MP Materials Corp.
MP Basic Materials Other Industrial Metals & Mining
In the quarter to June 2026, revenue grew 119.7%, EPS grew 42.1%, free cash flow fell 638.5% and total debt rose 2.61%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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MP Materials Corp. (MP) Altman Z-score
MP Materials Corp.'s Altman Z-score for fiscal 2025 is 4.11, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.11 | 2.40 |
| FY2024 | 1.71 | (1.31) |
| FY2023 | 3.01 | (1.35) |
| FY2022 | 4.37 | (2.29) |
| FY2021 | 6.66 | (0.84) |
| FY2020 | 7.49 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.48 | — | 0.58 | |
| Retained earnings / total assets | 0.06 | — | 0.08 | |
| EBIT / total assets | (0.04) | — | −0.13 | |
| Market value of equity / total liabilities | 5.84 | — | 3.50 | |
| Sales / total assets | 0.07 | — | 0.07 | |
| Altman Z-score | Safe zone | 4.11 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.81 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ALM Almonty Industries Inc. compare | 6.3× |
| MP MP Materials Corp. | 4.1× |
| MTRN Materion Corporation compare | 4.1× |
| USAR USA Rare Earth Inc. compare | 3.2× |
| USAS Americas Gold and Silver Corporation compare | 2.3× |
| NEXA Nexa Resources S.A. compare | 0.7× |
| VZLA Vizsla Silver Corp. compare | — |
| TMC TMC the metals company Inc. compare | — |
| SKE Skeena Resources Limited compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets