What are MP Materials's profit margins?

MP Materials (MP) runs a 14.2% gross margin and a -54.6% operating margin, with a -50.5% net margin.

Where do MP Materials's ratios come from?

Every ratio is computed from MP Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

MP Materials MP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	14.2%+9.5pp	14.1%+8.6pp	11.5%-15.0pp	11.3%-36.7pp	4.7%-60.0pp
Operating margin	-54.6%+25.0pp	-66.6%+16.6pp	-81.5%+4.9pp	-67%+12.0pp	-79.5%-39.3pp
EBITDA margin	-15.2%+26.8pp	-26.8%+18.0pp	-44.2%+1.7pp	-32.4%+5.1pp	-42%-33.7pp
Free cash flow margin	-123.4%-42.9pp	-146.2%-61.3pp	-98.8%+36.2pp	-78.8%+61.1pp	-80.5%+51.9pp
Returns
Return on invested capital	-7.2%+2.5pp	-8.5%+1.2pp	-10.7%-0.9pp	-9.5%0.0pp	-9.7%-4.4pp
Efficiency
Asset turnover	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Inventory turnover	3.7×-8.1×	3.9×-8.0×	5×-4.7×	6.9×-3.2×	11.8×+2.0×
Liquidity
Current ratio	7.2×+3.1×	7.2×+1.0×	8×+1.1×	3.6×-3.3×	4.1×-6.2×
Quick ratio	6.8×+2.8×	7×+0.8×	7.8×+1.0×	3.4×-3.4×	4×-6.1×
Cash ratio	3.1×+2.3×	3.9×+2.2×	4.3×+2.3×	1×-0.9×	0.8×-2.0×
Leverage
Debt-to-equity	0.5×-0.4×	0.5×-0.4×	0.5×-0.4×	0.9×+0.1×	0.9×+0.1×
Debt-to-assets	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×	0.4×0.0×	0.4×0.0×
Interest coverage	-4.1×+2.1×	-4.7×+2.6×	-6.7×+2.5×	-6.1×+5.2×	-6.2×+6.1×
Per Share
Book value per share	$11.05+74.7%	$11.63+87.3%	$11.23+73.1%	$6.17-8.0%	$6.33+3.9%
Valuation
Market capitalization	$8.57B+115%	$8.95B+252%	$11.88B+307%	$5.71B+157%	$3.99B+59.8%
Enterprise value	$8.7B+84.9%	$8.8B+177%	$11.74B+228%	$6.36B+122%	$4.71B+49.8%
Price / sales	33.7×+15.2×	39.9×+27.4×	51×+35.2×	23.6×+10.8×	18.5×+6.4×
Price / book	4.4×+0.5×	4.5×+2.1×	6×+3.3×	5.6×+3.6×	3.9×+1.7×
EV / sales	34.2×+12.4×	39.2×+23.6×	50.4×+31.0×	26.3×+9.8×	21.8×+6.6×
Free cash flow yield	-3.7%+0.7pp	-3.7%+3.1pp	-1.9%+6.6pp	-3.3%+7.6pp	-4.4%+6.6pp

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Questions, answered.

What are MP Materials's profit margins?: MP Materials (MP) runs a 14.2% gross margin and a -54.6% operating margin, with a -50.5% net margin.
Where do MP Materials's ratios come from?: Every ratio is computed from MP Materials's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.