MP Materials (MP) Operating Margin (2020 - 2026)

MP Materials has reported Operating Margin for 7 years, with the latest figure at 26.61% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 3058.0% year-over-year to 26.61%; the trailing twelve-month figure through Mar 2026 stood at 54.55% (up 2498.0% YoY), and the FY2025 full-year result was 66.55%, up 1656.0% from the prior year.
• Operating Margin for Q1 2026 stood at 26.61%, down from 7.01% in the prior quarter.
• The five-year high for Operating Margin was 69.18% in Q1 2022, with the low at 171.13% in Q2 2024.
• Historically, Operating Margin has averaged 29.72% across 5 years, with a median of 33.39% in 2023.
• Annual changes were most pronounced in 2024 — Operating Margin slumped 17188 bps — and 2025, when it jumped 9467 bps.
• MP Materials' Operating Margin stood at 40.18% in 2022, then slumped by 303 bps to 81.61% in 2023, then grew by 12 bps to 72.09% in 2024, then jumped by 90 bps to 7.01% in 2025, then slumped by 280 bps to 26.61% in 2026.
• The last three Operating Margin figures came in at 26.61% (Q1 2026), 7.01% (Q4 2025), and 125.15% (Q3 2025), per Business Quant data.