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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

Bigger by revenue
MP
MP
1.8× larger
MP
$52.7M
$29.1M
GPMT
Growing faster (revenue YoY)
MP
MP
+11.3% gap
MP
-13.6%
-24.9%
GPMT
Higher net margin
MP
MP
99.8% more per $
MP
17.9%
-81.9%
GPMT
Faster 2-yr revenue CAGR
GPMT
GPMT
Annualised
GPMT
52.3%
4.0%
MP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GPMT
GPMT
MP
MP
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.

Revenue
GPMT
GPMT
MP
MP
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
Net Profit
GPMT
GPMT
MP
MP
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
Operating Margin
GPMT
GPMT
MP
MP
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%
Net Margin
GPMT
GPMT
MP
MP
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%
EPS (diluted)
GPMT
GPMT
MP
MP
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
GPMT
GPMT
MP
MP
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.

Cash + ST Investments
GPMT
GPMT
MP
MP
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
Total Debt
GPMT
GPMT
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
GPMT
GPMT
MP
MP
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
Total Assets
GPMT
GPMT
MP
MP
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
Debt / Equity
GPMT
GPMT
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
GPMT
GPMT
MP
MP
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.

Operating Cash Flow
GPMT
GPMT
MP
MP
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
Free Cash Flow
GPMT
GPMT
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
GPMT
GPMT
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
GPMT
GPMT
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
GPMT
GPMT
MP
MP
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
GPMT

Segment breakdown not available.

MP
MP

Materials Segment$35.6M68%
Other$17.1M32%

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