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MP Materials Corp. (MP)
NYSE: MP · Real-Time Price · USD
57.42
-2.63 (-4.38%)
At close: Aug 24, 2026, 4:00 PM EDT
57.74
+0.32 (0.56%)
Pre-market: Aug 25, 2026, 4:02 AM EDT

MP Materials Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
416.25275.46203.86253.45527.51331.95
Revenue Growth
71.92%35.12%-19.57%-51.95%58.91%147.15%
Gross Profit
176.1882.6711.27160.73435.29255.7
Operating Income
-73.95-125.47-162.714.71335.35166.29
Net Income
-60.62-85.87-65.4224.31289135.04
Earnings Per Share
-0.34-0.50-0.570.141.520.73
EPS Growth
----91.00%108.07%-

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
NdPr Oxide and Metal
231.34115.1357.760.7--
Rare Earth Concentrate
-41.99144.36252.47517.27328.56
Other Rare Earth
3.693.251.730.2810.243.39
Revenue (Total)
305.38224.44203.86253.45527.51331.95

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,4531,830850.87997.841,1821,179
Total Debt
981.621,035918.23695.09686.27700.67
Net Cash (Debt)
471.02795.63-67.36302.75496.07478.63
Net Cash Growth
----38.97%3.65%7.41%
Net Cash Per Share
2.664.68-0.401.702.562.52

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-83.96-155.7613.3562.7343.51101.97
Capital Expenditures
-420.61-172.38-186.42-261.9-326.6-123.87
Free Cash Flow
-504.58-328.13-173.07-199.216.92-21.9
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
42.33%30.01%5.53%63.42%82.52%77.03%
Operating Margin
-17.77%-45.55%-79.81%5.81%63.57%50.09%
Pretax Margin
-21.83%-42.76%-45.79%13.05%64.67%48.26%
Profit Margin
-14.56%-31.18%-32.09%9.59%54.79%40.68%
FCF Margin
-121.22%-119.12%-84.90%-78.60%3.21%-6.60%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
---145.2114.9259.83
Forward PE
135.0198.63293.9559.7025.1953.09
P/FCF Ratio
----254.79-
PS Ratio
24.5732.5112.4913.938.1724.34