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MP Materials Corp., including its subsidiaries (the Company, MP Materials, we, our, and us ), is the largest producer of rare earth materials in the Western Hemisphere. Headquartered in Las Vegas, Nevada, the Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility ( Mountain Pass ) located near Mountain Pass, San Bernardino County, California, the only rare earth min…
$67.43
$1.70 (-2.46%)
Price from 26 days ago
The business is unprofitable at the operating level (-66.55% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 10.1% YoY with margins expanding 16.6pp.
Negative free cash flow of -$328M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$254M
▲ +10.1% YoY
Net Income (TTM)
-$71M
▼ -31.3% YoY
Op. Margin
-54.55%
▲ +16.6pp YoY
ROIC
-4.03%
▲ +1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$314M
▼ -89.6% YoY
Op. Cash Flow (TTM)
-$94M
▼ -1266.8% YoY
Net Debt
-$721M
Net Cash Position
Cash & Equiv.
$1.74B
5Y CAGR: +10.8%
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