MP Materials vs Rio Tinto
Rio Tinto reported revenue of $57.6 billion in fiscal 2025, 256.9 times MP Materials' $224 million in fiscal 2025. MP Materials' revenue grew 10.1% in its latest year, and Rio Tinto's grew 7.4%. MP Materials had an operating margin of -66.5%, against 25.9% at Rio Tinto. Free cash flow was −$328 million at MP Materials and $4.5 billion at Rio Tinto.
Side by side
| MP Materials | Rio Tinto | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $224M | $57.6B |
| Revenue growth | 10.1% | 7.4% |
| Revenue growth a year, last 5 years | 10.8% | 5.3% |
| Gross margin | — | — |
| Operating margin | −66.5% | 25.9% |
| Net margin | −38.3% | 17.3% |
| Free cash flow | −$328M | $4.5B |
| Free cash flow margin | −146.2% | 7.8% |
| Return on capital | −10.4% | 14.9% |
| Net debt to EBITDA | — | 0.6x |
| Dividends and buybacks | $0M | $6.1B |
| Change in diluted share count | 0.1% | 0.3% |
| Last close | $37.47 | $83.72 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $1.5 million, sold $146.8 million | — |
| Piotroski F-score | 3 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MP MaterialsRio Tinto
Operating margin
Percent of revenue
MP MaterialsRio Tinto
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MP MaterialsRio Tinto
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the MP Materials and Rio Tinto pages.