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MP Materials Corp.（MP）与沃夫斯沛（WOLF）财务数据对比。点击上方公司名可切换其他公司
沃夫斯沛的季度营收约是MP Materials Corp.的1.9倍（$168.5M vs $90.6M），MP Materials Corp.净利率更高（-8.8% vs -89.4%，领先80.6%），MP Materials Corp.同比增速更快（49.1% vs -6.6%），过去两年MP Materials Corp.的营收复合增速更高（70.3% vs -8.4%）
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。
Wolfspeed, Inc.（原Cree, Inc.）是一家美国宽禁带半导体研发制造商，核心业务聚焦碳化硅材料与功率器件，产品主要应用于交通、电源、功率逆变器以及无线系统等领域，是碳化硅功率半导体领域的领先企业。
MP vs WOLF — 直观对比
营收规模更大
WOLF
是对方的1.9倍
$90.6M
营收增速更快
MP
高出55.7%
-6.6%
净利率更高
MP
高出80.6%
-89.4%
两年增速更快
MP
近两年复合增速
-8.4%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $90.6M | $168.5M |
| 净利润 | $-8.0M | $-150.6M |
| 毛利率 | — | -46.5% |
| 营业利润率 | — | -94.0% |
| 净利率 | -8.8% | -89.4% |
| 营收同比 | 49.1% | -6.6% |
| 净利润同比 | 64.8% | 59.5% |
| 每股收益（稀释后） | $-0.04 | $-5.78 |
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MPWOLF
| Q1 26 | $90.6M | — | ||
| Q4 25 | $52.7M | $168.5M | ||
| Q3 25 | $53.6M | $196.8M | ||
| Q2 25 | $57.4M | $197.0M | ||
| Q1 25 | $60.8M | $185.4M | ||
| Q4 24 | $61.0M | $180.5M | ||
| Q3 24 | $62.9M | $194.7M | ||
| Q2 24 | $31.3M | $200.7M |
净利润MPWOLF
| Q1 26 | $-8.0M | — | ||
| Q4 25 | $9.4M | $-150.6M | ||
| Q3 25 | $-41.8M | $-643.6M | ||
| Q2 25 | $-30.9M | $-669.3M | ||
| Q1 25 | $-22.6M | $-285.5M | ||
| Q4 24 | $-22.3M | $-372.2M | ||
| Q3 24 | $-25.5M | $-282.2M | ||
| Q2 24 | $-34.1M | $-174.9M |
毛利率MPWOLF
| Q1 26 | — | — | ||
| Q4 25 | — | -46.5% | ||
| Q3 25 | — | -39.2% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | -12.1% | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | — | -18.6% | ||
| Q2 24 | — | 1.2% |
营业利润率MPWOLF
| Q1 26 | — | — | ||
| Q4 25 | -7.0% | -94.0% | ||
| Q3 25 | -125.2% | -82.0% | ||
| Q2 25 | -76.5% | -295.2% | ||
| Q1 25 | -57.2% | -104.9% | ||
| Q4 24 | -72.1% | -178.9% | ||
| Q3 24 | -62.8% | -118.2% | ||
| Q2 24 | -171.1% | -72.7% |
净利率MPWOLF
| Q1 26 | -8.8% | — | ||
| Q4 25 | 17.9% | -89.4% | ||
| Q3 25 | -78.0% | -327.0% | ||
| Q2 25 | -53.8% | -339.7% | ||
| Q1 25 | -37.2% | -154.0% | ||
| Q4 24 | -36.6% | -206.2% | ||
| Q3 24 | -40.5% | -144.9% | ||
| Q2 24 | -108.9% | -87.1% |
每股收益（稀释后）MPWOLF
| Q1 26 | $-0.04 | — | ||
| Q4 25 | $0.07 | $-5.78 | ||
| Q3 25 | $-0.24 | $-4.12 | ||
| Q2 25 | $-0.19 | $-4.42 | ||
| Q1 25 | $-0.14 | $-1.86 | ||
| Q4 24 | $-0.12 | $-2.88 | ||
| Q3 24 | $-0.16 | $-2.23 | ||
| Q2 24 | $-0.21 | $-1.39 |
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 | $1.3B |
| 总债务越低越好 | $1.0B | $2.0B |
| 股东权益账面价值 | $2.0B | $627.4M |
| 总资产 | $3.8B | $3.4B |
| 负债/权益比越低杠杆越低 | 0.51× | 3.13× |
8季度趋势，按日历期对齐
现金及短期投资MPWOLF
