All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2020; the latest 2020-11-23.
From the record
MP Materials Corp.'s filings since 2020 show 1 warning event: an auditor change (8-K item 4.01, the latest 2020-11-23) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+20.6% a year over 7 filed years; profitable in 3 of 7.
From the record
MP Materials Corp.'s 7 filed years say what it did: revenue went from $73 million in fiscal 2019 to $224 million in fiscal 2025, up 20.6% a year; it rose in 4 of 6 years; the deepest fall was 61% from fiscal 2022 to fiscal 2024; net income was positive in 3 of 7 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 9.8/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: MP Materials Corp.'s shareholder treatment is put at 9.8 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 1% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -4%: lost 4¢ per shareholder dollar. Leverage 49%: owes 49¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, MP Materials Corp. lost about 4 cents for every dollar of shareholders' money. Leverage: it owed about 49 cents per dollar of assets, and net share issuance: its share count grew 0.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 38% of 24 in its family; net margin -38.3%.
From the record
MP Materials Corp.'s standing among 24 graded names in its industry family: revenue of $224 million in fiscal 2025 ranks in the top 50% by size; a net margin of -38.3% ranks in the bottom 44%; revenue growth of -24.8% a year over the last 3 filed years ranks in the bottom 20% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 31% of 15 in its family for leadership; chief executive since 2020.
From the record
MP Materials Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Litinsky, James H. (Chairman and CEO, as filed), filing under that title since 2020-11-19, 6 years (top 27% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 6 years (top 42%); 2 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 25%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 34% of 20 in its family for room to expand.
From the record
MP Materials Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.2 billion against debt of $931 million leaves 6.1% of its assets as net cash, top 50% of its family; cash from operations less capital spending is -146.2% of revenue (bottom 18%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 31% of 21 in its family for growth drivers.
From the record
MP Materials Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -24.8% a year over the last three filed years against 20.6% over all 7, slowing (bottom 3% of its family); the newest year grew 10.1% (top 37%); capital spending grew -19.2% a year (bottom 28%) (its annual reports). MP Materials Corp. reported 2 lines of business in fiscal 2025: Materials at $160 million, Magnetics at $67 million. Their growth is not matched year over year yet, and the largest line is 71% of revenue (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 36% of 18 in its family for expectations against reality.
From the record
MP Materials Corp.'s newest year against its own record: revenue of $224 million in fiscal 2025 came in 77% above the $127 million its prior three years' pace pointed to (top 13% of its family); net income of $86 million against a prior three-year average of $83 million (bottom 8%); a net margin of -38.3% against 10.8% before (bottom 14%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made