MP Materials (MP) Return on Capital Employed (2020 - 2026)
MP Materials (MP) reported Return on Capital Employed of 3.89% for Q1 2026, up 428.0% on a YoY basis from 0.74% in Q1 2025, and up 8.04% quarter-over-quarter from 4.23% in Q4 2025.
MP Materials (MP) Return on Capital Employed (2020 - 2026) Analysis & Trends
MP Materials has reported Return on Capital Employed for 7 years, with the latest figure at 3.89% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 428.0% year-over-year to 3.89%; the trailing twelve-month figure through Mar 2026 stood at 3.89% (up 428.0% YoY), and the FY2025 full-year result was 5.34%, up 247.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 3.89%, up from 4.23% in the prior quarter.
- The five-year high for Return on Capital Employed was 16.76% in Q3 2022, with the low at 8.17% in Q1 2025.
- Historically, Return on Capital Employed has averaged 1.53% across 5 years, with a median of 3.71% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 1486 bps — and 2023, when it plunged 1627 bps.
- MP Materials' Return on Capital Employed stood at 15.47% in 2022, then plunged by 105 bps to 0.8% in 2023, then slumped by 886 bps to 7.87% in 2024, then surged by 46 bps to 4.23% in 2025, then gained by 8 bps to 3.89% in 2026.
- The last three Return on Capital Employed figures came in at 3.89% (Q1 2026), 4.23% (Q4 2025), and 6.78% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (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 | -3.89% |
| 6 | Iperionx | 8.57 Bn | 8.52 Bn | - | - |
| 7 | Materion | 4.58 Bn | 4.57 Bn | 81.84 Mn | 7.14% |
| 8 | Sigma Lithium | 4.36 Bn | 4.36 Bn | 25.57 Mn | -20,966.96% |
| 9 | Americas Gold & Silver | 4.00 Bn | 3.87 Bn | 16.76 Mn | - |
| 10 | USA Rare Earth | 2.20 Bn | 2.20 Bn | - | -12.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.89% |
| Dec 31, 2025 | -4.23% |
| Sep 30, 2025 | -6.78% |
| Jun 30, 2025 | -7.78% |
| Mar 31, 2025 | -8.17% |
| Dec 31, 2024 | -7.87% |
| Sep 30, 2024 | -7.28% |
| Jun 30, 2024 | -6.23% |
| Mar 31, 2024 | -3.71% |
| Dec 31, 2023 | -0.80% |
| Sep 30, 2023 | 2.42% |
| Jun 30, 2023 | 6.79% |
| Mar 31, 2023 | 11.33% |
| Dec 31, 2022 | 15.47% |
| Sep 30, 2022 | 16.76% |
| Jun 30, 2022 | 16.28% |
| Mar 31, 2022 | 13.71% |
| Dec 31, 2021 | 9.13% |
| Sep 30, 2021 | 6.58% |
| Jun 30, 2021 | 4.57% |