MP Materials (MP) Net Margin (2020 - 2026)
MP Materials (MP) reported Net Margin of 8.79% for Q1 2026, up 2845.0% on a YoY basis from 0.3% in Q1 2025, and down 149.13% quarter-over-quarter from 17.89% in Q4 2025.
MP Materials (MP) Net Margin (2020 - 2026) Analysis & Trends
MP Materials has reported Net Margin for 7 years, with the latest figure at 8.79% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 2845.0% year-over-year to 8.79%; the trailing twelve-month figure through Mar 2026 stood at 28.0% (up 2041.0% YoY), and the FY2025 full-year result was 38.26%, down 617.0% from the prior year.
- Net Margin for Q1 2026 stood at 8.79%, down from 17.89% in the prior quarter.
- The five-year high for Net Margin was 71.86% in Q4 2022, with the low at 108.95% in Q2 2024.
- Historically, Net Margin has averaged 4.94% across 5 years, with a median of 8.14% in 2023.
- Annual changes were most pronounced in 2024 — Net Margin tumbled 12050 bps — and 2025, when it soared 5516 bps.
- MP Materials' Net Margin stood at 71.86% in 2022, then sank by 155 bps to 39.46% in 2023, then rose by 7 bps to 36.63% in 2024, then surged by 149 bps to 17.89% in 2025, then plunged by 149 bps to 8.79% in 2026.
- The last three Net Margin figures came in at 8.79% (Q1 2026), 17.89% (Q4 2025), and 78.02% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Elevra Lithium | 556.97 Bn | 556.92 Bn | - | - |
| 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 | -8.79% |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 3.52% |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | 36.41% |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | -97.60% |
| 10 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | -1,434.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.79% |
| Dec 31, 2025 | 17.89% |
| Sep 30, 2025 | -78.02% |
| Jun 30, 2025 | -53.79% |
| Mar 31, 2025 | -37.24% |
| Dec 31, 2024 | -36.63% |
| Sep 30, 2024 | -40.55% |
| Jun 30, 2024 | -108.95% |
| Mar 31, 2024 | 33.87% |
| Dec 31, 2023 | -39.46% |
| Sep 30, 2023 | -8.14% |
| Jun 30, 2023 | 11.55% |
| Mar 31, 2023 | 39.13% |
| Dec 31, 2022 | 71.86% |
| Sep 30, 2022 | 50.77% |
| Jun 30, 2022 | 51.04% |
| Mar 31, 2022 | 51.46% |
| Dec 31, 2021 | 49.43% |
| Sep 30, 2021 | 42.87% |
| Jun 30, 2021 | 37.15% |