MP Materials Past Earnings Performance
Past criteria checks 1/6
MP Materials has been growing earnings at an average annual rate of 49.6%, while the Metals and Mining industry saw earnings growing at 15.8% annually. Revenues have been growing at an average rate of 32.8% per year. MP Materials's return on equity is 1.8%, and it has net margins of 9.6%.
Key information
49.6%
Earnings growth rate
39.8%
EPS growth rate
| Metals and Mining Industry Growth | 30.5% |
| Revenue growth rate | 32.8% |
| Return on equity | 1.8% |
| Net Margin | 9.6% |
| Next Earnings Update | 02 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How MP Materials makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 253 | 24 | 79 | 0 |
| 30 Sep 23 | 305 | 108 | 78 | 0 |
| 30 Jun 23 | 377 | 175 | 76 | 0 |
| 31 Mar 23 | 457 | 241 | 75 | 0 |
| 31 Dec 22 | 528 | 289 | 76 | 0 |
| 30 Sep 22 | 533 | 271 | 76 | 0 |
| 30 Jun 22 | 509 | 251 | 70 | 0 |
| 31 Mar 22 | 438 | 204 | 63 | 0 |
| 31 Dec 21 | 332 | 135 | 57 | 0 |
| 30 Sep 21 | 275 | 110 | 41 | 0 |
| 30 Jun 21 | 216 | 82 | 35 | 0 |
| 31 Mar 21 | 174 | -8 | 29 | 0 |
| 31 Dec 20 | 134 | -22 | 23 | 0 |
| 30 Sep 20 | 113 | -45 | 15 | 0 |
| 30 Jun 20 | 99 | -57 | 13 | 0 |
| 31 Mar 20 | 81 | 0 | 11 | 0 |
| 31 Dec 19 | 73 | -7 | 11 | 0 |
| 31 Dec 18 | 67 | -13 | 15 | 0 |
Quality Earnings: MP * has a high level of non-cash earnings.
Growing Profit Margin: MP *'s current net profit margins (9.6%) are lower than last year (54.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MP * has become profitable over the past 5 years, growing earnings by 49.6% per year.
Accelerating Growth: MP *'s has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MP * had negative earnings growth (-91.6%) over the past year, making it difficult to compare to the Metals and Mining industry average (-33%).
Return on Equity
High ROE: MP *'s Return on Equity (1.8%) is considered low.