MP Materials Past Earnings Performance

Past criteria checks 0/6

MP Materials has been growing earnings at an average annual rate of 16%, while the Metals and Mining industry saw earnings growing at 13.4% annually. Revenues have been growing at an average rate of 15.9% per year.

Key information

16.0%

Earnings growth rate

5.2%

EPS growth rate

Metals and Mining Industry Growth	29.2%
Revenue growth rate	15.9%
Return on equity	-5.6%
Net Margin	-32.2%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How MP Materials makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:55H0 Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	184	-59	86
30 Jun 24	174	-38	84
31 Mar 24	206	3	81
31 Dec 23	253	24	79
30 Sep 23	305	108	78
30 Jun 23	377	175	76
31 Mar 23	457	241	75
31 Dec 22	528	289	76
30 Sep 22	533	271	76
30 Jun 22	509	251	70
31 Mar 22	438	204	63
31 Dec 21	332	135	57
30 Sep 21	275	110	41
30 Jun 21	216	82	35
31 Mar 21	174	-8	29
31 Dec 20	134	-22	23
30 Sep 20	113	-45	15
30 Jun 20	99	-57	13
31 Mar 20	81	0	11
31 Dec 19	73	-7	11
31 Dec 18	67	-13	15

Quality Earnings: 55H0 is currently unprofitable.

Growing Profit Margin: 55H0 is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 55H0 is unprofitable, but has reduced losses over the past 5 years at a rate of 16% per year.

Accelerating Growth: Unable to compare 55H0's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 55H0 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-2.3%).

Return on Equity

High ROE: 55H0 has a negative Return on Equity (-5.57%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/02 09:02
End of Day Share Price	2025/01/02 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MP Materials Corp. is covered by 18 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Kallo	Baird
Subhasish Chandra	Benchmark Company
Gregory Jones	BMO Capital Markets Equity Research