Growth Metrics

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

MP Materials filings provide 6 years of Gross Margin readings, the most recent being 14.49% for Q4 2025.

  • On a quarterly basis, Gross Margin rose 1003.0% to 14.49% in Q4 2025 year-over-year; TTM through Dec 2025 was 14.1%, a 857.0% increase, with the full-year FY2025 number at 14.1%, up 857.0% from a year prior.
  • Gross Margin hit 14.49% in Q4 2025 for MP Materials, up from 9.48% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 97.16% in Q1 2023 to a low of 32.65% in Q2 2024.
  • Median Gross Margin over the past 5 years was 61.12% (2023), compared with a mean of 47.84%.
  • Biggest five-year swings in Gross Margin: plummeted -11951bps in 2021 and later surged 4478bps in 2025.
  • MP Materials' Gross Margin stood at 81.38% in 2021, then decreased by -9bps to 73.69% in 2022, then tumbled by -42bps to 42.78% in 2023, then crashed by -90bps to 4.46% in 2024, then skyrocketed by 225bps to 14.49% in 2025.
  • The last three reported values for Gross Margin were 14.49% (Q4 2025), 9.48% (Q3 2025), and 12.13% (Q2 2025) per Business Quant data.