MP Materials
MP NYSE· Diversified Metals & Mining
Last close · Oct 23, 2026
$38.30
KIRA · Stoqly’s AI analyst, in plain words
- MP Materials had $224M of revenue in fiscal 2025, up 10.1% on the year before. Over five years, revenue changed +10.8% a year on average.
- Its operating margin was −66.6%, up 16.6 pts: of every 100 in sales, about −67 is left after running the business.
- MP Materials lost $85.9M in fiscal 2025.
- Free cash flow was −$328M in fiscal 2025, −146.2% of revenue.
- MP Materials returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 0.1%.
- MP Materials has $832M more cash than debt.
Market cap
$6.8B
P/E
—
Revenue
$224M
Net income
−$85.9M
Free cash flow
−$328M
Operating margin
−66.6%
MP Materials in 30 seconds · fiscal 2025
Are sales growing?
+10.1%
Yes. Sales grew 10.1% last year.
Does it make a profit?
−38.3%
No. It lost money last year.
Does profit turn into cash?
−146.2%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
What MP Materials does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Legal name
- MP Materials Corp. / DE
- CIK
- 0001801368
MP Materials · MP
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $332M | $528M | $253M | $204M | $224M |
| Revenue growth | 147.2% | 58.9% | −52.0% | −19.6% | 10.1% |
| Operating margin | 49.8% | 62.1% | −7.0% | −83.1% | −66.6% |
| Net income | $135M | $289M | $24.3M | −$65.4M | −$85.9M |
| Net margin | 40.7% | 54.8% | 9.6% | −32.1% | −38.3% |
| Diluted EPS | $0.73 | $1.52 | $0.14 | −$0.57 | −$0.50 |
| Cash | |||||
| Cash from operations | $102M | $344M | $62.7M | $13.3M | −$156M |
| Capital expenditure | $124M | $327M | $262M | $186M | $172M |
| Free cash flow | −$21.9M | $16.9M | −$199M | −$173M | −$328M |
| FCF margin | −6.6% | 3.2% | −78.6% | −84.9% | −146.2% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $225M | $0.0M |
| Share count change | 138.2% | 1.9% | −7.9% | −4.6% | 0.1% |
| Debt and strength | |||||
| Cash and short-term investments | $1.2B | $1.2B | $998M | $851M | $1.8B |
| Debt incl. finance leases | $676M | $679M | $683M | $910M | $999M |
| Shareholders' equity | $1.0B | $1.3B | $1.4B | $1.1B | $2.0B |
| Net debt / EBITDA | −2.7x | −1.5x | −8.3x | — | — |
| Current ratio | 21.4x | 13.3x | 10.4x | 6.3x | 7.2x |
| Interest coverage | 18.6x | 56.6x | −3.4x | −7.4x | −4.7x |
| Returns and quality | |||||
| Return on capital | 33.0% | 42.2% | −1.4% | −12.4% | −10.4% |
| Return on equity | 14.5% | 24.9% | 1.8% | −5.4% | −5.7% |
| Piotroski F-score | 4 | 5 | 5 | 3 | 3 |
| Altman Z'' | 6.1 | 6.5 | 4.8 | 3.3 | 4.5 |
Insiders bought, 12 months
$1.5M
1 insider
Insiders sold, 12 months
$147M
3 insiders
Of sales under plans
31%
$45.8M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
MP Materials · MP
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| MP Materials MP | $6.8B | 10.1% | −66.6% | −146.2% | −10.4% | — | 3 |
| Materion MTRN | $4.7B | 6.0% | 6.2% | 2.8% | 7.3% | 51.5x | 7 |
| Rio Tinto RIO | $137.1B | 7.4% | 25.9% | 7.8% | 14.9% | — | 4 |
| United States Lime & Mineral... USLM | $3.2B | 17.3% | 42.4% | 27.4% | 51.7% | 23.9x | 5 |
| Lindsay LNN | $1.1B | −6.0% | 10.5% | 5.5% | 11.9% | — | 5 |
KIRA
At $38.30 a share, the company is worth $6.8B.
MP Materials grew sales faster than 3 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001801368). Data updated October 14, 2026. For information only — not investment advice. Check the original filings before relying on any figure.