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MP Materials MP Free cash flow margin

Free cash flow margin at other companies

Westlake logo
WestlakeWLK
-4.6%-5.3pp
Element Solutions logo
Element SolutionsESI
4.3%-6.6pp
Albemarle logo
AlbemarleALB
-2.8%-1.3pp
Reliance logo
RelianceRS
4.1%-2.9pp
Martin Marietta Materials logo
Martin Marietta MaterialsMLM
16.3%+5.6pp
Steel Dynamics logo
Steel DynamicsSTLD
3.5%+2.9pp

Other financials

Income statement

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Revenue$90.6M+49.1%
Gross profit$16.4M+36.9%
Operating income-$24.1M+30.6%
Net income-$8.0M+64.8%
EPS (diluted)-$0.04+71.4%

Balance sheet

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Cash & equivalents$887.1M+344%
Total debt$1.0B+10.8%
Total equity$2.0B+89.9%
Total assets$3.8B+62.2%

Cash flow

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Operating cash flow-$1.9M+97.0%
CapEx$77.4M+154%
Free cash flow-$79.3M+15.4%

Valuation

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Market cap$10.84B+115%
Enterprise value$10.97B+84.9%
P/S42.6×+19.3×

Profitability

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Gross margin14.2%+9.5pp
Operating margin-54.6%-13.0pp
Net margin-50.5%

Returns & leverage

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Return on equity-7.8%
Debt / equity0.5×-0.4×
Current ratio7.2×+3.1×

Where this comes from

Calculated from MP Materials’s reported figures.

Based on trailing twelve months.

The official record: MP Materials’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MP Materials's free cash flow margin?
MP Materials (MP) reported free cash flow margin of -123.4% in Q1 2026.
How has MP Materials's free cash flow margin changed year-over-year?
MP Materials's free cash flow margin decreased by 53.4% year-over-year, from -80.5% to -123.4%.
What is the long-term trend for MP Materials's free cash flow margin?
Over 4 years (2020 to 2025), MP Materials's free cash flow margin has grown at a 79.1% compound annual growth rate (CAGR), from -14.2% to -146.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.