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MP Materials (MP) Financials

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$21.85 +2.08 (+10.52%)
Closing price 03:59 PM Eastern
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$21.82 -0.03 (-0.14%)
As of 08:00 PM Eastern
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Annual Income Statements for MP Materials

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.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Income / (Loss) Attributable to Common Shareholders		 -65 24 289 135 -22 -6.76
Consolidated Net Income / (Loss)		 -65 24 289 135 -22 -6.76
Net Income / (Loss) Continuing Operations		 -65 24 289 135 -22 -6.76
Total Pre-Tax Income 		-93 33 341 160 -39 -6.75
Total Revenue		 234 248 522 332 68 70
Net Interest Income / (Expense)		 -23 -5.25 -5.79 0.00 0.00 -3.41
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 23 5.25 5.79 0.00 0.00 3.41
Long-Term Debt Interest Expense		 23 5.25 5.79 - - 3.41
Total Non-Interest Income		 257 253 528 332 68 73
Net Realized & Unrealized Capital Gains on Investments		 53 0.00 0.00 - -67 -
Other Non-Interest Income		 204 253 528 332 134 73
Total Non-Interest Expense		 373 271 200 176 107 77
Marketing Expense		 9.31 15 4.25 4.20 0.14 0.00
Property & Liability Insurance Claims		 193 93 92 - - -
Other Operating Expenses		 93 108 85 147 100 76
Depreciation Expense		 78 56 18 24 6.93 4.69
Nonoperating Income / (Expense), net		 46 56 20 3.75 0.25 -
Income Tax Expense		 -28 8.77 52 25 -18 0.00
Basic Earnings per Share		 ($0.39) $0.14 $1.64 $0.78 ($0.27) ($0.10)
Weighted Average Basic Shares Outstanding		 166.84M 177.18M 176.52M 173.47M 79.69M 66.56M
Diluted Earnings per Share		 ($0.57) $0.14 $1.52 $0.73 ($0.27) ($0.10)
Weighted Average Diluted Shares Outstanding		 169.88M 178.15M 193.45M 189.84M 79.69M 66.56M
Weighted Average Basic & Diluted Shares Outstanding		 163.44M 178.08M 177.62M 177.52M 79.69M 66.56M

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 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -22 -26 -34 16 -16 -4.28 7.40 37 67 63
Consolidated Net Income / (Loss)		 -22 -26 -34 16 -16 -4.28 7.40 37 67 63
Net Income / (Loss) Continuing Operations		 -22 -26 -34 16 -16 -4.28 7.40 37 67 63
Total Pre-Tax Income 		-34 -35 -48 24 -21 -4.48 13 45 47 84
Total Revenue		 204 -6.65 -6.75 43 252 -1.40 -1.39 -1.36 88 124
Net Interest Income / (Expense)		 -6.76 -6.65 -6.75 -2.86 -1.11 -1.40 -1.39 -1.36 -5.79 0.00
Total Interest Expense		 6.76 6.65 6.75 2.86 1.11 1.40 1.39 1.36 5.79 0.00
Long-Term Debt Interest Expense		 6.76 6.65 6.75 2.86 1.11 1.40 1.39 1.36 - -
Total Non-Interest Income		 211 0.00 0.00 46 253 0.00 0.00 0.00 94 124
Net Realized & Unrealized Capital Gains on Investments		 6.65 0.00 0.00 46 - 0.00 0.00 0.00 0.26 0.00
Total Non-Interest Expense		 248 40 53 32 287 18 -0.48 -33 52 47
Marketing Expense		 1.16 2.05 1.89 4.21 5.35 2.87 3.10 3.61 -1.96 2.63
Other Operating Expenses		 -111 81 65 59 -42 50 48 51 -44 42
Depreciation Expense		 22 19 18 18 19 17 12 8.12 5.59 2.10
Nonoperating Income / (Expense), net		 10 11 12 13 14 14 14 14 11 6.17
Income Tax Expense		 -12 -9.35 -14 7.14 -4.40 -0.20 5.52 7.85 -20 21
Basic Earnings per Share		 ($0.11) ($0.16) ($0.21) $0.09 ($0.09) ($0.02) $0.04 $0.21 $0.37 $0.36
Weighted Average Basic Shares Outstanding		 166.84M 164.15M 165.34M 174.56M 177.18M 177.23M 176.98M 176.88M 176.52M 176.54M
Diluted Earnings per Share		 ($0.12) ($0.16) ($0.21) ($0.08) ($0.08) ($0.02) $0.04 $0.20 $0.36 $0.33
Weighted Average Diluted Shares Outstanding		 169.88M 164.15M 165.34M 186.79M 178.15M 177.23M 177.86M 193.61M 193.45M 193.41M
Weighted Average Basic & Diluted Shares Outstanding		 163.44M 163.21M 165.38M 165.32M 178.08M 177.82M 177.65M 177.62M 177.62M 177.54M

