MP MP Materials Corp. Common Stock
NYSE · Metals & Mining · View on SEC EDGAR ↗ close Oct 5, 2026 10-K/10-Q Aug 7, 2026
$46.84
· of 52w range
· above low
· to high
$37.8152w low
$100.2552w high
Market Cap (MRQ)
$8.34B
P/E (TTM)
-146.4
EPS (TTM)
$-0.32
Revenue (TTM)
$305M
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52W Range
$38–$100
Analyst Rating
BUY
Price Target
$74
P/E
-146.4
ROE
-4.1%
Net Profit Margin
-19.9%
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MP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$46.84
Market Cap (MRQ)
$8.34B
P/E (TTM)
-146.4
EPS (TTM)
$-0.32
Revenue (TTM)
$305M
ROE (TTM)
-4.1%
Debt/Equity (MRQ)
0.5
52W Range
$38–$100
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$224M2019-12-31 → 2025-12-31
EPS$-0.502019-12-31 → 2025-12-31
Free Cash Flow$-328M2020-12-31 → 2025-12-31
Net margin-19.9%2020-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | MP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -146.45Y avg ≈18.3 | ≈18.3 | · | · | |
| P/S (TTM) | 27.35Y avg ≈19.8 | ≈19.8 | · | · | |
| P/B (MRQ) | 4.35Y avg ≈4.2 | ≈4.2 | 3.9 | Overvalued | |
| EV / EBITDA | -135.45Y avg ≈-4.6 | ≈-4.6 | · | · | |
| Price / FCF (TTM) | -16.55Y avg ≈-34.7 | ≈-34.7 | · | · | |
| Price / Cash Flow (TTM) | -99.35Y avg ≈56.3 | ≈56.3 | · | · | |
| EV / Revenue | 36.35Y avg ≈20.5 | ≈20.5 | · | · | |
| EV / FCF | -24.85Y avg ≈-24.7 | ≈-24.7 | · | · | |
| Price / Tangible Book | 4.25Y avg ≈4.2 | ≈4.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | -41.5%5Y avg ≈-9.0% | ≈-9.0% | -70.5% | Top tier | |
| EBITDA Margin (TTM) | -4.0%5Y avg ≈13.2% | ≈13.2% | -52.6% | Top tier | |
| Pretax Margin (TTM) | -29.8%5Y avg ≈5.5% | ≈5.5% | -120.7% | Top tier | |
| Net Profit Margin (TTM) | -19.9%5Y avg ≈6.9% | ≈6.9% | -98.1% | Top tier | |
| ROA (TTM) | -2.0%5Y avg ≈3.7% | ≈3.7% | -18.9% | Top tier | |
| ROE (TTM) | -4.1%5Y avg ≈5.2% | ≈5.2% | -33.9% | Top tier | |
| ROIC | -3.7%5Y avg ≈2.4% | ≈2.4% | -0.07% | Below avg |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.55Y avg ≈0.6 | ≈0.6 | 0.2 | Above avg | |
| Current Ratio (MRQ) | 9.55Y avg ≈11.7 | ≈11.7 | 3.5 | Strong liquidity | |
| Quick Ratio | 3.95Y avg ≈6.1 | ≈6.1 | 1.7 | Strong liquidity | |
| Long-Term Debt / Equity (MRQ) | 0.55Y avg ≈0.6 | ≈0.6 | 0.5 | High debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 10.1%5Y avg ≈28.9% | ≈28.9% | · | · | |
| Revenue CAGR 3Y | -24.8%5Y avg ≈-5.4% | ≈-5.4% | · | · | |
| Revenue CAGR 5Y | 10.8% | · | · | · | |
| EPS YoY | -90.8% | · | · | · | |
| Net Income YoY | -91.6% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MP | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.15Y avg ≈0.2 | ≈0.2 | 0.1 | Weak | |
| Receivables Turnover | 13.55Y avg ≈12.8 | ≈12.8 | · | · | |
| Revenue / Employee | ≈$224.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
29.2%
Next Report
Nov 04, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 5, 2026 | $-0.01 | $-0.00 | — |
| March 31, 2026 | $0.03 | $-0.00 | — | |
| Dec. 31, 2025 | $0.09 | $0.00 | — | |
| Sept. 30, 2025 | $-0.10 | $-0.18 | 45.1% | |
| June 30, 2025 | $-0.13 | $-0.20 | 36.3% | |
| March 31, 2025 | $-0.12 | $-0.13 | 6.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $224M | $204M | $253M | $528M | $332M | $134M | $73M | |
| SG&A Expense | $112M | $83M | $79M | $76M | $57M | $27M | $11M | |
| Operating Expenses | $425M | $373M | $271M | $200M | $167M | $169M | $81M | |
| Operating Income | $-149M | $-169M | $-18M | $327M | $165M | $-35M | $-8M | |
| Interest Expense | · | · | $5M | $6M | $9M | $5M | $3M | |
| Other Non-op | $63M | $46M | $56M | $20M | $4M | $251.0K | $4M | |
| Pretax Income | $-118M | $-93M | $33M | $341M | $160M | $-39M | $-7M | |
| Income Tax | $-32M | $-28M | $9M | $52M | $25M | $-18M | $1.0K | |
| Net Income | $-86M | $-65M | $24M | $289M | $135M | $-22M | $-7M | |
| EPS (Basic) | $-0.50 | $-0.39 | $0.14 | $1.64 | $0.78 | $-0.27 | $-0.10 | |
| EPS (Diluted) | $-0.50 | $-0.57 | $0.14 | $1.52 | $0.73 | $-0.27 | $-0.10 | |
| Shares (Basic) | 170,126,753 | 166,840,611 | 177,181,661 | 176,519,203 | 173,469,546 | 79,690,821 | 66,556,975 | |
| Shares (Diluted) | 170,126,753 | 169,882,640 | 178,152,212 | 193,453,087 | 189,844,028 | 79,690,821 | 66,556,975 | |
