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MP Materials Corp.（MP）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
南方铜业的季度营收约是MP Materials Corp.的73.5倍（$3.9B vs $52.7M）。南方铜业净利率更高（33.9% vs 17.9%，领先16.0%）。南方铜业同比增速更快（39.0% vs -13.6%）。南方铜业自由现金流更多（$1.1B vs $-109.3M）。过去两年南方铜业的营收复合增速更高（22.0% 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。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
MP vs SCCO — 直观对比
营收规模更大
SCCO
是对方的73.5倍
$52.7M
营收增速更快
SCCO
高出52.6%
-13.6%
净利率更高
SCCO
高出16.0%
17.9%
自由现金流更多
SCCO
多$1.2B
$-109.3M
两年增速更快
SCCO
近两年复合增速
4.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $3.9B |
| 净利润 | $9.4M | $1.3B |
| 毛利率 | — | 62.0% |
| 营业利润率 | -7.0% | 54.5% |
| 净利率 | 17.9% | 33.9% |
| 营收同比 | -13.6% | 39.0% |
| 净利润同比 | 142.2% | 64.7% |
| 每股收益（稀释后） | $0.07 | $1.49 |
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MPSCCO
| Q4 25 | $52.7M | $3.9B | ||
| Q3 25 | $53.6M | $3.4B | ||
| Q2 25 | $57.4M | $3.1B | ||
| Q1 25 | $60.8M | $3.1B | ||
| Q4 24 | $61.0M | $2.8B | ||
| Q3 24 | $62.9M | $2.9B | ||
| Q2 24 | $31.3M | $3.1B | ||
| Q1 24 | $48.7M | $2.6B |
净利润MPSCCO
| Q4 25 | $9.4M | $1.3B | ||
| Q3 25 | $-41.8M | $1.1B | ||
| Q2 25 | $-30.9M | $976.7M | ||
| Q1 25 | $-22.6M | $949.1M | ||
| Q4 24 | $-22.3M | $796.2M | ||
| Q3 24 | $-25.5M | $899.8M | ||
| Q2 24 | $-34.1M | $953.8M | ||
| Q1 24 | $16.5M | $738.8M |
毛利率MPSCCO
| Q4 25 | — | 62.0% | ||
| Q3 25 | — | 59.8% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 57.7% | ||
| Q4 24 | — | 56.5% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 59.9% | ||
| Q1 24 | — | 55.5% |
营业利润率MPSCCO
| Q4 25 | -7.0% | 54.5% | ||
| Q3 25 | -125.2% | 52.4% | ||
| Q2 25 | -76.5% | 52.0% | ||
| Q1 25 | -57.2% | 49.2% | ||
| Q4 24 | -72.1% | 47.0% | ||
| Q3 24 | -62.8% | 49.5% | ||
| Q2 24 | -171.1% | 51.5% | ||
| Q1 24 | -66.6% | 45.8% |
净利率MPSCCO
| Q4 25 | 17.9% | 33.9% | ||
| Q3 25 | -78.0% | 32.9% | ||
| Q2 25 | -53.8% | 32.0% | ||
| Q1 25 | -37.2% | 30.4% | ||
| Q4 24 | -36.6% | 28.6% | ||
| Q3 24 | -40.5% | 30.7% | ||
| Q2 24 | -108.9% | 30.6% | ||
| Q1 24 | 33.9% | 28.4% |
每股收益（稀释后）MPSCCO
| Q4 25 | $0.07 | $1.49 | ||
| Q3 25 | $-0.24 | $1.35 | ||
| Q2 25 | $-0.19 | $1.21 | ||
| Q1 25 | $-0.14 | $1.19 | ||
| Q4 24 | $-0.12 | $1.02 | ||
| Q3 24 | $-0.16 | $1.15 | ||
| Q2 24 | $-0.21 | $1.22 | ||
| Q1 24 | $-0.08 | $0.95 |
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 | $4.9B |
| 总债务越低越好 | $998.7M | $6.8B |
| 股东权益账面价值 | $2.0B | $11.0B |
| 总资产 | $3.9B | $21.4B |
| 负债/权益比越低杠杆越低 | 0.50× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资MPSCCO
| Q4 25 | $1.2B | $4.9B | ||
