MP Materials (MP) Capital Expenditures (2020 - 2026)
MP Materials (MP) reported Capital Expenditures of $230.34 million for Q2 2026, up 694.1% from $29.01 million a year earlier and up 197.7% from the prior quarter.
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Analysis
MP Materials (MP) Capital Expenditures (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, MP Materials' Capital Expenditures came in at $420.61 million, up 185.0% year-over-year; for FY2025, it came in at $172.38 million, down 7.5% from FY2024.
- Capital Expenditures has declined for three consecutive years, though with a five-year compound annual growth rate of 50.4% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $186.42 million in FY2024 (-28.8%), $261.9 million in FY2023 (-19.8%), $326.6 million in FY2022 (+163.7%) and $123.87 million in FY2021 (+453.7%).
- The Q2 2026 figure ranks as the highest quarterly Capital Expenditures in data going back to Q1 2020.
- Year over year, Capital Expenditures has now increased in each of the last four quarters, with growth averaging 95.5% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q3 2021 (growth of 757.4%); the low point was Q4 2024 (a decline of 42.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $77.38 million (Q1 2026), $62.41 million (Q4 2025) and $50.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 422.80 Mn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 719.00 Mn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | -431.28 Mn |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 1.10 Bn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | -1.19 Bn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 571.00 Mn |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | -1.10 Bn |
| 10 | MP Materials | 8.27 Bn | 6.81 Bn | 36.20 Mn | 230.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 230.34 Mn |
| Mar 31, 2026 | 77.38 Mn |
| Dec 31, 2025 | 62.41 Mn |
| Sep 30, 2025 | 50.50 Mn |
| Jun 30, 2025 | 29.01 Mn |
| Mar 31, 2025 | 30.47 Mn |
| Dec 31, 2024 | 41.65 Mn |
| Sep 30, 2024 | 46.44 Mn |
| Jun 30, 2024 | 46.49 Mn |
| Mar 31, 2024 | 51.84 Mn |
| Dec 31, 2023 | 72.97 Mn |
| Sep 30, 2023 | 58.69 Mn |
| Jun 30, 2023 | 55.77 Mn |
| Mar 31, 2023 | 74.46 Mn |
| Dec 31, 2022 | 112.26 Mn |
| Sep 30, 2022 | 91.75 Mn |
| Jun 30, 2022 | 67.65 Mn |
| Mar 31, 2022 | 54.93 Mn |
| Dec 31, 2021 | 37.45 Mn |
| Sep 30, 2021 | 41.73 Mn |
API Access
MP Materials Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "MP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();