Symbols / MP Stock $60.73 -4.09% MP Materials Corp.

Basic Materials • Other Industrial Metals & Mining • United States • NYQ
MP (Stock) Chart
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Stock Fundamentals
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Index EQUITY
Sector Basic Materials
Industry Other Industrial Metals & Mining
CEO Mr. James Henry Litinsky
Exch · Country NYQ · United States
Market Cap 10.79B
Enterprise Value 10.41B
Income -85.87M
Sales 275.46M
FCF (ttm) -237.32M
Book/sh 11.16
Cash/sh 10.30
Employees 998
Insider 10d —
IPO Jun 22, 2020
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 45.89
PEG —
P/S 39.17
P/B 5.44
P/C —
EV/EBITDA -287.49
EV/Sales 37.78
Quick Ratio 6.66
Current Ratio 7.30
Debt/Eq 43.25
LT Debt/Eq —
EPS (ttm) -0.50
EPS next Y 1.32
EPS Growth —
Revenue Growth 70.00%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-26
ROA -2.53%
ROE -4.98%
ROIC —
Gross Margin 30.01%
Oper. Margin -0.92%
Profit Margin -31.18%
Shs Outstand 177.67M
Shs Float 143.00M
Insider Own 19.75%
Instit Own 65.29%
Short Float 16.68%
Short Ratio 4.97
Short Interest 27.06M
52W High 100.25
vs 52W High -39.42%
52W Low 18.64
vs 52W Low 225.80%
Beta 1.68
Impl. Vol. 80.59%
Rel Volume 0.81
Avg Volume 6.14M
Volume 4.94M
Target (mean) $77.93
Tgt Median $79.50
Tgt Low $62.00
Tgt High $90.00
# Analysts 14
Recom Strong_buy
Prev Close $63.32
Price $60.73
Change -4.09%
About

MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products, including NdPr metal; and manufactures NdFeB permanent magnets. MP Materials Corp. was founded in 2017 and is headquartered in Las Vegas, Nevada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$77.93
Mean price target
2. Current target
$60.73
Latest analyst target
3. DCF / Fair value
$-24.04
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$60.73
Low
$62.00
High
$90.00
Mean
$77.93

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 init Wedbush — → Outperform $90
2026-04-09 main Morgan Stanley Overweight → Overweight $62
2026-03-11 main DA Davidson Buy → Buy $82
2026-02-18 main DA Davidson Buy → Buy $82
2026-01-13 init William Blair — → Outperform —
2025-12-05 up Morgan Stanley Equal-Weight → Overweight $71
2025-11-24 up BMO Capital Market Perform → Outperform $75
2025-11-20 main DA Davidson Buy → Buy $82
2025-11-19 init Goldman Sachs — → Buy $77
2025-11-14 up JP Morgan Neutral → Overweight $74
2025-11-10 up Deutsche Bank Hold → Buy $71
2025-11-07 main DA Davidson Buy → Buy $82
2025-10-15 main B of A Securities Buy → Buy $112
2025-09-23 init Daiwa Capital — → Outperform $80
2025-09-02 main DA Davidson Buy → Buy $82
2025-08-11 main Deutsche Bank Hold → Hold $68
2025-08-08 main Canaccord Genuity Buy → Buy $77
2025-07-23 main Baird Outperform → Outperform $69
2025-07-21 main JP Morgan Neutral → Neutral $64
2025-07-17 main Deutsche Bank Hold → Hold $67
News
RSS: Latest MP news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
224.44
+10.10%
203.85
-19.57%
253.44
-51.95%
527.51
Operating Revenue
224.44
