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Side-by-side financial comparison of MP Materials Corp. (MP) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Proficient Auto Logistics, Inc is the larger business by last-quarter revenue ($91.5M vs $52.7M, roughly 1.7× MP Materials Corp.). MP Materials Corp. runs the higher net margin — 17.9% vs -1.5%, a 19.4% gap on every dollar of revenue.

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.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

MP vs PAL — Head-to-Head

Bigger by revenue
PAL
PAL
1.7× larger
PAL
$91.5M
$52.7M
MP
Higher net margin
MP
MP
19.4% more per $
MP
17.9%
-1.5%
PAL

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
MP
MP
PAL
PAL
Revenue
$52.7M
$91.5M
Net Profit
$9.4M
$-1.4M
Gross Margin
Operating Margin
-7.0%
-2.4%
Net Margin
17.9%
-1.5%
Revenue YoY
-13.6%
Net Profit YoY
142.2%
EPS (diluted)
$0.07
$-0.05

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
PAL
PAL
Q4 25
$52.7M
Q3 25
$53.6M
Q2 25
$57.4M
Q1 25
$60.8M
Q4 24
$61.0M
Q3 24
$62.9M
$91.5M
Q2 24
$31.3M
Q1 24
$48.7M
Net Profit
MP
MP
PAL
PAL
Q4 25
$9.4M
Q3 25
$-41.8M
Q2 25
$-30.9M
Q1 25
$-22.6M
Q4 24
$-22.3M
Q3 24
$-25.5M
$-1.4M
Q2 24
$-34.1M
Q1 24
$16.5M
Operating Margin
MP
MP
PAL
PAL
Q4 25
-7.0%
Q3 25
-125.2%
Q2 25
-76.5%
Q1 25
-57.2%
Q4 24
-72.1%
Q3 24
-62.8%
-2.4%
Q2 24
-171.1%
Q1 24
-66.6%
Net Margin
MP
MP
PAL
PAL
Q4 25
17.9%
Q3 25
-78.0%
Q2 25
-53.8%
Q1 25
-37.2%
Q4 24
-36.6%
Q3 24
-40.5%
-1.5%
Q2 24
-108.9%
Q1 24
33.9%
EPS (diluted)
MP
MP
PAL
PAL
Q4 25
$0.07
Q3 25
$-0.24
Q2 25
$-0.19
Q1 25
$-0.14
Q4 24
$-0.12
Q3 24
$-0.16
$-0.05
Q2 24
$-0.21
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
MP
MP
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$1.2B
$16.8M
Total DebtLower is stronger
$998.7M
$64.0M
Stockholders' EquityBook value
$2.0B
$338.5M
Total Assets
$3.9B
$498.2M
Debt / EquityLower = less leverage
0.50×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MP
MP
PAL
PAL
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$261.5M
Q1 25
$198.3M
Q4 24
$282.4M
Q3 24
$284.4M
$16.8M
Q2 24
$295.6M
Q1 24
$296.5M
Total Debt
MP
MP
PAL
PAL
Q4 25
$998.7M
Q3 25
$997.3M
Q2 25
$910.8M
Q1 25
$909.8M
Q4 24
$908.7M
Q3 24
$64.0M
Q2 24
Q1 24
Stockholders' Equity
MP
MP
PAL
PAL
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
$338.5M
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
MP
MP
PAL
PAL
Q4 25
$3.9B
Q3 25
$3.8B
Q2 25
$2.3B
Q1 25
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
$498.2M
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
MP
MP
PAL
PAL
Q4 25
0.50×
Q3 25
0.51×
Q2 25
0.90×
Q1 25
0.88×
Q4 24
0.86×
Q3 24
0.19×
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
PAL
PAL
Operating Cash FlowLast quarter
$-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
MP
MP
PAL
PAL
Q4 25
$-46.9M
Q3 25
$-42.0M
Q2 25
$-3.7M
Q1 25
$-63.2M
Q4 24
$30.5M
Q3 24
$-6.8M
Q2 24
$30.8M
Q1 24
$-41.1M
Free Cash Flow
MP
MP
PAL
PAL
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
MP
MP
PAL
PAL
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
MP
MP
PAL
PAL
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
MP
MP
PAL
PAL
Q4 25
-4.97×
Q3 25
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

MP
MP

Materials Segment$35.6M68%
Other$17.1M32%

PAL
PAL

Segment breakdown not available.

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