MP Materials (MP) Change in Inventory (2020 - 2026)
MP Materials' (MP) quarterly Change in Inventory came in at $8.9 million in Q1 2026, down 71.54% YoY from $31.1 million in Q1 2025, and down 71.4% on a QoQ basis from $31.0 million in Q4 2025.
MP Materials (MP) Change in Inventory (2020 - 2026) Analysis & Trends
MP Materials (MP) has 7 years of Change in Inventory data on file, last reported at $8.9 million in Q1 2026.
- Quarterly Change in Inventory fell 71.54% year-over-year to $8.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $92.8 million (up 79.45% YoY) and the FY2025 annual result came in at $115.0 million, up 176.91% from the prior year.
- Change in Inventory fell to $8.9 million in Q1 2026, from $31.0 million in the prior quarter.
- In the past five years, Change in Inventory ranged from a high of $31.6 million in Q3 2025 to a low of -$1.3 million in Q4 2024.
- A 5-year average of $13.9 million and a median of $14.1 million in 2023 frame the typical range for Change in Inventory.
- Annual changes were most pronounced in 2024 — Change in Inventory sank 106.08% — and 2025, when it surged 2455.48%.
- Tracing MP's Change in Inventory over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (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 | - |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 11.96 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | - |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | -6.98 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | - |
| 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 | -46.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.96 Mn |
| Jun 30, 2026 | 11.96 Mn |
| 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 |