USA Rare EarthMEX:USAR -3.31%12 ROE % is -22.61% as of Mar. 2026. GuruFocus rates MEX:USAR with a GF Score™ of 12/100. The stock has 2 warning signs investors should review. Among 2,389 Metals & Mining companies, USA Rare Earth ranks worse than 83.05% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. USA Rare Earth's annualized net income for the quarter that ended in Mar. 2026 was MXN-4,832.0 Mil. USA Rare Earth's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN21,371.3 Mil. Therefore, USA Rare Earth's annualized ROE % for the quarter that ended in Mar. 2026 was -22.61%.
The historical rank and industry rank for USA Rare Earth's ROE % or its related term are showing as below:
MEX:USAR'
s ROE % Range Over the Past 10 Years
Min: -113.84 Med: -48.84 Max: -5.18
Current: -98.15
During the past 4 years, USA Rare Earth's highest ROE % was -5.18%. The lowest was -113.84%. And the median was -48.84%.
MEX:USAR's ROE % is ranked worse than 83.05% of 2389
companies
in the Metals & Mining industry
Industry Median: -16.02
vs MEX:USAR: -98.15
USA Rare Earth (MEX:USAR) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
USA Rare Earth ROE % Related Terms
USA Rare Earth ROE % Historical Data
* Premium members only.
The historical data trend for USA Rare Earth's ROE % can be seen below:
* 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.
For the Other Industrial Metals & Mining subindustry, USA Rare Earth's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
USA Rare Earth ROE % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, USA Rare Earth's ROE % distribution charts can be found below:
* The bar in red indicates where USA Rare Earth's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
USA Rare Earth (MEX:USAR) has a ROE % of -22.61% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on USA Rare Earth and its competitors. According to the industry distribution chart, USA Rare Earth ranks #1984 out of 2389 companies in the Metals & Mining industry, placing it in the top 83%.
Is USA Rare Earth's ROE % too high?
USA Rare Earth's current ROE % is -22.61%. Based on the distribution chart, USA Rare Earth ranks #1984 out of 2389 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, USA Rare Earth has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does USA Rare Earth's ROE % compare to MTRN and EMAT?
According to the Metals & Mining industry distribution chart, USA Rare Earth ranks #1984 out of 2389 companies for ROE %. This places USA Rare Earth in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Metals & Mining company?
A good ROE % depends on the Metals & Mining industry context. However, ROE % 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on USA Rare Earth and its competitors. USA Rare Earth's current ROE % is -22.61%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is USA Rare Earth stock overvalued right now?
USA Rare Earth (MEX:USAR) has a current ROE % of -22.61%. The current ROE % is -22.61%. USA Rare Earth's overall GF Score™ is 12/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For USA Rare Earth (MEX:USAR), the current ROE % is -22.61% 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.
USA Rare Earth Inc is a vertically integrated, domestic rare earth magnet supply chain that supports the state of energy, mobility, and national security in the United States. USARE is developing an NdFeB magnet manufacturing plant in the United States, and establishing domestic rare earth and critical minerals supply, extraction, and processing capabilities to both supply its manufacturing plant and market surplus materials to third parties. The company operates in a single reportable operating segment; that segment being the vertically integrated, domestic rare earth element magnet production supply chain. Geographically, it operates in United States, and International. It derives maximum revenue from International.
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