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 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Net Change in Cash & Equivalents		 19 121 -1,038 649 503 1.09
Net Cash From Operating Activities		 13 63 344 102 3.28 -0.44
Net Cash From Continuing Operating Activities		 13 63 344 102 3.28 -0.44
Net Income / (Loss) Continuing Operations		 -65 24 289 135 -22 -6.76
Consolidated Net Income / (Loss)		 -65 24 289 135 -22 -6.76
Depreciation Expense		 78 56 18 24 6.93 4.69
Amortization Expense		 -26 -23 -5.92 7.38 3.15 1.00
Non-Cash Adjustments to Reconcile Net Income		 -3.36 29 20 -31 53 -1.28
Changes in Operating Assets and Liabilities, net		 30 -24 22 -34 -38 1.91
Net Cash From Investing Activities		 10 69 -1,357 -119 -22 5.62
Net Cash From Continuing Investing Activities		 10 69 -1,357 -119 -22 5.62
Purchase of Property, Leasehold Improvements and Equipment		 -186 -262 -327 -124 -22 -2.27
Purchase of Investment Securities		 -1,568 -1,195 -2,780 0.00 0.00 -
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.02 0.00 0.13 0.00 7.90
Sale and/or Maturity of Investments		 1,764 1,523 1,749 4.38 0.00 0.00
Other Investing Activities, net		 0.00 2.80 0.00 0.00 0.00 -
Net Cash From Financing Activities		 -4.79 -9.92 -24 666 522 -4.10
Net Cash From Continuing Financing Activities		 -4.79 -9.92 -24 666 522 -4.10
Issuance of Debt		 748 0.00 0.00 690 39 7.24
Repayment of Debt		 -452 -2.73 -5.83 -20 -20 -11
Repurchase of Common Equity		 -225 0.00 0.00 - - -
Other Financing Activities, Net		 -75 -7.19 -18 -3.71 503 0.00

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 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -1.99 -11 -0.46 33 -284 -380 275 511 -291 -231
Net Cash From Operating Activities		 30 -6.84 31 -41 -14 11 9.97 55 29 95
Net Cash From Continuing Operating Activities		 30 -6.84 31 -41 -14 11 9.97 55 29 95
Net Income / (Loss) Continuing Operations		 -22 -26 -34 16 -16 -4.28 7.40 37 67 63
Consolidated Net Income / (Loss)		 -22 -26 -34 16 -16 -4.28 7.40 37 67 63
Depreciation Expense		 22 19 18 18 19 17 12 8.12 5.59 2.10
Amortization Expense		 -5.55 -6.38 -6.85 -7.58 -8.10 -2.52 -4.21 -7.96 -5.16 -2.03
Non-Cash Adjustments to Reconcile Net Income		 7.24 3.81 18 -33 9.11 6.83 6.07 7.24 7.12 8.22
Changes in Operating Assets and Liabilities, net		 29 1.89 35 -36 -17 -5.77 -11 11 -45 23
Net Cash From Investing Activities		 -22 21 -30 41 -269 -390 266 462 -315 -325
Net Cash From Continuing Investing Activities		 -22 21 -30 41 -269 -390 266 462 -315 -325
Purchase of Property, Leasehold Improvements and Equipment		 -42 -46 -46 -52 -73 -59 -56 -74 -112 -92
Purchase of Investment Securities		 -417 -317 -443 -391 -490 -384 - -321 -1,421 -759
Sale and/or Maturity of Investments		 437 384 460 483 291 53 322 858 1,218 526
Net Cash From Financing Activities		 -11 -25 -1.55 33 -1.34 -0.98 -0.78 -6.82 -4.76 -0.65
Net Cash From Continuing Financing Activities		 -11 -25 -1.55 33 -1.34 -0.98 -0.78 -6.82 -4.76 -0.65
Repayment of Debt		 -5.29 -0.57 -1.38 -445 -0.63 -0.63 -0.62 -0.85 -0.70 -0.65
Other Financing Activities, Net		 -5.54 -0.45 -0.18 -69 -0.71 -0.34 -0.16 -5.98 -4.06 -