| EBITDA | $-60M | $-91M | $38M | $346M | $190M | $-28M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.17B | $282M | $263M | $137M | $1.18B | $520M | $3M | |
| Receivables | $15M | $19M | $10M | $33M | $51M | $4M | $370.0K | |
| Inventory | $172M | $108M | $95M | $58M | $39M | $32M | $23M | |
| Prepaid Expense | $17M | $10M | $8M | $21M | $8M | $6M | $1M | |
| Current Assets | $2.17B | $1.03B | $1.13B | $1.29B | $1.28B | $561M | $27M | |
| PP&E (Net) | $1.37B | $1.25B | $1.16B | $936M | $611M | $502M | $46M | |
| PP&E (Gross) | $1.64B | $1.44B | $1.27B | $994M | $650M | $517M | $54M | |
| Accum. Depreciation | $273M | $192M | $115M | $59M | $40M | $15M | $8M | |
| Intangibles | $6M | $7M | $9M | $89.0K | · | · | · | |
| Other Non-current Assets | $38M | $32M | $15M | $2M | $2M | $1M | $622.0K | |
| Total Assets | $3.86B | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B | $102M | |
| Accounts Payable | $37M | $24M | $28M | $15M | $36M | $16M | $12M | |
| Accrued Liabilities | $95M | $65M | $74M | $57M | · | · | · | |
| Current Liabilities | $299M | $164M | $109M | $97M | $60M | $43M | $31M | |
| Capital Leases | $8M | $6M | $7M | $15.0K | $0 | $357.0K | $351.0K | |
| Deferred Tax | $52M | $85M | $131M | $122M | $104M | $87M | $0 | |
| Other Non-current Liabilities | $57M | $32M | $25M | $5M | $8M | $2M | $5M | |
| Total Liabilities | $1.47B | $1.28B | $971M | $925M | $881M | $220M | $120M | |
| Long-term Debt | $999M | $909M | · | $678M | $675M | $3M | · | |
| Total Debt | $999M | $909M | $682M | $678M | $675M | · | · | |
| Common Stock | $19.0K | $18.0K | $17.0K | $18.0K | $18.0K | $17.0K | $7.0K | |
| Paid-in Capital | $1.97B | $961M | $980M | $951M | $936M | $916M | $23M | |
| Retained Earnings | $234M | $320M | $386M | $361M | $72M | $-63M | $-41M | |
| Treasury Stock | $227M | $227M | $0 | · | · | · | · | |
| AOCI | $387.0K | $173.0K | $145.0K | $189.0K | $0 | · | · | |
| Stockholders' Equity | $1.98B | $1.05B | $1.37B | $1.31B | $1.01B | $854M | $-18M | |
| Liabilities + Equity | $3.86B | $2.33B | $2.34B | $2.24B | $1.89B | $1.07B | $102M | |
| Shares Outstanding | 177,357,647 | 163,195,788 | 178,082,383 | 177,706,608 | 177,816,554 | 170,719,979 | 66,556,975 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $89M | $78M | $56M | $18M | $24M | $7M | $5M | |
| Stock-based Comp | $30M | $23M | $25M | $32M | $23M | $5M | $0 | |
| Deferred Tax | $-30M | $-28M | $8M | $18M | $17M | $-18M | $0 | |
| Amort. of Intangibles | $1M | $1M | $400.0K | $0 | $0 | · | · | |
| Other Non-cash | $-159M | $5M | $-51M | $-13M | $-98M | $31M | · | |
| Operating Cash Flow | $-156M | $13M | $63M | $344M | $102M | $3M | $-437.0K | |
| CapEx | $172M | $186M | $262M | $327M | $124M | $22M | $2M | |
| Investing Cash Flow | $-206M | $10M | $69M | $-1.36B | $-119M | $-22M | $6M | |
| Debt Issued | $62M | $748M | $0 | $0 | · | · | · | |
| Net Debt Issued | $62M | $748M | · | · | · | · | · | |
| Stock Issued | $748M | $0 | $0 | · | · | · | · | |
| Stock Repurchased | $0 | $225M | $0 | $0 | · | · | · | |
| Net Stock Activity | $748M | $-225M | · | · | · | · | · | |
| Financing Cash Flow | $1.25B | $-5M | $-10M | $-24M | $666M | $522M | $-4M | |
| Net Change in Cash | $884M | $19M | $121M | $-1.04B | $649M | $503M | $1M | |
| Taxes Paid | · | · | $20M | $19M | $4M | $255.0K | $1.0K | |
| Free Cash Flow | $-328M | $-173M | $-199M | $17M | $-22M | $-19M | · | |
| Levered FCF | · | · | $-203M | $12M | $-29M | $-22M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -66.5% | -83.1% | -7.0% | 62.1% | 49.8% | -25.8% | · | |
| Net Margin | -38.3% | -32.1% | 9.6% | 54.8% | 40.7% | -16.2% | · | |
| Pretax Margin | -52.5% | -45.8% | 13.1% | 64.7% | 48.3% | -29.4% | · | |
| EBITDA Margin | -26.8% | -44.8% | 15.0% | 65.5% | 57.1% | -20.7% | · | |
| ROA | -2.8% | -2.8% | 1.1% | 14.0% | 9.1% | -3.7% | · | |
| ROE | -5.8% | -6.2% | 1.8% | 22.6% | 13.8% | -5.2% | · | |
| ROIC | -3.7% | -6.0% | -0.64% | 13.9% | 8.3% | -2.2% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.2 | 6.3 | 10.4 | 13.3 | 21.4 | 13.0 | · | |
| Quick Ratio | 3.9 | 1.8 | 2.5 | 1.7 | 20.7 | 12.2 | · | |
| Debt / Equity | 0.5 | 0.9 | 0.5 | 0.5 | 0.7 | · | · | |
| LT Debt / Equity | 0.5 | 0.9 | 0.5 | 0.5 | 0.7 | · | · | |
