vs
CrossAmerica Partners LP（CAPL）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
CrossAmerica Partners LP的季度营收约是SSR MINING INC.的1.7倍（$866.3M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 1.2%，领先33.6%），SSR MINING INC.同比增速更快（61.4% vs -8.3%），SSR MINING INC.自由现金流更多（$106.4M vs $22.4M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -4.1%）
塔峰资本合伙人（TowerBrook Capital Partners）是一家总部位于伦敦和纽约的投资管理公司，2005年从索罗斯基金管理分拆独立。该机构主打私募股权及结构性机会投资，曾收购奢侈品品牌Jimmy Choo控股权，截至2025年其管理规模超250亿美元，官网公示在管投资项目共110个。
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。
CAPL vs SSRM — 直观对比
营收规模更大
CAPL
是对方的1.7倍
$521.7M
营收增速更快
SSRM
高出69.7%
-8.3%
净利率更高
SSRM
高出33.6%
1.2%
自由现金流更多
SSRM
多$84.0M
$22.4M
两年增速更快
SSRM
近两年复合增速
-4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $866.3M | $521.7M |
| 净利润 | $10.2M | $181.5M |
| 毛利率 | 12.4% | — |
| 营业利润率 | 3.0% | 38.8% |
| 净利率 | 1.2% | 34.8% |
| 营收同比 | -8.3% | 61.4% |
| 净利润同比 | -39.6% | 3166.6% |
| 每股收益（稀释后） | $0.24 | $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CAPLSSRM
| Q4 25 | $866.3M | $521.7M | ||
| Q3 25 | $971.8M | $385.8M | ||
| Q2 25 | $961.9M | $405.5M | ||
| Q1 25 | $862.5M | $316.6M | ||
| Q4 24 | $944.2M | $323.2M | ||
| Q3 24 | $1.1B | $257.4M | ||
| Q2 24 | $1.1B | $184.8M | ||
| Q1 24 | $941.5M | $230.2M |
净利润CAPLSSRM
| Q4 25 | $10.2M | $181.5M | ||
| Q3 25 | $13.6M | $65.4M | ||
| Q2 25 | $25.2M | $90.1M | ||
| Q1 25 | $-7.1M | $58.8M | ||
| Q4 24 | $16.9M | $5.6M | ||
| Q3 24 | $10.7M | $10.6M | ||
| Q2 24 | $12.4M | $9.7M | ||
| Q1 24 | $-17.5M | $-287.1M |
毛利率CAPLSSRM
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CAPLSSRM
| Q4 25 | 3.0% | 38.8% | ||
| Q3 25 | 2.9% | 21.6% | ||
| Q2 25 | 4.3% | 26.9% | ||
| Q1 25 | 0.2% | 21.1% | ||
| Q4 24 | 3.0% | 10.6% | ||
| Q3 24 | 2.5% | 3.5% | ||
| Q2 24 | 2.5% | 5.8% | ||
| Q1 24 | -1.4% | -163.5% |
净利率CAPLSSRM
| Q4 25 | 1.2% | 34.8% | ||
| Q3 25 | 1.4% | 17.0% | ||
| Q2 25 | 2.6% | 22.2% | ||
| Q1 25 | -0.8% | 18.6% | ||
| Q4 24 | 1.8% | 1.7% | ||
| Q3 24 | 1.0% | 4.1% | ||
| Q2 24 | 1.1% | 5.2% | ||
| Q1 24 | -1.9% | -124.7% |
每股收益（稀释后）CAPLSSRM
| Q4 25 | $0.24 | $0.84 | ||
| Q3 25 | $0.34 | $0.31 | ||
| Q2 25 | $0.64 | $0.42 | ||
| Q1 25 | $-0.20 | $0.28 | ||
| Q4 24 | $0.42 | $0.03 | ||
| Q3 24 | $0.27 | $0.05 | ||
| Q2 24 | $0.31 | $0.05 | ||
| Q1 24 | $-0.48 | $-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 | $3.1M | $575.6M |
| 总债务越低越好 | $687.2M | — |
| 股东权益账面价值 | — | $3.5B |
| 总资产 | $964.7M | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CAPLSSRM
| Q4 25 | $3.1M | $575.6M | ||
| Q3 25 | $5.8M | $445.4M | ||
