Symbols / MP
MP Chart
About
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. The company 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. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.
Fundamentals
Scroll to Statements| Sector | Basic Materials | Industry | Other Industrial Metals | Market Cap | 10.55B |
| Enterprise Value | 9.87B | Income | -117.64M | Sales | 232.74M |
| Book/sh | 11.09 | Cash/sh | 10.95 | Dividend Yield | — |
| Payout | 0.00% | Employees | 804 | IPO | — |
| P/E | — | Forward P/E | 114.59 | PEG | — |
| P/S | 45.34 | P/B | 5.37 | P/C | — |
| EV/EBITDA | -125.17 | EV/Sales | 42.39 | Quick Ratio | 7.46 |
| Current Ratio | 8.05 | Debt/Eq | 43.51 | LT Debt/Eq | — |
| EPS (ttm) | -0.70 | EPS next Y | 0.52 | EPS Growth | — |
| Revenue Growth | -14.90% | Earnings | 2026-02-26 | ROA | -3.40% |
| ROE | -6.83% | ROIC | — | Gross Margin | 11.49% |
| Oper. Margin | -108.41% | Profit Margin | -50.55% | Shs Outstand | 177.23M |
| Shs Float | 142.21M | Short Float | 15.15% | Short Ratio | 2.35 |
| Short Interest | — | 52W High | 100.25 | 52W Low | 18.64 |
| Beta | 1.56 | Avg Volume | 7.72M | Volume | 2.84M |
| Target Price | $78.86 | Recom | Strong_buy | Prev Close | $58.44 |
| Price | $59.54 | Change | 1.88% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$78.86
Mean price target
2. Current target
$59.58
Latest analyst target
3. DCF / Fair value
$-18.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$59.58
Low
$69.00
High
$94.00
Mean
$78.86
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 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 |
| 2025-07-07 | down | Jefferies | Buy → Hold | $33 |
News
RSS: Latest MP news- A Look At MP Materials (MP) Valuation As Rare Earth Prices Jump And DoD Support Increases - simplywall.st Wed, 25 Feb 2026 19
- What Should be Your Stance on MP Stock Ahead of Q4 Earnings? - Zacks Investment Research Mon, 23 Feb 2026 16
- MP Stock Is Tanking as Vance, Rubio Talk Critical Minerals - Barron's Wed, 04 Feb 2026 08
- Is MP Materials Stock a Buy Now? - The Motley Fool Wed, 11 Feb 2026 08
- Goldman Sachs Says MP Materials Stock Can Gain More Than 30% From Here. Should You Buy MP Stock? - Barchart.com Fri, 20 Feb 2026 15
- Can MP Materials Stock Beat the Market in 2026? - Nasdaq Sat, 31 Jan 2026 08
- Granite Investment Partners LLC Sells 377,624 Shares of MP Materials Corp. $MP - MarketBeat ue, 24 Feb 2026 11
- Is MP Materials (MP) Still Attractive After A 129.5% One Year Share Price Surge - Yahoo Finance ue, 24 Feb 2026 20
- Trump Wants a Critical Minerals Stockpile. What It Means for MP Stock. - Barron's Mon, 02 Feb 2026 08
- Is MP Materials (MP) Still Attractive After A 128% Yearly Surge And Recent Pullback - simplywall.st Sun, 22 Feb 2026 23
- Can MP Materials Stock Beat the Market in 2026? - The Motley Fool Sat, 31 Jan 2026 08
- Is MP Materials (MP) Share Price Justified After Rare Earth Supply Focus? - Yahoo Finance Wed, 04 Feb 2026 08
- Why MP Materials Stock Just Crashed - The Motley Fool hu, 29 Jan 2026 08
- MP Materials Keeps Its Perfect Buy Rating After Defense Deal - Barron's ue, 13 Jan 2026 08
- MP Materials Deepens Role In US Rare Earths And Magnet Supply - simplywall.st ue, 24 Feb 2026 03
Insider Transactions
No recent insider transactions.
