MP Materials (MP) FY2024 results: revenue $204 million, down 19.6% on the year
MP Materials Corp. (MP) reported revenue of $204 million for fiscal 2024, the year ended 31 December 2024, down 19.6% on the year before. Net income was -$65 million, and diluted earnings per share $-0.57. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$204 million
-19.6% on the year
FY2019FY2024
Operating margin
-83.1%
-7.0% a year earlier
FY2019FY2024
Net income
-$65 million
FY2019FY2024
Diluted EPS
-$0.57
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
13.3
62.7
344
-78.7%
Capital expenditure
186
262
327
-28.8%
Free cash flow
-173
-199
16.9
Free cash flow margin
-84.9%
-78.6%
3.2%
Cash from investing
10.1
68.7
-1,357
-85.4%
Cash from financing
-4.8
-9.9
-24.2
Depreciation and amortisation
78.1
55.7
18.4
+40.1%
Share-based compensation
23.2
25.2
31.8
-8.1%
Buybacks
225
0.0
0.0
Diluted shares, weighted
170m
178m
193m
-4.6%
Shares outstanding at period end
163m
178m
178m
-8.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,055
1,366
1,313
-22.8%
Redeemable equity
0.0
n/a
n/a
Debt
909
682
678
+33.2%
Operating lease liabilities
5.8
6.8
0.0
-15.1%
Finance lease liabilities
0.2
0.4
0.2
-43.8%
Other liabilities
364
281
246
+29.3%
Total liabilities and equity
2,334
2,336
2,238
-0.1%
Fixed assets
1,251
1,158
936
+8.1%
Intangible assets
7.4
8.9
0.1
-17.0%
Investments
568
734
1,046
-22.6%
Cash and equivalents
282
263
137
+7.2%
Receivables
18.6
10.0
32.9
+85.9%
Inventory
108
95.2
57.6
+13.4%
Other assets
97.3
66.5
29.2
+46.4%
Total assets
2,334
2,336
2,238
-0.1%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.