MP Materials Corp (MP)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -65,424 | 24,307 | 289,004 | 135,037 | -21,825 |
| Revenue | US$ in thousands | 203,855 | 253,445 | 527,510 | 331,952 | 134,310 |
| Net profit margin | -32.09% | 9.59% | 54.79% | 40.68% | -16.25% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-65,424K ÷ $203,855K
= -32.09%
The net profit margin of MP Materials Corp has shown significant volatility over the years, reflecting fluctuations in the company's profitability.
In December 2020, the net profit margin was negative at -16.25%, indicating that the company was facing challenges in generating profits relative to its revenue. However, this improved significantly by December 2021, reaching a robust 40.68%, signaling a substantial increase in profitability.
By December 2022, the net profit margin saw another notable increase to 54.79%, indicating that the company was achieving higher levels of profitability, possibly due to improved operational efficiency or revenue growth. However, this trend reversed in December 2023, with the net profit margin dropping to 9.59%, suggesting a decline in profitability compared to the previous year.
The net profit margin further deteriorated by December 2024, falling into negative territory again at -32.09%. This negative net profit margin indicates that the company's expenses exceeded its revenue, resulting in a loss for the year.
Overall, the varying levels of net profit margin for MP Materials Corp in the specified years reflect the company's changing financial performance and the challenges it may have faced in maintaining consistent profitability over the period.
Peer comparison
Dec 31, 2024