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MP Materials Corp.（MP）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Planet Labs PBC的季度营收约是MP Materials Corp.的1.5倍（$81.3M vs $52.7M），MP Materials Corp.净利率更高（17.9% vs -72.8%，领先90.7%），Planet Labs PBC同比增速更快（32.6% vs -13.6%），Planet Labs PBC自由现金流更多（$1.9M vs $-109.3M），过去两年Planet Labs PBC的营收复合增速更高（17.5% 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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
MP vs PL — 直观对比
营收规模更大
PL
是对方的1.5倍
$52.7M
营收增速更快
PL
高出46.2%
-13.6%
净利率更高
MP
高出90.7%
-72.8%
自由现金流更多
PL
多$111.1M
$-109.3M
两年增速更快
PL
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $81.3M |
| 净利润 | $9.4M | $-59.2M |
| 毛利率 | — | 57.3% |
| 营业利润率 | -7.0% | -22.6% |
| 净利率 | 17.9% | -72.8% |
| 营收同比 | -13.6% | 32.6% |
| 净利润同比 | 142.2% | -194.7% |
| 每股收益（稀释后） | $0.07 | $-0.19 |
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MPPL
| Q4 25 | $52.7M | $81.3M | ||
| Q3 25 | $53.6M | $73.4M | ||
| Q2 25 | $57.4M | $66.3M | ||
| Q1 25 | $60.8M | $61.6M | ||
| Q4 24 | $61.0M | $61.3M | ||
| Q3 24 | $62.9M | $61.1M | ||
| Q2 24 | $31.3M | $60.4M | ||
| Q1 24 | $48.7M | $58.9M |
净利润MPPL
| Q4 25 | $9.4M | $-59.2M | ||
| Q3 25 | $-41.8M | $-22.6M | ||
| Q2 25 | $-30.9M | $-12.6M | ||
| Q1 25 | $-22.6M | $-35.2M | ||
| Q4 24 | $-22.3M | $-20.1M | ||
| Q3 24 | $-25.5M | $-38.7M | ||
| Q2 24 | $-34.1M | $-29.3M | ||
| Q1 24 | $16.5M | $-30.1M |
毛利率MPPL
| Q4 25 | — | 57.3% | ||
| Q3 25 | — | 57.6% | ||
| Q2 25 | — | 55.2% | ||
| Q1 25 | — | 62.1% | ||
| Q4 24 | — | 61.2% | ||
| Q3 24 | — | 52.9% | ||
| Q2 24 | — | 52.4% | ||
| Q1 24 | — | 55.2% |
营业利润率MPPL
| Q4 25 | -7.0% | -22.6% | ||
| Q3 25 | -125.2% | -24.5% | ||
| Q2 25 | -76.5% | -34.4% | ||
| Q1 25 | -57.2% | -31.5% | ||
| Q4 24 | -72.1% | -36.9% | ||
| Q3 24 | -62.8% | -64.8% | ||
| Q2 24 | -171.1% | -57.2% | ||
| Q1 24 | -66.6% | -57.6% |
净利率MPPL
| Q4 25 | 17.9% | -72.8% | ||
| Q3 25 | -78.0% | -30.8% | ||
| Q2 25 | -53.8% | -19.1% | ||
| Q1 25 | -37.2% | -57.1% | ||
| Q4 24 | -36.6% | -32.8% | ||
| Q3 24 | -40.5% | -63.3% | ||
| Q2 24 | -108.9% | -48.5% | ||
| Q1 24 | 33.9% | -51.1% |
每股收益（稀释后）MPPL
| Q4 25 | $0.07 | $-0.19 | ||
| Q3 25 | $-0.24 | $-0.07 | ||
| Q2 25 | $-0.19 | $-0.04 | ||
| Q1 25 | $-0.14 | $-0.12 | ||
| Q4 24 | $-0.12 | $-0.07 | ||
| Q3 24 | $-0.16 | $-0.13 | ||
| Q2 24 | $-0.21 | $-0.10 | ||
| Q1 24 | $-0.08 | $-0.10 |
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 | $443.3M |
| 总债务越低越好 | $998.7M | — |
| 股东权益账面价值 | $2.0B | $349.6M |
