MP Materials
MP
46.31
-2.22
-4.57%
MP Materials
US · MP
#1633 by market cap
Listed 1970
46.31
-2.22
-4.57%
Live - 5344 symbols - heartbeat 212s ago
· 2026-10-08 07:00
Pre-market
45.60
-1.53%
After-hours
46.40
+0.19%
Overnight
45.89
-0.91%
- Market cap
- 8.25B
- P/E (TTM)i
- -140.33
- P/Bi
- 4.21
- EPSi
- -0.50
- Div yieldi
- 0.00%
- 52W posi
- 14%
Reader sentiment
Are you bullish or bearish on MP?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.22, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 7 years
Latest year +10.10% YoY
Margins
- Gross margin
- -25.67%
- Operating margin
- -64.64%
- Net margin
- -38.26%
Key ratios & quality
- Enterprise valuei
- 7.42B
- Altman Z-Scorei
- 3.22
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 73.41M | 134.31M | 331.95M | 527.51M | 253.45M | 203.86M | 224.44M |
| Gross profit | 5.58M | 61.18M | 231.32M | 416.94M | 105.02M | -66.79M | -57.62M |
| Selling & admin expenses | 11.10M | 26.77M | 56.65M | 75.86M | 79.25M | 83.30M | 112.07M |
| Research & development | 0 | 140.00K | 4.20M | 4.25M | 14.93M | 9.31M | 24.21M |
| Operating profit | -7.62M | 32.01M | 165.72M | 334.96M | 3.61M | -163.74M | -145.09M |
| Pretax profit | -6.75M | -39.46M | 160.20M | 341.15M | 33.08M | -93.35M | -117.77M |
| Tax | 1.00K | -17.64M | 25.16M | 52.15M | 8.77M | -27.92M | -31.90M |
| Net profit | -6.76M | -21.83M | 135.04M | 289.00M | 24.31M | -65.42M | -85.87M |
| Basic EPS | 0 | 0 | 1 | 2 | 0 | 0 | -1 |
| Diluted EPS | -0.10 | -0.27 | 0.73 | 1.52 | 0.14 | -0.57 | -0.50 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 60.81M | 57.39M | 53.55M | 52.69M | 90.65M | 108.49M |
| Gross profit | -9.41M | -13.82M | -17.42M | -16.97M | -15.73M | 819.00K |
| Selling & admin expenses | 24.17M | 27.43M | 28.41M | 32.07M | 33.64M | 35.16M |
| Research & development | 474.00K | 2.50M | 19.03M | 2.21M | 1.91M | 1.28M |
| Operating profit | -33.80M | -43.12M | -65.61M | -2.56M | -18.23M | -17.60M |
| Pretax profit | -27.18M | -42.72M | -58.43M | 10.56M | -13.64M | -29.34M |
| Tax | -4.53M | -11.85M | -16.65M | 1.13M | -5.67M | -9.04M |
| Net profit | -22.65M | -30.87M | -41.78M | 9.43M | -7.97M | -20.30M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.14 | -0.19 | -0.24 | 0.05 | -0.04 | -0.11 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total current assets | 27.41M | 561.05M | 1.28B | 1.29B | 1.13B | 1.03B | 2.17B |
| Cash & ST investments | 2.76M | 519.65M | 1.18B | 1.18B | 997.84M | 850.87M | 1.83B |
| Inventory | 23.05M | 32.27M | 38.69M | 57.55M | 95.18M | 107.91M | 171.56M |
| Total assets | 101.79M | 1.07B | 1.89B | 2.24B | 2.34B | 2.33B | 3.86B |
| Total current liabilities | 31.32M | 43.06M | 59.54M | 97.48M | 108.55M | 164.02M | 299.05M |
| Short-term debt | 4.68M | 24.74M | 16.08M | -- | -- | -- | 67.41M |
| Long-term debt | 13.59M | 45.34M | 674.93M | 678.44M | 681.98M | 908.73M | 931.33M |
| Total liabilities | 119,816,000.00 | 220,411,000.00 | 880,934,000.00 | 925,153,000.00 | 970,673,000.00 | 1,278,678,000.00 | 1,885,403,000.00 |
| Total equity | -18.02M | 853.88M | 1.01B | 1.31B | 1.37B | 1.05B | 1.98B |
| Retained earnings | -40.80M | -62.62M | 72.42M | 361.42M | 385.73M | 320.30M | 234.43M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.02B | 960.40M | 2.17B | 2.17B | 2.05B | 1.75B |
| Cash & ST investments | 759.16M | 753.66M | 1.94B | 1.83B | 1.74B | 1.45B |
| Inventory | 133.08M | 128.05M | 144.37M | 171.56M | 169.19M | 173.43M |
