MP Materials Corp. (MP) Financial Ratios
8 years of historical data (2018–2025) · Basic Materials · Industrial Materials
EV/EBITDA
↑
N/A
—
5yr avg: 54.10
30Y Low15.2·High42.9
P/FCF
N/A
—
5yr avg: 277.62
P/B Ratio
↓
5.17
↑+24% vs avg
5yr avg: 4.16
30Y Low2.5·High8.5
ROE
↓
-5.0%
↑-181% vs avg
5yr avg: 6.2%
30Y Low-5%·High25%
Debt/EBITDA
↑
N/A
—
5yr avg: 7.91
30Y Low2.0·High18.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
MP Materials Corp. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.9B | $8.6B | $2.7B | $3.5B | $4.7B | $8.6B | $2.6B | — | — |
| Enterprise Value | $12.8B | $8.5B | $3.3B | $4.0B | $5.2B | $8.1B | $2.1B | — | — |
| P/E Ratio → | -145.30 | — | — | 141.79 | 15.97 | 62.22 | — | — | — |
| P/S Ratio | 46.86 | 31.20 | 13.00 | 13.95 | 8.90 | 25.98 | 19.09 | — | — |
| P/B Ratio | 5.17 | 3.59 | 2.51 | 2.59 | 3.58 | 8.55 | 3.00 | — | — |
| P/FCF | — | — | — | — | 277.62 | — | — | — | — |
| P/OCF | — | — | 198.53 | 56.40 | 13.67 | 84.56 | 782.32 | — | — |
P/E links to full P/E history page with 30-year chart
MP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 30.76 | 16.10 | 15.63 | 9.93 | 24.51 | 15.75 | — | — |
| EV / EBITDA | — | — | — | 104.28 | 15.15 | 42.88 | — | — | — |
| EV / EBIT | — | — | — | 103.36 | 15.10 | 48.11 | — | — | — |
| EV / FCF | — | — | — | — | 309.64 | — | — | — | — |
MP Profitability
Margins and return-on-capital ratios measuring operating efficiency
MP Materials Corp. earns an operating margin of -44.6%, below the Basic Materials sector average of 9.8%. Operating margins have compressed from -7.0% to -44.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.0% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -2.4% | -2.4% | -32.8% | 41.4% | 79.0% | 69.7% | 47.3% | 7.6% | 15.0% |
| Operating Margin | -44.6% | -44.6% | -83.1% | -7.0% | 62.1% | 49.8% | -25.8% | -10.4% | -13.2% |
| Net Profit Margin | -31.2% | -31.2% | -32.1% | 9.6% | 54.8% | 40.7% | -16.2% | -9.2% | -20.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.0% | -5.0% | -5.4% | 1.8% | 24.9% | 14.5% | -5.2% | — | — |
| ROA | -2.7% | -2.7% | -2.8% | 1.1% | 14.0% | 9.1% | -3.7% | -6.8% | -14.0% |
| ROIC | -4.7% | -4.7% | -7.3% | -0.7% | 20.7% | 26.8% | -12.9% | -242.2% | -97.6% |
| ROCE | -4.2% | -4.2% | -7.7% | -0.8% | 16.5% | 11.6% | -6.3% | -10.6% | -12.1% |
MP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $1.2B exceeds total debt of $1.0B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.87 | 0.50 | 0.52 | 0.69 | 0.08 | — | — |
| Debt / EBITDA | — | — | — | 18.13 | 1.96 | 3.65 | — | — | — |
| Net Debt / Equity | — | -0.05 | 0.60 | 0.31 | 0.41 | -0.48 | -0.53 | — | — |
| Net Debt / EBITDA | — | — | — | 11.20 | 1.57 | -2.57 | — | — | — |
| Debt / FCF | — | — | — | — | 32.03 | — | — | — | 1.46 |
| Interest Coverage | -2.74 | -2.74 | -3.06 | 7.30 | 59.96 | 18.99 | -6.88 | -0.98 | -1.77 |
Net cash position: cash ($1.2B) exceeds total debt ($1.0B)
MP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
MP Materials Corp.'s current ratio of 7.24x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 6.67x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 10.42x to 7.24x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.24 | 7.24 | 6.29 | 10.42 | 13.27 | 21.44 | 13.03 | 0.88 | 0.76 |
| Quick Ratio | 6.67 | 6.67 | 5.63 | 9.54 | 12.68 | 20.79 | 12.28 | 0.14 | 0.17 |
| Cash Ratio | 6.12 | 6.12 | 5.19 | 9.19 | 12.13 | 19.81 | 12.07 | 0.09 | 0.12 |
| Asset Turnover | — | 0.07 | 0.09 | 0.11 | 0.24 | 0.18 | 0.13 | 0.72 | 0.70 |
| Inventory Turnover | 1.64 | 1.64 | 2.51 | 1.56 | 1.92 | 2.60 | 2.19 | 2.94 | 4.25 |
| Days Sales Outstanding | — | 194.37 | 111.63 | 43.44 | 22.73 | 56.09 | 9.75 | 1.84 | 1.22 |
MP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
MP Materials Corp. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 0.7% | 6.3% | 1.6% | — | — | — |
| FCF Yield | — | — | — | — | 0.4% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 8.5% | 0.2% | 0.4% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 8.5% | 0.2% | 0.4% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $170M | $170M | $178M | $193M | $190M | $80M | $69M | $69M |
Peer Comparison
Compare MP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MPYou | $13B | -145.3 | — | — | -2.4% | -44.6% | -5.0% | -4.7% | — |
 UUUU | $6B | -63.5 | — | — | 20.9% | -153.4% | -14.1% | -8.5% | — |
 LAC | $1B | -28.5 | — | — | — | — | -6.1% | -7.1% | — |
 NXE | $8B | -33.7 | — | — | — | — | -20.6% | -4.9% | — |
 URG | $696M | -9.3 | — | — | -222.4% | -255.0% | -71.2% | -130.4% | — |
 ALB | $23B | -33.5 | 32.3 | 32.8 | 13.1% | 1.8% | -5.1% | 0.6% | 4.4 |
 SQM | $13B | -65.8 | 15.7 | 44.1 | 29.3% | 23.5% | -7.5% | 9.0% | 4.5 |
 CENX | $6B | 19.0 | 31.2 | — | 8.3% | 5.5% | 66.9% | 9.7% | 2.6 |
 AA | $16B | 14.2 | 9.3 | 28.9 | 13.6% | 7.6% | 20.2% | 12.7% | 0.0 |
 FCX | $88B | 40.1 | 11.2 | 78.4 | 27.0% | 24.4% | 7.4% | 12.8% | 1.3 |
 TSLA | $1.5T | 369.0 | 141.6 | 240.4 | 18.0% | 4.6% | 4.8% | 4.5% | 0.8 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonMP — Frequently Asked Questions
Quick answers to the most common questions about buying MP stock.
What is MP Materials Corp.'s P/E ratio?
MP Materials Corp.'s current P/E ratio is -145.3x. The historical average is 73.3x.
What is MP Materials Corp.'s ROE?
MP Materials Corp.'s return on equity (ROE) is -5.0%. The historical average is 4.3%.
Is MP stock overvalued?
Based on historical data, MP Materials Corp. is trading at a P/E of -145.3x. Compare with industry peers and growth rates for a complete picture.
What are MP Materials Corp.'s profit margins?
MP Materials Corp. has -2.4% gross margin and -44.6% operating margin.