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MP Materials Corp.（MP）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
MP Materials Corp.的季度营收约是花花公子的1.5倍（$52.7M vs $34.9M），MP Materials Corp.净利率更高（17.9% vs 10.3%，领先7.6%），花花公子同比增速更快（4.2% vs -13.6%），花花公子自由现金流更多（$1.1M vs $-109.3M），过去两年花花公子的营收复合增速更高（11.0% 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。
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
MP vs PLBY — 直观对比
营收规模更大
MP
是对方的1.5倍
$34.9M
营收增速更快
PLBY
高出17.8%
-13.6%
净利率更高
MP
高出7.6%
10.3%
自由现金流更多
PLBY
多$110.4M
$-109.3M
两年增速更快
PLBY
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $34.9M |
| 净利润 | $9.4M | $3.6M |
| 毛利率 | — | 73.3% |
| 营业利润率 | -7.0% | 7.9% |
| 净利率 | 17.9% | 10.3% |
| 营收同比 | -13.6% | 4.2% |
| 净利润同比 | 142.2% | 128.6% |
| 每股收益（稀释后） | $0.07 | $0.05 |
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MPPLBY
| Q4 25 | $52.7M | $34.9M | ||
| Q3 25 | $53.6M | $29.0M | ||
| Q2 25 | $57.4M | $28.1M | ||
| Q1 25 | $60.8M | $28.9M | ||
| Q4 24 | $61.0M | $33.5M | ||
| Q3 24 | $62.9M | $29.4M | ||
| Q2 24 | $31.3M | $24.9M | ||
| Q1 24 | $48.7M | $28.3M |
净利润MPPLBY
| Q4 25 | $9.4M | $3.6M | ||
| Q3 25 | $-41.8M | $460.0K | ||
| Q2 25 | $-30.9M | $-7.7M | ||
| Q1 25 | $-22.6M | $-9.0M | ||
| Q4 24 | $-22.3M | $-12.5M | ||
| Q3 24 | $-25.5M | $-33.8M | ||
| Q2 24 | $-34.1M | $-16.7M | ||
| Q1 24 | $16.5M | $-16.4M |
毛利率MPPLBY
| Q4 25 | — | 73.3% | ||
| Q3 25 | — | 76.0% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 67.8% | ||
| Q1 24 | — | 55.8% |
营业利润率MPPLBY
| Q4 25 | -7.0% | 7.9% | ||
| Q3 25 | -125.2% | 4.7% | ||
| Q2 25 | -76.5% | -20.9% | ||
| Q1 25 | -57.2% | -21.7% | ||
| Q4 24 | -72.1% | -13.3% | ||
| Q3 24 | -62.8% | -96.0% | ||
| Q2 24 | -171.1% | -37.0% | ||
| Q1 24 | -66.6% | -31.5% |
净利率MPPLBY
| Q4 25 | 17.9% | 10.3% | ||
| Q3 25 | -78.0% | 1.6% | ||
| Q2 25 | -53.8% | -27.3% | ||
| Q1 25 | -37.2% | -31.3% | ||
| Q4 24 | -36.6% | -37.4% | ||
| Q3 24 | -40.5% | -114.7% | ||
| Q2 24 | -108.9% | -66.9% | ||
| Q1 24 | 33.9% | -58.1% |
每股收益（稀释后）MPPLBY
| Q4 25 | $0.07 | $0.05 | ||
| Q3 25 | $-0.24 | $0.00 | ||
| Q2 25 | $-0.19 | $-0.08 | ||
| Q1 25 | $-0.14 | $-0.10 | ||
| Q4 24 | $-0.12 | $-0.13 | ||
| Q3 24 | $-0.16 | $-0.45 | ||
| Q2 24 | $-0.21 | $-0.23 | ||
| Q1 24 | $-0.08 | $-0.23 |
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 | $37.8M |
| 总债务越低越好 | $998.7M | $174.2M |
| 股东权益账面价值 | $2.0B | $18.4M |
| 总资产 | $3.9B | $292.4M |
| 负债/权益比越低杠杆越低 | 0.50× | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资MPPLBY
| Q4 25 | $1.2B | $37.8M | ||
| Q3 25 | $1.1B | $27.5M | ||
