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MP Materials Corp.(MP)Earnings, Financials & Key Ratios
MP•NYSE
Price updated Jun 19, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryBattery Materials (Lithium, Graphite, Rare Earths)
AboutMP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals. It offers cerium, lanthanum, neodymium, praseodymium, and samarium. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.Show more
- Revenue$275M+35.1%
- EBITDA-$32M+65.0%
- Net Income-$86M-31.3%
- EPS (Diluted)-0.50+12.3%
- Gross Margin-2.4%+92.7%
- EBITDA Margin-11.62%+74.1%
- Operating Margin-44.57%+46.4%
- Net Margin-31.18%+2.9%
- ROE-4.98%+7.8%
MP Key Insights
MP Materials Corp. (MP) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 15.4%
✗Weaknesses
- ✗Profits declining 31.5% over 5 years
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MP Price & Volume
MP Materials Corp. (MP) stock price & volume — 10-year historical chart
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MP Growth Metrics
MP Materials Corp. (MP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years15.45%
3 Years-19.47%
TTM60.93%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM31.91%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM34.97%
Return on Capital
10 Years-1.71%
5 Years3.07%
3 Years-4.23%
Last Year-4.18%
MP Recent Earnings
MP Materials Corp. (MP) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.03+206.5%
$0.03
Rev
$91M+21.2%
$75M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.09+53.9%
$0.06
Rev
$53M-30.7%
$76M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.10+42.2%
$0.17
Rev
$54M+0.6%
$53M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.13+34.0%
$0.20
Rev
$57M+24.4%
$46M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.03vs $0.03+206.5% | $91Mvs $75M+21.2% |
| Q1 2026 | Feb 26, 2026 | $0.09vs $0.06+53.9% | $53Mvs $76M-30.7% |
| Q4 2025 | Nov 6, 2025 | $0.10vs $0.17+42.2% | $54Mvs $53M+0.6% |
| Q3 2025 | Aug 7, 2025 | $0.13vs $0.20+34.0% | $57Mvs $46M+24.4% |
Based on last 12 quarters of dataView full earnings history →
MP Peer Comparison
MP Materials Corp. (MP) competitors in Battery Materials (Lithium, Graphite, Rare Earths) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 UUUU | 4.14B | 16.58 | -44.81 | -15.61% | -82.7% | -10.16% | 0.99 | |
 LAC | 975.73M | 4.37 | -8.57 | -8.28% | 0.10 | |||
 NXE | 7.04B | 10.65 | -28.89 | -30.32% | 0.32 | |||
 URG | 596M | 1.50 | -7.50 | -19.28% | -297.95% | -105.1% | 0.88 | |
 ALB | 18.91B | 160.35 | -27.89 | -4.37% | -4.24% | -2.29% | 0.34 | |
 SQM | 22.76B | 79.69 | 38.68 | 0.89% | 15.38% | 12.01% | 0.60 | |
 CENX | 5.12B | 51.71 | 123.12 | 13.85% | 13.75% | 38.77% | 0.58 | |
 AA | 15.36B | 59.33 | 13.36 | 4.53% | 9.01% | 18.49% | 0.00 |
Compare MP vs Peers
