Cash flow MP Materials Corp.

Equities

MP

US5533681012

Non-Gold Precious Metals & Minerals

Market Closed - Nyse Other stock markets 21:00:02 13/05/2026 BST			After hours 01:00:00
63.73 ^USD	-2.84%		65.12	+2.17%

05-08	MP Materials Reports 'Strong' Q1 Performance, Wedbush Says	MT
05-08	Wedbush Raises MP Materials Price Target to $100 From $90 After 'Strong' Q1, Maintains Outperform Rating	MT

9ee0fdf105.SZw3gp7oNjdDp77WT0TNUEqdiSC13l5TIiS4X0rhbBM.Hs1cuuaDdAFu1OflJReGGD7S42zdgWoHD0D6NwnUGEcg6GSz9LB9e3HVig

Published financial data: MP MATERIALS CORP.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	332M	528M	253M	204M	224M
Other Revenues, Total	-	-	-	-	51.02M
Total Revenues	332M	528M	253M	204M	275M
Cost of Goods Sold, Total	78.06M	92.22M	92.71M	193M	193M
Gross Profit	254M	435M	161M	11.27M	82.67M
Selling General & Admin Expenses, Total	40.92M	75.84M	79.24M	83.3M	112M
Stock-Based Compensation (IS)	-	373K	73K	417K	1.05M
Pre-Opening Costs	-	-	-	-	76K
Depreciation & Amortization - (IS)	24.38M	18.36M	55.71M	78.06M	89.27M
Other Operating Expenses	6.95M	12.92M	15.77M	11.82M	5.68M
Other Operating Expenses, Total	72.24M	107M	151M	174M	208M
Operating Income	182M	328M	9.94M	-162M	-125M
Interest Expense, Total	-8.9M	-5.79M	-5.25M	-23.01M	-31.48M
Interest And Investment Income	353K	19.8M	55.64M	47.11M	52.02M
Net Interest Expenses	-8.55M	14.01M	50.38M	24.1M	20.53M
Other Non Operating Income (Expenses)	-	27K	39K	-341K	9.77M
EBT, Excl. Unusual Items	173M	342M	60.36M	-139M	-95.17M
Merger & Related Restructuring Charges	-15.3M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-300K	372K	-595K	1.3M
Gain (Loss) On Sale Of Assets	-	-391K	-826K	-1.42M	-466K
Legal Settlements	-1M	-	-	-	-
Other Unusual Items	3.4M	-	-26.83M	47.23M	-23.44M
EBT, Incl. Unusual Items	160M	341M	33.08M	-93.35M	-118M
Income Tax Expense	25.16M	52.15M	8.77M	-27.92M	-31.9M
Earnings From Continuing Operations	135M	289M	24.31M	-65.42M	-85.87M
Net Income to Company	135M	289M	24.31M	-65.42M	-85.87M
Net Income - (IS)	135M	289M	24.31M	-65.42M	-85.87M
Net Income to Common Incl Extra Items	135M	289M	24.31M	-65.42M	-85.87M
Net Income to Common Excl. Extra Items	135M	289M	24.31M	-65.42M	-85.87M
Per Share Items
Net EPS - Basic	0.78	1.64	0.14	-0.39	-0.5
Basic EPS - Continuing Operations	0.78	1.64	0.14	-0.39	-0.5
Basic Weighted Average Shares Outstanding	173M	177M	177M	167M	170M
Net EPS - Diluted	0.73	1.52	0.14	-0.57	-0.5
Diluted EPS - Continuing Operations	0.73	1.52	0.14	-0.57	-0.5
Diluted Weighted Average Shares Outstanding	190M	193M	178M	170M	170M
Normalized Basic EPS	0.62	1.21	0.21	-0.52	-0.35
Normalized Diluted EPS	0.57	1.1	0.21	-0.51	-0.35
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	208M	348M	66.55M	-84.26M	-36.2M
