MP vs USAR

MP Materials Corp. and USA Rare Earth, Inc., both Basic Materials

MP Materials Corp. is the larger company at $9.9B against $5.1B. Over the past year USAR returned -23% against -37% for MP.

MP Materials Corp. and USA Rare Earth, Inc. compared on valuation, return and the RyuScore
Figure	MP	USAR
Last close	$46.15	$12.56
Market cap	$9.9B	$5.1B
1-year return	-37%	-23%
5-year return	+36%	n/a
RyuScoresector-relative, 1–10	27/100	n/a

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

MP Materials Corp.

Revenue of $108M in Q2 2026, net income null. Its largest reported line is Nd Pr Oxide And Metal, 84% of the disclosed total.

MP overview revenue and segments valuation

USA Rare Earth, Inc.

USAR overview revenue and segments valuation

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