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Mayville Engineering Company, Inc.（MEC）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
Mayville Engineering Company, Inc.的季度营收约是MP Materials Corp.的1.5倍（$134.3M vs $90.6M），Mayville Engineering Company, Inc.净利率更高（-3.2% vs -8.8%，领先5.5%），MP Materials Corp.同比增速更快（49.1% vs 10.7%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs -8.8%）
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
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。
MEC vs MP — 直观对比
营收规模更大
MEC
是对方的1.5倍
$90.6M
营收增速更快
MP
高出38.4%
10.7%
净利率更高
MEC
高出5.5%
-8.8%
两年增速更快
MP
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $90.6M |
| 净利润 | $-4.4M | $-8.0M |
| 毛利率 | 6.8% | — |
| 营业利润率 | -4.1% | — |
| 净利率 | -3.2% | -8.8% |
| 营收同比 | 10.7% | 49.1% |
| 净利润同比 | -127.3% | 64.8% |
| 每股收益（稀释后） | $-0.22 | $-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MECMP
| Q1 26 | — | $90.6M | ||
| Q4 25 | $134.3M | $52.7M | ||
| Q3 25 | $144.3M | $53.6M | ||
| Q2 25 | $132.3M | $57.4M | ||
| Q1 25 | $135.6M | $60.8M | ||
| Q4 24 | $121.3M | $61.0M | ||
| Q3 24 | $135.4M | $62.9M | ||
| Q2 24 | $163.6M | $31.3M |
净利润MECMP
| Q1 26 | — | $-8.0M | ||
| Q4 25 | $-4.4M | $9.4M | ||
| Q3 25 | $-2.7M | $-41.8M | ||
| Q2 25 | $-1.1M | $-30.9M | ||
| Q1 25 | $20.0K | $-22.6M | ||
| Q4 24 | $16.0M | $-22.3M | ||
| Q3 24 | $3.0M | $-25.5M | ||
| Q2 24 | $3.8M | $-34.1M |
毛利率MECMP
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 13.6% | — |
营业利润率MECMP
| Q1 26 | — | — | ||
| Q4 25 | -4.1% | -7.0% | ||
| Q3 25 | 0.0% | -125.2% | ||
| Q2 25 | 0.1% | -76.5% | ||
| Q1 25 | 1.2% | -57.2% | ||
| Q4 24 | 19.0% | -72.1% | ||
| Q3 24 | 4.2% | -62.8% | ||
| Q2 24 | 5.0% | -171.1% |
净利率MECMP
| Q1 26 | — | -8.8% | ||
| Q4 25 | -3.2% | 17.9% | ||
| Q3 25 | -1.9% | -78.0% | ||
| Q2 25 | -0.8% | -53.8% | ||
| Q1 25 | 0.0% | -37.2% | ||
| Q4 24 | 13.2% | -36.6% | ||
| Q3 24 | 2.2% | -40.5% | ||
| Q2 24 | 2.3% | -108.9% |
每股收益（稀释后）MECMP
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $-0.22 | $0.07 | ||
| Q3 25 | $-0.13 | $-0.24 | ||
| Q2 25 | $-0.05 | $-0.19 | ||
| Q1 25 | $0.00 | $-0.14 | ||
| Q4 24 | $0.76 | $-0.12 | ||
| Q3 24 | $0.14 | $-0.16 | ||
| Q2 24 | $0.18 | $-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 | $1.5M | $1.7B |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $240.7M | $2.0B |
| 总资产 | $563.6M | $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MECMP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.5M | $1.2B | ||
| Q3 25 | $1.2M | $1.1B | ||
| Q2 25 | $206.0K | $261.5M | ||
| Q1 25 | $183.0K | $198.3M | ||
| Q4 24 | $206.0K | $282.4M | ||
| Q3 24 | $178.0K | $284.4M | ||
| Q2 24 | $314.0K | $295.6M |
总债务MECMP
| 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MECMP
| Q1 26 | — | $2.0B | ||
| Q4 25 | $240.7M | $2.0B | ||
| Q3 25 | $244.8M | $2.0B | ||
| Q2 25 | $246.8M | $1.0B | ||
| Q1 25 | $250.0M | $1.0B | ||
| Q4 24 | $251.8M | $1.1B | ||
| Q3 24 | $238.4M | $1.1B | ||
| Q2 24 | $238.1M | $1.1B |
总资产MECMP
| Q1 26 | — | $3.8B | ||
| Q4 25 | $563.6M | $3.9B | ||
| Q3 25 | $585.6M | $3.8B | ||
| Q2 25 | $433.7M | $2.3B | ||
| Q1 25 | $447.7M | $2.4B | ||
| Q4 24 | $445.6M | $2.3B | ||
| Q3 24 | $466.0M | $2.3B | ||
| Q2 24 | $488.2M | $2.4B |
负债/权益比MECMP
| 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 | $13.4M | $-1.9M |
| 自由现金流经营现金流 - 资本支出 | $10.2M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 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 | $26.9M | — |
8季度趋势，按日历期对齐
经营现金流MECMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | $13.4M | $-46.9M | ||
| Q3 25 | $1.9M | $-42.0M | ||
| Q2 25 | $15.0M | $-3.7M | ||
| Q1 25 | $8.3M | $-63.2M | ||
| Q4 24 | $38.0M | $30.5M | ||
| Q3 24 | $17.9M | $-6.8M | ||
| Q2 24 | $23.3M | $30.8M |
自由现金流MECMP
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $-109.3M | ||
| Q3 25 | $-1.1M | $-92.5M | ||
| Q2 25 | $12.5M | $-32.7M | ||
| Q1 25 | $5.4M | $-93.7M | ||
| Q4 24 | $35.6M | $-11.2M | ||
| Q3 24 | $15.1M | $-53.3M | ||
| Q2 24 | $19.2M | $-15.6M |
自由现金流率MECMP
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | -207.4% | ||
| Q3 25 | -0.8% | -172.8% | ||
| Q2 25 | 9.5% | -56.9% | ||
| Q1 25 | 4.0% | -154.0% | ||
| Q4 24 | 29.4% | -18.3% | ||
| Q3 24 | 11.1% | -84.7% | ||
| Q2 24 | 11.7% | -50.1% |
资本支出强度MECMP
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 118.5% | ||
| Q3 25 | 2.1% | 94.3% | ||
| Q2 25 | 1.8% | 50.5% | ||
| Q1 25 | 2.2% | 50.1% | ||
| Q4 24 | 1.9% | 68.3% | ||
| Q3 24 | 2.1% | 73.8% | ||
| Q2 24 | 2.5% | 148.7% |
现金转化率MECMP
| Q1 26 | — | — | ||
| Q4 25 | — | -4.97× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | — | ||
| Q2 24 | 6.15× | — |
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
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
