MP Materials Corp. / DE
MP Materials Corp. / DE
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 886 | 1,166 | 1,147 | 262 | 198 | 282 | 284 | 296 | 296 | 263 | 548 | 927 | |||||
Available For Sale Securities Debt Securities Curr… | 852 | 664 | 793 | 492 | 561 | 568 | 582 | 641 | 650 | 734 | 537 | 201 | |||||
Cash Cash Equivalents And Short Term Investments | 1,738 | 1,830 | 1,940 | 754 | 759 | 851 | 866 | 937 | 947 | 998 | 1,085 | 1,128 | |||||
Accounts Receivable Net Current | 47 | 15 | 15 | 22 | 70 | 19 | 15 | 8 | 22 | 10 | 13 | 11 | |||||
Income Taxes Receivable | - | 1 | 24 | 24 | 24 | 24 | - | - | - | 1 | 4 | 4 | |||||
Other Receivables | 72 | 131 | - | - | - | 21 | - | - | - | - | - | - | |||||
Inventory Net | 169 | 172 | 144 | 128 | 133 | 108 | 117 | 115 | 109 | 95 | 77 | 68 | |||||
Grants Receivable Current | 23 | 42 | 36 | 19 | 19 | 20 | 8 | 19 | 19 | 19 | - | - | |||||
Prepaid Expense And Other Assets Current | 20 | 17 | 15 | 14 | 18 | 10 | 12 | 10 | 10 | 8 | 9 | 13 | |||||
Assets Current | 2,047 | 2,166 | 2,174 | 960 | 1,023 | 1,031 | 1,017 | 1,091 | 1,106 | 1,131 | 1,188 | 1,224 | |||||
Assets Noncurrent | |||||||||||||||||
Property Plant And Equipment Net | 1,434 | 1,370 | 1,306 | 1,290 | 1,279 | 1,251 | 1,231 | 1,217 | 1,196 | 1,158 | 1,098 | 1,045 | |||||
Inventory Noncurrent | 96 | 81 | 63 | 45 | 20 | 19 | 20 | 17 | 15 | 13 | 13 | 7 | |||||
Equity Method Investments | - | - | - | - | - | - | 9 | 9 | 10 | 10 | - | - | |||||
Operating Lease Right Of Use Asset | - | 13 | - | 9 | 10 | 9 | 9 | 9 | 10 | 10 | 10 | 10 | |||||
Other Assets Noncurrent | 64 | 38 | 34 | 25 | 29 | 32 | 7 | 13 | 9 | 15 | 4 | 3 | |||||
Intangible Assets Net Excluding Goodwill | - | 6 | - | 7 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | - | |||||
Assets Noncurrent | 1,793 | 1,698 | 1,624 | 1,376 | 1,345 | 1,302 | 1,283 | 1,274 | 1,248 | 1,205 | 1,134 | 1,066 | |||||
Assets | 3,840 | 3,864 | 3,798 | 2,336 | 2,368 | 2,334 | 2,300 | 2,364 | 2,354 | 2,336 | 2,322 | 2,289 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable And Accrued Liabilities Current | - | - | - | - | - | - | - | - | - | - | 92 | 72 | |||||
Accounts Payable Current | 33 | 37 | 25 | 22 | 21 | 24 | 22 | 20 | 26 | 28 | - | - | |||||
Accrued Liabilities Current | 99 | 95 | 78 | 74 | 69 | 65 | 66 | 75 | 74 | 74 | - | - | |||||
Long Term Debt Current | 67 | 67 | 68 | 67 | 67 | 0 | - | - | - | - | - | - | |||||
Contract With Customer Liability Current | 62 | 74 | 82 | 80 | 75 | 57 | 50 | 50 | - | 0 | - | - | |||||
Taxes Payable Current | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Operating Lease Liability Current | - | - | - | - | - | - | - | - | - | - | 1 | 0 | |||||
Other Liabilities Current | 23 | 26 | 17 | 23 | 16 | 19 | 9 | 13 | 7 | 7 | 4 | 4 | |||||
Liabilities Current | 285 | 299 | 270 | 267 | 248 | 164 | 147 | 158 | 108 | 109 | 97 | 76 | |||||
Liabilities Noncurrent | |||||||||||||||||
Asset Retirement Obligations Noncurrent | - | - | - | - | - | - | 6 | 6 | 6 | 6 | 5 | 5 | |||||
Accrued Environmental Loss Contingencies Noncurren… | - | - | - | - | - | - | 17 | 17 | 17 | 17 | 17 | 17 | |||||
Long Term Debt Noncurrent | 933 | 931 | 930 | 843 | 842 | 909 | 938 | 937 | 936 | 682 | 681 | 680 | |||||
Contract With Customer Liability Noncurrent | 78 | 84 | 62 | 45 | 69 | 43 | - | - | - | 0 | - | - | |||||
Deferred Income Noncurrent | 25 | 22 | 22 | 22 | 22 | 20 | 20 | 19 | 18 | 17 | - | - | |||||
Operating Lease Liability Noncurrent | - | 8 | - | 6 | 6 | 6 | 6 | 6 | 7 | 7 | 7 | 7 | |||||
Accumulated Deferred Investment Tax Credit | 36 | 27 | 21 | 26 | 25 | 26 | - | - | - | 0 | - | - | |||||
