MP Materials (MP) Capital Expenditures (2020 - 2026)
MP Materials' (MP) quarterly Capital Expenditures came in at $77.4 million in Q1 2026, up 153.97% YoY from $30.5 million in Q1 2025, and up 23.99% on a QoQ basis from $62.4 million in Q4 2025.
MP Materials (MP) Capital Expenditures (2020 - 2026) Analysis & Trends
MP Materials (MP) has 7 years of Capital Expenditures data on file, last reported at $77.4 million in Q1 2026.
- Quarterly Capital Expenditures rose 153.97% year-over-year to $77.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $219.3 million (up 32.86% YoY) and the FY2025 annual result came in at $172.4 million, down 7.53% from the prior year.
- Capital Expenditures advanced to $77.4 million in Q1 2026, from $62.4 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $112.3 million in Q4 2022 to a low of $29.0 million in Q2 2025.
- A 5-year average of $60.3 million and a median of $55.8 million in 2023 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2022 — Capital Expenditures jumped 199.77% — and 2024, when it slumped 42.92%.
- Tracing MP's Capital Expenditures over 5 years: stood at $112.3 million in 2022, then plunged by 35.0% to $73.0 million in 2023, then tumbled by 42.92% to $41.6 million in 2024, then soared by 49.83% to $62.4 million in 2025, then gained by 23.99% to $77.4 million in 2026.
- The last three Capital Expenditures figures came in at $77.4 million (Q1 2026), $62.4 million (Q4 2025), and $50.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | 561.71 Mn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 230.34 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | - |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 14.53 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | -94.96 Mn |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | - |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | - |
| 10 | Nexa Resources | 1.86 Bn | 1.47 Bn | 257.20 Mn | -92.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 230.34 Mn |
| Jun 30, 2026 | 230.34 Mn |
| Mar 31, 2026 | 77.38 Mn |
| Mar 31, 2026 | 77.38 Mn |
| Dec 31, 2025 | 62.41 Mn |
| Dec 31, 2025 | 62.41 Mn |
| Sep 30, 2025 | 50.50 Mn |
| Sep 30, 2025 | 50.50 Mn |
| Jun 30, 2025 | 29.01 Mn |
| Jun 30, 2025 | 29.01 Mn |
| Mar 31, 2025 | 30.47 Mn |
| Mar 31, 2025 | 30.47 Mn |
| Dec 31, 2024 | 41.65 Mn |
| Dec 31, 2024 | 41.65 Mn |
| Sep 30, 2024 | 46.44 Mn |
| Sep 30, 2024 | 46.44 Mn |
| Jun 30, 2024 | 46.49 Mn |
| Jun 30, 2024 | 46.49 Mn |
| Mar 31, 2024 | 51.84 Mn |
| Mar 31, 2024 | 51.84 Mn |