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MP Materials Corp.（MP）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是MP Materials Corp.的2.0倍（$179.7M vs $90.6M），MP Materials Corp.净利率更高（-8.8% vs -29.5%，领先20.7%），MP Materials Corp.同比增速更快（49.1% vs 35.7%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs 39.2%）
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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
MP vs RKLB — 直观对比
营收规模更大
RKLB
是对方的2.0倍
$90.6M
营收增速更快
MP
高出13.4%
35.7%
净利率更高
MP
高出20.7%
-29.5%
两年增速更快
MP
近两年复合增速
39.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $179.7M |
| 净利润 | $-8.0M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | -28.4% |
| 净利率 | -8.8% | -29.5% |
| 营收同比 | 49.1% | 35.7% |
| 净利润同比 | 64.8% | -1.1% |
| 每股收益（稀释后） | $-0.04 | $-0.09 |
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MPRKLB
| Q1 26 | $90.6M | — | ||
| Q4 25 | $52.7M | $179.7M | ||
| Q3 25 | $53.6M | $155.1M | ||
| Q2 25 | $57.4M | $144.5M | ||
| Q1 25 | $60.8M | $122.6M | ||
| Q4 24 | $61.0M | $132.4M | ||
| Q3 24 | $62.9M | $104.8M | ||
| Q2 24 | $31.3M | $106.3M |
净利润MPRKLB
| Q1 26 | $-8.0M | — | ||
| Q4 25 | $9.4M | $-52.9M | ||
| Q3 25 | $-41.8M | $-18.3M | ||
| Q2 25 | $-30.9M | $-66.4M | ||
| Q1 25 | $-22.6M | $-60.6M | ||
| Q4 24 | $-22.3M | $-52.3M | ||
| Q3 24 | $-25.5M | $-51.9M | ||
| Q2 24 | $-34.1M | $-41.6M |
毛利率MPRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% |
营业利润率MPRKLB
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | -28.4% | ||
| Q3 25 | -125.2% | -38.0% | ||
| Q2 25 | -76.5% | -41.3% | ||
| Q1 25 | -57.2% | -48.3% | ||
| Q4 24 | -72.1% | -38.9% | ||
| Q3 24 | -62.8% | -49.5% | ||
| Q2 24 | -171.1% | -40.7% |
净利率MPRKLB
| Q1 26 | -8.8% | — | ||
| Q4 25 | 17.9% | -29.5% | ||
| Q3 25 | -78.0% | -11.8% | ||
| Q2 25 | -53.8% | -46.0% | ||
| Q1 25 | -37.2% | -49.5% | ||
| Q4 24 | -36.6% | -39.5% | ||
| Q3 24 | -40.5% | -49.6% | ||
| Q2 24 | -108.9% | -39.2% |
每股收益（稀释后）MPRKLB
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $0.07 | $-0.09 | ||
| Q3 25 | $-0.24 | $-0.03 | ||
| Q2 25 | $-0.19 | $-0.13 | ||
| Q1 25 | $-0.14 | $-0.12 | ||
| Q4 24 | $-0.12 | $-0.11 | ||
| Q3 24 | $-0.16 | $-0.10 | ||
| Q2 24 | $-0.21 | $-0.08 |
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 | $1.0B |
| 总债务越低越好 | $1.0B | $152.4M |
| 股东权益账面价值 | $2.0B | $1.7B |
| 总资产 | $3.8B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资MPRKLB
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $976.7M | ||
| Q2 25 | $261.5M | $688.1M | ||
| Q1 25 | $198.3M | $428.4M | ||
| Q4 24 | $282.4M | $419.0M | ||
| Q3 24 | $284.4M | $442.4M | ||
| Q2 24 | $295.6M | $496.8M |
总债务MPRKLB
| Q1 26 | $1.0B | — | ||
| Q4 25 | $998.7M | $152.4M | ||
| Q3 25 | $997.3M | $347.0M | ||
| Q2 25 | $910.8M | $346.5M | ||
| Q1 25 | $909.8M | $345.9M | ||
| Q4 24 | $908.7M | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益MPRKLB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.7B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.0B | $688.5M | ||
| Q1 25 | $1.0B | $431.3M | ||
| Q4 24 | $1.1B | $382.5M | ||
| Q3 24 | $1.1B | $419.8M | ||
| Q2 24 | $1.1B | $455.2M |
总资产MPRKLB
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $2.3B | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $2.3B | $1.6B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.3B | $1.2B | ||
| Q3 24 | $2.3B | $1.2B | ||
| Q2 24 | $2.4B | $1.2B |
负债/权益比MPRKLB
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.50× | 0.09× | ||
| Q3 25 | 0.51× | 0.27× | ||
| Q2 25 | 0.90× | 0.50× | ||
| Q1 25 | 0.88× | 0.80× | ||
| Q4 24 | 0.86× | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流MPRKLB
| Q1 26 | $-1.9M | — | ||
| Q4 25 | $-46.9M | $-64.5M | ||
| Q3 25 | $-42.0M | $-23.5M | ||
| Q2 25 | $-3.7M | $-23.2M | ||
| Q1 25 | $-63.2M | $-54.2M | ||
| Q4 24 | $30.5M | $-2.4M | ||
| Q3 24 | $-6.8M | $-30.9M | ||
| Q2 24 | $30.8M | $-13.0M |
自由现金流MPRKLB
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-114.2M | ||
| Q3 25 | $-92.5M | $-69.4M | ||
| Q2 25 | $-32.7M | $-55.3M | ||
| Q1 25 | $-93.7M | $-82.9M | ||
| Q4 24 | $-11.2M | $-23.9M | ||
| Q3 24 | $-53.3M | $-41.9M | ||
| Q2 24 | $-15.6M | $-28.3M |
自由现金流率MPRKLB
| Q1 26 | — | — | ||
| Q4 25 | -207.4% | -63.6% | ||
| Q3 25 | -172.8% | -44.8% | ||
| Q2 25 | -56.9% | -38.3% | ||
| Q1 25 | -154.0% | -67.6% | ||
| Q4 24 | -18.3% | -18.1% | ||
| Q3 24 | -84.7% | -40.0% | ||
| Q2 24 | -50.1% | -26.7% |
资本支出强度MPRKLB
| Q1 26 | — | — | ||
| Q4 25 | 118.5% | 27.6% | ||
| Q3 25 | 94.3% | 29.6% | ||
| Q2 25 | 50.5% | 22.2% | ||
| Q1 25 | 50.1% | 23.4% | ||
| Q4 24 | 68.3% | 16.3% | ||
| Q3 24 | 73.8% | 10.5% | ||
| Q2 24 | 148.7% | 14.4% |
现金转化率MPRKLB
| Q1 26 | — | — | ||
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