MP Materials Corp. (MP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MP Income Statement
MP Materials Corp. (MP) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 67.42M | 73.41M | 134.31M | 331.95M | 527.51M | 253.44M | 203.85M | 275.46M | 347.57M |
Revenue Growth % | - | 8.89% | 82.96% | 147.15% | 58.91% | -51.95% | -19.57% | 35.12% | 60.93% |
Cost of Goods Sold | 57.28M | 67.83M | 70.73M | 100.64M | 110.57M | 148.42M | 270.64M | 282.06M | 263.59M |
COGS % of Revenue | 84.97% | 92.4% | 52.66% | 30.32% | 20.96% | 58.56% | 132.76% | 102.4% | - |
Gross Profit | 10.13M▲ 0% | 5.58M▼ 45.0% | 63.58M▲ 1039.9% | 231.32M▲ 263.8% | 416.94M▲ 80.2% | 105.02M▼ 74.8% | -66.79M▼ 163.6% | -6.6M▲ 90.1% | 83.98M▲ 0% |
Gross Margin % | 15.03% | 7.6% | 47.34% | 69.68% | 79.04% | 41.44% | -32.76% | -2.4% | 24.16% |
Gross Profit Growth % | - | -44.96% | 1039.85% | 263.81% | 80.24% | -74.81% | -163.59% | 90.12% | - |
Operating Expenses | 19.02M | 13.2M | 98.28M | 65.97M | 89.53M | 122.74M | 102.64M | 116.17M | 220.99M |
OpEx % of Revenue | 28.21% | 17.98% | 73.18% | 19.87% | 16.97% | 48.43% | 50.35% | 42.18% | - |
Selling, General & Admin | 14.56M | 11.1M | 26.77M | 56.65M | 75.86M | 79.25M | 83.3M | 112.07M | 121.54M |
SG&A % of Revenue | 21.6% | 15.13% | 19.93% | 17.06% | 14.38% | 31.27% | 40.86% | 40.68% | - |
Research & Development | 0 | 0 | 140K | 4.2M | 4.25M | 14.93M | 9.31M | 0 | 6.61M |
R&D % of Revenue | - | - | 0.1% | 1.26% | 0.81% | 5.89% | 4.57% | - | - |
Other Operating Expenses | 4.45M | 2.09M | 71.38M | 5.13M | 9.42M | 28.56M | 10.03M | 4.11M | 2.14M |
Operating Income | -8.88M▲ 0% | -7.62M▲ 14.2% | -34.7M▼ 355.4% | 165.34M▲ 576.5% | 327.41M▲ 98.0% | -17.72M▼ 105.4% | -169.43M▼ 856.2% | -122.77M▲ 27.5% | -137.01M▲ 0% |
Operating Margin % | -13.18% | -10.38% | -25.84% | 49.81% | 62.07% | -6.99% | -83.11% | -44.57% | -39.42% |
Operating Income Growth % | - | 14.23% | -355.42% | 576.46% | 98.02% | -105.41% | -856.18% | 27.54% | - |
EBITDA | -4.43M | -2.93M | -27.77M | 189.73M | 345.77M | 37.99M | -91.37M | -32.02M | -27.39M |
EBITDA Margin % | -6.57% | -4% | -20.68% | 57.16% | 65.55% | 14.99% | -44.82% | -11.62% | -7.88% |
EBITDA Growth % | - | 33.81% | -846.88% | 783.16% | 82.24% | -89.01% | -340.51% | 64.96% | 69.81% |
D&A (Non-Cash Add-back) | 4.45M | 4.69M | 6.93M | 24.38M | 18.36M | 55.71M | 78.06M | 90.76M | 109.62M |
EBIT | -8.88M | -3.34M | -34.45M | 169.1M | 346.94M | 38.33M | -70.34M | -86.29M | -90.86M |
Net Interest Income | -5.02M | -2.95M | -4.85M | -8.55M | 14.04M | 50.38M | 24.1M | 20.53M | 27.83M |
Interest Income | 0 | 461K | 163K | 353K | 19.83M | 55.64M | 47.11M | 52.02M | 59.05M |
Interest Expense | 5.02M | 3.41M | 5.01M | 8.9M | 5.79M | 5.25M | 23.01M | 31.48M | 31.22M |
Other Income/Expense | -4.58M | 866K | -4.76M | -5.15M | 13.74M | 50.79M | 76.08M | 5M | 32.77M |