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 14.12M | -5.65M | -1.16M | -59.35K |
| TaxRateForCalcs | 0.30 | 0.27 | 0.15 | 0.16 |
| NormalizedEBITDA | -39.51M | 115.37M | 372.85M | 193.86M |
| TotalUnusualItems | 47.23M | -21.33M | -7.55M | -378.00K |
| TotalUnusualItemsExcludingGoodwill | 47.23M | -21.33M | -7.55M | -378.00K |
| NetIncomeFromContinuingOperationNetMinorityInterest | -65.42M | 24.31M | 289.00M | 135.04M |
| ReconciledDepreciation | 78.06M | 55.71M | 18.36M | 24.38M |
| ReconciledCostOfRevenue | 270.64M | 148.42M | 110.57M | 100.64M |
| EBITDA | 7.72M | 94.04M | 365.29M | 193.48M |
| EBIT | -70.34M | 38.33M | 346.94M | 169.10M |
| NetInterestIncome | -23.01M | -5.25M | -5.79M | -8.90M |
| InterestExpense | 23.01M | 5.25M | 5.79M | 8.90M |
| NormalizedIncome | -98.53M | 39.98M | 295.40M | 135.36M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -65.42M | 24.31M | 289.00M | 135.04M |
| TotalExpenses | 367.60M | 249.83M | 192.55M | 166.23M |
| TotalOperatingIncomeAsReported | -169.43M | -17.72M | 327.41M | 165.34M |
| DilutedAverageShares | 169.88M | 178.15M | 193.45M | 189.84M |
| BasicAverageShares | 166.84M | 177.18M | 176.52M | 173.47M |
| DilutedEPS | -0.57 | 0.14 | 1.52 | 0.73 |
| BasicEPS | -0.39 | 0.14 | 1.64 | 0.78 |
| DilutedNIAvailtoComStockholders | -97.11M | 24.31M | 293.44M | 138.40M |
| AverageDilutionEarnings | -31.68M | 0.00 | 4.44M | 3.37M |
| NetIncomeCommonStockholders | -65.42M | 24.31M | 289.00M | 135.04M |
| NetIncome | -65.42M | 24.31M | 289.00M | 135.04M |
| NetIncomeIncludingNoncontrollingInterests | -65.42M | 24.31M | 289.00M | 135.04M |
| NetIncomeContinuousOperations | -65.42M | 24.31M | 289.00M | 135.04M |
| TaxProvision | -27.92M | 8.77M | 52.15M | 25.16M |
| PretaxIncome | -93.35M | 33.08M | 341.15M | 160.19M |
| OtherIncomeExpense | 93.41M | 34.72M | 11.98M | 3.38M |
| OtherNonOperatingIncomeExpenses | 46.18M | 56.05M | 19.53M | 3.75M |
| SpecialIncomeCharges | 47.23M | -21.33M | -7.55M | -378.00K |
| GainOnSaleOfPPE | -391.00K | -569.00K | ||
| OtherSpecialCharges | -47.23M | 21.33M | 7.55M | 378.00K |
| WriteOff | 0.00 | 1.81M | ||
| NetNonOperatingInterestIncomeExpense | -23.01M | -5.25M | -5.79M | -8.90M |
| InterestExpenseNonOperating | 23.01M | 5.25M | 5.79M | 8.90M |
| OperatingIncome | -163.74M | 3.61M | 334.96M | 165.72M |
| OperatingExpense | 96.95M | 101.41M | 81.97M | 65.59M |
| OtherOperatingExpenses | 4.35M | 7.23M | 1.87M | 4.75M |
| ResearchAndDevelopment | 9.31M | 14.93M | 4.25M | 4.20M |
| SellingGeneralAndAdministration | 83.30M | 79.25M | 75.86M | 56.65M |
| GeneralAndAdministrativeExpense | 75.84M | 57.22M | ||
| OtherGandA | 75.84M | 57.22M | ||
| GrossProfit | -66.79M | 105.02M | 416.94M | 231.32M |
