MP Materials (MP) FCF Margin (2020 - 2026)
MP Materials' FCF Margin came in at -206.00% for Q2 2026, down 149.09 percentage points from -56.91% a year earlier and down 118.53 percentage points from the prior quarter.
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Analysis
MP Materials (MP) FCF Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, MP Materials reported FCF Margin of -165.23%, down 86.43 percentage points year-over-year; for FY2025, it was -146.20%, down 61.30 percentage points from FY2024.
- FCF Margin has declined in each of the last three years, with a five-year change of -131.98 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was -84.90% in FY2024 (-6.30 pp), -78.60% in FY2023 (-81.80 pp), 3.21% in FY2022 (+9.80 pp) and -6.60% in FY2021 (+7.62 pp).
- The five-year range for quarterly FCF Margin is -210.54% (Q4 2023) to 39.72% (Q1 2022).
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of -16.42 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2024 (a gain of 192.21 percentage points), and the weakest in Q4 2025 (a drop of 189.06 percentage points).
- Business Quant data shows MP's FCF Margin at -87.46% (Q1 2026), -207.38% (Q4 2025) and -172.81% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 169.82 Bn | 148.61 Bn | 2.90 Bn | 36.51% |
| 3 | Rio Tinto | 143.34 Bn | 103.84 Bn | - | - |
| 4 | Newmont | 125.21 Bn | 93.21 Bn | 4.03 Bn | 36.04% |
| 5 | Freeport-Mcmoran | 99.93 Bn | 83.97 Bn | 2.19 Bn | 13.43% |
| 6 | Agnico Eagle Mines | 94.07 Bn | 83.70 Bn | 2.43 Bn | 77.66% |
| 7 | Barrick Mining | 69.49 Bn | 44.69 Bn | 2.90 Bn | 9.73% |
| 8 | Nucor | 59.71 Bn | 49.09 Bn | 2.03 Bn | 7.97% |
| 9 | ArcelorMittal | 48.32 Bn | 27.34 Bn | - | 12.31% |
| 10 | MP Materials | 7.02 Bn | 5.57 Bn | 36.20 Mn | -206.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -206.00% |
| Mar 31, 2026 | -87.46% |
| Dec 31, 2025 | -207.38% |
| Sep 30, 2025 | -172.81% |
| Jun 30, 2025 | -56.91% |
| Mar 31, 2025 | -154.03% |
| Dec 31, 2024 | -18.32% |
| Sep 30, 2024 | -84.68% |
| Jun 30, 2024 | -50.05% |
| Mar 31, 2024 | -190.95% |
| Dec 31, 2023 | -210.54% |
| Sep 30, 2023 | -90.77% |
| Jun 30, 2023 | -71.55% |
| Mar 31, 2023 | -19.82% |
| Dec 31, 2022 | -89.19% |
| Sep 30, 2022 | 2.26% |
| Jun 30, 2022 | 21.76% |
| Mar 31, 2022 | 39.72% |
| Dec 31, 2021 | -6.00% |
| Sep 30, 2021 | -19.28% |
API Access
MP Materials FCF Margin 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=fcf-margin&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();