MP Materials (MP) Non-Current Debt (2020 - 2026)
MP Materials (MP) reported Non-Current Debt of $934.58 million for Q2 2026, up 10.8% from $843.37 million a year earlier and up 0.2% from the prior quarter.
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Analysis
MP Materials (MP) Non-Current Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, MP Materials posted Non-Current Debt of $931.33 million, up 2.5% from FY2024.
- Non-Current Debt has increased for four consecutive years, with a five-year compound annual growth rate of 295.6% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $908.73 million in FY2024 (+33.2%), $681.98 million in FY2023 (+0.5%), $678.44 million in FY2022 (+0.5%) and $674.93 million in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Non-Current Debt since Q3 2024.
- Year over year, Non-Current Debt has now increased in each of the last three quarters, with growth averaging 9.3% over the last eight quarters.
- The high point for year-over-year Non-Current Debt in five years was Q1 2024 (growth of 37.7%); the low point was Q1 2025 (a decline of 10.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $932.94 million (Q1 2026), $931.33 million (Q4 2025) and $929.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | -1.23 Bn |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | 7.99 Bn |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 5.08 Bn |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | 3.99 Bn |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 8.17 Bn |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | 196.83 Mn |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | 84.00 Mn |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 6.39 Bn |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | 11.73 Bn |
| 10 | MP Materials | 8.27 Bn | 6.81 Bn | 36.20 Mn | 934.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 934.58 Mn |
| Mar 31, 2026 | 932.94 Mn |
| Dec 31, 2025 | 931.33 Mn |
| Sep 30, 2025 | 929.75 Mn |
| Jun 30, 2025 | 843.37 Mn |
| Mar 31, 2025 | 842.42 Mn |
| Dec 31, 2024 | 908.73 Mn |
| Sep 30, 2024 | 937.63 Mn |
| Jun 30, 2024 | 936.61 Mn |
| Mar 31, 2024 | 935.59 Mn |
| Dec 31, 2023 | 681.98 Mn |
| Sep 30, 2023 | 681.09 Mn |
| Jun 30, 2023 | 680.21 Mn |
| Mar 31, 2023 | 679.33 Mn |
| Dec 31, 2022 | 678.44 Mn |
| Sep 30, 2022 | 677.56 Mn |
| Jun 30, 2022 | 676.68 Mn |
| Mar 31, 2022 | 675.80 Mn |
| Dec 31, 2021 | 674.93 Mn |
| Sep 30, 2021 | 674.05 Mn |
API Access
MP Materials Non-Current Debt 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=non-current-debt&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();