| CostOfRevenue | 270.64M | 148.42M | 110.57M | 100.64M |
| TotalRevenue | 203.85M | 253.44M | 527.51M | 331.95M |
| OperatingRevenue | 202.12M | 253.16M | 517.27M | 328.56M |
| Line Item | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| TreasurySharesNumber | 15.25M | 0.00 | ||
| OrdinarySharesNumber | 163.20M | 178.08M | 177.71M | 177.82M |
| ShareIssued | 178.45M | 178.08M | 177.71M | 177.82M |
| NetDebt | 626.29M | 418.63M | 541.82M | |
| TotalDebt | 914.53M | 688.81M | 678.46M | 691.01M |
| TangibleBookValue | 1.05B | 1.36B | 1.31B | 1.01B |
| InvestedCapital | 1.96B | 2.05B | 1.99B | 1.70B |
| WorkingCapital | 867.30M | 1.02B | 1.20B | 1.22B |
| NetTangibleAssets | 1.05B | 1.36B | 1.31B | 1.01B |
| CapitalLeaseObligations | 5.80M | 6.83M | 15.00K | 808.00K |
| CommonStockEquity | 1.05B | 1.37B | 1.31B | 1.01B |
| TotalCapitalization | 1.96B | 2.05B | 1.99B | 1.68B |
| TotalEquityGrossMinorityInterest | 1.05B | 1.37B | 1.31B | 1.01B |
| StockholdersEquity | 1.05B | 1.37B | 1.31B | 1.01B |
| GainsLossesNotAffectingRetainedEarnings | 173.00K | 145.00K | 189.00K | 0.00 |
| OtherEquityAdjustments | 173.00K | 145.00K | 189.00K | |
| TreasuryStock | 227.05M | 0.00 | ||
| RetainedEarnings | 320.30M | 385.73M | 361.42M | 72.42M |
| AdditionalPaidInCapital | 961.43M | 979.89M | 951.01M | 936.30M |
| CapitalStock | 18.00K | 17.00K | 18.00K | 18.00K |
| CommonStock | 18.00K | 17.00K | 18.00K | 18.00K |
| PreferredStock | 0.00 | 0.00 | 0.00 | 0.00 |
| TotalLiabilitiesNetMinorityInterest | 1.28B | 970.67M | 925.15M | 880.93M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 1.11B | 862.12M | 827.67M | 821.39M |
| OtherNonCurrentLiabilities | 26.11M | 25.09M | 4.99M | 7.75M |
| NonCurrentDeferredLiabilities | 174.02M | 148.23M | 122.35M | 104.50M |
| NonCurrentDeferredRevenue | 63.21M | 17.43M | 0.00 | |
| NonCurrentDeferredTaxesLiabilities | 110.81M | 130.79M | 122.35M | 104.50M |
| LongTermDebtAndCapitalLeaseObligation | 914.53M | 688.81M | 678.46M | 674.93M |
| LongTermCapitalLeaseObligation | 5.80M | 6.83M | 15.00K | 554.00K |
| LongTermDebt | 908.73M | 681.98M | 678.44M | 674.93M |
| LongTermProvisions | 22.06M | 21.88M | 34.21M | |
| CurrentLiabilities | 164.02M | 108.55M | 97.48M | 59.54M |
| OtherCurrentLiabilities | 18.85M | 6.62M | 4.05M | 4.26M |
| CurrentDeferredLiabilities | 56.88M | 0.00 | ||
| CurrentDeferredRevenue | 56.88M | 0.00 | ||
| CurrentDebtAndCapitalLeaseObligation | 16.08M | |||
| CurrentCapitalLeaseObligation | 254.00K | |||
| CurrentDebt | 16.08M | |||
| OtherCurrentBorrowings | 16.08M | |||
| PayablesAndAccruedExpenses | 88.29M | 101.93M | 93.43M | 39.20M |
| CurrentAccruedExpenses | 60.69M | 70.57M | 56.94M | |
| Payables | 27.60M | 31.37M | 36.49M | 39.20M |
