MP Materials Corp. (MP) Income Statement Analysis

See more : DXI Capital Corp. (DXIEF) 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

MP Materials Corp. (MP)

Industry: Industrial Materials

Sector: Basic Materials

Website: https://mpmaterials.com

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 Reports Fourth Quarter and Full Year 2023 Results

February 22, 2024businesswire.com

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”) today announced its financial results for the fourth quarter and full year ended December 31, 2023. Full Year 2023 Highlights Produced 41,557 metric tons of rare...

MP Materials to Participate in Upcoming Conferences

February 20, 2024businesswire.com

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) today announced that MP Materials will participate in the following conferences: James Litinsky, Founder, Chairman, and Chief Executive Officer, will participate in the BMO 33rd Global Metals, Mining and Critical Minerals...

MP Materials Corp. (MP) Stock Declines While Market Improves: Some Information for Investors

February 7, 2024zacks.com

MP Materials Corp. (MP) closed the most recent trading day at $16.55, moving -0.9% from the previous trading session.

MP Materials Announces Date for Fourth Quarter and Full Year 2023 Financial Results and Webcast

February 1, 2024businesswire.com

LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) will release its financial results for the fourth quarter and year ended December 31, 2023, after the U.S. markets close on Thursday, February 22, 2024. MP Materials' management will host a...