MP Materials Corp.

MP Basic Materials Other Industrial Metals & Mining

In the quarter to June 2026, revenue grew 119.7%, EPS grew 42.1%, free cash flow fell 638.5% and total debt rose 2.61%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

40.17 1.44 −3.46%
Market cap
$7.4B
P/E
0.0×
Fwd P/E
1,057×
Dividend yield
—
F-score
5/9
Altman Z
4.11
Beneish M
−0.57
Dividend safety
n/a

Insider Decisions trades per month

Total buys 1.51
Total sells 146.81
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 1 1 — — — —
Sell 2 2 2 — 2 1 4 1 — — — —
Insider Ownership 18.77%

Capital & Financial Ratios $m

Market Cap 7,410.00
Revenue 416.25
Net Income (60.62)
Free Cash Flow (504.58)
Net Debt (518.06)
Current Ratio 9.51 (at or above 1.5: strong)
Debt/Equity 0.39 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E 1,057.00 (above 35: high)
P/S ratio 17.22 (above 10: high)
P/B ratio 3.66
Past 5Y EPS Growth —
This Y EPS Growth 97.91% (at or above 15%: strong)
Next Y EPS Growth 13,838.75% (at or above 15%: strong)
Next Y revenue growth 64.02% (at or above 10%: strong)
Next 5Y EPS Growth 23.92% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 47.56%
10-year low 10-year high
P/B against its own 10 years 40.59%
10-year low 10-year high
EV/Sales against its own 10 years 45.15%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 998 851 1,830 1,453
Receivables 30 63 147 97
Inventory 95 108 172 173
Other — — — —
1,131 1,031 2,166 1,745
2023 2024 2025 Q'26
Payables 102 88 132 106
ST’ Debt — — 67 —
Other 7 19 26 32
109 164 299 184

Compound Annual Growth %

10y 5y 3y
Sales — 15.45% (19.47%)
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 22.88% 22.15%

Revenue $m

Mar Jun Sep Dec Year
’26 133 126 — — —
’25 61 57 54 104 275
’24 49 31 63 61 204
’23 96 64 53 41 253
’22 166 144 124 93 528
’21 60 73 100 99 332
’20 21 30 41 42 134
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) 7 — — —
’25 (63) (4) (42) (47) (156)
’24 (41) 31 (7) 30 13
’23 55 10 11 (14) 63
’22 121 99 95 29 344
’21 9 39 22 32 102
’20 4 (1) (3) 4 3
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (79) (223) — — —
’25 (92) (30) (93) (109) (324)
’24 (93) (16) (53) (11) (173)
’23 (19) (46) (48) (87) (199)
’22 66 31 3 (83) 17
’21 (10) 13 (19) (6) (22)
’20 3 (6) (7) (9) (19)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.04) (0.11) — — —
’25 (0.14) (0.19) (0.24) 0.05 (0.50)
’24 0.09 (0.21) (0.16) (0.14) (0.39)
’23 0.20 0.04 (0.02) (0.09) 0.14
’22 0.45 0.38 0.33 0.36 1.52
’21 0.09 0.15 0.23 0.26 0.73
’20 0.03 (0.92) 0.20 0.20 (0.27)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — 9.78 23.18 23.50 14.47 10.02 15.77

