vs
DT Midstream, Inc.（DTM）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DT Midstream, Inc.的1.6倍（$521.7M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs 34.8%，领先0.2%），SSR MINING INC.同比增速更快（61.4% vs 27.3%），SSR MINING INC.自由现金流更多（$106.4M vs $30.0M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 14.9%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
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。
DTM vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.6倍
$317.0M
营收增速更快
SSRM
高出34.1%
27.3%
净利率更高
DTM
高出0.2%
34.8%
自由现金流更多
SSRM
多$76.4M
$30.0M
两年增速更快
SSRM
近两年复合增速
14.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $521.7M |
| 净利润 | $111.0M | $181.5M |
| 毛利率 | — | — |
| 营业利润率 | 49.2% | 38.8% |
| 净利率 | 35.0% | 34.8% |
| 营收同比 | 27.3% | 61.4% |
| 净利润同比 | 52.1% | 3166.6% |
| 每股收益（稀释后） | $1.07 | $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DTMSSRM
| Q4 25 | $317.0M | $521.7M | ||
| Q3 25 | $314.0M | $385.8M | ||
| Q2 25 | $309.0M | $405.5M | ||
| Q1 25 | $303.0M | $316.6M | ||
| Q4 24 | $249.0M | $323.2M | ||
| Q3 24 | $248.0M | $257.4M | ||
| Q2 24 | $244.0M | $184.8M | ||
| Q1 24 | $240.0M | $230.2M |
净利润DTMSSRM
| Q4 25 | $111.0M | $181.5M | ||
| Q3 25 | $115.0M | $65.4M | ||
| Q2 25 | $107.0M | $90.1M | ||
| Q1 25 | $108.0M | $58.8M | ||
| Q4 24 | $73.0M | $5.6M | ||
| Q3 24 | $88.0M | $10.6M | ||
| Q2 24 | $96.0M | $9.7M | ||
| Q1 24 | $97.0M | $-287.1M |
营业利润率DTMSSRM
| Q4 25 | 49.2% | 38.8% | ||
| Q3 25 | 49.4% | 21.6% | ||
| Q2 25 | 50.2% | 26.9% | ||
| Q1 25 | 48.8% | 21.1% | ||
| Q4 24 | 45.4% | 10.6% | ||
| Q3 24 | 49.2% | 3.5% | ||
| Q2 24 | 53.3% | 5.8% | ||
| Q1 24 | 51.7% | -163.5% |
净利率DTMSSRM
| Q4 25 | 35.0% | 34.8% | ||
| Q3 25 | 36.6% | 17.0% | ||
| Q2 25 | 34.6% | 22.2% | ||
| Q1 25 | 35.6% | 18.6% | ||
| Q4 24 | 29.3% | 1.7% | ||
| Q3 24 | 35.5% | 4.1% | ||
| Q2 24 | 39.3% | 5.2% | ||
| Q1 24 | 40.4% | -124.7% |
每股收益（稀释后）DTMSSRM
| Q4 25 | $1.07 | $0.84 | ||
| Q3 25 | $1.13 | $0.31 | ||
| Q2 25 | $1.04 | $0.42 | ||
| Q1 25 | $1.06 | $0.28 | ||
| Q4 24 | $0.73 | $0.03 | ||
| Q3 24 | $0.90 | $0.05 | ||
| Q2 24 | $0.98 | $0.05 | ||
| Q1 24 | $0.99 | $-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 | $54.0M | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $3.5B |
| 总资产 | $10.1B | $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DTMSSRM
| Q4 25 | $54.0M | $575.6M | ||
| Q3 25 | $98.0M | $445.4M | ||
| Q2 25 | $74.0M | $438.5M | ||
| Q1 25 | $83.0M | $341.3M | ||
| Q4 24 | $68.0M | $417.3M | ||
| Q3 24 | $77.0M | $365.8M | ||
| Q2 24 | $73.0M | $384.4M | ||
| Q1 24 | $41.0M | $492.0M |
总债务DTMSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.4B | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益DTMSSRM
| Q4 25 | $4.7B | $3.5B | ||
| Q3 25 | $4.7B | $3.3B | ||
| Q2 25 | $4.7B | $3.3B | ||
| Q1 25 | $4.6B | $3.2B | ||
| Q4 24 | $4.6B | $3.1B | ||
| Q3 24 | $4.2B | $3.1B | ||
| Q2 24 | $4.2B | $3.1B | ||
| Q1 24 | $4.2B | $3.1B |
总资产DTMSSRM
| Q4 25 | $10.1B | $6.1B | ||
| Q3 25 | $10.1B | $5.9B | ||
| Q2 25 | $10.0B | $5.8B | ||
| Q1 25 | $9.9B | $5.6B | ||
| Q4 24 | $9.9B | $5.2B | ||
| Q3 24 | $8.6B | $5.1B | ||
| Q2 24 | $9.0B | $5.2B | ||
| Q1 24 | $9.0B | $5.3B |
负债/权益比DTMSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.72× | 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 | $161.0M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $106.4M |
| 自由现金流率自由现金流/营收 | 9.5% | 20.4% |
| 资本支出强度资本支出/营收 | 41.3% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.45× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $441.0M | $241.6M |
8季度趋势，按日历期对齐
经营现金流DTMSSRM
| Q4 25 | $161.0M | $172.1M | ||
| Q3 25 | $274.0M | $57.2M | ||
| Q2 25 | $185.0M | $157.8M | ||
| Q1 25 | $247.0M | $84.8M | ||
| Q4 24 | $152.0M | $95.0M | ||
| Q3 24 | $205.0M | $-1.3M | ||
| Q2 24 | $165.0M | $-78.1M | ||
| Q1 24 | $241.0M | $24.6M |
自由现金流DTMSSRM
| Q4 25 | $30.0M | $106.4M | ||
| Q3 25 | $131.0M | $-2.4M | ||
| Q2 25 | $104.0M | $98.4M | ||
| Q1 25 | $176.0M | $39.3M | ||
| Q4 24 | $62.0M | $56.4M | ||
| Q3 24 | $124.0M | $-34.1M | ||
| Q2 24 | $84.0M | $-116.3M | ||
| Q1 24 | $143.0M | $-9.4M |
自由现金流率DTMSSRM
| Q4 25 | 9.5% | 20.4% | ||
| Q3 25 | 41.7% | -0.6% | ||
| Q2 25 | 33.7% | 24.3% | ||
| Q1 25 | 58.1% | 12.4% | ||
| Q4 24 | 24.9% | 17.5% | ||
| Q3 24 | 50.0% | -13.2% | ||
| Q2 24 | 34.4% | -62.9% | ||
| Q1 24 | 59.6% | -4.1% |
资本支出强度DTMSSRM
| Q4 25 | 41.3% | 12.6% | ||
| Q3 25 | 45.5% | 15.4% | ||
| Q2 25 | 26.2% | 14.7% | ||
| Q1 25 | 23.4% | 14.4% | ||
| Q4 24 | 36.1% | 11.9% | ||
| Q3 24 | 32.7% | 12.7% | ||
| Q2 24 | 33.2% | 20.7% | ||
| Q1 24 | 40.8% | 14.8% |
现金转化率DTMSSRM
| Q4 25 | 1.45× | 0.95× | ||
| Q3 25 | 2.38× | 0.87× | ||
| Q2 25 | 1.73× | 1.75× | ||
| Q1 25 | 2.29× | 1.44× | ||
| Q4 24 | 2.08× | 17.10× | ||
| Q3 24 | 2.33× | -0.13× | ||
| Q2 24 | 1.72× | -8.06× | ||
| Q1 24 | 2.48× | — |
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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
