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MP Materials Corp.（MP）与Turning Point Brands, Inc.（TPB）财务数据对比。点击上方公司名可切换其他公司
Turning Point Brands, Inc.的季度营收约是MP Materials Corp.的1.3倍（$121.0M vs $90.6M），Turning Point Brands, Inc.净利率更高（6.8% vs -8.8%，领先15.6%），MP Materials Corp.同比增速更快（49.1% vs 29.2%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs 20.7%）
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。
Turning Point Australia（TPAUS）是一家位于澳大利亚的保守派游说团体，隶属于美国转折点组织但保持独立运营，由乔尔·贾马尔创立并于2023年完成注册。该团体目前正积极行动，试图影响2026年3月举行的南澳大利亚州选举结果。
MP vs TPB — 直观对比
营收规模更大
TPB
是对方的1.3倍
$90.6M
营收增速更快
MP
高出19.9%
29.2%
净利率更高
TPB
高出15.6%
-8.8%
两年增速更快
MP
近两年复合增速
20.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $121.0M |
| 净利润 | $-8.0M | $8.2M |
| 毛利率 | — | 55.9% |
| 营业利润率 | — | 16.5% |
| 净利率 | -8.8% | 6.8% |
| 营收同比 | 49.1% | 29.2% |
| 净利润同比 | 64.8% | 239.8% |
| 每股收益（稀释后） | $-0.04 | $0.40 |
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MPTPB
| Q1 26 | $90.6M | — | ||
| Q4 25 | $52.7M | $121.0M | ||
| Q3 25 | $53.6M | $119.0M | ||
| Q2 25 | $57.4M | $116.6M | ||
| Q1 25 | $60.8M | $106.4M | ||
| Q4 24 | $61.0M | $93.7M | ||
| Q3 24 | $62.9M | $90.7M | ||
| Q2 24 | $31.3M | $93.2M |
净利润MPTPB
| Q1 26 | $-8.0M | — | ||
| Q4 25 | $9.4M | $8.2M | ||
| Q3 25 | $-41.8M | $21.1M | ||
| Q2 25 | $-30.9M | $14.5M | ||
| Q1 25 | $-22.6M | $14.4M | ||
| Q4 24 | $-22.3M | $2.4M | ||
| Q3 24 | $-25.5M | $12.4M | ||
| Q2 24 | $-34.1M | $13.0M |
毛利率MPTPB
| Q1 26 | — | — | ||
| Q4 25 | — | 55.9% | ||
| Q3 25 | — | 59.2% | ||
| Q2 25 | — | 57.1% | ||
| Q1 25 | — | 56.0% | ||
| Q4 24 | — | 56.0% | ||
| Q3 24 | — | 55.6% | ||
| Q2 24 | — | 54.1% |
营业利润率MPTPB
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | 16.5% | ||
| Q3 25 | -125.2% | 21.8% | ||
| Q2 25 | -76.5% | 22.6% | ||
| Q1 25 | -57.2% | 21.8% | ||
| Q4 24 | -72.1% | 19.1% | ||
| Q3 24 | -62.8% | 22.9% | ||
| Q2 24 | -171.1% | 24.5% |
净利率MPTPB
| Q1 26 | -8.8% | — | ||
| Q4 25 | 17.9% | 6.8% | ||
| Q3 25 | -78.0% | 17.7% | ||
| Q2 25 | -53.8% | 12.4% | ||
| Q1 25 | -37.2% | 13.5% | ||
| Q4 24 | -36.6% | 2.6% | ||
| Q3 24 | -40.5% | 13.6% | ||
| Q2 24 | -108.9% | 14.0% |
每股收益（稀释后）MPTPB
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $0.07 | $0.40 | ||
| Q3 25 | $-0.24 | $1.13 | ||
| Q2 25 | $-0.19 | $0.79 | ||
| Q1 25 | $-0.14 | $0.79 | ||
| Q4 24 | $-0.12 | $0.15 | ||
| Q3 24 | $-0.16 | $0.68 | ||
| Q2 24 | $-0.21 | $0.68 |
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 | $222.8M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $2.0B | $372.0M |
