Symbols / MP $59.30 -0.10%
MP Chart
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.
Fundamentals
Scroll to Statements| Sector | Basic Materials | Industry | Other Industrial Metals | Market Cap | 10.54B |
| Enterprise Value | 10.16B | Income | -85.87M | Sales | 275.46M |
| Book/sh | 11.16 | Cash/sh | 10.30 | Dividend Yield | — |
| Payout | 0.00% | Employees | 998 | IPO | — |
| P/E | — | Forward P/E | 46.29 | PEG | — |
| P/S | 38.25 | P/B | 5.32 | P/C | — |
| EV/EBITDA | -180.53 | EV/Sales | 36.90 | Quick Ratio | 6.66 |
| Current Ratio | 7.30 | Debt/Eq | 43.25 | LT Debt/Eq | — |
| EPS (ttm) | -0.50 | EPS next Y | 1.28 | EPS Growth | — |
| Revenue Growth | 70.00% | Earnings | 2026-05-07 | ROA | -2.94% |
| ROE | -4.98% | ROIC | — | Gross Margin | 30.01% |
| Oper. Margin | -20.30% | Profit Margin | -31.18% | Shs Outstand | 177.67M |
| Shs Float | 142.64M | Short Float | 14.37% | Short Ratio | 3.31 |
| Short Interest | — | 52W High | 100.25 | 52W Low | 18.64 |
| Beta | 1.62 | Avg Volume | 7.53M | Volume | 3.65M |
| Target Price | $78.50 | Recom | Strong_buy | Prev Close | $59.36 |
| Price | $59.30 | Change | -0.10% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$78.50
Mean price target
2. Current target
$59.30
Latest analyst target
3. DCF / Fair value
$-25.32
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$59.30
Low
$65.00
High
$94.00
Mean
$78.50
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 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 |
| 2025-07-16 | main | Canaccord Genuity | Buy → Buy | $64 |
| 2025-07-11 | main | Canaccord Genuity | Buy → Buy | $55 |
News
RSS: Latest MP news- Where Will MP Materials Stock Be in 5 Years? - The Motley Fool ue, 17 Mar 2026 13
- Where Will MP Materials Stock Be in 5 Years? - AOL.com ue, 17 Mar 2026 12
- MP Materials Stock Drops After Earnings Beat. It’s Added to the Rare-Earths Drama. - Barron's Fri, 27 Feb 2026 08
- MP Materials Corp. $MP Shares Sold by Bank of Nova Scotia - MarketBeat ue, 17 Mar 2026 07
- MP Materials: Commodities Might Be Rallying, But I’m Still Not Buying The Stock (NYSE:MP) - Seeking Alpha Mon, 16 Mar 2026 22
- MP Materials Trades at a Premium: Buy, Sell or Hold the Stock? - Zacks Investment Research Fri, 13 Mar 2026 16
- MP Materials Trades at a Premium: Buy, Sell or Hold the Stock? - TradingView Fri, 13 Mar 2026 17
- MP Materials Corp (MP) Stock Price Down 3.4% on Mar 13 - GuruFocus Fri, 13 Mar 2026 17
- [144] MP Materials Corp. / DE SEC Filing - Stock Titan Mon, 16 Mar 2026 20
- 3 Reasons MP Materials Stock Is a Buy in 2026 - The Motley Fool Sat, 14 Mar 2026 01
- The Defense Stock You’ve Never Heard Of: Why MP Materials Is a Buy - 24/7 Wall St. Mon, 09 Mar 2026 07
- Malaysia Graft Chief Alleged to Hold Millions in Shares, MP Says - Bloomberg.com Sat, 14 Mar 2026 14
- What Should be Your Stance on MP Stock Ahead of Q4 Earnings? - Yahoo Finance Mon, 23 Feb 2026 08
- MP Materials (NYSE:MP) Stock Price Up 3.7% - Time to Buy? - MarketBeat Mon, 16 Mar 2026 21
- Lynas Stock: U.S. Makes Another Rare-Earths Deal, but Threat of Shortages Persists - Barron's Mon, 16 Mar 2026 20
Insider Transactions
No recent insider transactions.
