MP Materials (MP) Depreciation and Depletion (2020 - 2026)
MP Materials' Depreciation and Depletion was $21.69 million in Q2 2026, up 13.4% from $19.12 million a year earlier and up 17.7% from the prior quarter.
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Analysis
MP Materials (MP) Depreciation and Depletion (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, MP Materials' Depreciation and Depletion was $72.45 million through Jun 30, 2026, up 2.3% year-over-year; for FY2025, it was $69.59 million, up 9.5% from FY2024.
- Depreciation and Depletion has now increased for three consecutive years, with a five-year compound annual growth rate of 71.4% (FY2020 to FY2025).
- In earlier years, Depreciation and Depletion was $63.56 million in FY2024 (+44.5%), $44 million in FY2023 (+657.5%), $5.81 million in FY2022 (-14.9%) and $6.83 million in FY2021 (+45.2%).
- The Q2 2026 figure marks the highest quarterly Depreciation and Depletion in data going back to Q1 2020.
- Compared with a year earlier, Depreciation and Depletion was higher in seven of the last eight quarters, with growth averaging 10.6%.
- The best year-over-year quarter for Depreciation and Depletion over five years was Q4 2023 (growth of 641.4%); the worst was Q4 2025 (a decline of 21.2%).
- Per Business Quant data, MP's Depreciation and Depletion in the three quarters before Q2 2026 was $18.43 million (Q1 2026), $13.83 million (Q4 2025) and $18.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | - |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | - |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | - |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 555.00 Mn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 320.00 Mn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | - |
| 10 | MP Materials | 8.42 Bn | 6.97 Bn | 36.20 Mn | 21.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.69 Mn |
| Mar 31, 2026 | 18.43 Mn |
| Dec 31, 2025 | 13.83 Mn |
| Sep 30, 2025 | 18.50 Mn |
| Jun 30, 2025 | 19.12 Mn |
| Mar 31, 2025 | 18.14 Mn |
| Dec 31, 2024 | 17.55 Mn |
| Sep 30, 2024 | 16.02 Mn |
| Jun 30, 2024 | 15.09 Mn |
| Mar 31, 2024 | 14.90 Mn |
| Dec 31, 2023 | 15.61 Mn |
| Sep 30, 2023 | 13.95 Mn |
| Jun 30, 2023 | 9.19 Mn |
| Mar 31, 2023 | 5.25 Mn |
| Dec 31, 2022 | 2.11 Mn |
| Sep 30, 2022 | -656,000.00 |
| Jun 30, 2022 | 2.26 Mn |
| Mar 31, 2022 | 2.10 Mn |
| Dec 31, 2021 | 1.30 Mn |
| Sep 30, 2021 | 2.11 Mn |
API Access
MP Materials Depreciation and Depletion 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=depreciation-and-depletion&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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=depreciation-and-depletion&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();