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MP Materials MP Total Cost of Revenue

Total Cost of Revenue at other companies

Westlake logo
WestlakeWLK
$2.54B-2.8%
Element Solutions logo
Element SolutionsESI
$517.3M+50.7%
Albemarle logo
AlbemarleALB
$927.77M+0.8%
Reliance logo
RelianceRS
$2.85B+16.4%
Martin Marietta Materials logo
Martin Marietta MaterialsMLM
$1.05B+24.2%
Steel Dynamics logo
Steel DynamicsSTLD
$4.44B+14.4%

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%
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

Reported directly by MP Materials in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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 total cost of revenue?
MP Materials (MP) reported total cost of revenue of $74.25M in Q1 2026.
How has MP Materials's total cost of revenue changed year-over-year?
MP Materials's total cost of revenue increased by 52.0% year-over-year, from $48.83M to $74.25M.
What is the long-term trend for MP Materials's total cost of revenue?
Over 3 years (2022 to 2025), MP Materials's total cost of revenue has grown at a 27.9% compound annual growth rate (CAGR), from $92.22M to $192.79M.
What does total cost of revenue mean?
The direct costs incurred to produce the goods or services sold by the company.
How do you interpret total cost of revenue?
A decrease relative to revenue indicates improved production efficiency or lower input costs, while an increase suggests rising production costs.
How does total cost of revenue compare across companies?
Standard across manufacturing and mining; peers report this as Cost of Goods Sold (COGS).