MP Materials Corp. (MP) Stock

MP Materials Corp. (MP) is a Materials stock trading at $57.42 (as of 2026-08-24), with a market capitalization of $10.23B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MP Materials Corp. owns and operates rare earth mining and processing facilities, including the Mountain Pass rare earth mine and related mineral rights in the Western Hemisphere. The company produces rare earth elements such as cerium, lanthanum, neodymium, praseodymium, and samarium.

Understand MP Materials Corp.: how it makes money

MP Materials owns and operates the Mountain Pass rare earth mine and processing facilities, producing rare earth products such as neodymium and praseodymium (NdPr) oxides and metals, and selling these into the market. It also has a magnetics segment, and its reported results can include income from price protection agreements.

MP Materials’ economics are structurally tied to the Materials segment’s ability to produce and sell NdPr oxide and metal, with reported totals that can also be affected by price protection agreement income.

Revenue by segment (latest quarter)
Materials$0.1B
Magnetics$0.0B

Business quality (Weak): Latest quarter shows an operating loss (operating margin -26.6%) despite revenue of about 0.1B, with most revenue coming from the Materials segment.

Bull case

  • Mountain Pass mining and processing platform: The company owns and operates the Mountain Pass Rare Earth mine and processing facilities, producing a range of rare earth products including cerium, lanthanum, neodymium, praseodymium, and samarium.
  • Price protection agreements can support reported totals: The company reports both consolidated revenue and consolidated revenue plus price protection agreement income, indicating its results can include support from price protection arrangements.

Bear case

  • Operating loss in the latest quarter: The latest period shows an operating margin of -26.6%, meaning operations were loss-making over the quarter.
  • Results depend on Materials segment sales and related income items: The Materials segment represents the largest portion of revenue candidates, and reported totals are influenced by NdPr oxide and metal sales volume and price protection agreement income, which can change quarter to quarter.
  • Magnetics segment appears smaller in revenue mix: Magnetics segment revenue is much smaller than Materials segment revenue in the provided figures, so it may not offset weakness in the Materials segment.
Valuation — source: SEC EDGAR (first-party)
Price$57.42
Market Cap$10.23B
Price / Book5.22
Price / Sales33.49
FCF Yield-4.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$224.44M
Net Margin-38.3%
Revenue Growth (YoY)89.0%
EPS Growth (YoY)-42.1%
FCF Growth (YoY)584.3%
Financial Health — source: SEC EDGAR
Altman Z-Score3.84 (safe)
Valuation vs Sector & Industry
Sector P/E (Materials)25.9
Industry P/E (Metal Mining)26.9
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderUBS Group AG ($1.64B)
Institutional Holders Tracked10
Congressional Trades (recent)1
Company
SectorMaterials
IndustryMetal Mining
CEOJames Henry Litinsky
Employees804
CountryUS
IPO Date2020-06-22

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MP earnings history · MP institutional & insider holders · MP KPIs & operating metrics · MP financials · MP investor presentations & press releases · MP SEC filings · MP peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.