| 总资产 | $3.9B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资MPPL
| Q4 25 | $1.2B | $443.3M | ||
| Q3 25 | $1.1B | $181.1M | ||
| Q2 25 | $261.5M | $133.5M | ||
| Q1 25 | $198.3M | $118.0M | ||
| Q4 24 | $282.4M | $139.0M | ||
| Q3 24 | $284.4M | $148.3M | ||
| Q2 24 | $295.6M | $107.4M | ||
| Q1 24 | $296.5M | $83.9M |
总债务MPPL
| Q4 25 | $998.7M | — | ||
| Q3 25 | $997.3M | — | ||
| Q2 25 | $910.8M | — | ||
| Q1 25 | $909.8M | — | ||
| Q4 24 | $908.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MPPL
| Q4 25 | $2.0B | $349.6M | ||
| Q3 25 | $2.0B | $435.7M | ||
| Q2 25 | $1.0B | $444.8M | ||
| Q1 25 | $1.0B | $441.3M | ||
| Q4 24 | $1.1B | $464.6M | ||
| Q3 24 | $1.1B | $473.2M | ||
| Q2 24 | $1.1B | $500.3M | ||
| Q1 24 | $1.1B | $518.0M |
总资产MPPL
| Q4 25 | $3.9B | $1.1B | ||
| Q3 25 | $3.8B | $696.4M | ||
| Q2 25 | $2.3B | $658.4M | ||
| Q1 25 | $2.4B | $633.8M | ||
| Q4 24 | $2.3B | $630.8M | ||
| Q3 24 | $2.3B | $658.4M | ||
| Q2 24 | $2.4B | $674.6M | ||
| Q1 24 | $2.4B | $702.0M |
负债/权益比MPPL
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $-46.9M | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $1.9M |
| 自由现金流率自由现金流/营收 | -207.4% | 2.3% |
| 资本支出强度资本支出/营收 | 118.5% | 32.9% |
| 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 | $40.7M |
8季度趋势，按日历期对齐
经营现金流MPPL
| Q4 25 | $-46.9M | $28.6M | ||
| Q3 25 | $-42.0M | $67.8M | ||
| Q2 25 | $-3.7M | $17.3M | ||
| Q1 25 | $-63.2M | $-6.3M | ||
| Q4 24 | $30.5M | $4.1M | ||
| Q3 24 | $-6.8M | $-7.9M | ||
| Q2 24 | $30.8M | $-4.3M | ||
| Q1 24 | $-41.1M | $-6.8M |
自由现金流MPPL
| Q4 25 | $-109.3M | $1.9M | ||
| Q3 25 | $-92.5M | $47.5M | ||
| Q2 25 | $-32.7M | $9.2M | ||
| Q1 25 | $-93.7M | $-17.9M | ||
| Q4 24 | $-11.2M | $-3.6M | ||
| Q3 24 | $-53.3M | $-23.0M | ||
| Q2 24 | $-15.6M | $-14.2M | ||
| Q1 24 | $-93.0M | $-15.7M |
自由现金流率MPPL
| Q4 25 | -207.4% | 2.3% | ||
| Q3 25 | -172.8% | 64.7% | ||
| Q2 25 | -56.9% | 13.9% | ||
| Q1 25 | -154.0% | -29.1% | ||
| Q4 24 | -18.3% | -5.8% | ||
| Q3 24 | -84.7% | -37.6% | ||
| Q2 24 | -50.1% | -23.6% | ||
| Q1 24 | -191.0% | -26.7% |
资本支出强度MPPL
| Q4 25 | 118.5% | 32.9% | ||
| Q3 25 | 94.3% | 27.6% | ||
| Q2 25 | 50.5% | 12.3% | ||
| Q1 25 | 50.1% | 18.9% | ||
| Q4 24 | 68.3% | 12.5% | ||
| Q3 24 | 73.8% | 24.8% | ||
| Q2 24 | 148.7% | 16.4% | ||
| Q1 24 | 106.5% | 15.1% |
现金转化率MPPL
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -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
MP
| Materials Segment | $35.6M | 68% |
| Other | $17.1M | 32% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
