About mp materials corp - MP
MP Materials Corp. engages in the production and marketing of rare earth specialty materials. It operates through the Materials and Magnetics segments. The Materials segment focuses on the operation of Mountain Pass, which produces refined rare earth oxides and related products, as well as rare earth concentrate products. The Magnetics segment is involved in the operation of Independence Facility, where the company began production of magnetic precursor products. The company was founded by James Henry Litinsky and Michael Rosenthal in 2017 and is headquartered in Las Vegas, NV.
MP At a Glance
MP Materials Corp.
1700 South Pavilion Center Drive
Las Vegas, Nevada 89135
| Phone | 1-702-844-6111 | Revenue | 275.46M | |
| Industry | Other Metals/Minerals | Net Income | -85,874,000.00 | |
| Sector | Non-Energy Minerals | 2025 Sales Growth | 35.124% | |
| Fiscal Year-end | 12 / 2026 | Employees | 998 | |
| View SEC Filings |
MP Valuation
| P/E Current | N/A |
| P/E Ratio (with extraordinary items) | N/A |
| P/E Ratio (without extraordinary items) | N/A |
| Price to Sales Ratio | 31.202 |
| Price to Book Ratio | 4.528 |
| Price to Cash Flow Ratio | N/A |
| Enterprise Value to EBITDA | -256.496 |
| Enterprise Value to Sales | 29.812 |
| Total Debt to Enterprise Value | 0.126 |
MP Efficiency
| Revenue/Employee | 276,009.018 |
| Income Per Employee | -86,046.092 |
| Receivables Turnover | 1.878 |
| Total Asset Turnover | 0.085 |
MP Liquidity
| Current Ratio | 7.242 |
| Quick Ratio | 6.669 |
| Cash Ratio | 6.123 |
MP Profitability
| Gross Margin | -2.396 |
| Operating Margin | -44.571 |
| Pretax Margin | -42.756 |
| Net Margin | -31.175 |
| Return on Assets | -2.659 |
| Return on Equity | -4.982 |
| Return on Total Capital | -2.506 |
| Return on Invested Capital | -3.227 |
MP Capital Structure
| Total Debt to Total Equity | 43.248 |
| Total Debt to Total Capital | 30.191 |
| Total Debt to Total Assets | 25.803 |
| Long-Term Debt to Equity | 48.522 |
| Long-Term Debt to Total Capital | 28.016 |
Mp Materials Corp in the News
Inside look at MP Materials amid the rare earth race
The public-private partnership between the Pentagon and MP Materials aims to triple magnet production capacity amid geopolitical tensions over rare earth supplies.
Trump reverses Biden block on Alaska project; US takes 10% stake to unlock critical minerals
The Trump administration invests $35.6 million in Canada's Trilogy Metals and overturns Biden's Alaska mining road restriction to unlock domestic critical minerals.
Apple backs Trump rare earth minerals push, invests $500M in US mine
EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently operating in the United States, according to multiple sources familiar with the deal.
MP Materials cuts off US rare earth to China amid ongoing tariff battle
The U.S.'s only rare earths mineral mine has ceased all shipments of rare earth concentrate to China stating materials under 125% tariffs is not commercially rational.