Deferred Income Tax Liabilities Net | 35 | 52 | 56 | 67 | 81 | 85 | 99 | 108 | 122 | 131 | 135 | 136 | |||||
Other Liabilities Noncurrent | 67 | 57 | 58 | 49 | 38 | 32 | 5 | 6 | 4 | 25 | 4 | 4 | |||||
Liabilities Noncurrent | 1,174 | 1,173 | 1,150 | 1,059 | 1,084 | 1,115 | 1,089 | 1,097 | 1,109 | 862 | 849 | 849 | |||||
Liabilities | 1,459 | 1,472 | 1,420 | 1,326 | 1,332 | 1,279 | 1,236 | 1,255 | 1,216 | 971 | 946 | 925 | |||||
Temporary Equity Carrying Amount Attributable To P… | 414 | 414 | 414 | - | - | 0 | - | - | - | - | - | - | |||||
Statement Of Stockholders… | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,968 | 1,971 | 1,967 | 971 | 965 | 961 | 949 | 944 | 938 | 980 | 974 | 959 | |||||
Retained Earnings Accumulated Deficit | 226 | 234 | 225 | 267 | 298 | 320 | 343 | 368 | 402 | 386 | 402 | 406 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | 0 | 0 | -0 | -0 | 0 | 0 | -0 | -0 | 0 | -0 | -0 | |||||
Treasury Stock Value | -227 | -227 | -227 | -227 | -227 | -227 | -227 | -203 | -203 | 0 | - | - | |||||
Stockholders Equity | 1,967 | 1,979 | 1,965 | 1,011 | 1,036 | 1,055 | 1,065 | 1,109 | 1,138 | 1,366 | 1,376 | 1,365 | |||||
Liabilities And Stockholders Equity | 3,840 | 3,864 | 3,798 | 2,336 | 2,368 | 2,334 | 2,300 | 2,364 | 2,354 | 2,336 | 2,322 | 2,289 | |||||
Allowance For Doubtful Accounts Receivable Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Temporary Equity Par Or Stated Value Per Share | 0 | 0 | 0 | - | - | 0 | - | - | - | - | - | - | |||||
Temporary Equity Shares Authorized | 0 | 0 | 0 | - | - | 0 | - | - | - | - | - | - | |||||
Temporary Equity Shares Issued | 0 | 0 | 0 | - | - | 0 | - | - | - | - | - | - | |||||
Temporary Equity Shares Outstanding | 0 | 0 | 0 | - | - | 0 | - | - | - | - | - | - | |||||
Temporary Equity Liquidation Preference | 421 | 413 | 406 | - | - | 0 | - | - | - | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | 450 | |||||
Common Stock Shares Issued | 193 | 193 | 192 | 179 | 179 | 178 | 178 | 178 | 178 | 178 | 178 | 178 | |||||
Shares Outstanding | 178 | 177 | 177 | 163 | 163 | 163 | 163 | 165 | 165 | 178 | 178 | 178 | |||||
Treasury Stock Common Shares | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 13 | 13 | 0 | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.05% | -20.07% | -38.75% | - | - | - | - | - | - | - | - | - |
| 2025 | -0.73% | 49.89% | 182.82% | -4.28% | -7.66% | -4.72% | 5.72% | -8.91% | 18.74% | -15.67% | 1.65% | 2.12% |
| 2024 | 11.23% | -11.23% | -7.27% | 17.49% | 67.49% | 69.76% | 8.05% | -15.59% | 10.62% | 7.87% | 9.75% | -11.25% |
| 2023 | - | - | - | -16.01% | -14.94% | -26.24% | -1.89% | 22.35% | -3.78% | -10.31% | 8.01% | 19.83% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 7.18 | 7.24 | 8.05 | 3.60 | 4.12 | 6.29 | 6.93 | 6.90 | 10.29 | 10.42 | 12.25 | 16.15 | |||||
| Quick Ratio | 6.51 | 6.61 | 7.46 | 3.07 | 3.51 | 5.57 | 6.06 | 6.10 | 9.18 | 9.47 | 11.36 | 15.09 | |||||
| Working Capital | 1.76B | 1.87B | 1.90B | 693.53M | 774.67M | 867.30M | 870.39M | 932.56M | 998.65M | 1.02B | 1.09B | 1.15B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.74 | 0.74 | 0.72 | 1.31 | 1.29 | 1.21 | 1.16 | 1.13 | 1.07 | 0.71 | 0.69 | 0.68 | |||||
| Interest Coverage TTM | -4.11 | -4.74 | -6.69 | -6.13 | -6.19 | -7.36 | -9.17 | -11.32 | -12.31 | -3.37 | 9.74 | 28.28 | |||||
| Debt Ratio | 0.38 | 0.38 | 0.37 | 0.57 | 0.56 | 0.55 | 0.54 | 0.53 | 0.52 | 0.42 | 0.41 | 0.40 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.08 | 0.07 | 0.08 | 0.10 | 0.09 | 0.09 | 0.08 | 0.07 | 0.09 | 0.11 | 0.14 | 0.17 | |||||
