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LandBridge Co LLC（LB）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
LandBridge Co LLC的季度营收约是MP Materials Corp.的1.1倍（$56.8M vs $52.7M），MP Materials Corp.净利率更高（17.9% vs 14.2%，领先3.7%），LandBridge Co LLC同比增速更快（55.6% vs -13.6%），LandBridge Co LLC自由现金流更多（$122.0M vs $-109.3M），过去两年LandBridge Co LLC的营收复合增速更高（72.8% vs 4.0%）
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。
LB vs MP — 直观对比
营收规模更大
LB
是对方的1.1倍
$52.7M
营收增速更快
LB
高出69.2%
-13.6%
净利率更高
MP
高出3.7%
14.2%
自由现金流更多
LB
多$231.3M
$-109.3M
两年增速更快
LB
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $56.8M | $52.7M |
| 净利润 | $8.1M | $9.4M |
| 毛利率 | — | — |
| 营业利润率 | 60.0% | -7.0% |
| 净利率 | 14.2% | 17.9% |
| 营收同比 | 55.6% | -13.6% |
| 净利润同比 | -83.7% | 142.2% |
| 每股收益（稀释后） | $0.24 | $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LBMP
| Q4 25 | $56.8M | $52.7M | ||
| Q3 25 | $50.8M | $53.6M | ||
| Q2 25 | $47.5M | $57.4M | ||
| Q1 25 | $44.0M | $60.8M | ||
| Q4 24 | $36.5M | $61.0M | ||
| Q3 24 | $28.5M | $62.9M | ||
| Q2 24 | $26.0M | $31.3M | ||
| Q1 24 | $19.0M | $48.7M |
净利润LBMP
| Q4 25 | $8.1M | $9.4M | ||
| Q3 25 | $8.1M | $-41.8M | ||
| Q2 25 | $7.5M | $-30.9M | ||
| Q1 25 | $6.5M | $-22.6M | ||
| Q4 24 | $49.3M | $-22.3M | ||
| Q3 24 | $2.7M | $-25.5M | ||
| Q2 24 | $-57.7M | $-34.1M | ||
| Q1 24 | $10.8M | $16.5M |
营业利润率LBMP
| Q4 25 | 60.0% | -7.0% | ||
| Q3 25 | 60.8% | -125.2% | ||
| Q2 25 | 60.0% | -76.5% | ||
| Q1 25 | 57.0% | -57.2% | ||
| Q4 24 | 49.4% | -72.1% | ||
| Q3 24 | 11.2% | -62.8% | ||
| Q2 24 | -197.4% | -171.1% | ||
| Q1 24 | 71.1% | -66.6% |
净利率LBMP
| Q4 25 | 14.2% | 17.9% | ||
| Q3 25 | 15.9% | -78.0% | ||
| Q2 25 | 15.8% | -53.8% | ||
| Q1 25 | 14.7% | -37.2% | ||
| Q4 24 | 135.2% | -36.6% | ||
| Q3 24 | 9.3% | -40.5% | ||
| Q2 24 | -222.1% | -108.9% | ||
| Q1 24 | 56.7% | 33.9% |
每股收益（稀释后）LBMP
| Q4 25 | $0.24 | $0.07 | ||
| Q3 25 | $0.26 | $-0.24 | ||
| Q2 25 | $0.24 | $-0.19 | ||
| Q1 25 | $0.20 | $-0.14 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $-0.04 | $-0.16 | ||
| Q2 24 | — | $-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 | $30.7M | $1.2B |
| 总债务越低越好 | $570.7M | $998.7M |
| 股东权益账面价值 | $340.3M | $2.0B |
| 总资产 | $1.4B | $3.9B |
| 负债/权益比越低杠杆越低 | 1.68× | 0.50× |
8季度趋势，按日历期对齐
现金及短期投资LBMP
| Q4 25 | $30.7M | $1.2B | ||
| Q3 25 | $28.3M | $1.1B | ||
| Q2 25 | $20.3M | $261.5M | ||
| Q1 25 | $14.9M | $198.3M | ||
| Q4 24 | $37.0M | $282.4M | ||
| Q3 24 | $14.4M | $284.4M | ||
| Q2 24 | $24.6M | $295.6M | ||
| Q1 24 | — | $296.5M |
