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MP Materials MP Gross margin

Gross margin at other companies

Westlake logo
WestlakeWLK
6.3%-8.0pp
Element Solutions logo
Element SolutionsESI
40.8%-1.2pp
Albemarle logo
AlbemarleALB
18.4%+14.9pp
Reliance logo
RelianceRS
28.6%-0.7pp
Martin Marietta Materials logo
Martin Marietta MaterialsMLM
27.3%+0.3pp
Steel Dynamics logo
Steel DynamicsSTLD
14%+0.6pp

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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Operating margin-54.6%-13.0pp
Net margin-50.5%
FCF margin-123.4%+141pp

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 gross margin?
MP Materials (MP) reported gross margin of 14.2% in Q1 2026.
How has MP Materials's gross margin changed year-over-year?
MP Materials's gross margin increased by 201.7% year-over-year, from 4.7% to 14.2%.
What is the long-term trend for MP Materials's gross margin?
Over 3 years (2022 to 2025), MP Materials's gross margin has grown at a -44.5% compound annual growth rate (CAGR), from 82.5% to 14.1%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.