| Interest Coverage | · | · | -3.4 | 56.6 | 18.6 | -6.9 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | · | |
| Receivables Turnover | 13.5 | 14.1 | 11.8 | 12.6 | 12.2 | 67.9 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $11.16 | $6.46 | $7.67 | $7.39 | $5.67 | $5.00 | · | |
| Revenue / Share | $1.32 | $1.20 | $1.42 | $2.73 | $1.75 | · | · | |
| Cash Flow / Share | $-0.92 | $0.08 | $0.35 | $1.78 | $0.54 | · | · | |
| Cash / Share | $6.57 | $1.73 | $1.48 | $0.77 | $6.63 | $3.04 | · | |
| EPS (TTM) | $-0.50 | $-0.57 | $0.14 | $1.52 | $0.73 | $-0.27 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 10.1% | -19.6% | -51.9% | 58.9% | 147.2% | · | · | |
| Revenue CAGR 3Y | -24.8% | -15.0% | 23.6% | · | · | · | · | |
| Revenue CAGR 5Y | 10.8% | · | · | · | · | · | · | |
| EPS YoY | · | · | -90.8% | 108.2% | · | · | · | |
| Net Income YoY | · | · | -91.6% | 114.0% | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $224M | $204M | $253M | $528M | $332M | $134M | · | |
| Net Income TTM | $-86M | $-65M | $24M | $289M | $135M | $-22M | · | |
| Market Cap | $8.96B | $2.55B | $3.53B | $4.31B | $8.08B | $5.49B | · | |
| Enterprise Value | $8.79B | $3.17B | $3.95B | $4.86B | $7.57B | · | · | |
| P/E | -101.0 | -27.4 | 141.8 | 16.0 | 62.2 | -119.1 | · | |
| P/S | 39.9 | 12.5 | 13.9 | 8.2 | 24.3 | 40.9 | · | |
| P/B | 4.5 | 2.4 | 2.6 | 3.3 | 8.0 | 6.4 | · | |
| P / Tangible Book | 4.5 | 2.4 | 2.6 | 3.3 | 8.0 | 6.4 | · | |
| P / Cash Flow | -57.5 | 190.7 | 56.4 | 12.6 | 79.2 | 1675.9 | · | |
| P / FCF | -27.3 | -14.7 | -17.7 | 255.0 | -368.8 | -287.6 | · | |
| EV / EBITDA | -146.3 | -34.7 | 104.1 | 14.0 | 39.9 | · | · | |
| EV / FCF | -26.8 | -18.3 | -19.8 | 287.0 | -345.8 | · | · | |
| EV / Revenue | 39.2 | 15.6 | 15.6 | 9.2 | 22.8 | · | · | |
| Earnings Yield | -0.99% | -3.6% | 0.71% | 6.3% | 1.6% | -0.84% | · |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $108M | $91M | $53M | $54M | $57M | $61M | $61M | $63M | $31M | $49M | $41M | $53M | $64M | $96M | $93M | $124M | |
| SG&A Expense | $35M | $34M | $32M | $28M | $27M | $24M | $19M | $22M | $21M | $21M | $21M | $20M | $19M | $19M | $20M | $18M | |
| Operating Expenses | $158M | $157M | $107M | $121M | $101M | $96M | $105M | $102M | $85M | $81M | $75M | $70M | $64M | $63M | $56M | $45M | |
| Operating Income | $-32M | $-24M | $-4M | $-67M | $-44M | $-35M | $-44M | $-40M | $-53M | $-32M | $-34M | $-18M | $483.0K | $33M | $37M | $79M | |
| Other Non-op | $12M | $20M | $24M | $17M | $7M | $15M | $10M | $11M | $12M | $13M | $14M | $14M | $14M | $14M | $11M | $6M | |
| Pretax Income | $-29M | $-14M | $11M | $-58M | $-43M | $-27M | $-34M | $-35M | $-48M | $24M | $-21M | $-4M | $13M | $45M | $47M | $84M | |
| Income Tax | $-9M | $-6M | $1M | $-17M | $-12M | $-5M | $-12M | $-9M | $-14M | $7M | $-4M | $-200.0K | $6M | $8M | $-20M | $21M | |
| Net Income | $-20M | $-8M | $9M | $-42M | $-31M | $-23M | $-22M | $-26M | $-34M | $16M | $-16M | $-4M | $7M | $37M | $67M | $63M | |
| EPS (Basic) | $-0.11 | $-0.04 | $0.07 | $-0.24 | $-0.19 | $-0.14 | $-0.11 | $-0.16 | $-0.21 | $0.09 | $-0.09 | $-0.02 | $0.04 | $0.21 | $0.37 | $0.36 | |
| EPS (Diluted) | $-0.11 | $-0.04 | $0.07 | $-0.24 | $-0.19 | $-0.14 | $-0.12 | $-0.16 | $-0.21 | $-0.08 | $-0.08 | $-0.02 | $0.04 | $0.20 | $0.36 | $0.33 | |
| Shares (Basic) | 178,409,085 | 178,019,549 | · | 175,034,287 | 163,834,693 | 163,764,345 | · | 164,149,348 | 165,344,511 | 174,556,850 | · | 177,231,717 | 176,984,917 | 176,881,723 | · | 176,543,624 | |
| Shares (Diluted) | 178,409,085 | 178,019,549 | · | 175,034,287 | 163,834,693 | 163,764,345 | · | 164,149,348 | 165,344,511 | 186,791,826 | · | 177,231,717 | 177,859,118 | 193,613,539 | · | 193,409,857 | |
| EBITDA | $3M | $8M | · | $-45M | $-23M | $-13M | · | $-20M | $-35M | $-14M | · | $-785.0K | $13M | $41M | · | $81M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $429M | $886M | $1.17B | $1.15B | $262M | $198M | $282M | $284M | $296M | $296M | $263M | $548M | $927M | $651M | $137M | $428M | |
| Receivables | $40M | $47M | $15M | $15M | $22M | $70M | $19M | $15M | $8M | $22M | · | $13M | $11M | $21M | · | · | |
| Inventory | $173M | $169M | $172M | $144M | $128M | $133M | $108M | $117M | $115M | $109M | · | $77M | $68M | $62M | · | $62M | |
