See more : Pharmagreen Biotech Inc. (PHBI) Income Statement Analysis – Financial Results
Complete financial analysis of MP Materials Corp. (MP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MP Materials Corp., a leading company in the Industrial Materials industry within the Basic Materials sector.
You may be interested
- TZP Strategies Acquisition Corp. (TZPSU) Income Statement Analysis – Financial Results
- Orvis Corporation (7827.T) Income Statement Analysis – Financial Results
- American Picture House Corporation (APHP) Income Statement Analysis – Financial Results
- Webjet Limited (WEJTY) Income Statement Analysis – Financial Results
- Good Drinks Australia Limited (GDA.AX) Income Statement Analysis – Financial Results
MP Materials Corp. (MP)
About MP Materials Corp.
MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals. It offers cerium, lanthanum, neodymium, praseodymium, and samarium. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 253.45M | 527.51M | 331.95M | 134.31M | 73.41M | 67.42M |
| Cost of Revenue | 148.42M | 110.57M | 100.64M | 102.40M | 67.83M | 57.28M |
| Gross Profit | 105.02M | 416.94M | 231.32M | 31.91M | 5.58M | 10.13M |
| Gross Profit Ratio | 41.44% | 79.04% | 69.68% | 23.76% | 7.60% | 15.03% |
| Research & Development | 3.50M | 11.82M | 4.57M | 140.00K | 0.00 | 0.00 |
| General & Administrative | 0.00 | 75.84M | 57.22M | 27.01M | 11.10M | 14.57M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 79.25M | 75.84M | 57.22M | 27.01M | 11.10M | 14.57M |
| Other Expenses | 0.00 | 1.48M | 2.38M | 2.26M | 2.09M | 0.00 |
| Operating Expenses | 82.74M | 89.13M | 64.16M | 29.26M | 13.20M | 18.58M |
| Cost & Expenses | 231.17M | 199.71M | 164.80M | 102.40M | 81.03M | 75.87M |
| Interest Income | 326.00K | 19.83M | 353.00K | 163.00K | 461.00K | 5.02M |
| Interest Expense | 5.58M | 5.79M | 8.90M | 5.01M | 3.41M | 0.00 |
| Depreciation & Amortization | 56.62M | 19.83M | 26.76M | 9.19M | 6.78M | 4.45M |
| EBITDA | 94.95M | 366.77M | 195.86M | -25.27M | 3.44M | -4.43M |
| EBITDA Ratio | 37.46% | 65.84% | 51.49% | 23.95% | 1.83% | -6.57% |
| Operating Income | 22.28M | 327.41M | 165.35M | 25.23M | -3.34M | -8.88M |
| Operating Income Ratio | 8.79% | 62.07% | 49.81% | 18.79% | -4.55% | -13.18% |
| Total Other Income/Expenses | 10.80M | 13.74M | -5.15M | -4.76M | 866.00K | -4.58M |
| Income Before Tax | 33.08M | 341.15M | 160.20M | -39.46M | -6.75M | -13.47M |
| Income Before Tax Ratio | 13.05% | 64.67% | 48.26% | -29.38% | -9.20% | -19.97% |
| Income Tax Expense | 8.77M | 52.15M | 25.16M | -17.64M | 1.00K | 1.00K |
| Net Income | 24.31M | 289.00M | 135.04M | -21.83M | -6.76M | -13.47M |
| Net Income Ratio | 9.59% | 54.79% | 40.68% | -16.25% | -9.20% | -19.97% |
| EPS | 0.14 | 1.64 | 0.78 | -0.27 | -0.10 | -0.20 |
| EPS Diluted | 0.14 | 1.52 | 0.73 | -0.27 | -0.10 | -0.20 |
| Weighted Avg Shares Out | 177.18M | 176.52M | 173.47M | 79.69M | 66.56M | 66.56M |
| Weighted Avg Shares Out (Dil) | 178.15M | 193.45M | 189.84M | 79.69M | 68.88M | 68.88M |
MP Materials: Geopolitical Wager On REE Industry Fragmentation
MP is positioned uniquely to become the sole fully integrated producer of rare earths in the Western Hemisphere. The company's Mountain Pass Mine produces 15 % of REE globally. The company has the financial resources to achieve its goals. Its...
Is Most-Watched Stock MP Materials Corp. (MP) Worth Betting on Now?
Zacks.com users have recently been watching MP Materials Corp. (MP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
MP Materials to Participate in Upcoming Conferences
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) today announced that Ryan Corbett, Chief Financial Officer, will participate in the following conferences: The Jefferies Industrials Conference on Thursday, September 7, 2023, at 10:30 a.m. Eastern Time. Morgan Stanley's 11th...
MP Material stock rises as JPMorgan initiates coverage at overweight
MP Material Corp. stock MP stock was up by 2.4% in premarket trades Thursday after analysts at J.P. Morgan initiated coverage of the rare earths producer with an overweight rating and price target of $27 a share.
MP Materials Corp. (MP) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching MP Materials Corp. (MP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Top 5 Materials Stocks You'll Regret Missing This Quarter - Chemours (NYSE:CC), Ecovyst (NYSE:ECVT)
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
MP Materials Corp. (MP) Is a Trending Stock: Facts to Know Before Betting on It
MP Materials Corp. (MP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
MP Materials: It's A Good Time To Make A Move
MP Materials' revenue dropped 55% in Q2 2023 due to a price decrease for global commodities. The company's operating leverage and solid cash position will help navigate the volatile period. MP Materials' execution has been strong, and its investments in...
MP Materials: Farm To Table, Mining Edition
MP Materials Corp. is a leading producer of rare earth materials, which are essential for high-tech applications in green energy and digital technologies. The company is transitioning towards producing and selling separated rare earth products globally, moving up the value...
MP Materials Brings Rare-Earth Production Back to America, but at What Cost?
MP Materials beat on both the top and bottom lines last week. Earnings were down 90% year over year -- but analysts had expected even worse.
Source: https://incomestatements.info
Category: Stock Reports