| Days Sales Outstanding TTM | 83.98 | 27.07 | 23.01 | 22.82 | 77.16 | 25.67 | 27.49 | 20.56 | 37.88 | 30.88 | 15.75 | 10.74 | |||||
| Receivables Turnover TTM | 4.35 | 13.49 | 15.86 | 15.99 | 4.73 | 14.22 | 13.28 | 17.75 | 9.64 | 11.82 | 23.18 | 33.98 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.40 | -0.50 | -0.67 | -0.62 | -0.64 | -0.39 | -0.36 | -0.23 | 0.02 | 0.14 | 0.61 | 0.98 | |||||
| Free Cash Flow Per Share TTM | -1.76 | -1.93 | -1.31 | -1.16 | -1.06 | -1.04 | -1.51 | -1.47 | -1.57 | -1.12 | -1.10 | -0.82 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 14.19% | 14.10% | 11.49% | 11.29% | 4.70% | 5.53% | - | - | - | - | - | - | |||||
| Operating Profit Margin TTM | -54.55% | -66.55% | -81.48% | -66.98% | -79.53% | -83.11% | -86.43% | -78.94% | -40.26% | -6.99% | 17.47% | 39.76% | |||||
| Net Profit Margin TTM | -28.00% | -38.26% | -50.55% | -41.87% | -48.41% | -32.09% | -32.24% | -21.94% | 1.62% | 9.59% | 35.21% | 46.38% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 17.73% | 10.10% | 26.44% | 39.42% | 4.63% | -19.57% | -39.74% | -53.99% | -54.82% | -51.95% | -42.73% | -25.81% | |||||
| Net Income Growth (1Y) | -31.91% | 31.26% | 98.25% | 166.08% | -3,222.16% | -369.16% | -155.16% | -121.77% | -98.61% | -91.59% | -60.30% | -30.15% | |||||
| EPS Growth (1Y) | -37.36% | 28.72% | 85.92% | 168.53% | -3,427.91% | -385.84% | -159.56% | -123.30% | -98.59% | -91.62% | -60.46% | -30.33% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -120.67 | -100.09 | -99.79 | -53.77 | -38.23 | -39.78 | -48.82 | -55.24 | 745.35 | 144.69 | 31.47 | 23.14 | |||||
| P/B TTM | 4.37 | 4.34 | 5.97 | 5.39 | 3.86 | 2.47 | 2.72 | 1.90 | 2.19 | 2.58 | 2.46 | 2.97 | |||||
| P/S TTM | 33.79 | 38.29 | 50.44 | 22.51 | 18.51 | 12.77 | 15.74 | 12.12 | 12.09 | 13.88 | 11.08 | 10.73 | |||||
| Market Cap | 8.59B | 8.59B | 11.74B | 5.45B | 4.00B | 2.60B | 2.90B | 2.10B | 2.50B | 3.52B | 3.39B | 4.05B | |||||
| Enterprise Value | 8.70B | 8.43B | 11.59B | 6.10B | 4.71B | 3.23B | 3.55B | 2.74B | 3.13B | 3.93B | 3.52B | 3.80B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -313.75M | -328.13M | -230.04M | -190.79M | -173.77M | -173.07M | -248.65M | -243.03M | -273.19M | -199.20M | -195.62M | -145.14M | |||||
| Net Debt | 113.35M | -168.62M | -151.23M | 647.81M | 710.06M | 625.13M | 652.04M | 639.57M | 638.09M | 416.99M | 131.85M | -249.27M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Institutional Ownership
MP Materials Corp. / DE (MP) — SEC Financial Statements & Analysis
MP Materials Corp. / DE (MP) is a metal mining company, incorporated in DE. MP Materials Corp. / DE trades on NYSE as: MP. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), MP Materials Corp. / DE reported a 17.73% year-over-year revenue growth, a Gross Profit Margin of 14.19% (TTM), a Debt-to-Equity ratio of 0.74x, a Price-to-Sales (P/S) ratio of 33.79x (TTM), a Price-to-Book (P/B) ratio of 4.37 (TTM), at a market cap of $8.59B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 17.73%
- Gross Profit Margin TTM
- 14.19%
- Debt To Equity
- 0.74x
- P/S TTM
- 33.79x
- P/B TTM
- 4.37
- Market Cap
- $8.59B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MP Materials Corp. / DE in?
MP Materials Corp. / DE (MP) operates in the Metal Mining industry.
What is MP's market cap?
MP Materials Corp. / DE (MP) has a market capitalization of $8.59B as of 2026-03-31.
What exchange does MP trade on?
MP Materials Corp. / DE (MP) trades on the NYSE.
Where is MP Materials Corp. / DE incorporated?
MP Materials Corp. / DE is incorporated in DE.