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化石集团（FOSL）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.的季度营收约是化石集团的1.9倍（$521.7M vs $270.2M），SSR MINING INC.净利率更高（34.8% vs -14.8%，领先49.6%），SSR MINING INC.同比增速更快（61.4% vs -21.1%），SSR MINING INC.自由现金流更多（$106.4M vs $-22.5M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -11.4%）
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
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。
FOSL vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.9倍
$270.2M
营收增速更快
SSRM
高出82.5%
-21.1%
净利率更高
SSRM
高出49.6%
-14.8%
自由现金流更多
SSRM
多$128.9M
$-22.5M
两年增速更快
SSRM
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $521.7M |
| 净利润 | $-40.0M | $181.5M |
| 毛利率 | 49.0% | — |
| 营业利润率 | -8.0% | 38.8% |
| 净利率 | -14.8% | 34.8% |
| 营收同比 | -21.1% | 61.4% |
| 净利润同比 | -257.8% | 3166.6% |
| 每股收益（稀释后） | $-0.76 | $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FOSLSSRM
| Q4 25 | $270.2M | $521.7M | ||
| Q3 25 | $220.4M | $385.8M | ||
| Q2 25 | $233.3M | $405.5M | ||
| Q1 25 | — | $316.6M | ||
| Q4 24 | $342.3M | $323.2M | ||
| Q3 24 | $287.8M | $257.4M | ||
| Q2 24 | $260.0M | $184.8M | ||
| Q1 24 | $254.9M | $230.2M |
净利润FOSLSSRM
| Q4 25 | $-40.0M | $181.5M | ||
| Q3 25 | $-2.1M | $65.4M | ||
| Q2 25 | $-17.9M | $90.1M | ||
| Q1 25 | — | $58.8M | ||
| Q4 24 | $-11.2M | $5.6M | ||
| Q3 24 | $-31.9M | $10.6M | ||
| Q2 24 | $-38.8M | $9.7M | ||
| Q1 24 | $-24.3M | $-287.1M |
毛利率FOSLSSRM
| Q4 25 | 49.0% | — | ||
| Q3 25 | 57.5% | — | ||
| Q2 25 | 61.3% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 49.4% | — | ||
| Q2 24 | 52.6% | — | ||
| Q1 24 | 52.4% | — |
营业利润率FOSLSSRM
| Q4 25 | -8.0% | 38.8% | ||
| Q3 25 | 3.9% | 21.6% | ||
| Q2 25 | -2.9% | 26.9% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | -4.8% | 10.6% | ||
| Q3 24 | -8.5% | 3.5% | ||
| Q2 24 | -13.1% | 5.8% | ||
| Q1 24 | -11.5% | -163.5% |
净利率FOSLSSRM
| Q4 25 | -14.8% | 34.8% | ||
| Q3 25 | -1.0% | 17.0% | ||
| Q2 25 | -7.7% | 22.2% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | -3.3% | 1.7% | ||
| Q3 24 | -11.1% | 4.1% | ||
| Q2 24 | -14.9% | 5.2% | ||
| Q1 24 | -9.5% | -124.7% |
每股收益（稀释后）FOSLSSRM
| Q4 25 | $-0.76 | $0.84 | ||
| Q3 25 | $-0.04 | $0.31 | ||
| Q2 25 | $-0.33 | $0.42 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | $-0.15 | $0.03 | ||
| Q3 24 | $-0.60 | $0.05 | ||
| Q2 24 | $-0.73 | $0.05 | ||
| Q1 24 | $-0.46 | $-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 | $79.2M | $575.6M |
| 总债务越低越好 | $169.1M | — |
| 股东权益账面价值 | $112.6M | $3.5B |
| 总资产 | $701.0M | $6.1B |
| 负债/权益比越低杠杆越低 | 1.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FOSLSSRM
| Q4 25 | $79.2M | $575.6M | ||
| Q3 25 | $109.9M | $445.4M | ||
| Q2 25 | $78.3M | $438.5M | ||
| Q1 25 | — | $341.3M | ||
| Q4 24 | $123.6M | $417.3M | ||
| Q3 24 | $106.3M | $365.8M | ||
| Q2 24 | $104.9M | $384.4M | ||
| Q1 24 | $112.9M | $492.0M |
总债务FOSLSSRM
| Q4 25 | $169.1M | — | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $162.7M | $228.6M | ||
| Q3 24 | $173.4M | $228.3M | ||
| Q2 24 | $156.5M | $228.0M | ||
| Q1 24 | $202.9M | $228.7M |
股东权益FOSLSSRM
| Q4 25 | $112.6M | $3.5B | ||
| Q3 25 | $150.3M | $3.3B | ||
| Q2 25 | $140.6M | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $148.7M | $3.1B | ||
| Q3 24 | $164.4M | $3.1B | ||
| Q2 24 | $189.6M | $3.1B | ||
| Q1 24 | $229.1M | $3.1B |
总资产FOSLSSRM
| Q4 25 | $701.0M | $6.1B | ||
| Q3 25 | $704.5M | $5.9B | ||
| Q2 25 | $686.0M | $5.8B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | $763.6M | $5.2B | ||
| Q3 24 | $812.4M | $5.1B | ||
| Q2 24 | $785.7M | $5.2B | ||
| Q1 24 | $891.0M | $5.3B |
负债/权益比FOSLSSRM
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.09× | 0.07× | ||
| Q3 24 | 1.06× | 0.07× | ||
| Q2 24 | 0.83× | 0.07× | ||
| Q1 24 | 0.89× | 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 | $-22.2M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | $106.4M |
| 自由现金流率自由现金流/营收 | -8.3% | 20.4% |
| 资本支出强度资本支出/营收 | 0.1% | 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 | $-46.0M | $241.6M |
8季度趋势，按日历期对齐
经营现金流FOSLSSRM
| Q4 25 | $-22.2M | $172.1M | ||
| Q3 25 | $9.4M | $57.2M | ||
| Q2 25 | $-60.4M | $157.8M | ||
| Q1 25 | — | $84.8M | ||
| Q4 24 | $30.5M | $95.0M | ||
| Q3 24 | $-22.8M | $-1.3M | ||
| Q2 24 | $38.4M | $-78.1M | ||
| Q1 24 | $622.0K | $24.6M |
自由现金流FOSLSSRM
| Q4 25 | $-22.5M | $106.4M | ||
| Q3 25 | $8.6M | $-2.4M | ||
| Q2 25 | $-60.6M | $98.4M | ||
| Q1 25 | — | $39.3M | ||
| Q4 24 | $28.5M | $56.4M | ||
| Q3 24 | $-24.1M | $-34.1M | ||
| Q2 24 | $36.6M | $-116.3M | ||
| Q1 24 | $-1.1M | $-9.4M |
自由现金流率FOSLSSRM
| Q4 25 | -8.3% | 20.4% | ||
| Q3 25 | 3.9% | -0.6% | ||
| Q2 25 | -26.0% | 24.3% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | 8.3% | 17.5% | ||
| Q3 24 | -8.4% | -13.2% | ||
| Q2 24 | 14.1% | -62.9% | ||
| Q1 24 | -0.4% | -4.1% |
资本支出强度FOSLSSRM
| Q4 25 | 0.1% | 12.6% | ||
| Q3 25 | 0.4% | 15.4% | ||
| Q2 25 | 0.1% | 14.7% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | 0.6% | 11.9% | ||
| Q3 24 | 0.4% | 12.7% | ||
| Q2 24 | 0.7% | 20.7% | ||
| Q1 24 | 0.7% | 14.8% |
现金转化率FOSLSSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | — | -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
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
