MP Materials (MP) Tax Rate (2020 - 2026)

MP Materials (MP) reported Tax Rate of 41.59% for Q1 2026, up 2493.0% on a YoY basis from 1.6% in Q1 2025, and up 288.23% quarter-over-quarter from 10.71% in Q4 2025.

MP Materials (MP) Tax Rate (2020 - 2026) Analysis & Trends

MP Materials has reported Tax Rate for 7 years, with the latest figure at 41.59% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 2493.0% year-over-year to 41.59%; the trailing twelve-month figure through Mar 2026 stood at 31.7% (up 424.0% YoY), and the FY2025 full-year result was 27.09%, down 283.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 41.59%, up from 10.71% in the prior quarter.
  • The five-year high for Tax Rate was 42.73% in Q2 2023, with the low at 42.3% in Q4 2022.
  • Historically, Tax Rate has averaged 21.34% across 5 years, with a median of 24.89% in 2022.
  • Annual changes were most pronounced in 2022 — Tax Rate sank 5272 bps — and 2023, when it jumped 6359 bps.
  • MP Materials' Tax Rate stood at 42.3% in 2022, then surged by 150 bps to 21.29% in 2023, then soared by 61 bps to 34.21% in 2024, then slumped by 69 bps to 10.71% in 2025, then surged by 288 bps to 41.59% in 2026.
  • The last three Tax Rate figures came in at 41.59% (Q1 2026), 10.71% (Q4 2025), and 28.5% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (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 41.59%
6 Iperionx 8.57 Bn 8.52 Bn - -
7 Materion 4.58 Bn 4.57 Bn 81.84 Mn 7.33%
8 Sigma Lithium 4.36 Bn 4.36 Bn 25.57 Mn -
9 Americas Gold & Silver 4.00 Bn 3.87 Bn 16.76 Mn -15.99%
10 USA Rare Earth 2.20 Bn 2.20 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 41.59%
Mar 31, 2026 41.59%
Dec 31, 2025 10.71%
Dec 31, 2025 10.71%
Sep 30, 2025 28.50%
Sep 30, 2025 28.50%
Jun 30, 2025 27.74%
Jun 30, 2025 27.74%
Mar 31, 2025 16.66%
Mar 31, 2025 16.66%
Dec 31, 2024 34.21%
Dec 31, 2024 34.21%
Sep 30, 2024 26.82%
Sep 30, 2024 26.82%
Jun 30, 2024 29.28%
Jun 30, 2024 29.28%
Mar 31, 2024 30.23%
Mar 31, 2024 30.23%
Dec 31, 2023 21.29%
Dec 31, 2023 21.29%