YOLFTbeta
MP Materials Corp

MP Materials Corp

MP · NYSE · Basic Materials / Other Industrial Metals & Mining

38.76USD+1.31 (+3.50%)

Price History

Full chart

Market Stats

Previous Close37.45
Open37.34
Day Range37.20 – 39.80
52-Week Range37.81 – 100.25
Volume7.86M
Market Cap8.70B
P/E (TTM)0.00
Forward P/E47.39
EPS-0.33
Dividend Yield0.00%
Beta1.95
50-Day Avg50.86
200-Day Avg57.06

About

MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products, including NdPr metal; and manufactures NdFeB permanent magnets. MP Materials Corp. was founded in 2017 and is headquartered in Las Vegas, Nevada.

Company Details

  • SectorBasic Materials
  • IndustryOther Industrial Metals & Mining
  • CEOMr. James Henry Litinsky
  • Employees998
  • Headquarters1700 S. Pavilion Center Drive, Las Vegas, NV, United States, 89135, USA
  • Websitehttps://mpmaterials.com

Leadership

  • Mr. James Henry LitinskyCo-Founder, Chairman, President & CEO · b. 1979
  • Mr. Michael Stuart RosenthalCo-Founder & COO · b. 1979
  • Mr. Ryan S. CorbettChief Financial Officer · b. 1990
  • Mr. Elliot Dean HoopsGeneral Counsel & Corporate Secretary · b. 1975
  • Mr. David Gregory InfusoChief Accounting Officer & Principal Accounting Officer · b. 1985
  • Mr. Zachary LehmanChief Technology Officer
  • Mr. Martin SheehanSenior Vice President of Investor Relations
  • Mr. Matt SloustcherExecutive VP of Corporate Affairs & Chief Communications Officer
  • Dr. Alan C. Lund Ph.D.Executive Vice President of Magnetics
  • Mr. Todd LitinskyExecutive Vice President of Strategic Planning

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue67.42M73.41M134.31M331.95M527.51M253.44M203.85M224.44M
Growth (%)-+8.89%+82.96%+147.15%+58.91%-51.95%-19.57%+10.10%
Cost of Revenue57.28M67.83M70.73M100.64M110.57M148.42M270.64M282.06M
Gross Profit10.13M5.58M63.58M231.32M416.94M105.02M-66.79M-57.62M
Gross Margin15.03%7.60%47.34%69.68%79.04%41.44%-32.76%-25.67%
Operating Expense19.02M13.20M98.28M65.97M89.53M122.74M102.64M87.47M
Operating Income-8.88M-7.62M-34.70M165.34M327.41M-17.72M-169.43M-145.09M
Operating Margin-13.18%-10.38%-25.84%49.81%62.07%-6.99%-83.11%-64.64%
EBITDA-4.43M1.34M-27.52M193.48M365.29M94.04M7.72M2.97M
EBITDA Margin-6.57%1.83%-20.49%58.29%69.25%37.10%3.79%1.33%
Net Income-13.47M-6.75M-21.82M135.04M289.00M24.31M-65.42M-85.87M
Net Income Margin-19.97%-9.20%-16.25%40.68%54.79%9.59%-32.09%-38.26%
R&D-0140.00K4.20M4.25M14.93M9.31M24.21M
R&D as % of Total Revenue-0.00%0.10%1.26%0.81%5.89%4.57%10.79%
Interest Expense5.02M3.41M5.01M8.90M5.79M5.25M23.01M31.48M
Interest Expense % of Total Revenue7.44%4.65%3.73%2.68%1.10%2.07%11.29%14.03%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets96.27M101.79M1.07B1.89B2.24B2.34B2.33B4.01B
Total Liabilities107.54M119.82M220.41M880.93M925.15M970.67M1.28B1.62B
Total Equity-11.27M-18.02M853.88M1.01B1.31B1.37B1.05B2.39B
Cash2.83M2.76M519.65M1.18B136.63M263.35M282.44M1.17B
Total Debt20.93M18.67M70.82M691.82M678.46M688.81M914.53M1.04B
Net Debt18.09M15.91M-448.84M-487.48M541.83M425.46M632.09M-122.93M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow20.20M-437.00K3.28M101.97M343.51M62.70M13.35M-155.75M
Investing Cash Flow-5.88M5.62M-22.37M-119.36M-1.36B68.70M10.06M-206.05M
Financing Cash Flow-30.74M-4.10M521.96M666.11M-24.19M-9.92M-4.79M1.25B
Capital Expenditure7.79M2.27M22.37M123.87M326.60M261.90M186.42M172.38M
Free Cash Flow12.41M-2.71M-19.09M-21.90M16.92M-199.20M-173.07M-328.13M
Dividends Paid--996.00K-----
FCF to OCF61.43%620.37%-582.64%-21.48%4.93%-317.71%-1296.49%210.67%
Dividend Paid to FCF---5.22%-----