| TotalTaxPayable | 4.04M | 3.37M | 21.16M | 3.46M |
| IncomeTaxPayable | 0.00 | 21.16M | 3.46M | |
| AccountsPayable | 23.56M | 28.00M | 15.33M | 35.73M |
| TotalAssets | 2.33B | 2.34B | 2.24B | 1.89B |
| TotalNonCurrentAssets | 1.30B | 1.21B | 943.96M | 612.86M |
| OtherNonCurrentAssets | 34.69M | 28.27M | 8.03M | 2.25M |
| InvestmentsAndAdvances | 9.67M | 0.00 | ||
| LongTermEquityInvestment | 9.67M | 0.00 | ||
| GoodwillAndOtherIntangibleAssets | 7.37M | 8.88M | 89.00K | |
| OtherIntangibleAssets | 7.37M | 8.88M | 89.00K | |
| NetPPE | 1.26B | 1.17B | 935.84M | 610.61M |
| AccumulatedDepreciation | -191.53M | -114.63M | -58.73M | -39.63M |
| GrossPPE | 1.45B | 1.28B | 994.58M | 650.24M |
| ConstructionInProgress | 202.54M | 211.85M | 338.48M | 134.33M |
| OtherProperties | 8.68M | 10.06M | 99.00K | 650.24M |
| MachineryFurnitureEquipment | 662.33M | 503.14M | 186.39M | 61.82M |
| BuildingsAndImprovements | 96.96M | 92.20M | 15.11M | 8.79M |
| LandAndImprovements | 42.79M | 27.09M | 16.10M | 7.92M |
| CurrentAssets | 1.03B | 1.13B | 1.29B | 1.28B |
| OtherCurrentAssets | 10.20M | 7.99M | 21.07M | 7.81M |
| PrepaidAssets | 7.81M | |||
| Inventory | 107.91M | 95.18M | 57.55M | 38.69M |
| FinishedGoods | 45.06M | 37.79M | 27.25M | 2.41M |
| WorkInProcess | 14.45M | 15.02M | 1.71M | 25.57M |
| RawMaterials | 48.40M | 42.37M | 28.59M | 10.71M |
| Receivables | 62.34M | 30.16M | 32.86M | 51.01M |
| OtherReceivables | 19.80M | 19.30M | ||
| TaxesReceivable | 23.67M | 830.00K | 2.20M | 0.00 |
| AccountsReceivable | 18.87M | 10.03M | 32.86M | 51.01M |
| AllowanceForDoubtfulAccountsReceivable | 0.00 | 0.00 | ||
| GrossAccountsReceivable | 18.87M | 10.03M | ||
| CashCashEquivalentsAndShortTermInvestments | 850.87M | 997.84M | 1.18B | 1.18B |
| OtherShortTermInvestments | 568.43M | 734.49M | 1.05B | 0.00 |
| CashAndCashEquivalents | 282.44M | 263.35M | 136.63M | 1.18B |
| CashEquivalents | 280.55M | 260.56M | ||
| CashFinancial | 1.89M | 2.79M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -173.07M | -199.20M | 16.92M | -21.90M |
| RepurchaseOfCapitalStock | -225.07M | 0.00 | 0.00 | |
| RepaymentOfDebt | -431.13M | -2.73M | -5.83M | -2.44M |
| IssuanceOfDebt | 747.50M | 0.00 | 0.00 | 690.00M |
| CapitalExpenditure | -186.42M | -261.90M | -326.60M | -123.87M |
| InterestPaidSupplementalData | 12.13M | 2.06M | 2.10M | 1.20M |
| IncomeTaxPaidSupplementalData | 870.00K | 22.17M | 18.86M | 4.17M |
| EndCashPosition | 283.60M | 264.99M | 143.51M | 1.18B |
| BeginningCashPosition | 264.99M | 143.51M | 1.18B | 532.44M |
| ChangesInCash | 18.61M | 121.48M | -1.04B | 648.72M |
| FinancingCashFlow | -4.79M | -9.92M | -24.19M | 666.11M |
| CashFlowFromContinuingFinancingActivities | -4.79M | -9.92M | -24.19M | 666.11M |
