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A.O.史密斯（AOS）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
A.O.史密斯的季度营收约是SSR MINING INC.的1.8倍（$945.6M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 12.5%，领先22.3%），SSR MINING INC.同比增速更快（61.4% vs -2.0%），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -3.9%）
A.O.史密斯是美国知名的家用及商用热水器、锅炉生产商，也是北美规模最大的热水器制造销售商，在亚洲市场还供应水处理和净化产品。公司在全球共有27个站点，包括北美5座生产基地，以及位于印度班加罗尔、中国南京、荷兰费尔德霍芬的工厂。
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。
AOS vs SSRM — 直观对比
营收规模更大
AOS
是对方的1.8倍
$521.7M
营收增速更快
SSRM
高出63.4%
-2.0%
净利率更高
SSRM
高出22.3%
12.5%
两年增速更快
SSRM
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $521.7M |
| 净利润 | $118.0M | $181.5M |
| 毛利率 | 38.7% | — |
| 营业利润率 | — | 38.8% |
| 净利率 | 12.5% | 34.8% |
| 营收同比 | -2.0% | 61.4% |
| 净利润同比 | -14.0% | 3166.6% |
| 每股收益（稀释后） | $0.85 | $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AOSSSRM
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $521.7M | ||
| Q3 25 | $942.5M | $385.8M | ||
| Q2 25 | $1.0B | $405.5M | ||
| Q1 25 | $963.9M | $316.6M | ||
| Q4 24 | $912.4M | $323.2M | ||
| Q3 24 | $902.6M | $257.4M | ||
| Q2 24 | $1.0B | $184.8M |
净利润AOSSSRM
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $181.5M | ||
| Q3 25 | $132.0M | $65.4M | ||
| Q2 25 | $152.2M | $90.1M | ||
| Q1 25 | $136.6M | $58.8M | ||
| Q4 24 | $109.7M | $5.6M | ||
| Q3 24 | $120.1M | $10.6M | ||
| Q2 24 | $156.2M | $9.7M |
毛利率AOSSSRM
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 38.9% | — | ||
| Q4 24 | 37.1% | — | ||
| Q3 24 | 37.4% | — | ||
| Q2 24 | 38.7% | — |
营业利润率AOSSSRM
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 38.8% | ||
| Q3 25 | 18.6% | 21.6% | ||
| Q2 25 | 20.4% | 26.9% | ||
| Q1 25 | 19.1% | 21.1% | ||
| Q4 24 | 10.1% | 10.6% | ||
| Q3 24 | 19.5% | 3.5% | ||
| Q2 24 | 21.9% | 5.8% |
净利率AOSSSRM
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 34.8% | ||
| Q3 25 | 14.0% | 17.0% | ||
| Q2 25 | 15.0% | 22.2% | ||
| Q1 25 | 14.2% | 18.6% | ||
| Q4 24 | 12.0% | 1.7% | ||
| Q3 24 | 13.3% | 4.1% | ||
| Q2 24 | 15.2% | 5.2% |
每股收益（稀释后）AOSSSRM
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $0.84 | ||
| Q3 25 | $0.94 | $0.31 | ||
| Q2 25 | $1.07 | $0.42 | ||
| Q1 25 | $0.95 | $0.28 | ||
| Q4 24 | $0.75 | $0.03 | ||
| Q3 24 | $0.82 | $0.05 | ||
| Q2 24 | $1.06 | $0.05 |
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 | $185.2M | $575.6M |
| 总债务越低越好 | $574.2M | — |
| 股东权益账面价值 | $1.9B | $3.5B |
| 总资产 | $3.7B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSSSRM
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $575.6M | ||
| Q3 25 | $172.8M | $445.4M | ||
| Q2 25 | $177.9M | $438.5M | ||
| Q1 25 | $200.2M | $341.3M | ||
| Q4 24 | $276.1M | $417.3M | ||
| Q3 24 | $255.6M | $365.8M | ||
| Q2 24 | $233.3M | $384.4M |
总债务AOSSSRM
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | — | $228.0M |
股东权益AOSSSRM
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $3.5B | ||
| Q3 25 | $1.8B | $3.3B | ||
| Q2 25 | $1.8B | $3.3B | ||
| Q1 25 | $1.9B | $3.2B | ||
| Q4 24 | $1.9B | $3.1B | ||
| Q3 24 | $1.9B | $3.1B | ||
| Q2 24 | $1.9B | $3.1B |
总资产AOSSSRM
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $6.1B | ||
| Q3 25 | $3.2B | $5.9B | ||
| Q2 25 | $3.2B | $5.8B | ||
| Q1 25 | $3.3B | $5.6B | ||
| Q4 24 | $3.2B | $5.2B | ||
| Q3 24 | $3.2B | $5.1B | ||
| Q2 24 | $3.2B | $5.2B |
负债/权益比AOSSSRM
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 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 | — | $172.1M |
| 自由现金流经营现金流 - 资本支出 | — | $106.4M |
| 自由现金流率自由现金流/营收 | — | 20.4% |
| 资本支出强度资本支出/营收 | 1.1% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 0.95× |
| 过去12个月自由现金流最近4个季度 | — | $241.6M |
8季度趋势，按日历期对齐
经营现金流AOSSSRM
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $172.1M | ||
| Q3 25 | $255.4M | $57.2M | ||
| Q2 25 | $139.6M | $157.8M | ||
| Q1 25 | $38.7M | $84.8M | ||
| Q4 24 | $221.9M | $95.0M | ||
| Q3 24 | $195.9M | $-1.3M | ||
| Q2 24 | $57.4M | $-78.1M |
自由现金流AOSSSRM
| Q1 26 | — | — | ||
| Q4 25 | $165.5M | $106.4M | ||
| Q3 25 | $240.6M | $-2.4M | ||
| Q2 25 | $122.5M | $98.4M | ||
| Q1 25 | $17.4M | $39.3M | ||
| Q4 24 | $191.3M | $56.4M | ||
| Q3 24 | $163.4M | $-34.1M | ||
| Q2 24 | $34.5M | $-116.3M |
自由现金流率AOSSSRM
| Q1 26 | — | — | ||
| Q4 25 | 18.1% | 20.4% | ||
| Q3 25 | 25.5% | -0.6% | ||
| Q2 25 | 12.1% | 24.3% | ||
| Q1 25 | 1.8% | 12.4% | ||
| Q4 24 | 21.0% | 17.5% | ||
| Q3 24 | 18.1% | -13.2% | ||
| Q2 24 | 3.4% | -62.9% |
资本支出强度AOSSSRM
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 12.6% | ||
| Q3 25 | 1.6% | 15.4% | ||
| Q2 25 | 1.7% | 14.7% | ||
| Q1 25 | 2.2% | 14.4% | ||
| Q4 24 | 3.4% | 11.9% | ||
| Q3 24 | 3.6% | 12.7% | ||
| Q2 24 | 2.2% | 20.7% |
现金转化率AOSSSRM
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 0.95× | ||
| Q3 25 | 1.93× | 0.87× | ||
| Q2 25 | 0.92× | 1.75× | ||
| Q1 25 | 0.28× | 1.44× | ||
| Q4 24 | 2.02× | 17.10× | ||
| Q3 24 | 1.63× | -0.13× | ||
| Q2 24 | 0.37× | -8.06× |
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
AOS
暂无分部数据
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