+10.10%
203.85
-19.57%
253.44
-51.00%
517.27
Cost Of Revenue
282.06
+4.22%
270.64
+82.35%
148.42
+34.23%
110.57
Reconciled Cost Of Revenue
282.06
+4.22%
270.64
+82.35%
148.42
+34.23%
110.57
Gross Profit
-57.62
+13.73%
-66.79
-163.59%
105.02
-74.81%
416.94
Operating Expense
87.47
-9.78%
96.95
-4.39%
101.41
+23.71%
81.97
Research And Development
24.21
+160.11%
9.31
-37.67%
14.93
+251.42%
4.25
Selling General And Administration
112.07
+34.53%
83.30
+5.12%
79.25
+4.47%
75.86
General And Administrative Expense
—
—
—
75.84
Other Gand A
—
—
—
75.84
Other Operating Expenses
-48.80
-1222.38%
4.35
-39.89%
7.23
+287.26%
1.87
Total Expenses
369.53
+0.53%
367.60
+47.14%
249.83
+29.75%
192.55
Operating Income
-145.09
+11.39%
-163.74
-4634.53%
3.61
-98.92%
334.96
Total Operating Income As Reported
-149.37
+11.84%
-169.43
-856.18%
-17.72
-105.41%
327.41
EBITDA
2.97
-61.48%
7.72
-91.79%
94.04
-74.26%
365.29
Normalized EBITDA
7.26
+118.38%
-39.51
-134.24%
115.37
-69.06%
372.85
Reconciled Depreciation
89.27
+14.36%
78.06
+40.12%
55.71
+203.49%
18.36
EBIT
-86.29
-22.69%
-70.34
-283.51%
38.33
-88.95%
346.94
Total Unusual Items
-4.29
-109.08%
47.23
+321.41%
-21.33
-182.48%
-7.55
Total Unusual Items Excluding Goodwill
-4.29
-109.08%
47.23
+321.41%
-21.33
-182.48%
-7.55
Special Income Charges
-4.29
-109.08%
47.23
+321.41%
-21.33
-182.48%
-7.55
Other Special Charges
4.29
+109.08%
-47.23
-321.41%
21.33
+182.48%
7.55
Write Off
—
—
—
0.00
Net Income
-85.87
-31.26%
-65.42
-369.16%
24.31
-91.59%
289.00
Pretax Income
-117.77
-26.17%
-93.35
-382.23%
33.08
-90.30%
341.15
Net Non Operating Interest Income Expense
-31.48
-36.81%
-23.01
-337.95%
-5.25
+9.19%
-5.79
Interest Expense Non Operating
31.48
+36.81%
23.01
+337.95%
5.25
-9.19%
5.79
Net Interest Income
-31.48
-36.81%
-23.01
-337.95%
-5.25
+9.19%
-5.79
Interest Expense
31.48
+36.81%
23.01
+337.95%
5.25
-9.19%
5.79
Other Income Expense
58.80
-37.05%
93.41
+169.04%
34.72
+189.90%
11.98
Other Non Operating Income Expenses
63.08
+36.60%
46.18
-17.61%
56.05
+187.03%
19.53
Tax Provision
-31.90
-14.24%
-27.92
-418.46%
8.77
-83.19%
52.15
Tax Rate For Calcs
0.00
-9.45%
0.00
+12.88%
0.00
+73.20%
0.00
Tax Effect Of Unusual Items
-1.16
-108.22%
14.13
+349.93%
-5.65
-389.26%
-1.16
Net Income Including Noncontrolling Interests
-85.87
-31.26%
-65.42
-369.16%
24.31
-91.59%
289.00
Net Income From Continuing Operation Net Minority Interest
-85.87
-31.26%
-65.42
-369.16%
24.31
-91.59%
289.00
Net Income From Continuing And Discontinued Operation
-85.87
-31.26%
-65.42
-369.16%
24.31
-91.59%
289.00
Net Income Continuous Operations
-85.87
-31.26%
-65.42
-369.16%
24.31
-91.59%
289.00
Normalized Income
-82.75
+16.01%
-98.52
-346.41%
39.98
-86.46%
295.40
Net Income Common Stockholders
-85.87
-31.26%
-65.42
-369.16%
24.31
-91.59%
289.00
Diluted EPS
-0.50
+12.28%
-0.57
-507.14%
0.14
-90.79%
1.52
Basic EPS
-0.50
-28.21%
-0.39
-378.57%
0.14
-91.46%
1.64
Basic Average Shares
170.13
+1.97%
166.84
-5.84%
177.18
+0.38%
176.52
Diluted Average Shares
170.13
+0.14%
169.88