Pretax Income | -13.46M▲ 0% | -6.75M▲ 49.8% | -39.46M▼ 484.3% | 160.19M▲ 506.0% | 341.15M▲ 113.0% | 33.08M▼ 90.3% | -93.35M▼ 382.2% | -117.77M▼ 26.2% | -104.24M▲ 0% |
Pretax Margin % | -19.97% | -9.2% | -29.38% | 48.26% | 64.67% | 13.05% | -45.79% | -42.76% | -29.99% |
Income Tax | 1K | 1K | -17.64M | 25.16M | 52.15M | 8.77M | -27.92M | -31.9M | -33.05M |
Effective Tax Rate % | -0.01% | -0.01% | 44.69% | 15.7% | 15.29% | 26.51% | 29.91% | 27.09% | 31.7% |
Net Income | -13.47M▲ 0% | -6.75M▲ 49.8% | -21.82M▼ 223.1% | 135.04M▲ 718.7% | 289M▲ 114.0% | 24.31M▼ 91.6% | -65.42M▼ 369.2% | -85.87M▼ 31.3% | -71.19M▲ 0% |
Net Margin % | -19.97% | -9.2% | -16.25% | 40.68% | 54.79% | 9.59% | -32.09% | -31.18% | -20.48% |
Net Income Growth % | - | 49.84% | -223.09% | 718.73% | 114.02% | -91.59% | -369.16% | -31.26% | 31.91% |
Net Income (Continuing) | -13.47M | -6.75M | -21.82M | 135.04M | 289M | 24.31M | -65.42M | -85.87M | -71.19M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.20▲ 0% | -0.10▲ 50.9% | -0.27▼ 175.2% | 0.73▲ 370.4% | 1.52▲ 108.2% | 0.14▼ 90.8% | -0.57▼ 507.1% | -0.50▲ 12.3% | -0.36▲ 0% |
EPS Growth % | - | 50.95% | -175.23% | 370.37% | 108.22% | -90.79% | -507.14% | 12.28% | 34.97% |
EPS (Basic) | -0.20 | -0.10 | -0.27 | 0.78 | 1.64 | 0.14 | -0.57 | -0.50 | - |
Diluted Shares Outstanding | 68.88M | 68.88M | 79.69M | 189.84M | 193.45M | 178.15M | 169.88M | 170.13M | 199.23M |
Basic Shares Outstanding | 66.56M | 66.56M | 79.69M | 173.47M | 176.52M | 177.18M | 166.84M | 170.13M | 177.67M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
MP Balance Sheet
MP Materials Corp. (MP) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 17.48M | 27.41M | 561.05M | 1.28B | 1.29B | 1.13B | 1.03B | 2.17B | 2.05B |
Cash & Short-Term Investments | 2.83M | 2.76M | 519.65M | 1.18B | 1.18B | 997.84M | 850.87M | 1.83B | 1.74B |
Cash Only | 2.83M | 2.76M | 519.65M | 1.18B | 136.63M | 263.35M | 282.44M | 1.17B | 887.09M |
Short-Term Investments | 0 | 0 | 0 | 0 | 1.05B | 734.49M | 568.43M | 664.27M | 852.06M |
Accounts Receivable | 225K | 370K | 3.59M | 51.01M | 32.86M | 30.16M | 62.34M | 146.68M | 119.27M |
Days Sales Outstanding | 1.22 | 1.84 | 9.75 | 56.09 | 22.73 | 43.44 | 111.63 | 194.37 | 90.75 |
Inventory | 13.47M | 23.05M | 32.27M | 38.69M | 57.55M | 95.18M | 107.91M | 171.56M | 169.19M |
Days Inventory Outstanding | 85.85 | 124.02 | 166.54 | 140.33 | 189.98 | 234.07 | 145.53 | 222.01 | 212.27 |
Other Current Assets | 947K | 0 | 0 | 0 | 21.07M | 7.99M | 10.2M | 18.27M | 19.29M |
Total Non-Current Assets | 78.79M | 74.39M | 513.24M | 612.86M | 943.96M | 1.21B | 1.3B | 1.84B | 1.79B |
Property, Plant & Equipment | 52.93M | 46.97M | 503M | 610.61M | 935.84M | 1.17B | 1.26B | 1.38B | 1.45B |
