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BILL Holdings, Inc.（BILL）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
SSR MINING INC.的季度营收约是BILL Holdings, Inc.的1.3倍（$521.7M vs $414.7M），SSR MINING INC.净利率更高（34.8% vs -0.6%，领先35.4%），SSR MINING INC.同比增速更快（61.4% vs 14.4%），SSR MINING INC.自由现金流更多（$106.4M vs $103.8M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 13.3%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
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。
BILL vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.3倍
$414.7M
营收增速更快
SSRM
高出47.1%
14.4%
净利率更高
SSRM
高出35.4%
-0.6%
自由现金流更多
SSRM
多$2.5M
$103.8M
两年增速更快
SSRM
近两年复合增速
13.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $521.7M |
| 净利润 | $-2.6M | $181.5M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | 38.8% |
| 净利率 | -0.6% | 34.8% |
| 营收同比 | 14.4% | 61.4% |
| 净利润同比 | -107.7% | 3166.6% |
| 每股收益（稀释后） | $-0.03 | $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BILLSSRM
| Q4 25 | $414.7M | $521.7M | ||
| Q3 25 | $395.7M | $385.8M | ||
| Q2 25 | $383.3M | $405.5M | ||
| Q1 25 | $358.2M | $316.6M | ||
| Q4 24 | $362.6M | $323.2M | ||
| Q3 24 | $358.4M | $257.4M | ||
| Q2 24 | $343.7M | $184.8M | ||
| Q1 24 | $323.0M | $230.2M |
净利润BILLSSRM
| Q4 25 | $-2.6M | $181.5M | ||
| Q3 25 | $-3.0M | $65.4M | ||
| Q2 25 | $-7.1M | $90.1M | ||
| Q1 25 | $-11.6M | $58.8M | ||
| Q4 24 | $33.5M | $5.6M | ||
| Q3 24 | $8.9M | $10.6M | ||
| Q2 24 | $7.6M | $9.7M | ||
| Q1 24 | $31.8M | $-287.1M |
毛利率BILLSSRM
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 81.0% | — | ||
| Q1 24 | 83.0% | — |
营业利润率BILLSSRM
| Q4 25 | -4.4% | 38.8% | ||
| Q3 25 | -5.2% | 21.6% | ||
| Q2 25 | -5.8% | 26.9% | ||
| Q1 25 | -8.1% | 21.1% | ||
| Q4 24 | -6.0% | 10.6% | ||
| Q3 24 | -2.1% | 3.5% | ||
| Q2 24 | -6.5% | 5.8% | ||
| Q1 24 | -8.6% | -163.5% |
净利率BILLSSRM
| Q4 25 | -0.6% | 34.8% | ||
| Q3 25 | -0.7% | 17.0% | ||
| Q2 25 | -1.8% | 22.2% | ||
| Q1 25 | -3.2% | 18.6% | ||
| Q4 24 | 9.3% | 1.7% | ||
| Q3 24 | 2.5% | 4.1% | ||
| Q2 24 | 2.2% | 5.2% | ||
| Q1 24 | 9.8% | -124.7% |
每股收益（稀释后）BILLSSRM
| Q4 25 | $-0.03 | $0.84 | ||
| Q3 25 | $-0.03 | $0.31 | ||
| Q2 25 | $0.02 | $0.42 | ||
| Q1 25 | $-0.11 | $0.28 | ||
| Q4 24 | $-0.06 | $0.03 | ||
| Q3 24 | $0.08 | $0.05 | ||
| Q2 24 | $0.37 | $0.05 | ||
| Q1 24 | $0.00 | $-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 | $1.1B | $575.6M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $3.5B |
| 总资产 | $10.1B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资BILLSSRM
| Q4 25 | $1.1B | $575.6M | ||
