MP Materials (MP) Return on Invested Capital [ROIC] (2021 - 2026)
MP Materials (MP) recorded Return on Invested Capital [ROIC] of -2.89% in Q2 2026, up 3.24 percentage points from -6.13% a year earlier and up 0.30 percentage points from the prior quarter.
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Analysis
MP Materials (MP) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, MP Materials reported Return on Invested Capital [ROIC] of -4.41%, up 1.51 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +0.04 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at -5.92% in FY2024 (-5.28 pp), -0.64% in FY2023 (-15.67 pp), 15.03% in FY2022 (+4.21 pp) and 10.82% in FY2021 (+15.26 pp).
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q1 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for four consecutive quarters, with an average year-over-year change of -1.38 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 12.53 percentage points in Q1 2022, against a drop of 14.82 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -3.19% (Q1 2026), -3.67% (Q4 2025) and -5.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 193.68 Bn | 159.81 Bn | - | - |
| 2 | Southern Copper | 171.36 Bn | 150.22 Bn | 2.90 Bn | - |
| 3 | Newmont | 121.76 Bn | 89.94 Bn | 4.03 Bn | 7.86% |
| 4 | Ternium | 113.51 Bn | 78.56 Bn | 941.02 Mn | 4.89% |
| 5 | Freeport-Mcmoran | 103.45 Bn | 99.60 Bn | 2.19 Bn | 11.56% |
| 6 | Agnico Eagle Mines | 91.92 Bn | 91.92 Bn | 2.43 Bn | 35.18% |
| 7 | Barrick Mining | 67.42 Bn | 52.16 Bn | 2.90 Bn | 29.31% |
| 8 | Nucor | 54.54 Bn | 45.08 Bn | 2.03 Bn | 11.01% |
| 9 | ArcelorMittal | 49.09 Bn | 30.12 Bn | - | 3.54% |
| 10 | MP Materials | 8.36 Bn | 6.91 Bn | 36.20 Mn | -2.89% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.89% |
| Mar 31, 2026 | -3.19% |
| Dec 31, 2025 | -3.67% |
| Sep 30, 2025 | -5.63% |
| Jun 30, 2025 | -6.13% |
| Mar 31, 2025 | -6.37% |
| Dec 31, 2024 | -5.99% |
| Sep 30, 2024 | -5.83% |
| Jun 30, 2024 | -5.11% |
| Mar 31, 2024 | -1.18% |
| Dec 31, 2023 | -0.63% |
| Sep 30, 2023 | 2.60% |
| Jun 30, 2023 | 6.80% |
| Mar 31, 2023 | 10.76% |
| Dec 31, 2022 | 14.18% |
| Sep 30, 2022 | 14.31% |
| Jun 30, 2022 | 14.12% |
| Mar 31, 2022 | 12.07% |
| Dec 31, 2021 | 8.30% |
| Sep 30, 2021 | 6.96% |
API Access
MP Materials Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();