| NetOtherFinancingCharges | -96.09M | -7.18M | -18.36M | -21.46M |
| NetCommonStockIssuance | -225.07M | 0.00 | 0.00 | |
| CommonStockPayments | -225.07M | 0.00 | 0.00 | |
| NetIssuancePaymentsOfDebt | 316.37M | -2.73M | -5.83M | 687.57M |
| NetLongTermDebtIssuance | 316.37M | -2.73M | -5.83M | 687.57M |
| LongTermDebtPayments | -431.13M | -2.73M | -5.83M | -2.44M |
| LongTermDebtIssuance | 747.50M | 0.00 | 0.00 | 690.00M |
| InvestingCashFlow | 10.06M | 68.70M | -1.36B | -119.36M |
| CashFlowFromContinuingInvestingActivities | 10.06M | 68.70M | -1.36B | -119.36M |
| NetOtherInvestingChanges | 96.00K | 2.80M | 5.13M | 4.38M |
| NetInvestmentPurchaseAndSale | 196.38M | 337.45M | -1.04B | 0.00 |
| SaleOfInvestment | 1.76B | 1.52B | 1.74B | 0.00 |
| PurchaseOfInvestment | -1.57B | -1.19B | -2.78B | 0.00 |
| NetBusinessPurchaseAndSale | 0.00 | -9.67M | 0.00 | 0.00 |
| PurchaseOfBusiness | 0.00 | -9.67M | 0.00 | 0.00 |
| NetPPEPurchaseAndSale | -186.42M | -261.88M | -326.60M | -123.75M |
| SaleOfPPE | 0.00 | 18.00K | 0.00 | 125.00K |
| PurchaseOfPPE | -186.42M | -261.90M | -326.60M | -123.87M |
| OperatingCashFlow | 13.35M | 62.70M | 343.51M | 101.97M |
| CashFlowFromContinuingOperatingActivities | 13.35M | 62.70M | 343.51M | 101.97M |
| ChangeInWorkingCapital | 58.21M | -32.23M | 4.21M | -51.71M |
| ChangeInOtherWorkingCapital | 104.91M | 19.12M | 17.43M | |
| ChangeInOtherCurrentLiabilities | 26.99M | -294.00K | -1.07M | -902.00K |
| ChangeInPayablesAndAccruedExpense | 1.33M | -9.86M | 19.66M | 8.99M |
| ChangeInPayable | 1.33M | -9.86M | 19.66M | 8.99M |
| ChangeInAccountPayable | 1.33M | 11.30M | 1.96M | 5.53M |
| ChangeInTaxPayable | 0.00 | -21.16M | 17.70M | 3.46M |
| ChangeInIncomeTaxPayable | 0.00 | -21.16M | 17.70M | 3.46M |
| ChangeInPrepaidAssets | -1.30M | 1.01M | -6.02M | -4.15M |
| ChangeInInventory | -41.54M | -47.10M | -24.31M | -8.23M |
| ChangeInReceivables | -32.18M | 4.90M | 15.95M | -47.42M |
| ChangesInAccountReceivables | -8.85M | 22.83M | 18.15M | -47.42M |
| OtherNonCashItems | 8.74M | 5.25M | -7.66M | -45.07M |
| StockBasedCompensation | 23.18M | 25.24M | 31.78M | 22.93M |
| AssetImpairmentCharge | 21.53M | 2.29M | 0.00 | 1.81M |
| AmortizationOfSecurities | -30.25M | -26.32M | -9.96M | 0.00 |
| DeferredTax | -27.77M | 8.46M | 17.79M | 17.43M |
| DeferredIncomeTax | -27.77M | 8.46M | 17.79M | 17.43M |
| DepreciationAmortizationDepletion | 78.06M | 55.71M | 18.36M | 24.38M |
| OperatingGainsLosses | -52.91M | 808.00K | 391.00K | -2.83M |
| GainLossOnSaleOfPPE | 808.00K | 391.00K | 569.00K | |
| NetIncomeFromContinuingOperations | -65.42M | 24.31M | 289.00M | 135.04M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for MP
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|