MPMP Materials Corp. / DE
Metal Mining
- Revenue
- $224M
- 10% YoY
- Operating margin
- -66.6%
- 20% YoY
- EBITDA
- −$60M
- 34% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $506M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired13% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $332M | $528M | $253M | $204M | $224M | 10% |
| Operating income | $165M | $327M | −$18M | −$169M | −$149M | 12% |
| Net income | $135M | $289M | $24M | −$65M | −$86M | 31% |
| Operating cash flow | $102M | $344M | $63M | $13M | −$156M | 1267% |
| Capex | $124M | $327M | $262M | $186M | $172M | 7.5% |
| Stock-based comp | $23M | $32M | $25M | $23M | $30M | 30% |
| Buybacks | — | $0 | $0 | $225M | $0 | 100% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $28M | $51M | 157 | 169 |
| FY2024 | $6M | $4M | 48 | 140 |
| FY2023 | $4M | $130K | 62 | 139 |
| FY2022 | $2M | −$14M | 75 | 128 |
| FY2021 | $35M | $36M | 141 | 141 |