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. (NYSE: MP) has experienced significant financial fluctuations over the last four years, with notable trends in income, cash flow, and balance sheet items. Here's an analysis highlighting key points from recent quarterly financial statements and annual trends.
- MP showed substantial net income in early 2023, with Q1 2023 net income of $37.4 million and Q2 2023 net income of $7.4 million, signaling profitable quarters during that period.
- The company’s total assets have steadily grown from about $2.18 billion in Q3 2022 to over $2.3 billion by Q3 2024, reflecting ongoing investment and expansion.
- Operating cash flow improved significantly in the second quarter of 2023 and Q2 2024, with net cash provided by operating activities of $30.8 million in Q2 2024, indicating improving core business cash generation.
- MP has been actively managing its long-term debt, with repayments occurring each quarter, e.g., $5.3 million in Q4 2024 and $444.5 million repaid in Q1 2024, which reduces interest obligations and financial risk.
- The company reported net interest expenses, largely driven by long-term debt interest expense, which increased to $6.76 million in Q4 2024, highlighting ongoing financing costs.
- Depreciation and amortization expenses have been substantial, averaging around $20 million a quarter, reflecting heavy capital investment and asset base.
- There are large fluctuations in "Other Operating Expenses" and "Other Special Charges," with significant negative values in several quarters, indicating non-recurring or unusual costs impacting profitability and cash flow.
- MP has reported net losses in most quarters of 2024, including a net loss of $22.3 million in Q4 2024 and $25.5 million in Q3 2024, suggesting earnings pressure in the recent period.
- Q4 2023 showed a significant $162.6 million net loss, marking a worsening profitability trend compared to earlier 2023 quarters.
- Investing activities consistently result in net cash outflows, largely due to frequent purchases of property, plant, and equipment and investment securities, with Q4 2024 investing activity cash outflow about $21.6 million, which pressures free cash flow generation.
In summary, MP Materials has been investing heavily in its asset base and has managed to grow its total assets steadily. While the company showed profitable results earlier in 2023, recent quarters have been marked by recurring losses, high operating expenses, and significant investment outflows impacting cash flows. Long-term debt levels remain high, though active repayment is underway. Investors should watch future earnings trends and cash flow improvements as key indicators of financial health recovery for MP.
10/24/25 01:38 PM ETAI Generated. May Contain Errors.