EBITA	184M	329M	11.24M	-161M	-113M
EBIT	182M	328M	9.94M	-162M	-125M
EBITDAR	210M	350M	70.02M	-79.18M	-29.49M
Total Revenues (As Reported)	332M	528M	253M	-	-
Effective Tax Rate - (Ratio)	15.7	15.29	26.51	29.91	27.09
Current Domestic Taxes	7.73M	34.36M	313K	-148K	-1.51M
Total Current Taxes	7.73M	34.36M	313K	-148K	-1.51M
Deferred Domestic Taxes	17.42M	17.79M	8.46M	-27.78M	-30.39M
Total Deferred Taxes	17.42M	17.79M	8.46M	-27.78M	-30.39M
Normalized Net Income	108M	214M	37.72M	-86.6M	-59.48M
Interest Capitalized	264K	360K	326K	391K	6.18M
Interest on Long-Term Debt	9.17M	6.15M	5.58M	23.4M	37.66M
Supplemental Operating Expense Items
General and Administrative Expenses	40.92M	-	-	-	-
Net Rental Expense, Total	1.94M	1.93M	3.46M	5.08M	6.71M
Imputed Operating Lease Interest Expense	367K	137K	224K	1.18M	2.07M
Imputed Operating Lease Depreciation	1.58M	1.8M	3.24M	3.9M	4.64M
Stock-Based Comp., COGS (Total)	4.29M	2.85M	3.93M	3.31M	6.91M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	28.55M	20.51M	19.07M	22.2M
Stock-Based Comp., Other (Total)	18.64M	373K	796K	798K	1.05M
Total Stock-Based Compensation	22.93M	31.78M	25.24M	23.18M	30.16M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.18B	137M	263M	282M	1.17B
Short Term Investments	-	1.05B	734M	568M	664M
Total Cash And Short Term Investments	1.18B	1.18B	998M	851M	1.83B
Accounts Receivable, Total	51.01M	32.86M	10.03M	18.87M	14.64M
Other Receivables	-	4.7M	20.2M	44.07M	132M
Total Receivables	51.01M	37.56M	30.23M	62.94M	147M
Inventory	38.69M	57.55M	95.18M	108M	172M
Prepaid Expenses	6.46M	10.08M	6.63M	8.79M	17.27M
Restricted Cash	1.34M	6.29M	1.29M	812K	-
Total Current Assets	1.28B	1.29B	1.13B	1.03B	2.17B
Gross Property Plant And Equipment	651M	994M	1.28B	1.45B	1.66B
Accumulated Depreciation	-39.63M	-58.74M	-115M	-192M	-273M
Net Property Plant And Equipment	612M	936M	1.17B	1.26B	1.38B
Long-term Investments	-	-	9.67M	9.1M	-
Other Intangibles, Total	-	-	8.88M	7.37M	6.18M
Deferred Charges Long-Term	-	-	-	-	2.3M
Other Long-Term Assets, Total	1.15M	8.22M	18.01M	24.68M	307M
Total Assets	1.89B	2.24B	2.34B	2.33B	3.86B
Liabilities
Accounts Payable, Total	35.73M	72.26M	28M	23.56M	36.66M
Accrued Expenses, Total	-	-	27.46M	38.31M	41.39M
Current Portion of Long-Term Debt	18.65M	2.39M	2.11M	2.1M	71.32M
Current Portion of Leases	611K	-	1.15M	1.58M	3.22M
Current Income Taxes Payable	3.46M	21.16M	-	-	2.1M
Unearned Revenue Current, Total	-	-	1.7M	58.88M	76.7M
Other Current Liabilities	1.09M	1.66M	48.13M	39.58M	65.26M
Total Current Liabilities	59.54M	97.48M	109M	164M	297M
Long-Term Debt	682M	683M	685M	909M	952M
Long-Term Leases	554K	-	7.22M	6.02M	8.43M
Unearned Revenue Non Current	-	-	17.43M	63.21M	106M
