MP Materials's earnings have been declining at an average annual rate of -51.4%, while the Metals and Mining industry saw earnings declining at 28.9% annually. Revenues have been declining at an average rate of 7.8% per year.
Key information
-51.39%
Earnings growth rate
-52.09%
EPS growth rate
Metals and Mining Industry Growth
33.93%
Revenue growth rate
-7.81%
Return on equity
-2.99%
Net Margin
-20.48%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How MP Materials makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BOVESPA:M2PM34 Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
348
-71
126
0
31 Dec 25
275
-86
113
0
30 Sep 25
233
-118
98
0
30 Jun 25
242
-101
88
0
31 Mar 25
216
-105
83
0
31 Dec 24
204
-65
84
0
30 Sep 24
184
-59
86
0
30 Jun 24
174
-38
87
0
31 Mar 24
206
3
83
0
31 Dec 23
253
24
80
0
30 Sep 23
305
108
78
0
30 Jun 23
377
175
76
0
31 Mar 23
457
241
75
0
31 Dec 22
528
289
76
0
30 Sep 22
533
271
76
0
30 Jun 22
509
251
70
0
31 Mar 22
438
204
63
0
31 Dec 21
332
135
57
0
30 Sep 21
275
110
41
0
30 Jun 21
216
82
35
0
31 Mar 21
174
-8
29
0
31 Dec 20
134
-22
23
0
30 Sep 20
113
-45
15
0
30 Jun 20
99
-57
13
0
31 Mar 20
81
0
11
0
31 Dec 19
73
-7
11
0
31 Dec 18
67
-13
15
0
Quality Earnings: M2PM34 is currently unprofitable.
Growing Profit Margin: M2PM34 is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: M2PM34 is unprofitable, and losses have increased over the past 5 years at a rate of 51.4% per year.
Accelerating Growth: Unable to compare M2PM34's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: M2PM34 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-43.9%).
Return on Equity
High ROE: M2PM34 has a negative Return on Equity (-2.99%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/30 04:23
End of Day Share Price
2026/05/29 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
MP Materials Corp. is covered by 22 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.