| Prepaid Expense | $23M | $20M | $17M | $15M | $14M | $18M | $10M | $12M | $10M | $10M | · | $9M | $13M | $14M | · | $11M | |
| Current Assets | $1.75B | $2.05B | $2.17B | $2.17B | $960M | $1.02B | $1.03B | $1.02B | $1.09B | $1.11B | · | $1.19B | $1.22B | $1.27B | · | $1.36B | |
| PP&E (Net) | $1.61B | $1.43B | $1.37B | $1.31B | $1.29B | $1.28B | $1.25B | $1.23B | $1.22B | $1.20B | · | $1.10B | $1.04B | $1.00B | · | $830M | |
| PP&E (Gross) | $1.93B | $1.73B | $1.64B | $1.56B | $1.52B | $1.49B | $1.44B | $1.40B | $1.37B | $1.33B | · | $1.19B | $1.12B | $1.07B | · | $884M | |
| Accum. Depreciation | $324M | $298M | $273M | $250M | $227M | $209M | $192M | $171M | $152M | $133M | · | $96M | $79M | $67M | · | $54M | |
| Intangibles | · | · | $6M | $6M | $7M | $7M | $7M | $8M | $8M | $9M | · | $9M | · | · | · | · | |
| Other Non-current Assets | $79M | $64M | $38M | $34M | $25M | $29M | $32M | $7M | $13M | $9M | · | $4M | $3M | $5M | · | $2M | |
| Total Assets | $3.73B | $3.84B | $3.86B | $3.80B | $2.34B | $2.37B | $2.33B | $2.30B | $2.36B | $2.35B | · | $2.32B | $2.29B | $2.28B | · | $2.19B | |
| Accounts Payable | $46M | $33M | $37M | $25M | $22M | $21M | $24M | $22M | $20M | $26M | · | $92M | $72M | $69M | · | $70M | |
| Accrued Liabilities | $60M | $99M | $95M | $78M | $74M | $69M | $65M | $66M | $75M | $74M | · | · | · | · | · | · | |
| Current Liabilities | $184M | $285M | $299M | $270M | $267M | $248M | $164M | $147M | $158M | $108M | · | $97M | $76M | $94M | · | $75M | |
| Capital Leases | $14M | $14M | $8M | $9M | $6M | $6M | $6M | $6M | $6M | $7M | · | $7M | $7M | · | · | · | |
| Deferred Tax | $27M | $35M | $52M | $56M | $67M | $81M | $85M | $99M | $108M | $122M | · | $135M | $136M | $130M | · | $167M | |
| Other Non-current Liabilities | $68M | $67M | $57M | $58M | $49M | $38M | $32M | $5M | $6M | $4M | · | $4M | $4M | $4M | · | $6M | |
| Total Liabilities | $1.36B | $1.46B | $1.47B | $1.42B | $1.33B | $1.33B | $1.28B | $1.24B | $1.26B | $1.22B | · | $946M | $925M | $929M | · | $947M | |
| Long-term Debt | $935M | $1.00B | $999M | $997M | $911M | $910M | $909M | · | · | · | · | $681M | $680M | $679M | · | $678M | |
| Total Debt | $935M | $1.00B | · | $997M | $911M | $910M | · | $938M | $937M | $936M | · | $681M | $680M | $679M | · | $678M | |
| Common Stock | $19.0K | $19.0K | $19.0K | $19.0K | $18.0K | $18.0K | $18.0K | $18.0K | $18.0K | $18.0K | · | $17.0K | $17.0K | $17.0K | · | $18.0K | |
| Paid-in Capital | $1.98B | $1.97B | $1.97B | $1.97B | $971M | $965M | $961M | $949M | $944M | $938M | · | $974M | $959M | $953M | · | $948M | |
| Retained Earnings | $206M | $226M | $234M | $225M | $267M | $298M | $320M | $343M | $368M | $402M | · | $402M | $406M | $399M | · | $294M | |
| Treasury Stock | $227M | $227M | $227M | $227M | $227M | $227M | $227M | $227M | $203M | $203M | · | · | · | · | · | · | |
| AOCI | $-258.0K | $-42.0K | $387.0K | $298.0K | $-26.0K | $-1.0K | $173.0K | $296.0K | $-90.0K | $-130.0K | · | $-32.0K | $-166.0K | $131.0K | · | $-97.0K | |
| Stockholders' Equity | $1.96B | $1.97B | $1.98B | $1.96B | $1.01B | $1.04B | $1.05B | $1.06B | $1.11B | $1.14B | $1.37B | $1.38B | $1.36B | $1.35B | $1.31B | $1.24B | |
| Liabilities + Equity | $3.73B | $3.84B | $3.86B | $3.80B | $2.34B | $2.37B | $2.33B | $2.30B | $2.36B | $2.35B | · | $2.32B | $2.29B | $2.28B | · | $2.19B | |
| Shares Outstanding | 178,051,276 | 177,669,668 | 177,357,647 | 177,211,227 | 163,465,706 | 163,445,597 | 163,195,788 | 163,189,704 | 165,331,382 | 165,307,107 | · | 177,802,600 | 177,626,668 | 177,619,805 | · | 177,534,638 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $35M | $32M | $25M | $22M | $21M | $21M | $22M | $19M | $18M | $18M | $19M | $17M | $12M | $8M | $6M | $2M | |
| Stock-based Comp | $11M | $13M | $10M | $8M | $6M | $7M | $5M | $5M | $6M | $7M | $6M | $6M | $6M | $7M | $7M | $8M | |
| Amort. of Intangibles | · | · | $300.0K | $300.0K | $300.0K | $300.0K | $300.0K | $300.0K | $300.0K | $300.0K | $300.0K | $100.0K | $0 | $0 | $0 | $0 | |
| Other Non-cash | · | $-39M | · | · | · | $-69M | · | · | · | $-83M | · | · | · | $3M | · | · | |
| Operating Cash Flow | $7M | $-2M | $-47M | $-42M | $-4M | $-63M | $30M | $-7M | $31M | $-41M | $-14M | $11M | $10M | $55M | $29M | $95M | |
