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Side-by-side financial comparison of BLACKBOXSTOCKS INC. (BLBX) 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 $628.4K, roughly 83.8× BLACKBOXSTOCKS INC.). MP Materials Corp. runs the higher net margin — 17.9% vs -255.8%, a 273.6% gap on every dollar of revenue. On growth, BLACKBOXSTOCKS INC. posted the faster year-over-year revenue change (7.4% vs -13.6%). Over the past eight quarters, MP Materials Corp.'s revenue compounded faster (4.0% CAGR vs -1.6%).

Blackboxstocks Inc. is a US-based fintech firm operating a subscription trading analytics platform for retail and active traders. It provides real-time market data, trade signals, analytical tools and social trading features for equity, options and digital asset markets, making institutional-grade trading resources accessible to individual users.

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.

BLBX vs MP — Head-to-Head

Bigger by revenue
MP
MP
83.8× larger
MP
$52.7M
$628.4K
BLBX
Growing faster (revenue YoY)
BLBX
BLBX
+21.0% gap
BLBX
7.4%
-13.6%
MP
Higher net margin
MP
MP
273.6% more per $
MP
17.9%
-255.8%
BLBX
Faster 2-yr revenue CAGR
MP
MP
Annualised
MP
4.0%
-1.6%
BLBX

Income Statement — Q4 2025 vs Q4 2025

Metric
BLBX
BLBX
MP
MP
Revenue
$628.4K
$52.7M
Net Profit
$-1.6M
$9.4M
Gross Margin
60.6%
Operating Margin
-248.0%
-7.0%
Net Margin
-255.8%
17.9%
Revenue YoY
7.4%
-13.6%
Net Profit YoY
-69.4%
142.2%
EPS (diluted)
$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
BLBX
BLBX
MP
MP
Q4 25
$628.4K
$52.7M
Q3 25
$697.0K
$53.6M
Q2 25
$518.8K
$57.4M
Q1 25
$587.1K
$60.8M
Q4 24
$585.0K
$61.0M
Q3 24
$647.8K
$62.9M
Q2 24
$684.7K
$31.3M
Q1 24
$649.4K
$48.7M
Net Profit
BLBX
BLBX
MP
MP
Q4 25
$-1.6M
$9.4M
Q3 25
$-720.6K
$-41.8M
Q2 25
$-1.3M
$-30.9M
Q1 25
$-829.1K
$-22.6M
Q4 24
$-948.7K
$-22.3M
Q3 24
$-780.8K
$-25.5M
Q2 24
$-877.9K
$-34.1M
Q1 24
$-863.7K
$16.5M
Gross Margin
BLBX
BLBX
MP
MP
Q4 25
60.6%
Q3 25
53.7%
Q2 25
32.2%
Q1 25
41.6%
Q4 24
26.5%
Q3 24
54.7%
Q2 24
48.0%
Q1 24
44.9%
Operating Margin
BLBX
BLBX
MP
MP
Q4 25
-248.0%
-7.0%
Q3 25
-63.0%
-125.2%
Q2 25
-220.4%
-76.5%
Q1 25
-151.2%
-57.2%
Q4 24
-151.5%
-72.1%
Q3 24
-113.3%
-62.8%
Q2 24
-120.5%
-171.1%
Q1 24
-133.0%
-66.6%
Net Margin
BLBX
BLBX
MP
MP
Q4 25
-255.8%
17.9%
Q3 25
-103.4%
-78.0%
Q2 25
-244.7%
-53.8%
Q1 25
-141.2%
-37.2%
Q4 24
-162.2%
-36.6%
Q3 24
-120.5%
-40.5%
Q2 24
-128.2%
-108.9%
Q1 24
-133.0%
33.9%
EPS (diluted)
BLBX
BLBX
MP
MP
Q4 25
$0.07
Q3 25
$-0.24
Q2 25
$-0.19
Q1 25
$-0.14
Q4 24
$-0.12
Q3 24
$-0.16
Q2 24
$-0.21
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
BLBX
BLBX
MP
MP
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$998.7M
Stockholders' EquityBook value
$5.7M
$2.0B
Total Assets
$8.7M
$3.9B
Debt / EquityLower = less leverage
0.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLBX
BLBX
MP
MP
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$261.5M
Q1 25
$198.3M
Q4 24
$282.4M
Q3 24
$60.9K
$284.4M
Q2 24
$1.1M
$295.6M
Q1 24
$115.0K
$296.5M
Total Debt
BLBX
BLBX
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
BLBX
BLBX
MP
MP
Q4 25
$5.7M
$2.0B
Q3 25
$4.8M
$2.0B
Q2 25
$3.6M
$1.0B
Q1 25
$4.7M
$1.0B
Q4 24
$5.4M
$1.1B
Q3 24
$6.3M
$1.1B
Q2 24
$5.8M
$1.1B
Q1 24
$6.5M
$1.1B
Total Assets
BLBX
BLBX
MP
MP
Q4 25
$8.7M
$3.9B
Q3 25
$8.8M
$3.8B
Q2 25
$9.9M
$2.3B
Q1 25
$10.2M
$2.4B
Q4 24
$9.9M
$2.3B
Q3 24
$10.0M
$2.3B
Q2 24
$9.9M
$2.4B
Q1 24
$9.0M
$2.4B
Debt / Equity
BLBX
BLBX
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
BLBX
BLBX
MP
MP
Operating Cash FlowLast quarter
$-510.4K
$-46.9M
Free Cash FlowOCF − Capex
$-109.3M
FCF MarginFCF / Revenue
-207.4%
Capex IntensityCapex / Revenue
118.5%
Cash ConversionOCF / Net Profit
-4.97×
TTM Free Cash FlowTrailing 4 quarters
$-328.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLBX
BLBX
MP
MP
Q4 25
$-510.4K
$-46.9M
Q3 25
$-955.9K
$-42.0M
Q2 25
$-1.1M
$-3.7M
Q1 25
$-643.7K
$-63.2M
Q4 24
$-24.4K
$30.5M
Q3 24
$5.8K
$-6.8M
Q2 24
$-333.4K
$30.8M
Q1 24
$-353.8K
$-41.1M
Free Cash Flow
BLBX
BLBX
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
BLBX
BLBX
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
BLBX
BLBX
MP
MP
Q4 25
118.5%
Q3 25
94.3%
Q2 25
50.5%
Q1 25
50.1%
Q4 24
68.3%
Q3 24
0.0%
73.8%
Q2 24
148.7%
Q1 24
106.5%
Cash Conversion
BLBX
BLBX
MP
MP
Q4 25
-4.97×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-2.49×

Financial Flow Comparison

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

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