MP Materials (MP) EBITDA Margin (2020 - 2026)
MP Materials (MP) reported EBITDA Margin of 24.2% for Q1 2026, up 317.0% on a YoY basis from 5.8% in Q1 2025, and up 75.82% quarter-over-quarter from 100.08% in Q4 2025.
MP Materials (MP) EBITDA Margin (2020 - 2026) Analysis & Trends
MP Materials has reported EBITDA Margin for 7 years, with the latest figure at 24.2% in Q1 2026.
- For the quarter ending Q1 2026, EBITDA Margin rose 317.0% year-over-year to 24.2%; the trailing twelve-month figure through Mar 2026 stood at 71.06% (down 452.0% YoY), and the FY2025 full-year result was 63.56%, up 1316.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 24.2%, up from 100.08% in the prior quarter.
- The five-year high for EBITDA Margin was 70.45% in Q1 2022, with the low at 162.29% in Q2 2024.
- Historically, EBITDA Margin has averaged 27.94% across 5 years, with a median of 28.32% in 2023.
- Annual changes were most pronounced in 2024 — EBITDA Margin plunged 16767 bps — and 2025, when it jumped 8808 bps.
- MP Materials' EBITDA Margin stood at 49.3% in 2022, then tumbled by 252 bps to 75.16% in 2023, then climbed by 13 bps to 65.24% in 2024, then plunged by 53 bps to 100.08% in 2025, then surged by 76 bps to 24.2% in 2026.
- The last three EBITDA Margin figures came in at 24.2% (Q1 2026), 100.08% (Q4 2025), and 118.47% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA 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 | -24.20% |
| 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 | 10.99% |
| 10 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | -1,632.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -24.20% |
| Dec 31, 2025 | -100.08% |
| Sep 30, 2025 | -118.47% |
| Jun 30, 2025 | -74.21% |
| Mar 31, 2025 | -27.37% |
| Dec 31, 2024 | -65.24% |
| Sep 30, 2024 | -58.12% |
| Jun 30, 2024 | -162.29% |
| Mar 31, 2024 | -36.01% |
| Dec 31, 2023 | -75.16% |
| Sep 30, 2023 | -28.32% |
| Jun 30, 2023 | 5.38% |
| Mar 31, 2023 | 37.37% |
| Dec 31, 2022 | 49.30% |
| Sep 30, 2022 | 63.09% |
| Jun 30, 2022 | 68.84% |
| Mar 31, 2022 | 70.45% |
| Dec 31, 2021 | 58.90% |
| Sep 30, 2021 | 58.99% |
| Jun 30, 2021 | 50.81% |