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MP Materials Corp.（MP）与SANDRIDGE ENERGY INC（SD）财务数据对比。点击上方公司名可切换其他公司
MP Materials Corp.的季度营收约是SANDRIDGE ENERGY INC的2.3倍（$90.6M vs $39.4M），SANDRIDGE ENERGY INC净利率更高（54.9% vs -8.8%，领先63.7%），MP Materials Corp.同比增速更快（49.1% vs 1.1%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs 14.1%）
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。
桑德里奇能源公司是一家专注于油气勘探开发的能源企业，核心业务区域位于美国中大陆地区。公司依照特拉华州法律注册设立，总部设于俄克拉荷马州俄克拉荷马城，是北美本土颇具影响力的独立油气生产商。
MP vs SD — 直观对比
营收规模更大
MP
是对方的2.3倍
$39.4M
营收增速更快
MP
高出48.0%
1.1%
净利率更高
SD
高出63.7%
-8.8%
两年增速更快
MP
近两年复合增速
14.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $39.4M |
| 净利润 | $-8.0M | $21.6M |
| 毛利率 | — | — |
| 营业利润率 | — | 38.5% |
| 净利率 | -8.8% | 54.9% |
| 营收同比 | 49.1% | 1.1% |
| 净利润同比 | 64.8% | 23.1% |
| 每股收益（稀释后） | $-0.04 | $0.59 |
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MPSD
| Q1 26 | $90.6M | — | ||
| Q4 25 | $52.7M | $39.4M | ||
| Q3 25 | $53.6M | $39.8M | ||
| Q2 25 | $57.4M | $34.5M | ||
| Q1 25 | $60.8M | $42.6M | ||
| Q4 24 | $61.0M | $39.0M | ||
| Q3 24 | $62.9M | $30.1M | ||
| Q2 24 | $31.3M | $26.0M |
净利润MPSD
| Q1 26 | $-8.0M | — | ||
| Q4 25 | $9.4M | $21.6M | ||
| Q3 25 | $-41.8M | $16.0M | ||
| Q2 25 | $-30.9M | $19.6M | ||
| Q1 25 | $-22.6M | $13.0M | ||
| Q4 24 | $-22.3M | $17.6M | ||
| Q3 24 | $-25.5M | $25.5M | ||
| Q2 24 | $-34.1M | $8.8M |
营业利润率MPSD
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | 38.5% | ||
| Q3 25 | -125.2% | 37.8% | ||
| Q2 25 | -76.5% | 53.7% | ||
| Q1 25 | -57.2% | 28.6% | ||
| Q4 24 | -72.1% | 25.9% | ||
| Q3 24 | -62.8% | 28.3% | ||
| Q2 24 | -171.1% | 23.9% |
净利率MPSD
| Q1 26 | -8.8% | — | ||
| Q4 25 | 17.9% | 54.9% | ||
| Q3 25 | -78.0% | 40.1% | ||
| Q2 25 | -53.8% | 56.6% | ||
| Q1 25 | -37.2% | 30.6% | ||
| Q4 24 | -36.6% | 45.1% | ||
| Q3 24 | -40.5% | 84.8% | ||
| Q2 24 | -108.9% | 33.9% |
每股收益（稀释后）MPSD
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $0.07 | $0.59 | ||
| Q3 25 | $-0.24 | $0.43 | ||
| Q2 25 | $-0.19 | $0.53 | ||
| Q1 25 | $-0.14 | $0.35 | ||
| Q4 24 | $-0.12 | $0.46 | ||
| Q3 24 | $-0.16 | $0.69 | ||
| Q2 24 | $-0.21 | $0.24 |
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 | $111.0M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $2.0B | $510.9M |
| 总资产 | $3.8B | $644.0M |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MPSD
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.2B | $111.0M | ||
| Q3 25 | $1.1B | $101.2M | ||
| Q2 25 | $261.5M | $102.8M | ||
| Q1 25 | $198.3M | $99.7M | ||
| Q4 24 | $282.4M | $98.1M | ||
| Q3 24 | $284.4M | $92.7M | ||
| Q2 24 | $295.6M | $209.9M |
总债务MPSD
| Q1 26 | $1.0B | — | ||
| Q4 25 | $998.7M | — | ||
| Q3 25 | $997.3M | — | ||
| Q2 25 | $910.8M | — | ||
| Q1 25 | $909.8M | — | ||
| Q4 24 | $908.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MPSD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $510.9M | ||
| Q3 25 | $2.0B | $492.4M | ||
| Q2 25 | $1.0B | $480.2M | ||
| Q1 25 | $1.0B | $464.9M | ||
| Q4 24 | $1.1B | $460.5M | ||
| Q3 24 | $1.1B | $446.8M | ||
| Q2 24 | $1.1B | $424.8M |
总资产MPSD
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $644.0M | ||
| Q3 25 | $3.8B | $619.0M | ||
| Q2 25 | $2.3B | $602.3M | ||
| Q1 25 | $2.4B | $588.3M | ||
| Q4 24 | $2.3B | $581.5M | ||
| Q3 24 | $2.3B | $565.2M | ||
| Q2 24 | $2.4B | $529.6M |
负债/权益比MPSD
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | — | — | ||
| 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 | $31.7M |
| 自由现金流经营现金流 - 资本支出 | — | $14.4M |
| 自由现金流率自由现金流/营收 | — | 36.6% |
| 资本支出强度资本支出/营收 | — | 43.8% |
| 现金转化率经营现金流/净利润 | — | 1.46× |
| 过去12个月自由现金流最近4个季度 | — | $41.5M |
8季度趋势，按日历期对齐
经营现金流MPSD
| Q1 26 | $-1.9M | — | ||
| Q4 25 | $-46.9M | $31.7M | ||
| Q3 25 | $-42.0M | $25.3M | ||
| Q2 25 | $-3.7M | $22.9M | ||
| Q1 25 | $-63.2M | $20.3M | ||
| Q4 24 | $30.5M | $26.0M | ||
| Q3 24 | $-6.8M | $20.8M | ||
| Q2 24 | $30.8M | $11.4M |
自由现金流MPSD
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $14.4M | ||
| Q3 25 | $-92.5M | $5.9M | ||
| Q2 25 | $-32.7M | $7.3M | ||
| Q1 25 | $-93.7M | $13.9M | ||
| Q4 24 | $-11.2M | $13.2M | ||
| Q3 24 | $-53.3M | $10.8M | ||
| Q2 24 | $-15.6M | $9.0M |
自由现金流率MPSD
| Q1 26 | — | — | ||
| Q4 25 | -207.4% | 36.6% | ||
| Q3 25 | -172.8% | 14.9% | ||
| Q2 25 | -56.9% | 21.0% | ||
| Q1 25 | -154.0% | 32.7% | ||
| Q4 24 | -18.3% | 33.8% | ||
| Q3 24 | -84.7% | 36.1% | ||
| Q2 24 | -50.1% | 34.5% |
资本支出强度MPSD
| Q1 26 | — | — | ||
| Q4 25 | 118.5% | 43.8% | ||
| Q3 25 | 94.3% | 48.6% | ||
| Q2 25 | 50.5% | 45.2% | ||
| Q1 25 | 50.1% | 15.0% | ||
| Q4 24 | 68.3% | 32.9% | ||
| Q3 24 | 73.8% | 33.3% | ||
| Q2 24 | 148.7% | 9.4% |
现金转化率MPSD
| Q1 26 | — | — | ||
| Q4 25 | -4.97× | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
