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Side-by-side financial comparison of IPERIONX Ltd (IPX) and MP Materials Corp. (MP). Click either name above to swap in a different company.

IPERIONX Ltd is a sustainable advanced materials company specializing in the production of low-carbon titanium and titanium powders. It primarily serves aerospace, automotive, 3D printing, and defense sectors across North America and Europe, delivering high-performance, low-emission titanium products to help clients reduce supply chain carbon footprints.

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.

8-Quarter Revenue & Profit Trend

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

Revenue
IPX
IPX
MP
MP
Q4 25
$52.7M
Q3 25
$53.6M
Q2 25
$57.4M
Q1 25
$60.8M
Q4 24
$61.0M
Q3 24
$62.9M
Q2 24
$31.3M
Q1 24
$48.7M
Net Profit
IPX
IPX
MP
MP
Q4 25
$9.4M
Q3 25
$-41.8M
Q2 25
$-30.9M
Q1 25
$-22.6M
Q4 24
$-22.3M
Q3 24
$-25.5M
Q2 24
$-34.1M
Q1 24
$16.5M
Operating Margin
IPX
IPX
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
IPX
IPX
MP
MP
Q4 25
17.9%
Q3 25
-78.0%
Q2 25
-53.8%
Q1 25
-37.2%
Q4 24
-36.6%
Q3 24
-40.5%
Q2 24
-108.9%
Q1 24
33.9%
EPS (diluted)
IPX
IPX
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

Financial Flow Comparison

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

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