vs
Arcosa, Inc.（ACA）与SSR MINING INC.（SSRM）财务数据对比。点击上方公司名可切换其他公司
Arcosa, Inc.的季度营收约是SSR MINING INC.的1.4倍（$716.7M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 7.3%，领先27.5%），SSR MINING INC.同比增速更快（61.4% vs 7.6%），SSR MINING INC.自由现金流更多（$106.4M vs $55.8M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
ACA vs SSRM — 直观对比
营收规模更大
ACA
是对方的1.4倍
$521.7M
营收增速更快
SSRM
高出53.9%
7.6%
净利率更高
SSRM
高出27.5%
7.3%
自由现金流更多
SSRM
多$50.6M
$55.8M
两年增速更快
SSRM
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $521.7M |
| 净利润 | $52.1M | $181.5M |
| 毛利率 | 22.9% | — |
| 营业利润率 | 11.0% | 38.8% |
| 净利率 | 7.3% | 34.8% |
| 营收同比 | 7.6% | 61.4% |
| 净利润同比 | 776.6% | 3166.6% |
| 每股收益（稀释后） | $1.06 | $0.84 |
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ACASSRM
| Q4 25 | $716.7M | $521.7M | ||
| Q3 25 | $797.8M | $385.8M | ||
| Q2 25 | $736.9M | $405.5M | ||
| Q1 25 | $632.0M | $316.6M | ||
| Q4 24 | $666.2M | $323.2M | ||
| Q3 24 | $640.4M | $257.4M | ||
| Q2 24 | $664.7M | $184.8M | ||
| Q1 24 | $598.6M | $230.2M |
净利润ACASSRM
| Q4 25 | $52.1M | $181.5M | ||
| Q3 25 | $73.0M | $65.4M | ||
| Q2 25 | $59.7M | $90.1M | ||
| Q1 25 | $23.6M | $58.8M | ||
| Q4 24 | $-7.7M | $5.6M | ||
| Q3 24 | $16.6M | $10.6M | ||
| Q2 24 | $45.6M | $9.7M | ||
| Q1 24 | $39.2M | $-287.1M |
毛利率ACASSRM
| Q4 25 | 22.9% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 19.8% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 21.3% | — | ||
| Q2 24 | 20.8% | — | ||
| Q1 24 | 18.6% | — |
营业利润率ACASSRM
| Q4 25 | 11.0% | 38.8% | ||
| Q3 25 | 14.1% | 21.6% | ||
| Q2 25 | 12.9% | 26.9% | ||
| Q1 25 | 8.8% | 21.1% | ||
| Q4 24 | 6.5% | 10.6% | ||
| Q3 24 | 5.3% | 3.5% | ||
| Q2 24 | 10.1% | 5.8% | ||
| Q1 24 | 8.9% | -163.5% |
净利率ACASSRM
| Q4 25 | 7.3% | 34.8% | ||
| Q3 25 | 9.2% | 17.0% | ||
| Q2 25 | 8.1% | 22.2% | ||
| Q1 25 | 3.7% | 18.6% | ||
| Q4 24 | -1.2% | 1.7% | ||
| Q3 24 | 2.6% | 4.1% | ||
| Q2 24 | 6.9% | 5.2% | ||
| Q1 24 | 6.5% | -124.7% |
每股收益（稀释后）ACASSRM
| Q4 25 | $1.06 | $0.84 | ||
| Q3 25 | $1.48 | $0.31 | ||
| Q2 25 | $1.22 | $0.42 | ||
| Q1 25 | $0.48 | $0.28 | ||
| Q4 24 | $-0.16 | $0.03 | ||
| Q3 24 | $0.34 | $0.05 | ||
| Q2 24 | $0.93 | $0.05 | ||
| Q1 24 | $0.80 | $-1.42 |
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 | $214.6M | $575.6M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $2.6B | $3.5B |
| 总资产 | $5.0B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACASSRM
| Q4 25 | $214.6M | $575.6M | ||
| Q3 25 | $220.0M | $445.4M | ||
| Q2 25 | $189.7M | $438.5M | ||
| Q1 25 | $167.9M | $341.3M | ||
