MP Materials Corp. (MP) Revenue CAGR:60.93%(TTM)
Revenue CAGR uses precomputed financial statement history.
Over longer horizons, MP Materials Corp.'s Revenue CAGR averages -8.72% over 3 years and 14.90% over 5 years.The TTM figure compares the trailing 12 months (sum of the latest four quarters) with the 12 months before that. Rows in the history table compare fiscal years, and the quarterly table compares single quarters; the three measure different windows and will differ. Revenue CAGR measures how MP Materials Corp.'s top-line revenue has grown over time. Consistent revenue growth is a key indicator of business expansion and market share gains.
MP Revenue CAGR Chart
MP Materials Corp. (MP)
MP Quarterly Revenue Growth (YoY)
Revenue growth vs the same quarter one year earlier, last 20 quarters.
MP Revenue CAGR History
| Year | Start Revenue | End Revenue | Change | % Change | CAGR |
|---|---|---|---|---|---|
| 2025 | $203.85M | $275.46M | +$71.60M | +35.12% | +35.12% |
| 2024 | $253.44M | $203.85M | $-49.59M | -19.57% | -19.57% |
| 2023 | $527.51M | $253.44M | $-274.06M | -51.95% | -51.95% |
| 2022 | $331.95M | $527.51M | +$195.56M | +58.91% | +58.91% |
| 2021 | $134.31M | $331.95M | +$197.64M | +147.15% | +147.15% |
| 2020 | $73.41M | $134.31M | +$60.90M | +82.96% | +82.96% |
| 2019 | $67.42M | $73.41M | +$5.99M | +8.89% | +8.89% |
Quarterly Revenue: QoQ & YoY
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Q1 2026 | $132.92M | +28.2% | +118.6% |
| Q4 2025 | $103.70M | +93.6% | +70.0% |
| Q3 2025 | $53.55M | -6.7% | -14.9% |
| Q2 2025 | $57.39M | -5.6% | +83.6% |
| Q1 2025 | $60.81M | -0.3% | +24.9% |
| Q4 2024 | $60.99M | -3.1% | +48.0% |
| Q3 2024 | $62.93M | +101.3% | +19.8% |
| Q2 2024 | $31.26M | -35.8% | -51.2% |
| Q1 2024 | $48.68M | +18.2% | -49.1% |
| Q4 2023 | $41.20M | -21.5% | -55.8% |
| Q3 2023 | $52.52M | -18.0% | -57.8% |
| Q2 2023 | $64.02M | -33.1% | -55.4% |
| Q1 2023 | $95.70M | +2.6% | -42.4% |
| Q4 2022 | $93.25M | -25.1% | -5.9% |
| Q3 2022 | $124.44M | -13.3% | +24.8% |
| Q2 2022 | $143.56M | -13.7% | +96.3% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
About MP Materials Corp.
MP Materials Corp. manages and operates facilities dedicated to the extraction and refinement of rare earth elements. The company's primary asset is the Mountain Pass Rare Earth mine, a key operation situated within the Western Hemisphere. MP Materials holds comprehensive mineral rights for this significant deposit and its surrounding areas, alongside proprietary intellectual property essential for the ongoing processing and technological development of rare earth minerals. Its product offerings include critical elements such as cerium, lanthanum, neodymium, praseodymium, and samarium. Established in 2017, the company is headquartered in Las Vegas, Nevada.
- Sector
- Basic Materials
- Industry
- Industrial Materials
- CEO
- James Henry Litinsky