MP Materials (MP) Inventory (2019 - 2026)
MP Materials' (MP) quarterly Inventory came in at $169.2 million in Q1 2026, up 27.13% YoY from $133.1 million in Q1 2025, and down 1.38% on a QoQ basis from $171.6 million in Q4 2025.
MP Materials (MP) Inventory (2019 - 2026) Analysis & Trends
MP Materials (MP) has 8 years of Inventory data on file, last reported at $169.2 million in Q1 2026.
- Quarterly Inventory rose 27.13% year-over-year to $169.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $169.2 million (up 27.13% YoY) and the FY2025 annual result came in at $171.6 million, up 58.99% from the prior year.
- Inventory declined to $169.2 million in Q1 2026, from $171.6 million in the prior quarter.
- In the past five years, Inventory ranged from a high of $171.6 million in Q4 2025 to a low of $39.6 million in Q1 2022.
- A 5-year average of $99.9 million and a median of $107.9 million in 2024 frame the typical range for Inventory.
- Annual changes were most pronounced in 2022 — Inventory jumped 80.64% — and 2025, when it advanced 10.98%.
- Tracing MP's Inventory over 5 years: stood at $57.6 million in 2022, then jumped by 65.38% to $95.2 million in 2023, then grew by 13.37% to $107.9 million in 2024, then jumped by 58.99% to $171.6 million in 2025, then declined by 1.38% to $169.2 million in 2026.
- The last three Inventory figures came in at $169.2 million (Q1 2026), $171.6 million (Q4 2025), and $144.4 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | 6.59 Bn |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | 7.73 Bn |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | 2.22 Bn |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 173.43 Mn |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 6.26 Mn |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 487.44 Mn |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | - |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | 50.14 Mn |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | 1.50 Mn |
| 10 | Nexa Resources | 1.86 Bn | 1.47 Bn | 257.20 Mn | 485.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 173.43 Mn |
| Mar 31, 2026 | 169.19 Mn |
| Dec 31, 2025 | 171.56 Mn |
| Sep 30, 2025 | 144.37 Mn |
| Jun 30, 2025 | 128.05 Mn |
| Mar 31, 2025 | 133.08 Mn |
| Dec 31, 2024 | 107.91 Mn |
| Sep 30, 2024 | 116.70 Mn |
| Jun 30, 2024 | 115.38 Mn |
| Mar 31, 2024 | 108.51 Mn |
| Dec 31, 2023 | 95.18 Mn |
| Sep 30, 2023 | 77.18 Mn |
| Jun 30, 2023 | 67.78 Mn |
| Mar 31, 2023 | 61.80 Mn |
| Dec 31, 2022 | 57.55 Mn |
| Sep 30, 2022 | 61.65 Mn |
| Jun 30, 2022 | 42.24 Mn |
| Mar 31, 2022 | 39.62 Mn |
| Dec 31, 2021 | 38.69 Mn |
| Sep 30, 2021 | 34.13 Mn |