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Firefly Aerospace Inc.（FLY）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
MP Materials Corp.的季度营收约是Firefly Aerospace Inc.的1.7倍（$52.7M vs $30.8M），MP Materials Corp.净利率更高（17.9% vs -433.5%，领先451.4%），Firefly Aerospace Inc.同比增速更快（37.6% vs -13.6%），Firefly Aerospace Inc.自由现金流更多（$-62.0M vs $-109.3M）
萤火虫航空航天（Firefly Aerospace）是总部位于美国得克萨斯州锡达帕克的商业航天企业，专注于研发中小型运载火箭，为客户提供商业轨道发射服务，致力于降低太空准入门槛，推动商业航天行业的发展。
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。
FLY vs MP — 直观对比
营收规模更大
MP
是对方的1.7倍
$30.8M
营收增速更快
FLY
高出51.2%
-13.6%
净利率更高
MP
高出451.4%
-433.5%
自由现金流更多
FLY
多$47.3M
$-109.3M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $30.8M | $52.7M |
| 净利润 | $-133.4M | $9.4M |
| 毛利率 | 27.6% | — |
| 营业利润率 | -202.1% | -7.0% |
| 净利率 | -433.5% | 17.9% |
| 营收同比 | 37.6% | -13.6% |
| 净利润同比 | -227.1% | 142.2% |
| 每股收益（稀释后） | $-1.50 | $0.07 |
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FLYMP
| Q4 25 | — | $52.7M | ||
| Q3 25 | $30.8M | $53.6M | ||
| Q2 25 | $15.5M | $57.4M | ||
| Q1 25 | — | $60.8M | ||
| Q4 24 | — | $61.0M | ||
| Q3 24 | $22.4M | $62.9M | ||
| Q2 24 | $21.1M | $31.3M | ||
| Q1 24 | — | $48.7M |
净利润FLYMP
| Q4 25 | — | $9.4M | ||
| Q3 25 | $-133.4M | $-41.8M | ||
| Q2 25 | $-63.8M | $-30.9M | ||
| Q1 25 | — | $-22.6M | ||
| Q4 24 | — | $-22.3M | ||
| Q3 24 | $-40.8M | $-25.5M | ||
| Q2 24 | $-53.5M | $-34.1M | ||
| Q1 24 | — | $16.5M |
毛利率FLYMP
| Q4 25 | — | — | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 25.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 34.7% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | — | — |
营业利润率FLYMP
| Q4 25 | — | -7.0% | ||
| Q3 25 | -202.1% | -125.2% | ||
| Q2 25 | -349.5% | -76.5% | ||
| Q1 25 | — | -57.2% | ||
| Q4 24 | — | -72.1% | ||
| Q3 24 | -152.9% | -62.8% | ||
| Q2 24 | -232.1% | -171.1% | ||
| Q1 24 | — | -66.6% |
净利率FLYMP
| Q4 25 | — | 17.9% | ||
| Q3 25 | -433.5% | -78.0% | ||
| Q2 25 | -410.2% | -53.8% | ||
| Q1 25 | — | -37.2% | ||
| Q4 24 | — | -36.6% | ||
| Q3 24 | -182.3% | -40.5% | ||
| Q2 24 | -253.7% | -108.9% | ||
| Q1 24 | — | 33.9% |
每股收益（稀释后）FLYMP
| Q4 25 | — | $0.07 | ||
| Q3 25 | $-1.50 | $-0.24 | ||
| Q2 25 | $-5.78 | $-0.19 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $-3.57 | $-0.16 | ||
| Q2 24 | $-4.60 | $-0.21 | ||
| Q1 24 | — | $-0.08 |
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 | $995.2M | $1.2B |
| 总债务越低越好 | — | $998.7M |
| 股东权益账面价值 | $948.8M | $2.0B |
| 总资产 | $1.3B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资FLYMP
| Q4 25 | — | $1.2B | ||
| Q3 25 | $995.2M | $1.1B | ||
| Q2 25 | $205.3M | $261.5M | ||
| Q1 25 | — | $198.3M | ||
| Q4 24 | — | $282.4M | ||
| Q3 24 | $26.4M | $284.4M | ||
| Q2 24 | $21.9M | $295.6M | ||
| Q1 24 | — | $296.5M |
总债务FLYMP
| Q4 25 | — | $998.7M | ||
| Q3 25 | — | $997.3M | ||
| Q2 25 | $136.1M | $910.8M | ||
| Q1 25 | — | $909.8M | ||
| Q4 24 | — | $908.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FLYMP
| Q4 25 | — | $2.0B | ||
| Q3 25 | $948.8M | $2.0B | ||
| Q2 25 | $-918.0M | $1.0B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $-665.5M | $1.1B | ||
| Q2 24 | $-620.0M | $1.1B | ||
| Q1 24 | — | $1.1B |
总资产FLYMP
| Q4 25 | — | $3.9B | ||
| Q3 25 | $1.3B | $3.8B | ||
| Q2 25 | $466.8M | $2.3B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
负债/权益比FLYMP
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-53.0M | $-46.9M |
| 自由现金流经营现金流 - 资本支出 | $-62.0M | $-109.3M |
| 自由现金流率自由现金流/营收 | -201.3% | -207.4% |
| 资本支出强度资本支出/营收 | 29.0% | 118.5% |
| 现金转化率经营现金流/净利润 | — | -4.97× |
| 过去12个月自由现金流最近4个季度 | — | $-328.1M |
8季度趋势，按日历期对齐
经营现金流FLYMP
| Q4 25 | — | $-46.9M | ||
| Q3 25 | $-53.0M | $-42.0M | ||
| Q2 25 | — | $-3.7M | ||
| Q1 25 | — | $-63.2M | ||
| Q4 24 | — | $30.5M | ||
| Q3 24 | — | $-6.8M | ||
| Q2 24 | — | $30.8M | ||
| Q1 24 | — | $-41.1M |
自由现金流FLYMP
| Q4 25 | — | $-109.3M | ||
| Q3 25 | $-62.0M | $-92.5M | ||
| Q2 25 | — | $-32.7M | ||
| Q1 25 | — | $-93.7M | ||
| Q4 24 | — | $-11.2M | ||
| Q3 24 | — | $-53.3M | ||
| Q2 24 | — | $-15.6M | ||
| Q1 24 | — | $-93.0M |
自由现金流率FLYMP
| Q4 25 | — | -207.4% | ||
| Q3 25 | -201.3% | -172.8% | ||
| Q2 25 | — | -56.9% | ||
| Q1 25 | — | -154.0% | ||
| Q4 24 | — | -18.3% | ||
| Q3 24 | — | -84.7% | ||
| Q2 24 | — | -50.1% | ||
| Q1 24 | — | -191.0% |
资本支出强度FLYMP
| Q4 25 | — | 118.5% | ||
| Q3 25 | 29.0% | 94.3% | ||
| Q2 25 | — | 50.5% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.8% | ||
| Q2 24 | — | 148.7% | ||
| Q1 24 | — | 106.5% |
现金转化率FLYMP
| Q4 25 | — | -4.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -2.49× |
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
FLY
| Spacecraft Solutions Revenue | $21.4M | 69% |
| Launch Revenue | $9.4M | 31% |
MP
| Materials Segment | $35.6M | 68% |
| Other | $17.1M | 32% |
