MP Materials (MP) Change in Inventory (2020 - 2026)
MP Materials (MP) reported Change in Inventory of $8.9 million for Q1 2026, down 71.54% on a YoY basis from $31.1 million in Q1 2025, and down 71.4% quarter-over-quarter from $31.0 million in Q4 2025.
MP Materials (MP) Change in Inventory (2020 - 2026) Analysis & Trends
MP Materials has reported Change in Inventory for 7 years, with the latest figure at $8.9 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Inventory fell 71.54% year-over-year to $8.9 million; the trailing twelve-month figure through Mar 2026 stood at $92.8 million (up 79.45% YoY), and the FY2025 full-year result was $115.0 million, up 176.91% from the prior year.
- Change in Inventory for Q1 2026 stood at $8.9 million, down from $31.0 million in the prior quarter.
- The five-year high for Change in Inventory was $31.6 million in Q3 2025, with the low at -$1.3 million in Q4 2024.
- Historically, Change in Inventory has averaged $13.9 million across 5 years, with a median of $14.1 million in 2023.
- Annual changes were most pronounced in 2024 — Change in Inventory sank 106.08% — and 2025, when it surged 2455.48%.
- MP Materials' Change in Inventory stood at $1.9 million in 2022, then soared by 1020.38% to $21.6 million in 2023, then slumped by 106.08% to -$1.3 million in 2024, then surged by 2455.48% to $31.0 million in 2025, then sank by 71.4% to $8.9 million in 2026.
- The last three Change in Inventory figures came in at $8.9 million (Q1 2026), $31.0 million (Q4 2025), and $31.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | 5.82 Bn |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | - |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | 8.85 Mn |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 28.92 Mn |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | - |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | -559,000.00 |
| 10 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 8.85 Mn |
| Mar 31, 2026 | 8.85 Mn |
| Dec 31, 2025 | 30.95 Mn |
| Dec 31, 2025 | 30.95 Mn |
| Sep 30, 2025 | 31.63 Mn |
| Sep 30, 2025 | 31.63 Mn |
| Jun 30, 2025 | 21.34 Mn |
| Jun 30, 2025 | 21.34 Mn |
| Mar 31, 2025 | 31.10 Mn |
| Mar 31, 2025 | 31.10 Mn |
| Dec 31, 2024 | -1.31 Mn |
| Dec 31, 2024 | -1.31 Mn |
| Sep 30, 2024 | 1.31 Mn |
| Sep 30, 2024 | 1.31 Mn |
| Jun 30, 2024 | 20.60 Mn |
| Jun 30, 2024 | 20.60 Mn |
| Mar 31, 2024 | 20.94 Mn |
| Mar 31, 2024 | 20.94 Mn |
| Dec 31, 2023 | 21.60 Mn |
| Dec 31, 2023 | 21.60 Mn |