NB
NioCorp Developments Ltd.
Industrial Materials
Market Cap$773M
5Y Perf.+0.6%
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Stock Comparison
NB vs MP
Revenue, margins, valuation, and 5-year total return — side by side.
MP
MP Materials Corp.
Industrial Materials
Market Cap$12.91B
5Y Perf.+157.7%
NB vs MP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | NB | MP |
|---|---|---|
| Industry | Industrial Materials | Industrial Materials |
| Market Cap | $773M | $12.91B |
| Revenue (TTM) | $0.00 | $275M |
| Net Income (TTM) | $-55M | $-86M |
| Gross Margin | — | 5.8% |
| Operating Margin | — | -53.0% |
| Forward P/E | — | 288.3x |
| Total Debt | $131K | $1.04B |
| Cash & Equiv. | $26M | $1.17B |
NB vs MP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
NB
MP
| Stock | Mar 23 | May 26 | Return |
|---|---|---|---|
| NioCorp Development… (NB) | 100 | 100.6 | +0.6% |
| MP Materials Corp. (MP) | 100 | 257.7 | +157.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NB vs MP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MP leads in 3 of 6 categories, making it the strongest pick for capital preservation and lower volatility and recent price momentum and sentiment. NioCorp Developments Ltd. is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
NB
NioCorp Developments Ltd.
The Defensive Pick
NB is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 1.50, Low D/E 0.4%, current ratio 14.12x
- 150.8% revenue growth vs MP's 35.1%
- 0.1% margin vs MP's -31.2%
Best for: sleep-well-at-night
MP
MP Materials Corp.
The Income Pick
MP carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.40
- Rev growth 35.1%, EPS growth 12.3%, 3Y rev CAGR -19.5%
- 6.3% 10Y total return vs NB's -15.5%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | NB | 150.8% revenue growth vs MP's 35.1% |
| Quality / Margins | NB | 0.1% margin vs MP's -31.2% |
| Stability / Safety | MP | Beta 1.40 vs NB's 1.50 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | MP | +194.2% vs NB's +156.0% |
| Efficiency (ROA) | MP | -2.7% ROA vs NB's -15.9%, ROIC -4.7% vs -148.0% |
NB vs MP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2024
NB vs MP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMPLAGGINGNB
NBNioCorp Developments …
0leads
MPMP Materials Corp.
4leads
6 Total Categories
CATEGORYLEADERvs NBMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
—
—
Valuation MetricsMultiples, price ratios, and targets
MP2/2
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MP6/8
Total Returns1Y, 3Y, 5Y total returns with dividends
MP6/6
Risk & VolatilityBeta, volatility, and downside exposure
MP2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
Insufficient data to determine a leader in this category.
Income & Cash Flow (Last 12 Months)
MP and NB operate at a comparable scale, with $275M and $0 in trailing revenue.
| Metric | NBNioCorp Developme… | MPMP Materials Corp. |
|---|---|---|
| RevenueTrailing 12 months | $0 | $275M |
| EBITDAEarnings before interest/tax | -$25M | -$56M |
| Net IncomeAfter-tax profit | -$55M | -$86M |
| Free Cash FlowCash after capex | -$30M | -$328M |
| Gross MarginGross profit ÷ Revenue | — | +5.8% |
| Operating MarginEBIT ÷ Revenue | — | -53.0% |
| Net MarginNet income ÷ Revenue | — | -31.2% |
| FCF MarginFCF ÷ Revenue | — | -119.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +70.0% |
| EPS Growth (YoY)Latest quarter vs prior year | — | +133.8% |
Insufficient data to determine a leader in this category.
Valuation Metrics
MP leads this category, winning 2 of 2 comparable metrics.
Valuation Metrics
| Metric | NBNioCorp Developme… | MPMP Materials Corp. |
|---|---|---|
| Market CapShares × price | $773M | $12.9B |
| Enterprise ValueMkt cap + debt − cash | $748M | $12.8B |
| Trailing P/EPrice ÷ TTM EPS | -17.78x | -145.30x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 288.29x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | — | 46.86x |
| Price / BookPrice ÷ Book value/share | 9.89x | 5.17x |
| Price / FCFMarket cap ÷ FCF | — | — |
MP leads this category, winning 2 of 2 comparable metrics.
