MP Materials (MP) Invested Capital (2019 - 2026)

MP Materials (MP) reported Invested Capital of $3.0 billion for Q1 2026, up 52.51% on a YoY basis from $1.9 billion in Q1 2025, and little changed quarter-over-quarter from $3.0 billion in Q4 2025.

MP Materials (MP) Invested Capital (2019 - 2026) Analysis & Trends

MP Materials has reported Invested Capital for 8 years, with the latest figure at $3.0 billion in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital rose 52.51% year-over-year to $3.0 billion; the trailing twelve-month figure through Mar 2026 stood at $3.0 billion (up 52.51% YoY), and the FY2025 full-year result was $3.0 billion, up 51.63% from the prior year.
  • Invested Capital for Q1 2026 stood at $3.0 billion, roughly flat from $3.0 billion in the prior quarter.
  • The five-year high for Invested Capital was $3.0 billion in Q4 2025, with the low at $1.1 billion in Q3 2024.
  • Historically, Invested Capital has averaged $1.9 billion across 5 years, with a median of $1.9 billion in 2025.
  • Annual changes were most pronounced in 2024 — Invested Capital sank 48.25% — and 2025, when it jumped 178.25%.
  • MP Materials' Invested Capital stood at $2.0 billion in 2022, then plunged by 31.17% to $1.4 billion in 2023, then surged by 43.27% to $2.0 billion in 2024, then surged by 51.63% to $3.0 billion in 2025, then slipped by 0.33% to $3.0 billion in 2026.
  • The last three Invested Capital figures came in at $3.0 billion (Q1 2026), $3.0 billion (Q4 2025), and $3.0 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Elevra Lithium 556.97 Bn 556.92 Bn - 318.79 Mn
2 Bhp 421.29 Bn 411.77 Bn - 24.59 Bn
3 Skeena Resources 17.36 Bn 17.34 Bn - 131.49 Mn
4 Ioneer 10.78 Bn 10.76 Bn - 1.23 Bn
5 MP Materials 10.54 Bn 7.94 Bn 16.40 Mn 2.97 Bn
6 Iperionx 8.57 Bn 8.52 Bn - 111.55 Mn
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 1.45 Bn
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn 120.59 Mn
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -
10 USA Rare Earth 2.20 Bn 2.20 Bn - 495.16 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.97 Bn
Dec 31, 2025 2.98 Bn
Sep 30, 2025 2.96 Bn
Jun 30, 2025 1.92 Bn
Mar 31, 2025 1.95 Bn
Dec 31, 2024 1.96 Bn
Sep 30, 2024 1.06 Bn
Jun 30, 2024 1.11 Bn
Mar 31, 2024 1.14 Bn
Dec 31, 2023 1.37 Bn
Sep 30, 2023 2.06 Bn
Jun 30, 2023 2.05 Bn
Mar 31, 2023 2.03 Bn
Dec 31, 2022 1.99 Bn
Sep 30, 2022 1.92 Bn
Jun 30, 2022 1.85 Bn
Mar 31, 2022 1.77 Bn
Dec 31, 2021 1.02 Bn
Sep 30, 2021 1.63 Bn
Jun 30, 2021 1.58 Bn