See more : Trimax Corporation (TMXN) 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.
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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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Glancy Prongay & Murray LLP Announces Investigation of MP Materials Corp. (MP)
NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of MP Materials Corp. (NYSE: MP) concerning the Company and its directors' and officers' possible violations of state laws. If you own MP Materials stock, would like to learn...
MP Materials: Close To Complete Its Full Integration
The rare earth market has suffered from depressed oxide prices due to weaker economic growth. MP Material is however advancing well and is one year ahead of a full integration of its value chain: from the aggregate ore, and oxide...
RIO vs. MP: Which Stock Is the Better Value Option?
Investors looking for stocks in the Mining - Miscellaneous sector might want to consider either Rio Tinto (RIO) or MP Materials Corp. (MP). But which of these two stocks offers value investors a better bang for their buck right now?
MP Materials Starts Shipping Rare Earth Metals -- at the Worst Time Possible
MP Materials beat earnings estimates -- but still lost money -- in Q3. Crashing rare earth metals prices pushed the company into a loss even on steady sales.
MP Materials Corp. (MP) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to MP Materials Corp. (MP). This makes it worthwhile to examine what the stock has in store.
Rare earth metals producer MP Materials posts net loss in Q3 on lower commodity prices
(Kitco News) - On Thursday, rare earth metals producer MP Materials (NYSE: MP) announced that in Q3 2023, the company produced 10,766 tonnes of rare earth oxides (REO) in concentrate, down 1.1% from Q3 2022 (10,886 tonnes).
MP Materials Corp. (MP) Q3 2023 Earnings Call Transcript
MP Materials Corp. (NYSE:MP ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Martin Sheehan - Head, Investor Relations Jim Litinsky - Founder, Chairman and Chief Executive Officer Michael Rosenthal - Founder and Chief Operating...
MP Materials Reports Third Quarter 2023 Results
LAS VEGAS--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) (“MP Materials” or the “Company”), today announced financial results for the three months ended September 30, 2023. “In the third quarter, we produced separated NdPr on U.S. soil, repatriating a critical...
MP Materials (MP) to Report Q3 Earnings: Here's What to Expect
MP Materials' (MP) third-quarter 2023 results are likely to reflect weak pricing and higher costs.
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Category: Stock Reports