| CapEx | $230M | $77M | $62M | $50M | $29M | $30M | $42M | $46M | $46M | $52M | $73M | $59M | $56M | $74M | $112M | $92M | |
| Investing Cash Flow | $-395M | $-260M | $73M | $-333M | $70M | $-16M | $-22M | $21M | $-30M | $41M | $-269M | $-390M | $266M | $462M | $-315M | $-325M | |
| Debt Issued | · | · | $0 | $62M | $0 | $0 | $0 | $0 | $0 | $748M | $0 | $0 | $0 | $0 | · | · | |
| Net Debt Issued | · | · | · | · | · | $0 | · | · | · | $748M | · | · | · | · | · | · | |
| Stock Issued | · | · | $0 | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | $0 | $0 | $0 | $0 | $0 | $24M | $0 | $201M | $0 | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | · | · | · | · | $0 | · | $-24M | · | $-201M | · | · | · | · | · | · | |
| Financing Cash Flow | $-69M | $-19M | $-7M | $1.26B | $-3M | $-5M | $-11M | $-25M | $-2M | $33M | $-1M | $-978.0K | $-777.0K | $-7M | $-5M | $-651.0K | |
| Net Change in Cash | $-457M | $-280M | $19M | $885M | $63M | $-84M | $-2M | $-11M | $-456.0K | $33M | $-284M | $-380M | $275M | $511M | $-291M | $-231M | |
| Taxes Paid | · | · | · | · | · | · | · | $0 | · | · | · | $0 | $23M | $0 | · | $206.0K | |
| Free Cash Flow | · | $-79M | · | · | · | $-94M | · | · | · | $-93M | · | · | · | $-19M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -29.5% | -26.6% | · | -125.2% | -76.5% | -57.2% | · | -62.8% | -171.1% | -66.6% | · | -33.4% | 0.75% | 34.4% | · | 63.6% | |
| Net Margin | -18.7% | -8.8% | · | -78.0% | -53.8% | -37.2% | · | -40.6% | -108.9% | 33.9% | · | -8.1% | 11.6% | 39.1% | · | 50.8% | |
| Pretax Margin | -27.0% | -15.0% | · | -109.1% | -74.4% | -44.7% | · | -55.4% | -154.1% | 48.5% | · | -8.5% | 20.2% | 47.3% | · | 67.6% | |
| EBITDA Margin | 3.1% | 8.8% | · | -83.1% | -40.3% | -22.0% | · | -32.1% | -112.9% | -28.8% | · | -1.5% | 19.8% | 42.9% | · | 65.3% | |
| ROA | -0.67% | -0.26% | · | -1.4% | -1.3% | -0.96% | · | -1.1% | -1.5% | 0.71% | · | -0.19% | 0.34% | 1.8% | · | 3.1% | |
| ROE | -1.4% | -0.53% | · | -2.8% | -2.9% | -2.1% | · | -2.1% | -2.8% | 1.3% | · | -0.33% | 0.58% | 3.1% | · | 5.8% | |
| ROIC | -0.77% | -0.47% | · | -1.6% | -1.7% | -1.5% | · | -1.5% | -1.8% | -1.1% | · | -0.81% | 0.01% | 1.3% | · | 3.1% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 9.5 | 7.2 | · | 8.0 | 3.6 | 4.1 | · | 6.9 | 6.9 | 10.3 | · | 12.2 | 16.2 | 13.5 | · | 18.2 | |
| Quick Ratio | 2.6 | 3.3 | · | 4.3 | 1.1 | 1.1 | · | 2.0 | 1.9 | 3.0 | · | 5.8 | 12.4 | 7.2 | · | 5.7 | |
| Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.9 | 0.9 | · | 0.9 | 0.8 | 0.8 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | |
| LT Debt / Equity | 0.5 | 0.5 | · | 0.5 | 0.8 | 0.8 | · | 0.9 | 0.8 | 0.8 | · | 0.5 | 0.5 | 0.5 | · | 0.5 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.1 | |
| Receivables Turnover | 3.5 | 1.5 | · | 3.7 | 3.8 | 1.3 | · | 4.5 | 3.2 | 2.3 | · | 8.0 | 11.5 | 9.0 | · | · |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $10.99 | $11.07 | · | $11.09 | $6.18 | $6.34 | · | $6.52 | $6.71 | $6.88 | · | $7.74 | $7.68 | $7.61 | · | $7.00 | |
| Revenue / Share | $0.61 | $0.51 | · | $0.31 | $0.35 | $0.37 | · | $0.38 | $0.19 | $0.26 | · | $0.30 | $0.36 | $0.49 | · | $0.64 | |
| Cash Flow / Share | · | $-0.01 | · | · | · | $-0.39 | · | · | · | $-0.22 | · | · | · | $0.29 | · | · | |
| Cash / Share | $2.41 | $4.99 | · | $6.47 | $1.60 | $1.21 | · | $1.74 | $1.79 | $1.79 | · | $3.08 | $5.22 | $3.67 | · | $2.41 | |
| EPS (TTM) | $-0.32 | $-0.40 | · | $-0.69 | $-0.61 | $-0.63 | · | $-0.53 | $-0.39 | $-0.14 | · | $0.58 | $0.93 | $1.27 | · | $1.42 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $305M | $254M | · | $233M | $242M | $216M | · | $184M | $174M | $206M | · | $305M | $377M | $457M | · | $533M | |
| Net Income TTM | $-61M | $-71M | · | $-118M | $-101M | $-105M | · | $-59M | $-38M | $3M | · | $108M | $175M | $241M | · | $271M | |
| Market Cap | $9.97B | $8.57B | · | $11.89B | $5.44B | $3.99B | · | $2.88B | $2.10B | $2.36B | · | $3.40B | $4.06B | $5.01B | · | $4.85B | |
| Enterprise Value | $10.48B | $8.69B | · | $11.74B | $6.09B | $4.70B | · | $3.53B | $2.75B | $3.00B | · | $3.53B | $3.82B | $5.04B | · | $5.10B | |
| P/E | -175.0 | -120.7 | · | -97.2 | -54.5 | -38.7 | · | -33.3 | -32.6 | -102.1 | · | 32.9 | 24.6 | 22.2 | · | 19.2 | |
| P/S | 32.7 | 33.7 | · | 51.1 | 22.5 | 18.5 | · | 15.6 | 12.1 | 11.5 | · | 11.1 | 10.8 | 11.0 | · | 9.1 | |