-4.64%
178.15
-7.91%
193.45
Diluted NI Availto Com Stockholders
-85.87
+11.57%
-97.11
-499.50%
24.31
-91.72%
293.44
Average Dilution Earnings
0.00
+100.00%
-31.68
0.00
-100.00%
4.44
Gain On Sale Of PPE
—
—
—
-0.39
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
3,864.16
+65.59%
2,333.56
-0.12%
2,336.45
Current Assets
2,165.80
+110.00%
1,031.32
-8.83%
1,131.18
Cash Cash Equivalents And Short Term Investments
1,830.29
+115.11%
850.87
-14.73%
997.84
Cash And Cash Equivalents
1,166.01
+312.83%
282.44
+7.25%
263.35
Cash Equivalents
1,149.47
+309.72%
280.55
+7.67%
260.56
Cash Financial
16.54
+775.38%
1.89
-32.42%
2.79
Other Short Term Investments
664.27
+16.86%
568.43
-22.61%
734.49
Receivables
146.68
+133.14%
62.92
+108.60%
30.16
Accounts Receivable
14.64
-21.47%
18.64
+85.91%
10.03
Gross Accounts Receivable
14.64
-21.47%
18.64
+85.91%
10.03
Allowance For Doubtful Accounts Receivable
0.00
0.00
0.00
Other Receivables
131.04
+536.14%
20.60
+6.72%
19.30
Taxes Receivable
1.00
-95.76%
23.67
+2752.05%
0.83
Inventory
171.56
+58.99%
107.91
+13.37%
95.18
Raw Materials
56.49
+16.72%
48.40
+14.23%
42.37
Work In Process
51.65
+257.53%
14.45
-3.81%
15.02
Finished Goods
63.42
+40.75%
45.06
+19.23%
37.79
Prepaid Assets
—
—
—
Other Current Assets
17.27
+79.29%
9.63
+20.56%
7.99
Total Non Current Assets
1,698.36
+30.42%
1,302.24
+8.04%
1,205.28
Net PPE
1,383.03
+9.75%
1,260.18
+7.88%
1,168.12
Gross PPE
1,655.73
+14.05%
1,451.70
+13.17%
1,282.75
Accumulated Depreciation
-272.70
-42.38%
-191.53
-67.08%
-114.63
Land And Improvements
43.42
+1.48%
42.79
+57.95%
27.09
Buildings And Improvements
101.56
+4.75%
96.96
+5.16%
92.20
Machinery Furniture Equipment
756.20
+14.17%
662.33
+31.64%
503.14
Construction In Progress
302.94
+49.57%
202.54
-4.39%
211.85
Other Properties
13.21
+52.24%
8.68
-13.76%
10.06
Goodwill And Other Intangible Assets
6.17
-16.21%
7.37
-17.01%
8.88
Other Intangible Assets
6.17
-16.21%
7.37
-17.01%
8.88
Investments And Advances
—
—
9.67
Long Term Equity Investment
—
—
9.67
Other Non Current Assets
309.15
+791.19%
34.69
+22.69%
28.27
Total Liabilities Net Minority Interest
1,885.40
+47.45%
1,278.68
+31.73%
970.67
Current Liabilities
299.05
+82.33%
164.02
+51.10%
108.55
Payables And Accrued Expenses
131.74
+49.22%
88.29
-13.39%
101.93
Payables
38.76
+40.43%
27.60
-12.01%
31.37
Accounts Payable
36.66
+55.57%
23.56
-15.83%
28.00
Current Accrued Expenses
92.98
+53.21%
60.69
-14.00%
70.57
Total Tax Payable
2.10
-47.88%
4.04
+19.75%
3.37
Income Tax Payable
—
—
0.00
Current Debt And Capital Lease Obligation
67.41
—
—
Current Debt
67.41
—
—
Other Current Borrowings
—
—
—
Current Capital Lease Obligation
—
—
—
Current Deferred Liabilities
74.30
+30.63%
56.88
0.00
Current Deferred Revenue
74.30
+30.63%
56.88
0.00
Other Current Liabilities
25.60
+35.79%
18.85
+184.92%
6.62
Total Non Current Liabilities Net Minority Interest
1,586.35
+42.32%
1,114.66
+29.29%
862.12
Long Term Debt And Capital Lease Obligation
939.76
+2.76%
914.53
+32.77%
688.81
Long Term Debt
931.33