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 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Total Assets		 2,334 2,336 2,238 1,890 1,074 102
Cash and Due from Banks		 282 263 137 1,179 520 2.76
Trading Account Securities		 568 734 1,046 0.00 - -
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1,251 1,158 936 611 502 46
Intangible Assets		 7.37 8.88 0.09 - - -
Other Assets		 224 172 120 100 44 26
Total Liabilities & Shareholders' Equity		 2,334 2,336 2,238 1,890 1,074 102
Total Liabilities		 1,279 971 925 881 220 120
Short-Term Debt		 24 28 36 20 24 7.71
Accrued Interest Payable		 65 74 57 - - -
Other Short-Term Payables		 76 6.62 4.05 40 19 24
Long-Term Debt		 909 682 678 675 0.96 0.00
Other Long-Term Liabilities		 206 180 149 146 176 89
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,055 1,366 1,313 1,009 854 -18
Total Preferred & Common Equity		 1,055 1,366 1,313 1,009 854 -18
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,055 1,366 1,313 1,009 854 -18
Common Stock		 961 980 951 936 916 23
Retained Earnings		 320 386 361 72 -63 -41
Treasury Stock		 -227 0.00 - - - -
Accumulated Other Comprehensive Income / (Loss)		 0.17 0.15 0.19 0.00 - -

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 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 2,300 2,364 2,354 2,322 2,289 2,281 2,189
Cash and Due from Banks		 284 296 296 548 927 651 428
Trading Account Securities		 8.96 9.34 9.65 537 201 518 836
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 1,231 1,217 1,196 1,098 1,045 1,002 830
Intangible Assets		 7.97 8.28 8.58 9.18 - - -
Other Assets		 768 834 843 131 106 110 95
Total Liabilities & Shareholders' Equity		 2,300 2,364 2,354 2,322 2,289 2,281 2,189
Total Liabilities		 1,236 1,255 1,216 946 925 929 947
Short-Term Debt		 22 20 26 0.00 0.00 21 0.00
Accrued Interest Payable		 66 75 74 - - - -
Other Short-Term Payables		 59 63 7.42 97 75 73 75
Long-Term Debt		 938 937 936 681 680 679 678
Other Long-Term Liabilities		 151 161 173 168 161 156 195
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,065 1,109 1,138 1,376 1,365 1,352 1,242
Total Preferred & Common Equity		 1,065 1,109 1,138 1,376 1,365 1,352 1,242
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,065 1,109 1,138 1,376 1,365 1,352 1,242
Common Stock		 949 944 938 974 959 953 948
Retained Earnings		 343 368 402 402 406 399 294
Treasury Stock		 -227 -203 -203 - - - -
Accumulated Other Comprehensive Income / (Loss)		 0.30 -0.09 -0.13 -0.03 -0.17 0.13 -0.10

Annual Metrics And Ratios for MP Materials

This table displays calculated financial ratios and metrics derived from MP Materials' official financial filings.

