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
DateValue
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%