MP Materials (MP) Return on Capital Employed (2020 - 2026)
MP Materials' (MP) quarterly Return on Capital Employed came in at 3.89% in Q1 2026, up 428.0% YoY from 0.74% in Q1 2025, and up 8.04% on a QoQ basis from 4.23% in Q4 2025.
MP Materials (MP) Return on Capital Employed (2020 - 2026) Analysis & Trends
MP Materials (MP) has 7 years of Return on Capital Employed data on file, last reported at 3.89% in Q1 2026.
- Quarterly Return on Capital Employed rose 428.0% year-over-year to 3.89% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.89% (up 428.0% YoY) and the FY2025 annual result came in at 5.34%, up 247.0% from the prior year.
- Return on Capital Employed rose to 3.89% in Q1 2026, from 4.23% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 16.76% in Q3 2022 to a low of 8.17% in Q1 2025.
- A 5-year average of 1.53% and a median of 3.71% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 1486 bps — and 2023, when it plunged 1627 bps.
- Tracing MP's Return on Capital Employed over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Bhp | 238.03 Bn | 208.58 Bn | - | - |
| 2 | Rio Tinto | 201.39 Bn | 191.89 Bn | - | - |
| 3 | Teck Resources | 32.48 Bn | 27.27 Bn | 1.21 Bn | 32.45% |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | -3.52% |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | - |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 7.96% |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | - |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | -5.41% |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | 45.90% |
| 10 | Nexa Resources | 1.86 Bn | 1.47 Bn | 257.20 Mn | 19.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -3.52% |
| 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% |