Analyst estimates 2026–2028

Powerpack
High — — — — 40.74 51.77 60.19 36.67 24.01 100.25
People
People Employees — — — — 277 365 486 681 804 998
Revenue/emp, $m — — — 0.00 0.48 0.91 1.09 0.37 0.25 0.28
Income, $m
Income, $m Revenue — — — 73 134 332 528 253 204 275
Gross margin, % — — — 16.55 52.50 77.03 82.52 63.42 5.53 30.01
EBT — — — (7) (39) 160 341 33 (93) (118)
EBT margin, % — — — (9.20) (29.38) 48.26 64.67 13.05 (45.79) (42.76)
Net income — 0 — (7) (22) 135 289 24 (65) (86)
Depreciation — — — 5 7 24 22 56 78 89
Per share, $
Per share, $ Revenue — — — 1.10 1.69 1.91 2.99 1.43 1.22 1.62
Earnings — — — (0.10) (0.27) 0.78 1.64 0.14 (0.39) (0.50)
Cash flow — — — (0.01) 0.04 0.59 1.95 0.35 0.08 (0.92)
Capex — — — 0.08 (0.28) (0.71) (1.85) (1.48) (1.12) (0.99)
Free cash flow — — — 0.08 (0.24) (0.13) 0.10 (1.12) (1.04) (1.90)
Book value — — — (0.27) 10.71 5.82 7.44 7.71 6.32 14.06
Shares, m — — — 67 80 173 177 177 167 170
Valuation, ×
Valuation, × P/E — — — 0.00 0.00 58.23 14.63 140.43 0.00 0.00
P/S — — — 0.00 19.09 23.74 8.08 13.74 12.77 31.20
P/B — — — 34,131.79 3.00 7.81 3.25 2.55 2.47 4.34
EV/Sales — — — 0.00 15.74 22.26 7.13 12.51 13.07 28.18
EV/FCF — — — 0.00 (110.75) (339.43) 222.19 (15.92) (15.39) (23.96)
Cash, $m
Cash, $m Operating cash flow — — — 0 3 102 344 63 13 (156)
Capex — — — 6 (22) (124) (327) (262) (186) (168)
Free cash flow — — — 5 (19) (22) 17 (199) (173) (324)
Balance, $m
Balance, $m Working capital — — — (4) 518 1,217 1,196 1,023 867 1,867
Total debt — — — 18 71 691 680 682 909 999
Net debt — — — 16 (449) (488) (502) (316) 58 (832)
Shareholders’ equity — — — (18) 854 1,009 1,313 1,366 1,055 2,392
Returns, %
Returns, % ROA — — — (13.27) (3.71) 9.11 14.00 1.06 (2.80) (2.77)
ROIC — — — 0.00 (5.36) 19.86 25.24 (1.05) (9.52) (5.98)
ROE — — — (1.62) (5.22) 14.50 24.90 1.82 (5.41) (5.66)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

MP Materials Corp. vs peers in Other Industrial Metals & Mining (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MP MP Materials Corp. $7.4B — (loss-making) 1,057× +119.66% (above 0%: growing) n/m −638.46% (below 0%: shrinking) 42.66% (25.41%)
MTRN Materion Corporation $5.3B 56.3× 37.8× +42.22% (above 0%: growing) +53.72% (above 0%: growing) +61.80% (above 0%: growing) 17.00% 8.42% Compare
USAR USA Rare Earth Inc. $4.2B — (loss-making) — (loss-making) — n/m −1,034.95% (below 0%: shrinking) (27.19%) (795.64%) Compare
SKE Skeena Resources Limited $4.0B — (loss-making) — — n/m −112.35% (below 0%: shrinking) 0.00% 0.00% Compare
ALM Almonty Industries Inc. $2.9B 50.2× — +497.16% (above 0%: growing) n/m +133.36% (above 0%: growing) 62.18% 37.51% Compare
NEXA Nexa Resources S.A. $1.7B 6.0× 4.4× +28.16% (above 0%: growing) +5,100.00% (above 0%: growing) +28.53% (above 0%: growing) 28.32% 19.31% Compare
USAS Americas Gold and Silver Corporation $1.3B — (loss-making) — +72.05% (above 0%: growing) n/m −209.58% (below 0%: shrinking) 47.97% 10.95% Compare
TMC TMC the metals company Inc. $1.2B — (loss-making) — — n/m −87.95% (below 0%: shrinking) 0.00% 0.00% Compare
VZLA Vizsla Silver Corp. $1.2B — (loss-making) — — n/m +10.03% (above 0%: growing) 0.00% 0.00% Compare
Median of peers $2.3B 50.2× — +57.14% — −38.96% 8.50% 4.21%

All 46 Other Industrial Metals & Mining stocks →

MP Materials Corp. (MP) key facts

  • Concern: MP Materials Corp. reported a net loss of $85.9 million, or a loss of $0.50 per share, for fiscal 2025.
  • MP Materials Corp. (MP) is an Other Industrial Metals & Mining company in the Basic Materials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MP traded at $40.17, a market capitalization of $7.4 billion.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 17.2× sales.
  • Return on equity was −5.66% and debt-to-equity 0.39.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.11 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

MP Materials Corp. (MP) Latest News

stockrow.com/MP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com