| Q4 24 | $187.3M | $417.3M | ||
| Q3 24 | $756.8M | $365.8M | ||
| Q2 24 | $103.7M | $384.4M | ||
| Q1 24 | $176.5M | $492.0M |
总债务ACASSRM
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $228.6M | ||
| Q3 24 | $1.2B | $228.3M | ||
| Q2 24 | $699.9M | $228.0M | ||
| Q1 24 | $600.6M | $228.7M |
股东权益ACASSRM
| Q4 25 | $2.6B | $3.5B | ||
| Q3 25 | $2.6B | $3.3B | ||
| Q2 25 | $2.5B | $3.3B | ||
| Q1 25 | $2.5B | $3.2B | ||
| Q4 24 | $2.4B | $3.1B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | $2.4B | $3.1B |
总资产ACASSRM
| Q4 25 | $5.0B | $6.1B | ||
| Q3 25 | $5.1B | $5.9B | ||
| Q2 25 | $5.0B | $5.8B | ||
| Q1 25 | $4.9B | $5.6B | ||
| Q4 24 | $4.9B | $5.2B | ||
| Q3 24 | $4.4B | $5.1B | ||
| Q2 24 | $3.8B | $5.2B | ||
| Q1 24 | $3.7B | $5.3B |
负债/权益比ACASSRM
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | 0.07× | ||
| Q3 24 | 0.51× | 0.07× | ||
| Q2 24 | 0.29× | 0.07× | ||
| Q1 24 | 0.25× | 0.07× |
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 | $120.0M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $106.4M |
| 自由现金流率自由现金流/营收 | 7.8% | 20.4% |
| 资本支出强度资本支出/营收 | 9.0% | 12.6% |
| 现金转化率经营现金流/净利润 | 2.30× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $241.6M |
8季度趋势，按日历期对齐
经营现金流ACASSRM
| Q4 25 | $120.0M | $172.1M | ||
| Q3 25 | $160.6M | $57.2M | ||
| Q2 25 | $61.2M | $157.8M | ||
| Q1 25 | $-700.0K | $84.8M | ||
| Q4 24 | $248.2M | $95.0M | ||
| Q3 24 | $135.0M | $-1.3M | ||
| Q2 24 | $38.3M | $-78.1M | ||
| Q1 24 | $80.5M | $24.6M |
自由现金流ACASSRM
| Q4 25 | $55.8M | $106.4M | ||
| Q3 25 | $121.0M | $-2.4M | ||
| Q2 25 | $33.4M | $98.4M | ||
| Q1 25 | $-34.7M | $39.3M | ||
| Q4 24 | $194.9M | $56.4M | ||
| Q3 24 | $100.6M | $-34.1M | ||
| Q2 24 | $-9.3M | $-116.3M | ||
| Q1 24 | $26.1M | $-9.4M |
自由现金流率ACASSRM
| Q4 25 | 7.8% | 20.4% | ||
| Q3 25 | 15.2% | -0.6% | ||
| Q2 25 | 4.5% | 24.3% | ||
| Q1 25 | -5.5% | 12.4% | ||
| Q4 24 | 29.3% | 17.5% | ||
| Q3 24 | 15.7% | -13.2% | ||
| Q2 24 | -1.4% | -62.9% | ||
| Q1 24 | 4.4% | -4.1% |
资本支出强度ACASSRM
| Q4 25 | 9.0% | 12.6% | ||
| Q3 25 | 5.0% | 15.4% | ||
| Q2 25 | 3.8% | 14.7% | ||
| Q1 25 | 5.4% | 14.4% | ||
| Q4 24 | 8.0% | 11.9% | ||
| Q3 24 | 5.4% | 12.7% | ||
| Q2 24 | 7.2% | 20.7% | ||
| Q1 24 | 9.1% | 14.8% |
现金转化率ACASSRM
| Q4 25 | 2.30× | 0.95× | ||
| Q3 25 | 2.20× | 0.87× | ||
| Q2 25 | 1.03× | 1.75× | ||
| Q1 25 | -0.03× | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | 8.13× | -0.13× | ||
| Q2 24 | 0.84× | -8.06× | ||
| Q1 24 | 2.05× | — |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
