MP (MP Materials) Interest Expense: $-33.7 Mil (TTM As of Mar. 2026)

What is MP Materials Interest Expense?

MP Materials MP -1.74% 68 Interest Expense is $-33.7 Mil as of Mar. 2026. GuruFocus rates MP with a GF Score™ of 68/100 and a GF Value™ of $32.16 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MP Materials's interest expense for the three months ended in Mar. 2026 was $ -9.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2026 was $-33.7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. MP Materials's Operating Income for the three months ended in Mar. 2026 was $ -18.2 Mil. MP Materials's Interest Expense for the three months ended in Mar. 2026 was $ -9.8 Mil. MP Materials did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MP Materials (NYSE:MP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

MP Materials's Interest Expense for the three months ended in Mar. 2026 was $-9.8 Mil. Its Operating Income for the three months ended in Mar. 2026 was $-18.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2026 was $932.9 Mil.

MP Materials's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

MP Materials did not have earnings to cover the interest expense.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

MP Materials Interest Expense Historical Data

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The historical data trend for MP Materials's Interest Expense can be seen below:

MP Materials Interest Expense Chart

MP Materials Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Interest Expense

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-8.90

-5.79

-5.25

-23.01

-31.48

MP Materials Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Interest Expense	Get a 7-Day Free Trial															-7.62	-5.41	-8.57	-9.89	-9.85

68GF Score

MP Materials Corp MP

Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.

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MP Materials Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-33.7 Mil.

Frequently Asked Questions Learn more about Interest Expense →

What does a Interest Expense of $-33.7 Mil mean?

MP Materials (MP) has a Interest Expense of $-33.7 Mil as of Mar. 2026. Interest Expense is the amount a company pays on its long-term debt. View historical data on MP Materials and its competitors.

Is MP Materials' Interest Expense too high?

MP Materials' current Interest Expense is $-33.7 Mil. Overall, MP Materials has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does MP Materials' Interest Expense compare to USAR and MTRN?

MP Materials' Interest Expense of $-33.7 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Interest Expense for a Metals & Mining company?

A good Interest Expense depends on the Metals & Mining industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Interest Expense mean?

A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on MP Materials and its competitors. MP Materials's current Interest Expense is $-33.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is MP Materials stock overvalued right now?

Based on GuruFocus' analysis, MP Materials (MP) is currently considered Significantly Overvalued. The stock's GF Value™ is $32.16, compared to a current price of $54.65 — trading 69.9% above its estimated fair value. The current Interest Expense is $-33.7 Mil. MP Materials' overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Interest Expense calculated?

Interest Expense is calculated from a company's financial statements. For MP Materials (MP), the current Interest Expense is $-33.7 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MP Materials (MP) Overvalued in 2026?

Based on GuruFocus' analysis, MP Materials stock appears to be overvalued. The current stock price of $54.65 is trading 69.9% above its estimated GF Value™ of $32.16. GuruFocus considers MP Materials to be Significantly Overvalued.

Key valuation signals for MP:

Interest Expense: $-33.7 Mil
GF Value™: $32.16 vs. price of $54.65 (69.9% above fair value)
GF Score™: 68/100 with 2 warning signs

No single metric tells the full story. See the MP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MP Materials Business Description

Industry Basic Materials Metals & Mining

Comparable Companies USAR MTRN EMAT TMC NEXA CRML CMP UAMY TTNNF NB ASX:BHP ASX:RIO LSE:RIO MEX:GMEXICOB LSE:GLEN BSP:VALE3 SAU:1211 LSE:AAL HKSE:03993 ASX:FMG

Other Exchanges MP:Mexico 1MP:Italy 55H0:Germany M2PM34:Brazil

Address 1700 S. Pavilion Center Drive, Suite 800, Las Vegas, NV, USA, 89135

Website https://www.mpmaterials.com

MP Materials Corp is the producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site of scale in North America. The company is also developing a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas. The company's operations are organized into two reportable segments: Materials and Magnetics.

68GF Score

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$54.65

Price

$32.16

GF Value

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