MP Materials Corp (MP)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -93,347 | 33,075 | 341,152 | 160,195 | -39,461 |
| Revenue | US$ in thousands | 203,855 | 253,445 | 527,510 | 331,952 | 134,310 |
| Pretax margin | -45.79% | 13.05% | 64.67% | 48.26% | -29.38% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-93,347K ÷ $203,855K
= -45.79%
The pretax margin for MP Materials Corp has exhibited significant fluctuations over the years based on the provided data.
- In December 31, 2020, the pretax margin was reported at -29.38%, indicating that the company incurred a loss before tax.
- Subsequently, the pretax margin experienced a sharp turnaround by December 31, 2021, reaching 48.26%, reflecting a substantial increase in profitability.
- The trend continued in December 31, 2022, with the pretax margin further improving to 64.67%, demonstrating strong operational performance.
- However, by December 31, 2023, there was a notable decrease in the pretax margin to 13.05%, suggesting a potential dip in profitability.
- The downward trend intensified by December 31, 2024, as the pretax margin plummeted to -45.79%, indicating a significant loss before tax.
Overall, the pretax margin of MP Materials Corp has exhibited volatility and fluctuations over the years, with periods of profitability followed by declines, underscoring the company's changing financial performance.
Peer comparison
Dec 31, 2024