+2.49%
908.73
+33.25%
681.98
Long Term Capital Lease Obligation
8.43
+45.38%
5.80
-15.10%
6.83
Long Term Provisions
—
—
22.06
Non Current Deferred Liabilities
184.41
+5.97%
174.02
+17.40%
148.23
Non Current Deferred Revenue
105.99
+67.69%
63.21
+262.57%
17.43
Non Current Deferred Taxes Liabilities
78.42
-29.23%
110.81
-15.28%
130.79
Other Non Current Liabilities
48.58
+86.02%
26.11
+4.09%
25.09
Preferred Securities Outside Stock Equity
413.61
0.00
—
Stockholders Equity
1,978.76
+87.58%
1,054.88
-22.76%
1,365.78
Common Stock Equity
1,978.76
+87.58%
1,054.88
-22.76%
1,365.78
Capital Stock
0.02
+5.56%
0.02
+5.88%
0.02
Common Stock
0.02
+5.56%
0.02
+5.88%
0.02
Preferred Stock
0.00
0.00
0.00
Share Issued
192.61
+7.94%
178.45
+0.20%
178.08
Ordinary Shares Number
177.36
+8.68%
163.20
-8.36%
178.08
Treasury Shares Number
15.25
+0.00%
15.25
0.00
Additional Paid In Capital
1,970.97
+105.00%
961.43
-1.88%
979.89
Retained Earnings
234.43
-26.81%
320.30
-16.96%
385.73
Gains Losses Not Affecting Retained Earnings
0.39
+123.70%
0.17
+19.31%
0.14
Treasury Stock
227.05
+0.00%
227.05
0.00
Other Equity Adjustments
0.39
+123.70%
0.17
+19.31%
0.14
Total Equity Gross Minority Interest
1,978.76
+87.58%
1,054.88
-22.76%
1,365.78
Total Capitalization
2,910.09
+48.20%
1,963.61
-4.11%
2,047.76
Working Capital
1,866.75
+115.24%
867.30
-15.19%
1,022.63
Invested Capital
2,977.50
+51.63%
1,963.61
-4.11%
2,047.76
Total Debt
1,007.17
+10.13%
914.53
+32.77%
688.81
Net Debt
—
626.29
+49.60%
418.63
Capital Lease Obligations
8.43
+45.38%
5.80
-15.10%
6.83
Net Tangible Assets
1,972.58
+88.31%
1,047.51
-22.80%
1,356.90
Tangible Book Value
1,972.58
+88.31%
1,047.51
-22.80%
1,356.90
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-155.75
-1266.79%
13.35
-78.71%
62.70
-81.75%
343.51
Cash Flow From Continuing Operating Activities
-155.75
-1266.79%
13.35
-78.71%
62.70
-81.75%
343.51
Net Income From Continuing Operations
-85.87
-31.26%
-65.42
-369.16%
24.31
-91.59%
289.00
Depreciation Amortization Depletion
89.27
+14.36%
78.06
+40.12%
55.71
+203.49%
18.36
Other Non Cash Items
-1.67
-119.11%
8.74
+66.37%
5.25
+168.53%
-7.66
Stock Based Compensation
30.16
+30.11%
23.18
-8.14%
25.24
-20.59%
31.78
Asset Impairment Charge
3.04
-85.89%
21.53
+842.10%
2.29
0.00
Deferred Tax
-30.39
-9.43%
-27.77
-428.50%
8.46
-52.47%
17.79
Deferred Income Tax
-30.39
-9.43%
-27.77
-428.50%
8.46
-52.47%
17.79
Operating Gains Losses
—
-52.91
-6648.39%
0.81
+106.65%
0.39
Gain Loss On Sale Of PPE
—
—
0.81
+106.65%
0.39
Change In Working Capital
-136.20
-333.98%
58.21
+280.61%
-32.23
-866.08%
4.21
Change In Receivables
-83.77
-163.35%
-31.81
-591.18%
6.48
-59.40%
15.95
Changes In Account Receivables
4.00
+144.82%
-8.93
-138.61%
23.13
+27.43%
18.15
Change In Inventory
-115.02
-176.91%
-41.54
+11.81%
-47.10
-93.71%
-24.31
Change In Prepaid Assets
-8.96
-434.55%
-1.68
-191.99%
-0.57
+90.47%
-6.02
Change In Payables And Accrued Expense
9.75
+632.13%
1.33
+113.51%
-9.86
-150.14%
19.66
Change In Payable
9.75
+632.13%
1.33
+113.51%
