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Side-by-side financial comparison of NOVA LTD. (NVMI) and SSR MINING INC. (SSRM). Click either name above to swap in a different company.

SSR MINING INC. is the larger business by last-quarter revenue ($521.7M vs $433.3M, roughly 1.2× NOVA LTD.). SSR MINING INC. runs the higher net margin — 34.8% vs 30.7%, a 4.1% gap on every dollar of revenue. SSR MINING INC. produced more free cash flow last quarter ($106.4M vs $102.6M).

Nova Ltd., formerly known as Nova Measuring Instruments, is a publicly traded company that provides advanced metrology solutions for semiconductor manufacturing. Founded in 1993, the company specializes in dimensional, materials, and chemical metrology technologies. Nova is listed on both the NASDAQ Global Market and on the Tel Aviv Stock Exchange under the ticker symbol NVMI.

SSR Mining Inc., formerly Silver Standard Resources is a Denver-based gold, silver, copper, lead and zinc producer that owns the largest silver mine in Argentina. In addition it engages in exploration activity throughout the Americas and Turkey. In 2020, SSR Mining merged with Alacer Gold. Since the merger, the company has moved headquarters to Denver, Colorado. Rodney P. Antal is now the president and CEO of SSR mining. In February 2021, SSR Mining announced that Alison White would be the ne...

NVMI vs SSRM — Head-to-Head

Bigger by revenue
SSRM
SSRM
1.2× larger
SSRM
$521.7M
$433.3M
NVMI
Higher net margin
SSRM
SSRM
4.1% more per $
SSRM
34.8%
30.7%
NVMI
More free cash flow
SSRM
SSRM
$3.8M more FCF
SSRM
$106.4M
$102.6M
NVMI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
NVMI
NVMI
SSRM
SSRM
Revenue
$433.3M
$521.7M
Net Profit
$133.1M
$181.5M
Gross Margin
57.6%
Operating Margin
29.7%
38.8%
Net Margin
30.7%
34.8%
Revenue YoY
61.4%
Net Profit YoY
3166.6%
EPS (diluted)
$0.84

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NVMI
NVMI
SSRM
SSRM
Q4 25
$521.7M
Q3 25
$385.8M
Q2 25
$433.3M
$405.5M
Q1 25
$316.6M
Q4 24
$323.2M
Q3 24
$257.4M
Q2 24
$184.8M
Q1 24
$230.2M
Net Profit
NVMI
NVMI
SSRM
SSRM
Q4 25
$181.5M
Q3 25
$65.4M
Q2 25
$133.1M
$90.1M
Q1 25
$58.8M
Q4 24
$5.6M
Q3 24
$10.6M
Q2 24
$9.7M
Q1 24
$-287.1M
Gross Margin
NVMI
NVMI
SSRM
SSRM
Q4 25
Q3 25
Q2 25
57.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
NVMI
NVMI
SSRM
SSRM
Q4 25
38.8%
Q3 25
21.6%
Q2 25
29.7%
26.9%
Q1 25
21.1%
Q4 24
10.6%
Q3 24
3.5%
Q2 24
5.8%
Q1 24
-163.5%
Net Margin
NVMI
NVMI
SSRM
SSRM
Q4 25
34.8%
Q3 25
17.0%
Q2 25
30.7%
22.2%
Q1 25
18.6%
Q4 24
1.7%
Q3 24
4.1%
Q2 24
5.2%
Q1 24
-124.7%
EPS (diluted)
NVMI
NVMI
SSRM
SSRM
Q4 25
$0.84
Q3 25
$0.31
Q2 25
$0.42
Q1 25
$0.28
Q4 24
$0.03
Q3 24
$0.05
Q2 24
$0.05
Q1 24
$-1.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NVMI
NVMI
SSRM
SSRM
Cash + ST InvestmentsLiquidity on hand
$348.4M
$575.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$3.5B
Total Assets
$1.5B
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVMI
NVMI
SSRM
SSRM
Q4 25
$575.6M
Q3 25
$445.4M
Q2 25
$348.4M
$438.5M
Q1 25
$341.3M
Q4 24
$417.3M
Q3 24
$365.8M
Q2 24
$384.4M
Q1 24
$492.0M
Total Debt
NVMI
NVMI
SSRM
SSRM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$228.6M
Q3 24
$228.3M
Q2 24
$228.0M
Q1 24
$228.7M
Stockholders' Equity
NVMI
NVMI
SSRM
SSRM
Q4 25
$3.5B
Q3 25
$3.3B
Q2 25
$1.1B
$3.3B
Q1 25
$3.2B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.1B
Q1 24
$3.1B
Total Assets
NVMI
NVMI
SSRM
SSRM
Q4 25
$6.1B
Q3 25
$5.9B
Q2 25
$1.5B
$5.8B
Q1 25
$5.6B
Q4 24
$5.2B
Q3 24
$5.1B
Q2 24
$5.2B
Q1 24
$5.3B
Debt / Equity
NVMI
NVMI
SSRM
SSRM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.07×
Q3 24
0.07×
Q2 24
0.07×
Q1 24
0.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NVMI
NVMI
SSRM
SSRM
Operating Cash FlowLast quarter
$114.2M
$172.1M
Free Cash FlowOCF − Capex
$102.6M
$106.4M
FCF MarginFCF / Revenue
23.7%
20.4%
Capex IntensityCapex / Revenue
2.7%
12.6%
Cash ConversionOCF / Net Profit
0.86×
0.95×
TTM Free Cash FlowTrailing 4 quarters
$241.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVMI
NVMI
SSRM
SSRM
Q4 25
$172.1M
Q3 25
$57.2M
Q2 25
$114.2M
$157.8M
Q1 25
$84.8M
Q4 24
$95.0M
Q3 24
$-1.3M
Q2 24
$-78.1M
Q1 24
$24.6M
Free Cash Flow
NVMI
NVMI
SSRM
SSRM
Q4 25
$106.4M
Q3 25
$-2.4M
Q2 25
$102.6M
$98.4M
Q1 25
$39.3M
Q4 24
$56.4M
Q3 24
$-34.1M
Q2 24
$-116.3M
Q1 24
$-9.4M
FCF Margin
NVMI
NVMI
SSRM
SSRM
Q4 25
20.4%
Q3 25
-0.6%
Q2 25
23.7%
24.3%
Q1 25
12.4%
Q4 24
17.5%
Q3 24
-13.2%
Q2 24
-62.9%
Q1 24
-4.1%
Capex Intensity
NVMI
NVMI
SSRM
SSRM
Q4 25
12.6%
Q3 25
15.4%
Q2 25
2.7%
14.7%
Q1 25
14.4%
Q4 24
11.9%
Q3 24
12.7%
Q2 24
20.7%
Q1 24
14.8%
Cash Conversion
NVMI
NVMI
SSRM
SSRM
Q4 25
0.95×
Q3 25
0.87×
Q2 25
0.86×
1.75×
Q1 25
1.44×
Q4 24
17.10×
Q3 24
-0.13×
Q2 24
-8.06×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NVMI
NVMI

Products$351.8M81%
Services$81.6M19%

SSRM
SSRM

Gold$369.3M71%
Concentrate Sales$124.4M24%
Other$19.1M4%
Lead$9.0M2%

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