vs
MP Materials Corp.（MP）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
Repay Holdings Corp的季度营收约是MP Materials Corp.的1.5倍（$78.6M vs $52.7M），MP Materials Corp.净利率更高（17.9% vs -178.3%，领先196.2%），Repay Holdings Corp同比增速更快（0.4% vs -13.6%），Repay Holdings Corp自由现金流更多（$23.2M vs $-109.3M），过去两年MP Materials Corp.的营收复合增速更高（4.0% vs -1.3%）
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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
MP vs RPAY — 直观对比
营收规模更大
RPAY
是对方的1.5倍
$52.7M
营收增速更快
RPAY
高出14.0%
-13.6%
净利率更高
MP
高出196.2%
-178.3%
自由现金流更多
RPAY
多$132.5M
$-109.3M
两年增速更快
MP
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $78.6M |
| 净利润 | $9.4M | $-140.1M |
| 毛利率 | — | 74.2% |
| 营业利润率 | -7.0% | -182.2% |
| 净利率 | 17.9% | -178.3% |
| 营收同比 | -13.6% | 0.4% |
| 净利润同比 | 142.2% | -3304.1% |
| 每股收益（稀释后） | $0.07 | $-1.68 |
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MPRPAY
| Q4 25 | $52.7M | $78.6M | ||
| Q3 25 | $53.6M | $77.7M | ||
| Q2 25 | $57.4M | $75.6M | ||
| Q1 25 | $60.8M | $77.3M | ||
| Q4 24 | $61.0M | $78.3M | ||
| Q3 24 | $62.9M | $79.1M | ||
| Q2 24 | $31.3M | $74.9M | ||
| Q1 24 | $48.7M | $80.7M |
净利润MPRPAY
| Q4 25 | $9.4M | $-140.1M | ||
| Q3 25 | $-41.8M | $-6.4M | ||
| Q2 25 | $-30.9M | $-102.3M | ||
| Q1 25 | $-22.6M | $-7.9M | ||
| Q4 24 | $-22.3M | $-4.1M | ||
| Q3 24 | $-25.5M | $3.2M | ||
| Q2 24 | $-34.1M | $-4.1M | ||
| Q1 24 | $16.5M | $-5.2M |
毛利率MPRPAY
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% | ||
| Q1 24 | — | 76.2% |
营业利润率MPRPAY
| Q4 25 | -7.0% | -182.2% | ||
| Q3 25 | -125.2% | -3.9% | ||
| Q2 25 | -76.5% | -138.7% | ||
| Q1 25 | -57.2% | -4.7% | ||
| Q4 24 | -72.1% | -1.5% | ||
| Q3 24 | -62.8% | -0.9% | ||
| Q2 24 | -171.1% | -4.6% | ||
| Q1 24 | -66.6% | -3.1% |
净利率MPRPAY
| Q4 25 | 17.9% | -178.3% | ||
| Q3 25 | -78.0% | -8.3% | ||
| Q2 25 | -53.8% | -135.2% | ||
| Q1 25 | -37.2% | -10.3% | ||
| Q4 24 | -36.6% | -5.3% | ||
| Q3 24 | -40.5% | 4.1% | ||
| Q2 24 | -108.9% | -5.4% | ||
| Q1 24 | 33.9% | -6.5% |
每股收益（稀释后）MPRPAY
| Q4 25 | $0.07 | $-1.68 | ||
| Q3 25 | $-0.24 | $-0.08 | ||
| Q2 25 | $-0.19 | $-1.15 | ||
| Q1 25 | $-0.14 | $-0.09 | ||
| Q4 24 | $-0.12 | $-0.04 | ||
| Q3 24 | $-0.16 | $0.03 | ||
| Q2 24 | $-0.21 | $-0.04 | ||
| Q1 24 | $-0.08 | $-0.06 |
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 | $115.7M |
| 总债务越低越好 | $998.7M | $280.1M |
| 股东权益账面价值 | $2.0B | $484.4M |
| 总资产 | $3.9B | $1.2B |
