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MP Materials Valuation Multiples
Discover revenue and EBITDA valuation multiples for MP Materials and similar public comparables like Chifeng Jilong Gold, Hudbay Minerals, Minas Buenaventura, New Gold and more.
MP Materials Overview
About MP Materials
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.
Founded
2020
HQ
Employees
804
Website
Sectors
Financials (LTM)
EV
$10B
MP Materials Financials
MP Materials reported last 12-month revenue of $289M and EBITDA of $49M.
In the same LTM period, MP Materials generated $64M in gross profit, $49M in EBITDA, and had net loss of ($17M).
Revenue (LTM)
MP Materials P&L
In the most recent fiscal year, MP Materials reported revenue of $224M and EBITDA of $5M.
MP Materials expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $289M | XXX | $224M | XXX | XXX | XXX |
| Gross Profit | $64M | XXX | ($58M) | XXX | XXX | XXX |
| Gross Margin | 22% | XXX | (26%) | XXX | XXX | XXX |
| EBITDA | $49M | XXX | $5M | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 2% | XXX | XXX | XXX |
| EBIT Margin | (37%) | XXX | (65%) | XXX | XXX | XXX |
| Net Profit | ($17M) | XXX | ($41M) | XXX | XXX | XXX |
| Net Margin | (6%) | XXX | (18%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
MP Materials Stock Performance
MP Materials has current market cap of $11B, and enterprise value of $10B.
Market Cap Evolution
MP Materials' stock price is $63.73.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $11B | 0.0% | XXX | XXX | XXX | $-0.23 |
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Start Free TrialMP Materials Valuation Multiples
MP Materials trades at 35.8x EV/Revenue multiple, and 209.3x EV/EBITDA.
EV / Revenue (LTM)
MP Materials Financial Valuation Multiples
As of March 24, 2026, MP Materials has market cap of $11B and EV of $10B.
Equity research analysts estimate MP Materials' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MP Materials has a P/E ratio of (658.7x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 35.8x | XXX | 46.1x | XXX | XXX | XXX |
| EV/EBITDA | 209.3x | XXX | 2121.1x | XXX | XXX | XXX |
| EV/EBIT | (97.1x) | XXX | (71.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 161.2x | XXX | (179.7x) | XXX | XXX | XXX |
| P/E | (658.7x) | XXX | (276.7x) | XXX | XXX | XXX |
| EV/FCF | (32.6x) | XXX | (36.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified MP Materials Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
MP Materials Margins & Growth Rates
MP Materials' revenue in the last 12 month grew by 100%.
MP Materials' revenue per employee in the last FY averaged $0.4M.
MP Materials' rule of 40 is 117% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MP Materials' rule of X is 267% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
MP Materials Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 100% | XXX | 126% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Growth | 412% | XXX | 4018% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 117% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 267% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 0% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | 29% | XXX | — | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 11% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 39% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
MP Materials Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Chifeng Jilong Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Hudbay Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Minas Buenaventura | XXX | XXX | XXX | XXX | XXX | XXX |
| New Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| China Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
MP Materials M&A Activity
MP Materials acquired XXX companies to date.
Last acquisition by MP Materials was on XXXXXXXX, XXXXX. MP Materials acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by MP Materials
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMP Materials Investment Activity
MP Materials invested in XXX companies to date.
MP Materials made its latest investment on XXXXXXXX, XXXXX. MP Materials invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by MP Materials
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout MP Materials
| When was MP Materials founded? | MP Materials was founded in 2020. |
| Where is MP Materials headquartered? | MP Materials is headquartered in United States. |
| How many employees does MP Materials have? | As of today, MP Materials has over 804 employees. |
| Who is the CEO of MP Materials? | MP Materials' CEO is James H. Litinsky. |
| Is MP Materials publicly listed? | Yes, MP Materials is a public company listed on NYSE. |
| 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? | MP Materials main competitors are Chifeng Jilong Gold, Hudbay Minerals, Minas Buenaventura, New Gold. |
| What is the current market cap of MP Materials? | MP Materials' current market cap is $11B. |
| What is the current revenue of MP Materials? | MP Materials' last 12 months revenue is $289M. |
| What is the current revenue growth of MP Materials? | MP Materials revenue growth (NTM/LTM) is 100%. |
| What is the current EV/Revenue multiple of MP Materials? | Current revenue multiple of MP Materials is 35.8x. |
| 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' last 12 months EBITDA is $49M. |
| What is MP Materials' EBITDA margin? | MP Materials' last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of MP Materials? | Current EBITDA multiple of MP Materials is 209.3x. |
| What is the current FCF of MP Materials? | MP Materials' last 12 months FCF is ($318M). |
| What is MP Materials' FCF margin? | MP Materials' last 12 months FCF margin is (110%). |
| What is the current EV/FCF multiple of MP Materials? | Current FCF multiple of MP Materials is (32.6x). |
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