MP Materials revenue MP
Sales by quarter and over the last twelve months, from 2020.
- Last 12 months, to Jun 30, 2026
- $305.4M
- Latest quarter, Q2 FY26
- $108.5M
- +89% on a year earlier
- Fiscal year 2025
- $224.4M
- +10% on the year before
MP Materials' revenue was $305.4M over the twelve months to Jun 30, 2026, up 26% on a year earlier.
In its latest quarter, Q2 FY26, it was $108.5M, up 89% on the same quarter a year before.
Over the five fiscal years to FY2025 it grew 11% a year on average.
Revenue over time
Fiscal year by fiscal year
| Fiscal year | Revenue | Change |
|---|---|---|
| FY2025 | $224.4M | +10% |
| FY2024 | $203.9M | −20% |
| FY2023 | $253.4M | −52% |
| FY2022 | $527.5M | +59% |
| FY2021 | $332M | +147% |
| FY2020 | $134.3M | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Revenue | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q2 FY26 | $108.5M | +89% | $305.4M | |
| Q1 FY26 | $90.6M | +49% | $254.3M | |
| Q4 FY25 | $52.7M | −14% | $224.4M | |
| Q3 FY25 | $53.6M | −15% | $232.7M | |
| Q2 FY25 | $57.4M | +84% | $242.1M | |
| Q1 FY25 | $60.8M | +25% | $216M | |
| Q4 FY24 | $61M | +48% | $203.9M | |
| Q3 FY24 | $62.9M | +20% | $184.1M | |
| Q2 FY24 | $31.3M | −51% | $173.7M | |
| Q1 FY24 | $48.7M | −49% | $206.4M | |
| Q4 FY23 | $41.2M | −56% | $253.4M | |
| Q3 FY23 | $52.5M | −58% | $305.5M |
Against its peers
Companies in Basic Materials nearest MP Materials' size, closest first, today.
| Company | Revenue, 12 months | Growth |
|---|---|---|
| MPMP Materials | $305.4M | +26% a year |
| AXTAAxalta Coating Systems | $5.2B | −1% a year |
| EMNEastman Chemical | $8.9B | −5% a year |
| HXLHexcel | $2B | +5% a year |
| NEUNewmarket | $2.7B | −1% a year |
| SSRMSSR Mining | $1.9B | +48% a year |
| ESIElement Solutions | $3.2B | +27% a year |
| SXTSensient Technologies | $1.7B | +8% a year |
| BCPCBalchem | $1.1B | +9% a year |
| CTVACorteva | $17.8B | +4% a year |
| EXPEagle Materials | $2.3B | +2% a year |
| Peer median | $2.5B |
Where MP Materials ranks
What the revenue tells you
Total sales in the period. On the company page, quarterly bars or the trailing twelve months (TTM), which smooths seasonality.
Growing revenue with shrinking margins is a warning, not a win.
More on MP Materials
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.