Metric 2024 2023 2022 2021 2020 2019
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Growth Metrics		 - - - - - -
Revenue Growth		 -5.82% -52.43% 57.17% 391.10% -3.44% 0.00%
EBITDA Growth		 -982.10% -97.02% 77.49% 735.08% -2,680.02% 0.00%
EBIT Growth		 -507.34% -107.14% 105.59% 493.94% -487.98% 0.00%
NOPAT Growth		 -478.50% -106.20% 106.61% 574.39% -487.98% 0.00%
Net Income Growth		 -369.16% -91.59% 114.02% 718.73% -223.09% 0.00%
EPS Growth		 -507.14% -90.79% 108.22% 370.37% -170.00% 0.00%
Operating Cash Flow Growth		 -78.71% -81.75% 236.87% 3,011.72% 849.89% 0.00%
Free Cash Flow Firm Growth		 86.04% -25.37% 92.50% 24.57% 0.00% 0.00%
Invested Capital Growth		 -4.27% 2.38% 19.04% 93.70% 8,630.37% 0.00%
Revenue Q/Q Growth		 -18.72% 177.76% -2.14% 56.66% 0.00% 0.00%
EBITDA Q/Q Growth		 -3.92% -85.92% -6.87% 37.98% 0.00% 0.00%
EBIT Q/Q Growth		 -7.18% -147.96% -5.43% 45.03% 0.00% 0.00%
NOPAT Q/Q Growth		 -7.18% -133.04% 3.11% 19.71% 0.00% 0.00%
Net Income Q/Q Growth		 -10.25% -77.40% 6.65% 22.58% 0.00% 0.00%
EPS Q/Q Growth		 -7.55% -75.86% 7.04% -17.98% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 143.19% -40.61% -0.70% 37.69% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 84.30% 24.51% -545.21% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 -1.81% 0.90% 5.61% 2.15% 0.00% 0.00%
Profitability Metrics		 - - - - - -
EBITDA Margin		 -37.57% 4.01% 64.03% 56.70% -43.84% -1.52%
EBIT Margin		 -59.69% -9.26% 61.65% 47.13% -58.75% -9.65%
Profit (Net Income) Margin		 -27.99% 9.79% 55.39% 40.68% -32.29% -9.65%
Tax Burden Percent		 70.09% 73.49% 84.71% 84.30% 55.31% 100.01%
Interest Burden Percent		 66.90% -143.97% 106.07% 102.40% 99.37% 100.00%
Effective Tax Rate		 0.00% 26.51% 15.29% 15.70% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -4.81% -0.82% 14.61% 10.21% -6.40% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.88% 4.96% 16.95% 11.09% 29.64% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -0.60% 2.64% 10.29% 4.29% 1.18% 0.00%
Return on Equity (ROE)		 -5.41% 1.82% 24.90% 14.50% -5.22% 37.48%
Cash Return on Invested Capital (CROIC)		 -0.45% -3.17% -2.78% -53.59% -104.33% 0.00%
Operating Return on Assets (OROA)		 -5.98% -1.00% 15.58% 10.56% -6.75% -6.64%
Return on Assets (ROA)		 -2.80% 1.06% 14.00% 9.11% -3.71% -6.64%
Return on Common Equity (ROCE)		 -5.41% 1.82% 24.90% 14.50% -5.22% 37.48%
Return on Equity Simple (ROE_SIMPLE)		 -6.20% 1.78% 22.02% 13.39% -2.56% 37.48%
Net Operating Profit after Tax (NOPAT)		 -98 -17 272 132 -28 -4.73
NOPAT Margin		 -41.78% -6.80% 52.22% 39.73% -41.13% -6.75%
Net Nonoperating Expense Percent (NNEP)		 -3.93% -5.78% -2.35% -0.88% -36.04% 26.28%
SG&A Expenses to Revenue		 3.98% 6.02% 0.81% 1.26% 0.21% 0.00%
Operating Expenses to Revenue		 159.69% 109.26% 38.35% 52.87% 158.75% 109.65%
Earnings before Interest and Taxes (EBIT)		 -140 -23 322 156 -40 -6.75
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -88 9.96 334 188 -30 -1.07
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 2.41 2.58 3.28 8.00 1.62 0.00
Price to Tangible Book Value (P/TBV)		 2.43 2.60 3.28 8.00 1.62 0.00
Price to Revenue (P/Rev)		 10.89 14.22 8.26 24.32 20.52 4.29
Price to Earnings (P/E)		 0.00 145.21 14.92 59.79 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.69% 6.70% 1.67% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 1.61 1.92 2.41 4.46 1.01 0.00
Enterprise Value to Revenue (EV/Rev)		 13.67 16.02 9.37 22.86 13.08 3.97
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 399.38 14.64 40.32 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 15.20 48.51 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 17.94 57.54 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 239.41 63.42 14.23 74.42 269.76 0.00