总债务LBMP
| Q4 25 | $570.7M | $998.7M | ||
| Q3 25 | $366.1M | $997.3M | ||
| Q2 25 | $370.9M | $910.8M | ||
| Q1 25 | $375.5M | $909.8M | ||
| Q4 24 | $385.5M | $908.7M | ||
| Q3 24 | $242.4M | — | ||
| Q2 24 | $360.8M | — | ||
| Q1 24 | — | — |
股东权益LBMP
| Q4 25 | $340.3M | $2.0B | ||
| Q3 25 | $272.0M | $2.0B | ||
| Q2 25 | $266.4M | $1.0B | ||
| Q1 25 | $217.0M | $1.0B | ||
| Q4 24 | $211.8M | $1.1B | ||
| Q3 24 | $97.2M | $1.1B | ||
| Q2 24 | $296.4M | $1.1B | ||
| Q1 24 | $162.3M | $1.1B |
总资产LBMP
| Q4 25 | $1.4B | $3.9B | ||
| Q3 25 | $1.1B | $3.8B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.0B | $2.4B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $689.9M | $2.3B | ||
| Q2 24 | $710.5M | $2.4B | ||
| Q1 24 | — | $2.4B |
负债/权益比LBMP
| Q4 25 | 1.68× | 0.50× | ||
| Q3 25 | 1.35× | 0.51× | ||
| Q2 25 | 1.39× | 0.90× | ||
| Q1 25 | 1.73× | 0.88× | ||
| Q4 24 | 1.82× | 0.86× | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.22× | — | ||
| 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 | $126.3M | $-46.9M |
| 自由现金流经营现金流 - 资本支出 | $122.0M | $-109.3M |
| 自由现金流率自由现金流/营收 | 214.9% | -207.4% |
| 资本支出强度资本支出/营收 | 7.5% | 118.5% |
| 现金转化率经营现金流/净利润 | 15.68× | -4.97× |
| 过去12个月自由现金流最近4个季度 | $207.7M | $-328.1M |
8季度趋势，按日历期对齐
经营现金流LBMP
| Q4 25 | $126.3M | $-46.9M | ||
| Q3 25 | $34.9M | $-42.0M | ||
| Q2 25 | $37.3M | $-3.7M | ||
| Q1 25 | $15.9M | $-63.2M | ||
| Q4 24 | $67.6M | $30.5M | ||
| Q3 24 | $7.5M | $-6.8M | ||
| Q2 24 | $16.0M | $30.8M | ||
| Q1 24 | $17.2M | $-41.1M |
自由现金流LBMP
| Q4 25 | $122.0M | $-109.3M | ||
| Q3 25 | $33.7M | $-92.5M | ||
| Q2 25 | $36.1M | $-32.7M | ||
| Q1 25 | $15.8M | $-93.7M | ||
| Q4 24 | $66.7M | $-11.2M | ||
| Q3 24 | $7.1M | $-53.3M | ||
| Q2 24 | $15.7M | $-15.6M | ||
| Q1 24 | $17.1M | $-93.0M |
自由现金流率LBMP
| Q4 25 | 214.9% | -207.4% | ||
| Q3 25 | 66.3% | -172.8% | ||
| Q2 25 | 75.9% | -56.9% | ||
| Q1 25 | 36.0% | -154.0% | ||
| Q4 24 | 182.6% | -18.3% | ||
| Q3 24 | 25.1% | -84.7% | ||
| Q2 24 | 60.4% | -50.1% | ||
| Q1 24 | 90.1% | -191.0% |
资本支出强度LBMP
| Q4 25 | 7.5% | 118.5% | ||
| Q3 25 | 2.3% | 94.3% | ||
| Q2 25 | 2.6% | 50.5% | ||
| Q1 25 | 0.2% | 50.1% | ||
| Q4 24 | 2.7% | 68.3% | ||
| Q3 24 | 1.1% | 73.8% | ||
| Q2 24 | 1.4% | 148.7% | ||
| Q1 24 | 0.5% | 106.5% |
现金转化率LBMP
| Q4 25 | 15.68× | -4.97× | ||
| Q3 25 | 4.31× | — | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.60× | -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
LB
暂无分部数据
MP
| Materials Segment | $35.6M | 68% |
| Other | $17.1M | 32% |
