MP Materials (MP) vs USA Rare Earth (USAR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
MP Materials (MP) has outperformed USA Rare Earth (USAR) over the past year, losing 37.2% versus a loss of 53.2%. MP Materials is the larger company by market cap ($8.17 billion vs $4.71 billion), about 1.7 times the size. On valuation, MP Materials trades at a lower forward P/E (55.7x vs 419.0x for USA Rare Earth).
MP Materials converts more of its revenue into profit, with a net margin of -38.3% versus -18110.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MP | USAR |
|---|---|---|
| Share price | $45.86 | $12.57 |
| Market cap | $8.17B | $4.71B |
| 1-day change | -0.97% | -4.99% |
| YTD return | -8.33% | +11.18% |
| 1-year return | -37.22% | -53.20% |
| 5-year return | +36.29% | — |
| Forward P/E | 55.72 | 419.00 |
| EPS (TTM) | $-0.33 | $-2.49 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $224.44M | $1.64M |
| Revenue growth (YoY) | +10.10% | — |
| Net income (latest FY) | $-85.87M | $-297.56M |
| Gross margin | 14.10% | 11.87% |
| Operating margin | -66.55% | -3621.61% |
| Net margin | -38.26% | -18110.71% |
| 52-week high | $100.25 | $43.98 |
| 52-week low | $37.81 | $11.45 |
| Distance from 52-week high | -54.25% | -71.42% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +59.18% | +182.89% |
| Average volume | 5.85M | 12.29M |
| Shares outstanding | 178.10M | 375.08M |
| Employees | 998 | 132 |
| Sector | Basic Materials | Basic Materials |
| Industry | Metal Mining | Metal Mining |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MP has outperformed USAR by 16.0 percentage points over the past year.
- MP Materials is more profitable, keeping -38.3 cents of every revenue dollar as net income versus -18110.7 cents for USA Rare Earth.
About MP Materials
MP stock →MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. It operates in two segments, Materials and Magnetics.
Basic Materials · Metal Mining · 998 employees
About USA Rare Earth
USAR stock →USA Rare Earth, Inc. engages in mining, processing, and supplying rare earths and other critical minerals in the United States, Europe, and Asia.
Basic Materials · Metal Mining · 132 employees
MP vs USAR FAQ
Which is bigger, MP Materials or USA Rare Earth?
MP Materials (MP) is larger, with a market capitalization of $8.17B compared with $4.71B for USA Rare Earth (USAR).
Which stock has performed better over the past year, MP or USAR?
MP returned -37.22% over the past 12 months, compared with -53.20% for USAR (price return, excluding dividends). Past performance does not predict future results.
Are MP Materials and USA Rare Earth in the same industry?
Yes. Both are classified in the Metal Mining industry within the Basic Materials sector.