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Side-by-side financial comparison of Elme Communities (ELME) 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 ($90.6M vs $62.1M, roughly 1.5× Elme Communities). MP Materials Corp. runs the higher net margin — -8.8% vs -198.9%, a 190.1% gap on every dollar of revenue. On growth, MP Materials Corp. posted the faster year-over-year revenue change (49.1% vs 1.7%). Over the past eight quarters, MP Materials Corp.'s revenue compounded faster (70.3% CAGR vs 2.7%).

Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.

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.

ELME vs MP — Head-to-Head

Bigger by revenue
MP
MP
1.5× larger
MP
$90.6M
$62.1M
ELME
Growing faster (revenue YoY)
MP
MP
+47.4% gap
MP
49.1%
1.7%
ELME
Higher net margin
MP
MP
190.1% more per $
MP
-8.8%
-198.9%
ELME
Faster 2-yr revenue CAGR
MP
MP
Annualised
MP
70.3%
2.7%
ELME

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ELME
ELME
MP
MP
Revenue
$62.1M
$90.6M
Net Profit
$-123.5M
$-8.0M
Gross Margin
61.1%
Operating Margin
-183.3%
Net Margin
-198.9%
-8.8%
Revenue YoY
1.7%
49.1%
Net Profit YoY
-4058.7%
64.8%
EPS (diluted)
$-1.40
$-0.04

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
ELME
ELME
MP
MP
Q1 26
$90.6M
Q4 25
$52.7M
Q3 25
$62.1M
$53.6M
Q2 25
$62.1M
$57.4M
Q1 25
$61.5M
$60.8M
Q4 24
$61.3M
$61.0M
Q3 24
$61.1M
$62.9M
Q2 24
$60.1M
$31.3M
Net Profit
ELME
ELME
MP
MP
Q1 26
$-8.0M
Q4 25
$9.4M
Q3 25
$-123.5M
$-41.8M
Q2 25
$-3.6M
$-30.9M
Q1 25
$-4.7M
$-22.6M
Q4 24
$-3.0M
$-22.3M
Q3 24
$-3.0M
$-25.5M
Q2 24
$-3.5M
$-34.1M
Gross Margin
ELME
ELME
MP
MP
Q1 26
Q4 25
Q3 25
61.1%
Q2 25
63.5%
Q1 25
64.2%
Q4 24
62.9%
Q3 24
63.5%
Q2 24
63.4%
Operating Margin
ELME
ELME
MP
MP
Q1 26
Q4 25
-7.0%
Q3 25
-183.3%
-125.2%
Q2 25
9.6%
-76.5%
Q1 25
7.8%
-57.2%
Q4 24
10.4%
-72.1%
Q3 24
11.0%
-62.8%
Q2 24
9.8%
-171.1%
Net Margin
ELME
ELME
MP
MP
Q1 26
-8.8%
Q4 25
17.9%
Q3 25
-198.9%
-78.0%
Q2 25
-5.7%
-53.8%
Q1 25
-7.6%
-37.2%
Q4 24
-4.9%
-36.6%
Q3 24
-4.9%
-40.5%
Q2 24
-5.8%
-108.9%
EPS (diluted)
ELME
ELME
MP
MP
Q1 26
$-0.04
Q4 25
$0.07
Q3 25
$-1.40
$-0.24
Q2 25
$-0.04
$-0.19
Q1 25
$-0.05
$-0.14
Q4 24
$-0.04
$-0.12
Q3 24
$-0.03
$-0.16
Q2 24
$-0.04
$-0.21

Balance Sheet & Financial Strength

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

Metric
ELME
ELME
MP
MP
Cash + ST InvestmentsLiquidity on hand
$7.1M
$1.7B
Total DebtLower is stronger
$1.0B
Stockholders' EquityBook value
$908.9M
$2.0B
Total Assets
$1.7B
$3.8B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELME
ELME
MP
MP
Q1 26
$1.7B
Q4 25
$1.2B
Q3 25
$7.1M
$1.1B
Q2 25
$4.8M
$261.5M
Q1 25
$6.4M
$198.3M
Q4 24
$6.1M
$282.4M
Q3 24
$4.8M
$284.4M
Q2 24
$5.6M
$295.6M
Total Debt
ELME
ELME
MP
MP
Q1 26
$1.0B
Q4 25
$998.7M
Q3 25
$997.3M
Q2 25
$910.8M
Q1 25
$909.8M
Q4 24
$908.7M
Q3 24
Q2 24
Stockholders' Equity
ELME
ELME
MP
MP
Q1 26
$2.0B
Q4 25
$2.0B
Q3 25
$908.9M
$2.0B
Q2 25
$1.0B
$1.0B
Q1 25
$1.1B
$1.0B
Q4 24
$1.1B
$1.1B
Q3 24
$1.1B
$1.1B
Q2 24
$1.1B
$1.1B
Total Assets
ELME
ELME
MP
MP
Q1 26
$3.8B
Q4 25
$3.9B
Q3 25
$1.7B
$3.8B
Q2 25
$1.8B
$2.3B
Q1 25
$1.8B
$2.4B
Q4 24
$1.8B
$2.3B
Q3 24
$1.9B
$2.3B
Q2 24
$1.9B
$2.4B
Debt / Equity
ELME
ELME
MP
MP
Q1 26
0.51×
Q4 25
0.50×
Q3 25
0.51×
Q2 25
0.90×
Q1 25
0.88×
Q4 24
0.86×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ELME
ELME
MP
MP
Operating Cash FlowLast quarter
$15.9M
$-1.9M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
11.6%
Capex IntensityCapex / Revenue
14.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$86.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELME
ELME
MP
MP
Q1 26
$-1.9M
Q4 25
$-46.9M
Q3 25
$15.9M
$-42.0M
Q2 25
$29.8M
$-3.7M
Q1 25
$16.2M
$-63.2M
Q4 24
$95.2M
$30.5M
Q3 24
$20.7M
$-6.8M
Q2 24
$28.9M
$30.8M
Free Cash Flow
ELME
ELME
MP
MP
Q1 26
Q4 25
$-109.3M
Q3 25
$7.2M
$-92.5M
Q2 25
$21.1M
$-32.7M
Q1 25
$10.5M
$-93.7M
Q4 24
$47.9M
$-11.2M
Q3 24
$8.8M
$-53.3M
Q2 24
$21.0M
$-15.6M
FCF Margin
ELME
ELME
MP
MP
Q1 26
Q4 25
-207.4%
Q3 25
11.6%
-172.8%
Q2 25
34.1%
-56.9%
Q1 25
17.1%
-154.0%
Q4 24
78.1%
-18.3%
Q3 24
14.4%
-84.7%
Q2 24
34.9%
-50.1%
Capex Intensity
ELME
ELME
MP
MP
Q1 26
Q4 25
118.5%
Q3 25
14.0%
94.3%
Q2 25
14.0%
50.5%
Q1 25
9.2%
50.1%
Q4 24
77.4%
68.3%
Q3 24
19.4%
73.8%
Q2 24
13.1%
148.7%
Cash Conversion
ELME
ELME
MP
MP
Q1 26
Q4 25
-4.97×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELME
ELME

Residential Segment$57.7M93%
Other$4.4M7%

MP
MP

Materials Segment$72.2M80%
Magnetics Segment$21.1M23%

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