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MP Materials Corp.（MP）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是MP Materials Corp.的24.4倍（$1.3B vs $52.7M），MP Materials Corp.净利率更高（17.9% vs -63.1%，领先81.0%），MP Materials Corp.同比增速更快（-13.6% vs -25.8%），MP Materials Corp.自由现金流更多（$-109.3M vs $-1.1B），过去两年MP Materials Corp.的营收复合增速更高（4.0% vs 3.3%）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
MP vs RIVN — 直观对比
营收规模更大
RIVN
是对方的24.4倍
$52.7M
营收增速更快
MP
高出12.2%
-25.8%
净利率更高
MP
高出81.0%
-63.1%
自由现金流更多
MP
多$1.0B
$-1.1B
两年增速更快
MP
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $1.3B |
| 净利润 | $9.4M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | -7.0% | -64.8% |
| 净利率 | 17.9% | -63.1% |
| 营收同比 | -13.6% | -25.8% |
| 净利润同比 | 142.2% | -9.0% |
| 每股收益（稀释后） | $0.07 | $-0.66 |
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MPRIVN
| Q4 25 | $52.7M | $1.3B | ||
| Q3 25 | $53.6M | $1.6B | ||
| Q2 25 | $57.4M | $1.3B | ||
| Q1 25 | $60.8M | $1.2B | ||
| Q4 24 | $61.0M | $1.7B | ||
| Q3 24 | $62.9M | $874.0M | ||
| Q2 24 | $31.3M | $1.2B | ||
| Q1 24 | $48.7M | $1.2B |
净利润MPRIVN
| Q4 25 | $9.4M | $-811.0M | ||
| Q3 25 | $-41.8M | $-1.2B | ||
| Q2 25 | $-30.9M | $-1.1B | ||
| Q1 25 | $-22.6M | $-545.0M | ||
| Q4 24 | $-22.3M | $-744.0M | ||
| Q3 24 | $-25.5M | $-1.1B | ||
| Q2 24 | $-34.1M | $-1.5B | ||
| Q1 24 | $16.5M | $-1.4B |
毛利率MPRIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
营业利润率MPRIVN
| Q4 25 | -7.0% | -64.8% | ||
| Q3 25 | -125.2% | -63.1% | ||
| Q2 25 | -76.5% | -85.5% | ||
| Q1 25 | -57.2% | -52.8% | ||
| Q4 24 | -72.1% | -38.1% | ||
| Q3 24 | -62.8% | -133.8% | ||
| Q2 24 | -171.1% | -118.7% | ||
| Q1 24 | -66.6% | -123.3% |
净利率MPRIVN
| Q4 25 | 17.9% | -63.1% | ||
| Q3 25 | -78.0% | -75.3% | ||
| Q2 25 | -53.8% | -85.7% | ||
| Q1 25 | -37.2% | -44.0% | ||
| Q4 24 | -36.6% | -42.9% | ||
| Q3 24 | -40.5% | -125.9% | ||
| Q2 24 | -108.9% | -125.8% | ||
| Q1 24 | 33.9% | -120.1% |
每股收益（稀释后）MPRIVN
| Q4 25 | $0.07 | $-0.66 | ||
| Q3 25 | $-0.24 | $-0.96 | ||
| Q2 25 | $-0.19 | $-0.97 | ||
| Q1 25 | $-0.14 | $-0.48 | ||
| Q4 24 | $-0.12 | $-0.67 | ||
| Q3 24 | $-0.16 | $-1.08 | ||
| Q2 24 | $-0.21 | $-1.46 | ||
| Q1 24 | $-0.08 | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | $998.7M | — |
| 股东权益账面价值 | $2.0B | $4.6B |
| 总资产 | $3.9B | $14.9B |
| 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MPRIVN
| Q4 25 | $1.2B | $6.1B | ||
| Q3 25 | $1.1B | $7.1B | ||
| Q2 25 | $261.5M | $7.5B | ||
| Q1 25 | $198.3M | $7.2B | ||
| Q4 24 | $282.4M | $7.7B | ||
| Q3 24 | $284.4M | $6.7B | ||
| Q2 24 | $295.6M | $7.9B | ||
| Q1 24 | $296.5M | $7.9B |
总债务MPRIVN
| Q4 25 | $998.7M | — | ||
| Q3 25 | $997.3M | — | ||
| Q2 25 | $910.8M | — | ||
| Q1 25 | $909.8M | — | ||
| Q4 24 | $908.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $5.5B | ||
| Q1 24 | — | $4.4B |
股东权益MPRIVN
| Q4 25 | $2.0B | $4.6B | ||
| Q3 25 | $2.0B | $5.1B | ||
| Q2 25 | $1.0B | $6.1B | ||
| Q1 25 | $1.0B | $6.2B | ||
| Q4 24 | $1.1B | $6.6B | ||
| Q3 24 | $1.1B | $5.9B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.1B | $8.1B |
总资产MPRIVN
| Q4 25 | $3.9B | $14.9B | ||
| Q3 25 | $3.8B | $15.2B | ||
| Q2 25 | $2.3B | $15.6B | ||
| Q1 25 | $2.4B | $15.5B | ||
| Q4 24 | $2.3B | $15.4B | ||
| Q3 24 | $2.3B | $14.3B | ||
| Q2 24 | $2.4B | $15.4B | ||
| Q1 24 | $2.4B | $15.7B |
负债/权益比MPRIVN
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $-1.1B |
| 自由现金流率自由现金流/营收 | -207.4% | -89.0% |
| 资本支出强度资本支出/营收 | 118.5% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
经营现金流MPRIVN
| Q4 25 | $-46.9M | $-681.0M | ||
| Q3 25 | $-42.0M | $26.0M | ||
| Q2 25 | $-3.7M | $64.0M | ||
| Q1 25 | $-63.2M | $-188.0M | ||
| Q4 24 | $30.5M | $1.2B | ||
| Q3 24 | $-6.8M | $-876.0M | ||
| Q2 24 | $30.8M | $-754.0M | ||
| Q1 24 | $-41.1M | $-1.3B |
自由现金流MPRIVN
| Q4 25 | $-109.3M | $-1.1B | ||
| Q3 25 | $-92.5M | $-421.0M | ||
| Q2 25 | $-32.7M | $-398.0M | ||
| Q1 25 | $-93.7M | $-526.0M | ||
| Q4 24 | $-11.2M | $856.0M | ||
| Q3 24 | $-53.3M | $-1.2B | ||
| Q2 24 | $-15.6M | $-1.0B | ||
| Q1 24 | $-93.0M | $-1.5B |
自由现金流率MPRIVN
| Q4 25 | -207.4% | -89.0% | ||
| Q3 25 | -172.8% | -27.0% | ||
| Q2 25 | -56.9% | -30.5% | ||
| Q1 25 | -154.0% | -42.4% | ||
| Q4 24 | -18.3% | 49.4% | ||
| Q3 24 | -84.7% | -131.9% | ||
| Q2 24 | -50.1% | -89.6% | ||
| Q1 24 | -191.0% | -126.5% |
资本支出强度MPRIVN
| Q4 25 | 118.5% | 36.0% | ||
| Q3 25 | 94.3% | 28.7% | ||
| Q2 25 | 50.5% | 35.5% | ||
| Q1 25 | 50.1% | 27.3% | ||
| Q4 24 | 68.3% | 18.9% | ||
| Q3 24 | 73.8% | 31.7% | ||
| Q2 24 | 148.7% | 24.4% | ||
| Q1 24 | 106.5% | 21.1% |
现金转化率MPRIVN
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
