Saturday 17 October 2026 Export MP’s income statement to Excel — free account

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

Debt/Equity 0.39

P/E ratio 0.00

Fwd P/E 1,057.00

P/S ratio 17.22

P/B ratio 3.66

Past 5Y EPS Growth —

This Y EPS Growth 97.91%

Next Y EPS Growth 13,838.75%

Next Y revenue growth 64.02%

Next 5Y EPS Growth 23.92%

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

Valuation vs history

EV/Sales, ten years

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
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

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.