MP Materials Corp. (MP) Net Income
The annual net income for MP Materials Corp. (MP) is ($71.19 Million) with a year-over-year change of (98.60%). Net income represents the company's bottom line profit after all expenses, taxes, and interest.
Annual Net Income (TTM)
($71.19M)
($71.19 Million)
Year-over-Year Change
(98.60%)
vs. ($65.42M) prior year
Net Income CAGR
+63.21%
3 Year compound annual growth rate
Net Income CAGR (Compound Annual Growth Rate)
1 Year
(98.60%)
3 Year
+63.21%
5 Year
N/A
10 Year
N/A
15 Year
N/A
20 Year
N/A
CAGR shows the annualized growth rate over the specified period, smoothing out year-to-year volatility.
Annual Net Income History
| Year | Net Income | YoY Change | % Change |
|---|---|---|---|
| 2025 | ($85.87M) | ($20.45M) | — |
| 2024 | ($65.42M) | ($89.73M) | (369.16%) |
| 2023 | $24.31M | ($264.70M) | (91.59%) |
| 2022 | $289.00M | +$153.97M | +114.02% |
| 2021 | $135.04M | +$156.86M | — |
| 2020 | ($21.82M) | ($15.07M) | — |
| 2019 | ($6.75M) | +$6.71M | — |
Net Income Growth Summary
TTM Growth
(98.60%)
3-Year Avg Growth
+63.21%
5-Year Avg Growth
(84.31%)
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