MP Materials Corp. / DE financials
Source: EDGAR filings · Built 2026-06-02T03:34:42Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -328.13M | -173.07M | -199.20M | 16.92M | -22.18M | -19.34M |
| EBITDA | -60.11M | -91.37M | 37.99M | 345.77M | 189.73M | -27.77M |
| Working Capital | 1.87B | 867.30M | 1.02B | 1.20B | 1.22B | 517.99M |
| Net Debt | -155.63M | 633.89M | 427.00M | 542.51M | -503.20M | -514.17M |
| Operating Margin | -66.55% | -83.11% | -6.99% | 62.07% | 49.81% | -25.84% |
| Net Margin | -38.26% | -32.09% | 9.59% | 54.79% | 40.68% | -16.25% |
| Return on Equity (ROE) | -4.34% | -6.20% | 1.78% | 22.02% | 13.39% | -2.56% |
| Return on Assets (ROA) | -2.22% | -2.80% | 1.04% | 12.91% | 7.15% | -2.03% |
| Current Ratio | 7.24× | 6.29× | 10.42× | 13.27× | 21.44× | 13.03× |
| Debt-to-Equity | 0.51× | 0.87× | 0.51× | 0.52× | 0.67× | 0.01× |
| Effective Tax Rate | 27.09% | 29.91% | 26.51% | 15.29% | 15.70% | 44.69% |
| Cash Conversion Ratio | 1.81× | -0.20× | 2.58× | 1.19× | 0.76× | -0.15× |
| Accruals Ratio | 0.02× | -0.03× | -0.02× | -0.02× | 0.02× | -0.02× |
| SBC % of Revenue | 13.44% | 11.37% | 9.96% | 6.02% | 6.91% | 3.73% |
| CapEx Coverage | -0.90× | 0.07× | 0.24× | 1.05× | 0.82× | 0.14× |
| Free Cash Flow Per Share | $-1.93 | $-1.02 | $-1.12 | $0.09 | $-0.12 | $-0.24 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 141.79× | 15.97× | 62.22× | — |
| P/FCF | — | — | — | 277.49× | — | — |
| FCF Yield | — | — | — | 0.36% | — | — |
| EV / EBITDA | — | — | 104.29× | 14.05× | 39.92× | — |
| P/S | 39.92× | 12.49× | 13.95× | 8.18× | 24.33× | 40.89× |
| P/B | 4.53× | 2.41× | 2.59× | 3.29× | 8.01× | 6.43× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 224.44M | 203.85M | 253.44M | 527.51M | 331.95M | 134.31M |
| Revenues | — | — | — | — | 331.95M | 134.31M |
| Selling, General and Administrative Expense | 112.07M | 83.30M | 79.25M | 75.86M | 56.65M | 26.77M |
| Operating Income (Loss) | -149.37M | -169.43M | -17.72M | 327.41M | 165.34M | -34.70M |
| Income Tax Expense (Benefit) | -31.90M | -27.92M | 8.77M | 52.15M | 25.16M | -17.64M |
| Net Income (Loss) Attributable to Parent | -85.87M | -65.42M | 24.31M | 289.00M | 135.04M | -21.82M |
| Earnings Per Share, Basic | $-0.50 | $-0.39 | $0.14 | $1.64 | $0.78 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Basic | 170.13M | 166.84M | 177.18M | 176.52M | 173.47M | 79.69M |
| Earnings Per Share, Diluted | $-0.50 | $-0.57 | $0.14 | $1.52 | $0.73 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Diluted | 170.13M | 169.88M | 178.15M | 193.45M | 189.84M | 79.69M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.17B | 282.44M | 263.35M | 136.63M | 1.18B | 519.65M |
| Assets, Current | 2.17B | 1.03B | 1.13B | 1.29B | 1.28B | 561.05M |
| Assets | 3.86B | 2.33B | 2.34B | 2.24B | 1.89B | 1.07B |
| Long-term Debt | 998.74M | 908.73M | — | 678.44M | 674.93M | 3.36M |
| Liabilities, Current | 299.05M | 164.02M | 108.55M | 97.48M | 59.54M | 43.06M |
| Long-term Debt, Excluding Current Maturities | 931.33M | 908.73M | 681.98M | 678.44M | 674.93M | 961.00K |
| Liabilities | 1.47B | 1.28B | 970.67M | 925.15M | 880.93M | 220.41M |
| Stockholders' Equity Attributable to Parent | 1.98B | 1.05B | 1.37B | 1.31B | 1.01B | 853.88M |
| Common Stock, Shares, Outstanding | 177.36M | 163.20M | 178.08M | 177.71M | 177.82M | 170.72M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -155.75M | 13.35M | 62.70M | 343.51M | 101.97M | 3.28M |
| Payments to Acquire Property, Plant, and Equipment | 172.38M | 186.42M | 261.90M | 326.60M | 123.87M | 22.37M |
| Net Cash Provided by (Used in) Investing Activities | -206.05M | 10.06M | 68.70M | -1.36B | -119.36M | -22.37M |
