MP Materials Corp.

MP Basic Materials Other Industrial Metals & Mining

MP Materials Corp.’s revenue for fiscal 2025 (year ended December 2025) was $224.4 million, up 10.1% from fiscal 2024.

Revenue
+175.7%
EPS
+50.0%
Free cash flow
−638.5%
Total debt
−6.12%

Quarter to September 2026, against a year earlier

34.00 1.91 −5.32%
Market cap
$6.0B
P/E
0.0×
Fwd P/E
−135×
Dividend yield
—
F-score
4/9
Altman Z
4.10
Beneish M
−0.49
Dividend safety
n/a

MP Materials Corp. (MP) Gross margin

Alert me on Gross margin

MP Materials Corp.'s gross margin over the twelve months to 30 September 2026 was 0.00%, down 36.8 percentage points from fiscal 2025 (36.8%). Over the past ten years it has ranged from 5.53% (fiscal 2024) to 82.5% (fiscal 2022); the current reading is higher than 43% of that period. That is above the Other Industrial Metals & Mining industry median of 14.5% and above the Basic Materials sector median of 25.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 36.8% 31.30
FY2024 5.53% (57.89)
FY2023 63.4% (19.10)
FY2022 82.5% 5.49
FY2021 77.0% 24.53
FY2020 52.5% 35.95
FY2019 16.6% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 0.00% (49.57)
Jun 2026 49.6% (15.16)
Mar 2026 64.7% (46.59)
Dec 2025 111.3% 101.84
23 more quarters

Against its own ten years

Low 5.53% High 82.5%
Ten-year median 52.5%
Current reading's percentile 48

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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