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WARRIOR MET COAL, INC.（HCC）与MATERION Corp（MTRN）财务数据对比。点击上方公司名可切换其他公司
MATERION Corp的季度营收约是WARRIOR MET COAL, INC.的1.3倍（$489.8M vs $384.0M），WARRIOR MET COAL, INC.净利率更高（6.0% vs 1.3%，领先4.6%），WARRIOR MET COAL, INC.同比增速更快（29.1% vs 12.1%），过去两年MATERION Corp的营收复合增速更高（12.7% vs -12.7%）
Warrior Met Coal（股票代码HCC）是总部位于美国的矿业企业，主营高品质冶金煤的开采与供应，其产品是钢铁制造的核心原材料，主要服务北美、欧洲、亚洲地区的钢铁生产商及工业客户。
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
HCC vs MTRN — 直观对比
营收规模更大
MTRN
是对方的1.3倍
$384.0M
营收增速更快
HCC
高出17.0%
12.1%
净利率更高
HCC
高出4.6%
1.3%
两年增速更快
MTRN
近两年复合增速
-12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $384.0M | $489.8M |
| 净利润 | $23.0M | $6.6M |
| 毛利率 | 29.5% | 13.0% |
| 营业利润率 | 9.0% | 2.2% |
| 净利率 | 6.0% | 1.3% |
| 营收同比 | 29.1% | 12.1% |
| 净利润同比 | 1919.5% | 113.5% |
| 每股收益（稀释后） | $0.43 | $0.30 |
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HCCMTRN
| Q4 25 | $384.0M | $489.8M | ||
| Q3 25 | $328.6M | $444.8M | ||
| Q2 25 | $297.5M | $431.7M | ||
| Q1 25 | $299.9M | $420.3M | ||
| Q4 24 | $297.5M | $436.9M | ||
| Q3 24 | $327.7M | $436.7M | ||
| Q2 24 | $396.5M | $425.9M | ||
| Q1 24 | $503.5M | $385.3M |
净利润HCCMTRN
| Q4 25 | $23.0M | $6.6M | ||
| Q3 25 | $36.6M | $25.4M | ||
| Q2 25 | $5.6M | $25.1M | ||
| Q1 25 | $-8.2M | $17.7M | ||
| Q4 24 | $1.1M | $-48.9M | ||
| Q3 24 | $41.8M | $22.3M | ||
| Q2 24 | $70.7M | $19.0M | ||
| Q1 24 | $137.0M | $13.4M |
毛利率HCCMTRN
| Q4 25 | 29.5% | 13.0% | ||
| Q3 25 | 27.1% | 19.4% | ||
| Q2 25 | 23.9% | 19.1% | ||
| Q1 25 | 18.1% | 18.1% | ||
| Q4 24 | 23.1% | 21.3% | ||
| Q3 24 | 29.3% | 18.5% | ||
| Q2 24 | 34.1% | 19.0% | ||
| Q1 24 | 43.3% | 18.5% |
营业利润率HCCMTRN
| Q4 25 | 9.0% | 2.2% | ||
| Q3 25 | 6.3% | 7.9% | ||
| Q2 25 | 2.6% | 8.5% | ||
| Q1 25 | -5.8% | 6.5% | ||
| Q4 24 | -1.4% | -8.8% | ||
| Q3 24 | 11.9% | 7.2% | ||
| Q2 24 | 17.9% | 7.5% | ||
| Q1 24 | 29.6% | 5.8% |
净利率HCCMTRN
| Q4 25 | 6.0% | 1.3% | ||
| Q3 25 | 11.1% | 5.7% | ||
| Q2 25 | 1.9% | 5.8% | ||
| Q1 25 | -2.7% | 4.2% | ||
| Q4 24 | 0.4% | -11.2% | ||
| Q3 24 | 12.7% | 5.1% | ||
| Q2 24 | 17.8% | 4.5% | ||
| Q1 24 | 27.2% | 3.5% |
每股收益（稀释后）HCCMTRN
| Q4 25 | $0.43 | $0.30 | ||
| Q3 25 | $0.70 | $1.22 | ||
| Q2 25 | $0.11 | $1.21 | ||
| Q1 25 | $-0.16 | $0.85 | ||
| Q4 24 | $0.02 | $-2.34 | ||
| Q3 24 | $0.80 | $1.07 | ||
| Q2 24 | $1.35 | $0.91 | ||
| Q1 24 | $2.62 | $0.64 |
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 | $300.0M | $13.7M |
| 总债务越低越好 | $154.3M | $460.6M |
| 股东权益账面价值 | $2.1B | $943.3M |
| 总资产 | $2.8B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资HCCMTRN
| Q4 25 | $300.0M | $13.7M | ||
| Q3 25 | $336.3M | $16.4M | ||
| Q2 25 | $383.3M | $12.6M | ||
| Q1 25 | $454.9M | $15.6M | ||
| Q4 24 | $491.5M | $16.7M | ||
| Q3 24 | $583.2M | $17.9M | ||
| Q2 24 | $709.0M | $17.1M | ||
| Q1 24 | $693.9M | $13.1M |
总债务HCCMTRN
| Q4 25 | $154.3M | $460.6M | ||
| Q3 25 | $154.1M | $458.9M | ||
| Q2 25 | $153.9M | $427.6M | ||
| Q1 25 | $153.8M | $453.0M | ||
| Q4 24 | $153.6M | $443.9M | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — | ||
| Q1 24 | $153.2M | $477.9M |
股东权益HCCMTRN
| Q4 25 | $2.1B | $943.3M | ||
| Q3 25 | $2.1B | $934.6M | ||
| Q2 25 | $2.1B | $910.6M | ||
| Q1 25 | $2.1B | $887.9M | ||
| Q4 24 | $2.1B | $868.9M | ||
| Q3 24 | $2.1B | $931.9M | ||
| Q2 24 | $2.0B | $907.1M | ||
| Q1 24 | $2.0B | $889.9M |
总资产HCCMTRN
| Q4 25 | $2.8B | $1.8B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.5B | $1.8B |
负债/权益比HCCMTRN
| Q4 25 | 0.07× | 0.49× | ||
| Q3 25 | 0.07× | 0.49× | ||
| Q2 25 | 0.07× | 0.47× | ||
| Q1 25 | 0.07× | 0.51× | ||
| Q4 24 | 0.07× | 0.51× | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.08× | 0.54× |
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 | $76.1M | $19.5M |
| 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 | 3.31× | 2.97× |
| 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HCCMTRN
| Q4 25 | $76.1M | $19.5M | ||
| Q3 25 | $104.7M | $18.3M | ||
| Q2 25 | $37.5M | $49.9M | ||
| Q1 25 | $10.9M | $15.5M | ||
| Q4 24 | $54.2M | $76.3M | ||
| Q3 24 | $62.2M | $5.1M | ||
| Q2 24 | $147.0M | $20.3M | ||
| Q1 24 | $104.1M | $-13.8M |
自由现金流HCCMTRN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-24.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-35.1M |
自由现金流率HCCMTRN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -5.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -9.1% |
资本支出强度HCCMTRN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.5% |
现金转化率HCCMTRN
| Q4 25 | 3.31× | 2.97× | ||
| Q3 25 | 2.86× | 0.72× | ||
| Q2 25 | 6.70× | 1.99× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | 47.68× | — | ||
| Q3 24 | 1.49× | 0.23× | ||
| Q2 24 | 2.08× | 1.07× | ||
| Q1 24 | 0.76× | -1.03× |
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
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
