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MP Materials Corp.（MP）与Riot Platforms, Inc.（RIOT）财务数据对比。点击上方公司名可切换其他公司
Riot Platforms, Inc.的季度营收约是MP Materials Corp.的1.7倍（$152.8M vs $90.6M），MP Materials Corp.净利率更高（-8.8% vs -452.0%，领先443.2%），MP Materials Corp.同比增速更快（49.1% vs 7.2%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs 38.8%）
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。
Riot Platforms是美国领先的比特币挖矿企业，在北美地区运营多座大规模高能效的加密货币矿场，同时布局区块链相关基础设施业务，长期持有比特币作为核心储备资产，专注于数字资产生态相关业务的长期发展。
MP vs RIOT — 直观对比
营收规模更大
RIOT
是对方的1.7倍
$90.6M
营收增速更快
MP
高出41.9%
7.2%
净利率更高
MP
高出443.2%
-452.0%
两年增速更快
MP
近两年复合增速
38.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $152.8M |
| 净利润 | $-8.0M | $-690.7M |
| 毛利率 | — | — |
| 营业利润率 | — | -447.9% |
| 净利率 | -8.8% | -452.0% |
| 营收同比 | 49.1% | 7.2% |
| 净利润同比 | 64.8% | -606.3% |
| 每股收益（稀释后） | $-0.04 | $-1.89 |
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MPRIOT
| Q1 26 | $90.6M | — | ||
| Q4 25 | $52.7M | $152.8M | ||
| Q3 25 | $53.6M | $180.2M | ||
| Q2 25 | $57.4M | $153.0M | ||
| Q1 25 | $60.8M | $161.4M | ||
| Q4 24 | $61.0M | $142.6M | ||
| Q3 24 | $62.9M | $84.8M | ||
| Q2 24 | $31.3M | $70.0M |
净利润MPRIOT
| Q1 26 | $-8.0M | — | ||
| Q4 25 | $9.4M | $-690.7M | ||
| Q3 25 | $-41.8M | $104.5M | ||
| Q2 25 | $-30.9M | $219.5M | ||
| Q1 25 | $-22.6M | $-296.4M | ||
| Q4 24 | $-22.3M | $136.4M | ||
| Q3 24 | $-25.5M | $-154.4M | ||
| Q2 24 | $-34.1M | $-84.4M |
营业利润率MPRIOT
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | -447.9% | ||
| Q3 25 | -125.2% | 44.4% | ||
| Q2 25 | -76.5% | — | ||
| Q1 25 | -57.2% | -144.9% | ||
| Q4 24 | -72.1% | — | ||
| Q3 24 | -62.8% | -143.3% | ||
| Q2 24 | -171.1% | -167.2% |
净利率MPRIOT
| Q1 26 | -8.8% | — | ||
| Q4 25 | 17.9% | -452.0% | ||
| Q3 25 | -78.0% | 58.0% | ||
| Q2 25 | -53.8% | 143.4% | ||
| Q1 25 | -37.2% | -183.6% | ||
| Q4 24 | -36.6% | 95.7% | ||
| Q3 24 | -40.5% | -182.1% | ||
| Q2 24 | -108.9% | -120.6% |
每股收益（稀释后）MPRIOT
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $0.07 | $-1.89 | ||
| Q3 25 | $-0.24 | $0.26 | ||
| Q2 25 | $-0.19 | $0.58 | ||
| Q1 25 | $-0.14 | $-0.90 | ||
| Q4 24 | $-0.12 | $0.39 | ||
| Q3 24 | $-0.16 | $-0.54 | ||
| Q2 24 | $-0.21 | $-0.32 |
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 | $233.5M |
| 总债务越低越好 | $1.0B | $840.8M |
| 股东权益账面价值 | $2.0B | $2.9B |
| 总资产 | $3.8B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资MPRIOT
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.2B | $233.5M | ||
| Q3 25 | $1.1B | $330.7M | ||
| Q2 25 | $261.5M | $255.4M | ||
| Q1 25 | $198.3M | $163.7M | ||
| Q4 24 | $282.4M | $277.9M | ||
| Q3 24 | $284.4M | $355.7M | ||
| Q2 24 | $295.6M | $481.2M |
总债务MPRIOT
| Q1 26 | $1.0B | — | ||
| Q4 25 | $998.7M | $840.8M | ||
| Q3 25 | $997.3M | $5.3M | ||
| Q2 25 | $910.8M | $5.3M | ||
| Q1 25 | $909.8M | $5.3M | ||
| Q4 24 | $908.7M | $584.6M | ||
| Q3 24 | — | $5.7M | ||
| Q2 24 | — | — |
股东权益MPRIOT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $2.0B | $3.5B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $1.0B | $2.9B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.1B | $2.7B | ||
| Q2 24 | $1.1B | $2.6B |
总资产MPRIOT
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $3.9B | ||
| Q3 25 | $3.8B | $4.5B | ||
| Q2 25 | $2.3B | $4.3B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.3B | $3.9B | ||
| Q3 24 | $2.3B | $2.9B | ||
| Q2 24 | $2.4B | $2.7B |
负债/权益比MPRIOT
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.50× | 0.29× | ||
| Q3 25 | 0.51× | 0.00× | ||
| Q2 25 | 0.90× | 0.00× | ||
| Q1 25 | 0.88× | 0.00× | ||
| Q4 24 | 0.86× | 0.19× | ||
| Q3 24 | — | 0.00× | ||
| Q2 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 | $-1.9M | $-572.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-774.3M |
| 自由现金流率自由现金流/营收 | — | -506.6% |
| 资本支出强度资本支出/营收 | — | 131.8% |
| 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 | — | $-1.4B |
8季度趋势，按日历期对齐
经营现金流MPRIOT
| Q1 26 | $-1.9M | — | ||
| Q4 25 | $-46.9M | $-572.9M | ||
| Q3 25 | $-42.0M | $-114.0M | ||
| Q2 25 | $-3.7M | $-231.3M | ||
| Q1 25 | $-63.2M | $-122.1M | ||
| Q4 24 | $30.5M | $-255.1M | ||
| Q3 24 | $-6.8M | $-56.3M | ||
| Q2 24 | $30.8M | $-42.5M |
自由现金流MPRIOT
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-774.3M | ||
| Q3 25 | $-92.5M | $-139.7M | ||
| Q2 25 | $-32.7M | $-291.7M | ||
| Q1 25 | $-93.7M | $-154.9M | ||
| Q4 24 | $-11.2M | $-495.4M | ||
| Q3 24 | $-53.3M | $-127.6M | ||
| Q2 24 | $-15.6M | $-96.1M |
自由现金流率MPRIOT
| Q1 26 | — | — | ||
| Q4 25 | -207.4% | -506.6% | ||
| Q3 25 | -172.8% | -77.5% | ||
| Q2 25 | -56.9% | -190.7% | ||
| Q1 25 | -154.0% | -96.0% | ||
| Q4 24 | -18.3% | -347.5% | ||
| Q3 24 | -84.7% | -150.5% | ||
| Q2 24 | -50.1% | -137.2% |
资本支出强度MPRIOT
| Q1 26 | — | — | ||
| Q4 25 | 118.5% | 131.8% | ||
| Q3 25 | 94.3% | 14.3% | ||
| Q2 25 | 50.5% | 39.5% | ||
| Q1 25 | 50.1% | 20.4% | ||
| Q4 24 | 68.3% | 168.6% | ||
| Q3 24 | 73.8% | 84.1% | ||
| Q2 24 | 148.7% | 76.5% |
现金转化率MPRIOT
| Q1 26 | — | — | ||
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | — | -1.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -1.87× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
