MP Materials (MP) Debt Ratio (2019 - 2026)

MP Materials (MP) reported Debt Ratio of 0.26 for Q1 2026, down 32.19% on a YoY basis from 0.38 in Q1 2025, and up 0.8% quarter-over-quarter from 0.26 in Q4 2025.

MP Materials (MP) Debt Ratio (2019 - 2026) Analysis & Trends

MP Materials has reported Debt Ratio for 8 years, with the latest figure at 0.26 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio fell 32.19% year-over-year to 0.26; the trailing twelve-month figure through Mar 2026 stood at 0.26 (down 32.19% YoY), and the FY2025 full-year result was 0.26, down 33.63% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.26, up from 0.26 in the prior quarter.
  • The five-year high for Debt Ratio was 0.41 in Q3 2024, with the low at 0.26 in Q4 2025.
  • Historically, Debt Ratio has averaged 0.33 across 5 years, with a median of 0.31 in 2022.
  • Annual changes were most pronounced in 2022 — Debt Ratio surged 1750.28% — and 2025, when it plunged 35.59%.
  • MP Materials' Debt Ratio stood at 0.3 in 2022, then decreased by 3.72% to 0.29 in 2023, then jumped by 33.41% to 0.39 in 2024, then tumbled by 33.63% to 0.26 in 2025, then advanced by 0.8% to 0.26 in 2026.
  • The last three Debt Ratio figures came in at 0.26 (Q1 2026), 0.26 (Q4 2025), and 0.26 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 0.12
2 Bhp 421.29 Bn 411.77 Bn - 0.22
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 0.26
6 Iperionx 8.57 Bn 8.52 Bn - 0.03
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 0.26
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 0.37
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 USA Rare Earth 2.20 Bn 2.20 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.26
Dec 31, 2025 0.26
Sep 30, 2025 0.26
Jun 30, 2025 0.39
Mar 31, 2025 0.38
Dec 31, 2024 0.39
Sep 30, 2024 0.41
Jun 30, 2024 0.40
Mar 31, 2024 0.40
Dec 31, 2023 0.29
Sep 30, 2023 0.29
Jun 30, 2023 0.30
Mar 31, 2023 0.30
Dec 31, 2022 0.30
Sep 30, 2022 0.31
Jun 30, 2022 0.32
Mar 31, 2022 0.34
Dec 31, 2021 0.37
Sep 30, 2021 0.02
Mar 31, 2021 0.02