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -1.16M | 14.13M | -5.65M | -1.16M |
| TaxRateForCalcs | 0.27 | 0.30 | 0.27 | 0.15 |
| NormalizedEBITDA | 7.26M | -39.51M | 115.37M | 372.85M |
| TotalUnusualItems | -4.29M | 47.23M | -21.33M | -7.55M |
| TotalUnusualItemsExcludingGoodwill | -4.29M | 47.23M | -21.33M | -7.55M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -85.87M | -65.42M | 24.31M | 289.00M |
| ReconciledDepreciation | 89.27M | 78.06M | 55.71M | 18.36M |
| ReconciledCostOfRevenue | 282.06M | 270.64M | 148.42M | 110.57M |
| EBITDA | 2.97M | 7.72M | 94.04M | 365.29M |
| EBIT | -86.29M | -70.34M | 38.33M | 346.94M |
| NetInterestIncome | -31.48M | -23.01M | -5.25M | -5.79M |
| InterestExpense | 31.48M | 23.01M | 5.25M | 5.79M |
| NormalizedIncome | -82.75M | -98.52M | 39.98M | 295.40M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -85.87M | -65.42M | 24.31M | 289.00M |
| TotalExpenses | 369.53M | 367.60M | 249.83M | 192.55M |
| TotalOperatingIncomeAsReported | -149.37M | -169.43M | -17.72M | 327.41M |
| DilutedAverageShares | 170.13M | 169.88M | 178.15M | 193.45M |
| BasicAverageShares | 170.13M | 166.84M | 177.18M | 176.52M |
| DilutedEPS | -0.50 | -0.57 | 0.14 | 1.52 |
| BasicEPS | -0.50 | -0.39 | 0.14 | 1.64 |
| DilutedNIAvailtoComStockholders | -85.87M | -97.11M | 24.31M | 293.44M |
| AverageDilutionEarnings | 0.00 | -31.68M | 0.00 | 4.44M |
| NetIncomeCommonStockholders | -85.87M | -65.42M | 24.31M | 289.00M |
| NetIncome | -85.87M | -65.42M | 24.31M | 289.00M |
| NetIncomeIncludingNoncontrollingInterests | -85.87M | -65.42M | 24.31M | 289.00M |
| NetIncomeContinuousOperations | -85.87M | -65.42M | 24.31M | 289.00M |
| TaxProvision | -31.90M | -27.92M | 8.77M | 52.15M |
| PretaxIncome | -117.77M | -93.35M | 33.08M | 341.15M |
| OtherIncomeExpense | 58.80M | 93.41M | 34.72M | 11.98M |
| OtherNonOperatingIncomeExpenses | 63.08M | 46.18M | 56.05M | 19.53M |
| SpecialIncomeCharges | -4.29M | 47.23M | -21.33M | -7.55M |
| GainOnSaleOfPPE | -391.00K | -569.00K | ||
| OtherSpecialCharges | 4.29M | -47.23M | 21.33M | 7.55M |
| WriteOff | 0.00 | 1.81M | ||
| NetNonOperatingInterestIncomeExpense | -31.48M | -23.01M | -5.25M | -5.79M |
| InterestExpenseNonOperating | 31.48M | 23.01M | 5.25M | 5.79M |
| OperatingIncome | -145.09M | -163.74M | 3.61M | 334.96M |
| OperatingExpense | 87.47M | 96.95M | 101.41M | 81.97M |
| OtherOperatingExpenses | -48.80M | 4.35M | 7.23M | 1.87M |
| ResearchAndDevelopment | 24.21M | 9.31M | 14.93M | 4.25M |
| SellingGeneralAndAdministration | 112.07M | 83.30M | 79.25M | 75.86M |
| GeneralAndAdministrativeExpense | 75.84M | 57.22M | ||
| OtherGandA | 75.84M | 57.22M | ||
| GrossProfit | -57.62M | -66.79M | 105.02M | 416.94M |
| CostOfRevenue | 282.06M | 270.64M | 148.42M | 110.57M |
| TotalRevenue | 224.44M | 203.85M | 253.44M | 527.51M |
