MP Materials
MP · Diversified Metals & Mining
$38.30
0.7%Materion
MTRN · Diversified Metals & Mining
$221.06
0.9%The short version
- Materion is the larger business, with $1.8B of revenue in fiscal 2025 against $224M for MP Materials, about 8.0 times as much.
- MP Materials grew revenue faster (10.1%, against 6.0%).
- Materion kept more of each dollar of sales as operating profit (6.2% operating margin, against −66.6% operating margin).
- Materion turned more of its sales into free cash flow (2.8% FCF margin, against −146.2% FCF margin).
- Materion earned a higher return on the capital invested in it (7.3%, against −10.4%).
| Latest fiscal year | MP · FY25 | MTRN · FY25 |
|---|---|---|
| Size | ||
| Market cap | $6.8B | $4.7B |
| Revenue | $224M | $1.8B |
| Free cash flow | −$328M | $50.0M |
| Net income | −$85.9M | $74.8M |
| Growth | ||
| Revenue growth | 10.1% | 6.0% |
| 5-year growth | 10.8% | 8.7% |
| Share count change | 0.1% | −0.1% |
| Profitability | ||
| Gross margin | — | 17.3% |
| Operating margin | −66.6% | 6.2% |
| Net margin | −38.3% | 4.2% |
| FCF margin | −146.2% | 2.8% |
| Return on capital | −10.4% | 7.3% |
| Return on equity | −5.7% | 8.3% |
| Balance sheet | ||
| Net debt | −$832M | $483M |
| Net debt / EBITDA | — | 2.7x |
| Dividends and buybacks | $0.0M | $19.3M |
| Valuation & quality | ||
| P/E | — | 51.5x |
| Piotroski F-score | 3 | 7 |
FY16
MP —
MTRN $969M
FY17
MP —
MTRN $1.1B
FY18
MP —
MTRN $1.2B
FY19
MP $73.4M
MTRN $1.2B
FY20
MP $134M
MTRN $1.2B
FY21
MP $332M
MTRN $1.5B
FY22
MP $528M
MTRN $1.8B
FY23
MP $253M
MTRN $1.7B
FY24
MP $204M
MTRN $1.7B
FY25
MP $224M
MTRN $1.8B
MP
MTRN
FY16
MP —
MTRN 3.0%
FY17
MP —
MTRN 3.5%
FY18
MP —
MTRN 5.1%
FY19
MP −10.4%
MTRN 6.0%
FY20
MP −25.8%
MTRN 0.7%
FY21
MP 49.8%
MTRN 5.1%
FY22
MP 62.1%
MTRN 6.8%
FY23
MP −7.0%
MTRN 8.2%
FY24
MP −83.1%
MTRN 2.8%
FY25
MP −66.6%
MTRN 6.2%
MP
MTRN
FY16
MP —
MTRN $41.0M
FY17
MP —
MTRN $40.3M
FY18
MP —
MTRN $48.7M
FY19
MP −$2.7M
MTRN $75.0M
FY20
MP −$19.1M
MTRN $33.8M
FY21
MP −$21.9M
MTRN −$12.7M
FY22
MP $16.9M
MTRN $38.4M
FY23
MP −$199M
MTRN $33.9M
FY24
MP −$173M
MTRN $19.2M
FY25
MP −$328M
MTRN $50.0M
MP
MTRN
FY16
MP —
MTRN 6.1%
FY17
MP —
MTRN 4.2%
FY18
MP —
MTRN 12.2%
FY19
MP —
MTRN 10.8%
FY20
MP —
MTRN 1.3%
FY21
MP 33.0%
MTRN 7.7%
FY22
MP 42.2%
MTRN 8.1%
FY23
MP −1.4%
MTRN 9.3%
FY24
MP −12.4%
MTRN 1.8%
FY25
MP −10.4%
MTRN 7.3%
MP
MTRN
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.