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MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America. The company is also developing a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas. The company’s operations are organized into two reportable segments: Materials and Magnetics.
2020
804
LTM Revenue $249M
LTM EBITDA -$38.0M
$10.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
MP Materials has a last 12-month revenue (LTM) of $249M and a last 12-month EBITDA of -$38.0M.
In the most recent fiscal year, MP Materials achieved revenue of $204M and an EBITDA of $7.7M.
MP Materials expects next 12-month revenue of XXX and NTM EBITDA of XXX
See MP Materials valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $249M | XXX | $204M | XXX | XXX | XXX |
| Gross Profit | $37.5M | XXX | -$66.8M | XXX | XXX | XXX |
| Gross Margin | 15% | XXX | -33% | XXX | XXX | XXX |
| EBITDA | -$38.0M | XXX | $7.7M | XXX | XXX | XXX |
| EBITDA Margin | -15% | XXX | 4% | XXX | XXX | XXX |
| EBIT | -$131M | XXX | -$164M | XXX | XXX | XXX |
| EBIT Margin | -53% | XXX | -80% | XXX | XXX | XXX |
| Net Profit | -$89.0M | XXX | -$65.4M | XXX | XXX | XXX |
| Net Margin | -36% | XXX | -32% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $626M | XXX | XXX | XXX |
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As of July 31, 2025, MP Materials's stock price is $61.
MP Materials has current market cap of $10.8B, and EV of $10.9B.
See MP Materials trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10.9B | $10.8B | XXX | XXX | XXX | XXX | $-0.48 |
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Start Free TrialAs of July 31, 2025, MP Materials has market cap of $10.8B and EV of $10.9B.
MP Materials's trades at 53.6x EV/Revenue multiple, and 1416.0x EV/EBITDA.
Equity research analysts estimate MP Materials's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MP Materials has a P/E ratio of -121.0x.
See valuation multiples for MP Materials and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10.8B | XXX | $10.8B | XXX | XXX | XXX |
| EV (current) | $10.9B | XXX | $10.9B | XXX | XXX | XXX |
| EV/Revenue | 43.9x | XXX | 53.6x | XXX | XXX | XXX |
| EV/EBITDA | -287.6x | XXX | 1416.0x | XXX | XXX | XXX |
| EV/EBIT | -83.1x | XXX | -66.8x | XXX | XXX | XXX |
| EV/Gross Profit | 291.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | -121.0x | XXX | -164.7x | XXX | XXX | XXX |
| EV/FCF | -75.1x | XXX | -63.2x | XXX | XXX | XXX |
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Start Free TrialMP Materials's last 12 month revenue growth is 89%
MP Materials's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
MP Materials's rule of 40 is 126% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MP Materials's rule of X is 207% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for MP Materials and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 89% | XXX | 72% | XXX | XXX | XXX |
| EBITDA Margin | -15% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Growth | -421% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 126% | XXX | 93% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 207% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 48% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| AMG Critical Materials | XXX | XXX | XXX | XXX | XXX | XXX |
| ArcelorMittal | XXX | XXX | XXX | XXX | XXX | XXX |
| BHP Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Coronado Global Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortescue | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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MP Materials acquired XXX companies to date.
Last acquisition by MP Materials was XXXXXXXX, XXXXX XXXXX XXXXXX . MP Materials acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was MP Materials founded? | MP Materials was founded in 2020. |
| Where is MP Materials headquartered? | MP Materials is headquartered in United States of America. |
| How many employees does MP Materials have? | As of today, MP Materials has 804 employees. |
| Who is the CEO of MP Materials? | MP Materials's CEO is Mr. James H. Litinsky. |
| Is MP Materials publicy listed? | Yes, MP Materials is a public company listed on NYS. |
| What is the stock symbol of MP Materials? | MP Materials trades under MP ticker. |
| When did MP Materials go public? | MP Materials went public in 2020. |
| Who are competitors of MP Materials? | Similar companies to MP Materials include e.g. AMG Critical Materials, ArcelorMittal, BHP Group, Coronado Global Resources. |
| What is the current market cap of MP Materials? | MP Materials's current market cap is $10.8B |
| What is the current revenue of MP Materials? | MP Materials's last 12 months revenue is $249M. |
| What is the current revenue growth of MP Materials? | MP Materials revenue growth (NTM/LTM) is 89%. |
| What is the current EV/Revenue multiple of MP Materials? | Current revenue multiple of MP Materials is 43.9x. |
| Is MP Materials profitable? | Yes, MP Materials is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MP Materials? | MP Materials's last 12 months EBITDA is -$38.0M. |
| What is MP Materials's EBITDA margin? | MP Materials's last 12 months EBITDA margin is -15%. |
| What is the current EV/EBITDA multiple of MP Materials? | Current EBITDA multiple of MP Materials is -287.6x. |
| What is the current FCF of MP Materials? | MP Materials's last 12 months FCF is -$146M. |
| What is MP Materials's FCF margin? | MP Materials's last 12 months FCF margin is -59%. |
| What is the current EV/FCF multiple of MP Materials? | Current FCF multiple of MP Materials is -75.1x. |
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