Growth Metrics

MP Materials (MP) Gross Margin (2020 - 2025)

MP Materials' Gross Margin history spans 6 years, with the latest figure at 14.49% for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin rose 1003.0% year-over-year to 14.49%, compared with a TTM value of 14.1% through Dec 2025, up 857.0%, and an annual FY2025 reading of 14.1%, up 857.0% over the prior year.
  • Gross Margin for Q4 2025 was 14.49% at MP Materials, up from 9.48% in the prior quarter.
  • The five-year high for Gross Margin was 97.16% in Q1 2023, with the low at 32.65% in Q2 2024.
  • Average Gross Margin over 5 years is 47.84%, with a median of 61.12% recorded in 2023.
  • Year-over-year, Gross Margin plummeted -11951bps in 2021 and then surged 4478bps in 2025.
  • Tracing MP's Gross Margin over 5 years: 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.
  • Per Business Quant, the three most recent readings for MP's Gross Margin are 14.49% (Q4 2025), 9.48% (Q3 2025), and 12.13% (Q2 2025).