MP Materials (MP) Inventory Average (2021 - 2026)
MP Materials' (MP) quarterly Inventory Average came in at $170.4 million in Q1 2026, up 41.4% YoY from $120.5 million in Q1 2025, and up 7.86% on a QoQ basis from $158.0 million in Q4 2025.
MP Materials (MP) Inventory Average (2021 - 2026) Analysis & Trends
MP Materials (MP) has 6 years of Inventory Average data on file, last reported at $170.4 million in Q1 2026.
- Quarterly Inventory Average rose 41.4% year-over-year to $170.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $170.4 million (up 41.4% YoY) and the FY2025 annual result came in at $139.7 million, up 37.61% from the prior year.
- Inventory Average advanced to $170.4 million in Q1 2026, from $158.0 million in the prior quarter.
- In the past five years, Inventory Average ranged from a high of $170.4 million in Q1 2026 to a low of $39.2 million in Q1 2022.
- A 5-year average of $96.0 million and a median of $101.8 million in 2024 frame the typical range for Inventory Average.
- Annual changes were most pronounced in 2022 — Inventory Average increased 15.95% — and 2024, when it surged 72.77%.
- Tracing MP's Inventory Average over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Inventory Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 246.35 Bn | 216.89 Bn | - | 6.20 Bn |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | 7.35 Bn |
| 3 | Teck Resources | 33.66 Bn | 28.45 Bn | 1.21 Bn | 2.13 Bn |
| 4 | MP Materials | 10.74 Bn | 8.26 Bn | 36.20 Mn | 171.31 Mn |
| 5 | Almonty Industries | 5.35 Bn | 4.46 Bn | 18.87 Mn | - |
| 6 | Materion | 4.81 Bn | 4.79 Bn | 104.34 Mn | 490.57 Mn |
| 7 | USA Rare Earth | 4.45 Bn | 4.45 Bn | -1.58 Mn | 34.34 Mn |
| 8 | Skeena Resources | 4.32 Bn | 3.90 Bn | - | - |
| 9 | Evolution Metals & Technologies | 2.49 Bn | 2.49 Bn | -115,000.00 | - |
| 10 | TMC the metals | 2.06 Bn | 1.96 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 171.31 Mn |
| 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 |