MP Materials vs Vale
Vale reported revenue of $38.4 billion in fiscal 2025, 171.1 times MP Materials' $224 million in fiscal 2025. MP Materials' revenue grew 10.1% in its latest year, and Vale's grew 0.9%. MP Materials had an operating margin of -66.5%, against 15.4% at Vale.
Side by side
| MP Materials | Vale | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $224M | $38.4B |
| Revenue growth | 10.1% | 0.9% |
| Revenue growth a year, last 5 years | 10.8% | −0.6% |
| Gross margin | — | 35.0% |
| Operating margin | −66.5% | 15.4% |
| Net margin | −38.3% | 6.1% |
| Free cash flow | −$328M | — |
| Free cash flow margin | −146.2% | — |
| Return on capital | −10.4% | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $3.6B |
| Change in diluted share count | 0.1% | −0.1% |
| Last close | $37.47 | $12.00 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $1.5 million, sold $146.8 million | bought $389,781, sold $4,014 |
| Piotroski F-score | 3 of 8 | — |
Amounts in each company's own currency, US$ 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 MaterialsVale
Operating margin
Percent of revenue
MP MaterialsVale
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MP MaterialsVale
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 Vale pages.