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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.
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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 |
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Why MP Materials Stock Just Crashed 10%
Low prices for rare earth oxide resulted in another big loss for MP Materials this quarter. The rare earth mining stock is down on falling sales and a flip from profits to losses.
MP Materials Corp. (MP) Q2 2024 Earnings Call Transcript
MP Materials Corp. (NYSE:MP ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Martin Sheehan - Head of Investor Relations James H. Litinsky - Founder, Chairman, and Chief Executive Officer Ryan S.
MP Materials Corp. (MP) Reports Q2 Loss, Misses Revenue Estimates
MP Materials Corp. (MP) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to earnings of $0.09 per share a year ago.
Analysts Estimate MP Materials Corp. (MP) to Report a Decline in Earnings: What to Look Out for
MP Materials (MP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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ALGT, CRC and MP have been added to the Zacks Rank #5 (Strong Sell) List on July 25, 2024.
Wrong On Timing, Right On Thesis: Why MP Materials Is Still A Strong Buy
MP Materials' stock has fallen since April, despite its critical role in rare earth supply chains. The company remains well-positioned for future growth due to its strong production capabilities. A robust balance sheet and high-quality production offer resilience. The long-term...
MP Materials to Participate in the J.P. Morgan 2024 Energy, Power and Renewables Conference
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) today announced that James Litinsky, Founder, Chairman, and Chief Executive Officer, will participate in the J.P. Morgan 2024 Energy, Power and Renewables Conference on Monday, June 17, 2024, at 1:45 p.m....
MP Materials to Participate in the Baird Global Consumer, Technology & Services Conference
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) today announced that Ryan Corbett, Chief Financial Officer, will participate in the Baird Global Consumer, Technology & Services Conference on Thursday, June 6, 2024, at 10:15 a.m. Eastern Time. Live webcasts...
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Source: https://incomestatements.info
Category: Stock Reports