| OperatingRevenue | 224.44M | 203.85M | 253.44M | 517.27M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| TreasurySharesNumber | 15.25M | 15.25M | 0.00 | |
| OrdinarySharesNumber | 177.36M | 163.20M | 178.08M | 177.71M |
| ShareIssued | 192.61M | 178.45M | 178.08M | 177.71M |
| NetDebt | 626.29M | 418.63M | 541.82M | |
| TotalDebt | 1.01B | 914.53M | 688.81M | 678.46M |
| TangibleBookValue | 1.97B | 1.05B | 1.36B | 1.31B |
| InvestedCapital | 2.98B | 1.96B | 2.05B | 1.99B |
| WorkingCapital | 1.87B | 867.30M | 1.02B | 1.20B |
| NetTangibleAssets | 1.97B | 1.05B | 1.36B | 1.31B |
| CapitalLeaseObligations | 8.43M | 5.80M | 6.83M | 15.00K |
| CommonStockEquity | 1.98B | 1.05B | 1.37B | 1.31B |
| TotalCapitalization | 2.91B | 1.96B | 2.05B | 1.99B |
| TotalEquityGrossMinorityInterest | 1.98B | 1.05B | 1.37B | 1.31B |
| StockholdersEquity | 1.98B | 1.05B | 1.37B | 1.31B |
| GainsLossesNotAffectingRetainedEarnings | 387.00K | 173.00K | 145.00K | 189.00K |
| OtherEquityAdjustments | 387.00K | 173.00K | 145.00K | 189.00K |
| TreasuryStock | 227.05M | 227.05M | 0.00 | |
| RetainedEarnings | 234.43M | 320.30M | 385.73M | 361.42M |
| AdditionalPaidInCapital | 1.97B | 961.43M | 979.89M | 951.01M |
| CapitalStock | 19.00K | 18.00K | 17.00K | 18.00K |
| CommonStock | 19.00K | 18.00K | 17.00K | 18.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 1.89B | 1.28B | 970.67M | 925.15M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 1.59B | 1.11B | 862.12M | 827.67M |
| OtherNonCurrentLiabilities | 48.58M | 26.11M | 25.09M | 4.99M |
| PreferredSecuritiesOutsideStockEquity | 413.61M | 0.00 | ||
| NonCurrentDeferredLiabilities | 184.41M | 174.02M | 148.23M | 122.35M |
| NonCurrentDeferredRevenue | 105.99M | 63.21M | 17.43M | 0.00 |
| NonCurrentDeferredTaxesLiabilities | 78.42M | 110.81M | 130.79M | 122.35M |
| LongTermDebtAndCapitalLeaseObligation | 939.76M | 914.53M | 688.81M | 678.46M |
| LongTermCapitalLeaseObligation | 8.43M | 5.80M | 6.83M | 15.00K |
| LongTermDebt | 931.33M | 908.73M | 681.98M | 678.44M |
| LongTermProvisions | 22.06M | 21.88M | 34.21M | |
| CurrentLiabilities | 299.05M | 164.02M | 108.55M | 97.48M |
| OtherCurrentLiabilities | 25.60M | 18.85M | 6.62M | 4.05M |
| CurrentDeferredLiabilities | 74.30M | 56.88M | 0.00 | |
| CurrentDeferredRevenue | 74.30M | 56.88M | 0.00 | |
| CurrentDebtAndCapitalLeaseObligation | 67.41M | 16.08M | ||
| CurrentCapitalLeaseObligation | 254.00K | |||
| CurrentDebt | 67.41M | 16.08M | ||
| OtherCurrentBorrowings | 16.08M | |||
| PayablesAndAccruedExpenses | 131.74M | 88.29M | 101.93M | 93.43M |
| CurrentAccruedExpenses | 92.98M | 60.69M | 70.57M | 56.94M |
| Payables | 38.76M | 27.60M | 31.37M | 36.49M |
| TotalTaxPayable | 2.10M | 4.04M | 3.37M | 21.16M |
| IncomeTaxPayable | 0.00 | 21.16M | 3.46M | |
| AccountsPayable | 36.66M | 23.56M | 28.00M | 15.33M |
| TotalAssets | 3.86B | 2.33B | 2.34B | 2.24B |
