MP Materials (MP23) Stock Overview

Produces rare earth materials in the Western Hemisphere. More details

MP23 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 62.5% below our estimate of its fair value

Earnings are forecast to grow 53.87% per year

Risk Analysis

Shares are highly illiquid

MP23 Community Fair Values

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MP Materials Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for MP Materials
Historical stock prices
Current Share Price	US$6.40
52 Week High	US$6.40
52 Week Low	US$6.30
Beta	1.84
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	0%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	MP23	TH Metals and Mining	TH Market
7D	n/a	-1.1%	0.6%
1Y	n/a	12.4%	43.0%

Return vs Industry: Insufficient data to determine how MP23 performed against the TH Metals and Mining industry.

Return vs Market: Insufficient data to determine how MP23 performed against the TH Market.

Price Volatility

Is MP23's price volatile compared to industry and market?
MP23 volatility
MP23 Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	5.7%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	9.8%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: MP23's share price has been volatile over the past 3 months compared to the TH market.

Volatility Over Time: Insufficient data to determine MP23's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2017	998	James Litinsky	mpmaterials.com

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.

MP Materials Corp. Fundamentals Summary

How do MP Materials's earnings and revenue compare to its market cap?
MP23 fundamental statistics
Market cap	US$10.25b
Earnings (TTM)	-US$71.19m
Revenue (TTM)	US$347.57m

29.5x

P/S Ratio

-143.9x

P/E Ratio

Is MP23 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MP23 income statement (TTM)
Revenue	US$347.57m
Cost of Revenue	US$218.20m
Gross Profit	US$129.37m
Other Expenses	US$200.56m
Earnings	-US$71.19m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.40
Gross Margin	37.22%
Net Profit Margin	-20.48%
Debt/Equity Ratio	43.3%

How did MP23 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/13 05:46
End of Day Share Price	2026/06/12 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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 23 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Benjamin Kallo	Baird
Richard Garchitorena	Barclays
Subhasish Chandra	Benchmark Company