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MP Materials Corp. logo

MP Materials Corp.

MP

NYSEBasic MaterialsIndustrial Materials

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Previous close

$60.05

+$5.01 · +9.10%

Aug 21, 4:00 PM ET

MP company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

7

Overpriced

Momentum

24

Weakening

Sentiment

57

Mixed

Risk resilience

30

High Risk

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

MP Materials Corp. manages and operates facilities dedicated to the extraction and refinement of rare earth elements. The company's primary asset is the Mountain Pass Rare Earth mine, a key operation situated within the Western Hemisphere. MP Materials holds comprehensive mineral rights for this significant deposit and its surrounding areas, alongside proprietary intellectual property essential for the ongoing processing and technological development of rare earth minerals. Its product offerings include critical elements such as cerium, lanthanum, neodymium, praseodymium, and samarium. Established in 2017, the company is headquartered in Las Vegas, Nevada.

Industry
Industrial Materials
Sector
Basic Materials
Headquarters
US
CEO
James Henry Litinsky
Listed since
Jun 22, 2020
Employees
998

Market position

Day range

Current $60.05

52-week range

Current $60.05

Open
$56.17
Previous close
$55.04
Volume
8.38M
1.33× average
Average volume
6.28M
Average daily volume
Market cap
10.69B USD
Beta
1.92
Market reference 1
50-day average
$51.7708
+15.99% above average
200-day average
$57.7294
+4.02% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
8.47B USD
EV / EBITDA
2,848.65×
Earnings yield
-1.00%
Free cash flow yield
-3.82%

Profitability & efficiency

Return on equity
-3.59%
Return on assets
-2.14%
Return on invested capital
-2.79%

Financial health

Current ratio
7.24×
Altman Z-score
4.24
Piotroski F-score
2 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends95%30%-34%-99%Gross margin, FY2021: 69.68%Gross margin, FY2022: 79.04%Gross margin, FY2023: 41.44%Gross margin, FY2024: -32.76%Gross margin, FY2025: -25.67%Operating margin, FY2021: 49.81%Operating margin, FY2022: 62.07%Operating margin, FY2023: -6.99%Operating margin, FY2024: -83.11%Operating margin, FY2025: -64.64%Net margin, FY2021: 40.68%Net margin, FY2022: 54.79%Net margin, FY2023: 9.59%Net margin, FY2024: -32.09%Net margin, FY2025: -38.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 69.68%. Gross margin FY2022 79.04%. Gross margin FY2023 41.44%. Gross margin FY2024 -32.76%. Gross margin FY2025 -25.67%. Operating margin FY2021 49.81%. Operating margin FY2022 62.07%. Operating margin FY2023 -6.99%. Operating margin FY2024 -83.11%. Operating margin FY2025 -64.64%. Net margin FY2021 40.68%. Net margin FY2022 54.79%. Net margin FY2023 9.59%. Net margin FY2024 -32.09%. Net margin FY2025 -38.26%.

Income trends

Revenue

224.44M USD+10.10%

Operating income

−145.09M USD+14.36%

Net income

−85.87M USD-31.26%
Income trends across reported periods597.2M USD318.43M USD39.65M USD−239.12M USDRevenue, FY2021: 331.95M USDRevenue, FY2022: 527.51M USDRevenue, FY2023: 253.45M USDRevenue, FY2024: 203.86M USDRevenue, FY2025: 224.44M USDOperating income, FY2021: 165.35M USDOperating income, FY2022: 327.41M USDOperating income, FY2023: −17.72M USDOperating income, FY2024: −169.43M USDOperating income, FY2025: −145.09M USDNet income, FY2021: 135.04M USDNet income, FY2022: 289M USDNet income, FY2023: 24.31M USDNet income, FY2024: −65.42M USDNet income, FY2025: −85.87M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 331.95M USD. Revenue FY2022 527.51M USD. Revenue FY2023 253.45M USD. Revenue FY2024 203.86M USD. Revenue FY2025 224.44M USD. Operating income FY2021 165.35M USD. Operating income FY2022 327.41M USD. Operating income FY2023 −17.72M USD. Operating income FY2024 −169.43M USD. Operating income FY2025 −145.09M USD. Net income FY2021 135.04M USD. Net income FY2022 289M USD. Net income FY2023 24.31M USD. Net income FY2024 −65.42M USD. Net income FY2025 −85.87M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue224.44M USD203.86M USD253.45M USD527.51M USD331.95M USD
Cost of goods sold282.06M USD270.64M USD148.42M USD110.57M USD100.64M USD
Gross profit−57.62M USD−66.79M USD105.02M USD416.94M USD231.32M USD
Research and development24.21M USD9.31M USD14.93M USD4.25M USD4.2M USD
Selling, general, and administrative112.07M USD83.3M USD79.25M USD75.86M USD56.65M USD
Operating expenses87.47M USD102.64M USD122.74M USD89.53M USD65.97M USD
Interest income52.02M USD47.11M USD55.64M USD19.83M USD353K USD
Interest expense31.48M USD23.01M USD5.25M USD5.79M USD8.9M USD
Depreciation and amortization89.27M USD78.06M USD55.71M USD18.36M USD24.38M USD
Operating income−145.09M USD−169.43M USD−17.72M USD327.41M USD165.35M USD
Net income−85.87M USD−65.42M USD24.31M USD289M USD135.04M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+5.86%
11 comparable reports
Latest EPS result
-0.01
Estimate -0.01 · Beat by 0.60%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.130.01-0.11-0.24Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual -0.12, estimate -0.09, surprise -33.33%, Miss. Q2 2025, reported May 8, 2025: actual -0.12, estimate -0.1, surprise -20.00%, Miss. Q3 2025, reported Aug 7, 2025: actual -0.13, estimate -0.197, surprise +34.02%, Beat. Q4 2025, reported Nov 6, 2025: actual -0.1, estimate -0.173, surprise +42.16%, Beat. Q1 2026, reported Feb 26, 2026: actual 0.09, estimate 0.058, surprise +53.87%, Beat. Q2 2026, reported May 7, 2026: actual 0.03, estimate -0.028, surprise +206.46%, Beat. Q3 2026, reported Aug 6, 2026: actual -0.01, estimate -0.01, surprise +0.60%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate -0.01, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates121.65M94.62M67.58M40.54MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 60.99M USD, estimate 50.71M USD, surprise +20.26%, Beat. Q2 2025, reported May 8, 2025: actual 60.81M USD, estimate 61.8M USD, surprise -1.60%, Miss. Q3 2025, reported Aug 7, 2025: actual 57.39M USD, estimate 46.14M USD, surprise +24.39%, Beat. Q4 2025, reported Nov 6, 2025: actual 53.55M USD, estimate 53.24M USD, surprise +0.59%, Beat. Q1 2026, reported Feb 26, 2026: actual 52.69M USD, estimate 76.06M USD, surprise -30.74%, Miss. Q2 2026, reported May 7, 2026: actual 90.65M USD, estimate 74.82M USD, surprise +21.16%, Beat. Q3 2026, reported Aug 6, 2026: actual 108.49M USD, estimate 96.89M USD, surprise +11.98%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 116.06M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