| P/B | 5.1 | 4.4 | · | 6.0 | 5.4 | 3.9 | · | 2.7 | 1.9 | 2.1 | · | 2.5 | 3.0 | 3.7 | · | 3.9 | |
| P / Tangible Book | 5.1 | 4.4 | · | 6.1 | 5.4 | 3.9 | · | 2.7 | 1.9 | 2.1 | · | 2.5 | 3.0 | 3.7 | · | 3.9 | |
| P / Cash Flow | · | -4491.5 | · | · | · | -63.1 | · | · | · | -57.5 | · | · | · | 90.2 | · | · | |
| EV / Revenue | 34.3 | 34.2 | · | 50.4 | 25.1 | 21.8 | · | 19.2 | 15.8 | 14.5 | · | 11.6 | 10.1 | 11.0 | · | 9.6 | |
| Earnings Yield | -0.57% | -0.83% | · | -1.0% | -1.8% | -2.6% | · | -3.0% | -3.1% | -0.98% | · | 3.0% | 4.1% | 4.5% | · | 5.2% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $224M | $204M | $253M | $528M | $332M |
| Operating Margin % | -66.5% | -83.1% | -7.0% | 62.1% | 49.8% |
| Net Income | $-86M | $-65M | $24M | $289M | $135M |
| Diluted EPS | $-0.50 | $-0.57 | $0.14 | $1.52 | $0.73 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.5 | 0.9 | 0.5 | 0.5 | 0.7 |
| Current Ratio | 7.2 | 6.3 | 10.4 | 13.3 | 21.4 |
| Quick Ratio | 3.9 | 1.8 | 2.5 | 1.7 | 20.7 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-328M | $-173M | $-199M | $17M | $-22M |
Institutional owners (13F) 853 filers · $12.8B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
853
Value held
$12.8B
New positions
137
Exited positions
77
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 137 (-6 vs prior Q) | 77 (-34 vs prior Q) | 295 (+6 vs prior Q) | 223 (+24 vs prior Q) | +18.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| UBS Group AG | $1,906,808,249 | 34,044,068 | 14.89% | Call option |
| Hancock Prospecting Pty Ltd | $832,376,484 | 14,861,212 | 6.50% | Shares |
| BlackRock, Inc. | $825,440,708 | 14,737,381 | 6.45% | Shares |
| VANGUARD GROUP INC | $731,518,839 | 14,479,787 | 5.71% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $479,115,141 | 8,554,100 | 3.74% | Call option |
| STATE STREET CORP | $435,407,513 | 7,773,746 | 3.40% | Shares |
| JANE STREET GROUP, LLC | $407,646,381 | 7,278,100 | 3.18% | Put option |
| VANGUARD CAPITAL MANAGEMENT LLC | $388,505,748 | 6,936,364 | 3.03% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $382,165,640 | 6,823,168 | 2.98% | Shares |
| D. E. Shaw & Co., Inc. | $326,477,753 | 5,828,919 | 2.55% | Shares |
| MORGAN STANLEY | $267,314,035 | 4,772,611 | 2.09% | Shares |
| VAN ECK ASSOCIATES CORP | $255,703,181 | 4,565,313 | 2.00% | Shares |
| UBS Group AG | $242,119,188 | 4,322,785 | 1.89% | Shares |
| Invesco Ltd. | $198,141,144 | 3,537,603 | 1.55% | Shares |
| BANK OF AMERICA CORP /DE/ | $191,411,511 | 3,417,452 | 1.49% | Shares |
| COOPERMAN LEON G | $168,030,000 | 3,000,000 | 1.31% | Shares |
| JPMORGAN CHASE & CO | $165,604,457 | 3,018,764 | 1.29% | Shares |
| CITADEL ADVISORS LLC | $164,669,400 | 2,940,000 | 1.29% | Call option |
| REAVES W H & CO INC | $146,009,332 | 2,606,844 | 1.14% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $143,048,905 | 2,553,356 | 1.12% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $122,966,635 | 2,195,671 | 0.96% | Shares |
| JANE STREET GROUP, LLC | $122,919,546 | 2,194,600 | 0.96% | Call option |
| CAXTON ASSOCIATES LLP | $111,566,263 | 1,991,899 | 0.87% | Shares |
| Caption Management, LLC | $111,179,850 | 1,985,000 | 0.87% | Call option |
| NORGES BANK | $108,355,546 | 1,934,575 | 0.85% | Shares |
| CITADEL ADVISORS LLC | $98,045,505 | 1,750,500 | 0.77% | Put option |
| MARSHALL WACE, LLP | $97,182,000 | 1,735,083 | 0.76% | Shares |
| HSBC HOLDINGS PLC | $83,878,914 | 1,507,800 | 0.66% | Call option |
| D. E. Shaw & Co., Inc. | $78,374,793 | 1,399,300 | 0.61% | Call option |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $72,725,625 | 1,298,440 | 0.57% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $69,811,088 | 1,246,404 | 0.55% | Shares |
| BANK OF MONTREAL /CAN/ | $69,404,625 | 1,239,147 | 0.54% | Shares |
| PEAK6 LLC | $68,393,811 | 1,221,100 | 0.53% | Put option |
| Bank of New York Mellon Corp | $65,229,725 | 1,164,609 | 0.51% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $64,361,091 | 1,149,100 | 0.50% | Put option |
| Driehaus Capital Management LLC | $64,316,227 | 1,148,299 | 0.50% | Shares |
| NORTHERN TRUST CORP | $63,253,270 | 1,129,321 | 0.49% | Shares |
| WOLVERINE TRADING, LLC | $59,275,692 | 869,400 | 0.46% | Call option |