| 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MPRPAY
| Q4 25 | $1.2B | $115.7M | ||
| Q3 25 | $1.1B | $95.7M | ||
| Q2 25 | $261.5M | $162.6M | ||
| Q1 25 | $198.3M | $165.5M | ||
| Q4 24 | $282.4M | $189.5M | ||
| Q3 24 | $284.4M | $168.7M | ||
| Q2 24 | $295.6M | $147.1M | ||
| Q1 24 | $296.5M | $128.3M |
总债务MPRPAY
| Q4 25 | $998.7M | $280.1M | ||
| Q3 25 | $997.3M | $279.5M | ||
| Q2 25 | $910.8M | $279.0M | ||
| Q1 25 | $909.8M | $497.6M | ||
| Q4 24 | $908.7M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益MPRPAY
| Q4 25 | $2.0B | $484.4M | ||
| Q3 25 | $2.0B | $616.9M | ||
| Q2 25 | $1.0B | $633.7M | ||
| Q1 25 | $1.0B | $755.7M | ||
| Q4 24 | $1.1B | $761.3M | ||
| Q3 24 | $1.1B | $754.7M | ||
| Q2 24 | $1.1B | $815.4M | ||
| Q1 24 | $1.1B | $813.8M |
总资产MPRPAY
| Q4 25 | $3.9B | $1.2B | ||
| Q3 25 | $3.8B | $1.3B | ||
| Q2 25 | $2.3B | $1.4B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.4B | $1.5B |
负债/权益比MPRPAY
| Q4 25 | 0.50× | 0.58× | ||
| Q3 25 | 0.51× | 0.45× | ||
| Q2 25 | 0.90× | 0.44× | ||
| Q1 25 | 0.88× | 0.66× | ||
| Q4 24 | 0.86× | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | $23.2M |
| 自由现金流率自由现金流/营收 | -207.4% | 29.6% |
| 资本支出强度资本支出/营收 | 118.5% | 0.1% |
| 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 | $90.7M |
8季度趋势，按日历期对齐
经营现金流MPRPAY
| Q4 25 | $-46.9M | $23.3M | ||
| Q3 25 | $-42.0M | $32.2M | ||
| Q2 25 | $-3.7M | $33.1M | ||
| Q1 25 | $-63.2M | $2.5M | ||
| Q4 24 | $30.5M | $34.3M | ||
| Q3 24 | $-6.8M | $60.1M | ||
| Q2 24 | $30.8M | $31.0M | ||
| Q1 24 | $-41.1M | $24.8M |
自由现金流MPRPAY
| Q4 25 | $-109.3M | $23.2M | ||
| Q3 25 | $-92.5M | $32.1M | ||
| Q2 25 | $-32.7M | $33.0M | ||
| Q1 25 | $-93.7M | $2.4M | ||
| Q4 24 | $-11.2M | $34.0M | ||
| Q3 24 | $-53.3M | $59.8M | ||
| Q2 24 | $-15.6M | $30.5M | ||
| Q1 24 | $-93.0M | $24.7M |
自由现金流率MPRPAY
| Q4 25 | -207.4% | 29.6% | ||
| Q3 25 | -172.8% | 41.3% | ||
| Q2 25 | -56.9% | 43.6% | ||
| Q1 25 | -154.0% | 3.0% | ||
| Q4 24 | -18.3% | 43.5% | ||
| Q3 24 | -84.7% | 75.6% | ||
| Q2 24 | -50.1% | 40.7% | ||
| Q1 24 | -191.0% | 30.6% |
资本支出强度MPRPAY
| Q4 25 | 118.5% | 0.1% | ||
| Q3 25 | 94.3% | 0.2% | ||
| Q2 25 | 50.5% | 0.1% | ||
| Q1 25 | 50.1% | 0.2% | ||
| Q4 24 | 68.3% | 0.3% | ||
| Q3 24 | 73.8% | 0.3% | ||
| Q2 24 | 148.7% | 0.6% | ||
| Q1 24 | 106.5% | 0.1% |
现金转化率MPRPAY
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
