USA Rare Earth Inc (USARW) 10-Year Financial Performance & Capital Metrics

USARW • • Industrial / General

Basic MaterialsIndustrial MaterialsBattery Metals & Critical MineralsRare Earth & Specialty Battery Metals

AboutUSA Rare Earth, Inc. operates as a magnet manufacturing company. The Company develops a NdFeB magnet manufacturing, minerals supply, extraction, and processing plant. USA Rare Earth serves defense, automotive, aviation, industrial, medical, and consumer electronics industries in the United States.Show more

Revenue $0
EBITDA -$4M +83.1%
Net Income $8M +206.5%
EPS (Diluted) 0.00
Gross Margin -
EBITDA Margin -
Operating Margin -
Net Margin -
ROE 32.81%
ROIC -16.42%
Debt/Equity 0.05
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 32.8%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Weak momentum: RS Rating 2 (bottom 2%)
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg-33.5%

5Y Avg-33.5%

3Y Avg-33.5%

Latest-11.33%

Peer Comparison

Rare Earth & Specialty Battery Metals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
USARUSA Rare Earth Inc	2.34B	16.79	180.15			0.37%	1.47
ELBMElectra Battery Materials Corporation	83.35M	0.89	-0.43			-55.75%	1.12
ABATAmerican Battery Technology Company Common Stock	632.3M	4.87	-4.77		-32.31%	-91.5%	0.11
LZMLifezone Metals Limited	475.89M	5.68	-9.63	-90.49%	-276.31%	-387.04%	0.28
NBNioCorp Developments Ltd.	759.13M	6.36	-17.67			-38.32%	0.00
TMCTMC the metals company Inc.	3.05B	7.38	-29.52
IPXIperionX Limited	1.57B	46.73	-38.94			-38.25%	0.04
MPMP Materials Corp.	11.82B	66.70	-117.02	-19.57%	-50.55%	-4.95%	0.87

Profit & Loss

	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	0
Revenue Growth %	-	-	-
Cost of Goods Sold+	0	0	0
COGS % of Revenue	-	-	-
Gross Profit+	0	0	0
Gross Margin %	-	-	-
Gross Profit Growth %	-	-	-
Operating Expenses+	24.26M	24.79M	4.08M
OpEx % of Revenue	-	-	-
Selling, General & Admin	19.78M	21.09M	0
SG&A % of Revenue	-	-	-
Research & Development	271K	1.64M	0
R&D % of Revenue	-	-	-
Other Operating Expenses	4.21M	2.07M	4.08M
Operating Income+	-24.26M	-24.79M	-4.08M
Operating Margin %	-	-	-
Operating Income Growth %	-	-0.02%	0.84%
EBITDA+	-23.59M	-24.07M	-4.08M
EBITDA Margin %	-	-	-
EBITDA Growth %	-	-0.02%	0.83%
D&A (Non-Cash Add-back)	671K	718K	0
EBIT	-24.26M	-24.79M	-4.08M
Net Interest Income+	0	0	5.75K
Interest Income	0	0	5.75K
Interest Expense	0	0	0
Other Income/Expense	-1.28M	16.25M	11.98M
Pretax Income+	-25.54M	-8.54M	7.9M
Pretax Margin %	-	-	-
Income Tax+	0	0	0
Effective Tax Rate %	0.93%	0.87%	1%
Net Income+	-23.84M	-7.42M	7.9M
Net Margin %	-	-	-
Net Income Growth %	-	0.69%	2.07%
Net Income (Continuing)	-25.54M	-8.54M	7.9M
Discontinued Operations	0	0	0
Minority Interest	4.57M	3.33M	0
EPS (Diluted)+	0.00	0.00	0.00
EPS Growth %	-	-	-
EPS (Basic)	0.00	0.00	0.00
Diluted Shares Outstanding	0	0	0
Basic Shares Outstanding	0	0	0
Dividend Payout Ratio	-	-	-