| Total assets | 2.37B | 2.34B | 3.80B | 3.86B | 3.84B | 3.73B |
| Total current liabilities | 248.21M | 266.87M | 270.18M | 299.05M | 285.25M | 183.54M |
| Short-term debt | 67.35M | 67.43M | 67.52M | 67.41M | 67.50M | -- |
| Long-term debt | 842.42M | 843.37M | 929.75M | 931.33M | 932.94M | 934.58M |
| Total liabilities | 1,332,013,000.00 | 1,325,637,000.00 | 1,833,505,000.00 | 1,885,403,000.00 | 1,873,056,000.00 | 1,769,404,000.00 |
| Total equity | 1.04B | 1.01B | 1.96B | 1.98B | 1.97B | 1.96B |
| Retained earnings | 297.65M | 266.78M | 225.00M | 234.43M | 226.46M | 206.16M |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -437.00K | 3.28M | 101.97M | 343.51M | 62.70M | 13.35M | -155.76M |
| Depreciation & amortization | 4.69M | 6.93M | 24.38M | 18.36M | 55.71M | 78.06M | 89.27M |
| Free cash flow | -2.71M | -19.09M | -21.90M | 16.92M | -199.20M | -173.07M | -328.13M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | 0 | -225.07M | 716.40M |
| Ending cash balance | 29.57M | 532.44M | 1.18B | 143.51M | 264.99M | 283.60M | 1.17B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -63.20M | -3.66M | -42.05M | -46.85M | -1.91M | 6.85M |
| Depreciation & amortization | 21.38M | 20.78M | 22.50M | 24.61M | 32.14M | 35.38M |
| Free cash flow | -93.67M | -32.66M | -92.54M | -109.26M | -79.29M | -223.49M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -31.10M | -- | -- |
| Ending cash balance | 199.70M | 262.99M | 1.15B | 1.17B | 887.09M | 429.62M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ROE %i | -- | -5.22 | 14.50 | 24.90 | 1.82 | -5.41 | -5.66 |
| ROA %i | -6.64 | -3.71 | 9.11 | 14.00 | 1.06 | -2.80 | -2.77 |
| ROIC %i | -- | -3.95 | 10.86 | 15.99 | 1.39 | -2.45 | -2.51 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | 6.12 | 6.03 |
| EBIT margin %i | -4.55 | -25.65 | 50.94 | 65.77 | 15.12 | -34.50 | -38.45 |
| FCF / sales %i | -- | -- | -- | 3.21 | -- | -- | -- |
| Current ratioi | 0.88 | 13.03 | 21.44 | 13.27 | 10.42 | 6.29 | 7.24 |
| Quick ratioi | 0.10 | 12.15 | 20.66 | 12.47 | 9.47 | 5.57 | 6.61 |
| Debt / assetsi | 18.34 | 6.59 | 36.57 | 30.32 | 29.48 | 39.19 | 26.06 |
| LT debt / equityi | -- | 5.40 | 66.91 | 51.69 | 50.43 | 86.69 | 47.49 |
| Interest coveragei | -0.98 | -6.88 | 18.99 | 59.96 | 7.30 | -3.06 | -2.74 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 92.97 | 23.57 | -15.00 | -24.79 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -9.62 | -9.57 | -7.77 | -5.66 | -4.74 | -4.08 |
| ROA %i | -4.43 | -4.31 | -3.86 | -2.77 | -2.29 | -2.00 |
| ROIC %i | -4.12 | -4.06 | -3.85 | -2.51 | -1.96 | -1.48 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -53.89 | -46.38 | -57.55 | -38.45 | -27.74 | -17.31 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 4.12 | 3.60 | 8.05 | 7.24 | 7.18 | 9.51 |
| Quick ratioi | 3.51 | 3.07 | 7.46 | 6.61 | 6.51 | 8.44 |
| Debt / assetsi | 38.69 | 39.24 | 26.26 | 26.06 | 26.05 | 25.08 |
| LT debt / equityi | 81.92 | 84.05 | 47.32 | 47.49 | 47.43 | 47.75 |
| Interest coveragei | -4.19 | -4.25 | -4.72 | -2.74 | -2.09 | -1.39 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Materials is the largest reported line at 88.15% of revenue, across 3 reported segments.
- The next-largest line, Magnetics, is a distant second at 15.23% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Materials88.15%
Magnetics15.23%
Quote time 2026-10-08 07:00:15 · For reference only, not investment advice and not tailored to your situation.