Last 28 quarters of trend data · Basic Materials · Industrial Materials
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -93.94 | — | — | 267.02 | — | — | — | — | — | — | — | — | — | 136.84 | 37.09 | 17.34 | 20.68 | 21.11 | 32.58 | 43.67 | 35.03 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | +548.4% | +13.9% | -60.3% | -41.0% | -65.6% | -67.4% | +8.6% | +106.4% | |
| P/S Ratio | 30.36 | 23.00 | 26.52 | 47.76 | 54.80 | 23.74 | 16.43 | 10.45 | 11.51 | 16.83 | 13.72 | 21.39 | 16.11 | 15.89 | 14.26 | 12.60 | 10.61 | 10.80 | 16.68 | 22.16 | 15.61 |
| — | -3.1% | +61.3% | +357.1% | +376.1% | +41.0% | +19.8% | -51.2% | -28.6% | +5.9% | -3.8% | +69.8% | +51.9% | +47.1% | -14.5% | -43.2% | -32.0% | -55.6% | -37.9% | -5.5% | +162.1% | |
| P/B Ratio | 3.34 | 5.10 | 4.04 | 4.21 | 4.94 | 5.39 | 3.86 | 2.42 | 2.72 | 1.90 | 2.35 | 2.58 | 2.46 | 2.98 | 4.04 | 3.58 | 4.25 | 5.30 | 10.18 | 8.71 | 6.53 |
| — | -5.5% | +4.7% | +74.1% | +81.4% | +184.2% | +64.3% | -6.4% | +10.6% | -36.3% | -41.9% | -27.9% | -42.1% | -43.7% | -60.3% | -58.9% | -34.9% | -32.5% | +38.1% | +87.9% | — | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 469.93 | 49.66 | 42.00 | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -63.1% | — | — | — | |
| EV / EBITDA | — | 126.65 | 175.77 | 112.70 | — | — | — | — | — | — | — | — | — | 75.47 | 33.38 | 30.42 | 17.01 | 15.36 | 21.90 | 33.62 | 23.56 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | +391.2% | +52.4% | -9.5% | -27.8% | -63.8% | -59.3% | -62.3% | +65.6% | |
| EV / EBIT | — | — | — | 121.58 | — | — | — | — | — | — | 31.31 | — | — | 66.93 | 29.40 | 27.05 | 16.20 | 15.87 | 22.86 | 36.28 | 26.54 |
| — | — | — | — | — | — | — | — | — | — | +6.5% | — | — | +321.9% | +28.6% | -25.4% | -39.0% | -65.6% | -66.8% | -68.2% | +65.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -2.4% | 33.4% | -17.4% | -32.2% | 9.5% | -24.1% | -15.5% | -31.8% | -21.7% | -90.9% | -10.9% | -2.4% | 25.8% | 45.5% | 66.2% | 67.7% | 80.3% | 80.8% | 82.9% | 76.7% | 71.1% |
| — | +238.6% | -12.2% | -1.3% | +143.6% | +73.5% | -42.2% | -1203.9% | -184.3% | -299.9% | -116.4% | -103.6% | -67.9% | -43.7% | -20.1% | -11.8% | +13.0% | +21.9% | +38.5% | +56.0% | +30.4% | |
| Operating Margin | -44.6% | -13.5% | -20.1% | -4.8% | -125.2% | -76.5% | -57.2% | -72.1% | -62.8% | -171.1% | -55.4% | -81.6% | -33.4% | 0.8% | 34.4% | 40.2% | 63.6% | 66.7% | 69.2% | 57.6% | 54.2% |
| — | +82.3% | +64.8% | +93.3% | -99.2% | +55.3% | -3.2% | +11.7% | -88.2% | -22784.3% | -260.8% | -303.1% | -152.5% | -98.9% | -50.2% | -30.2% | +17.3% | +50.2% | +91.1% | +213.8% | +37.7% | |
| Net Margin | -31.2% | -18.7% | -8.8% | 17.9% | -78.0% | -53.8% | -37.2% | -36.6% | -40.5% | -108.9% | 33.9% | -39.5% | -8.1% | 11.6% | 39.1% | 71.9% | 50.8% | 51.0% | 51.5% | 49.4% | 42.9% |
| — | +65.2% | +76.4% | +148.8% | -92.4% | +50.6% | -210.0% | +7.2% | -398.0% | -1043.2% | -13.4% | -154.9% | -116.0% | -77.4% | -24.0% | +45.4% | +18.4% | +37.4% | +91.4% | -13.5% | +20.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.0% | -0.9% | -0.3% | 0.4% | -2.5% | -3.0% | -2.2% | -2.1% | -2.3% | -3.0% | 1.3% | -1.2% | -0.3% | 0.5% | 2.8% | 5.2% | 5.2% | 6.5% | 8.2% | 5.0% | 4.6% |
