vs
HA Sustainable Infrastructure Capital, Inc.（HASI）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
HA Sustainable Infrastructure Capital, Inc.的季度营收约是MP Materials Corp.的1.3倍（$114.8M vs $90.6M），MP Materials Corp.净利率更高（-8.8% vs -46.8%，领先38.0%），MP Materials Corp.同比增速更快（49.1% vs 13.3%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs 4.2%）
HA可持续基础设施资本公司（HASI）是一家聚焦可持续基础设施领域的专业投资机构，业务覆盖可再生能源、能效提升、可持续地产及低碳公用事业板块，主要在北美市场运营，为合格绿色项目提供长期资本支持，为投资者创造稳定的经风险调整后回报。
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。
HASI vs MP — 直观对比
营收规模更大
HASI
是对方的1.3倍
$90.6M
营收增速更快
MP
高出35.7%
13.3%
净利率更高
MP
高出38.0%
-46.8%
两年增速更快
MP
近两年复合增速
4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $114.8M | $90.6M |
| 净利润 | $-53.8M | $-8.0M |
| 毛利率 | — | — |
| 营业利润率 | -57.4% | — |
| 净利率 | -46.8% | -8.8% |
| 营收同比 | 13.3% | 49.1% |
| 净利润同比 | -176.7% | 64.8% |
| 每股收益（稀释后） | $-0.38 | $-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HASIMP
| Q1 26 | — | $90.6M | ||
| Q4 25 | $114.8M | $52.7M | ||
| Q3 25 | $103.1M | $53.6M | ||
| Q2 25 | $85.7M | $57.4M | ||
| Q1 25 | $96.9M | $60.8M | ||
| Q4 24 | $101.3M | $61.0M | ||
| Q3 24 | $82.0M | $62.9M | ||
| Q2 24 | $94.5M | $31.3M |
净利润HASIMP
| Q1 26 | — | $-8.0M | ||
| Q4 25 | $-53.8M | $9.4M | ||
| Q3 25 | $83.3M | $-41.8M | ||
| Q2 25 | $98.4M | $-30.9M | ||
| Q1 25 | $56.6M | $-22.6M | ||
| Q4 24 | $70.1M | $-22.3M | ||
| Q3 24 | $-19.6M | $-25.5M | ||
| Q2 24 | $26.5M | $-34.1M |
营业利润率HASIMP
| Q1 26 | — | — | ||
| Q4 25 | -57.4% | -7.0% | ||
| Q3 25 | — | -125.2% | ||
| Q2 25 | — | -76.5% | ||
| Q1 25 | 84.7% | -57.2% | ||
| Q4 24 | 90.9% | -72.1% | ||
| Q3 24 | -32.1% | -62.8% | ||
| Q2 24 | 39.5% | -171.1% |
净利率HASIMP
| Q1 26 | — | -8.8% | ||
| Q4 25 | -46.8% | 17.9% | ||
| Q3 25 | 80.8% | -78.0% | ||
| Q2 25 | 114.9% | -53.8% | ||
| Q1 25 | 58.4% | -37.2% | ||
| Q4 24 | 69.2% | -36.6% | ||
| Q3 24 | -23.9% | -40.5% | ||
| Q2 24 | 28.1% | -108.9% |
每股收益（稀释后）HASIMP
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $-0.38 | $0.07 | ||
| Q3 25 | $0.61 | $-0.24 | ||
| Q2 25 | $0.74 | $-0.19 | ||
| Q1 25 | $0.44 | $-0.14 | ||
| Q4 24 | $0.58 | $-0.12 | ||
| Q3 24 | $-0.17 | $-0.16 | ||
| Q2 24 | $0.23 | $-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 | $110.2M | $1.7B |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $2.7B | $2.0B |
| 总资产 | $8.2B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资HASIMP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $110.2M | $1.2B | ||
| Q3 25 | $301.8M | $1.1B | ||
| Q2 25 | $86.5M | $261.5M | ||
| Q1 25 | $67.4M | $198.3M | ||
| Q4 24 | $129.8M | $282.4M | ||
| Q3 24 | $44.1M | $284.4M | ||
| Q2 24 | $145.7M | $295.6M |
总债务HASIMP
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $998.7M | ||
| Q3 25 | — | $997.3M | ||
| Q2 25 | — | $910.8M | ||
| Q1 25 | — | $909.8M | ||
| Q4 24 | — | $908.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HASIMP
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $1.0B | ||
| Q1 25 | $2.5B | $1.0B | ||
| Q4 24 | $2.4B | $1.1B | ||
| Q3 24 | $2.3B | $1.1B | ||
| Q2 24 | $2.3B | $1.1B |
总资产HASIMP
| Q1 26 | — | $3.8B | ||
| Q4 25 | $8.2B | $3.9B | ||
| Q3 25 | $8.2B | $3.8B | ||
| Q2 25 | $7.6B | $2.3B | ||
| Q1 25 | $7.5B | $2.4B | ||
| Q4 24 | $7.1B | $2.3B | ||
| Q3 24 | $6.7B | $2.3B | ||
| Q2 24 | $6.7B | $2.4B |
负债/权益比HASIMP
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | — | ||
| Q2 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 | $167.3M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流HASIMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | $167.3M | $-46.9M | ||
| Q3 25 | $-121.8M | $-42.0M | ||
| Q2 25 | $79.6M | $-3.7M | ||
| Q1 25 | $-37.1M | $-63.2M | ||
| Q4 24 | $5.9M | $30.5M | ||
| Q3 24 | $21.9M | $-6.8M | ||
| Q2 24 | $-24.8M | $30.8M |
自由现金流HASIMP
| Q1 26 | — | — | ||
| Q4 25 | — | $-109.3M | ||
| Q3 25 | — | $-92.5M | ||
| Q2 25 | — | $-32.7M | ||
| Q1 25 | — | $-93.7M | ||
| Q4 24 | — | $-11.2M | ||
| Q3 24 | — | $-53.3M | ||
| Q2 24 | — | $-15.6M |
自由现金流率HASIMP
| Q1 26 | — | — | ||
| Q4 25 | — | -207.4% | ||
| Q3 25 | — | -172.8% | ||
| Q2 25 | — | -56.9% | ||
| Q1 25 | — | -154.0% | ||
| Q4 24 | — | -18.3% | ||
| Q3 24 | — | -84.7% | ||
| Q2 24 | — | -50.1% |
资本支出强度HASIMP
| Q1 26 | — | — | ||
| Q4 25 | — | 118.5% | ||
| Q3 25 | — | 94.3% | ||
| Q2 25 | — | 50.5% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 73.8% | ||
| Q2 24 | — | 148.7% |
现金转化率HASIMP
| Q1 26 | — | — | ||
| Q4 25 | — | -4.97× | ||
| Q3 25 | -1.46× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | -0.66× | — | ||
| Q4 24 | 0.08× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.94× | — |
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
HASI
暂无分部数据
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
