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MP MaterialsMP

Diversified Metals & Mining
Pricier than peers
$39.57−4.97%After hours: $39.60 (+0.08%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 38.5% over 1 year
MP Materials over 1 yearDaily close, $, to 30 Oct 2026
$50$60$70Nov2026MarMayJulSep$39.57$60NovMarJul$39.57
Source: Nasdaq daily closes
Market value$7.05B
Price to earnings–
Forward P/E185.8x
Dividend yield–
Year to date−21.7%
One year−38.5%
Next earningsThu 5 Nov, after the close
SectorMaterials
52-week range (closes)
$37.47$72.65

Quality and valuation

How MP Materials compares with other materials stocks. A description, not a recommendation.

MP Materials and 4 diversified metals & mining peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: pricier than most

A weaker business than most materials companies, priced above most of them.

MP Materials trades at 185.8 times the next 12 months of expected earnings, against a median of 16.1x for the 28 materials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +26.1% vs +9.1%
  • Less profitable (operating margin): −41.5% vs 10.9%
  • Turns less of its sales into cash: −165.2% vs 7.6%
MP trades at 185.8x forward earnings, above the sector medianForward p/e, Diversified Metals & Mining peers
NEM12.0xAEM14.6xFCX16.0xLIN27.6xECL35.5xMP185.8xSector median 16.1xNEM12.0xAEM14.6xFCX16.0xLIN27.6xECL35.5xMP185.8xSector median 16.1x
Source: CNBC quotes; Mostly Markets

Financials

From MP Materials's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 89.0% from a year earlierQuarterly revenue, $m, latest Q2 ’26
$0m$50m$100mQ3 ’24Q1 ’25Q3 ’25$108mQ2 ’26$0m$50m$100mQ3 ’24Q1 ’25Q3 ’25$108mQ2 ’26
Source: SEC filings
Growth sped up to +89.0% last quarterRevenue growth, year on year, %
0%50%Q3 ’24Q1 ’25Q3 ’2589.0%Q2 ’260%50%Q3 ’24Q1 ’25Q3 ’2589.0%Q2 ’26
Source: SEC filings
Operating margin was -29.5% last quarterOperating income as a share of revenue, %
−100%−50%0%Q3 ’24Q1 ’25Q3 ’25−29.5%Q2 ’26−100%−50%0%Q3 ’24Q1 ’25Q3 ’25−29.5%Q2 ’26
Source: SEC filings
Free cash flow was −$505 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
−$200m−$100m$0mQ3 ’24Q1 ’25Q3 ’25−$223mQ2 ’26−$200m−$100m$0mQ3 ’24Q1 ’25Q3 ’25−$223mQ2 ’26
Source: SEC filings
Last 12 monthsMPSector median
Revenue growth+26.1%+9.1%
Operating margin−41.5%10.9%
Free cash flow margin−165.2%7.6%

Stories on MP Materials

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Similar companies

Diversified Metals & Mining, by market value.

CompanyPriceTodayYTDValue
LINLinde$514.24+2.20%+20.6%$237B
BHPBHP Group$79.16−3.25%+31.1%$201B
RIORio Tinto$81.89−1.63%+2.3%$133B
NEMNewmont$106.61−4.64%+6.8%$111B
FCXFreeport-McMoRan$62.47−5.55%+23.0%$87.46B
ECLEcolab$302.98+0.70%+15.4%$84.93B
AEMAgnico Eagle Mines$165.38−5.99%−2.4%$83.61B
SHWSherwin-Williams$332.61+0.76%+2.6%$80.36B