| Q2 25 | $261.5M | $19.6M | ||
| Q1 25 | $198.3M | $23.7M | ||
| Q4 24 | $282.4M | $30.9M | ||
| Q3 24 | $284.4M | $9.5M | ||
| Q2 24 | $295.6M | $16.9M | ||
| Q1 24 | $296.5M | $19.0M |
总债务MPPLBY
| Q4 25 | $998.7M | $174.2M | ||
| Q3 25 | $997.3M | $176.8M | ||
| Q2 25 | $910.8M | $177.5M | ||
| Q1 25 | $909.8M | $176.3M | ||
| Q4 24 | $908.7M | $176.6M | ||
| Q3 24 | — | $200.0M | ||
| Q2 24 | — | $196.3M | ||
| Q1 24 | — | $193.4M |
股东权益MPPLBY
| Q4 25 | $2.0B | $18.4M | ||
| Q3 25 | $2.0B | $3.8M | ||
| Q2 25 | $1.0B | $-17.5M | ||
| Q1 25 | $1.0B | $-11.4M | ||
| Q4 24 | $1.1B | $-7.7M | ||
| Q3 24 | $1.1B | $-15.7M | ||
| Q2 24 | $1.1B | $15.7M | ||
| Q1 24 | $1.1B | $29.5M |
总资产MPPLBY
| Q4 25 | $3.9B | $292.4M | ||
| Q3 25 | $3.8B | $278.3M | ||
| Q2 25 | $2.3B | $264.1M | ||
| Q1 25 | $2.4B | $270.6M | ||
| Q4 24 | $2.3B | $284.7M | ||
| Q3 24 | $2.3B | $271.5M | ||
| Q2 24 | $2.4B | $301.8M | ||
| Q1 24 | $2.4B | $309.1M |
负债/权益比MPPLBY
| Q4 25 | 0.50× | 9.48× | ||
| Q3 25 | 0.51× | 46.86× | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.51× | ||
| Q1 24 | — | 6.54× |
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 | $1.4M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $1.1M |
| 自由现金流率自由现金流/营收 | -207.4% | 3.2% |
| 资本支出强度资本支出/营收 | 118.5% | 0.8% |
| 现金转化率经营现金流/净利润 | -4.97× | 0.39× |
| 过去12个月自由现金流最近4个季度 | $-328.1M | $-1.0M |
8季度趋势，按日历期对齐
经营现金流MPPLBY
| Q4 25 | $-46.9M | $1.4M | ||
| Q3 25 | $-42.0M | $10.1M | ||
| Q2 25 | $-3.7M | $-3.9M | ||
| Q1 25 | $-63.2M | $-7.6M | ||
| Q4 24 | $30.5M | $161.0K | ||
| Q3 24 | $-6.8M | $-6.5M | ||
| Q2 24 | $30.8M | $-3.0M | ||
| Q1 24 | $-41.1M | $-9.8M |
自由现金流MPPLBY
| Q4 25 | $-109.3M | $1.1M | ||
| Q3 25 | $-92.5M | $9.8M | ||
| Q2 25 | $-32.7M | $-4.3M | ||
| Q1 25 | $-93.7M | $-7.7M | ||
| Q4 24 | $-11.2M | $-401.0K | ||
| Q3 24 | $-53.3M | $-7.0M | ||
| Q2 24 | $-15.6M | $-3.7M | ||
| Q1 24 | $-93.0M | $-10.3M |
自由现金流率MPPLBY
| Q4 25 | -207.4% | 3.2% | ||
| Q3 25 | -172.8% | 33.8% | ||
| Q2 25 | -56.9% | -15.2% | ||
| Q1 25 | -154.0% | -26.5% | ||
| Q4 24 | -18.3% | -1.2% | ||
| Q3 24 | -84.7% | -23.7% | ||
| Q2 24 | -50.1% | -14.8% | ||
| Q1 24 | -191.0% | -36.5% |
资本支出强度MPPLBY
| Q4 25 | 118.5% | 0.8% | ||
| Q3 25 | 94.3% | 1.1% | ||
| Q2 25 | 50.5% | 1.4% | ||
| Q1 25 | 50.1% | 0.1% | ||
| Q4 24 | 68.3% | 1.7% | ||
| Q3 24 | 73.8% | 1.5% | ||
| Q2 24 | 148.7% | 2.6% | ||
| Q1 24 | 106.5% | 2.1% |
现金转化率MPPLBY
| Q4 25 | -4.97× | 0.39× | ||
| Q3 25 | — | 22.02× | ||
| 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% |
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