Balance Sheet

	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	27.32M	13.64M	60.5K
Cash & Short-Term Investments	26.97M	13.2M	2.1K
Cash Only	26.97M	13.2M	2.1K
Short-Term Investments	0	0	0
Accounts Receivable	0	0	0
Days Sales Outstanding	-	-	-
Inventory	0	0	0
Days Inventory Outstanding	-	-	-
Other Current Assets	0	0	0
Total Non-Current Assets+	39.53M	43.75M	24.08M
Property, Plant & Equipment	38.52M	43.58M	0
Fixed Asset Turnover	-	-	-
Goodwill	0	0	0
Intangible Assets	0	0	0
Long-Term Investments	945K	40K	0
Other Non-Current Assets	70K	134K	24.08M
Total Assets+	66.86M	57.38M	24.14M
Asset Turnover	-	-	-
Asset Growth %	-	-0.14%	-0.58%
Total Current Liabilities+	10.74M	5.6M	3.94M
Accounts Payable	2.38M	385K	2.74M
Days Payables Outstanding	-	-	-
Short-Term Debt	0	0	1.2M
Deferred Revenue (Current)	0	0	0
Other Current Liabilities	0	0	0
Current Ratio	2.54x	2.44x	0.02x
Quick Ratio	2.54x	2.44x	0.02x
Cash Conversion Cycle	-	-	-
Total Non-Current Liabilities+	24.07M	9.3M	13.15M
Long-Term Debt	0	620K	0
Capital Lease Obligations	460K	21K	0
Deferred Tax Liabilities	0	0	0
Other Non-Current Liabilities	20.24M	464K	13.15M
Total Liabilities	34.81M	14.9M	17.09M
Total Debt+	902K	1.09M	1.2M
Net Debt	-26.07M	-12.11M	1.2M
Debt / Equity	-	-	0.05x
Debt / EBITDA	-	-	-
Net Debt / EBITDA	-	-	-
Interest Coverage	-	-	-
Total Equity+	0	0	24.08M
Equity Growth %	-	-	-
Book Value per Share	-	-	-
Total Shareholders' Equity	0	0	24.08M
Common Stock	3.5M	6.89M	625
Retained Earnings	-44.63M	-54.22M	-17.03M
Treasury Stock	0	0	0
Accumulated OCI	0	0	0
Minority Interest	4.57M	3.33M	0

Cash Flow

	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-14.8M	-21.93M	-1.4M
Operating CF Margin %	-	-	-
Operating CF Growth %	-	-0.48%	0.94%
Net Income	-25.54M	-8.54M	7.9M
Depreciation & Amortization	671K	718K	0
Stock-Based Compensation	3.23M	1.37M	0
Deferred Taxes	0	0	0
Other Non-Cash Items	1.35M	-15.89M	-11.97M
Working Capital Changes	5.49M	411K	2.67M
Change in Receivables	0	0	0
Change in Inventory	0	0	0
Change in Payables	320K	-2M	0
Cash from Investing+	-15.15M	-5.96M	246.92M
Capital Expenditures	-5.11M	-5.96M	0
CapEx % of Revenue	-	-	-
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	0	0	0
Cash from Financing+	22.26M	14.11M	-245.79M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	22.26M	-13.11M	-75K
Net Change in Cash	-	-	-
Free Cash Flow+	-19.91M	-27.88M	-1.4M
FCF Margin %	-	-	-
FCF Growth %	-	-0.4%	0.95%
FCF per Share	-	-	-
FCF Conversion (FCF/Net Income)	0.62x	2.96x	-0.18x
Interest Paid	0	0	0
Taxes Paid	0	0	0

Key Ratios

Metric	2022	2023	2024
Return on Equity (ROE)	-	-	32.81%
Return on Invested Capital (ROIC)	-	-	-16.42%
Debt / Equity	-	-	0.05x
FCF Conversion	0.62x	2.96x	-0.18x

Frequently Asked Questions

Growth & Financials

USA Rare Earth Inc (USARW) grew revenue by 0.0% over the past year. Growth has been modest.

USA Rare Earth Inc (USARW) reported a net loss of $230.5M for fiscal year 2024.

Dividend & Returns

USA Rare Earth Inc (USARW) has a return on equity (ROE) of 32.8%. This is excellent, indicating efficient use of shareholder capital.

USA Rare Earth Inc (USARW) had negative free cash flow of $23.9M in fiscal year 2024, likely due to heavy capital investments.

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