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MP Materials Corp.（MP）与STEM, INC.（STEM）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STEM, INC.的1.1倍（$52.7M vs $47.1M），MP Materials Corp.净利率更高（17.9% vs -33.9%，领先51.8%），MP Materials Corp.同比增速更快（-13.6% vs -15.6%），过去两年STEM, INC.的营收复合增速更高（36.1% 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。
该公司是一家公开上市的生物制药企业，总部位于加利福尼亚州纽瓦克，专注研发纯化人类神经干细胞，旨在治疗中枢神经系统疾病与瘫痪，其所研发的神经干细胞可分化为中枢神经系统的神经元、星形胶质细胞与少突胶质细胞这三大主要细胞类型。
MP vs STEM — 直观对比
营收规模更大
MP
是对方的1.1倍
$47.1M
营收增速更快
MP
高出1.9%
-15.6%
净利率更高
MP
高出51.8%
-33.9%
两年增速更快
STEM
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.7M | $47.1M |
| 净利润 | $9.4M | $-16.0M |
| 毛利率 | — | 48.9% |
| 营业利润率 | -7.0% | -17.7% |
| 净利率 | 17.9% | -33.9% |
| 营收同比 | -13.6% | -15.6% |
| 净利润同比 | 142.2% | 68.8% |
| 每股收益（稀释后） | $0.07 | $-4.40 |
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MPSTEM
| Q4 25 | $52.7M | $47.1M | ||
| Q3 25 | $53.6M | $38.2M | ||
| Q2 25 | $57.4M | $38.4M | ||
| Q1 25 | $60.8M | $32.5M | ||
| Q4 24 | $61.0M | $55.8M | ||
| Q3 24 | $62.9M | $29.3M | ||
| Q2 24 | $31.3M | $34.0M | ||
| Q1 24 | $48.7M | $25.5M |
净利润MPSTEM
| Q4 25 | $9.4M | $-16.0M | ||
| Q3 25 | $-41.8M | $-23.8M | ||
| Q2 25 | $-30.9M | $202.5M | ||
| Q1 25 | $-22.6M | $-25.0M | ||
| Q4 24 | $-22.3M | $-51.1M | ||
| Q3 24 | $-25.5M | $-148.3M | ||
| Q2 24 | $-34.1M | $-582.3M | ||
| Q1 24 | $16.5M | $-72.3M |
毛利率MPSTEM
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
营业利润率MPSTEM
| Q4 25 | -7.0% | -17.7% | ||
| Q3 25 | -125.2% | -33.6% | ||
| Q2 25 | -76.5% | -34.8% | ||
| Q1 25 | -57.2% | -65.0% | ||
| Q4 24 | -72.1% | -84.4% | ||
| Q3 24 | -62.8% | -493.2% | ||
| Q2 24 | -171.1% | -1705.5% | ||
| Q1 24 | -66.6% | -267.0% |
净利率MPSTEM
| Q4 25 | 17.9% | -33.9% | ||
| Q3 25 | -78.0% | -62.2% | ||
| Q2 25 | -53.8% | 527.8% | ||
| Q1 25 | -37.2% | -76.9% | ||
| Q4 24 | -36.6% | -91.6% | ||
| Q3 24 | -40.5% | -506.3% | ||
| Q2 24 | -108.9% | -1712.6% | ||
| Q1 24 | 33.9% | -283.9% |
每股收益（稀释后）MPSTEM
| Q4 25 | $0.07 | $-4.40 | ||
| Q3 25 | $-0.24 | $-2.84 | ||
| Q2 25 | $-0.19 | $-1.79 | ||
| Q1 25 | $-0.14 | $-0.15 | ||
| Q4 24 | $-0.12 | $-15.29 | ||
| Q3 24 | $-0.16 | $-18.24 | ||
| Q2 24 | $-0.21 | $-71.81 | ||
| Q1 24 | $-0.08 | $-0.46 |
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 | $48.9M |
| 总债务越低越好 | $998.7M | — |