Fixed Asset Turnover | 1.27x | 1.56x | 0.27x | 0.54x | 0.56x | 0.22x | 0.16x | 0.20x | 0.26x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 89K | 8.88M | 7.37M | 6.17M | 0 |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 9.67M | 0 | 538K | 538K |
Other Non-Current Assets | 25.86M | 27.41M | 10.24M | 2.25M | 8.03M | 18.6M | 34.69M | 308.62M | 340.52M |
Total Assets | 96.27M▲ 0% | 101.79M▲ 5.7% | 1.07B▲ 955.4% | 1.89B▲ 75.9% | 2.24B▲ 18.4% | 2.34B▲ 4.4% | 2.33B▼ 0.1% | 4.01B▲ 71.8% | 3.84B▲ 0% |
Asset Turnover | 0.70x | 0.72x | 0.13x | 0.18x | 0.24x | 0.11x | 0.09x | 0.07x | 0.10x |
Asset Growth % | - | 5.74% | 955.35% | 75.9% | 18.42% | 4.41% | -0.12% | 71.84% | 197.93% |
Total Current Liabilities | 23.05M | 31.32M | 43.06M | 59.54M | 97.48M | 108.55M | 164.02M | 299.05M | 285.25M |
Accounts Payable | 7.79M | 0 | 16.16M | 35.73M | 15.33M | 28M | 23.56M | 36.66M | 32.99M |
Days Payables Outstanding | 49.64 | - | 83.39 | 129.61 | 50.59 | 68.84 | 31.78 | 47.43 | 40.42 |
Short-Term Debt | 5.4M | 4.48M | 24.47M | 16.08M | 0 | 0 | 0 | 74.53M | 76.21M |
Deferred Revenue (Current) | 0 | 6.61M | 0 | 0 | 0 | 0 | 56.88M | 74.3M | 216.26M |
Other Current Liabilities | 9.86M | 20.03M | 2.16M | 4.01M | 4.05M | 6.62M | 18.85M | 89.56M | 97.18M |
Current Ratio | 0.76x | 0.88x | 13.03x | 21.44x | 13.27x | 10.42x | 6.29x | 7.24x | 7.18x |
Quick Ratio | 0.17x | 0.14x | 12.28x | 20.79x | 12.68x | 9.54x | 5.63x | 6.67x | 6.58x |
Cash Conversion Cycle | 37.44 | - | 92.91 | 66.82 | 162.13 | 208.66 | 225.38 | 368.94 | 262.6 |
Total Non-Current Liabilities | 84.49M | 88.5M | 177.35M | 821.39M | 827.67M | 862.12M | 1.11B | 1.32B | 1.17B |
Long-Term Debt | 15.53M | 13.59M | 45.34M | 674.93M | 678.44M | 681.98M | 908.73M | 960.13M | 958.22M |
Capital Lease Obligations | 0 | 399K | 736K | 554K | 15K | 6.83M | 5.8M | 8.43M | 37.21M |
Deferred Tax Liabilities | 0 | 0 | 87.47M | 104.5M | 122.35M | 130.79M | 110.81M | 197.3M | 326.27M |
Other Non-Current Liabilities | 68.96M | 45.57M | 43.8M | 41.41M | 26.86M | 25.09M | 26.11M | 46.64M | 64.85M |
Total Liabilities | 107.54M | 119.82M | 220.41M | 880.93M | 925.15M | 970.67M | 1.28B | 1.62B | 1.46B |
Total Debt | 20.93M | 18.67M | 70.82M | 691.82M | 678.46M | 688.81M | 914.53M | 1.04B | 1.05B |
Net Debt | 18.09M | 15.91M | -448.84M | -487.48M | 541.83M | 425.46M | 632.09M | -122.93M | 160.86M |
Debt / Equity | - | - | 0.08x | 0.69x | 0.52x | 0.50x | 0.87x | 0.44x | 0.44x |
Debt / EBITDA | - | - | - | 3.65x | 1.96x | 18.13x | - | - | -38.26x |
Net Debt / EBITDA | - | - | - | -2.57x | 1.57x | 11.20x | - | - | -5.87x |
Interest Coverage | -1.77x | -0.98x | -6.88x | 18.99x | 59.96x | 7.30x | -3.06x | -2.74x | -2.91x |
Total Equity | -11.27M▲ 0% | -18.02M▼ 60.0% | 853.88M▲ 4838.0% | 1.01B▲ 18.1% | 1.31B▲ 30.1% | 1.37B▲ 4.0% | 1.05B▼ 22.8% | 2.39B▲ 126.8% | 2.38B▲ 0% |
