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MP Materials Corp.（MP）与Shimmick Corp（SHIM）财务数据对比。点击上方公司名可切换其他公司
Shimmick Corp的季度营收约是MP Materials Corp.的1.6倍（$141.9M vs $90.6M），Shimmick Corp净利率更高（-3.1% vs -8.8%，领先5.7%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs -10.1%）
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。
Shimmick Corp是一家总部位于美国的重型民用建筑企业，专注于水处理设施、交通系统、大坝工程、环境修复等关键公共基础设施的建造与升级，主要服务北美各级政府客户，承接各类复杂大型建筑项目。
MP vs SHIM — 直观对比
营收规模更大
SHIM
是对方的1.6倍
$90.6M
净利率更高
SHIM
高出5.7%
-8.8%
两年增速更快
MP
近两年复合增速
-10.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $141.9M |
| 净利润 | $-8.0M | $-4.4M |
| 毛利率 | — | 7.6% |
| 营业利润率 | — | -2.2% |
| 净利率 | -8.8% | -3.1% |
| 营收同比 | 49.1% | — |
| 净利润同比 | 64.8% | — |
| 每股收益（稀释后） | $-0.04 | $-0.12 |
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MPSHIM
| Q1 26 | $90.6M | — | ||
| Q4 25 | $52.7M | $141.9M | ||
| Q3 25 | $53.6M | $128.4M | ||
| Q2 25 | $57.4M | $122.1M | ||
| Q1 25 | $60.8M | $103.6M | ||
| Q4 24 | $61.0M | — | ||
| Q3 24 | $62.9M | $166.0M | ||
| Q2 24 | $31.3M | $90.6M |
净利润MPSHIM
| Q1 26 | $-8.0M | — | ||
| Q4 25 | $9.4M | $-4.4M | ||
| Q3 25 | $-41.8M | $-8.5M | ||
| Q2 25 | $-30.9M | $-9.8M | ||
| Q1 25 | $-22.6M | $-38.5M | ||
| Q4 24 | $-22.3M | — | ||
| Q3 24 | $-25.5M | $-1.6M | ||
| Q2 24 | $-34.1M | $-51.4M |
毛利率MPSHIM
| Q1 26 | — | — | ||
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -20.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | -34.4% |
营业利润率MPSHIM
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | -2.2% | ||
| Q3 25 | -125.2% | -5.5% | ||
| Q2 25 | -76.5% | -7.3% | ||
| Q1 25 | -57.2% | -39.3% | ||
| Q4 24 | -72.1% | — | ||
| Q3 24 | -62.8% | 0.7% | ||
| Q2 24 | -171.1% | -53.0% |
净利率MPSHIM
| Q1 26 | -8.8% | — | ||
| Q4 25 | 17.9% | -3.1% | ||
| Q3 25 | -78.0% | -6.6% | ||
| Q2 25 | -53.8% | -8.0% | ||
| Q1 25 | -37.2% | -37.1% | ||
| Q4 24 | -36.6% | — | ||
| Q3 24 | -40.5% | -0.9% | ||
| Q2 24 | -108.9% | -56.7% |
每股收益（稀释后）MPSHIM
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $0.07 | $-0.12 | ||
| Q3 25 | $-0.24 | $-0.25 | ||
| Q2 25 | $-0.19 | $-0.28 | ||
| Q1 25 | $-0.14 | $-0.92 | ||
| Q4 24 | $-0.12 | — | ||
| Q3 24 | $-0.16 | $-0.05 | ||
| Q2 24 | $-0.21 | $-1.83 |
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 | $17.6M |
| 总债务越低越好 | $1.0B | $57.5M |
| 股东权益账面价值 | $2.0B | $-52.7M |
| 总资产 | $3.8B | $218.5M |
| 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MPSHIM
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.2B | $17.6M | ||
| Q3 25 | $1.1B | $21.4M | ||
| Q2 25 | $261.5M | $16.3M | ||
| Q1 25 | $198.3M | $33.7M | ||
| Q4 24 | $282.4M | — | ||
| Q3 24 | $284.4M | $26.0M | ||
| Q2 24 | $295.6M | $22.4M |
总债务MPSHIM
| Q1 26 | $1.0B | — | ||
| Q4 25 | $998.7M | $57.5M | ||
| Q3 25 | $997.3M | $36.4M | ||
| Q2 25 | $910.8M | $31.4M | ||
| Q1 25 | $909.8M | $9.5M | ||
| Q4 24 | $908.7M | — | ||
| Q3 24 | — | $39.9M | ||
| Q2 24 | — | — |
股东权益MPSHIM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $-52.7M | ||
| Q3 25 | $2.0B | $-49.5M | ||
| Q2 25 | $1.0B | $-42.6M | ||
| Q1 25 | $1.0B | $-34.7M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $973.0K | ||
| Q2 24 | $1.1B | $436.0K |
总资产MPSHIM
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $218.5M | ||
| Q3 25 | $3.8B | $203.0M | ||
| Q2 25 | $2.3B | $227.7M | ||
| Q1 25 | $2.4B | $233.9M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $346.7M | ||
| Q2 24 | $2.4B | $344.5M |
负债/权益比MPSHIM
| 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 | — | 41.01× | ||
| 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 | $-23.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-28.7M |
| 自由现金流率自由现金流/营收 | — | -20.2% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 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 | — | $-27.2M |
8季度趋势，按日历期对齐
经营现金流MPSHIM
| Q1 26 | $-1.9M | — | ||
| Q4 25 | $-46.9M | $-23.7M | ||
| Q3 25 | $-42.0M | $-3.8M | ||
| Q2 25 | $-3.7M | $-38.2M | ||
| Q1 25 | $-63.2M | $44.9M | ||
| Q4 24 | $30.5M | — | ||
| Q3 24 | $-6.8M | $12.7M | ||
| Q2 24 | $30.8M | $-43.9M |
自由现金流MPSHIM
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-28.7M | ||
| Q3 25 | $-92.5M | $-4.2M | ||
| Q2 25 | $-32.7M | $-38.7M | ||
| Q1 25 | $-93.7M | $44.4M | ||
| Q4 24 | $-11.2M | — | ||
| Q3 24 | $-53.3M | $10.3M | ||
| Q2 24 | $-15.6M | $-46.8M |
自由现金流率MPSHIM
| Q1 26 | — | — | ||
| Q4 25 | -207.4% | -20.2% | ||
| Q3 25 | -172.8% | -3.2% | ||
| Q2 25 | -56.9% | -31.7% | ||
| Q1 25 | -154.0% | 42.9% | ||
| Q4 24 | -18.3% | — | ||
| Q3 24 | -84.7% | 6.2% | ||
| Q2 24 | -50.1% | -51.7% |
资本支出强度MPSHIM
| Q1 26 | — | — | ||
| Q4 25 | 118.5% | 3.5% | ||
| Q3 25 | 94.3% | 0.3% | ||
| Q2 25 | 50.5% | 0.4% | ||
| Q1 25 | 50.1% | 0.5% | ||
| Q4 24 | 68.3% | — | ||
| Q3 24 | 73.8% | 1.4% | ||
| Q2 24 | 148.7% | 3.3% |
现金转化率MPSHIM
| 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% |
SHIM
| Shimmick Projects | $106.8M | 75% |
| Non Core Projects | $35.1M | 25% |