Deferred Tax Liability Non Current	104M	122M	131M	111M	80.82M
Other Non Current Liabilities	34.32M	22.13M	22.06M	25.36M	28.21M
Total Liabilities	881M	925M	971M	1.28B	1.47B
Preferred Stock Convertible	-	-	-	-	414M
Total Preferred Equity	-	-	-	-	414M
Common Stock, Total	18K	18K	17K	18K	19K
Additional Paid In Capital	936M	951M	980M	961M	1.97B
Retained Earnings	72.42M	361M	386M	320M	234M
Treasury Stock	-	-	-	-227M	-227M
Comprehensive Income and Other	-	189K	145K	173K	387K
Total Common Equity	1.01B	1.31B	1.37B	1.05B	1.98B
Total Equity	1.01B	1.31B	1.37B	1.05B	2.39B
Total Liabilities And Equity	1.89B	2.24B	2.34B	2.33B	3.86B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	178M	178M	178M	163M	178M
ECS Total Common Shares Outstanding	178M	178M	178M	163M	177M
Book Value / Share	5.67	7.39	7.67	6.46	11.16
Tangible Book Value	1.01B	1.31B	1.36B	1.05B	1.97B
Tangible Book Value Per Share	5.67	7.39	7.62	6.42	11.12
Total Debt	702M	686M	695M	919M	1.03B
Net Debt	-477M	-497M	-303M	68.1M	-796M
Debt Equivalent Oper. Leases	15.54M	15.46M	27.7M	40.63M	53.67M
Equity Method Investments, Total	-	-	9.67M	9.1M	-
Account Code - Inventory Valuation	-	3	-	3	3
Inventories - Raw Materials, Total	10.71M	28.59M	42.37M	48.4M	56.49M
Inventories - Work In Process, Total	25.57M	27.21M	43.53M	45.59M	75.45M
Inventories - Finished Goods, Total	2.41M	1.75M	9.28M	13.92M	39.62M
Land - (BS)	61.82M	16.1M	27.09M	42.79M	43.42M
Buildings, Total	8.79M	15.11M	92.2M	96.96M	102M
Machinery, Total	7.92M	186M	503M	662M	756M
Full Time Employees	365	486	681	804	998
Assets under Capital Lease - Gross	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	135M	289M	24.31M	-65.42M	-85.87M
Depreciation & Amortization - CF	24.38M	18.36M	55.31M	76.86M	76.63M
Amortization of Goodwill and Intangible Assets - (CF)	2.38M	1.48M	1.31M	1.2M	12.63M
Depreciation & Amortization, Total	26.76M	19.83M	56.62M	78.06M	89.27M
Amortization of Deferred Charges, Total - (CF)	7.38M	4.03M	3.54M	3.9M	5.41M
(Gain) Loss From Sale Of Asset	569K	391K	808K	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-9.96M	-26.32M	-30.26M	-24.09M
Stock-Based Compensation (CF)	22.93M	31.78M	25.24M	23.18M	30.16M
Other Operating Activities, Total	-39M	4.22M	10.74M	-54.32M	-34.44M
Change In Accounts Receivable	-47.42M	18.15M	22.83M	-8.84M	4M
Change In Inventories	-8.23M	-24.31M	-47.1M	-41.54M	-115M
Change In Accounts Payable	5.53M	1.96M	11.3M	1.33M	9.39M
Change in Unearned Revenues	-	-	19.12M	105M	63.02M
Change In Income Taxes	3.46M	15.5M	-21.16M	-22.84M	23.03M
Change In Deferred Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-5.06M	-7.09M	-17.22M	25.19M	-121M
Cash from Operations	102M	344M	62.7M	13.35M	-156M
Capital Expenditure	-124M	-327M	-262M	-186M	-172M
Sale of Property, Plant, and Equipment	125K	-	18K	-	4.06M
