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NYSE · US · Other Industrial Metals & Mining

MP MP Materials

US rare-earth mine and magnet plant

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$37.87
−1.12% today
1W
−2.8%
1M
−22.4%
3M
−8.3%
YTD
−25.0%
1Y
−46.5%
Off 52w high
−47.9%
Next earnings (est.): 2026-11-05
Market cap$6.82B
P/E (trailing)—Forward 49.1
EV / sales16.4×EV/EBITDA 167.4×
Revenue (TTM)$416MGrowth 119.7% y/y
Margins42.3%gross · op -14.7%
Free cash flow-$433MCash $1.45B · debt $982M
Analyst target$70.76+86.8% upside · 17 analysts · strong buy
Riskβ 1.99Short 22.4% of float

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

MP · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-05-07EarningsBeat / raise

    Reported EPS 0.03 vs -0.04 expected (+174.7% surprise).

  2. 7
    2026-02-26EarningsBeat / raise

    Reported EPS 0.09 vs 0.02 expected (+490.9% surprise).

  3. 6
    2025-11-06EarningsBeat / raise

    Reported EPS -0.1 vs -0.16 expected (+38.3% surprise).

  4. 5
    2025-08-07EarningsBeat / raise

    Reported EPS -0.13 vs -0.2 expected (+34.7% surprise).

  5. 4
    2025-05-08EarningsBeat / raise

    Reported EPS -0.12 vs -0.12 expected (+1.3% surprise).

  6. 3
    2025-02-20EarningsBeat / raise

    Reported EPS -0.12 vs -0.13 expected (+9.2% surprise).

  7. 2
    2024-11-07EarningsBeat / raise

    Reported EPS -0.12 vs -0.13 expected (+5.7% surprise).

  8. 1
    2024-08-01EarningsMiss / cut

    Reported EPS -0.17 vs -0.09 expected (-85.1% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-08-06—-0.01−173.2%
2026-05-07-0.040.03+174.7%
2026-02-260.020.09+490.9%
2025-11-06-0.16-0.1+38.3%
2025-08-07-0.2-0.13+34.7%
2025-05-08-0.12-0.12+1.3%
2025-02-20-0.13-0.12+9.2%
2024-11-07-0.13-0.12+5.7%
2024-08-01-0.09-0.17−85.1%
2024-05-02-0.03-0.04−35.0%
2024-02-22-0.03-0.02+40.4%
2023-11-02—0.04+1726.5%
2023-08-030.070.09+36.0%
2023-05-040.190.27+40.9%
2023-02-230.160.42+166.7%
2022-11-030.30.36+20.2%
2022-08-050.350.43+22.6%
2022-05-050.40.5+24.9%
2022-02-240.240.31+29.5%
2021-11-040.170.27+56.1%
2021-08-050.130.17+35.5%
2021-05-060.080.13+62.5%
2021-03-180.040.18+408.6%

About MP Materials

Website ↗

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.

998 employees · Las Vegas, United States

China controls most rare-earth separation and magnet production and has used export licensing. Every motor, robot and drone depends on it.

Mine→Separation→Metal→Magnet

What would prove us wrong. Weakens if non-China separation and magnet plants reach nameplate on schedule.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
LYC.AX
Lynas Rare Earths
Largest non-China rare-earth separator A$11.27+5.23%−20.8%−9.4%
600111.SS
China Northern Rare Earth
Largest light rare-earth producer ¥36.29−0.66%−1.2%−21.1%
ILU.AX
Iluka Resources
Rare-earth refinery under construction A$5.07+2.22%−13.6%−11.7%
NEO.TO
Neo Performance Materials
Magnet plant in Estonia C$24.83+1.93%−23.3%+61.2%
USAR
USA Rare Earth
US magnet manufacturing $9.12−2.30%−40.0%−23.4%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.