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MP Materials (MP) Revenue & Revenue Breakdown

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MP Materials Revenue Highlights

Latest Revenue (Y)

$203.85M

Latest Revenue (Q)

$62.93M

Main Segment (Y)

Materials Segment

MP Materials Revenue by Period

MP Materials Revenue by Year

DateRevenueChange
2024-12-31$203.85M-19.57%
2023-12-31$253.44M-51.95%
2022-12-31$527.51M58.91%
2021-12-31$331.95M147.15%
2020-12-31$134.31M82.96%
2019-12-31$73.41M8.89%
2018-12-31$67.42M-

MP Materials generated $203.85M in revenue during NA 2024, up -19.57% compared to the previous quarter, and up 277.69% compared to the same period a year ago.

MP Materials Revenue by Quarter

DateRevenueChange
2024-09-30$62.93M101.31%
2024-06-30$31.26M-35.79%
2024-03-31$48.68M18.15%
2023-12-31$41.20M-21.54%
2023-09-30$52.52M-17.97%
2023-06-30$64.02M-33.10%
2023-03-31$95.70M2.63%
2022-12-31$93.25M-25.07%
2022-09-30$124.44M-13.32%
2022-06-30$143.56M-13.65%
2022-03-31$166.26M67.75%
2021-12-31$99.11M-0.65%
2021-09-30$99.75M36.43%
2021-06-30$73.12M21.92%
2021-03-31$59.97M42.19%
2020-12-31$42.18M2.82%
2020-09-30$41.02M34.98%
2020-06-30$30.39M46.68%
2020-03-31$20.72M-1.56%
2019-12-31$21.05M-21.80%
2019-09-30$26.92M111.55%
2019-06-30$12.72M-
2019-03-31$12.72M-

MP Materials generated $62.93M in revenue during Q3 2024, up 101.31% compared to the previous quarter, and up 98.29% compared to the same period a year ago.

MP Materials Revenue Breakdown

MP Materials Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 22
Materials Segment$203.85M-
Product-$517.27M
Product and Service, Other-$10.24M

MP Materials's latest annual revenue breakdown by segment (product or service), as of Dec 24: Materials Segment (100.00%).

Quarterly Revenue by Product

Product/ServiceSep 24Jun 23Mar 23Dec 22Sep 22
Other Revenue$695.00K----
Product and Service, Other-$23.00K$34.00K$1.15M$214.00K
Product-$64.00M$95.67M$92.10M$124.23M

MP Materials's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Other Revenue (100.00%).

MP Materials Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
RIORio Tinto Group$54.04B$27.16B
BHPBHP Group$53.82B$27.23B
VALEVale$41.78B$9.55B
TECKTeck Resources$15.01B$3.99B
MPMP Materials$203.85M$62.93M
SGMLSigma Lithium$181.23M$50.41M
PLLPiedmont Lithium-$47.13M
LACLithium Americas-$53.29K

MP Revenue FAQ

What is MP Materials’s yearly revenue?

MP Materials's yearly revenue for 2024 was $203.86M, representing a decrease of -19.57% compared to 2023. The company's yearly revenue for 2023 was $253.44M, representing a decrease of -51.95% compared to 2022. MP's yearly revenue for 2022 was $527.51M, representing an increase of 58.91% compared to 2021.

What is MP Materials’s quarterly revenue?

MP Materials's quarterly revenue for Q3 2024 was $62.93M, a 101.31% increase from the previous quarter (Q2 2024), and a 19.82% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $31.26M, a -35.79% decrease from the previous quarter (Q1 2024), and a -51.18% decrease year-over-year (Q2 2023). MP's quarterly revenue for Q1 2024 was $48.68M, a 18.15% increase from the previous quarter (Q4 2023), and a -49.13% decrease year-over-year (Q1 2023).

What is MP Materials’s revenue growth rate?

MP Materials's revenue growth rate for the last 3 years (2022-2024) was -61.36%, and for the last 5 years (2020-2024) was 51.78%.

What are MP Materials’s revenue streams?

MP Materials's revenue streams in c 24 are Materials Segment

What is MP Materials’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of MP Materials was Materials Segment. This segment made a revenue of $203.86M, representing 100.00% of the company's total revenue.