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		 0.88 0.52 0.54 0.69 0.03 -0.43
Long-Term Debt to Equity		 0.86 0.50 0.52 0.67 0.00 0.00
Financial Leverage		 0.68 0.53 0.61 0.39 0.04 -0.43
Leverage Ratio		 1.93 1.71 1.78 1.59 1.41 -5.65
Compound Leverage Factor		 1.29 -2.46 1.89 1.63 1.40 -5.65
Debt to Total Capital		 46.92% 34.20% 35.26% 40.77% 2.89% -74.84%
Short-Term Debt to Total Capital		 1.19% 1.35% 1.80% 1.15% 2.78% -74.84%
Long-Term Debt to Total Capital		 45.73% 32.85% 33.46% 39.63% 0.11% 0.00%
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		 53.08% 65.80% 64.74% 59.23% 97.11% 174.84%
Debt to EBITDA		 -10.62 71.31 2.14 3.69 -0.86 -7.24
Net Debt to EBITDA		 -7.40 44.86 1.73 -2.58 16.98 20.48
Long-Term Debt to EBITDA		 -10.35 68.50 2.03 3.59 -0.03 0.00
Debt to NOPAT		 -9.55 -42.05 2.62 5.27 -0.91 -1.63
Net Debt to NOPAT		 -6.65 -26.45 2.12 -3.68 18.11 4.62
Long-Term Debt to NOPAT		 -9.30 -40.39 2.49 5.12 -0.03 0.00
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)		 -9.08 -65 -52 -692 -917 0.00
Operating Cash Flow to CapEx		 7.16% 23.94% 105.18% 82.40% 14.65% 0.00%
Free Cash Flow to Firm to Interest Expense		 -0.39 -12.38 -8.97 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.58 11.93 59.37 0.00 0.00 -0.13
Operating Cash Flow Less CapEx to Interest Expense		 -7.52 -37.91 2.92 0.00 0.00 1.52
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.10 0.11 0.25 0.22 0.11 0.69
Fixed Asset Turnover		 0.19 0.24 0.67 0.60 0.25 1.51
Capital & Investment Metrics		 - - - - - -
Invested Capital		 1,987 2,076 2,028 1,703 879 -10
Invested Capital Turnover		 0.12 0.12 0.28 0.26 0.16 -6.79
Increase / (Decrease) in Invested Capital		 -89 48 324 824 890 0.00
Enterprise Value (EV)		 3,196 3,976 4,889 7,588 884 278
Market Capitalization		 2,546 3,530 4,311 8,073 1,387 300
Book Value per Share		 $6.46 $7.68 $7.39 $5.68 $19.80 ($0.27)
Tangible Book Value per Share		 $6.42 $7.63 $7.39 $5.68 $19.80 ($0.27)
Total Capital		 1,987 2,076 2,028 1,703 879 -10
Total Debt		 932 710 715 694 25 7.71
Total Long-Term Debt		 909 682 678 675 0.96 0.00
Net Debt		 650 447 578 -485 -503 -22
Capital Expenditures (CapEx)		 186 262 327 124 22 -5.62
Net Nonoperating Expense (NNE)		 -32 -41 -17 -3.16 -5.97 2.03
Net Nonoperating Obligations (NNO)		 932 710 715 694 25 7.71
Total Depreciation and Amortization (D&A)		 52 33 12 32 10 5.69
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 ($0.39) $0.14 $1.64 $0.78 ($0.27) $0.00
Adjusted Weighted Average Basic Shares Outstanding		 166.84M 177.18M 176.52M 173.47M 170.74M 0.00
Adjusted Diluted Earnings per Share		 ($0.57) $0.14 $1.52 $0.73 ($0.27) $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 169.88M 178.15M 193.45M 189.84M 170.74M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.27) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 163.44M 178.08M 177.62M 177.52M 79.69M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -98 -17 272 132 -28 -7.72
Normalized NOPAT Margin		 -41.78% -6.80% 52.22% 39.73% -41.13% -11.03%
Pre Tax Income Margin		 -39.93% 13.33% 65.39% 48.26% -58.38% -9.65%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -6.06 -4.37 55.59 0.00 0.00 -1.98
NOPAT to Interest Expense		 -4.24 -3.21 47.09 0.00 0.00 -1.39
EBIT Less CapEx to Interest Expense		 -14.17 -54.22 -0.86 0.00 0.00 -0.33
NOPAT Less CapEx to Interest Expense		 -12.35 -53.06 -9.36 0.00 0.00 0.26
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -344.01% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for MP Materials

