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MP Materials Corp. / DE (MP) stock

MPNYSEMetal MiningFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 5/30
$36.73+0.27 (+0.74%)

Close on Nov 11, 2026Market cap $6.54BP/E –Yield –

MP Materials Corp. / DE grew revenue 71.6% to $399.48M over the twelve months to Sep 30, 2026. Free cash flow was -$537.27M. At the latest close the market valued the company at $6.54B.

Revenue
$399.48M
+71.6% vs. a year earlier
Operating income
-$81.90M
TTM Q3 2026
Free cash flow
-$537.27M
TTM Q3 2026
EPS, diluted
-$0.22
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$6.54B
P/E ratio
–
Price to sales
16.38
Price to book
3.35
Dividend yield
–
Free cash flow yield
-8.21%

Fundamentals

Revenue
$399.48M
Net income
-$39.55M
EPS, diluted
-$0.22
Free cash flow
-$537.27M
Book value per share
$10.92
Diluted shares
179M

Trading

Next earnings
Feb 25, 2027 (estimated, after the close)
Previous close
$36.46
Open
$37.20
Day's range
$36.71 – $38.25
Volume
5,193,921
Average volume (20 days)
5,885,576
Index membership
S&P MidCap 400 (since Nov 2025), Russell 1000 (since Jun 2022), Russell 3000 (since Aug 2021)
Beta (5 years)
1.35
52-week range
$31.90 – $76.80
RSI (14 days)
40.2
Volatility (1 year)
68.4%
Relative volume
0.88×
WACC
10.7%

On 1 of our idea list: Most shorted (a warning list)

Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2020, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodMPS&P 500DifferenceMP per yearS&P 500 per year
1 month-20.4%-2.4%−18.0 pts
3 months-33.5%-1.2%−32.4 pts
Year to date-27.3%+12.3%−39.6 pts
1 year-40.7%+12.4%−53.2 pts
3 years+145.9%+78.8%+67.0 pts+35.0%+21.4%
5 years-13.9%+75.2%−89.1 pts-2.9%+11.9%

Eight years at a glance

Fiscal years 2018 to 2025 and trailing twelve months, USD

Revenue

$399.48M+71.6% YoY

Gross profit

$122.26M+357.2% YoY

Operating income

-$81.90M

Net income

-$39.55M

EPS, diluted

-$0.22

Free cash flow

-$537.27M
Reported periodTrailing twelve months

Press releases

Releases MP Materials Corp. / DE filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About MP Materials Corp. / DE

Metal Mining

MP Materials Corp. produces rare earth materials and manufactures permanent magnets through two reportable segments: Materials and Magnetics. The Materials segment encompasses upstream and midstream operations that extract, process, and refine rare earth elements, primarily producing neodymium-praseodymium oxide and metal, heavy rare earth products, and other separated oxides. The Magnetics segment comprises downstream manufacturing, transforming refined oxides into magnetic precursor products, alloy flakes, and finished neodymium-iron-boron permanent magnets. The company supplies rare earth oxides and metals to industrial and commercial purchasers in Japan, South Korea, and broader Asia, and sells magnets and magnetic materials to automotive, technology, and defense customers, including General Motors, Apple, and the United States Department of War.

Company profile, executives and history

MP Materials Corp. / DE stock: common questions

What is MP Materials Corp. / DE's stock price?

MP closed at $36.73 on Nov 11, 2026, up 0.74% on the day. Over the past 52 weeks it traded between $31.90 and $76.80.

What is MP Materials Corp. / DE's market cap?

MP Materials Corp. / DE was worth $6.54B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is MP's P/E ratio?

MP Materials Corp. / DE lost money over the twelve months to Sep 30, 2026 (diluted EPS -$0.22), so it has no meaningful P/E ratio.

How much revenue does MP Materials Corp. / DE make?

MP Materials Corp. / DE reported revenue of $399.48M for the twelve months to Sep 30, 2026, up 71.6% from a year earlier.

Does MP Materials Corp. / DE pay a dividend?

No. MP Materials Corp. / DE has not paid a cash dividend over the last twelve months.

When does MP Materials Corp. / DE report earnings next?

MP Materials Corp. / DE is expected to report Q4 FY2026 results on Feb 25, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has MP stock performed over the past year?

Including dividends, MP returned -40.7% over the past year, against +12.4% for the S&P 500.

How many MP shares are sold short?

36M shares were sold short at the latest FINRA report, 21.99% of the float, or 7.6 days of average trading volume.

Who are MP Materials Corp. / DE's competitors?

Companies most similar to MP Materials Corp. / DE by business, industry and size include USAS, GSM, DYNR, AUGO, SGML.

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