MP Materials (MP) Free Cash Flow (2020 - 2026)
MP Materials' (MP) quarterly Free Cash Flow came in at -$79.3 million in Q1 2026, up 15.35% YoY from -$68.7 million in Q1 2025, and up 27.43% on a QoQ basis from -$109.3 million in Q4 2025.
MP Materials (MP) Free Cash Flow (2020 - 2026) Analysis & Trends
MP Materials (MP) has 7 years of Free Cash Flow data on file, last reported at -$79.3 million in Q1 2026.
- Quarterly Free Cash Flow rose 15.35% year-over-year to -$79.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$313.8 million (down 80.55% YoY) and the FY2025 annual result came in at -$328.1 million, down 89.59% from the prior year.
- Free Cash Flow climbed to -$79.3 million in Q1 2026, from -$109.3 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $66.0 million in Q1 2022 to a low of -$109.3 million in Q4 2025.
- A 5-year average of -$44.9 million and a median of -$47.7 million in 2023 frame the typical range for Free Cash Flow.
- Annual changes were most pronounced in 2022 — Free Cash Flow jumped 762.84% — and 2023, when it tumbled 1797.05%.
- Tracing MP's Free Cash Flow over 5 years: stood at -$83.2 million in 2022, then decreased by 4.31% to -$86.8 million in 2023, then soared by 87.12% to -$11.2 million in 2024, then plunged by 877.89% to -$109.3 million in 2025, then climbed by 27.43% to -$79.3 million in 2026.
- The last three Free Cash Flow figures came in at -$79.3 million (Q1 2026), -$109.3 million (Q4 2025), and -$92.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 246.38 Bn | 216.93 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 33.91 Bn | 28.71 Bn | 1.21 Bn | -561.71 Mn |
| 4 | MP Materials | 10.71 Bn | 8.24 Bn | 36.20 Mn | -223.49 Mn |
| 5 | Almonty Industries | 5.27 Bn | 4.38 Bn | 18.87 Mn | - |
| 6 | Materion | 4.79 Bn | 4.77 Bn | 104.34 Mn | 60.28 Mn |
| 7 | USA Rare Earth | 4.43 Bn | 4.43 Bn | -1.58 Mn | - |
| 8 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | 84.07 Mn |
| 9 | Evolution Metals & Technologies | 2.46 Bn | 2.46 Bn | -115,000.00 | - |
| 10 | TMC the metals | 2.15 Bn | 2.05 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -223.49 Mn |
| Jun 30, 2026 | -223.49 Mn |
| Mar 31, 2026 | -79.29 Mn |
| Mar 31, 2026 | -79.29 Mn |
| Dec 31, 2025 | -109.26 Mn |
| Dec 31, 2025 | -109.26 Mn |
| Sep 30, 2025 | -92.54 Mn |
| Sep 30, 2025 | -92.54 Mn |
| Jun 30, 2025 | -32.66 Mn |
| Jun 30, 2025 | -32.66 Mn |
| Mar 31, 2025 | -93.67 Mn |
| Mar 31, 2025 | -93.67 Mn |
| Dec 31, 2024 | -11.17 Mn |
| Dec 31, 2024 | -11.17 Mn |
| Sep 30, 2024 | -53.29 Mn |
| Sep 30, 2024 | -53.29 Mn |
| Jun 30, 2024 | -15.65 Mn |
| Jun 30, 2024 | -15.65 Mn |
| Mar 31, 2024 | -92.96 Mn |
| Mar 31, 2024 | -92.96 Mn |