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $926.0M | ||
| Q2 25 | $261.5M | $955.4M | ||
| Q1 25 | $198.3M | $1.3B | ||
| Q4 24 | $282.4M | $1.4B | ||
| Q3 24 | $284.4M | $1.7B | ||
| Q2 24 | $295.6M | $2.2B |
总债务MPWOLF
| Q1 26 | $1.0B | — | ||
| Q4 25 | $998.7M | $2.0B | ||
| Q3 25 | $997.3M | $0 | ||
| Q2 25 | $910.8M | $6.5B | ||
| Q1 25 | $909.8M | $6.5B | ||
| Q4 24 | $908.7M | $6.4B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $6.2B |
股东权益MPWOLF
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $627.4M | ||
| Q3 25 | $2.0B | $-1.1B | ||
| Q2 25 | $1.0B | $-447.1M | ||
| Q1 25 | $1.0B | $212.7M | ||
| Q4 24 | $1.1B | $372.6M | ||
| Q3 24 | $1.1B | $628.9M | ||
| Q2 24 | $1.1B | $882.1M |
总资产MPWOLF
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $3.4B | ||
| Q3 25 | $3.8B | $6.6B | ||
| Q2 25 | $2.3B | $6.9B | ||
| Q1 25 | $2.4B | $7.6B | ||
| Q4 24 | $2.3B | $7.7B | ||
| Q3 24 | $2.3B | $7.9B | ||
| Q2 24 | $2.4B | $8.0B |
负债/权益比MPWOLF
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.50× | 3.13× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.88× | 30.61× | ||
| Q4 24 | 0.86× | 17.24× | ||
| Q3 24 | — | 9.81× | ||
| Q2 24 | — | 6.98× |
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 | $-42.6M |
| 自由现金流经营现金流 - 资本支出 | — | $-72.6M |
| 自由现金流率自由现金流/营收 | — | -43.1% |
| 资本支出强度资本支出/营收 | — | 17.8% |
| 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 | — | $-988.1M |
8季度趋势，按日历期对齐
经营现金流MPWOLF
| Q1 26 | $-1.9M | — | ||
| Q4 25 | $-46.9M | $-42.6M | ||
| Q3 25 | $-42.0M | $5.7M | ||
| Q2 25 | $-3.7M | $-242.5M | ||
| Q1 25 | $-63.2M | $-142.1M | ||
| Q4 24 | $30.5M | $-195.1M | ||
| Q3 24 | $-6.8M | $-132.0M | ||
| Q2 24 | $30.8M | $-239.5M |
自由现金流MPWOLF
| Q1 26 | — | — | ||
| Q4 25 | $-109.3M | $-72.6M | ||
| Q3 25 | $-92.5M | $-98.3M | ||
| Q2 25 | $-32.7M | $-454.4M | ||
| Q1 25 | $-93.7M | $-362.8M | ||
| Q4 24 | $-11.2M | $-596.9M | ||
| Q3 24 | $-53.3M | $-569.0M | ||
| Q2 24 | $-15.6M | $-883.8M |
自由现金流率MPWOLF
| Q1 26 | — | — | ||
| Q4 25 | -207.4% | -43.1% | ||
| Q3 25 | -172.8% | -49.9% | ||
| Q2 25 | -56.9% | -230.7% | ||
| Q1 25 | -154.0% | -195.7% | ||
| Q4 24 | -18.3% | -330.7% | ||
| Q3 24 | -84.7% | -292.2% | ||
| Q2 24 | -50.1% | -440.4% |
资本支出强度MPWOLF
| Q1 26 | — | — | ||
| Q4 25 | 118.5% | 17.8% | ||
| Q3 25 | 94.3% | 52.8% | ||
| Q2 25 | 50.5% | 107.6% | ||
| Q1 25 | 50.1% | 119.0% | ||
| Q4 24 | 68.3% | 222.6% | ||
| Q3 24 | 73.8% | 224.4% | ||
| Q2 24 | 148.7% | 321.0% |
现金转化率MPWOLF
| 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% |
WOLF
| Power Products | $118.3M | 70% |
| Materials Products | $50.2M | 30% |
