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威伯科（CVGI）与MP Materials Corp.（MP）财务数据对比。点击上方公司名可切换其他公司
威伯科的季度营收约是MP Materials Corp.的1.7倍（$154.8M vs $90.6M），MP Materials Corp.同比增速更快（49.1% vs -5.2%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs -10.8%）
威伯科控股曾是总部位于美国的重型商用车零部件供应商，主打电子制动、稳定性控制、悬挂及传动自动化系统，产品广泛应用于卡车、巴士、挂车以及非道路作业车辆等各类商用车领域，是商用车行业重要的零部件提供商。
MP Materials Corp.是总部位于美国的稀土材料生产商，拥有并运营加利福尼亚州芒廷帕斯矿，这是西半球唯一在产的稀土开采及加工设施，所产核心材料可广泛应用于电动汽车、风力发电机、国防工业等多个关键领域。
CVGI vs MP — 直观对比
营收规模更大
CVGI
是对方的1.7倍
$90.6M
营收增速更快
MP
高出54.3%
-5.2%
两年增速更快
MP
近两年复合增速
-10.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $154.8M | $90.6M |
| 净利润 | — | $-8.0M |
| 毛利率 | 9.7% | — |
| 营业利润率 | -1.2% | — |
| 净利率 | — | -8.8% |
| 营收同比 | -5.2% | 49.1% |
| 净利润同比 | — | 64.8% |
| 每股收益（稀释后） | — | $-0.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CVGIMP
| Q1 26 | — | $90.6M | ||
| Q4 25 | $154.8M | $52.7M | ||
| Q3 25 | $152.5M | $53.6M | ||
| Q2 25 | $172.0M | $57.4M | ||
| Q1 25 | $169.8M | $60.8M | ||
| Q4 24 | $163.3M | $61.0M | ||
| Q3 24 | $171.8M | $62.9M | ||
| Q2 24 | $193.7M | $31.3M |
净利润CVGIMP
| Q1 26 | — | $-8.0M | ||
| Q4 25 | — | $9.4M | ||
| Q3 25 | $-7.1M | $-41.8M | ||
| Q2 25 | $-4.8M | $-30.9M | ||
| Q1 25 | $-4.3M | $-22.6M | ||
| Q4 24 | — | $-22.3M | ||
| Q3 24 | $9.5M | $-25.5M | ||
| Q2 24 | $-1.6M | $-34.1M |
毛利率CVGIMP
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.5% | — | ||
| Q2 25 | 11.4% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 10.6% | — |
营业利润率CVGIMP
| Q1 26 | — | — | ||
| Q4 25 | -1.2% | -7.0% | ||
| Q3 25 | -0.7% | -125.2% | ||
| Q2 25 | 0.5% | -76.5% | ||
| Q1 25 | 0.8% | -57.2% | ||
| Q4 24 | -3.2% | -72.1% | ||
| Q3 24 | -0.6% | -62.8% | ||
| Q2 24 | 0.5% | -171.1% |
净利率CVGIMP
| Q1 26 | — | -8.8% | ||
| Q4 25 | — | 17.9% | ||
| Q3 25 | -4.6% | -78.0% | ||
| Q2 25 | -2.8% | -53.8% | ||
| Q1 25 | -2.5% | -37.2% | ||
| Q4 24 | — | -36.6% | ||
| Q3 24 | 5.5% | -40.5% | ||
| Q2 24 | -0.8% | -108.9% |
每股收益（稀释后）CVGIMP
| Q1 26 | — | $-0.04 | ||
| Q4 25 | — | $0.07 | ||
| Q3 25 | — | $-0.24 | ||
| Q2 25 | — | $-0.19 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | $-0.05 | $-0.21 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $1.7B |
| 总债务越低越好 | $104.9M | $1.0B |
| 股东权益账面价值 | $133.4M | $2.0B |
| 总资产 | $391.7M | $3.8B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资CVGIMP
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $261.5M | ||
| Q1 25 | — | $198.3M | ||
| Q4 24 | — | $282.4M | ||
