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NLIGHT, INC.（LASR）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NLIGHT, INC.的1.1倍（$90.6M vs $80.2M），NLIGHT, INC.净利率更高（0.8% vs -8.8%，领先9.6%），NLIGHT, INC.同比增速更快（55.2% vs 49.1%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs 26.0%）
nLight Inc.是全球领先的高性能半导体激光器、光纤激光器及相关光学组件研发生产商，产品广泛应用于工业精密制造、航空航天与国防、医疗设备、前沿研究等核心领域，客户遍及北美、欧洲及亚太地区。
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。
LASR vs MP — 直观对比
营收规模更大
MP
是对方的1.1倍
$80.2M
营收增速更快
LASR
高出6.1%
49.1%
净利率更高
LASR
高出9.6%
-8.8%
两年增速更快
MP
近两年复合增速
26.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $80.2M | $90.6M |
| 净利润 | $645.0K | $-8.0M |
| 毛利率 | 33.1% | — |
| 营业利润率 | 66.0% | — |
| 净利率 | 0.8% | -8.8% |
| 营收同比 | 55.2% | 49.1% |
| 净利润同比 | — | 64.8% |
| 每股收益（稀释后） | $0.01 | $-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LASRMP
| Q1 26 | $80.2M | $90.6M | ||
| Q4 25 | $81.2M | $52.7M | ||
| Q3 25 | $66.7M | $53.6M | ||
| Q2 25 | $61.7M | $57.4M | ||
| Q1 25 | $51.7M | $60.8M | ||
| Q4 24 | $47.4M | $61.0M | ||
| Q3 24 | $56.1M | $62.9M | ||
| Q2 24 | $50.5M | $31.3M |
净利润LASRMP
| Q1 26 | $645.0K | $-8.0M | ||
| Q4 25 | $-4.9M | $9.4M | ||
| Q3 25 | $-6.9M | $-41.8M | ||
| Q2 25 | $-3.6M | $-30.9M | ||
| Q1 25 | $-8.1M | $-22.6M | ||
| Q4 24 | $-25.0M | $-22.3M | ||
| Q3 24 | $-10.3M | $-25.5M | ||
| Q2 24 | $-11.7M | $-34.1M |
毛利率LASRMP
| Q1 26 | 33.1% | — | ||
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.1% | — | ||
| Q2 25 | 29.9% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 22.4% | — | ||
| Q2 24 | 23.5% | — |
营业利润率LASRMP
| Q1 26 | 66.0% | — | ||
| Q4 25 | -6.7% | -7.0% | ||
| Q3 25 | -10.9% | -125.2% | ||
| Q2 25 | -6.9% | -76.5% | ||
| Q1 25 | -18.6% | -57.2% | ||
| Q4 24 | -55.8% | -72.1% | ||
| Q3 24 | -21.0% | -62.8% | ||
| Q2 24 | -25.1% | -171.1% |
净利率LASRMP
| Q1 26 | 0.8% | -8.8% | ||
| Q4 25 | -6.0% | 17.9% | ||
| Q3 25 | -10.3% | -78.0% | ||
| Q2 25 | -5.8% | -53.8% | ||
| Q1 25 | -15.7% | -37.2% | ||
| Q4 24 | -52.7% | -36.6% | ||
| Q3 24 | -18.4% | -40.5% | ||
| Q2 24 | -23.2% | -108.9% |
每股收益（稀释后）LASRMP
| Q1 26 | $0.01 | $-0.04 | ||
| Q4 25 | $-0.10 | $0.07 | ||
| Q3 25 | $-0.14 | $-0.24 | ||
| Q2 25 | $-0.07 | $-0.19 | ||
| Q1 25 | $-0.16 | $-0.14 | ||
| Q4 24 | $-0.52 | $-0.12 | ||
| Q3 24 | $-0.21 | $-0.16 | ||
| Q2 24 | $-0.25 | $-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 | $298.2M | $1.7B |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $429.2M | $2.0B |
| 总资产 | $515.7M | $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LASRMP
| Q1 26 | $298.2M | $1.7B | ||
| Q4 25 | $98.7M | $1.2B | ||
| Q3 25 | $81.1M | $1.1B | ||
| Q2 25 | $78.8M | $261.5M | ||
| Q1 25 | $82.2M | $198.3M | ||
| Q4 24 | $65.8M | $282.4M | ||
| Q3 24 | $41.5M | $284.4M | ||
| Q2 24 | $49.4M | $295.6M |
总债务LASRMP
| 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LASRMP
| Q1 26 | $429.2M | $2.0B | ||
| Q4 25 | $226.7M | $2.0B | ||
| Q3 25 | $218.5M | $2.0B | ||
| Q2 25 | $216.0M | $1.0B | ||
| Q1 25 | $212.8M | $1.0B | ||
| Q4 24 | $216.4M | $1.1B | ||
| Q3 24 | $235.3M | $1.1B | ||
| Q2 24 | $239.5M | $1.1B |
总资产LASRMP
| Q1 26 | $515.7M | $3.8B | ||
| Q4 25 | $315.2M | $3.9B | ||
| Q3 25 | $298.7M | $3.8B | ||
| Q2 25 | $295.3M | $2.3B | ||
| Q1 25 | $290.0M | $2.4B | ||
| Q4 24 | $270.2M | $2.3B | ||
| Q3 24 | $291.3M | $2.3B | ||
| Q2 24 | $294.3M | $2.4B |
负债/权益比LASRMP
| 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 | — | $-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LASRMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | $17.5M | $-46.9M | ||
| Q3 25 | $5.2M | $-42.0M | ||
| Q2 25 | $-1.4M | $-3.7M | ||
| Q1 25 | $-20.0K | $-63.2M | ||
| Q4 24 | $-3.9M | $30.5M | ||
| Q3 24 | $-5.6M | $-6.8M | ||
| Q2 24 | $-4.2M | $30.8M |
自由现金流LASRMP
| Q1 26 | — | — | ||
| Q4 25 | $15.9M | $-109.3M | ||
| Q3 25 | $2.4M | $-92.5M | ||
| Q2 25 | $-3.8M | $-32.7M | ||
| Q1 25 | $-2.3M | $-93.7M | ||
| Q4 24 | $-6.5M | $-11.2M | ||
| Q3 24 | $-7.2M | $-53.3M | ||
| Q2 24 | $-6.4M | $-15.6M |
自由现金流率LASRMP
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | -207.4% | ||
| Q3 25 | 3.7% | -172.8% | ||
| Q2 25 | -6.1% | -56.9% | ||
| Q1 25 | -4.5% | -154.0% | ||
| Q4 24 | -13.7% | -18.3% | ||
| Q3 24 | -12.9% | -84.7% | ||
| Q2 24 | -12.6% | -50.1% |
资本支出强度LASRMP
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 118.5% | ||
| Q3 25 | 4.2% | 94.3% | ||
| Q2 25 | 3.9% | 50.5% | ||
| Q1 25 | 4.4% | 50.1% | ||
| Q4 24 | 5.5% | 68.3% | ||
| Q3 24 | 2.9% | 73.8% | ||
| Q2 24 | 4.2% | 148.7% |
现金转化率LASRMP
| Q1 26 | — | — | ||
| Q4 25 | — | -4.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
LASR
| Products | $58.2M | 73% |
| Development | $22.0M | 27% |
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