| Q2 25 | $9.7M | $438.5M | ||
| Q1 25 | $6.7M | $341.3M | ||
| Q4 24 | $3.4M | $417.3M | ||
| Q3 24 | $7.8M | $365.8M | ||
| Q2 24 | $5.5M | $384.4M | ||
| Q1 24 | $6.3M | $492.0M |
总债务CAPLSSRM
| Q4 25 | $687.2M | — | ||
| Q3 25 | $700.8M | — | ||
| Q2 25 | $722.7M | — | ||
| Q1 25 | $774.1M | — | ||
| Q4 24 | $763.9M | $228.6M | ||
| Q3 24 | $769.2M | $228.3M | ||
| Q2 24 | $786.7M | $228.0M | ||
| Q1 24 | $795.8M | $228.7M |
股东权益CAPLSSRM
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
总资产CAPLSSRM
| Q4 25 | $964.7M | $6.1B | ||
| Q3 25 | $998.9M | $5.9B | ||
| Q2 25 | $1.0B | $5.8B | ||
| Q1 25 | $1.1B | $5.6B | ||
| Q4 24 | $1.1B | $5.2B | ||
| Q3 24 | $1.1B | $5.1B | ||
| Q2 24 | $1.2B | $5.2B | ||
| Q1 24 | $1.2B | $5.3B |
负债/权益比CAPLSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× | ||
| Q1 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 | $29.4M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $106.4M |
| 自由现金流率自由现金流/营收 | 2.6% | 20.4% |
| 资本支出强度资本支出/营收 | 0.8% | 12.6% |
| 现金转化率经营现金流/净利润 | 2.89× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $55.8M | $241.6M |
8季度趋势，按日历期对齐
经营现金流CAPLSSRM
| Q4 25 | $29.4M | $172.1M | ||
| Q3 25 | $24.4M | $57.2M | ||
| Q2 25 | $22.6M | $157.8M | ||
| Q1 25 | $15.0M | $84.8M | ||
| Q4 24 | $11.1M | $95.0M | ||
| Q3 24 | $41.9M | $-1.3M | ||
| Q2 24 | $28.9M | $-78.1M | ||
| Q1 24 | $5.8M | $24.6M |
自由现金流CAPLSSRM
| Q4 25 | $22.4M | $106.4M | ||
| Q3 25 | $17.7M | $-2.4M | ||
| Q2 25 | $10.8M | $98.4M | ||
| Q1 25 | $4.9M | $39.3M | ||
| Q4 24 | $3.9M | $56.4M | ||
| Q3 24 | $34.2M | $-34.1M | ||
| Q2 24 | $23.6M | $-116.3M | ||
| Q1 24 | $-289.0K | $-9.4M |
自由现金流率CAPLSSRM
| Q4 25 | 2.6% | 20.4% | ||
| Q3 25 | 1.8% | -0.6% | ||
| Q2 25 | 1.1% | 24.3% | ||
| Q1 25 | 0.6% | 12.4% | ||
| Q4 24 | 0.4% | 17.5% | ||
| Q3 24 | 3.2% | -13.2% | ||
| Q2 24 | 2.1% | -62.9% | ||
| Q1 24 | -0.0% | -4.1% |
资本支出强度CAPLSSRM
| Q4 25 | 0.8% | 12.6% | ||
| Q3 25 | 0.7% | 15.4% | ||
| Q2 25 | 1.2% | 14.7% | ||
| Q1 25 | 1.2% | 14.4% | ||
| Q4 24 | 0.8% | 11.9% | ||
| Q3 24 | 0.7% | 12.7% | ||
| Q2 24 | 0.5% | 20.7% | ||
| Q1 24 | 0.6% | 14.8% |
现金转化率CAPLSSRM
| Q4 25 | 2.89× | 0.95× | ||
| Q3 25 | 1.79× | 0.87× | ||
| Q2 25 | 0.90× | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 0.66× | 17.10× | ||
| Q3 24 | 3.92× | -0.13× | ||
| Q2 24 | 2.33× | -8.06× | ||
| Q1 24 | — | — |
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
CAPL
| Retail Segment | $505.3M | 58% |
| Wholesale | $360.9M | 42% |
| Other | $1.2M | 0% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
