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 (NYSE: MP) Financial Overview and Trends (Q3 2022 to Q4 2024)
MP Materials has experienced notable fluctuations in profitability, cash flows, and balance sheet metrics over the last four years. Below are the key financial trends and observations based on the quarterly financial data:
- Strong net income performance in 2022, with Q4 2022 reporting net income of $67 million and positive earnings per share (EPS) of $0.37 (basic) and $0.36 (diluted).
- Robust operating cash flows in most quarters throughout 2022 and early 2023, e.g., $55.5 million net cash from operating activities in Q1 2023 and $30.8 million in Q2 2024, indicating solid cash generation capacity from business operations.
- Substantial investment in property, plant, and equipment across quarters ($41 million to $112 million by quarter), consistent with growth and capacity expansion efforts.
- Stable common equity balance, with shareholders’ equity growing from approximately $1.24 billion in Q3 2022 to about $1.13 billion by Q1 2024, reflecting retained earnings and capital structure continuity.
- Consistent interest expense related to long-term debt ranging from about $1.1 million in late 2022 to approximately $6.7 million in late 2024, indicating sustained leverage but manageable debt costs relative to company size.
- Normal levels of depreciation expense (circa $5.5 million to $22 million per quarter), aligning with the company’s capital intensity and asset base.
- Net losses in 2023 and 2024, with Q3 and Q4 2024 posting losses of approximately $25.5 million and $22.3 million respectively, reflecting operational and special charge challenges impacting profitability.
- Large 'Other Special Charges' reported in most quarters (e.g., -$95.7 million in Q1 2023, -$62.9 million in Q3 2024, -$31.3 million in Q2 2024), significantly increasing total non-interest expenses, which negatively impacts net income.
- Negative net income translating to diluted EPS losses in 2023-2024 quarters with Q4 2024 EPS of -$0.12 (diluted), hampering shareholder returns and indicating profitability pressure.
- Negative net cash from operating activities in several quarters of 2023 (e.g., -$41.1 million in Q1 2024 and -$6.8 million in Q3 2024), signaling operational cash flow stress requiring attention.
Summary: MP Materials demonstrated strong profitability and excellent operating cash flow in 2022. However, the company faced increasing costs and special charges starting late 2022 into 2023 and 2024, leading to sustained net losses and negative earnings per share in recent quarters. Despite these challenges, MP has continued substantial capital expenditures, suggesting a commitment to long-term growth. The interest expense and balance sheet show a steady debt position with manageable costs but elevated liabilities. Investors should monitor whether ongoing operating improvements and control of special charges materialize to return MP Materials to sustained profitability and positive cash flow.
10/04/25 10:29 AM ETAI Generated. May Contain Errors.