MP Materials (MP) Inventory Average (2021 - 2026)

MP Materials (MP) reported Inventory Average of $170.4 million for Q1 2026, up 41.4% on a YoY basis from $120.5 million in Q1 2025, and up 7.86% quarter-over-quarter from $158.0 million in Q4 2025.

MP Materials (MP) Inventory Average (2021 - 2026) Analysis & Trends

MP Materials has reported Inventory Average for 6 years, with the latest figure at $170.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Inventory Average rose 41.4% year-over-year to $170.4 million; the trailing twelve-month figure through Mar 2026 stood at $170.4 million (up 41.4% YoY), and the FY2025 full-year result was $139.7 million, up 37.61% from the prior year.
  • Inventory Average for Q1 2026 stood at $170.4 million, up from $158.0 million in the prior quarter.
  • The five-year high for Inventory Average was $170.4 million in Q1 2026, with the low at $39.2 million in Q1 2022.
  • Historically, Inventory Average has averaged $96.0 million across 5 years, with a median of $101.8 million in 2024.
  • Annual changes were most pronounced in 2022 — Inventory Average increased 15.95% — and 2024, when it surged 72.77%.
  • MP Materials' Inventory Average stood at $59.6 million in 2022, then jumped by 44.6% to $86.2 million in 2023, then soared by 30.31% to $112.3 million in 2024, then surged by 40.66% to $158.0 million in 2025, then rose by 7.86% to $170.4 million in 2026.
  • The last three Inventory Average figures came in at $170.4 million (Q1 2026), $158.0 million (Q4 2025), and $136.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Inventory Avg. (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 39.22 Mn
2 Bhp 421.29 Bn 411.77 Bn - -
3 Skeena Resources 17.36 Bn 17.34 Bn - -
4 Ioneer 10.78 Bn 10.76 Bn - -
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 170.38 Mn
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 477.46 Mn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 18.67 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 USA Rare Earth 2.20 Bn 2.20 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 170.38 Mn
Dec 31, 2025 157.96 Mn
Sep 30, 2025 136.21 Mn
Jun 30, 2025 130.57 Mn
Mar 31, 2025 120.49 Mn
Dec 31, 2024 112.30 Mn
Sep 30, 2024 116.04 Mn
Jun 30, 2024 111.95 Mn
Mar 31, 2024 101.85 Mn
Dec 31, 2023 86.18 Mn
Sep 30, 2023 72.48 Mn
Jun 30, 2023 64.79 Mn
Mar 31, 2023 59.68 Mn
Dec 31, 2022 59.60 Mn
Sep 30, 2022 51.94 Mn
Jun 30, 2022 40.93 Mn
Mar 31, 2022 39.16 Mn
Dec 31, 2021 36.41 Mn
Sep 30, 2021 34.81 Mn
Jun 30, 2021 35.30 Mn