| Q3 25 | $1.1B | $4.5B | ||
| Q2 25 | $261.5M | $4.0B | ||
| Q1 25 | $198.3M | $4.3B | ||
| Q4 24 | $282.4M | $3.5B | ||
| Q3 24 | $284.4M | $3.0B | ||
| Q2 24 | $295.6M | $2.2B | ||
| Q1 24 | $296.5M | $1.6B |
总债务MPSCCO
| Q4 25 | $998.7M | $6.8B | ||
| Q3 25 | $997.3M | — | ||
| Q2 25 | $910.8M | — | ||
| Q1 25 | $909.8M | — | ||
| Q4 24 | $908.7M | $6.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.3B |
股东权益MPSCCO
| Q4 25 | $2.0B | $11.0B | ||
| Q3 25 | $2.0B | $10.4B | ||
| Q2 25 | $1.0B | $10.0B | ||
| Q1 25 | $1.0B | $9.6B | ||
| Q4 24 | $1.1B | $9.2B | ||
| Q3 24 | $1.1B | $8.9B | ||
| Q2 24 | $1.1B | $8.5B | ||
| Q1 24 | $1.1B | $7.5B |
总资产MPSCCO
| Q4 25 | $3.9B | $21.4B | ||
| Q3 25 | $3.8B | $20.3B | ||
| Q2 25 | $2.3B | $19.6B | ||
| Q1 25 | $2.4B | $19.8B | ||
| Q4 24 | $2.3B | $18.7B | ||
| Q3 24 | $2.3B | $18.4B | ||
| Q2 24 | $2.4B | $17.8B | ||
| Q1 24 | $2.4B | $16.8B |
负债/权益比MPSCCO
| Q4 25 | 0.50× | 0.61× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | 0.68× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.83× |
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 | $1.5B |
| 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% | 27.7% |
| 资本支出强度资本支出/营收 | 118.5% | 10.9% |
| 现金转化率经营现金流/净利润 | -4.97× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $-328.1M | $3.4B |
8季度趋势，按日历期对齐
经营现金流MPSCCO
| Q4 25 | $-46.9M | $1.5B | ||
| Q3 25 | $-42.0M | $1.6B | ||
| Q2 25 | $-3.7M | $976.8M | ||
| Q1 25 | $-63.2M | $721.4M | ||
| Q4 24 | $30.5M | $1.4B | ||
| Q3 24 | $-6.8M | $1.4B | ||
| Q2 24 | $30.8M | $962.1M | ||
| Q1 24 | $-41.1M | $659.7M |
自由现金流MPSCCO
| Q4 25 | $-109.3M | $1.1B | ||
| Q3 25 | $-92.5M | $1.2B | ||
| Q2 25 | $-32.7M | $741.1M | ||
| Q1 25 | $-93.7M | $403.6M | ||
| Q4 24 | $-11.2M | $1.1B | ||
| Q3 24 | $-53.3M | $1.2B | ||
| Q2 24 | $-15.6M | $630.3M | ||
| Q1 24 | $-93.0M | $445.9M |
自由现金流率MPSCCO
| Q4 25 | -207.4% | 27.7% | ||
| Q3 25 | -172.8% | 35.8% | ||
| Q2 25 | -56.9% | 24.3% | ||
| Q1 25 | -154.0% | 12.9% | ||
| Q4 24 | -18.3% | 40.4% | ||
| Q3 24 | -84.7% | 40.7% | ||
| Q2 24 | -50.1% | 20.2% | ||
| Q1 24 | -191.0% | 17.2% |
资本支出强度MPSCCO
| Q4 25 | 118.5% | 10.9% | ||
| Q3 25 | 94.3% | 10.3% | ||
| Q2 25 | 50.5% | 7.7% | ||
| Q1 25 | 50.1% | 10.2% | ||
| Q4 24 | 68.3% | 8.5% | ||
| Q3 24 | 73.8% | 8.4% | ||
| Q2 24 | 148.7% | 10.6% | ||
| Q1 24 | 106.5% | 8.2% |
现金转化率MPSCCO
| Q4 25 | -4.97× | 1.14× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | -2.49× | 0.89× |
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
暂无分部数据
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
