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Side-by-side financial comparison of MP Materials Corp. (MP) and NORTHRIM BANCORP INC (NRIM). Click either name above to swap in a different company.

NORTHRIM BANCORP INC is the larger business by last-quarter revenue ($61.2M vs $52.7M, roughly 1.2× MP Materials Corp.). On growth, NORTHRIM BANCORP INC posted the faster year-over-year revenue change (11.6% vs -13.6%). NORTHRIM BANCORP INC produced more free cash flow last quarter ($133.9M vs $-109.3M). Over the past eight quarters, NORTHRIM BANCORP INC's revenue compounded faster (18.4% CAGR vs 4.0%).

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.

Northrim Bancorp Inc is a U.S. regional bank holding company based in Anchorage, Alaska. It offers commercial and consumer banking services including deposit accounts, business and personal loans, mortgage products, and wealth management solutions, serving local small businesses, individual customers and corporate clients in its operating areas.

MP vs NRIM — Head-to-Head

Bigger by revenue
NRIM
NRIM
1.2× larger
NRIM
$61.2M
$52.7M
MP
Growing faster (revenue YoY)
NRIM
NRIM
+25.2% gap
NRIM
11.6%
-13.6%
MP
More free cash flow
NRIM
NRIM
$243.1M more FCF
NRIM
$133.9M
$-109.3M
MP
Faster 2-yr revenue CAGR
NRIM
NRIM
Annualised
NRIM
18.4%
4.0%
MP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MP
MP
NRIM
NRIM
Revenue
$52.7M
$61.2M
Net Profit
$9.4M
Gross Margin
79.9%
Operating Margin
-7.0%
27.2%
Net Margin
17.9%
Revenue YoY
-13.6%
11.6%
Net Profit YoY
142.2%
EPS (diluted)
$0.07
$-2.80

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
MP
MP
NRIM
NRIM
Q4 25
$52.7M
$61.2M
Q3 25
$53.6M
$77.2M
Q2 25
$57.4M
$61.4M
Q1 25
$60.8M
$55.8M
Q4 24
$61.0M
$54.8M
Q3 24
$62.9M
$51.0M
Q2 24
$31.3M
$46.5M
Q1 24
$48.7M
$43.7M
Net Profit
MP
MP
NRIM
NRIM
Q4 25
$9.4M
Q3 25
$-41.8M
$27.1M
Q2 25
$-30.9M
$11.8M
Q1 25
$-22.6M
$13.3M
Q4 24
$-22.3M
Q3 24
$-25.5M
$8.8M
Q2 24
$-34.1M
$9.0M
Q1 24
$16.5M
$8.2M
Gross Margin
MP
MP
NRIM
NRIM
Q4 25
79.9%
Q3 25
84.0%
Q2 25
78.5%
Q1 25
84.1%
Q4 24
77.8%
Q3 24
75.2%
Q2 24
79.1%
Q1 24
78.2%
Operating Margin
MP
MP
NRIM
NRIM
Q4 25
-7.0%
27.2%
Q3 25
-125.2%
44.8%
Q2 25
-76.5%
25.7%
Q1 25
-57.2%
31.5%
Q4 24
-72.1%
24.3%
Q3 24
-62.8%
22.8%
Q2 24
-171.1%
24.9%
Q1 24
-66.6%
24.1%
Net Margin
MP
MP
NRIM
NRIM
Q4 25
17.9%
Q3 25
-78.0%
35.1%
Q2 25
-53.8%
19.2%
Q1 25
-37.2%
23.9%
Q4 24
-36.6%
Q3 24
-40.5%
17.3%
Q2 24
-108.9%
19.4%
Q1 24
33.9%
18.8%
EPS (diluted)
MP
MP
NRIM
NRIM
Q4 25
$0.07
$-2.80
Q3 25
$-0.24
$1.20
Q2 25
$-0.19
$2.09
Q1 25
$-0.14
$2.38
Q4 24
$-0.12
$-1.83
Q3 24
$-0.16
$0.39
Q2 24
$-0.21
$1.62
Q1 24
$-0.08
$1.48

