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Side-by-side financial comparison of Granite Point Mortgage Trust Inc. (GPMT) 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 $29.1M, roughly 1.8× Granite Point Mortgage Trust Inc.). MP Materials Corp. runs the higher net margin — 17.9% vs -81.9%, a 99.8% gap on every dollar of revenue. On growth, MP Materials Corp. posted the faster year-over-year revenue change (-13.6% vs -24.9%). Over the past eight quarters, Granite Point Mortgage Trust Inc.'s revenue compounded faster (52.3% CAGR vs 4.0%).
Granite Point Mortgage Trust Inc. is a U.S.-based real estate finance company that primarily originates, manages and invests in senior secured commercial real estate debt instruments. Its core portfolio covers loans backed by multifamily, office, industrial, retail and other commercial property types across key U.S. regional markets, serving institutional and commercial real estate operator clients.
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.
GPMT vs MP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $29.1M | $52.7M |
| Net Profit | $-23.8M | $9.4M |
| Gross Margin | — | — |
| Operating Margin | -81.9% | -7.0% |
| Net Margin | -81.9% | 17.9% |
| Revenue YoY | -24.9% | -13.6% |
| Net Profit YoY | 38.7% | 142.2% |
| EPS (diluted) | $-0.58 | $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.
| Q4 25 | $29.1M | $52.7M | ||
| Q3 25 | $33.7M | $53.6M | ||
| Q2 25 | $33.8M | $57.4M | ||
| Q1 25 | $35.1M | $60.8M | ||
| Q4 24 | $38.7M | $61.0M | ||
| Q3 24 | $44.3M | $62.9M | ||
| Q2 24 | $48.5M | $31.3M | ||
| Q1 24 | $12.5M | $48.7M |
| Q4 25 | $-23.8M | $9.4M | ||
| Q3 25 | $3.0M | $-41.8M | ||
| Q2 25 | $-13.4M | $-30.9M | ||
| Q1 25 | $-7.0M | $-22.6M | ||
| Q4 24 | $-38.8M | $-22.3M | ||
| Q3 24 | $-31.0M | $-25.5M | ||
| Q2 24 | $-63.1M | $-34.1M | ||
| Q1 24 | $-74.1M | $16.5M |
| Q4 25 | -81.9% | -7.0% | ||
| Q3 25 | 9.2% | -125.2% | ||
| Q2 25 | -39.5% | -76.5% | ||
| Q1 25 | -19.8% | -57.2% | ||
| Q4 24 | -100.3% | -72.1% | ||
| Q3 24 | -70.0% | -62.8% | ||
| Q2 24 | -130.1% | -171.1% | ||
| Q1 24 | -591.9% | -66.6% |
| Q4 25 | -81.9% | 17.9% | ||
| Q3 25 | 9.0% | -78.0% | ||
| Q2 25 | -39.5% | -53.8% | ||
| Q1 25 | -20.0% | -37.2% | ||
| Q4 24 | -100.3% | -36.6% | ||
| Q3 24 | -70.0% | -40.5% | ||
| Q2 24 | -130.1% | -108.9% | ||
| Q1 24 | -591.9% | 33.9% |
| Q4 25 | $-0.58 | $0.07 | ||
| Q3 25 | $-0.01 | $-0.24 | ||
| Q2 25 | $-0.35 | $-0.19 | ||
| Q1 25 | $-0.22 | $-0.14 | ||
| Q4 24 | $-0.86 | $-0.12 | ||
| Q3 24 | $-0.69 | $-0.16 | ||
| Q2 24 | $-1.31 | $-0.21 | ||
| Q1 24 | $-1.53 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $66.0M | $1.2B |
| Total DebtLower is stronger | — | $998.7M |
| Stockholders' EquityBook value | $552.7M | $2.0B |
| Total Assets | $1.8B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.0M | $1.2B | ||
| Q3 25 | $62.7M | $1.1B | ||
| Q2 25 | $85.1M | $261.5M | ||
| Q1 25 | $85.7M | $198.3M | ||
| Q4 24 | $87.8M | $282.4M | ||
| Q3 24 | $113.5M | $284.4M | ||
| Q2 24 | $85.9M | $295.6M | ||
| Q1 24 | $155.2M | $296.5M |
| 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 | — | — |
| Q4 25 | $552.7M | $2.0B | ||
| Q3 25 | $582.0M | $2.0B | ||
| Q2 25 | $584.2M | $1.0B | ||
| Q1 25 | $604.7M | $1.0B | ||
| Q4 24 | $619.1M | $1.1B | ||
| Q3 24 | $667.8M | $1.1B | ||
| Q2 24 | $704.6M | $1.1B | ||
| Q1 24 | $774.1M | $1.1B |
| Q4 25 | $1.8B | $3.9B | ||
| Q3 25 | $1.8B | $3.8B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | $2.0B | $2.4B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.5B | $2.4B | ||
| Q1 24 | $2.7B | $2.4B |
| 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 | ||
|---|---|---|
| Operating Cash FlowLast quarter | $2.7M | $-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.
| Q4 25 | $2.7M | $-46.9M | ||
| Q3 25 | $4.5M | $-42.0M | ||
| Q2 25 | $736.0K | $-3.7M | ||
| Q1 25 | $-5.7M | $-63.2M | ||
| Q4 24 | $8.8M | $30.5M | ||
| Q3 24 | $6.1M | $-6.8M | ||
| Q2 24 | $987.0K | $30.8M | ||
| Q1 24 | $1.7M | $-41.1M |
| 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 |
| 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% |
| 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% |
| Q4 25 | — | -4.97× | ||
| Q3 25 | 1.49× | — | ||
| 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.
Revenue Breakdown by Segment
GPMT
Segment breakdown not available.
MP
| Materials Segment | $35.6M | 68% |
| Other | $17.1M | 32% |