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MP Materials Corp.（MP）与OCTAVE SPECIALTY GROUP INC（OSG）财务数据对比。点击上方公司名可切换其他公司
OCTAVE SPECIALTY GROUP INC的季度营收约是MP Materials Corp.的1.3倍（$66.9M vs $52.7M），MP Materials Corp.净利率更高（17.9% vs -73.8%，领先91.7%），OCTAVE SPECIALTY GROUP INC同比增速更快（2.6% vs -13.6%），过去两年OCTAVE SPECIALTY GROUP INC的营收复合增速更高（16.2% 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。
奥克塔夫专业集团是一家专业保险控股企业，主营定制化财产与意外伤害保险产品，核心业务聚焦超额剩余保险领域，为北美地区的商业及个人客户提供定制化风险保障解决方案。
MP vs OSG — 直观对比
营收规模更大
OSG
是对方的1.3倍
$52.7M
营收增速更快
OSG
高出16.2%
-13.6%
净利率更高
MP
高出91.7%
-73.8%
两年增速更快
OSG
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $66.9M |
| 净利润 | $9.4M | $-29.7M |
| 毛利率 | — | — |
| 营业利润率 | -7.0% | -76.7% |
| 净利率 | 17.9% | -73.8% |
| 营收同比 | -13.6% | 2.6% |
| 净利润同比 | 142.2% | -41.7% |
| 每股收益（稀释后） | $0.07 | $-0.82 |
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MPOSG
| Q4 25 | $52.7M | $66.9M | ||
| Q3 25 | $53.6M | $66.6M | ||
| Q2 25 | $57.4M | $55.0M | ||
| Q1 25 | $60.8M | $62.8M | ||
| Q4 24 | $61.0M | $65.2M | ||
| Q3 24 | $62.9M | $70.0M | ||
| Q2 24 | $31.3M | $51.0M | ||
| Q1 24 | $48.7M | $49.6M |
净利润MPOSG
| Q4 25 | $9.4M | $-29.7M | ||
| Q3 25 | $-41.8M | $-112.6M | ||
| Q2 25 | $-30.9M | $-72.7M | ||
| Q1 25 | $-22.6M | $-44.7M | ||
| Q4 24 | $-22.3M | $-20.9M | ||
| Q3 24 | $-25.5M | $-27.5M | ||
| Q2 24 | $-34.1M | $-750.0K | ||
| Q1 24 | $16.5M | $20.8M |
营业利润率MPOSG
| Q4 25 | -7.0% | -76.7% | ||
| Q3 25 | -125.2% | -48.2% | ||
| Q2 25 | -76.5% | -41.8% | ||
| Q1 25 | -57.2% | -24.1% | ||
| Q4 24 | -72.1% | -55.5% | ||
| Q3 24 | -62.8% | -29.7% | ||
| Q2 24 | -171.1% | -28.9% | ||
| Q1 24 | -66.6% | -6.5% |
净利率MPOSG
| Q4 25 | 17.9% | -73.8% | ||
| Q3 25 | -78.0% | -169.1% | ||
| Q2 25 | -53.8% | -132.3% | ||
| Q1 25 | -37.2% | -71.3% | ||
| Q4 24 | -36.6% | -55.1% | ||
| Q3 24 | -40.5% | -39.3% | ||
| Q2 24 | -108.9% | -1.5% | ||
| Q1 24 | 33.9% | 41.9% |
每股收益（稀释后）MPOSG
| Q4 25 | $0.07 | $-0.82 | ||
| Q3 25 | $-0.24 | $-2.35 | ||
| Q2 25 | $-0.19 | $-1.54 | ||
| Q1 25 | $-0.14 | $-1.22 | ||
| Q4 24 | $-0.12 | $-11.75 | ||
| Q3 24 | $-0.16 | $-0.63 | ||
| Q2 24 | $-0.21 | $-0.02 | ||
| Q1 24 | $-0.08 | $0.44 |
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 | $1.2B | $146.4M |
| 总债务越低越好 | $998.7M | $117.6M |
| 股东权益账面价值 | $2.0B | $715.8M |
| 总资产 | $3.9B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.50× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资MPOSG
| Q4 25 | $1.2B | $146.4M | ||
| Q3 25 | $1.1B | $27.5M | ||
| Q2 25 | $261.5M | $22.5M | ||
| Q1 25 | $198.3M | $34.1M | ||
| Q4 24 | $282.4M | $157.2M | ||
| Q3 24 | $284.4M | $40.8M | ||
| Q2 24 | $295.6M | $14.6M | ||
| Q1 24 | $296.5M | $13.8M |
总债务MPOSG
| Q4 25 | $998.7M | $117.6M | ||
| Q3 25 | $997.3M | — | ||
| Q2 25 | $910.8M | — | ||
| Q1 25 | $909.8M | — | ||
| Q4 24 | $908.7M | $0 | ||
| Q3 24 | — | $518.0M | ||
| Q2 24 | — | $515.0M | ||
| Q1 24 | — | $512.0M |
股东权益MPOSG
| Q4 25 | $2.0B | $715.8M | ||
| Q3 25 | $2.0B | $843.4M | ||
| Q2 25 | $1.0B | $859.8M | ||
| Q1 25 | $1.0B | $852.2M | ||
| Q4 24 | $1.1B | $798.4M | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.1B | $1.4B |
总资产MPOSG
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $2.3B | $8.5B | ||
| Q1 25 | $2.4B | $8.3B | ||
| Q4 24 | $2.3B | $8.1B | ||
| Q3 24 | $2.3B | $9.3B | ||
| Q2 24 | $2.4B | $8.2B | ||
| Q1 24 | $2.4B | $8.4B |
负债/权益比MPOSG
| Q4 25 | 0.50× | 0.16× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | 0.00× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
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 | $-46.9M | $-52.3M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | — |
| 自由现金流率自由现金流/营收 | -207.4% | — |
| 资本支出强度资本支出/营收 | 118.5% | — |
| 现金转化率经营现金流/净利润 | -4.97× | — |
| 过去12个月自由现金流最近4个季度 | $-328.1M | — |
8季度趋势，按日历期对齐
经营现金流MPOSG
| Q4 25 | $-46.9M | $-52.3M | ||
| Q3 25 | $-42.0M | $-41.2M | ||
| Q2 25 | $-3.7M | $2.1M | ||
| Q1 25 | $-63.2M | $-12.6M | ||
| Q4 24 | $30.5M | $762.0K | ||
| Q3 24 | $-6.8M | $48.9M | ||
| Q2 24 | $30.8M | $20.4M | ||
| Q1 24 | $-41.1M | $7.1M |
自由现金流MPOSG
| 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 | — | ||
| Q1 24 | $-93.0M | — |
自由现金流率MPOSG
| 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% | — | ||
| Q1 24 | -191.0% | — |
资本支出强度MPOSG
| 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% | — | ||
| Q1 24 | 106.5% | — |
现金转化率MPOSG
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -2.49× | 0.34× |
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
MP
| Materials Segment | $35.6M | 68% |
| Other | $17.1M | 32% |
OSG
| Other | $28.7M | 43% |
| Specialty Property Casualty Program | $23.1M | 34% |
| Accident Health | $9.6M | 14% |
| Specialty Automobile | $3.1M | 5% |
| Niche Specialty Risks | $2.4M | 4% |
