MP Materials (MP)
NYSEMaterialsIndustrial MaterialsSnapshot 2026-09-04
$54.53+1.39%
Close 2026-09-04 · 1-day change
NYSEMaterialsIndustrial MaterialsSnapshot 2026-09-04
QuarterlyIQ Insights · MP
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within materials on a research-validated quality screen. As of 2026-09-04.
The screen ranks MP against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 4 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Materials names rated weak grew net income 48% of the time over the next year (vs 53% for the rest of the cohort, n=1946).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue increasing production and sales volumes of NdPr oxide and metal to drive revenue growth and market expansion.
Stated as a priority in 3 of last 3 quarters. NdPr production grew from 597 MT in 2025-Q2 to 840 MT in 2026-Q2 (+41%), and sales grew from 443 MT to 1,006 MT (+127%) over the same period. This trajectory matches management's stated focus on ramping NdPr production and sales, demonstrating delivering progress.
“MP Materials built on its strong start to the year, ramping NdPr production and sales volumes.”
“MP Materials delivered record NdPr production and sales with solid Adjusted EBITDA generation.”
“Doubling NdPr oxide production at Mountain Pass and producing our first magnets on commercial-scale equipment.”
Complete construction and ramp production at the new 10X magnetics facility in Northlake, Texas to expand magnet production capacity.
Stated as a priority in 3 of last 3 quarters. Management broke ground on the 10X magnetics facility in 2026-Q1 and reported accelerated construction in 2026-Q2. Guidance expects the 10X Facility to generate at least $140 million EBITDA annually after reaching full capacity. Progress is consistent with management's stated build and ramp plans.
“Construction of our 10X facility accelerated.”
Grow the separated gadolinium and heavy rare earth elements business through new long-term offtake agreements and Project Swarm for drone industry demand aggregation.
Newly stated in 2026-Q2. Management announced a significant long-term offtake agreement for separated gadolinium and launched Project Swarm to aggregate demand in the drone industry. This is a new strategic growth initiative with initial commercial traction but limited financial data yet to assess delivery.
“Signed long-term offtake agreement for separated gadolinium, expanding HREE business; launched Project Swarm for drone industry.”
Drive growth in Adjusted EBITDA through higher revenues, price protection agreement income, and operational efficiencies to reduce net losses.
Stated as a priority in 3 of last 3 quarters. Adjusted EBITDA improved from -$12.5 million in 2025-Q2 to $28.5 million in 2026-Q2, and Adjusted Net Loss improved by $19.3 million year over year in 2026-Q2. The trajectory shows delivering progress on profitability improvement as management emphasized.
Advance magnet qualification and ramp production at Independence to support commercial magnet sales and vertical integration.
Stated as a priority in 2 of last 3 quarters. Management reported initial commercial magnet production at Independence in 2025-Q4 and further qualification progress in 2026-Q2. While no specific volume or revenue milestones were disclosed, the updates indicate ongoing ramp efforts consistent with stated goals.
“Magnet qualification at Independence advanced through additional deliveries for customer qualification and regulatory testing.”
Over the trailing year it converted 3.95x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
13 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Materials names rated stable grew net income 51% of the time over the next year (vs 50% for the rest of the cohort, n=709).
Not investment advice. As of 2026-09-04.
“Broke ground on 10X magnetics facility.”
“Awarded $200 million incentive package for new 10X magnetics facility to be constructed in Northlake, Texas.”
“Adjusted EBITDA increased by $41.0 million year over year to $28.5 million; Adjusted Net Loss improved by $19.3 million.”
“Adjusted EBITDA increased by $39.3 million year over year to $36.6 million; Adjusted Net Income improved by $26.6 million.”
“Adjusted EBITDA increased by $49.9 million year over year to $39.2 million; Adjusted Net Income was $18.3 million.”
“Produced first NdFeB magnets on commercial equipment at Independence.”