MP Materials (MP) Invested Capital (2019 - 2026)
MP Materials' Invested Capital came in at $2.89 billion for Q2 2026, up 50.5% from $1.92 billion a year earlier but down 2.5% from the prior quarter.
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Analysis
MP Materials (MP) Invested Capital (2019 - 2026) Analysis & Trends
For FY2025, MP Materials' Invested Capital was $2.98 billion, up 51.6% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 27.7% (FY2020 to FY2025).
- Going back by year, Invested Capital was $1.96 billion in FY2024 (-4.1%), $2.05 billion in FY2023 (+2.8%), $1.99 billion in FY2022 (+17.1%) and $1.7 billion in FY2021 (+93.8%).
- The five-year range for quarterly Invested Capital is $1.66 billion (Q3 2021) to $2.98 billion (Q4 2025).
- Year-over-year, Invested Capital has increased for four consecutive quarters, with growth averaging 22.9% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2021 (growth of 93.8%), and the weakest in Q1 2025 (a decline of 6.1%).
- Business Quant data shows MP's Invested Capital at $2.97 billion (Q1 2026), $2.98 billion (Q4 2025) and $2.96 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 181.90 Bn | 148.03 Bn | - | 71.30 Bn |
| 2 | Southern Copper | 169.19 Bn | 148.06 Bn | 2.90 Bn | 20.70 Bn |
| 3 | Newmont | 121.55 Bn | 89.73 Bn | 4.03 Bn | 40.50 Bn |
| 4 | Ternium | 108.92 Bn | 73.97 Bn | 941.02 Mn | 24.55 Bn |
| 5 | Freeport-Mcmoran | 100.46 Bn | 96.62 Bn | 2.19 Bn | 41.61 Bn |
| 6 | Agnico Eagle Mines | 91.62 Bn | 91.62 Bn | 2.43 Bn | 28.80 Bn |
| 7 | Barrick Mining | 68.12 Bn | 52.86 Bn | 2.90 Bn | 36.87 Bn |
| 8 | Nucor | 53.04 Bn | 43.58 Bn | 2.03 Bn | 30.37 Bn |
| 9 | ArcelorMittal | 50.74 Bn | 31.77 Bn | - | 80.28 Bn |
| 10 | MP Materials | 8.42 Bn | 6.97 Bn | 36.20 Mn | 2.89 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.89 Bn |
| 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 | 2.00 Bn |
| Jun 30, 2024 | 2.05 Bn |
| Mar 31, 2024 | 2.07 Bn |
| Dec 31, 2023 | 2.05 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 | 1.70 Bn |
| Sep 30, 2021 | 1.66 Bn |
API Access
MP Materials Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "MP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();