MP Materials is executing a high-stakes vertical integration strategy, with 2026Q2 revenue up 89% year-over-year to $108.5M, yet the company remains unprofitable at the operating line (-$13.5% margin) and has posted negative operating income in nine of the las...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 89% year-over-year in 2026Q2, but gross margin swung to 33.4% from -32.2% in the prior quarter, while operating margin remained deeply negative at -13.5%, indicating that cost growth (COGS up to $72.3M) is still outpacing the benefits of scale.
MP Materials is transitioning from a mining operation to a vertically integrated producer, enhancing its market position and supply chain control.
The company is becoming a key supplier of rare earth materials, which are vital for national security and technology sectors.
Analysts project a bullish outlook for 2026, driven by MP Materials' strategic evolution and market opportunities.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 6, 2026 | -$0.01+0.6% vs -$0.01 | $108M+12.0% vs $97M |
Q2 2026 May 7, 2026 | $0.03+206.5% vs -$0.03 | $91M+21.2% vs $75M |
Q1 2026 Feb 26, 2026 | $0.09+53.9% vs $0.06 | $53M-30.7% vs $76M |
Q4 2025 Nov 6, 2025 | -$0.10+42.2% vs -$0.17 | $54M+0.6% vs $53M |
On September 21, 2026, MP Materials Corp (MP) shares rose by 5.8% to a current price of $50.00, fluctuating within a 52-week range of $37.81 to $100.25. This re
Energy Fuels and MP are expanding U.S. rare-earth supply chains, but differing strategies, costs and earnings trends shape the investment case.
Shares of Critical Metals (NASDAQ:CRML) are surging in early Monday trading after news of a U.S.-Greenland security pact put the company's Tanbreez rare earth exploitation permit back in front of investors. Critical Metals stock is at $8.
MP Materials Corp. (NYSE: MP - Get Free Report)'s share price dropped 4.1% during trading on Friday. The company traded as low as $47.26 and last traded at $47.3560. Approximately 9,683,381 shares changed hands during trading, an increase of 49% from the average session volume of 6,512,358 shares. The stock had previously closed at $49.38.
Benchmark MP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for MP Materials Corp. (MP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $51.04 | $9.09B | -102.08 | 35.12% | -31.18% | -4.98% | — | |
| $12.14 | $3.03B | -32.81 | -15.61% | -77.3% | -11.22% | — | |
| $3.00 | $669.84M | -5.88 | — | — | -6.16% | — | |
| $9.97 | $6.6B | -26.90 | — | — | -16.13% | — | |
| $1.21 | $480.77M | -6.05 | -19.28% | -252.34% | -110.66% | — | |
| $116.80 | $13.77B | -20.31 | -4.37% | 3.79% | 2.2% | — |
MP Materials Corp. (MP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
MP Materials Corp. (MP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jun 10, 2026·SEC
May 7, 2026·SEC
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MP Materials Corp. (MP) stock FAQ — growth, dividends, profitability & financials explained
MP Materials Corp. (MP) reported $305.4M in revenue for fiscal year 2025. This represents a 353% 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 $60.6M for fiscal year 2025.
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 $504.6M in fiscal year 2025, likely due to heavy capital investments.
