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NYSE · Other Industrial Metals & Mining · USD

MP Materials Corp. (MP) Stock Analysis

MP Materials Corp. (MP) is a Other Industrial Metals & Mining stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

MP

$39.50

+$0.45 (+1.15%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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MP Key Statistics

As of Oct 21, 2026
Trading
Open
$39.58
Previous Close
$39.05
Day's Range
39.16–39.86
52-Week Range
37.81–76.80
Volume
2.84M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.99
Valuation
Market Cap
$7.04B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
48.97
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
16.90
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.33
Financials (FY)
Revenue (FY)
$224.44M+10.10%
Net Income (FY)
−$85.87M
Profit marginThe share of revenue left as profit after all costs and taxes.
−14.56%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
178.10M
1-Year Return
−46.70%
Dividend and dates
Earnings Date
November 5, 2026
Avg Volume
5.98M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, MP closed at $39.50, −46.70% over 1 year.

MP Materials Corp. (MP) has a market capitalization of $7.04B.

In fiscal 2025, MP reported revenue of $224.44M.

MP Stock Return by Calendar Year

MP Materials Corp. (MP) return since Jun 2020: what $10,000 became

1 year
$10,000 $5,330
−46.70%
5 years
$10,000 $11,161
+11.61%
Since Jun 2020
$10,000 $39,500
+295.00%

If you had invested $10,000 in MP Materials Corp. (MP) at the close on June 22, 2020, the earliest close on record here, it would have been worth $39,500 at the close on October 21, 2026: +295.00% in total, +24.24% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−21.81%
2025+223.85%
2024−21.41%
2023−18.25%
2022−46.54%
2021+41.19%
2020 (partial year)+221.70%

As of October 21, 2026.

MP Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$224.44M−$85.87M−38.3%
2024$203.86M−$65.42M−32.1%
2023$253.45M$24.31M9.6%
2022$527.51M$289.00M54.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$224.44M−$57.62M−$145.09M−$85.87M−38.3%
2024$203.86M−$66.79M−$163.74M−$65.42M−32.1%
2023$253.45M$105.02M$3.61M$24.31M9.6%
2022$527.51M$416.94M$334.96M$289.00M54.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

MP Valuation vs Other Industrial Metals & Mining Median

Median of 103 stocks
MetricMPOther Industrial Metals & Mining medianvs median
P/S ratio16.9013.4026% above
Profit margin−14.56%3.53%18.1 pts below

Medians across 103 Other Industrial Metals & Mining stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

MP Materials Corp. (MP) carries a market capitalisation of $7.04B. It is classified in the Other Industrial Metals & Mining industry, within the Basic Materials sector. Headcount on file is 998.

Over the past 52 weeks the price has ranged from $37.81 to $76.80. The most recent close on file for MP is $39.50, dated October 21, 2026. That is +$0.45 (+1.15%) against the previous close. The latest close sits 4.47% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $224.44M. Against the prior fiscal year total of $203.86M, that is a change of +10.10%. The same year closed with a net loss of $85.87M. Profit margin runs at −14.56%. That is 18.1 percentage points below the Other Industrial Metals & Mining median of 3.53%. Earnings per share on a trailing basis come to −0.33.

Across the 4 fiscal years on file, revenue moves from $527.51M in 2022 to $224.44M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

No trailing P/E applies: the last reported earnings figure is negative. On forward earnings the ratio is 48.97. Measured against sales, the shares trade at 16.9 times revenue. On price-to-sales that is 26.16% above the Other Industrial Metals & Mining median of 13.4. 103 Other Industrial Metals & Mining companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 1.99. Daily returns over the trailing 6 years annualize to a volatility of 72.69%. The trailing one-year total return is −46.70%. Measured over 5 years, that is +2.22% a year compounded.

Growth & Income

The record shows no dividend for MP.

The strongest complete calendar year on file is 2025 at +223.85%; the weakest is 2022 at −46.54%. Of the 5 complete calendar years on file, 2 finished higher. So far in 2026 the total return is −21.81%.

Peer Comparison

MP Materials Corp. (MP) operates in the Other Industrial Metals & Mining industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
MP Materials Corp. MP $7.04B —
BHP Group Limited BHP $211.50B 21.6
Rio Tinto Group RIO $141.37B 11.8
Vale S.A. VALE $54.05B 25.4

The Other Industrial Metals & Mining industry average P/E ratio is 18.2x. MP Materials Corp. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About MP Materials Corp.

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.

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