MP Materials (MP) EBIT Margin (2020 - 2026)

MP Materials (MP) reported EBIT Margin of 26.61% for Q1 2026, up 3058.0% on a YoY basis from 0.84% in Q1 2025, and down 279.83% quarter-over-quarter from 7.01% in Q4 2025.

MP Materials (MP) EBIT Margin (2020 - 2026) Analysis & Trends

MP Materials has reported EBIT Margin for 7 years, with the latest figure at 26.61% in Q1 2026.

  • For the quarter ending Q1 2026, EBIT Margin rose 3058.0% year-over-year to 26.61%; the trailing twelve-month figure through Mar 2026 stood at 54.55% (up 2498.0% YoY), and the FY2025 full-year result was 66.55%, up 1656.0% from the prior year.
  • EBIT Margin for Q1 2026 stood at 26.61%, down from 7.01% in the prior quarter.
  • The five-year high for EBIT Margin was 69.18% in Q1 2022, with the low at 171.13% in Q2 2024.
  • Historically, EBIT Margin has averaged 29.72% across 5 years, with a median of 33.39% in 2023.
  • Annual changes were most pronounced in 2024 — EBIT Margin slumped 17188 bps — and 2025, when it jumped 9467 bps.
  • MP Materials' EBIT Margin stood at 40.18% in 2022, then slumped by 303 bps to 81.61% in 2023, then grew by 12 bps to 72.09% in 2024, then jumped by 90 bps to 7.01% in 2025, then slumped by 280 bps to 26.61% in 2026.
  • The last three EBIT Margin figures came in at 26.61% (Q1 2026), 7.01% (Q4 2025), and 125.15% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - -
2 Bhp 421.29 Bn 411.77 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 -26.61%
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 5.12%
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 88.21%
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -109.42%
10 USA Rare Earth 2.20 Bn 2.20 Bn - -1,632.50%

Historic Data

Download Data
DateValue
Mar 31, 2026 -26.61%
Dec 31, 2025 -7.01%
Sep 30, 2025 -125.15%
Jun 30, 2025 -76.46%
Mar 31, 2025 -57.19%
Dec 31, 2024 -72.09%
Sep 30, 2024 -62.83%
Jun 30, 2024 -171.13%
Mar 31, 2024 -66.62%
Dec 31, 2023 -81.61%
Sep 30, 2023 -33.39%
Jun 30, 2023 0.75%
Mar 31, 2023 34.44%
Dec 31, 2022 40.18%
Sep 30, 2022 63.62%
Jun 30, 2022 66.70%
Mar 31, 2022 69.18%
Dec 31, 2021 57.59%
Sep 30, 2021 54.23%
Jun 30, 2021 44.40%