| Walleye Trading LLC | $50,437,005 | 900,500 | 0.39% | Call option |
| GOLDMAN SACHS GROUP INC | $49,780,064 | 888,771 | 0.39% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $49,304,427 | 880,279 | 0.39% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $49,160,369 | 877,707 | 0.38% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $48,142,164 | 859,528 | 0.38% | Shares |
| Foundations Investment Advisors, LLC | $45,889,441 | 819,308 | 0.36% | Shares |
| WOLVERINE TRADING, LLC | $44,371,544 | 650,800 | 0.35% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $39,123,153 | 698,503 | 0.31% | Shares |
| RAYMOND JAMES FINANCIAL INC | $37,940,054 | 677,380 | 0.30% | Shares |
| BARCLAYS PLC | $36,406,500 | 650,000 | 0.28% | Call option |
| CITIGROUP INC | $34,715,615 | 619,811 | 0.27% | Shares |
| Walleye Trading LLC | $33,695,616 | 601,600 | 0.26% | Put option |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| James H. Litinsky ×4 filings | Jan. 13, 2026 | 7.30% | Amendment | · | SEC |
| JHL Capital Group LLC, JHL Capital Group Holdings One LLC, JHL Capital Group Holdings Two LLC, JHL Capital Group Master Fund L.P., JHL Capital Group Master Fund GP Ltd., JHL Capital Group L.P., James H. Litinsky ×8 filings | May 26, 2023 | · | Initial filing | · | SEC |
| QVT Financial LP, QVT Financial GP LLC ×9 filings | May 18, 2023 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 15 insiders · 6 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| James H. Litinsky | Chairman and CEO | June 3, 2026 S | 11,620,798 | 0 | 25 | $-137,214,762 |
| Ryan Corbett | Chief Financial Officer | May 8, 2026 S | 109,017 | 0 | 4 | $-7,703,160 |
| Michael Stuart Rosenthal | Chief Operating Officer | June 9, 2026 P | 136,622 | 2 | 0 | $1,505,540 |
| Elliot Dean Hoops | General Counsel and Secretary | May 8, 2026 S | 54,095 | 0 | 3 | $-1,890,436 |
| David Gregory Infuso | Chief Accounting Officer | April 1, 2026 F | 48,442 | 0 | 0 | $0 |
| Sheila Bangalore | CSO and General Counsel | March 15, 2021 F | 100,892 | 0 | 0 | $0 |
| Connie K Duckworth | Director | Sept. 30, 2026 A | 42,514 | 0 | 0 | $0 |
| Maryanne Lavan | Director | June 15, 2026 M | 23,753 | 0 | 0 | $0 |
| Richard B Myers | Director | June 15, 2026 M | 7,792 | 0 | 0 | $0 |
| Randall J Weisenburger | Director | June 15, 2026 M | 150,899 | 0 | 0 | $0 |
| Andrew A. Mcknight | Director | June 9, 2026 A | 0 | 0 | 0 | $0 |
| DONALD ARNOLD W | Director | June 9, 2026 A | · | 0 | 0 | $0 |
| Daniel Allen Gold | Director | Dec. 14, 2022 S | 5,542,000 | 0 | 0 | $0 |
| QVT Financial LP | Director | Dec. 14, 2022 S | 5,542,000 | 0 | 0 | $0 |
| Carmen A Policy | Director | July 6, 2020 P | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 69 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| EART · Global X Funds | 2.20% | 20,586 NS | July 31, 2026 | N-PORT |
| PYZ · Invesco Exchange-Traded Fund Trust | 2.00% | 27,687 SH | Oct. 2, 2026 | Daily |
| PBW · Invesco Exchange-Traded Fund Trust | 1.39% | 100,964 SH | Oct. 2, 2026 | Daily |
| IYM · iShares Trust | 0.73% | 166,963 SH | Sept. 11, 2026 | Daily |
| CCSO · Tidal Trust II | 0.69% | 7,604 NS | July 31, 2026 | N-PORT |
| FXZ · First Trust Exchange-Traded AlphaDE… | 0.63% | 55,960 NS | July 31, 2026 | N-PORT |
| VAW · VANGUARD WORLD FUND | 0.52% | 417,059 SH | Aug. 19, 2026 | Daily |
| PICK · iShares, Inc. | 0.43% | 215,484 SH | Sept. 11, 2026 | Daily |
| FMAT · FIDELITY COVINGTON TRUST | 0.40% | 55,451 NS | July 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.35% | 49,162 NS | July 31, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.31% | 3,977 NS | July 31, 2026 | N-PORT |
| CCNR · Financial Investors Trust | 0.29% | 29,484 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.25% | 2,123,807 SH | Aug. 19, 2026 | Daily |
| ISCG · iShares Trust | 0.24% | 44,469 SH | Sept. 11, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.23% | 78,765 SH | Aug. 19, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.22% | 37,391 SH | Oct. 2, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.21% | 218,761 SH | Aug. 19, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.18% | 47,631 SH | Aug. 19, 2026 | Daily |