This table displays calculated financial ratios and metrics derived from MP Materials' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -19.26% -376.07% -384.55% 3,294.11% 187.67% -101.12% -100.97% -100.82% -11.49% 24.75%
EBITDA Growth		 -13.68% -607.13% -789.61% -31.43% -166.17% -106.02% -92.89% -73.48% -40.24% 28.89%
EBIT Growth		 -26.90% -143.96% -6,526.73% -65.27% -196.13% -124.29% -100.96% -72.06% -33.81% 51.44%
NOPAT Growth		 -26.90% -143.96% -7,999.40% -70.69% -147.29% -122.64% -100.73% -69.41% 5.15% 37.16%
Net Income Growth		 -37.41% -496.73% -560.51% -55.97% -124.26% -106.77% -89.91% -56.23% 36.78% 47.74%
EPS Growth		 -50.00% -700.00% -625.00% -140.00% -122.22% -106.06% -89.47% -55.56% 38.46% 43.48%
Operating Cash Flow Growth		 321.15% -162.10% 209.41% -174.11% -147.37% -88.34% -89.92% -54.13% -7.66% 320.35%
Free Cash Flow Firm Growth		 179.62% 100.63% 68.51% 84.48% 73.44% 22.42% -31.96% -163.41% 64.78% 85.00%
Invested Capital Growth		 -4.27% -1.62% 0.99% 2.30% 2.38% 7.15% 10.70% 15.86% 19.04% 15.15%
Revenue Q/Q Growth		 3,165.59% 1.47% -115.54% -78.80% 18,175.79% -0.29% -2.43% -101.45% -29.51% -13.32%
EBITDA Q/Q Growth		 17.19% 32.03% -324.38% 190.01% -415.07% -166.29% -77.69% -13.14% -53.12% -21.77%
EBIT Q/Q Growth		 4.56% 23.33% -648.81% 131.60% -83.47% -1,982.73% -102.88% -12.54% -53.64% -17.46%
NOPAT Q/Q Growth		 4.56% 23.33% -650.61% 131.50% -83.47% -2,445.58% -101.99% -49.19% -12.17% -18.23%
Net Income Q/Q Growth		 12.44% 25.07% -306.53% 201.41% -280.24% -157.82% -80.25% -44.11% 6.06% -13.77%
EPS Q/Q Growth		 25.00% 23.81% -162.50% 0.00% -300.00% -150.00% -80.00% -44.44% 9.09% -13.16%
Operating Cash Flow Q/Q Growth		 545.31% -122.19% 174.99% -198.43% -225.04% 10.56% -82.04% 90.72% -69.23% -4.38%
Free Cash Flow Firm Q/Q Growth		 5,965.18% 101.52% -57.93% 45.48% 51.84% 24.06% 22.18% 6.67% -40.66% -29.16%
Invested Capital Q/Q Growth		 -1.81% -2.01% -1.62% 1.14% 0.90% 0.59% -0.35% 1.22% 5.61% 3.92%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 -13.50% 0.00% 0.00% 50.18% -9.59% 0.00% 0.00% 0.00% 41.69% 62.68%
EBIT Margin		 -21.63% 0.00% 0.00% 25.29% -13.77% 0.00% 0.00% 0.00% 41.20% 62.63%
Profit (Net Income) Margin		 -10.97% 0.00% 0.00% 37.99% -6.44% 0.00% 0.00% 0.00% 76.39% 50.77%
Tax Burden Percent		 65.79% 73.18% 70.72% 69.77% 78.71% 95.53% 57.27% 82.67% 142.30% 75.11%
Interest Burden Percent		 77.05% 75.49% 79.94% 215.32% 59.47% 23.64% -1,420.46% 143.33% 130.31% 107.91%
Effective Tax Rate		 0.00% 0.00% 0.00% 30.23% 0.00% 0.00% 42.73% 17.33% -42.30% 24.89%
Return on Invested Capital (ROIC)		 -1.74% 0.00% 0.00% 2.53% -1.17% 0.00% 0.00% 0.00% 16.40% 13.98%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.71% 0.00% 0.00% 3.60% -0.04% 0.00% 0.00% 0.00% 18.61% 14.65%
Return on Net Nonoperating Assets (RNNOA)		 -0.48% 0.00% 0.00% 2.40% -0.02% 0.00% 0.00% 0.00% 11.30% 9.27%
Return on Equity (ROE)		 -2.22% 0.00% 0.00% 4.94% -1.18% 0.00% 0.00% 0.00% 27.69% 23.26%
Cash Return on Invested Capital (CROIC)		 -0.45% -2.83% -4.49% -2.89% -3.17% -4.33% -3.29% -3.61% -2.78% 0.65%
Operating Return on Assets (OROA)		 -2.17% 0.00% 0.00% 3.25% -1.49% 0.00% 0.00% 0.00% 10.41% 16.54%
Return on Assets (ROA)		 -1.10% 0.00% 0.00% 4.89% -0.70% 0.00% 0.00% 0.00% 19.31% 13.40%
Return on Common Equity (ROCE)		 -2.22% 0.00% 0.00% 4.94% -1.18% 0.00% 0.00% 0.00% 27.69% 23.26%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -5.57% -3.44% 0.29% 0.00% 7.82% 12.82% 17.82% 0.00% 21.81%
Net Operating Profit after Tax (NOPAT)		 -31 -32 -42 7.66 -24 -13 -0.52 26 51 59
NOPAT Margin		 -15.14% 0.00% 0.00% 17.64% -9.64% 0.00% 0.00% 0.00% 58.62% 47.04%
Net Nonoperating Expense Percent (NNEP)		 -1.04% -0.83% -0.99% -1.06% -1.13% -1.32% -1.17% -1.64% -2.21% -0.67%