| Payments for Repurchase of Common Stock | 0 | 225.07M | 0 | 0 | — | — |
| Net Cash Provided by (Used in) Financing Activities | 1.25B | -4.79M | -9.92M | -24.19M | 666.11M | 521.96M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -79.28M | -109.26M | -159.40M | -95.86M | -93.67M | -11.17M |
| EBITDA | 8.02M | 20.92M | -44.53M | -23.11M | -13.39M | -21.84M |
| Working Capital | 1.76B | 1.87B | 1.90B | 693.53M | 774.67M | 867.30M |
| Net Debt | 131.35M | -155.63M | -137.44M | 657.04M | 719.76M | 633.89M |
| Operating Margin | -26.61% | -7.01% | -125.15% | -76.46% | -57.19% | -72.09% |
| Net Margin | -8.79% | 17.89% | -78.02% | -53.79% | -37.24% | -36.63% |
| Return on Equity (ROE) | -0.41% | 0.48% | -2.13% | -3.06% | -2.19% | -2.12% |
| Return on Assets (ROA) | -0.21% | 0.24% | -1.10% | -1.32% | -0.96% | -0.96% |
| Current Ratio | 7.18× | 7.24× | 8.05× | 3.60× | 4.12× | 6.29× |
| Debt-to-Equity | 0.52× | 0.51× | 0.51× | 0.91× | 0.89× | 0.87× |
| Effective Tax Rate | 41.59% | 10.71% | 28.50% | 27.74% | 16.66% | 34.21% |
| Cash Conversion Ratio | 0.24× | -4.97× | 2.61× | 2.17× | 2.79× | -1.36× |
| Accruals Ratio | -0.00× | 0.01× | 0.02× | 0.02× | 0.02× | -0.02× |
| SBC % of Revenue | 14.26% | 18.17% | 38.45% | 22.49% | 12.09% | 7.48% |
| CapEx Coverage | -0.02× | -0.75× | -2.16× | -2.30× | -2.07× | 0.73× |
| Free Cash Flow Per Share | $-0.45 | $-0.64 | $-0.91 | $-0.59 | $-0.57 | $-0.07 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 90.65M | 52.69M | 53.55M | 57.39M | 60.81M | 60.99M |
| Selling, General and Administrative Expense | 33.64M | 32.07M | 28.41M | 27.43M | 24.17M | 19.07M |
| Operating Income (Loss) | -24.12M | -3.69M | -67.02M | -43.88M | -34.78M | -43.96M |
| Income Tax Expense (Benefit) | -5.67M | 1.13M | -16.65M | -11.85M | -4.53M | -11.62M |
| Net Income (Loss) Attributable to Parent | -7.97M | 9.43M | -41.78M | -30.87M | -22.65M | -22.34M |
| Earnings Per Share, Basic | $-0.04 | $0.07 | $-0.24 | $-0.19 | $-0.14 | $-0.13 |
| Weighted Average Number of Shares Outstanding, Basic | 178.02M | 170.13M | 175.03M | 163.83M | 163.76M | 166.84M |
| Earnings Per Share, Diluted | $-0.04 | $0.07 | $-0.24 | $-0.19 | $-0.14 | $-0.13 |
| Weighted Average Number of Shares Outstanding, Diluted | 178.02M | 170.13M | 175.03M | 163.83M | 163.76M | 169.88M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 886.28M | 1.17B | 1.15B | 261.54M | 198.34M | 282.44M |
| Assets, Current | 2.05B | 2.17B | 2.17B | 960.39M | 1.02B | 1.03B |
| Assets | 3.84B | 3.86B | 3.80B | 2.34B | 2.37B | 2.33B |
| Long-term Debt | 1.00B | 998.74M | 997.27M | 910.80M | 909.76M | 908.73M |
| Liabilities, Current | 285.25M | 299.05M | 270.18M | 266.87M | 248.21M | 164.02M |
| Long-term Debt, Excluding Current Maturities | 932.94M | 931.33M | 929.75M | 843.37M | 842.41M | 908.73M |
| Liabilities | 1.46B | 1.47B | 1.42B | 1.33B | 1.33B | 1.28B |
| Stockholders' Equity Attributable to Parent | 1.97B | 1.98B | 1.96B | 1.01B | 1.04B | 1.05B |
| Common Stock, Shares, Outstanding | 177.67M | 177.36M | 177.21M | 163.47M | 163.45M | 163.20M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -1.91M | -46.85M | -108.90M | -66.85M | -63.20M | 30.48M |
| Payments to Acquire Property, Plant, and Equipment | 77.38M | 62.41M | 50.50M | 29.01M | 30.47M | 41.65M |
| Net Cash Provided by (Used in) Investing Activities | -259.81M | 73.03M | -279.07M | 53.98M | -15.70M | -21.64M |
| Payments for Repurchase of Common Stock | — | 0 | 0 | 0 | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -18.55M | -7.30M | 1.25B | -7.73M | -5.00M | -10.83M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MP CIK 0001801368),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.