profit from every $100 of sales.
$0$100
MP Materials
$37.45+1.96% today
-37.3% in 1 year
1-year low $33.741-year high $72.65
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What MP Materials sold, what it kept, and what it did with the cash.
Sales went from $528 million in 2022 to $224 million in 2025, with -$85.9 million of profit last year.
SalesProfit
MP Materials vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| MP Materials | No profit yet | ||
 Teck Resources | 42.1× · Expensive | ||
 USA Rare Earth | No profit yet | ||
 Nexa Resources | 11.4× · Cheap | ||
 Vizsla Silver | No profit yet |
AI analysis
An AI analyst reads MP Materials's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 134 | 332 | 528 | 253 | 204 | 224 | |
| – | – | 417 | 105 | -67 | -58 | |
| -35 | 165 | 335 | 4 | -164 | -145 | |
| -28 | 193 | 365 | 94 | 8 | 3 | |
| -22 | 135 | 289 | 24 | -65 | -86 | |
| -0.27 | 0.73 | 1.52 | 0.14 | -0.57 | -0.50 | |
| – | – | 79.0% | 41.4% | -32.8% | -25.7% | |
| -25.8% | 49.8% | 63.5% | 1.4% | -80.3% | -64.6% | |
| -16.2% | 40.7% | 54.8% | 9.6% | -32.1% | -38.3% |
Balance sheet
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 1,074 | 1,890 | 2,238 | 2,336 | 2,334 | 3,864 |
| Cash | 520 | 1,179 | 137 | 263 | 282 | 1,166 |
| Total debt | 3 | 675 | 678 | 689 | 915 | 1,007 |
| Total liabilities | 220 | 881 | 925 | 971 | 1,279 | 1,472 |
| 854 | 1,009 | 1,313 | 1,366 | 1,055 | 1,979 | |
| 80 | 190 | 193 | 178 | 170 | 170 | |
| -3.2% | 7.9% | 13.8% | 1.5% | -2.8% | -2.3% | |
| -2.6% | 13.4% | 22.0% | 1.8% | -6.2% | -4.3% |
Cash flow
| In millions of USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 3 | 102 | 344 | 63 | 13 | -156 | |
| 22 | 124 | 327 | 262 | 186 | 172 | |
| -19 | -22 | 17 | -199 | -173 | -328 | |
| Dividends paid | – | – | – | – | – | – |
| – | – | 0 | 0 | 225 | 31 | |
| 5 | 23 | 32 | 25 | 23 | 30 |
Valuation
- –
- 148.6×
- –
- 4.6×
- 29.7×
- –
- 2,191.4×
- -4.9%
- -1.3%
- 0.0%
Profitability
- -25.7%
- -64.6%
- -38.3%
- 5.4%
- -2.6%
- 3.6%
- -3.5%
- -1.9%
- -3.9%
- 1.9%
Growth
- +10.8%
- –
- −89.6%
- –
- −0.5%
Financial health
- 8.6×
- 0.44
- 27.3%
- -4.4×
- 7.18
- 6.58
- 0.09
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 10%of 989
Bottom 1%of 954
Top 30%of 933
Bottom 15%of 988
What analysts expect
- Average price target
- $78.25
- Range
- $71.00 – $90.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 7, 2026 | 0.03 | -0.01 | +400.0% |
| Feb 26, 2026 | 0.09 | 0.06 | +53.9% |
| Nov 6, 2025 | -0.10 | -0.17 | +42.2% |
| Aug 7, 2025 | -0.13 | -0.20 | +34.0% |
| May 8, 2025 | -0.12 | -0.10 | −20.0% |
| Feb 20, 2025 | -0.12 | -0.09 | −33.3% |
| Nov 7, 2024 | -0.12 | -0.13 | +7.7% |
| Aug 1, 2024 | -0.17 | -0.09 | −88.9% |
News
NVDA Fallout Pressures Tech Trade As Investors Turn To Cerebras, Applied Materials For Chip Demand CuesYahoo Finance · Nov 12, 2026MP Materials Clears GM Magnet Milestone, Targets Apple as Next CustomerYahoo Finance · Nov 11, 2026These materials stocks are down YTD, but Quant ratings remain bullishSeeking Alpha · Nov 10, 2026Neo Performance Materials Inc. declares CAD 0.10 dividendSeeking Alpha · Nov 10, 2026Mitsui Chemicals to buy chip materials maker JSR with Development Bank of Japan in $8.8B dealSeeking Alpha · Nov 9, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
22No pass
Benjamin Graham
37No pass
Philip Fisher
27No pass
Peter Lynch
43No pass
Joel Greenblatt
0No pass
Charlie Munger
23No pass
Terry Smith
25No pass
Questions about MP Materials
Is MP Materials a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the MP Materials AI analysis
What does MP Materials do?
MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine located in the Western Hemisphere. It is in Industrial Materials, based in Las Vegas, NV, United States, with 998 employees.
Does MP Materials pay a dividend?
No. MP Materials does not pay a dividend at the moment; in 2025 it returned $31.1 million to shareholders by buying back its own shares.
Is MP Materials stock halal?
Yes. MP Materials passes our halal screen: its business is permitted and its debt is 15% of its market value, under the 30% limit. How we check
How has MP Materials stock done over the past year?
Down 37.3% over the past twelve months, to $37.45. It traded between $33.74 and $72.65 and is 48.5% below its high.
Who are MP Materials's competitors?
The largest listed companies in the same industry are Teck Resources, USA Rare Earth, Nexa Resources and Vizsla Silver. The peers table on this page compares their profit, growth and price with MP Materials's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.