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| Date | Value |
|---|---|
| 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 |