MP Materials Corp. / DE (MP) Net Margin (2020 - 2026)
MP Materials' Net Margin came in at -18.71% for Q2 2026, up 35.08 percentage points from -53.79% a year earlier but down 9.92 percentage points from the prior quarter.
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MP Materials Corp. / DE (MP) Net Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, MP Materials reported Net Margin of -19.85%, up 22.02 percentage points year-over-year; for FY2025, it was -38.26%, down 6.17 percentage points from FY2024.
- Net Margin has declined in each of the last three years, with a five-year change of -22.01 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was -32.09% in FY2024 (-41.68 pp), 9.59% in FY2023 (-45.20 pp), 54.79% in FY2022 (+14.11 pp) and 40.68% in FY2021 (+56.93 pp).
- The five-year range for quarterly Net Margin is -108.95% (Q2 2024) to 71.86% (Q4 2022).
- Year-over-year, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +4.38 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q2 2025 (a gain of 55.16 percentage points), and the weakest in Q2 2024 (a drop of 120.50 percentage points).
- Business Quant data shows MP's Net Margin at -8.79% (Q1 2026), 17.89% (Q4 2025) and -78.02% (Q3 2025) in the three quarters before Q2 2026.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -18.71% |
| 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% |
API Access
MP Materials Corp. / DE Net Margin 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=net-margin&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();