| IGE · iShares Trust | 0.17% | 26,470 SH | Sept. 11, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.17% | 55,169 NS | July 31, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.16% | 14,810 NS | July 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.14% | 22,303 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 61,494 NS | July 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.12% | 1,987 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.12% | 436,240 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.11% | 61,556 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.11% | 3,674,898 SH | Aug. 19, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.11% | 14,760 NS | July 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.10% | 76,837 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.09% | 1,552,772 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.07% | 214,045 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.07% | 41,089 SH | Oct. 2, 2026 | Daily |
| WSML · iShares Trust | 0.07% | 8,679 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.05% | 588,458 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.03% | 328,561 NS | July 31, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.02% | 8,172 SH | Aug. 19, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 86,522 SH | Aug. 19, 2026 | Daily |
| IWD · iShares Trust | 0.02% | 318,294 SH | Sept. 11, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.01% | 4,012 SH | Oct. 2, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.01% | 11,338 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 37,238 NS | July 31, 2026 | N-PORT |
| IUSG · iShares Trust | 0.01% | 70,941 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.01% | 99,147 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 5,085,934 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 118,865 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.01% | 23,866 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 12,027 SH | Aug. 19, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 39,215 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 32,431 SH | Aug. 19, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 5,184 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.01% | 5,744 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 173,315 SH | Sept. 11, 2026 | Daily |
| IUSV · iShares Trust | 0.01% | 48,145 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.01% | 45,255 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.01% | 20,747 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 200 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 36 NS | July 31, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | -2.14% | -7,904 NS | July 31, 2026 | N-PORT |
| BIV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BSV · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BND · VANGUARD BOND INDEX FUNDS | · | · | July 15, 2026 | Daily |
| BNDW · VANGUARD SCOTTSDALE FUNDS | · | · | July 30, 2026 | Daily |
| IJH · iShares Trust | · | 4,747,637 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 462,933 SH | Sept. 11, 2026 | Daily |
| IJJ · iShares Trust | · | 282,851 SH | Aug. 21, 2026 | Daily |
| XJH · iShares Trust | · | 18,482 SH | Sept. 8, 2026 | Daily |
| BNDX · VANGUARD CHARLOTTE FUNDS | · | · | July 15, 2026 | Daily |
| ISCB · iShares Trust | · | 6,321 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 10,818 SH | Sept. 11, 2026 | Daily |
MP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 28 analysts
BUY
Median target
$75.00
+60.1%
9 32.1%
Strong Buy
18 64.3%
Buy
1 3.6%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
17 analysts · 2026-10-01Mean target $74.29 +58.6%
← Below all targets
Current price $46.84
Low$57.00
Mean$74.29
High$100.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MP | $8.96B | -101.0 | 10.1% | -38.3% | -5.8% | · |
| MTRN | $2.58B | 34.7 | 6.0% | 4.2% | 8.1% | 17.3% |
| USAR | $1.76B | -3.6 | · | -18110.7% | -164.2% | 11.9% |
| ALM | · | -11.3 | · | -498.0% | -81.6% | 7.3% |
| SSMR | · | · | · | · | · | · |
| EMAT | · | · | · | · | 14.9% | · |
| CRML | · | -6.4 | · | · | -128.3% | · |
| CMP | · | -6.9 | 11.3% | -6.4% | -33.9% | 15.3% |
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Source: SEC 10-Q filed Aug 7, 2026