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MP Materials MP Return on invested capital

Return on invested capital at other companies

Idaho Strategic Resources logo
Idaho Strategic ResourcesIDR
30.6%+6.3pp
Energy Fuels logo
Energy FuelsUUUU
-9.9%-3.4pp
Materion logo
MaterionMTRN
8.7%
Perimeter Solutions logo
Perimeter SolutionsPRM
-10.1%
NewMarket logo
NewMarketNEU
16.2%-3.3pp
Cleveland-Cliffs logo
Cleveland-CliffsCLF
-6%-2.2pp

Other financials

Income statement

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Revenue$108.5M+89.0%
Gross profit$36.2M+420%
Operating income-$32.0M+27.0%
Net income-$20.3M+34.3%
EPS (diluted)-$0.11+42.1%

Balance sheet

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Cash & equivalents$429.1M+63.2%
Total debt$934.6M+1.7%
Total equity$2.0B+93.7%
Total assets$3.7B+59.5%

Cash flow

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Operating cash flow-$6.8M-87.4%
CapEx$230.3M+694%
Free cash flow-$237.2M-626%

Valuation

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Market cap$8.53B-28.7%
Enterprise value$9.03B-28.4%
P/S27.9×-21.4×

Profitability

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Gross margin21.4%+10.1pp
Operating margin-41.5%-11.4pp
Net margin-50.5%
FCF margin-169.7%-1,273pp

Returns & leverage

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Return on equity-7.8%
Debt / equity0.5×-0.4×
Current ratio9.5×+5.9×

Where this comes from

Calculated from MP Materials’s reported figures.

Based on trailing twelve months.

The source filing: MP Materials’s 8-K, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:04 PM EDT
Accession
0001801368-26-000047

FAQ

What is MP Materials's return on invested capital?
MP Materials (MP) reported return on invested capital of -6.1% in Q2 2026.
How has MP Materials's return on invested capital changed year-over-year?
MP Materials's return on invested capital increased by 35.1% year-over-year, from -9.5% to -6.1%.
What is the long-term trend for MP Materials's return on invested capital?
Over 4 years (2021 to 2025), MP Materials's return on invested capital has grown at a -29.0% compound annual growth rate (CAGR), from 33.6% to -8.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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