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Amentum Holdings, Inc.（AMTM）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
南方铜业的季度营收约是Amentum Holdings, Inc.的1.2倍（$3.9B vs $3.2B），南方铜业净利率更高（33.9% vs 1.4%，领先32.5%），南方铜业同比增速更快（39.0% vs -5.2%），南方铜业自由现金流更多（$1.1B vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 22.0%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
AMTM vs SCCO — 直观对比
营收规模更大
SCCO
是对方的1.2倍
$3.2B
营收增速更快
SCCO
高出44.2%
-5.2%
净利率更高
SCCO
高出32.5%
1.4%
自由现金流更多
SCCO
多$1.2B
$-142.0M
两年增速更快
AMTM
近两年复合增速
22.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.9B |
| 净利润 | $44.0M | $1.3B |
| 毛利率 | 10.1% | 62.0% |
| 营业利润率 | 4.3% | 54.5% |
| 净利率 | 1.4% | 33.9% |
| 营收同比 | -5.2% | 39.0% |
| 净利润同比 | 266.7% | 64.7% |
| 每股收益（稀释后） | $0.18 | $1.49 |
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AMTMSCCO
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $3.9B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $3.6B | $3.1B | ||
| Q1 25 | $3.5B | $3.1B | ||
| Q4 24 | $3.4B | $2.8B | ||
| Q3 24 | $2.2B | $2.9B | ||
| Q2 24 | $2.1B | $3.1B |
净利润AMTMSCCO
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $10.0M | $976.7M | ||
| Q1 25 | $4.0M | $949.1M | ||
| Q4 24 | $12.0M | $796.2M | ||
| Q3 24 | $26.0M | $899.8M | ||
| Q2 24 | $-26.0M | $953.8M |
毛利率AMTMSCCO
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 62.0% | ||
| Q3 25 | — | 59.8% | ||
| Q2 25 | 10.3% | 60.3% | ||
| Q1 25 | 10.5% | 57.7% | ||
| Q4 24 | 10.6% | 56.5% | ||
| Q3 24 | 9.0% | 58.3% | ||
| Q2 24 | 9.6% | 59.9% |
营业利润率AMTMSCCO
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 54.5% | ||
| Q3 25 | — | 52.4% | ||
| Q2 25 | 2.9% | 52.0% | ||
| Q1 25 | 3.2% | 49.2% | ||
| Q4 24 | 3.9% | 47.0% | ||
| Q3 24 | 1.2% | 49.5% | ||
| Q2 24 | 4.2% | 51.5% |
净利率AMTMSCCO
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 33.9% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | 0.3% | 32.0% | ||
| Q1 25 | 0.1% | 30.4% | ||
| Q4 24 | 0.4% | 28.6% | ||
| Q3 24 | 1.2% | 30.7% | ||
| Q2 24 | -1.2% | 30.6% |
每股收益（稀释后）AMTMSCCO
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $1.49 | ||
| Q3 25 | — | $1.35 | ||
| Q2 25 | $0.04 | $1.21 | ||
| Q1 25 | $0.02 | $1.19 | ||
| Q4 24 | $0.05 | $1.02 | ||
| Q3 24 | $0.31 | $1.15 | ||
| Q2 24 | $-0.29 | $1.22 |
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 | $247.0M | $4.9B |
| 总债务越低越好 | $3.9B | $6.8B |
| 股东权益账面价值 | $4.6B | $11.0B |
| 总资产 | $11.2B | $21.4B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资AMTMSCCO
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $4.9B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $738.0M | $4.0B | ||
| Q1 25 | $546.0M | $4.3B | ||
| Q4 24 | $522.0M | $3.5B | ||
| Q3 24 | $452.0M | $3.0B | ||
| Q2 24 | — | $2.2B |
总债务AMTMSCCO
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $6.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | $6.3B | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | — | $6.3B |
股东权益AMTMSCCO
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $11.0B | ||
| Q3 25 | — | $10.4B | ||
| Q2 25 | $4.5B | $10.0B | ||
| Q1 25 | $4.4B | $9.6B | ||
| Q4 24 | $4.5B | $9.2B | ||
| Q3 24 | $4.5B | $8.9B | ||
| Q2 24 | $303.0M | $8.5B |
总资产AMTMSCCO
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $21.4B | ||
| Q3 25 | — | $20.3B | ||
| Q2 25 | $11.8B | $19.6B | ||
| Q1 25 | $12.0B | $19.8B | ||
| Q4 24 | $11.9B | $18.7B | ||
| Q3 24 | $12.0B | $18.4B | ||
| Q2 24 | — | $17.8B |
负债/权益比AMTMSCCO
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.05× | 0.68× | ||
| Q3 24 | 1.05× | — | ||
| Q2 24 | — | 0.74× |
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 | $-136.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $1.1B |
| 自由现金流率自由现金流/营收 | -4.4% | 27.7% |
| 资本支出强度资本支出/营收 | 0.2% | 10.9% |
| 现金转化率经营现金流/净利润 | -3.09× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $3.4B |
8季度趋势，按日历期对齐
经营现金流AMTMSCCO
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $106.0M | $976.8M | ||
| Q1 25 | $57.0M | $721.4M | ||
| Q4 24 | $110.0M | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $962.1M |
自由现金流AMTMSCCO
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $1.1B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $100.0M | $741.1M | ||
| Q1 25 | $53.0M | $403.6M | ||
| Q4 24 | $102.0M | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $630.3M |
自由现金流率AMTMSCCO
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 27.7% | ||
| Q3 25 | — | 35.8% | ||
| Q2 25 | 2.8% | 24.3% | ||
| Q1 25 | 1.5% | 12.9% | ||
| Q4 24 | 3.0% | 40.4% | ||
| Q3 24 | — | 40.7% | ||
| Q2 24 | — | 20.2% |
资本支出强度AMTMSCCO
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 10.9% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | 0.2% | 7.7% | ||
| Q1 25 | 0.1% | 10.2% | ||
| Q4 24 | 0.2% | 8.5% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 10.6% |
现金转化率AMTMSCCO
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 1.14× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | 10.60× | 1.00× | ||
| Q1 25 | 14.25× | 0.76× | ||
| Q4 24 | 9.17× | 1.71× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.01× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
