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MP Materials Corp. (MP)
NYSE: MP · Real-Time Price · USD
47.47
+3.63 (8.28%)
At close: Aug 4, 2026, 4:00 PM EDT
47.81
+0.34 (0.73%)
After-hours: Aug 4, 2026, 7:59 PM EDT

MP Materials Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
254.28224.44203.86253.45527.51331.95
Revenue Growth
17.73%10.10%-19.57%-51.95%58.91%147.15%
Gross Profit
36.0831.6511.27160.73435.29255.7
Operating Income
-232.01-200.39-169.43-17.72327.41165.35
Net Income
-71.19-85.87-65.4224.31289135.04
Earnings Per Share
-0.42-0.50-0.570.141.520.73
EPS Growth
----90.79%108.22%-

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Rare Earth Concentrate
-41.99144.36252.47517.27328.56
NdPr Oxide and Metal
161.95115.1357.760.7--
Other Rare Earth
3.13.251.730.2810.243.39
Revenue (Total)
254.28224.44203.86253.45527.51331.95

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,7381,830850.87997.841,1821,179
Total Debt
1,000998.74908.73688.81678.46691.01
Net Cash (Debt)
737.89831.55-57.86309.04503.89488.29
Net Cash Growth
----38.67%3.19%8.79%
Net Cash Per Share
4.124.89-0.341.732.602.57

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-94.47-155.7613.3562.7343.51101.97
Capital Expenditures
-219.28-172.38-186.42-261.9-326.6-123.87
Free Cash Flow
-313.75-328.13-173.07-199.216.92-21.9
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
14.19%14.10%5.53%63.42%82.52%77.03%
Operating Margin
-91.24%-89.28%-83.11%-6.99%62.07%49.81%
Pretax Margin
-40.99%-52.47%-45.79%13.05%64.67%48.26%
Profit Margin
-28.00%-38.26%-32.09%9.59%54.79%40.68%
FCF Margin
-123.39%-146.20%-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
---141.7915.9762.22
Forward PE
180.9198.63293.9559.7025.1953.09
P/FCF Ratio
----255.02-
PS Ratio
24.3139.9212.4913.958.1824.33