SG&A Expenses to Revenue		 0.57% 0.00% 0.00% 9.69% 2.12% 0.00% 0.00% 0.00% -2.24% 2.11%
Operating Expenses to Revenue		 121.63% 0.00% 0.00% 74.71% 113.77% 0.00% 0.00% 0.00% 58.81% 37.37%
Earnings before Interest and Taxes (EBIT)		 -44 -46 -60 11 -35 -19 -0.91 32 36 78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -28 -33 -49 22 -24 -4.70 7.09 32 37 78
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 2.41 2.74 1.90 2.23 2.58 2.47 2.98 3.70 3.28 3.90
Price to Tangible Book Value (P/TBV)		 2.43 2.76 1.91 2.25 2.60 2.48 2.98 3.70 3.28 3.90
Price to Revenue (P/Rev)		 10.89 10.15 7.19 8.53 14.22 37.97 18.88 13.90 8.26 9.09
Price to Earnings (P/E)		 0.00 0.00 0.00 759.26 145.21 31.54 23.22 20.78 14.92 17.89
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.13% 0.69% 3.17% 4.31% 4.81% 6.70% 5.59%
Enterprise Value to Invested Capital (EV/IC)		 1.61 1.78 1.34 1.53 1.92 1.71 1.87 2.46 2.41 2.65
Enterprise Value to Revenue (EV/Rev)		 13.67 12.50 9.44 10.76 16.02 39.47 17.74 14.04 9.37 9.56
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 399.38 49.86 24.88 20.55 14.64 14.21
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 73.63 26.37 21.06 15.20 14.99
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 69.01 28.53 23.88 17.94 19.29
Enterprise Value to Operating Cash Flow (EV/OCF)		 239.41 0.00 0.00 0.00 63.42 33.40 20.18 18.19 14.23 14.73
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 437.16
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.88 0.90 0.86 0.85 0.52 0.50 0.50 0.52 0.54 0.55
Long-Term Debt to Equity		 0.86 0.88 0.84 0.82 0.50 0.50 0.50 0.50 0.52 0.55
Financial Leverage		 0.68 0.67 0.66 0.67 0.53 0.52 0.54 0.57 0.61 0.63
Leverage Ratio		 1.93 1.89 1.88 1.86 1.71 1.72 1.73 1.75 1.78 1.84
Compound Leverage Factor		 1.49 1.43 1.50 4.01 1.02 0.41 -24.60 2.51 2.32 1.98
Debt to Total Capital		 46.92% 47.40% 46.30% 45.81% 34.20% 33.11% 33.26% 34.13% 35.26% 35.29%
Short-Term Debt to Total Capital		 1.19% 1.07% 0.96% 1.25% 1.35% 0.00% 0.00% 1.03% 1.80% 0.00%
Long-Term Debt to Total Capital		 45.73% 46.33% 45.35% 44.56% 32.85% 33.11% 33.26% 33.10% 33.46% 35.29%
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		 53.08% 52.60% 53.70% 54.19% 65.80% 66.89% 66.74% 65.87% 64.74% 64.71%
Debt to EBITDA		 -10.62 -11.35 -17.08 -34,347.29 71.31 9.63 4.43 2.85 2.14 1.89
Net Debt to EBITDA		 -7.40 -7.99 -11.80 -23,759.14 44.86 1.89 -1.61 0.20 1.73 0.70
Long-Term Debt to EBITDA		 -10.35 -11.09 -16.73 -33,413.75 68.50 9.63 4.43 2.76 2.03 1.89
Debt to NOPAT		 -9.55 -10.53 -13.27 -75.16 -42.05 13.33 5.08 3.31 2.62 2.56
Net Debt to NOPAT		 -6.65 -7.41 -9.17 -51.99 -26.45 2.61 -1.85 0.23 2.12 0.94
Long-Term Debt to NOPAT		 -9.30 -10.29 -13.00 -73.12 -40.39 13.33 5.08 3.21 2.49 2.56
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)		 58 0.95 -62 -40 -73 -151 -198 -255 -273 -194
Operating Cash Flow to CapEx		 73.17% -14.74% 66.34% -79.34% -18.89% 18.78% 17.87% 74.52% 25.92% 103.06%
Free Cash Flow to Firm to Interest Expense		 8.54 0.14 -9.26 -13.84 -65.49 -107.84 -142.41 -187.45 -47.17 0.00
Operating Cash Flow to Interest Expense		 4.51 -1.03 4.57 -14.39 -12.45 7.89 7.16 40.83 5.03 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -1.65 -8.02 -2.32 -32.54 -78.37 -34.15 -32.91 -13.96 -14.37 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.10 0.12 0.13 0.13 0.11 0.04 0.10 0.17 0.25 0.26
Fixed Asset Turnover		 0.19 0.25 0.26 0.27 0.24 0.09 0.24 0.43 0.67 0.75
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,987 2,024 2,065 2,099 2,076 2,057 2,045 2,052 2,028 1,920
Invested Capital Turnover		 0.12 0.14 0.14 0.14 0.12 0.04 0.11 0.19 0.28 0.30
Increase / (Decrease) in Invested Capital		 -89 -33 20 47 48 137 198 281 324 253
Enterprise Value (EV)		 3,196 3,594 2,765 3,208 3,976 3,527 3,817 5,056 4,889 5,096