Investment in Marketable and Equity Securities, Total	-	-1.04B	328M	196M	-61.94M
Other Investing Activities, Total	4.38M	5.13M	2.8M	96K	24.2M
Cash from Investing	-119M	-1.36B	68.7M	10.06M	-206M
Long-Term Debt Issued, Total	690M	-	-	748M	61.54M
Total Debt Issued	690M	-	-	748M	61.54M
Long-Term Debt Repaid, Total	-2.44M	-5.83M	-2.73M	-431M	-6.14M
Total Debt Repaid	-2.44M	-5.83M	-2.73M	-431M	-6.14M
Issuance of Common Stock	-	-	-	-	748M
Repurchase of Common Stock	-3.33M	-18.36M	-7.18M	-235M	-10.92M
Issuance of Preferred Stock	-	-	-	-	299M
Other Financing Activities, Total	-18.13M	-	-	-85.98M	154M
Cash from Financing	666M	-24.19M	-9.92M	-4.79M	1.25B
Net Change in Cash	649M	-1.04B	121M	18.62M	884M
Supplemental Items
Cash Interest Paid	1.2M	2.1M	2.06M	12.13M	23.1M
Cash Income Tax Paid (Refund)	4.17M	18.86M	20.1M	870K	-23.32M
Levered Free Cash Flow	8.61M	-29.47M	-185M	-189M	-237M
Unlevered Free Cash Flow	6.79M	-29.88M	-185M	-179M	-223M
Change In Net Working Capital	32.56M	-40.22M	11.21M	-7.93M	91.7M
Net Debt Issued / Repaid	688M	-5.83M	-2.73M	316M	55.4M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.66	9.93	0.27	-4.34	-2.53
Return on Total Capital	8.61	11.05	0.31	-5.03	-2.9
Return On Equity %	14.5	24.9	1.82	-5.41	-4.98
Return on Common Equity	14.5	24.9	1.82	-5.41	-5.66
Margin Analysis
Gross Profit Margin %	76.48	82.52	63.42	5.53	30.01
SG&A Margin	12.33	14.38	31.27	40.86	40.68
EBITDA Margin %	62.78	65.9	26.26	-41.34	-13.14
EBITA Margin %	55.44	62.42	4.44	-79.04	-40.96
EBIT Margin %	54.72	62.14	3.92	-79.63	-45.55
Income From Continuing Operations Margin %	40.68	54.79	9.59	-32.09	-31.18
Net Income Margin %	40.68	54.79	9.59	-32.09	-31.18
Net Avail. For Common Margin %	40.68	54.79	9.59	-32.09	-31.18
Normalized Net Income Margin	32.59	40.5	14.88	-42.48	-21.59
Levered Free Cash Flow Margin	2.59	-5.59	-72.91	-92.8	-86.16
Unlevered Free Cash Flow Margin	2.05	-5.67	-73.01	-87.66	-80.98
Asset Turnover
Asset Turnover	0.22	0.26	0.11	0.09	0.09
Fixed Assets Turnover	0.6	0.68	0.24	0.17	0.21
Receivables Turnover (Average Receivables)	12.16	12.58	11.82	14.11	13.49
Inventory Turnover (Average Inventory)	2.2	1.92	1.21	1.9	1.38
Short Term Liquidity
Current Ratio	21.44	13.27	10.42	6.29	7.3
Quick Ratio	20.66	12.51	9.47	5.57	6.66
Operating Cash Flow to Current Liabilities	1.71	3.52	0.58	0.08	-0.53
Days Sales Outstanding (Average Receivables)	30.02	29.01	30.88	25.95	27.07
Days Outstanding Inventory (Average Inventory)	165.91	190.47	300.65	192.98	264.55
Average Days Payable Outstanding	112.1	177.44	60.66	45.95	42.85
Cash Conversion Cycle (Average Days)	83.82	42.05	270.87	172.97	248.76
Long Term Solvency
Total Debt/Equity	69.58	52.23	50.89	87.12	43.25
