MP Materials annual gross margin
2019
2020
2022
2023
2024
2025
MP Materials Gross Margin Growth & History (MP)
MP Materials's gross margin was 14.10% for fiscal 2025.
View full MP Materials company overviewMP Materials annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 14.10% | +8.57 pp |
| 2024 | 2024-12-31 | 5.53% | −57.89 pp |
| 2023 | 2023-12-31 | 63.42% | −19.10 pp |
| 2022 | 2022-12-31 | 82.52% | — |
| 2020 | 2020-12-31 | 52.50% | +36.40 pp |
| 2019 | 2019-12-31 | 16.10% | — |
MP Materials quarterly gross margin
Q1.20
Q1.21
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 33.37% | +21.23 pp |
| Q1 2026 | 2026-03-31 | 18.10% | −1.60 pp |
| Q4 2025 | 2025-12-31 | 14.49% | +10.03 pp |
| Q3 2025 | 2025-09-30 | 9.48% | +0.48 pp |
| Q2 2025 | 2025-06-30 | 12.13% | +44.78 pp |
| Q1 2025 | 2025-03-31 | 19.70% | −7.19 pp |
| Q4 2024 | 2024-12-31 | 4.46% | — |
| Q3 2024 | 2024-09-30 | 9.00% | — |
| Q2 2024 | 2024-06-30 | −32.65% | — |
| Q1 2024 | 2024-03-31 | 26.89% | — |
| Q1 2021 | 2021-03-31 | 69.98% | +31.11 pp |
| Q1 2020 | 2020-03-31 | 38.86% | — |
MP Materials gross margin trends
Over the last five fiscal years, MP Materials's gross margin decreased from 52.50% to 14.10%, a change of −38.40 percentage points. The latest reported quarter, Q2 2026, shows 33.37%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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