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
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MP Materials Corp. (MP) 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 | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| MP MP Materials Corp. | 57.7% |
| ALM Almonty Industries Inc. compare | 51.2% |
| NEXA Nexa Resources S.A. compare | 29.5% |
| MTRN Materion Corporation compare | 15.9% |
| SKE Skeena Resources Limited compare | 0.00% |
| VZLA Vizsla Silver Corp. compare | 0.00% |
| EMAT Evolution Metals & Technologies Corp. compare | — |
| SSMR Sunshine Silver Mining & Refining Company compare | — |
| USAR USA Rare Earth Inc. compare | — |
| Other Industrial Metals & Mining industry median | 14.5% |
| Basic Materials sector median | 25.0% |
| Market median | 45.1% |
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
More on MP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement