MP Materials Corp Total Assets
MP Materials Corp total assets. Based on the latest financial reports, MP Materials Corp (MP) holds total assets worth $3.73 Billion USD as of June 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Also see MP Materials Corp stock valuation for the company's overall valuation and market capitalisation.
Total Assets of MP Materials Corp (2018–2025)
Total assets of MP Materials Corp from 2018 to 2025. This chart illustrates how MP Materials Corp's total assets have evolved over time, based on quarterly financial data. See MP Materials Corp share price for real-time trading data and today's change.
MP Materials Corp - Asset Composition Analysis
MP Materials Corp Total Assets Breakdown (December 2025)
MP Materials Corp total assets breakdown as of December 2025. MP Materials Corp's total assets of $3.73 Billion consist of 54.0% current assets and 46.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $1.15 Billion | 29.1% |
| Accounts Receivable | $146.68 Million | 3.7% |
| Inventory | $171.56 Million | 4.3% |
| Property, Plant & Equipment | $1.59 Billion | 39.7% |
| Intangible Assets | $6.17 Million | 0.2% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2018–2025)
This chart illustrates how MP Materials Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. Explore MP current assets to equity ratio to assess how much short-term liquidity the company maintains relative to its equity base.
Key Asset Composition Facts
- Current vs. Non-Current Assets: MP Materials Corp's current assets represent 54.0% of total assets in 2025, an increase from 18.2% in 2018.
- Cash Position: Cash and equivalents constituted 29.1% of total assets in 2025, up from 2.9% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is property, plant & equipment at 39.7% of total assets.
MP Materials Corp Competitors by Total Assets
Key competitors of MP Materials Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Battery Mineral Resources Corp
V:BMR
|
Canada | CA$115.27 Million |
|
Canadian Premium Sand Inc
V:CPS
|
Canada | CA$1.10 Million |
|
Torr Metals Inc
V:TMET
|
Canada | CA$7.36 Million |
|
Legacy Minerals Holdings Ltd
AU:LGM
|
Australia | AU$15.99 Million |
|
Vantex Resources Ltd
V:VAX
|
Canada | CA$450.06K |
|
East Africa Metals Inc.
V:EAM
|
Canada | CA$6.38 Million |
|
Vedanta Limited
NSE:VEDL
|
India | Rs2.33 Trillion |
|
Om Holdings Ltd
AU:OMH
|
Australia | AU$836.00 Million |
MP Materials Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 9.51 | 3.60 | 17.74 |
| Quick Ratio | 8.56 | 3.12 | 17.26 |
| Cash Ratio | 0.00 | 0.80 | 16.67 |
| Working Capital | $1.56 Billion | $693.53 Million | $1.18 Billion |
MP Materials Corp - Advanced Valuation Insights
This section examines the relationship between MP Materials Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 4.65 |
| Latest Market Cap to Assets Ratio | 1.50 |
| Asset Growth Rate (YoY) | 71.8% |
| Total Assets | $4.01 Billion |
| Market Capitalization | $6.01 Billion USD |
Valuation Analysis
Above Book Valuation: The market values MP Materials Corp's assets above their book value (1.50x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: MP Materials Corp's assets grew by 71.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for MP Materials Corp (2018–2025)
The table below shows the annual total assets of MP Materials Corp from 2018 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $4.01 Billion | +71.84% |
| 2024-12-31 | $2.33 Billion | -0.12% |
| 2023-12-31 | $2.34 Billion | +4.41% |
| 2022-12-31 | $2.24 Billion | +18.42% |
| 2021-12-31 | $1.89 Billion | +75.90% |
| 2020-12-31 | $1.07 Billion | +955.35% |
| 2019-12-31 | $101.79 Million | +5.74% |
| 2018-12-31 | $96.27 Million | -- |
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