weighted Average Basic Shares Outstanding |
|
176.54M |
176.52M |
176.88M |
176.98M |
177.23M |
177.18M |
174.56M |
165.34M |
164.15M |
166.84M |
Adjusted Diluted Earnings per Share |
|
$0.33 |
$0.36 |
$0.20 |
$0.04 |
($0.02) |
($0.08) |
($0.08) |
($0.21) |
($0.16) |
($0.12) |
Adjusted Weighted Average Diluted Shares Outstanding |
|
193.41M |
193.45M |
193.61M |
177.86M |
177.23M |
178.15M |
186.79M |
165.34M |
164.15M |
169.88M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
177.54M |
177.62M |
177.62M |
177.65M |
177.82M |
178.08M |
165.32M |
165.38M |
163.21M |
163.44M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
59 |
25 |
-53 |
-37 |
-50 |
-24 |
-26 |
-64 |
-76 |
-31 |
Normalized NOPAT Margin |
|
47.04% |
28.84% |
0.00% |
0.00% |
0.00% |
-9.64% |
-60.61% |
0.00% |
0.00% |
-15.14% |
Pre Tax Income Margin |
|
67.59% |
53.68% |
0.00% |
0.00% |
0.00% |
-8.19% |
54.44% |
0.00% |
0.00% |
-16.67% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
6.25 |
23.25 |
-0.65 |
-13.56 |
-31.38 |
3.84 |
-8.93 |
-6.95 |
-6.52 |
NOPAT to Interest Expense |
|
0.00 |
8.89 |
19.23 |
-0.37 |
-9.49 |
-21.96 |
2.68 |
-6.25 |
-4.86 |
-4.56 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
-13.16 |
-31.54 |
-40.72 |
-55.60 |
-97.29 |
-14.30 |
-15.82 |
-13.94 |
-12.68 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
-10.52 |
-35.57 |
-40.44 |
-51.54 |
-87.88 |
-15.46 |
-13.14 |
-11.85 |
-10.72 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Augmented Payout Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
-344.01% |
Key Financial Trends
MP Materials Corp. Financial Summary and Trends (Q4 2024 to Q4 2022)
MP Materials has experienced substantial fluctuations in financial performance and cash flows over the last two years as reflected in its quarterly income statements, cash flow statements, and balance sheets.
- MP's total revenue has shown very high figures in Q4 2023 ($252 million) and Q4 2024 ($204 million), driven heavily by non-interest income, demonstrating strong income diversity beyond core operations.
- Depreciation expenses are rising over time, reflecting ongoing capital investment: from about $5.6 million in Q4 2022 to $22.1 million by Q4 2024, suggesting asset base expansion.
- Net cash from continuing operating activities improved dramatically in Q4 2024 at $30.5 million, reversing prior quarters' negative cash flows, indicating better operational cash generation.
- Significant investment activities, including purchase and sale of investment securities, show active asset management with large inflows and outflows, balancing net cash used in investing activities.
- The company shows a solid equity base, with total common equity around $1 billion by Q3 2024, aiding financial stability.
- Long-term debt remains consistently high (~$935-938 million from 2023 through Q3 2024), highlighting ongoing leverage and associated interest expenses (approximately $6.7 million in Q4 2024).
- Non-operating income contributes positively, with $10-14 million quarterly, helping offset operating losses.
- Consolidated net income has been negative in recent quarters, including a loss of $22.3 million in Q4 2024 and $25.5 million in Q3 2024, reflecting ongoing profitability challenges.
- Other operating expenses are recorded as negative values (e.g., -$110.9 million in Q4 2024), which may reflect large adjustments, write-offs or reclassifications impacting reported expenses and earnings.
- Net cash from financing activities has been negative in most quarters, including -$10.8 million in Q4 2024 and -$25.3 million in Q3 2024, indicating debt repayments and equity repurchases reducing cash reserves.
Overall Analysis:
MP Materials is in a capital-intensive growth phase as evidenced by substantial depreciation and continuous investments in property and equipment. While they generate impressive total revenues, consistent net losses and considerable operating expense challenges persist, which have impacted earnings per share negatively in recent quarters (e.g., -$0.11 EPS in Q4 2024). The company maintains a significant debt load that adds to interest expenses, yet it has managed positive cash flows from operations recently, signaling operational improvements. The negative cash outflows in financing underscore prudent debt repayment and shareholder return strategies. Investors should watch for improved profitability and expense management to balance the capital outlays and leverage.
08/04/25 12:48 AMAI Generated. May Contain Errors.