| — | +69.0% | +84.6% | +118.7% | -5.0% | +0.5% | -264.4% | -77.8% | -652.5% | -656.8% | -53.1% | -122.6% | -106.0% | -91.6% | -65.5% | +5.1% | +13.9% | +112.5% | +337.2% | -12.7% | — | |
| ROA | -2.7% | -0.5% | -0.2% | 0.2% | -1.4% | -1.3% | -1.0% | -1.0% | -1.1% | -1.4% | 0.7% | -0.7% | -0.2% | 0.3% | 1.7% | 3.0% | 2.9% | 3.6% | 4.4% | 2.6% | 2.3% |
| — | +59.1% | +78.9% | +125.0% | -24.5% | +9.1% | -238.7% | -39.8% | -490.1% | -546.1% | -58.1% | -122.8% | -106.3% | -91.0% | -62.4% | +15.5% | +26.3% | +137.5% | +291.1% | -33.1% | -75.7% | |
| ROIC | -4.7% | -0.4% | -0.6% | -0.1% | -2.6% | -1.9% | -1.5% | -1.9% | -1.7% | -2.3% | -1.1% | -1.5% | -1.0% | 0.0% | 1.5% | 1.7% | 4.4% | 8.4% | 16.4% | 8.5% | 8.9% |
| — | +77.1% | +62.5% | +95.6% | -50.0% | +15.1% | -34.0% | -27.0% | -71.6% | -7940.8% | -174.0% | -190.6% | -122.4% | -99.7% | -90.7% | -80.3% | -50.2% | +47.2% | +318.0% | +239.6% | -62.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.48 | 0.44 | 0.44 | 0.44 | 0.91 | 0.88 | 0.87 | 0.89 | 0.85 | 0.83 | 0.51 | 0.50 | 0.50 | 0.50 | 0.52 | 0.55 | 0.58 | 0.62 | 0.69 | 0.74 |
| — | -47.4% | -50.2% | -49.7% | -50.9% | +6.5% | +6.6% | +71.5% | +75.6% | +69.0% | +65.0% | -2.2% | -7.4% | -12.8% | -18.9% | -24.6% | -26.3% | -27.2% | -26.0% | +726.9% | — | |
| Debt / EBITDA | — | 45.14 | 75.37 | 47.30 | — | — | — | — | — | — | — | — | — | 54.20 | 16.54 | 15.76 | 8.34 | 6.69 | 5.62 | 11.21 | 11.56 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | +710.3% | +194.3% | +40.5% | -27.9% | -63.6% | -78.6% | +55.8% | +119.1% | |
| Current Ratio | 7.24 | 9.51 | 7.18 | 7.24 | 8.05 | 3.60 | 4.12 | 6.29 | 6.93 | 6.90 | 10.29 | 10.42 | 12.25 | 16.15 | 13.50 | 13.27 | 18.15 | 20.39 | 25.53 | 21.44 | 17.74 |
| — | +164.3% | +74.1% | +15.2% | +16.1% | -47.8% | -59.9% | -39.7% | -43.4% | -57.3% | -23.8% | -21.5% | -32.5% | -20.8% | -47.1% | -38.1% | +2.3% | +47.8% | +50.2% | +64.6% | +1485.5% | |
| Quick Ratio | 6.67 | 8.56 | 6.58 | 6.67 | 7.51 | 3.12 | 3.58 | 5.63 | 6.13 | 6.17 | 9.28 | 9.54 | 11.45 | 15.26 | 12.84 | 12.68 | 17.33 | 19.75 | 24.76 | 20.79 | 17.26 |
| — | +174.6% | +83.6% | +18.4% | +22.5% | -49.4% | -61.4% | -41.0% | -46.4% | -59.6% | -27.8% | -24.7% | -33.9% | -22.8% | -48.1% | -39.0% | +0.4% | +47.3% | +49.9% | +69.3% | +2565.5% | |
| Interest Coverage | -2.74 | -2.02 | -0.52 | 2.07 | -5.82 | -6.89 | -2.57 | -4.02 | -4.25 | -6.14 | 9.27 | -17.66 | -2.21 | 10.28 | 34.33 | 36.38 | 69.72 | 73.88 | 60.48 | 22.99 | 20.65 |
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Includes 30+ ratios · 28 years · Updated daily
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Quick answers to the most common questions about buying MP stock.
MP Materials Corp.'s current P/E is -93.9x. The average P/E over the last 1 quarters is 267.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
MP Materials Corp.'s current operating margin is -44.6%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking MP Materials Corp.'s business trajectory between earnings reports.