-9.86
-150.14%
19.66
Change In Account Payable
9.39
+605.11%
1.33
-88.22%
11.30
+476.20%
1.96
Change In Other Working Capital
63.02
-39.93%
104.91
+448.70%
19.12
—
Change In Other Current Liabilities
-1.22
-104.52%
26.99
+9279.59%
-0.29
+72.55%
-1.07
Investing Cash Flow
-206.05
-2148.81%
10.06
-85.36%
68.70
+105.06%
-1,356.97
Cash Flow From Continuing Investing Activities
-206.05
-2148.81%
10.06
-85.36%
68.70
+105.06%
-1,356.97
Net PPE Purchase And Sale
-168.31
+9.71%
-186.42
+28.82%
-261.88
+19.82%
-326.60
Purchase Of PPE
-172.38
+7.53%
-186.42
+28.82%
-261.90
+19.81%
-326.60
Sale Of PPE
4.06
0.00
-100.00%
0.02
0.00
Capital Expenditure
-172.38
+7.53%
-186.42
+28.82%
-261.90
+19.81%
-326.60
Net Investment Purchase And Sale
-71.61
-136.47%
196.38
-41.80%
337.45
+132.59%
-1,035.51
Purchase Of Investment
-1,819.03
-16.01%
-1,567.98
-32.27%
-1,185.48
+57.35%
-2,779.67
Sale Of Investment
1,747.42
-0.96%
1,764.36
+15.85%
1,522.93
-12.68%
1,744.16
Net Business Purchase And Sale
9.67
0.00
+100.00%
-9.67
0.00
Purchase Of Business
0.00
0.00
+100.00%
-9.67
0.00
Net Other Investing Changes
24.20
+25108.33%
0.10
-96.57%
2.80
-45.42%
5.13
Financing Cash Flow
1,245.56
+26097.91%
-4.79
+51.69%
-9.92
+59.01%
-24.19
Cash Flow From Continuing Financing Activities
1,245.56
+26097.91%
-4.79
+51.69%
-9.92
+59.01%
-24.19
Net Issuance Payments Of Debt
55.40
-82.49%
316.37
+11680.12%
-2.73
+53.17%
-5.83
Issuance Of Debt
61.54
-91.77%
747.50
0.00
0.00
Repayment Of Debt
-6.14
+98.58%
-431.13
-15680.78%
-2.73
+53.17%
-5.83
Long Term Debt Issuance
61.54
-91.77%
747.50
0.00
0.00
Long Term Debt Payments
-6.14
+98.58%
-431.13
-15680.78%
-2.73
+53.17%
-5.83
Net Long Term Debt Issuance
55.40
-82.49%
316.37
+11680.12%
-2.73
+53.17%
-5.83
Net Common Stock Issuance
716.40
+418.30%
-225.07
0.00
0.00
Common Stock Payments
-31.10
+86.18%
-225.07
0.00
0.00
Repurchase Of Capital Stock
-31.10
+86.18%
-225.07
0.00
0.00
Proceeds From Stock Option Exercised
189.06
0.00
0.00
—
Net Other Financing Charges
-14.70
+84.70%
-96.09
-1237.40%
-7.18
+60.86%
-18.36
Changes In Cash
883.76
+4647.55%
18.61
-84.68%
121.48
+111.71%
-1,037.65
Beginning Cash Position
283.60
+7.02%
264.99
+84.65%
143.51
-87.85%
1,181.16
End Cash Position
1,167.36
+311.62%
283.60
+7.02%
264.99
+84.65%
143.51
Free Cash Flow
-328.13
-89.59%
-173.07
+13.12%
-199.20
-1277.36%
16.92
Interest Paid Supplemental Data
—
12.13
+488.98%
2.06
-1.77%
2.10
Income Tax Paid Supplemental Data
—
0.87
-95.67%
20.11
+6.60%
18.86
Amortization Of Securities
-24.09
+20.39%
-30.25
-14.97%
-26.32
-164.27%
-9.96
Change In Income Tax Payable
0.36
0.00
+100.00%
-21.16
-219.56%
17.70
Change In Tax Payable
0.36
0.00
+100.00%
-21.16
-219.56%
17.70
Common Stock Issuance
747.50
0.00
0.00
—
Issuance Of Capital Stock
1,046.90
0.00
0.00
—
Net Preferred Stock Issuance
299.40
0.00
0.00
—
Preferred Stock Issuance
299.40
0.00
0.00
—
Sale Of Business
9.67
0.00
0.00
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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