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LIVE
MP
MP Materials Corp · Mining / Critical Minerals
$60.05
+31.46% this month
VERSUS
COMPARE
USAR
USA Rare Earth, Inc. · Mining / Critical Minerals
$19.26
+21.74% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
MP
3
USAR
2
Comparison scoreboard
MP LEADS 3/5AI Score
MP ✓59.6
USAR 31.5
1Y Return
MP -12.05%
USAR ✓+26.13%
Fwd P/E
MP ✓67.86
USAR -444.50
Target Up.
MP +25.52%
USAR ✓+94.06%
Op. Margin
MP ✓-14.72%
USAR -795.64%
Metrics last refreshed: 8/23/2026
Quick take
MP vs USAR Stock Comparison: AI Score, Valuation, Performance and Upside
MP Materials is the more established rare earth company with an operating mine and expanding downstream ambitions, while USA Rare Earth is an earlier-stage company concentrated on building domestic magnet manufacturing capacity.
Investors weighing MP Materials against USA Rare Earth are choosing between a more mature, production-backed rare earth company and an earlier-stage, more speculative bet on domestic magnet manufacturing buildout.
Live analysis · updated 8/23/2026
MP holds the edge across 3 of 5 key metrics in this comparison. USAR has delivered stronger 1-year price return (+26.13% vs -12.05%), though MP has the better forward P/E setup (67.86x vs -444.50x for USAR). Analyst consensus implies meaningfully more upside for USAR (+94.06%) than for MP (+25.52%).
Normalized 1Y performance
MP
USAR
Recent returns
MP
USAR
Analyst price targets & sentiment
MP · 16 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.3/5.0)
Price target range
analyst low$58.00
analyst high$100.00
analyst mean$75.38
current price$60.05
+25.5% upside to analyst mean
USAR · 8 analysts
STRONG BUYHOLDSTRONG SELL
Strong Buy (1.1/5.0)
Price target range
analyst low$30.00
analyst high$45.00
analyst mean$37.38
current price$19.26
+94.1% upside to analyst mean
Who should consider this stock?
MP may suit investors who:
- Prefer an established, currently operating rare earth producer
- Want exposure to US government-backed strategic minerals initiatives
- Believe in the long-term buildout of a domestic rare earth supply chain
- Can tolerate volatility tied to rare earth pricing and Chinese supply dynamics
USAR may suit investors who:
- Are comfortable with earlier-stage manufacturing buildout risk
- Want more concentrated exposure to the magnet manufacturing segment specifically
- Believe in continued policy support for domestic rare earth supply chains
- Can tolerate execution and financing risk typical of newer industrial developers
Performance & AI score
| Metric | MP | USAR |
|---|---|---|
| AI score | 59.6 | 31.5 |
| AI rank | #166 | #2152 |
| Latest close | $60.05 | $19.26 |
| 1M return | +31.46% | +21.74% |
| 6M return | +2.54% | +4.73% |
| 1Y return | -12.05% | +26.13% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | MP | USAR |
|---|---|---|
| 1Y ago | $8.79K (-12.1%) started 2025-08-21 | $12.61K (+26.1%) started 2025-08-21 |
| 5Y ago | $18.95K (+89.5%) started 2021-08-23 | $19.13K (+91.3%) started 2023-07-17 |
| 10Y ago | $60.05K (+500.5%) started 2020-06-22 | $19.13K (+91.3%) started 2023-07-17 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | MP | USAR |
|---|---|---|
| Market cap | $10.7B | $4.71B |
| Trailing P/E | N/A | N/A |
| Forward P/E | 67.86 | -444.50 |
| Price/Sales | 25.69 | 358.10 |
| EV/Revenue | 25.56 | 242.79 |
| Analyst target | $75.38 | $37.38 |
| Target upside | +25.52% | +94.06% |
Growth, profitability & risk
| Metric | MP | USAR |
|---|---|---|
| Revenue growth | 119.70% | N/A |
| Earnings growth | N/A | N/A |
| EPS growth | N/A | N/A |
| FCF margin | -104.01% | -2157.40% |
| Operating margin | -14.72% | -795.64% |
| Profit margin | -14.56% | 0.00% |
| ROIC proxy | -3.58% | -23.56% |
| Return on equity | -3.58% | -23.56% |
| Dividend yield | 0.00% | 0.00% |
| Beta | 1.92 | 2.58 |
| Debt/equity | 41.40 | 0.13 |
| Current ratio | 9.51 | 32.79 |
| Quick ratio | 8.44 | 30.12 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
MP max drawdown61.38%
USAR max drawdown69.23%
MP max wkly drop24.88%
USAR max wkly drop31.92%
5Y risk snapshot
MP max drawdown81.99%
USAR max drawdown69.23%
MP max wkly drop24.88%
USAR max wkly drop62.94%
10Y risk snapshot
MP max drawdown81.99%
USAR max drawdown69.23%
MP max wkly drop25.69%
USAR max wkly drop62.94%
Performance metrics by period
| Period | Metric | MP | USAR |
|---|---|---|---|
| 1Y | Growth | -12.05% | +26.13% |
| CAGR | -12.06% | +26.15% | |
| Sharpe ratio | 0.15 | 0.72 | |
| Max drawdown | 61.38% | 69.23% | |
| Max daily drop | 11.99% | 17.08% | |
| Max wkly drop | 24.88% | 31.92% | |
| 5Y | Growth | +89.49% | +91.26% |
| CAGR | +13.65% | +23.30% | |
| Sharpe ratio | 0.46 | 0.64 | |
| Max drawdown | 81.99% | 69.23% | |
| Max daily drop | 14.29% | 29.37% | |
| Max wkly drop | 24.88% | 62.94% | |
| 10Y | Growth | +500.50% | +91.26% |
| CAGR | +33.76% | +23.30% | |
| Sharpe ratio | 0.69 | 0.64 | |
| Max drawdown | 81.99% | 69.23% | |
| Max daily drop | 18.27% | 29.37% | |
| Max wkly drop | 25.69% | 62.94% |
Business comparison
| Category | MP | USAR |
|---|---|---|
| Company | MP Materials Corp | USA Rare Earth, Inc. |
| Sector | Mining / Critical Minerals | Mining / Critical Minerals |
| Industry | N/A | N/A |
| Core business | MP Materials owns and operates the Mountain Pass rare earth mine in California, the only integrated rare earth mining and processing operation of scale in the United States, and has attracted US government backing. | USA Rare Earth is an earlier-stage company focused on building domestic rare earth magnet manufacturing capacity and developing rare earth resources, aiming to reduce US reliance on Chinese supply chains. |
| Investor focus | Watch progress on downstream processing and magnet manufacturing capacity as the company works to move beyond raw material extraction. | Watch progress on magnet manufacturing facility development and any government or industry partnerships supporting domestic supply chain goals. |
MP strengths
- Operates an established, producing rare earth mine with a long operating history
- Backing and support from the US government tied to strategic minerals policy
- Positioned as a leading candidate for building a domestic rare earth supply chain
USAR strengths
- Focused specifically on the rare earth magnet manufacturing segment of the supply chain
- Positioned to benefit from policy and industry push toward domestic magnet production
- Potential partnerships and government interest tied to critical minerals independence
Risks to watch — MP
- Rare earth prices are volatile and heavily influenced by Chinese supply and policy
- Significant capital investment required to build out downstream processing and magnet capacity
- Execution risk in scaling new processing operations on schedule
Risks to watch — USAR
- Earlier-stage manufacturing buildout with limited established production history
- Capital intensity and execution risk in scaling new magnet manufacturing facilities
- Competitive and pricing pressure from established international magnet producers
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