| 总资产 | $3.8B | $763.8M |
| 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MPTPB
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.2B | $222.8M | ||
| Q3 25 | $1.1B | $201.2M | ||
| Q2 25 | $261.5M | $109.9M | ||
| Q1 25 | $198.3M | $99.6M | ||
| Q4 24 | $282.4M | $48.9M | ||
| Q3 24 | $284.4M | $33.6M | ||
| Q2 24 | $295.6M | $142.2M |
总债务MPTPB
| 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MPTPB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $372.0M | ||
| Q3 25 | $2.0B | $358.2M | ||
| Q2 25 | $1.0B | $224.8M | ||
| Q1 25 | $1.0B | $203.4M | ||
| Q4 24 | $1.1B | $190.4M | ||
| Q3 24 | $1.1B | $185.7M | ||
| Q2 24 | $1.1B | $172.8M |
总资产MPTPB
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $763.8M | ||
| Q3 25 | $3.8B | $742.8M | ||
| Q2 25 | $2.3B | $595.8M | ||
| Q1 25 | $2.4B | $564.6M | ||
| Q4 24 | $2.3B | $493.4M | ||
| Q3 24 | $2.3B | $488.0M | ||
| Q2 24 | $2.4B | $591.6M |
负债/权益比MPTPB
| 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 | $24.9M |
| 自由现金流经营现金流 - 资本支出 | — | $21.5M |
| 自由现金流率自由现金流/营收 | — | 17.8% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | — | 3.03× |
| 过去12个月自由现金流最近4个季度 | — | $43.8M |
8季度趋势，按日历期对齐
经营现金流MPTPB
| Q1 26 | $-1.9M | — | ||
| Q4 25 | $-46.9M | $24.9M | ||
| Q3 25 | $-42.0M | $3.3M | ||
| Q2 25 | $-3.7M | $11.8M | ||
| Q1 25 | $-63.2M | $17.4M | ||
| Q4 24 | $30.5M | $17.7M | ||
| Q3 24 | $-6.8M | $13.2M | ||
| Q2 24 | $30.8M | $13.4M |
自由现金流MPTPB
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $21.5M | ||
| Q3 25 | $-92.5M | $-721.0K | ||
| Q2 25 | $-32.7M | $7.8M | ||
| Q1 25 | $-93.7M | $15.2M | ||
| Q4 24 | $-11.2M | $16.6M | ||
| Q3 24 | $-53.3M | $12.6M | ||
| Q2 24 | $-15.6M | $10.9M |
自由现金流率MPTPB
| Q1 26 | — | — | ||
| Q4 25 | -207.4% | 17.8% | ||
| Q3 25 | -172.8% | -0.6% | ||
| Q2 25 | -56.9% | 6.7% | ||
| Q1 25 | -154.0% | 14.3% | ||
| Q4 24 | -18.3% | 17.8% | ||
| Q3 24 | -84.7% | 13.9% | ||
| Q2 24 | -50.1% | 11.7% |
资本支出强度MPTPB
| Q1 26 | — | — | ||
| Q4 25 | 118.5% | 2.8% | ||
| Q3 25 | 94.3% | 3.4% | ||
| Q2 25 | 50.5% | 3.4% | ||
| Q1 25 | 50.1% | 2.1% | ||
| Q4 24 | 68.3% | 1.2% | ||
| Q3 24 | 73.8% | 0.7% | ||
| Q2 24 | 148.7% | 2.7% |
现金转化率MPTPB
| Q1 26 | — | — | ||
| Q4 25 | -4.97× | 3.03× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 7.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.03× |
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% |
TPB
| US | $111.5M | 92% |
| Non Us | $9.6M | 8% |
