Market value is $6.31B, which makes it a mid-cap company (market value of $2B to $10B). Price-to-book is 3.24, at or below 5. EV/EBITDA is 84.04, above 20. 1 of 2 of these measures is above the level often used to mark a high valuation (P/E 30, price-to-book 5, EV/EBITDA 20).

Valuation Metrics

Ratios and multiples

Forward P/E

47.72

EV/Revenue (TTM)11.39

Financial Health

Liquidity and leverage

ROE (TTM)-1.67%

ROA (TTM)-0.96%

Debt/Equity (MRQ)0.40

The company's financial health appears moderate. Moderate ROE and moderate ROA reflect reasonably efficient capital use. Debt is manageable within acceptable ranges.

Valuation Multiples

Current valuation metrics

P/B Ratio3.24

P/S Ratio12.16

EV/EBITDA84.04

Quarterly Earnings History

Recent quarterly financial performance and trends

Latest Quarter

Quarter ended Jun 2026

Revenue

$108.49M

Net Income

-$20.30M

EPS (Diluted)

-$0.11

Quarter	Revenue	Net Income	Gross Profit	EPS (Basic)	EPS (Diluted)	Gross Margin	Net Margin
Jun 2026(Latest)	$108.49M	-$20.30M	$819.00K	-$0.11	-$0.11	0.8%	-18.7%
Mar 2026	$90.65M	-$7.97M	-$15.73M	-$0.04	-$0.04	N/A	-8.8%
Dec 2025	$52.69M	$9.43M	-$16.97M	$0.05	$0.05	N/A	17.9%
Sep 2025	$53.55M	-$41.78M	-$17.42M	-$0.24	-$0.24	N/A	-78.0%
Jun 2025	$57.39M	-$30.87M	-$13.82M	-$0.19	-$0.19	N/A	-53.8%

Key Insights:

Revenue increased by 19.7% from previous quarter
Net margin of -18.7% indicates low profitability
EPS declined by 175.0% quarter-over-quarter

Financial Efficiency

Utilization and collections performance

Asset Turnover 0.13 indicates low efficiency. Receivables Turnover 35.41 and DSO 10.31 reflect excellent collections. Working Capital Turnover 0.28 means yearly revenue is 0.28 times working capital. ROIC -1.3% highlights weak capital returns.

Efficiency Metrics

Asset Turnover0.13

Receivables Turnover35.41

Working Capital Turnover0.28

Days Sales Outstanding10.31

Days Inventory Outstanding222.01

ROIC (TTM)-1.3%

Inventory Turnover1.64

Cash Conversion Cycle184.88

Profitability & Growth

Margins and earnings power

Revenue (TTM)

$518.46M

+190.9% latest quarter vs year ago

Profit Margin (TTM)

-7.63%

Operating Margin (TTM)

-14.16%

Gross Profit (TTM)

$241.24M

Gross Margin 46.53%

EBITDA (TTM)

$70.26M

EBITDA Margin 13.55%

Net Income (TTM)

-$39.55M

Efficiency Performance Matrix

4-quadrant analysis of operational efficiency vs profitability

Efficiency vs Profitability Quadrants

High Efficiency
High Margin

High Efficiency
Low Margin

Low Efficiency
High Margin

Low Efficiency
Low Margin

Efficiency Analysis

Asset Turnover

Efficiency:0.13x

Margin:46.5%

Quadrant:Margin-Driven

Receivables Turnover

Efficiency:35.41x

Margin:-14.2%

Quadrant:Efficiency-Driven

Working Capital

Efficiency:0.28x

Margin:-7.6%

Quadrant:Weak Operations

Overall Efficiency Score

Mixed efficiency profile requiring targeted improvements

⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.