Total Debt / Total Capital	41.03	34.31	33.73	46.56	30.19
LT Debt/Equity	67.67	52.05	50.65	86.77	40.13
Long-Term Debt / Total Capital	39.9	34.19	33.57	46.37	28.02
Total Liabilities / Total Assets	46.62	41.34	41.54	54.8	38.09
EBIT / Interest Expense	20.4	56.65	1.89	-7.05	-3.99
EBITDA / Interest Expense	23.62	60.08	13.33	-3.44	-0.94
(EBITDA - Capex) / Interest Expense	9.71	3.64	-36.52	-11.54	-6.41
Total Debt / EBITDA	3.34	1.97	9.93	-11.61	-35.08
Net Debt / EBITDA	-2.27	-1.43	-4.32	-0.86	26.98
Total Debt / (EBITDA - Capex)	8.12	32.58	-3.62	-3.46	-5.13
Net Debt / (EBITDA - Capex)	-5.52	-23.61	1.58	-0.26	3.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	147.15	58.91	-51.95	-19.57	35.12
Gross Profit, 1 Yr. Growth %	272.79	71.45	-63.08	-92.99	633.59
EBITDA, 1 Yr. Growth %	322.74	79.5	-81.26	-228.36	-57.23
EBITA, 1 Yr. Growth %	334.35	94.51	-96.66	-1.66K	-30.13
EBIT, 1 Yr. Growth %	352.84	96.39	-97.04	-1.73K	-22.88
Earnings From Cont. Operations, 1 Yr. Growth %	-718.73	114.02	-91.59	-369.16	31.26
Net Income, 1 Yr. Growth %	-718.73	114.02	-91.59	-369.16	31.26
Normalized Net Income, 1 Yr. Growth %	389.6	115.86	-82.73	-329.56	-31.8
Diluted EPS Before Extra, 1 Yr. Growth %	-366.2	108.07	-90.96	-516.67	-11.69
Accounts Receivable, 1 Yr. Growth %	1.32K	-35.59	-69.48	88.19	-21.47
Inventory, 1 Yr. Growth %	19.89	48.75	65.38	13.37	58.99
Net Property, Plant and Equip., 1 Yr. Growth %	21.35	53.25	24.82	7.9	9.75
Total Assets, 1 Yr. Growth %	75.9	18.42	4.41	-0.12	65.59
Tangible Book Value, 1 Yr. Growth %	18.14	30.13	3.38	-22.8	88.31
Common Equity, 1 Yr. Growth %	18.14	30.13	4.05	-22.76	87.58
Cash From Operations, 1 Yr. Growth %	3.01K	236.87	-81.75	-78.71	-1.27K
Capital Expenditures, 1 Yr. Growth %	453.73	163.66	-19.81	-28.82	-7.53
Levered Free Cash Flow, 1 Yr. Growth %	-195.55	-241K	633.72	1.87	24.25
Unlevered Free Cash Flow, 1 Yr. Growth %	-175.23	1.55K	622.73	-3.9	23.56
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	112.65	98.18	-12.62	-37.84	4.25
Gross Profit, 2 Yr. CAGR %	397.33	152.81	-20.72	-83.91	-28.28
EBITDA, 2 Yr. CAGR %	1.48K	179.5	-41.28	-51.19	-28.3
EBITA, 2 Yr. CAGR %	477.07	196.06	-74.18	-30.69	173.23
EBIT, 2 Yr. CAGR %	388.24	204.68	-75.56	-30.43	192.01
Earnings From Cont. Operations, 2 Yr. CAGR %	347.11	263.89	-57.57	-52.42	87.96
Net Income, 2 Yr. CAGR %	347.11	263.89	-57.57	-52.42	87.96
Normalized Net Income, 2 Yr. CAGR %	406.24	234.48	-38.14	-37.03	20.53
Diluted EPS Before Extra, 2 Yr. CAGR %	168.02	135.34	-56.62	-38.61	92.34
Accounts Receivable, 2 Yr. CAGR %	1.07K	202.57	-55.66	-24.21	20.83
Inventory, 2 Yr. CAGR %	29.57	33.54	56.84	36.93	34.26
Net Property, Plant and Equip., 2 Yr. CAGR %	258.7	36.25	38.35	16.06	8.78
Total Assets, 2 Yr. CAGR %	330.86	44.33	11.2	2.12	28.6
