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

MP Materials has reported Gross Margin for 7 years, with the latest figure at 18.1% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 160.0% year-over-year to 18.1%; the trailing twelve-month figure through Mar 2026 stood at 14.19% (up 948.0% YoY), and the FY2025 full-year result was 14.1%, up 857.0% from the prior year.
• Gross Margin for Q1 2026 stood at 18.1%, up from 14.49% in the prior quarter.
• The five-year high for Gross Margin was 86.06% in Q1 2022, with the low at 32.65% in Q2 2024.
• Historically, Gross Margin has averaged 38.1% across 5 years, with a median of 26.89% in 2024.
• Annual changes were most pronounced in 2024 — Gross Margin tumbled 9719 bps — and 2025, when it soared 4478 bps.
• MP Materials' Gross Margin stood at 73.69% in 2022, then slumped by 42 bps to 42.78% in 2023, then slumped by 90 bps to 4.46% in 2024, then surged by 225 bps to 14.49% in 2025, then climbed by 25 bps to 18.1% in 2026.
• The last three Gross Margin figures came in at 18.1% (Q1 2026), 14.49% (Q4 2025), and 9.48% (Q3 2025), per Business Quant data.