MP Materials (MP) Tax Rate (2021 - 2025)
MP Materials (MP) recorded Tax Rate of 30.81% in Q2 2026, up 3.07 percentage points from 27.74% a year earlier but down 10.78 percentage points from the prior quarter.
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Analysis
MP Materials (MP) Tax Rate (2021 - 2025) Analysis & Trends
On a TTM basis, MP Materials' Tax Rate came in at 33.28% as of Jun 30, 2026, up 6.36 percentage points year-over-year; for FY2025, it came in at 27.09%, down 2.83 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -17.61 percentage points (FY2020 to FY2025).
- Across earlier years, Tax Rate came in at 29.91% in FY2024 (+3.40 pp), 26.51% in FY2023 (+11.22 pp), 15.29% in FY2022 (-0.42 pp) and 15.70% in FY2021 (-28.99 pp).
- Quarterly Tax Rate has ranged from -42.30% in Q4 2022 to 42.73% in Q2 2023 over the past five years.
- On a year-over-year basis, Tax Rate rose in five of the last eight quarters, with an average year-over-year change of +3.29 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 295.20 percentage points in Q4 2021, against a drop of 52.72 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 41.59% (Q1 2026), 10.71% (Q4 2025) and 28.50% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 179.45 Bn | 145.58 Bn | - | - |
| 2 | Southern Copper | 169.08 Bn | 147.94 Bn | 2.90 Bn | - |
| 3 | Newmont | 122.31 Bn | 90.49 Bn | 4.03 Bn | 31.74% |
| 4 | Ternium | 109.20 Bn | 74.25 Bn | 941.02 Mn | - |
| 5 | Freeport-Mcmoran | 103.31 Bn | 99.46 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 92.04 Bn | 92.04 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 68.84 Bn | 53.58 Bn | 2.90 Bn | - |
| 8 | Nucor | 55.48 Bn | 46.02 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 53.16 Bn | 34.19 Bn | - | - |
| 10 | MP Materials | 8.27 Bn | 6.81 Bn | 36.20 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 10.71% |
| Mar 31, 2024 | 30.23% |
| Jun 30, 2023 | 42.73% |
| Mar 31, 2023 | 17.33% |
| Sep 30, 2022 | 24.89% |
| Jun 30, 2022 | 24.18% |
| Mar 31, 2022 | 24.50% |
| Dec 31, 2021 | 10.42% |
| Sep 30, 2021 | 17.07% |
| Jun 30, 2021 | 18.49% |
| Mar 31, 2021 | 21.79% |
API Access
MP Materials Tax Rate 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=tax-rate&ticker=MP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=MP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();