| 股东权益账面价值 | $2.0B | $-249.4M |
| 总资产 | $3.9B | $308.9M |
| 负债/权益比越低杠杆越低 | 0.50× | — |
8季度趋势，按日历期对齐
现金及短期投资MPSTEM
| Q4 25 | $1.2B | $48.9M | ||
| Q3 25 | $1.1B | $43.1M | ||
| Q2 25 | $261.5M | $40.8M | ||
| Q1 25 | $198.3M | $58.6M | ||
| Q4 24 | $282.4M | $56.3M | ||
| Q3 24 | $284.4M | $75.4M | ||
| Q2 24 | $295.6M | $89.6M | ||
| Q1 24 | $296.5M | $112.8M |
总债务MPSTEM
| Q4 25 | $998.7M | — | ||
| Q3 25 | $997.3M | — | ||
| Q2 25 | $910.8M | — | ||
| Q1 25 | $909.8M | — | ||
| Q4 24 | $908.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MPSTEM
| Q4 25 | $2.0B | $-249.4M | ||
| Q3 25 | $2.0B | $-235.7M | ||
| Q2 25 | $1.0B | $-214.1M | ||
| Q1 25 | $1.0B | $-417.5M | ||
| Q4 24 | $1.1B | $-398.4M | ||
| Q3 24 | $1.1B | $-344.1M | ||
| Q2 24 | $1.1B | $-203.2M | ||
| Q1 24 | $1.1B | $371.6M |
总资产MPSTEM
| Q4 25 | $3.9B | $308.9M | ||
| Q3 25 | $3.8B | $362.6M | ||
| Q2 25 | $2.3B | $379.2M | ||
| Q1 25 | $2.4B | $405.1M | ||
| Q4 24 | $2.3B | $437.4M | ||
| Q3 24 | $2.3B | $537.8M | ||
| Q2 24 | $2.4B | $691.5M | ||
| Q1 24 | $2.4B | $1.3B |
负债/权益比MPSTEM
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-46.9M | $8.2M |
| 自由现金流经营现金流 - 资本支出 | $-109.3M | — |
| 自由现金流率自由现金流/营收 | -207.4% | — |
| 资本支出强度资本支出/营收 | 118.5% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流MPSTEM
| Q4 25 | $-46.9M | $8.2M | ||
| Q3 25 | $-42.0M | $11.4M | ||
| Q2 25 | $-3.7M | $-21.3M | ||
| Q1 25 | $-63.2M | $8.5M | ||
| Q4 24 | $30.5M | $-14.7M | ||
| Q3 24 | $-6.8M | $-9.4M | ||
| Q2 24 | $30.8M | $-11.9M | ||
| Q1 24 | $-41.1M | $-621.0K |
自由现金流MPSTEM
| Q4 25 | $-109.3M | — | ||
| Q3 25 | $-92.5M | — | ||
| Q2 25 | $-32.7M | — | ||
| Q1 25 | $-93.7M | — | ||
| Q4 24 | $-11.2M | — | ||
| Q3 24 | $-53.3M | — | ||
| Q2 24 | $-15.6M | — | ||
| Q1 24 | $-93.0M | — |
自由现金流率MPSTEM
| Q4 25 | -207.4% | — | ||
| Q3 25 | -172.8% | — | ||
| Q2 25 | -56.9% | — | ||
| Q1 25 | -154.0% | — | ||
| Q4 24 | -18.3% | — | ||
| Q3 24 | -84.7% | — | ||
| Q2 24 | -50.1% | — | ||
| Q1 24 | -191.0% | — |
资本支出强度MPSTEM
| Q4 25 | 118.5% | — | ||
| Q3 25 | 94.3% | — | ||
| Q2 25 | 50.5% | — | ||
| Q1 25 | 50.1% | — | ||
| Q4 24 | 68.3% | — | ||
| Q3 24 | 73.8% | — | ||
| Q2 24 | 148.7% | — | ||
| Q1 24 | 106.5% | — |
现金转化率MPSTEM
| Q4 25 | -4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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% |
STEM
暂无分部数据