Tangible Book Value, 2 Yr. CAGR %	648.15	23.99	15.98	-10.66	20.57
Common Equity, 2 Yr. CAGR %	648.15	23.99	16.36	-10.35	20.37
Cash From Operations, 2 Yr. CAGR %	1.43K	923.84	-21.59	-80.29	57.61
Capital Expenditures, 2 Yr. CAGR %	638.05	282.1	45.41	-24.45	-18.87
Levered Free Cash Flow, 2 Yr. CAGR %	66.29	56.65	2.12K	166.37	13.97
Unlevered Free Cash Flow, 2 Yr. CAGR %	85.1	57.66	818.06	156.88	10.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	70.12	92.97	23.57	-15	-19.47
Gross Profit, 3 Yr. CAGR %	192.61	248.72	33.14	-64.68	-42.52
EBITDA, 3 Yr. CAGR %	260.97	645.51	14.36	-24.14	-53.22
EBITA, 3 Yr. CAGR %	198.97	290.59	-33.11	-1.51	-30.45
EBIT, 3 Yr. CAGR %	173.45	250.39	-34.47	-0.8	-27.94
Earnings From Cont. Operations, 3 Yr. CAGR %	115.64	249.75	3.66	-21.46	-33.27
Net Income, 3 Yr. CAGR %	115.64	249.75	3.66	-21.46	-33.27
Normalized Net Income, 3 Yr. CAGR %	124.64	269.9	25.47	-4.23	-35.18
Diluted EPS Before Extra, 3 Yr. CAGR %	-	146.32	-20.58	-7.79	-30.7
Accounts Receivable, 3 Yr. CAGR %	509.75	346.14	40.85	-28.21	-23.62
Inventory, 3 Yr. CAGR %	42.14	35.67	43.41	40.76	43.92
Net Property, Plant and Equip., 3 Yr. CAGR %	126.08	170	32.35	27.35	13.89
Total Assets, 3 Yr. CAGR %	169.75	180.13	29.56	7.29	19.97
Tangible Book Value, 3 Yr. CAGR %	320.76	317.62	16.69	1.27	14.54
Common Equity, 3 Yr. CAGR %	320.76	317.62	16.95	1.5	14.66
Cash From Operations, 3 Yr. CAGR %	71.56	822.9	167.46	-49.22	-23.18
Capital Expenditures, 3 Yr. CAGR %	151.46	423.69	127.07	14.6	-19.19
Levered Free Cash Flow, 3 Yr. CAGR %	-	111.54	148.74	695.01	107.24
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	147.07	148.74	333.38	101.96
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	30.32	22.66	15.45
Gross Profit, 5 Yr. CAGR %	-	-	73.81	1.88	3.95
EBITDA, 5 Yr. CAGR %	-	-	71.92	151.41	-4.04
EBITA, 5 Yr. CAGR %	-	-	10.3	96.31	24.6
EBIT, 5 Yr. CAGR %	-	-	2.27	84.37	28.86
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	12.54	57.48	31.52
Net Income, 5 Yr. CAGR %	-	-	12.54	57.48	31.52
Normalized Net Income, 5 Yr. CAGR %	-	-	31.64	82.98	25.51
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	41.3	13.01
Accounts Receivable, 5 Yr. CAGR %	-	-	113.71	119.55	32.47
Inventory, 5 Yr. CAGR %	-	-	47.85	36.17	39.67
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	85.69	92.63	22.37
Total Assets, 5 Yr. CAGR %	-	-	89.24	87.09	29.18
Tangible Book Value, 5 Yr. CAGR %	-	-	151.29	125.36	18.23
Common Equity, 5 Yr. CAGR %	-	-	151.62	125.67	18.3
Cash From Operations, 5 Yr. CAGR %	-	-	25.43	98.15	116.47
Capital Expenditures, 5 Yr. CAGR %	-	-	101.98	141.4	50.44
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	127.37	81.62
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	146.05	79.34