Equity Growth % | - | -59.95% | 4837.97% | 18.14% | 30.13% | 4.05% | -22.76% | 126.79% | 371.11% |
Book Value per Share | -0.16 | -0.26 | 10.71 | 5.31 | 6.79 | 7.67 | 6.21 | 14.06 | 11.95 |
Total Shareholders' Equity | -11.27M | -18.02M | 853.88M | 1.01B | 1.31B | 1.37B | 1.05B | 2.39B | 2.38B |
Common Stock | 20.5M | 7K | 17K | 18K | 18K | 17K | 18K | 19K | 19K |
Retained Earnings | -34.04M | -40.8M | -62.62M | 72.42M | 361.42M | 385.73M | 320.3M | 234.43M | 226.46M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -227.05M | -227.05M | -227.05M |
Accumulated OCI | 0 | 0 | 0 | 0 | 189K | 145K | 173K | 387K | -42K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MP Cash Flow Statement
MP Materials Corp. (MP) cash flow — operating, investing & free cash flow history
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 20.2M | -437K | 3.28M | 101.97M | 343.51M | 62.7M | 13.35M | -155.75M | -94.47M |
Operating CF Margin % | 29.96% | -0.6% | 2.44% | 30.72% | 65.12% | 24.74% | 6.55% | -56.54% | - |
Operating CF Growth % | - | -102.16% | 849.89% | 3011.72% | 236.87% | -81.75% | -78.71% | -1266.79% | -782.98% |
Net Income | -13.47M | -6.75M | -21.82M | 135.04M | 289M | 24.31M | -65.42M | -85.87M | -71.19M |
Depreciation & Amortization | 4.45M | 4.69M | 6.93M | 24.38M | 18.36M | 56.62M | 78.06M | 89.27M | 109.62M |
Stock-Based Compensation | 0 | 0 | 5.01M | 22.93M | 31.78M | 25.24M | 23.18M | 30.16M | 15.12M |
Deferred Taxes | 0 | 1K | -17.79M | 17.43M | 17.79M | 8.46M | -27.77M | -30.39M | -31.01M |
Other Non-Cash Items | 18.02M | -281K | 68.6M | -63.52M | -17.62M | -19.69M | -52.9M | -22.72M | -10.01M |
Working Capital Changes | 11.19M | 1.91M | -37.65M | -34.29M | 4.21M | -32.23M | 58.21M | -136.2M | -107M |
Change in Receivables | 4.67M | -145K | -3.22M | -47.42M | 15.95M | 3.52M | -9.34M | -106.44M | -33.86M |
Change in Inventory | 4.33M | -9.57M | -9.22M | -8.23M | -24.31M | 2.29M | -41.54M | -115.02M | -92.77M |
Change in Payables | 0 | 6.25M | -3.85M | 5.53M | 1.96M | 11.3M | 1.33M | 9.39M | 8.35M |
Cash from Investing | -5.88M | 5.62M | -22.37M | -119.36M | -1.36B | 68.7M | 10.06M | -206.05M | -450.16M |
Capital Expenditures | -7.79M | -2.27M | -22.37M | -123.87M | -326.6M | -261.9M | -186.42M | -172.38M | -219.28M |
CapEx % of Revenue | 11.55% | 3.1% | 16.66% | 37.32% | 61.91% | 103.33% | 91.45% | 62.58% | 63.09% |
Acquisitions | 0 | 7.9M | 0 | 125K | 0 | -9.67M | 0 | 0 | 1.67M |
Investments | - | - | - | - | - | - | - | - | - |
Other Investing | 1.91M | 0 | 0 | 4.38M | 5.13M | 12.49M | 96K | 37.94M | 34.6M |
Cash from Financing | -30.74M | -4.1M | 521.96M | 666.11M | -24.19M | -9.92M | -4.79M | 1.25B | 1.23B |
Debt Issued (Net) | 0 | -4.1M | 18.63M | 687.57M | -5.83M | -2.73M | 316.37M | 51.62M | -6.46M |
