MP Materials (MP) Interest Coverage Ratio (2020 - 2026)
MP Materials (MP) reported Interest Coverage Ratio of 2.45 for Q1 2026, up 46.36% on a YoY basis from 1.67 in Q1 2025, and down 556.19% quarter-over-quarter from 0.37 in Q4 2025.
MP Materials (MP) Interest Coverage Ratio (2020 - 2026) Analysis & Trends
MP Materials has reported Interest Coverage Ratio for 6 years, with the latest figure at 2.45 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio rose 46.36% year-over-year to 2.45; the trailing twelve-month figure through Mar 2026 stood at 4.11 (up 33.48% YoY), and the FY2025 full-year result was 4.74, up 35.56% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 2.45, down from 0.37 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 24.25 in Q1 2023, with the low at 30.38 in Q4 2023.
- Historically, Interest Coverage Ratio has averaged 5.65 across 4 years, with a median of 6.5 in 2024.
- Annual changes were most pronounced in 2024 — Interest Coverage Ratio sank 2385.59% — and 2025, when it surged 94.26%.
- MP Materials' Interest Coverage Ratio stood at 30.38 in 2023, then surged by 78.6% to 6.5 in 2024, then surged by 94.26% to 0.37 in 2025, then plunged by 556.19% to 2.45 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.45 (Q1 2026), 0.37 (Q4 2025), and 7.82 (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 2 | Bhp | 421.29 Bn | 411.77 Bn | - | - |
| 3 | Skeena Resources | 17.36 Bn | 17.34 Bn | - | 19.17 |
| 4 | Ioneer | 10.78 Bn | 10.76 Bn | - | - |
| 5 | MP Materials | 10.54 Bn | 7.94 Bn | 16.40 Mn | -2.45 |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 3.72 |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | - |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | -8.48 |
| 10 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | -1,135.65 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.45 |
| Dec 31, 2025 | -0.37 |
| Sep 30, 2025 | -7.82 |
| Jun 30, 2025 | -8.11 |
| Mar 31, 2025 | -4.57 |
| Dec 31, 2024 | -6.50 |
| Sep 30, 2024 | -5.95 |
| Jun 30, 2024 | -7.93 |
| Mar 31, 2024 | -11.35 |
| Dec 31, 2023 | -30.38 |
| Sep 30, 2023 | -12.56 |
| Jun 30, 2023 | 0.35 |
| Mar 31, 2023 | 24.25 |
| Dec 31, 2021 | 22.95 |
| Sep 30, 2021 | 20.61 |
| Jun 30, 2021 | 12.30 |
| Mar 31, 2021 | 18.81 |
| Dec 31, 2020 | 5.42 |
| Sep 30, 2020 | 9.43 |
| Jun 30, 2020 | -57.45 |