| Q3 25 | $1.1B | $445.4M | ||
| Q2 25 | $1.0B | $438.5M | ||
| Q1 25 | $1.0B | $341.3M | ||
| Q4 24 | $1.6B | $417.3M | ||
| Q3 24 | $853.5M | $365.8M | ||
| Q2 24 | $985.9M | $384.4M | ||
| Q1 24 | $952.5M | $492.0M |
总债务BILLSSRM
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | $228.6M | ||
| Q3 24 | $914.8M | $228.3M | ||
| Q2 24 | $914.0M | $228.0M | ||
| Q1 24 | $1.1B | $228.7M |
股东权益BILLSSRM
| Q4 25 | $3.8B | $3.5B | ||
| Q3 25 | $3.9B | $3.3B | ||
| Q2 25 | $3.9B | $3.3B | ||
| Q1 25 | $3.9B | $3.2B | ||
| Q4 24 | $3.8B | $3.1B | ||
| Q3 24 | $4.0B | $3.1B | ||
| Q2 24 | $4.1B | $3.1B | ||
| Q1 24 | $4.1B | $3.1B |
总资产BILLSSRM
| Q4 25 | $10.1B | $6.1B | ||
| Q3 25 | $10.2B | $5.9B | ||
| Q2 25 | $10.1B | $5.8B | ||
| Q1 25 | $9.6B | $5.6B | ||
| Q4 24 | $9.7B | $5.2B | ||
| Q3 24 | $9.0B | $5.1B | ||
| Q2 24 | $9.2B | $5.2B | ||
| Q1 24 | $9.1B | $5.3B |
负债/权益比BILLSSRM
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | 0.07× | ||
| Q3 24 | 0.23× | 0.07× | ||
| Q2 24 | 0.22× | 0.07× | ||
| Q1 24 | 0.28× | 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 | $105.3M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $106.4M |
| 自由现金流率自由现金流/营收 | 25.0% | 20.4% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $378.8M | $241.6M |
8季度趋势，按日历期对齐
经营现金流BILLSSRM
| Q4 25 | $105.3M | $172.1M | ||
| Q3 25 | $96.9M | $57.2M | ||
| Q2 25 | $83.8M | $157.8M | ||
| Q1 25 | $99.5M | $84.8M | ||
| Q4 24 | $78.7M | $95.0M | ||
| Q3 24 | $88.6M | $-1.3M | ||
| Q2 24 | $78.6M | $-78.1M | ||
| Q1 24 | $66.8M | $24.6M |
自由现金流BILLSSRM
| Q4 25 | $103.8M | $106.4M | ||
| Q3 25 | $95.6M | $-2.4M | ||
| Q2 25 | $81.0M | $98.4M | ||
| Q1 25 | $98.4M | $39.3M | ||
| Q4 24 | $78.3M | $56.4M | ||
| Q3 24 | $88.6M | $-34.1M | ||
| Q2 24 | $78.4M | $-116.3M | ||
| Q1 24 | $66.8M | $-9.4M |
自由现金流率BILLSSRM
| Q4 25 | 25.0% | 20.4% | ||
| Q3 25 | 24.1% | -0.6% | ||
| Q2 25 | 21.1% | 24.3% | ||
| Q1 25 | 27.5% | 12.4% | ||
| Q4 24 | 21.6% | 17.5% | ||
| Q3 24 | 24.7% | -13.2% | ||
| Q2 24 | 22.8% | -62.9% | ||
| Q1 24 | 20.7% | -4.1% |
资本支出强度BILLSSRM
| Q4 25 | 0.4% | 12.6% | ||
| Q3 25 | 0.3% | 15.4% | ||
| Q2 25 | 0.7% | 14.7% | ||
| Q1 25 | 0.3% | 14.4% | ||
| Q4 24 | 0.1% | 11.9% | ||
| Q3 24 | 0.0% | 12.7% | ||
| Q2 24 | 0.1% | 20.7% | ||
| Q1 24 | 0.0% | 14.8% |
现金转化率BILLSSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 2.35× | 17.10× | ||
| Q3 24 | 9.94× | -0.13× | ||
| Q2 24 | 10.35× | -8.06× | ||
| Q1 24 | 2.10× | — |
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
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
