Financial Snapshot

Revenue
$184.1M
TTM
Gross Margin
11.51%
TTM
Net Earnings
-$59.34M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
692.96%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.065B
Q3 2024
Cash
Q3 2024
P/E
-58.11
Nov 29, 2024 EST
Free Cash Flow
-$248.7M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $253.4M $527.5M $332.0M $134.3M $73.41M
YoY Change -51.95% 58.91% 147.15% 82.96%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $253.4M $527.5M $332.0M $134.3M $73.41M
Cost Of Revenue $92.71M $90.29M $74.31M $66.20M $63.10M
Gross Profit $160.7M $437.2M $257.6M $68.10M $10.30M
Gross Profit Margin 63.42% 82.88% 77.61% 50.7% 14.03%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $79.25M $75.84M $57.59M $27.00M $11.10M
YoY Change 4.49% 31.69% 113.29% 143.24%
% of Gross Profit 49.3% 17.35% 22.35% 39.65% 107.77%
Research & Development $3.497M
YoY Change
% of Gross Profit 2.18%
Depreciation & Amortization $55.71M $18.36M $24.38M $6.931M $4.687M
YoY Change 203.49% -24.71% 251.78% 47.88%
% of Gross Profit 34.66% 4.2% 9.46% 10.18% 45.5%
Operating Expenses $79.25M $75.84M $88.92M $36.20M $17.90M
YoY Change 4.49% -14.71% 145.63% 102.23%
Operating Profit -$17.72M $327.4M $165.3M -$34.70M -$7.620M
YoY Change -105.41% 98.02% -576.46% 355.42%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $5.254M $5.786M $8.904M $5.009M $3.412M
YoY Change -9.19% -35.02% 77.76% 46.81%
% of Operating Profit 1.77% 5.39%
Other Income/Expense, Net $56.05M $19.53M $3.754M $251.0K $4.278M
YoY Change 187.03% 420.17% 1395.62% -94.13%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income $33.08M $341.2M $160.2M -$39.46M -$6.754M
YoY Change -90.3% 112.96% -505.96% 484.26%
Income Tax $8.768M $52.15M $25.16M -$17.64M $1.000K
% Of Pretax Income 26.51% 15.29% 15.7%
Net Earnings $24.31M $289.0M $135.0M -$21.83M -$6.755M
YoY Change -91.59% 114.02% -718.73% 223.09%
Net Earnings / Revenue 9.59% 54.79% 40.68% -16.25% -9.2%
Basic Earnings Per Share $0.14 $1.64 $0.78 -$0.27 -$0.10
Diluted Earnings Per Share $0.14 $1.52 $0.73 -$0.27 -$0.10

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $997.8M $1.182B $1.179B $519.7M $2.757M
YoY Change -15.6% 0.26% 126.92% 18750.2%
Cash & Equivalents $263.4M $129.3M $1.179B $519.7M $2.757M
Short-Term Investments $734.5M $1.046B
Other Short-Term Assets $8.820M $18.87M $7.809M $5.500M $1.234M
YoY Change -53.26% 141.67% 41.98% 345.71%
Inventory $95.18M $57.55M $38.69M $32.30M $23.05M
Prepaid Expenses
Receivables $10.03M $32.86M $51.01M $3.600M $370.0K
Other Receivables $19.30M $2.201M $0.00 $0.00 $0.00
Total Short-Term Assets $1.131B $1.294B $1.277B $561.0M $27.41M
YoY Change -12.57% 1.33% 127.59% 1946.77%
Property, Plant & Equipment $1.168B $935.7M $611.7M $503.0M $46.97M
YoY Change 24.83% 52.97% 21.61% 970.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.673M
YoY Change
Other Assets $18.60M $8.216M $1.149M $10.20M $27.41M
YoY Change 126.41% 615.06% -88.74% -62.79%
Total Long-Term Assets $1.205B $944.0M $612.9M $513.3M $74.39M
YoY Change 27.68% 54.03% 19.4% 590.06%
Total Assets $2.336B $2.238B $1.890B $1.074B $101.8M
YoY Change
Accounts Payable $28.00M $72.27M $35.73M $16.20M $14.18M
YoY Change -61.26% 102.23% 120.58% 14.29%
Accrued Expenses $73.94M $357.0K $800.0K $215.0K
YoY Change -55.38% 272.09%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.301M $0.00 $16.34M $24.70M $4.678M
YoY Change -100.0% -33.86% 428.0%
Total Short-Term Liabilities $108.6M $97.48M $59.54M $43.10M $31.32M
YoY Change 11.36% 63.72% 38.15% 37.63%
Long-Term Debt $682.0M $678.4M $675.5M $46.10M $13.99M
YoY Change 0.52% 0.44% 1365.25% 229.45%
Other Long-Term Liabilities $49.35M $26.88M $41.41M $43.80M $74.51M
YoY Change 83.63% -35.1% -5.46% -41.21%
Total Long-Term Liabilities $731.3M $705.3M $716.9M $89.90M $88.50M
YoY Change 3.69% -1.61% 697.43% 1.58%
Total Liabilities $970.7M $925.2M $880.9M $220.4M $119.8M
YoY Change 4.92% 5.02% 299.7% 83.95%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 177.2M shares 176.5M shares 173.5M shares 79.69M shares 66.56M shares
Diluted Shares Outstanding 178.2M shares 193.5M shares 189.8M shares 79.69M shares 66.56M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $3.4486 Billion

About MP Materials Corp. / DE

MP Materials Corp. engages in the production and marketing of rare earth specialty materials. The company is headquartered in Las Vegas, Nevada and currently employs 681 full-time employees. The company went IPO on 2020-04-30. The firm owns and operates the Mountain Pass Rare Earth Mine and Processing Facility (Mountain Pass) in North America, and is constructing a rare earth metal, alloy and magnet manufacturing facility in Fort Worth, Texas (the Fort Worth Facility). The firm produces rare earth concentrate products as well as refined rare earth oxides and related products. The company is producing separated rare earth products, including neodymium-praseodymium (NdPr) oxide. The firm has a distributorship agreement with Sumitomo Corporation of Americas (Sumitomo), under which Sumitomo serves as the exclusive distributor of the NdPr oxide and NdPr metal produced by the Company to Japanese customers.

Industry: Metal Mining Peers: 5E Advanced Materials, Inc. Ameritrust Corp MATERION Corp COMPASS MINERALS INTERNATIONAL INC Piedmont Lithium Inc.