12 institutions
NeedhammaintainBuy
BarclaysmaintainOverweight
WedbushmaintainOutperform

MP news

fool.com

MP Materials vs. The Metals Company: Which Rare-Earth Bet Actually Pays Off First?

China controls about 70% of rare-earth extraction and 90% of rare-earth processing. U.S. policymakers are taking steps to push to boost domestic capabilities.

Read source
247wallst.com

USA Rare Earth Rises 8%, Critical Metals Jumps 10%, MP Materials Climbs 5% as the Resource Sector Catches a Bid

A broad bid is running through the critical-resources complex Friday morning while the S&P 500 barely moves.

Read source
zacks.com

MP's Materials Segment 1H26 Revenues Jump 80%: Can This Momentum Last?

MP Materials is gaining momentum as surging NdPr production and sales drive stronger Materials segment revenues and profitability in 1H26.

Read source
benzinga.com

Trump's $500 Million Critical Minerals Push: 5 Battery Stocks That Could Benefit

The U.S. government's latest $500 million investment in critical minerals wasn't directed at publicly traded companies — but public market investors shouldn't ignore it. By backing lithium processing, cobalt refining and…

Read source
247wallst.com

United States Antimony Jumps 8% on $100M Buyback, USA Rare Earth Slips, MP Materials Holds Flat

United States Antimony (NYSE:UAMY) stock is up 8% midday Wednesday to $5.63 after the board authorized a share repurchase program of up to $100 million.

Read source
247wallst.com

Rare Earth Stocks Drop Tuesday as AI Fears Grow: USA Rare Earth and MP Materials Slide

Rare earth miners slid into Tuesday's close as investors dump AI-adjacent trades.

Read source

MP peers

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$216

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Rio Tinto Group logo

RIO

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$105.3

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Newmont Corporation logo

NEM

Newmont Corporation

$131.58

+3.09%

Freeport-McMoRan Inc. logo

FCX

Freeport-McMoRan Inc.

$76.67

+7.65%

Agnico Eagle Mines Limited logo

AEM

Agnico Eagle Mines Limited

$216.06

+1.90%

ETFs holding MP

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
273.83M
Weight
0.21%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
211.07M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
State Street SPDR S&P Metals & Mining ETF logoState Street SPDR S&P Metals & Mining ETFXME
Market value
185.07M
Weight
4.04%
AUM
4.58B USD
Expense ratio
0.35%
Price / 1D
$119.34+4.05%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
152.4M
Weight
0.08%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
VanEck Rare Earth and Strategic Metals ETF logoVanEck Rare Earth and Strategic Metals ETFREMX
Market value
151.97M
Weight
6.88%
AUM
2.33B USD
Expense ratio
0.53%
Price / 1D
$80.75+6.69%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
88.2M
Weight
0.20%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
64.48M
Weight
0.07%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Invesco S&P MidCap Momentum ETF logoInvesco S&P MidCap Momentum ETFXMMO
Market value
58.85M
Weight
0.79%
AUM
7.45B USD
Expense ratio
0.35%
Price / 1D
$157.09+0.08%

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