Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: MP stock price vs RS: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at RS's multiple
Needs RS P/S.
Implied fair value · at MP's multiple
Needs MP P/S.
Metric by metric
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Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MP FY 2025 (ended Dec 31, 2025) · RS FY 2025 (ended Dec 31, 2025).
Trendline
Seven fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
MP Materials Corp. / DE · implied price per share
Bear
-$0.42
Base
-$0.50
Bull
-$0.57
RELIANCE, INC. · implied price per share
Bear
$41.20
Base
$48.46
Bull
$55.73
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.50x
0.20x
Net debt / EBITDA
Leverage against operating earnings
11.35x
1.09x
Cash and equivalents
Liquid reserves on the balance sheet
$1.17B
$216.60M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$998.74M
$1.42B
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LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe MP can rapidly convert its 10.1% revenue growth into positive margins and materially lower its 11.4x net debt/EBITDA, then a hold could be justified; otherwise, the data favors avoiding or reducing exposure because MP trades at an extreme premium to RS despite much weaker profitability and leverage.
MP trades at 45.7x P/S and 44.9x EV/Revenue versus RS at 1.5x P/S and 1.6x EV/Revenue, implying an extreme valuation disconnect. The model’s implied price of $1.87 versus MP’s current $57.57 suggests the market is pricing in a very large rerating that is not supported by RS comparison.
Supporting Metrics
