MP Materials Corp (MP)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 24,307 | 107,573 | 175,026 | 240,900 | 289,004 | 270,986 | 250,572 | 204,469 | 135,037 | 110,162 | 82,026 | -7,631 | -21,825 |
| Revenue (ttm) | US$ in thousands | 247,383 | 293,977 | 367,165 | 450,415 | 524,822 | 532,150 | 508,683 | 438,239 | 331,952 | 275,021 | 216,289 | 172,496 | 132,441 |
| Net profit margin | 9.83% | 36.59% | 47.67% | 53.48% | 55.07% | 50.92% | 49.26% | 46.66% | 40.68% | 40.06% | 37.92% | -4.42% | -16.48% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $24,307K ÷ $247,383K
= 9.83%
MP Materials Corporation's net profit margin has shown fluctuations over the past eight quarters. The net profit margin decreased from 54.79% in Q4 2022 to 9.59% in Q4 2023, indicating a significant decline in profitability. However, there was a notable increase in the net profit margin from Q4 2023 to Q3 2023, rising from 9.59% to 35.21%.
Throughout the quarters, the net profit margin has generally remained above 40%, suggesting healthy profitability levels for the company. The highest net profit margin was observed in Q1 2023 at 52.72%.
It is essential to further investigate the factors contributing to the fluctuations in the net profit margin to understand the company's overall financial health and performance.
Peer comparison
Dec 31, 2023