MP Materials Corp Net Assets
MP Materials Corp net assets. Based on the latest financial reports, MP Materials Corp (MP) has net assets worth $1.96 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.73 Billion) and total liabilities ($1.77 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore MP year-over-year net asset growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.96 Billion |
| % of Total Assets | 52.52% |
| Annual Growth Rate | N/A |
| 5-Year Change | 137.17% |
| 10-Year Change | N/A |
| Growth Volatility | 50.91 |
Net Assets of MP Materials Corp (2018–2025)
Net assets of MP Materials Corp from 2018 to 2025. This chart illustrates how MP Materials Corp's net assets have evolved over time, based on quarterly financial data. See MP equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for MP Materials Corp (2018–2025)
The table below shows the annual net assets of MP Materials Corp from 2018 to 2025. For live market cap and overall valuation, see market value of MP Materials Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.39 Billion | +126.79% |
| 2024-12-31 | $1.05 Billion | -22.76% |
| 2023-12-31 | $1.37 Billion | +4.05% |
| 2022-12-31 | $1.31 Billion | +30.13% |
| 2021-12-31 | $1.01 Billion | +18.14% |
| 2020-12-31 | $853.88 Million | +4837.97% |
| 2019-12-31 | $-18.02 Million | -59.95% |
| 2018-12-31 | $-11.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MP Materials Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 26847000000.0% over the analyzed period, indicating profitable operations and earnings retention.
MP Materials Corp Net Assets Breakdown (December 2025)
MP Materials Corp net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $234.43 Million | 9.80% |
| Common Stock | $19.00K | 0.00% |
| Other Comprehensive Income | $387.00K | 0.02% |
| Other Components | $2.16 Billion | 90.18% |
| Total Equity | $2.39 Billion | 100.00% |
MP Materials Corp Competitors by Market Cap
The table below lists competitors of MP Materials Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd
SHG:600863
|
$6.01 Billion |
|
Navan, Inc. Class A Common Stock
NASDAQ:NAVN
|
$6.01 Billion |
|
Amlogic Shanghai Co Ltd
SHG:688099
|
$6.02 Billion |
|
Schaeffler India Limited
NSE:SCHAEFFLER
|
$6.02 Billion |
|
Nexans S.A.
PA:NEX
|
$6.01 Billion |
|
Henan Shijia Photons Technology Co Ltd
SHG:688313
|
$6.00 Billion |
|
Ingredion Incorporated
NYSE:INGR
|
$6.00 Billion |
|
Hundsun Technologies Inc
SHG:600570
|
$6.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MP Materials Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,054,880,000 to 2,392,368,000, a change of 1,337,488,000 (126.8%).
- Net loss of 85,874,000 reduced equity.
- Share repurchases of 31,104,000 reduced equity.
- New share issuances of 1,046,902,000 increased equity.
- Other comprehensive income increased equity by 214,000.
- Other factors increased equity by 407,350,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-85.87 Million | -3.59% |
| Share Repurchases | $31.10 Million | -1.3% |
| Share Issuances | $1.05 Billion | +43.76% |
| Other Comprehensive Income | $214.00K | +0.01% |
| Other Changes | $407.35 Million | +17.03% |
| Total Change | $- | 126.79% |
Book Value vs Market Value Analysis
This analysis compares MP Materials Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.40x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-0.16 | $33.74 | x |
| 2019-12-31 | $-0.26 | $33.74 | x |
| 2020-12-31 | $10.71 | $33.74 | x |
| 2021-12-31 | $5.31 | $33.74 | x |
| 2022-12-31 | $6.79 | $33.74 | x |
| 2023-12-31 | $7.67 | $33.74 | x |
| 2024-12-31 | $6.21 | $33.74 | x |
| 2025-12-31 | $14.06 | $33.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MP Materials Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -31.18%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.68x
- Recent ROE (-3.59%) is below the historical average (3.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -19.97% | 0.70x | 0.00x | $-12.34 Million |
| 2019 | 0.00% | -9.20% | 0.72x | 0.00x | $-4.95 Million |
| 2020 | -2.56% | -16.25% | 0.13x | 1.26x | $-107.21 Million |
| 2021 | 13.39% | 40.68% | 0.18x | 1.87x | $34.16 Million |
| 2022 | 22.02% | 54.79% | 0.24x | 1.70x | $157.74 Million |
| 2023 | 1.78% | 9.59% | 0.11x | 1.71x | $-112.27 Million |
| 2024 | -6.20% | -32.09% | 0.09x | 2.21x | $-170.91 Million |
| 2025 | -3.59% | -31.18% | 0.07x | 1.68x | $-325.11 Million |
Industry Comparison
This section compares MP Materials Corp's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $178,365,884
- Average return on equity (ROE) among peers: -61.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MP Materials Corp (MP) | $1.96 Billion | 0.00% | 0.90x | $6.01 Billion |
| Almonty Industries Inc. Common Shares (ALM) | $39.07 Million | -41.71% | 5.56x | $4.28 Billion |
| REalloys Inc. (ALOY) | $-3.34 Million | 0.00% | 0.00x | $406.79 Million |
| Atlas Lithium Corporation Common Stock (ATLX) | $7.68 Million | -531.18% | 4.68x | $50.57 Million |
| Blue Moon Metals Inc (BMM) | $3.10 Million | -11.12% | 6.26x | $328.22 Million |
| China Natural Resources Inc (CHNR) | $374.24 Million | 4.87% | 0.17x | $4.99 Million |
| Compass Minerals International Inc (CMP) | $653.60 Million | 33.34% | 1.50x | $952.87 Million |
| Critical Metals Corp. Ordinary Shares (CRML) | $150.74 Million | -3.62% | 0.07x | $821.11 Million |
| Electra Battery Materials Corp (ELBM) | $92.15 Million | -2.59% | 0.13x | $43.60 Million |
| Sayona Mining Limited American Depository Shares (ELVR) | $475.45 Million | -61.90% | 0.37x | $467.88 Million |
| Evolution Metals & Technologies Corp. Common Stock (EMAT) | $-9.03 Million | 0.00% | 0.00x | $1.19 Billion |
About MP Materials Corp
MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics. The Materials segment owns and operates the Mountain Pass Rare Earth Mine and Processing facility located near Mountain Pass, San Bernardino County, California. The Magnetics segment produces magnetic precursor products, including NdPr … Read more