Equity Issued (Net) | 0 | 0 | -996K | -3.33M | -18.36M | -7.18M | -225.07M | 1.2B | -1.88M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | -996K | -3.33M | -18.36M | -7.18M | -225.07M | 0 | -1.88M |
Other Financing | -30.74M | 0 | 504.32M | -18.13M | 0 | 0 | -96.09M | -10.92M | 1.24B |
Net Change in Cash | -16.42M▲ 0% | 1.09M▲ 106.6% | 502.87M▲ 45992.4% | 648.72M▲ 29.0% | -1.04B▼ 260.0% | 121.48M▲ 111.7% | 18.61M▼ 84.7% | 883.76M▲ 4647.5% | 687.12M▲ 0% |
Free Cash Flow | 12.41M▲ 0% | -2.71M▼ 121.9% | -19.09M▼ 604.3% | -21.9M▼ 14.7% | 16.92M▲ 177.3% | -199.2M▼ 1277.4% | -173.07M▲ 13.1% | -328.13M▼ 89.6% | -313.75M▲ 0% |
FCF Margin % | 18.4% | -3.69% | -14.22% | -6.6% | 3.21% | -78.6% | -84.9% | -119.12% | -90.27% |
FCF Growth % | - | -121.85% | -604.28% | -14.7% | 177.26% | -1277.36% | 13.12% | -89.59% | -80.55% |
FCF per Share | 0.18 | -0.04 | -0.24 | -0.12 | 0.09 | -1.12 | -1.02 | -1.93 | -1.57 |
FCF Conversion (FCF/Net Income) | -1.50x | 0.06x | -0.15x | 0.76x | 1.19x | 2.58x | -0.20x | 1.81x | 4.41x |
Interest Paid | 0 | 0 | 0 | 1.2M | 2.1M | 2.06M | 12.13M | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 4.17M | 18.86M | 22.17M | 870K | 0 | 0 |
MP Key Ratios
MP Materials Corp. (MP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | -5.22% | 14.5% | 24.9% | 1.81% | -5.41% | -4.98% | -3.49% |
Return on Invested Capital (ROIC) | -242.16% | -12.92% | 26.78% | 20.67% | -0.73% | -7.31% | -4.65% | -4.7% |
Gross Margin | 7.6% | 47.34% | 69.68% | 79.04% | 41.44% | -32.76% | -2.4% | 24.16% |
Net Margin | -9.2% | -16.25% | 40.68% | 54.79% | 9.59% | -32.09% | -31.18% | -20.48% |
Debt / Equity | - | 0.08x | 0.69x | 0.52x | 0.50x | 0.87x | 0.44x | 0.44x |
Interest Coverage | -0.98x | -6.88x | 18.99x | 59.96x | 7.30x | -3.06x | -2.74x | -2.91x |
FCF Conversion | 0.06x | -0.15x | 0.76x | 1.19x | 2.58x | -0.20x | 1.81x | 4.41x |
Revenue Growth | 8.89% | 82.96% | 147.15% | 58.91% | -51.95% | -19.57% | 35.12% | 60.93% |
Related:MP Dividend History·MP Revenue History·MP Price History·MP P/E History·MP Financial Ratios·MP Institutional Holders
MP SEC Filings & Documents
MP Materials Corp. (MP) SEC filings — annual & quarterly reports (10-K, 10-Q)
MP Frequently Asked Questions
MP Materials Corp. (MP) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MP Materials Corp. (MP) reported $347.6M in revenue for fiscal year 2025. This represents a 416% increase from $67.4M in 2018.
MP Materials Corp. (MP) grew revenue by 35.1% over the past year. This is strong growth.
MP Materials Corp. (MP) reported a net loss of $71.2M for fiscal year 2025.
Dividend & Returns
MP Materials Corp. (MP) has a return on equity (ROE) of -5.0%. Negative ROE indicates the company is unprofitable.
MP Materials Corp. (MP) had negative free cash flow of $313.8M in fiscal year 2025, likely due to heavy capital investments.