Earnings

Report DateJun 9, 2020Jul 31, 2020Nov 18, 2020Mar 18, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 24, 2022May 5, 2022Aug 5, 2022Nov 3, 2022Feb 23, 2023May 4, 2023Aug 3, 2023Nov 2, 2023Feb 22, 2024May 2, 2024Aug 1, 2024Nov 7, 2024Feb 20, 2025May 8, 2025Aug 7, 2025Nov 6, 2025Feb 26, 2026May 7, 2026Aug 6, 2026Nov 5, 2026
EPS Estimate0.00-0.060.080.080.130.170.240.400.350.300.170.190.070.01-0.04-0.03-0.09-0.13-0.13-0.12-0.19-0.160.02-0.04-0.02-0.05
EPS Actual0.00-0.010.080.180.130.170.270.310.500.430.360.420.270.090.04-0.02-0.04-0.17-0.12-0.12-0.12-0.16-0.100.060.03-0.05-
Surprise--33.05%125.00%62.50%30.77%58.82%29.17%25.00%22.86%20.00%147.06%42.11%28.57%300.00%50.00%-33.33%-88.89%7.69%9.16%0.00%15.79%37.50%200.00%175.00%-150.00%-
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap8.70B
Enterprise Value8.19B
Trailing P/E0.00
Forward P/E47.39
Price / Sales20.89
Price / Book4.45
EPS-0.33
Book Value10.99
Revenue (TTM)416.25M
Gross Profit (TTM)176.18M
EBITDA40.68M
Profit Margin-14.56%
Operating Margin-14.72%
Return on Equity-3.59%
Return on Assets-1.53%
Shares Outstanding178.10M
Shares Float144.32M
Beta1.95
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 9 analystsTarget 74.29
  • Strong Buy
    6
  • Buy
    1
  • Hold
    2

Ownership Breakdown

Institutions
77.56%
Insiders
19.62%
Retail / Other
2.82%

Top Institutional Holders

  • BlackRock Inc
    14.75M8.28%
  • State Street Corp
    7.40M4.15%
  • Vanguard Capital Management, LLC
    6.87M3.86%
  • Vanguard Portfolio Management, LLC
    6.77M3.80%
  • D. E. Shaw & Co LP
    5.83M3.27%
  • Morgan Stanley - Brokerage Accounts
    5.55M3.12%
  • Van Eck Associates Corporation
    4.59M2.58%
  • Amvescap Plc.
    3.80M2.13%
  • UBS Group AG
    3.47M1.95%
  • Cooperman Leon G
    3.00M1.68%
  • JPMorgan Chase & Co
    2.92M1.64%
  • Reaves W H & Co Inc
    2.61M1.46%
  • Geode Capital Management, LLC
    2.52M1.41%
  • Dimensional Fund Advisors, Inc.
    2.20M1.23%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    5.10M2.86%
  • iShares Core S&P Mid-Cap ETF
    4.74M2.66%
  • Vanguard Small Cap Index
    3.69M2.07%
  • Stt Strt®SPDR®S&P®Mtls &MngETF
    3.48M1.95%
  • VanEck Rare Earth & Strat Mtls ETF
    2.79M1.57%
  • Reaves Utility Income
    2.46M1.38%