MP Materials (MP) Tax Rate (2020 - 2026)
MP Materials' (MP) quarterly Tax Rate came in at 41.59% in Q1 2026, up 2493.0% YoY from 1.6% in Q1 2025, and up 288.23% on a QoQ basis from 10.71% in Q4 2025.
MP Materials (MP) Tax Rate (2020 - 2026) Analysis & Trends
MP Materials (MP) has 7 years of Tax Rate data on file, last reported at 41.59% in Q1 2026.
- Quarterly Tax Rate rose 2493.0% year-over-year to 41.59% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 31.7% (up 424.0% YoY) and the FY2025 annual result came in at 27.09%, down 283.0% from the prior year.
- Tax Rate grew to 41.59% in Q1 2026, from 10.71% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 42.73% in Q2 2023 to a low of 42.3% in Q4 2022.
- A 5-year average of 21.34% and a median of 24.89% in 2022 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate sank 5272 bps — and 2023, when it jumped 6359 bps.
- Tracing MP's Tax Rate over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (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 | -39.41% |
| 4 | MP Materials | 9.79 Bn | 7.32 Bn | 36.20 Mn | 30.81% |
| 5 | Almonty Industries | 5.05 Bn | 4.16 Bn | 18.87 Mn | 3.32% |
| 6 | Materion | 4.85 Bn | 4.83 Bn | 104.34 Mn | 12.91% |
| 7 | Skeena Resources | 4.31 Bn | 3.89 Bn | - | - |
| 8 | USA Rare Earth | 3.94 Bn | 3.94 Bn | -1.58 Mn | 4.11% |
| 9 | Evolution Metals & Technologies | 2.06 Bn | 2.06 Bn | -115,000.00 | 0.43% |
| 10 | Nexa Resources | 1.86 Bn | 1.47 Bn | 257.20 Mn | -43.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 30.81% |
| Jun 30, 2026 | 30.81% |
| Jun 30, 2026 | 30.81% |
| Mar 31, 2026 | 41.59% |
| Mar 31, 2026 | 41.59% |
| Mar 31, 2026 | 41.59% |
| Dec 31, 2025 | 10.71% |
| Dec 31, 2025 | 10.71% |
| Dec 31, 2025 | 10.71% |
| Sep 30, 2025 | 28.50% |
| Sep 30, 2025 | 28.50% |
| Sep 30, 2025 | 28.50% |
| Jun 30, 2025 | 27.74% |
| Jun 30, 2025 | 27.74% |
| Jun 30, 2025 | 27.74% |
| Mar 31, 2025 | 16.66% |
| Mar 31, 2025 | 16.66% |
| Mar 31, 2025 | 16.66% |
| Dec 31, 2024 | 34.21% |
| Dec 31, 2024 | 34.21% |