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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and MP Materials Corp. (MP). Click either name above to swap in a different company.

MP Materials Corp. is the larger business by last-quarter revenue ($52.7M vs $21.0M, roughly 2.5× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 17.9%, a 18.7% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs -13.6%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% CAGR vs 4.0%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

MP Materials Corp. is a U.S.-based producer of rare earth materials. The company owns and operates the Mountain Pass mine in California, the only active rare earth mining and processing facility in the Western Hemisphere, producing essential materials for electric vehicles, wind turbines, and defense applications.

ASM vs MP — Head-to-Head

Bigger by revenue
MP
MP
2.5× larger
MP
$52.7M
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+57.6% gap
ASM
44.0%
-13.6%
MP
Higher net margin
ASM
ASM
18.7% more per $
ASM
36.6%
17.9%
MP
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
4.0%
MP

Income Statement — Q3 2025 vs Q4 2025

Metric
ASM
ASM
MP
MP
Revenue
$21.0M
$52.7M
Net Profit
$7.7M
$9.4M
Gross Margin
47.1%
Operating Margin
-7.0%
Net Margin
36.6%
17.9%
Revenue YoY
44.0%
-13.6%
Net Profit YoY
558.9%
142.2%
EPS (diluted)
$0.05
$0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASM
ASM
MP
MP
Q4 25
$52.7M
Q3 25
$21.0M
$53.6M
Q2 25
$21.8M
$57.4M
Q1 25
$18.8M
$60.8M
Q4 24
$61.0M
Q3 24
$14.6M
$62.9M
Q2 24
$14.8M
$31.3M
Q1 24
$12.4M
$48.7M
Net Profit
ASM
ASM
MP
MP
Q4 25
$9.4M
Q3 25
$7.7M
$-41.8M
Q2 25
$2.9M
$-30.9M
Q1 25
$5.6M
$-22.6M
Q4 24
$-22.3M
Q3 24
$1.2M
$-25.5M
Q2 24
$1.2M
$-34.1M
Q1 24
$599.0K
$16.5M
Gross Margin
ASM
ASM
MP
MP
Q4 25
Q3 25
47.1%
Q2 25
46.9%
Q1 25
56.1%
Q4 24
Q3 24
39.1%
Q2 24
31.8%
Q1 24
18.9%
Operating Margin
ASM
ASM
MP
MP
Q4 25
-7.0%
Q3 25
-125.2%
Q2 25
-76.5%
Q1 25
-57.2%
Q4 24
-72.1%
Q3 24
-62.8%
Q2 24
-171.1%
Q1 24
-66.6%
Net Margin
ASM
ASM
MP
MP
Q4 25
17.9%
Q3 25
36.6%
-78.0%
Q2 25
13.1%
-53.8%
Q1 25
29.8%
-37.2%
Q4 24
-36.6%
Q3 24
8.0%
-40.5%
Q2 24
8.4%
-108.9%
Q1 24
4.8%
33.9%
EPS (diluted)
ASM
ASM
MP
MP
Q4 25
$0.07
Q3 25
$0.05
$-0.24
Q2 25
$0.02
$-0.19
Q1 25
$0.04
$-0.14
Q4 24
$-0.12
Q3 24
$0.01
$-0.16
Q2 24
$0.01
$-0.21
Q1 24
$0.00
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASM
ASM
MP
MP
Cash + ST InvestmentsLiquidity on hand
$57.3M
$1.2B
Total DebtLower is stronger
$998.7M
Stockholders' EquityBook value
$182.1M
$2.0B
Total Assets
$221.9M
$3.9B
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
MP
MP
Q4 25
$1.2B
Q3 25
$57.3M
$1.1B
Q2 25
$37.3M
$261.5M
Q1 25
$26.6M
$198.3M
Q4 24
$282.4M
Q3 24
$7.8M
$284.4M
Q2 24
$5.3M
$295.6M
Q1 24
$3.5M
$296.5M
Total Debt
ASM
ASM
MP
MP
Q4 25
$998.7M
Q3 25
$997.3M
Q2 25
$910.8M
Q1 25
$909.8M
Q4 24
$908.7M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASM
ASM
MP
MP
Q4 25
$2.0B
Q3 25
$182.1M
$2.0B
Q2 25
$144.8M
$1.0B
Q1 25
$132.3M
$1.0B
Q4 24
$1.1B
Q3 24
$114.5M
$1.1B
Q2 24
$112.2M
$1.1B
Q1 24
$107.8M
$1.1B
Total Assets
ASM
ASM
MP
MP
Q4 25
$3.9B
Q3 25
$221.9M
$3.8B
Q2 25
$174.7M
$2.3B
Q1 25
$157.7M
$2.4B
Q4 24
$2.3B
Q3 24
$135.4M
$2.3B
Q2 24
$133.7M
$2.4B
Q1 24
$128.6M
$2.4B
Debt / Equity
ASM
ASM
MP
MP
Q4 25
0.50×
Q3 25
0.51×
Q2 25
0.90×
Q1 25
0.88×
Q4 24
0.86×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASM
ASM
MP
MP
Operating Cash FlowLast quarter
$8.3M
$-46.9M
Free Cash FlowOCF − Capex
$-109.3M
FCF MarginFCF / Revenue
-207.4%
Capex IntensityCapex / Revenue
118.5%
Cash ConversionOCF / Net Profit
1.08×
-4.97×
TTM Free Cash FlowTrailing 4 quarters
$-328.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
MP
MP
Q4 25
$-46.9M
Q3 25
$8.3M
$-42.0M
Q2 25
$8.3M
$-3.7M
Q1 25
$758.0K
$-63.2M
Q4 24
$30.5M
Q3 24
$4.1M
$-6.8M
Q2 24
$1.1M
$30.8M
Q1 24
$2.3M
$-41.1M
Free Cash Flow
ASM
ASM
MP
MP
Q4 25
$-109.3M
Q3 25
$-92.5M
Q2 25
$-32.7M
Q1 25
$-93.7M
Q4 24
$-11.2M
Q3 24
$-53.3M
Q2 24
$-15.6M
Q1 24
$-93.0M
FCF Margin
ASM
ASM
MP
MP
Q4 25
-207.4%
Q3 25
-172.8%
Q2 25
-56.9%
Q1 25
-154.0%
Q4 24
-18.3%
Q3 24
-84.7%
Q2 24
-50.1%
Q1 24
-191.0%
Capex Intensity
ASM
ASM
MP
MP
Q4 25
118.5%
Q3 25
94.3%
Q2 25
50.5%
Q1 25
50.1%
Q4 24
68.3%
Q3 24
73.8%
Q2 24
148.7%
Q1 24
106.5%
Cash Conversion
ASM
ASM
MP
MP
Q4 25
-4.97×
Q3 25
1.08×
Q2 25
2.92×
Q1 25
0.13×
Q4 24
Q3 24
3.55×
Q2 24
0.87×
Q1 24
3.92×
-2.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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