Company / Interest Expense
MP Materials Interest Expense History
FY2019-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$23.4M
FY2024
5-year range
$3.4M / $23.4M
FY2020-FY2024
Trend
+345.4%
vs FY2023
Sector context
#36 of 51
Materials
What the data says
Interest Expense changed +345% YoY in FY2024, a notable deviation from the 5-year average annual change of +82%.
Based on SEC 10-K filings.
$23M in FY2024 with a 5-year CAGR of +47.0%.
Increased from $5M to $23M over the past 2 years.
Materials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +90.0%
- 5-Year CAGR
- +47.0%
- 10-Year CAGR
- -
Sector benchmark
#16 of 51 in MaterialsTop 29% of 51This company $23.4M Sector average $150.0M
▼
-84.4% below sector average
Key checks
Key Insights
- MP Materials's interest expense has grown for 3 consecutive years.
- 5-year CAGR of +47.0%, indicating consistent growth.
- In FY2024, interest expense increased 345.4% year-over-year.
- Ranks #36 out of 51 companies in the Materials sector.
Company context
Key Data Points
- Altman Z-Score 0.78 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $23.4M | +345.4% |
| FY2023 | $5.3M | +4.9% |
| FY2022 | $5.0M | +46.8% |
| FY2021 | $3.4M | -31.9% |
| FY2020 | $5.0M | +46.8% |
| FY2019 | $3.4M | - |
As of FY2024 · SEC 10-K · Updated Jun 30, 2026