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MP Materials Corp.（MP）与PennyMac Mortgage Investment Trust（PMT）财务数据对比。点击上方公司名可切换其他公司
PennyMac Mortgage Investment Trust的季度营收约是MP Materials Corp.的1.8倍（$93.6M vs $52.7M），PennyMac Mortgage Investment Trust净利率更高（56.0% vs 17.9%，领先38.1%），PennyMac Mortgage Investment Trust同比增速更快（-13.3% vs -13.6%），过去两年PennyMac Mortgage Investment Trust的营收复合增速更高（12.3% 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。
PennyMac Mortgage Investment Trust是总部位于美国的房地产投资信托，专注于住宅抵押贷款相关资产，主要投资履约及违约抵押贷款、住宅抵押贷款支持证券和信用风险转移工具，业务覆盖美国住房市场的投资管理与抵押贷款服务板块。
MP vs PMT — 直观对比
营收规模更大
PMT
是对方的1.8倍
$52.7M
营收增速更快
PMT
高出0.3%
-13.6%
净利率更高
PMT
高出38.1%
17.9%
两年增速更快
PMT
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $93.6M |
| 净利润 | $9.4M | $52.4M |
| 毛利率 | — | — |
| 营业利润率 | -7.0% | 38.6% |
| 净利率 | 17.9% | 56.0% |
| 营收同比 | -13.6% | -13.3% |
| 净利润同比 | 142.2% | 12.5% |
| 每股收益（稀释后） | $0.07 | $0.49 |
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MPPMT
| Q4 25 | $52.7M | $93.6M | ||
| Q3 25 | $53.6M | $99.2M | ||
| Q2 25 | $57.4M | $70.2M | ||
| Q1 25 | $60.8M | $44.5M | ||
| Q4 24 | $61.0M | $107.9M | ||
| Q3 24 | $62.9M | $80.9M | ||
| Q2 24 | $31.3M | $71.2M | ||
| Q1 24 | $48.7M | $74.2M |
净利润MPPMT
| Q4 25 | $9.4M | $52.4M | ||
| Q3 25 | $-41.8M | $58.3M | ||
| Q2 25 | $-30.9M | $7.5M | ||
| Q1 25 | $-22.6M | $9.7M | ||
| Q4 24 | $-22.3M | $46.5M | ||
| Q3 24 | $-25.5M | $41.4M | ||
| Q2 24 | $-34.1M | $25.4M | ||
| Q1 24 | $16.5M | $47.6M |
营业利润率MPPMT
| Q4 25 | -7.0% | 38.6% | ||
| Q3 25 | -125.2% | 47.4% | ||
| Q2 25 | -76.5% | 24.2% | ||
| Q1 25 | -57.2% | -14.2% | ||
| Q4 24 | -72.1% | 51.1% | ||
| Q3 24 | -62.8% | 32.8% | ||
| Q2 24 | -171.1% | 40.2% | ||
| Q1 24 | -66.6% | 43.6% |
净利率MPPMT
| Q4 25 | 17.9% | 56.0% | ||
| Q3 25 | -78.0% | 58.7% | ||
| Q2 25 | -53.8% | 10.7% | ||
| Q1 25 | -37.2% | 21.8% | ||
| Q4 24 | -36.6% | 43.1% | ||
| Q3 24 | -40.5% | 51.2% | ||
| Q2 24 | -108.9% | 35.7% | ||
| Q1 24 | 33.9% | 64.2% |
每股收益（稀释后）MPPMT
| Q4 25 | $0.07 | $0.49 | ||
| Q3 25 | $-0.24 | $0.55 | ||
| Q2 25 | $-0.19 | $-0.04 | ||
| Q1 25 | $-0.14 | $-0.01 | ||
| Q4 24 | $-0.12 | $0.45 | ||
| Q3 24 | $-0.16 | $0.36 | ||
| Q2 24 | $-0.21 | $0.17 | ||
| Q1 24 | $-0.08 | $0.39 |
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 | $190.5M |
| 总债务越低越好 | $998.7M | $1.1B |
| 股东权益账面价值 | $2.0B | $1.9B |
| 总资产 | $3.9B | $21.3B |
| 负债/权益比越低杠杆越低 | 0.50× | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资MPPMT
| Q4 25 | $1.2B | $190.5M | ||
| Q3 25 | $1.1B | $181.0M | ||
| Q2 25 | $261.5M | $108.6M | ||
| Q1 25 | $198.3M | $204.2M | ||
| Q4 24 | $282.4M | $103.2M | ||
| Q3 24 | $284.4M | $102.8M | ||
| Q2 24 | $295.6M | $336.3M | ||
| Q1 24 | $296.5M | $343.3M |
总债务MPPMT
| Q4 25 | $998.7M | $1.1B | ||
| Q3 25 | $997.3M | $299.0M | ||
| Q2 25 | $910.8M | $1.2B | ||
| Q1 25 | $909.8M | $968.4M | ||
| Q4 24 | $908.7M | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
股东权益MPPMT
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $2.0B | $1.9B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $1.0B | $1.9B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $1.9B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.1B | $2.0B |
总资产MPPMT
| Q4 25 | $3.9B | $21.3B | ||
| Q3 25 | $3.8B | $18.5B | ||
| Q2 25 | $2.3B | $16.8B | ||
| Q1 25 | $2.4B | $14.9B | ||
| Q4 24 | $2.3B | $14.4B | ||
| Q3 24 | $2.3B | $13.1B | ||
| Q2 24 | $2.4B | $12.1B | ||
| Q1 24 | $2.4B | $12.3B |
负债/权益比MPPMT
| Q4 25 | 0.50× | 0.58× | ||
| Q3 25 | 0.51× | 0.16× | ||
| Q2 25 | 0.90× | 0.65× | ||
| Q1 25 | 0.88× | 0.51× | ||
| Q4 24 | 0.86× | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| 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× | -137.76× |
| 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MPPMT
| Q4 25 | $-46.9M | $-7.2B | ||
| Q3 25 | $-42.0M | $-1.3B | ||
| Q2 25 | $-3.7M | $-2.0B | ||
| Q1 25 | $-63.2M | $-594.3M | ||
| Q4 24 | $30.5M | $-2.7B | ||
| Q3 24 | $-6.8M | $-983.8M | ||
| Q2 24 | $30.8M | $243.8M | ||
| Q1 24 | $-41.1M | $-342.4M |
自由现金流MPPMT
| 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MPPMT
| 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MPPMT
| 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MPPMT
| Q4 25 | -4.97× | -137.76× | ||
| Q3 25 | — | -22.26× | ||
| Q2 25 | — | -267.53× | ||
| Q1 25 | — | -61.39× | ||
| Q4 24 | — | -58.08× | ||
| Q3 24 | — | -23.76× | ||
| Q2 24 | — | 9.59× | ||
| Q1 24 | -2.49× | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