| TotalNonCurrentAssets | 1.70B | 1.30B | 1.21B | 943.96M |
| OtherNonCurrentAssets | 309.15M | 34.69M | 28.27M | 8.03M |
| InvestmentsAndAdvances | 9.67M | 0.00 | ||
| LongTermEquityInvestment | 9.67M | 0.00 | ||
| GoodwillAndOtherIntangibleAssets | 6.17M | 7.37M | 8.88M | 89.00K |
| OtherIntangibleAssets | 6.17M | 7.37M | 8.88M | 89.00K |
| NetPPE | 1.38B | 1.26B | 1.17B | 935.84M |
| AccumulatedDepreciation | -272.70M | -191.53M | -114.63M | -58.73M |
| GrossPPE | 1.66B | 1.45B | 1.28B | 994.58M |
| ConstructionInProgress | 302.94M | 202.54M | 211.85M | 338.48M |
| OtherProperties | 13.21M | 8.68M | 10.06M | 99.00K |
| MachineryFurnitureEquipment | 756.20M | 662.33M | 503.14M | 186.39M |
| BuildingsAndImprovements | 101.56M | 96.96M | 92.20M | 15.11M |
| LandAndImprovements | 43.42M | 42.79M | 27.09M | 16.10M |
| CurrentAssets | 2.17B | 1.03B | 1.13B | 1.29B |
| OtherCurrentAssets | 17.27M | 9.63M | 7.99M | 21.07M |
| PrepaidAssets | 7.81M | |||
| Inventory | 171.56M | 107.91M | 95.18M | 57.55M |
| FinishedGoods | 63.42M | 45.06M | 37.79M | 27.25M |
| WorkInProcess | 51.65M | 14.45M | 15.02M | 1.71M |
| RawMaterials | 56.49M | 48.40M | 42.37M | 28.59M |
| Receivables | 146.68M | 62.92M | 30.16M | 32.86M |
| OtherReceivables | 131.04M | 20.60M | 19.30M | |
| TaxesReceivable | 1.00M | 23.67M | 830.00K | 2.20M |
| AccountsReceivable | 14.64M | 18.64M | 10.03M | 32.86M |
| AllowanceForDoubtfulAccountsReceivable | 0.00 | 0.00 | 0.00 | |
| GrossAccountsReceivable | 14.64M | 18.64M | 10.03M | |
| CashCashEquivalentsAndShortTermInvestments | 1.83B | 850.87M | 997.84M | 1.18B |
| OtherShortTermInvestments | 664.27M | 568.43M | 734.49M | 1.05B |
| CashAndCashEquivalents | 1.17B | 282.44M | 263.35M | 136.63M |
| CashEquivalents | 1.15B | 280.55M | 260.56M | |
| CashFinancial | 16.54M | 1.89M | 2.79M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -328.13M | -173.07M | -199.20M | 16.92M |
| RepurchaseOfCapitalStock | -31.10M | -225.07M | 0.00 | 0.00 |
| RepaymentOfDebt | -6.14M | -431.13M | -2.73M | -5.83M |
| IssuanceOfDebt | 61.54M | 747.50M | 0.00 | 0.00 |
| IssuanceOfCapitalStock | 1.05B | 0.00 | 0.00 | |
| CapitalExpenditure | -172.38M | -186.42M | -261.90M | -326.60M |
| InterestPaidSupplementalData | 12.13M | 2.06M | 2.10M | 1.20M |
| IncomeTaxPaidSupplementalData | 870.00K | 20.11M | 18.86M | 4.17M |
| EndCashPosition | 1.17B | 283.60M | 264.99M | 143.51M |
| BeginningCashPosition | 283.60M | 264.99M | 143.51M | 1.18B |
| ChangesInCash | 883.76M | 18.61M | 121.48M | -1.04B |
| FinancingCashFlow | 1.25B | -4.79M | -9.92M | -24.19M |
| CashFlowFromContinuingFinancingActivities | 1.25B | -4.79M | -9.92M | -24.19M |
| NetOtherFinancingCharges | -14.70M | -96.09M | -7.18M | -18.36M |
| ProceedsFromStockOptionExercised | 189.06M | 0.00 | 0.00 | |
| NetPreferredStockIssuance | 299.40M | 0.00 | 0.00 | |
| PreferredStockIssuance | 299.40M | 0.00 | 0.00 | |
