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MP Materials MP Q4 2024 Annual earnings

Reported February 20, 2025 · After market close

Revenue$61.0MBeat by $10.3M
EPS-$0.12Miss by $0.03
Revenue estimate$50.7M
EPS estimate-$0.09

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$97.1M
EPS estimate$0.02

Financials

Q4 2024

Income statement

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Revenue$61.0M+48.0%
Gross profit$2.7M-93.2%
Operating income-$44.0M-30.7%
Net income-$22.3M
EPS (diluted)-$0.13

Balance sheet

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Cash & equivalents$283.6M+7.0%
Total debt$916.3M+32.7%
Total equity$1.1B-22.8%
Total assets$2.3B-0.1%

Cash flow

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Operating cash flow$30.5M
CapEx$41.7M-42.9%
Free cash flow-$11.2M+87.1%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$2.55B-27.8%
Enterprise value$3.18B-19.6%
P/S12.5×-1.4×

Profitability

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Gross margin5.5%-57.9pp
Operating margin-83.1%-91.5pp
Net margin-32.1%
FCF margin-84.9%+7.4pp

Returns & leverage

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Return on equity-5.4%
Debt / equity0.9×+0.4×
Current ratio6.3×-4.1×

Segments

By product

See full
Rare Earth Concentrate$36.0M+18.6%
NdPr Oxide And Metal$7.1M
Other Revenue$453.0K
Magnetic precursor products-

By segment

See full
Materials Segment$61.0M-3.7%
Magnetics Segment-

Versus estimates

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Questions, answered.

When did MP Materials report Q4 2024 earnings?
MP Materials (MP) reported Q4 2024 earnings on February 20, 2025 after market close.
What were MP Materials's Q4 2024 revenue and EPS?
MP Materials reported revenue of $61.0M and eps of $-0.12 for Q4 2024.
Did MP Materials beat estimates in Q4 2024?
Revenue beat the consensus estimate of $50.7M by $10.3M. EPS missed the consensus estimate of $-0.09 by $0.03.
Where can I find MP Materials's Q4 2024 SEC filings?
You can read the 10-K periodic report (0001801368-25-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.