Market Capitalization		 2,546 2,919 2,104 2,543 3,530 3,393 4,064 5,007 4,311 4,847
Book Value per Share		 $6.46 $6.44 $6.71 $6.52 $7.68 $7.75 $7.68 $7.61 $7.39 $7.00
Tangible Book Value per Share		 $6.42 $6.39 $6.66 $6.47 $7.63 $7.69 $7.68 $7.61 $7.39 $7.00
Total Capital		 1,987 2,024 2,065 2,099 2,076 2,057 2,045 2,052 2,028 1,920
Total Debt		 932 959 956 962 710 681 680 700 715 678
Total Long-Term Debt		 909 938 937 936 682 681 680 679 678 678
Net Debt		 650 675 661 665 447 133 -247 49 578 250
Capital Expenditures (CapEx)		 42 46 46 52 73 59 56 74 112 92
Net Nonoperating Expense (NNE)		 -8.51 -6.81 -8.11 -8.83 -8.06 -8.98 -7.92 -11 -16 -4.63
Net Nonoperating Obligations (NNO)		 932 959 956 962 710 681 680 700 715 678
Total Depreciation and Amortization (D&A)		 17 13 11 11 11 14 8.00 0.16 0.44 0.06
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.11) ($0.16) ($0.21) $0.09 ($0.09) ($0.02) $0.04 $0.21 $0.37 $0.36
Adjusted Weighted Average Basic Shares Outstanding		 166.84M 164.15M 165.34M 174.56M 177.18M 177.23M 176.98M 176.88M 176.52M 176.54M
Adjusted Diluted Earnings per Share		 ($0.12) ($0.16) ($0.21) ($0.08) ($0.08) ($0.02) $0.04 $0.20 $0.36 $0.33
Adjusted Weighted Average Diluted Shares Outstanding		 169.88M 164.15M 165.34M 186.79M 178.15M 177.23M 177.86M 193.61M 193.45M 193.41M
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		 163.44M 163.21M 165.38M 165.32M 178.08M 177.82M 177.65M 177.62M 177.62M 177.54M
Normalized Net Operating Profit after Tax (NOPAT)		 -31 -76 -64 -26 -24 -50 -37 -53 25 59
Normalized NOPAT Margin		 -15.14% 0.00% 0.00% -60.61% -9.64% 0.00% 0.00% 0.00% 28.84% 47.04%
Pre Tax Income Margin		 -16.67% 0.00% 0.00% 54.44% -8.19% 0.00% 0.00% 0.00% 53.68% 67.59%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -6.52 -6.95 -8.93 3.84 -31.38 -13.56 -0.65 23.25 6.25 0.00
NOPAT to Interest Expense		 -4.56 -4.86 -6.25 2.68 -21.96 -9.49 -0.37 19.23 8.89 0.00
EBIT Less CapEx to Interest Expense		 -12.68 -13.94 -15.82 -14.30 -97.29 -55.60 -40.72 -31.54 -13.16 0.00
NOPAT Less CapEx to Interest Expense		 -10.72 -11.85 -13.14 -15.46 -87.88 -51.54 -40.44 -35.57 -10.52 0.00
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		 -344.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About MP Materials' Financials

When does MP Materials's fiscal year end?

According to the most recent income statement we have on file, MP Materials' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has MP Materials' net income changed over the last 5 years?

Over the last 5 years, MP Materials' net income changed from -$6.76 million in 2019 to -$65.42 million in 2024, a change of 868.5%. Find out what analysts predict for MP Materials in the coming months.

How has MP Materials revenue changed over the last 5 years?

Over the last 5 years, MP Materials' total revenue changed from $70.00 million in 2019 to $233.76 million in 2024, a change of 233.9%.

How much debt does MP Materials have?

MP Materials' total liabilities were at $1.28 billion at the end of 2024, a 31.7% increase from 2023, and a 967.2% increase since 2019.

How much cash does MP Materials have?

In the past 5 years, MP Materials' cash and equivalents has ranged from $2.76 million in 2019 to $1.18 billion in 2021, and is currently $282.44 million as of their latest financial filing in 2024.

How has MP Materials' book value per share changed over the last 5 years?

Over the last 5 years, MP Materials' book value per share changed from -0.27 in 2019 to 6.46 in 2024, a change of -2,486.8%.


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This page (NYSE:MP) was last updated on 5/30/2025 by MarketBeat.com Staff
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