• Bubble size represents ROIC magnitude

• Green (Optimal): Excellent efficiency-profitability balance

• Blue (Efficiency-Driven): High turnover, room to improve margins

• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency

• Red (Weak Operations): Areas needing improvement on both dimensions

Market Data & Share Structure

Comprehensive valuation metrics and ownership breakdown

Market Data & Capitalization

Market Cap

$6.31B

Mid-cap (market value of $2B to $10B)

Enterprise Value

$5.90B

EV 6% < Market Cap: Net cash position

Next Earnings Date

N/A

Scheduled quarterly results announcement

Share Statistics & Ownership

Shares Outstanding

178.10M

Total shares issued and held by all shareholders

Shares Float

144.43M

81% float - good liquidity

Institutional Ownership

78.38%

High - professional investor base

Insider Ownership

19.62%

High alignment - strong insider conviction

Shares Short

36.24M

25.1% of float - high short interest

Implied Shares Outstanding

178.10M

Matches reported shares - consistent data

Profitability Margin Pyramid

Hierarchical view of margin compression from revenue to net income

Margin Hierarchy by Profitability Level

100.0%

Revenue

$518.46M

46.5%

Gross Profit

$241.24M

13.6%

EBITDA

$70.26M

-7.6%

Net Income

-$39.55M

Margin Profile:

Revenue— 100.0% margin (Top line revenue generation)

Gross Profit— 46.5% margin (Revenue minus cost of goods sold)

EBITDA— 13.6% margin (Earnings before interest, taxes, depreciation, and amortization)

Net Income— -7.6% margin (Bottom line profitability after all expenses)

Margin Analysis

Total Revenue

Amount:$518.46M

Margin:100.0%

Top line revenue generation

Gross Profit

Amount:$241.24M

Margin:46.5%

Revenue minus cost of goods sold

EBITDA

Amount:$70.26M

Margin:13.6%

Earnings before interest, taxes, depreciation, and amortization

Net Income

Amount:-$39.55M

Margin:-7.6%

Bottom line profitability after all expenses

Margin Quality Assessment

Thin margins indicating potential profitability challenges

• Larger circles represent higher dollar amounts

• Margin percentages show profitability at each level

• Blue: Revenue base

• Green: Gross profitability

• Yellow: Operating performance

• Red: Net profitability

Operating Cash & Liquidity

Core cash generation and short-term solvency

Cash Flow Analysis

Operating Cash Flow (TTM)

-$83.96M

Cash from core operations

Free Cash Flow (TTM)

-$504.58M

Available after capex

Financial Position & Liquidity

Current Ratio

6.76

Healthy

Quick Ratio

5.96

Strong

Net Cash

$401.66M

Net creditor

Total Cash

$1.34B

Balance sheet cash

Total Debt

$936.25M

Outstanding borrowings

Cash Conversion Cycle

Working capital efficiency measurement

Days Sales Outstanding

10.3

days to collect payment

Days Inventory Outstanding

222.0

days to turn inventory

Cash Conversion Cycle

184.9

net days of cycle

Extended cash conversion cycle may tie up working capital.

Ownership & Shareholder Sentiment

Insider, institutional, and short interest positions

Insider Ownership

19.62%

Strong confidence

Institutional Ownership

78.38%

Majority backing

Short % of Float

22.13%

Heavy bearish

Short Ratio (Days)

6.5d

days to cover

Ownership structure shows strong insider confidence and institutional majority backing.

Dividends & Shareholder Returns

Policy stance and implications

The company does not currently pay a regular dividend.

Trailing Dividend Rate

Trailing Dividend Yield

0.00%

Forward Annual Dividend Yield

0.00%

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MP Materials Corp.(MP)Fundamental Analysis & FinancialsNYSE

Valuation, growth, margins and balance sheet

Valuation Snapshot

Valuation Metrics

Financial Health

Valuation Multiples

Quarterly Earnings History

Financial Efficiency

Efficiency Metrics

Profitability & Growth

Efficiency Performance Matrix

Efficiency vs Profitability Quadrants

Efficiency Analysis

Asset Turnover

Receivables Turnover

Working Capital

Overall Efficiency Score

Market Data & Share Structure

Market Data & Capitalization

Share Statistics & Ownership

Profitability Margin Pyramid

Margin Hierarchy by Profitability Level

Margin Analysis

Total Revenue

Gross Profit

EBITDA

Net Income

Margin Quality Assessment

Operating Cash & Liquidity

Cash Flow Analysis

Financial Position & Liquidity

Cash Conversion Cycle

Ownership & Shareholder Sentiment

Dividends & Shareholder Returns

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MP Materials Corp.(MP)Fundamental Analysis & Financials
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