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NYSE: MP
MP Materials Corp.
Basic Materials · Industrial Materials
Market Cap
$9.19B
52w High
$100.25
52w Low
$18.64
P/E
-106.96
Volume
3.81M
Outstanding Shares
177.67M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
1Y Price: 98.39%Revenue (TTM): 35.12%FCF (TTM): -89.59%P/E: 0th pct
What changed
The stock rose 98.39% over the last year. Revenue grew 35.12% over the trailing twelve months. Operating margin moved from -80.43% to -52.97%. Free cash flow declined 89.59% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 0th percentile of their historical P/E range.
What would invalidate this read
Operating margin is at -52.97%. Revenue grew 35.12% — this thesis depends on that trajectory holding. Despite the price move, free cash flow fell 89.59%, which is worth watching as a leading indicator of future pressure. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
MP Materials Corp. owns and operates rare earth mining and processing facilities.
CEOJames Henry Litinsky
SectorBasic Materials
IndustryIndustrial Materials
Employees804
IPO dateJun 22, 2020
Valuation
Forward P/E—
EV/EBITDA1,897.82
Enterprise value$8.47B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth70.04%
Gross margin5.77%▲92.69%vs FY2024
Operating margin-52.97%▲46.37%vs FY2024
ROE-3.59%▲42.12%vs FY2024
Analyst consensus
RatingBuy
Target price$74.33▲43.77%
10
Buy
1
Hold
0
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 14, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
-$0.13
-$0.20
Q4FY25
ActualEst.
-$0.10
-$0.17
Q1FY26
ActualEst.
$0.09
$0.06
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$57.39M
$46.14M
Q4FY25
ActualEst.
$53.55M
$53.24M
Q1FY26
ActualEst.
$52.69M
$76.06M
Q2FY26
Next Est.
—