Profitability & Efficiency
MP leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
MP delivers a -5.0% return on equity — every $100 of shareholder capital generates $-5 in annual profit, vs $-18 for NB. NB carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to MP's 0.44x.
| Metric | NBNioCorp Developme… | MPMP Materials Corp. |
|---|---|---|
| ROE (TTM)Return on equity | -18.0% | -5.0% |
| ROA (TTM)Return on assets | -15.9% | -2.7% |
| ROICReturn on invested capital | -148.0% | -4.7% |
| ROCEReturn on capital employed | -47.8% | -4.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 0.00x | 0.44x |
| Net DebtTotal debt minus cash | -$25M | -$123M |
| Cash & Equiv.Liquid assets | $26M | $1.2B |
| Total DebtShort + long-term debt | $131,000 | $1.0B |
| Interest CoverageEBIT ÷ Interest expense | -249.13x | -2.74x |
MP leads this category, winning 6 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
MP leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MP five years ago would be worth $24,787 today (with dividends reinvested), compared to $8,454 for NB. Over the past 12 months, MP leads with a +194.2% total return vs NB's +156.0%. The 3-year compound annual growth rate (CAGR) favors MP at 50.1% vs NB's 2.2% — a key indicator of consistent wealth creation.
| Metric | NBNioCorp Developme… | MPMP Materials Corp. |
|---|---|---|
| YTD ReturnYear-to-date | +7.6% | +32.2% |
| 1-Year ReturnPast 12 months | +156.0% | +194.2% |
| 3-Year ReturnCumulative with dividends | +6.7% | +238.1% |
| 5-Year ReturnCumulative with dividends | -15.5% | +147.9% |
| 10-Year ReturnCumulative with dividends | -15.5% | +626.5% |
| CAGR (3Y)Annualised 3-year return | +2.2% | +50.1% |
MP leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
MP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MP is the less volatile stock with a 1.40 beta — it tends to amplify market swings less than NB's 1.50 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MP currently trades 72.5% from its 52-week high vs NB's 50.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | NBNioCorp Developme… | MPMP Materials Corp. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.50x | 1.40x |
| 52-Week HighHighest price in past year | $12.58 | $100.25 |
| 52-Week LowLowest price in past year | $2.17 | $18.64 |
| % of 52W HighCurrent price vs 52-week peak | +50.9% | +72.5% |
| RSI (14)Momentum oscillator 0–100 | 55.2 | 61.6 |
| Avg Volume (50D)Average daily shares traded | 4.5M | 5.6M |
MP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates NB as "Buy" and MP as "Buy". Consensus price targets imply 46.1% upside for NB (target: $9) vs 7.7% for MP (target: $78).
| Metric | NBNioCorp Developme… | MPMP Materials Corp. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $9.35 | $78.25 |
| # AnalystsCovering analysts | 2 | 11 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
MP leads in 4 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency.
Best OverallMP Materials Corp. (MP)Leads 4 of 6 categories
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NB vs MP: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is NB or MP a better buy right now?
Analysts rate NioCorp Developments Ltd.
(NB) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — NB or MP?
Over the past 5 years, MP Materials Corp.
(MP) delivered a total return of +147. 9%, compared to -15. 5% for NioCorp Developments Ltd. (NB). Over 10 years, the gap is even starker: MP returned +626. 5% versus NB's -15. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — NB or MP?
By beta (market sensitivity over 5 years), MP Materials Corp.
(MP) is the lower-risk stock at 1. 40β versus NioCorp Developments Ltd. 's 1. 50β — meaning NB is approximately 7% more volatile than MP relative to the S&P 500. On balance sheet safety, NioCorp Developments Ltd. (NB) carries a lower debt/equity ratio of 0% versus 44% for MP Materials Corp. — giving it more financial flexibility in a downturn.
04Which is growing faster — NB or MP?
On earnings-per-share growth, the picture is similar: MP Materials Corp.
grew EPS 12. 3% year-over-year, compared to -16. 1% for NioCorp Developments Ltd.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — NB or MP?
NioCorp Developments Ltd.
(NB) is the more profitable company, earning 0. 0% net margin versus -31. 2% for MP Materials Corp. — meaning it keeps 0. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NB leads at 0. 0% versus -44. 6% for MP. At the gross margin level — before operating expenses — NB leads at 0. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is NB or MP more undervalued right now?
Analyst consensus price targets imply the most upside for NB: 46.
1% to $9. 35.
07Which pays a better dividend — NB or MP?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is NB or MP better for a retirement portfolio?
For long-horizon retirement investors, MP Materials Corp.
(MP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+626. 5% 10Y return). Both have compounded well over 10 years (MP: +626. 5%, NB: -15. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between NB and MP?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: NB is a small-cap quality compounder stock; MP is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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