Balance Sheet & Financial Strength

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

Metric
MP
MP
NRIM
NRIM
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$998.7M
$12.8M
Stockholders' EquityBook value
$2.0B
$326.5M
Total Assets
$3.9B
$3.3B
Debt / EquityLower = less leverage
0.50×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MP
MP
NRIM
NRIM
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$261.5M
Q1 25
$198.3M
Q4 24
$282.4M
Q3 24
$284.4M
Q2 24
$295.6M
Q1 24
$296.5M
Total Debt
MP
MP
NRIM
NRIM
Q4 25
$998.7M
$12.8M
Q3 25
$997.3M
Q2 25
$910.8M
Q1 25
$909.8M
Q4 24
$908.7M
$23.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MP
MP
NRIM
NRIM
Q4 25
$2.0B
$326.5M
Q3 25
$2.0B
$315.7M
Q2 25
$1.0B
$290.2M
Q1 25
$1.0B
$279.8M
Q4 24
$1.1B
$267.1M
Q3 24
$1.1B
$260.1M
Q2 24
$1.1B
$247.2M
Q1 24
$1.1B
$239.3M
Total Assets
MP
MP
NRIM
NRIM
Q4 25
$3.9B
$3.3B
Q3 25
$3.8B
$3.3B
Q2 25
$2.3B
$3.2B
Q1 25
$2.4B
$3.1B
Q4 24
$2.3B
$3.0B
Q3 24
$2.3B
$3.0B
Q2 24
$2.4B
$2.8B
Q1 24
$2.4B
$2.8B
Debt / Equity
MP
MP
NRIM
NRIM
Q4 25
0.50×
0.04×
Q3 25
0.51×
Q2 25
0.90×
Q1 25
0.88×
Q4 24
0.86×
0.09×
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
MP
MP
NRIM
NRIM
Operating Cash FlowLast quarter
$-46.9M
$139.3M
Free Cash FlowOCF − Capex
$-109.3M
$133.9M
FCF MarginFCF / Revenue
-207.4%
218.9%
Capex IntensityCapex / Revenue
118.5%
8.9%
Cash ConversionOCF / Net Profit
-4.97×
TTM Free Cash FlowTrailing 4 quarters
$-328.1M
$235.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MP
MP
NRIM
NRIM
Q4 25
$-46.9M
$139.3M
Q3 25
$-42.0M
$92.7M
Q2 25
$-3.7M
$-4.4M
Q1 25
$-63.2M
$16.5M
Q4 24
$30.5M
$-8.7M
Q3 24
$-6.8M
$-201.0K
Q2 24
$30.8M
$-38.5M
Q1 24
$-41.1M
$-5.5M
Free Cash Flow
MP
MP
NRIM
NRIM
Q4 25
$-109.3M
$133.9M
Q3 25
$-92.5M
$89.9M
Q2 25
$-32.7M
$-4.7M
Q1 25
$-93.7M
$16.3M
Q4 24
$-11.2M
$-9.3M
Q3 24
$-53.3M
$-330.0K
Q2 24
$-15.6M
$-39.4M
Q1 24
$-93.0M
$-6.6M
FCF Margin
MP
MP
NRIM
NRIM
Q4 25
-207.4%
218.9%
Q3 25
-172.8%
116.5%
Q2 25
-56.9%
-7.7%
Q1 25
-154.0%
29.3%
Q4 24
-18.3%
-17.1%
Q3 24
-84.7%
-0.6%
Q2 24
-50.1%
-84.7%
Q1 24
-191.0%
-15.1%
Capex Intensity
MP
MP
NRIM
NRIM
Q4 25
118.5%
8.9%
Q3 25
94.3%
3.5%
Q2 25
50.5%
0.5%
Q1 25
50.1%
0.4%
Q4 24
68.3%
1.1%
Q3 24
73.8%
0.3%
Q2 24
148.7%
1.9%
Q1 24
106.5%
2.4%
Cash Conversion
MP
MP
NRIM
NRIM
Q4 25
-4.97×
Q3 25
3.42×
Q2 25
-0.37×
Q1 25
1.24×
Q4 24
Q3 24
-0.02×
Q2 24
-4.27×
Q1 24
-2.49×
-0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MP
MP

Materials Segment$35.6M68%
Other$17.1M32%

NRIM
NRIM

Community Banking Segment$44.3M72%
Specialty Finance Segment$7.4M12%
Other$4.7M8%
Home Mortgage Lending Segment$3.6M6%
Credit And Debit Card$1.2M2%

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