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

34.37 0.63 +1.87%
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) Operating margin

Alert me on Operating margin

MP Materials Corp.'s operating margin over the twelve months to 30 September 2026 was −20.5%, up 46.0 percentage points from fiscal 2025 (−66.6%). Over the past ten years it has ranged from −83.1% (fiscal 2024) to 62.1% (fiscal 2022); the current reading is higher than 29% of that period. That is below the Other Industrial Metals & Mining industry median of 0.00% and below the Basic Materials sector median of 2.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −66.6% 16.56
FY2024 −83.1% (76.12)
FY2023 −6.99% (69.06)
FY2022 62.1% 12.26
FY2021 49.8% 75.65
FY2020 −25.8% (15.46)
FY2019 −10.4% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 −14.9% 14.58
Jun 2026 −29.5% (2.91)
Mar 2026 −26.6% (19.60)
Dec 2025 −7.01% 118.14
23 more quarters

Against its own ten years

Low −83.1% High 62.1%
Ten-year median −10.4%
Current reading's percentile 39

Operating margin against peers

Company Operating margin
NEXA Nexa Resources S.A. compare 16.8%
MTRN Materion Corporation compare 6.36%
ALM Almonty Industries Inc. compare 5.37%
SKE Skeena Resources Limited compare 0.00%
USAR USA Rare Earth Inc. compare 0.00%
EMAT Evolution Metals & Technologies Corp. compare 0.00%
VZLA Vizsla Silver Corp. compare 0.00%
MP MP Materials Corp. −41.5%
SSMR Sunshine Silver Mining & Refining Company compare —
Other Industrial Metals & Mining industry median 0.00%
Basic Materials sector median 2.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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