| NetCommonStockIssuance | 716.40M | -225.07M | 0.00 | 0.00 |
| CommonStockPayments | -31.10M | -225.07M | 0.00 | 0.00 |
| CommonStockIssuance | 747.50M | 0.00 | 0.00 | |
| NetIssuancePaymentsOfDebt | 55.40M | 316.37M | -2.73M | -5.83M |
| NetLongTermDebtIssuance | 55.40M | 316.37M | -2.73M | -5.83M |
| LongTermDebtPayments | -6.14M | -431.13M | -2.73M | -5.83M |
| LongTermDebtIssuance | 61.54M | 747.50M | 0.00 | 0.00 |
| InvestingCashFlow | -206.05M | 10.06M | 68.70M | -1.36B |
| CashFlowFromContinuingInvestingActivities | -206.05M | 10.06M | 68.70M | -1.36B |
| NetOtherInvestingChanges | 24.20M | 96.00K | 2.80M | 5.13M |
| NetInvestmentPurchaseAndSale | -71.61M | 196.38M | 337.45M | -1.04B |
| SaleOfInvestment | 1.75B | 1.76B | 1.52B | 1.74B |
| PurchaseOfInvestment | -1.82B | -1.57B | -1.19B | -2.78B |
| NetBusinessPurchaseAndSale | 9.67M | 0.00 | -9.67M | 0.00 |
| SaleOfBusiness | 9.67M | 0.00 | 0.00 | |
| PurchaseOfBusiness | 0.00 | 0.00 | -9.67M | 0.00 |
| NetPPEPurchaseAndSale | -168.31M | -186.42M | -261.88M | -326.60M |
| SaleOfPPE | 4.06M | 0.00 | 18.00K | 0.00 |
| PurchaseOfPPE | -172.38M | -186.42M | -261.90M | -326.60M |
| OperatingCashFlow | -155.75M | 13.35M | 62.70M | 343.51M |
| CashFlowFromContinuingOperatingActivities | -155.75M | 13.35M | 62.70M | 343.51M |
| ChangeInWorkingCapital | -136.20M | 58.21M | -32.23M | 4.21M |
| ChangeInOtherWorkingCapital | 63.02M | 104.91M | 19.12M | 17.43M |
| ChangeInOtherCurrentLiabilities | -1.22M | 26.99M | -294.00K | -1.07M |
| ChangeInPayablesAndAccruedExpense | 9.75M | 1.33M | -9.86M | 19.66M |
| ChangeInPayable | 9.75M | 1.33M | -9.86M | 19.66M |
| ChangeInAccountPayable | 9.39M | 1.33M | 11.30M | 1.96M |
| ChangeInTaxPayable | 360.00K | 0.00 | -21.16M | 17.70M |
| ChangeInIncomeTaxPayable | 360.00K | 0.00 | -21.16M | 17.70M |
| ChangeInPrepaidAssets | -8.96M | -1.68M | -574.00K | -6.02M |
| ChangeInInventory | -115.02M | -41.54M | -47.10M | -24.31M |
| ChangeInReceivables | -83.77M | -31.81M | 6.48M | 15.95M |
| ChangesInAccountReceivables | 4.00M | -8.93M | 23.13M | 18.15M |
| OtherNonCashItems | -1.67M | 8.74M | 5.25M | -7.66M |
| StockBasedCompensation | 30.16M | 23.18M | 25.24M | 31.78M |
| AssetImpairmentCharge | 3.04M | 21.53M | 2.29M | 0.00 |
| AmortizationOfSecurities | -24.09M | -30.25M | -26.32M | -9.96M |
| DeferredTax | -30.39M | -27.77M | 8.46M | 17.79M |
| DeferredIncomeTax | -30.39M | -27.77M | 8.46M | 17.79M |
| DepreciationAmortizationDepletion | 89.27M | 78.06M | 55.71M | 18.36M |
| OperatingGainsLosses | -52.91M | 808.00K | 391.00K | -2.83M |
| GainLossOnSaleOfPPE | 808.00K | 391.00K | 569.00K | |
| NetIncomeFromContinuingOperations | -85.87M | -65.42M | 24.31M | 289.00M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for MP
| Date | User | Broker | Pattern | Type | Position Size | Entry Price | Trade P&L | Status |
|---|