| Q3 24 | — | $284.4M | ||
| Q2 24 | — | $295.6M |
总债务CVGIMP
| Q1 26 | — | $1.0B | ||
| Q4 25 | $104.9M | $998.7M | ||
| Q3 25 | $108.2M | $997.3M | ||
| Q2 25 | $118.2M | $910.8M | ||
| Q1 25 | $117.4M | $909.8M | ||
| Q4 24 | $135.5M | $908.7M | ||
| Q3 24 | $128.8M | — | ||
| Q2 24 | $142.0M | — |
股东权益CVGIMP
| Q1 26 | — | $2.0B | ||
| Q4 25 | $133.4M | $2.0B | ||
| Q3 25 | $136.5M | $2.0B | ||
| Q2 25 | $142.6M | $1.0B | ||
| Q1 25 | $136.7M | $1.0B | ||
| Q4 24 | $135.6M | $1.1B | ||
| Q3 24 | $179.3M | $1.1B | ||
| Q2 24 | $169.6M | $1.1B |
总资产CVGIMP
| Q1 26 | — | $3.8B | ||
| Q4 25 | $391.7M | $3.9B | ||
| Q3 25 | $400.3M | $3.8B | ||
| Q2 25 | $429.8M | $2.3B | ||
| Q1 25 | $419.8M | $2.4B | ||
| Q4 24 | $424.6M | $2.3B | ||
| Q3 24 | $495.3M | $2.3B | ||
| Q2 24 | $503.2M | $2.4B |
负债/权益比CVGIMP
| Q1 26 | — | 0.51× | ||
| Q4 25 | 0.79× | 0.50× | ||
| Q3 25 | 0.79× | 0.51× | ||
| Q2 25 | 0.83× | 0.90× | ||
| Q1 25 | 0.86× | 0.88× | ||
| Q4 24 | 1.00× | 0.86× | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.84× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $12.3M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | — |
| 自由现金流率自由现金流/营收 | 5.6% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $34.0M | — |
8季度趋势，按日历期对齐
经营现金流CVGIMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | $12.3M | $-46.9M | ||
| Q3 25 | $-1.7M | $-42.0M | ||
| Q2 25 | $18.9M | $-3.7M | ||
| Q1 25 | $15.2M | $-63.2M | ||
| Q4 24 | $-26.6M | $30.5M | ||
| Q3 24 | $-17.1M | $-6.8M | ||
| Q2 24 | $12.6M | $30.8M |
自由现金流CVGIMP
| Q1 26 | — | — | ||
| Q4 25 | $8.7M | $-109.3M | ||
| Q3 25 | $-3.5M | $-92.5M | ||
| Q2 25 | $17.4M | $-32.7M | ||
| Q1 25 | $11.4M | $-93.7M | ||
| Q4 24 | $-30.6M | $-11.2M | ||
| Q3 24 | $-20.3M | $-53.3M | ||
| Q2 24 | $6.4M | $-15.6M |
自由现金流率CVGIMP
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | -207.4% | ||
| Q3 25 | -2.3% | -172.8% | ||
| Q2 25 | 10.1% | -56.9% | ||
| Q1 25 | 6.7% | -154.0% | ||
| Q4 24 | -18.7% | -18.3% | ||
| Q3 24 | -11.8% | -84.7% | ||
| Q2 24 | 3.3% | -50.1% |
资本支出强度CVGIMP
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 118.5% | ||
| Q3 25 | 1.2% | 94.3% | ||
| Q2 25 | 0.9% | 50.5% | ||
| Q1 25 | 2.2% | 50.1% | ||
| Q4 24 | 2.4% | 68.3% | ||
| Q3 24 | 1.9% | 73.8% | ||
| Q2 24 | 3.2% | 148.7% |
现金转化率CVGIMP
| Q1 26 | — | — | ||
| Q4 25 | — | -4.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.79× | — | ||
| Q2 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
