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MP Materials Corp.（MP）与Ranpak Holdings Corp.（PACK）财务数据对比。点击上方公司名可切换其他公司
Ranpak Holdings Corp.的季度营收约是MP Materials Corp.的1.0倍（$93.7M vs $90.6M），MP Materials Corp.同比增速更快（49.1% vs 2.3%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs 13.7%）
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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
MP vs PACK — 直观对比
营收规模更大
PACK
是对方的1.0倍
$90.6M
营收增速更快
MP
高出46.8%
2.3%
两年增速更快
MP
近两年复合增速
13.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $93.7M |
| 净利润 | $-8.0M | — |
| 毛利率 | — | 39.0% |
| 营业利润率 | — | -1.0% |
| 净利率 | -8.8% | — |
| 营收同比 | 49.1% | 2.3% |
| 净利润同比 | 64.8% | — |
| 每股收益（稀释后） | $-0.04 | $-0.11 |
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MPPACK
| Q1 26 | $90.6M | — | ||
| Q4 25 | $52.7M | $93.7M | ||
| Q3 25 | $53.6M | $83.6M | ||
| Q2 25 | $57.4M | $77.8M | ||
| Q1 25 | $60.8M | $77.6M | ||
| Q4 24 | $61.0M | $91.6M | ||
| Q3 24 | $62.9M | $78.6M | ||
| Q2 24 | $31.3M | $72.8M |
净利润MPPACK
| Q1 26 | $-8.0M | — | ||
| Q4 25 | $9.4M | — | ||
| Q3 25 | $-41.8M | $-10.4M | ||
| Q2 25 | $-30.9M | $-7.5M | ||
| Q1 25 | $-22.6M | $-10.9M | ||
| Q4 24 | $-22.3M | — | ||
| Q3 24 | $-25.5M | $-8.1M | ||
| Q2 24 | $-34.1M | $5.5M |
毛利率MPPACK
| Q1 26 | — | — | ||
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% |
营业利润率MPPACK
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | -1.0% | ||
| Q3 25 | -125.2% | -6.8% | ||
| Q2 25 | -76.5% | -12.5% | ||
| Q1 25 | -57.2% | -10.3% | ||
| Q4 24 | -72.1% | 1.5% | ||
| Q3 24 | -62.8% | -5.3% | ||
| Q2 24 | -171.1% | -7.1% |
净利率MPPACK
| Q1 26 | -8.8% | — | ||
| Q4 25 | 17.9% | — | ||
| Q3 25 | -78.0% | -12.4% | ||
| Q2 25 | -53.8% | -9.6% | ||
| Q1 25 | -37.2% | -14.0% | ||
| Q4 24 | -36.6% | — | ||
| Q3 24 | -40.5% | -10.3% | ||
| Q2 24 | -108.9% | 7.6% |
每股收益（稀释后）MPPACK
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $0.07 | $-0.11 | ||
| Q3 25 | $-0.24 | $-0.12 | ||
| Q2 25 | $-0.19 | $-0.09 | ||
| Q1 25 | $-0.14 | $-0.13 | ||
| Q4 24 | $-0.12 | $-0.13 | ||
| Q3 24 | $-0.16 | $-0.10 | ||
| Q2 24 | $-0.21 | $0.07 |
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 | $1.7B | $63.0M |
| 总债务越低越好 | $1.0B | $401.9M |
| 股东权益账面价值 | $2.0B | $534.9M |
| 总资产 | $3.8B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资MPPACK
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.2B | $63.0M | ||
| Q3 25 | $1.1B | $49.9M | ||
| Q2 25 | $261.5M | $49.2M | ||
| Q1 25 | $198.3M | $65.5M | ||
| Q4 24 | $282.4M | $76.1M | ||
| Q3 24 | $284.4M | $69.5M | ||
| Q2 24 | $295.6M | $65.1M |
总债务MPPACK
| Q1 26 | $1.0B | — | ||
| Q4 25 | $998.7M | $401.9M | ||
| Q3 25 | $997.3M | $403.1M | ||
| Q2 25 | $910.8M | $403.1M | ||
| Q1 25 | $909.8M | $405.2M | ||
| Q4 24 | $908.7M | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M |
股东权益MPPACK
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $534.9M | ||
| Q3 25 | $2.0B | $537.8M | ||
| Q2 25 | $1.0B | $539.0M | ||
| Q1 25 | $1.0B | $544.1M | ||
| Q4 24 | $1.1B | $548.1M | ||
| Q3 24 | $1.1B | $564.3M | ||
| Q2 24 | $1.1B | $566.2M |
总资产MPPACK
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $1.1B | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.3B | $1.1B | ||
| Q3 24 | $2.3B | $1.1B | ||
| Q2 24 | $2.4B | $1.1B |
负债/权益比MPPACK
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.50× | 0.75× | ||
| Q3 25 | 0.51× | 0.75× | ||
| Q2 25 | 0.90× | 0.75× | ||
| Q1 25 | 0.88× | 0.74× | ||
| Q4 24 | 0.86× | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× |
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 | $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 | — | — |
| 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MPPACK
| Q1 26 | $-1.9M | — | ||
| Q4 25 | $-46.9M | $19.5M | ||
| Q3 25 | $-42.0M | $8.5M | ||
| Q2 25 | $-3.7M | $-3.6M | ||
| Q1 25 | $-63.2M | $-1.3M | ||
| Q4 24 | $30.5M | $6.5M | ||
| Q3 24 | $-6.8M | $10.1M | ||
| Q2 24 | $30.8M | $19.6M |
自由现金流MPPACK
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率MPPACK
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度MPPACK
| Q1 26 | — | — | ||
| 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% | — |
现金转化率MPPACK
| Q1 26 | — | — | ||
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× |
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 | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
