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Global Business Travel Group, Inc.（GBTG）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
Global Business Travel Group, Inc.的季度营收约是SSR MINING INC.的1.5倍（$792.0M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 10.5%，领先24.3%），SSR MINING INC.同比增速更快（61.4% vs 34.0%），SSR MINING INC.自由现金流更多（$106.4M vs $13.0M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 13.9%）
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
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。
GBTG vs SSRM — 直观对比
营收规模更大
GBTG
是对方的1.5倍
$521.7M
营收增速更快
SSRM
高出27.4%
34.0%
净利率更高
SSRM
高出24.3%
10.5%
自由现金流更多
SSRM
多$93.4M
$13.0M
两年增速更快
SSRM
近两年复合增速
13.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $521.7M |
| 净利润 | $83.0M | $181.5M |
| 毛利率 | — | — |
| 营业利润率 | 3.7% | 38.8% |
| 净利率 | 10.5% | 34.8% |
| 营收同比 | 34.0% | 61.4% |
| 净利润同比 | 692.9% | 3166.6% |
| 每股收益（稀释后） | $0.16 | $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GBTGSSRM
| Q4 25 | $792.0M | $521.7M | ||
| Q3 25 | $674.0M | $385.8M | ||
| Q2 25 | $631.0M | $405.5M | ||
| Q1 25 | $621.0M | $316.6M | ||
| Q4 24 | $591.0M | $323.2M | ||
| Q3 24 | $597.0M | $257.4M | ||
| Q2 24 | $625.0M | $184.8M | ||
| Q1 24 | $610.0M | $230.2M |
净利润GBTGSSRM
| Q4 25 | $83.0M | $181.5M | ||
| Q3 25 | $-62.0M | $65.4M | ||
| Q2 25 | $15.0M | $90.1M | ||
| Q1 25 | $75.0M | $58.8M | ||
| Q4 24 | $-14.0M | $5.6M | ||
| Q3 24 | $-128.0M | $10.6M | ||
| Q2 24 | $27.0M | $9.7M | ||
| Q1 24 | $-19.0M | $-287.1M |
营业利润率GBTGSSRM
| Q4 25 | 3.7% | 38.8% | ||
| Q3 25 | 1.8% | 21.6% | ||
| Q2 25 | 5.4% | 26.9% | ||
| Q1 25 | 8.9% | 21.1% | ||
| Q4 24 | 5.1% | 10.6% | ||
| Q3 24 | 4.5% | 3.5% | ||
| Q2 24 | 6.7% | 5.8% | ||
| Q1 24 | 2.6% | -163.5% |
净利率GBTGSSRM
| Q4 25 | 10.5% | 34.8% | ||
| Q3 25 | -9.2% | 17.0% | ||
| Q2 25 | 2.4% | 22.2% | ||
| Q1 25 | 12.1% | 18.6% | ||
| Q4 24 | -2.4% | 1.7% | ||
| Q3 24 | -21.4% | 4.1% | ||
| Q2 24 | 4.3% | 5.2% | ||
| Q1 24 | -3.1% | -124.7% |
每股收益（稀释后）GBTGSSRM
| Q4 25 | $0.16 | $0.84 | ||
| Q3 25 | $-0.13 | $0.31 | ||
| Q2 25 | $0.03 | $0.42 | ||
| Q1 25 | $0.16 | $0.28 | ||
| Q4 24 | $-0.04 | $0.03 | ||
| Q3 24 | $-0.28 | $0.05 | ||
| Q2 24 | $0.06 | $0.05 | ||
| Q1 24 | $-0.04 | $-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 | $434.0M | $575.6M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.6B | $3.5B |
| 总资产 | $4.9B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.88× | — |
8季度趋势，按日历期对齐
现金及短期投资GBTGSSRM
| Q4 25 | $434.0M | $575.6M | ||
| Q3 25 | $427.0M | $445.4M | ||
| Q2 25 | $601.0M | $438.5M | ||
| Q1 25 | $552.0M | $341.3M | ||
| Q4 24 | $536.0M | $417.3M | ||
| Q3 24 | $524.0M | $365.8M | ||
| Q2 24 | $515.0M | $384.4M | ||
| Q1 24 | $475.0M | $492.0M |
总债务GBTGSSRM
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $228.6M | ||
| Q3 24 | $1.4B | $228.3M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益GBTGSSRM
| Q4 25 | $1.6B | $3.5B | ||
| Q3 25 | $1.5B | $3.3B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.1B | $3.2B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $1.2B | $3.1B | ||
| Q1 24 | $1.2B | $3.1B |
总资产GBTGSSRM
| Q4 25 | $4.9B | $6.1B | ||
| Q3 25 | $4.8B | $5.9B | ||
| Q2 25 | $3.9B | $5.8B | ||
| Q1 25 | $3.8B | $5.6B | ||
| Q4 24 | $3.6B | $5.2B | ||
| Q3 24 | $3.8B | $5.1B | ||
| Q2 24 | $3.8B | $5.2B | ||
| Q1 24 | $3.8B | $5.3B |
负债/权益比GBTGSSRM
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.32× | 0.07× | ||
| Q3 24 | 1.26× | 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 | $52.0M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $106.4M |
| 自由现金流率自由现金流/营收 | 1.6% | 20.4% |
| 资本支出强度资本支出/营收 | 4.9% | 12.6% |
| 现金转化率经营现金流/净利润 | 0.63× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $104.0M | $241.6M |
8季度趋势，按日历期对齐
经营现金流GBTGSSRM
| Q4 25 | $52.0M | $172.1M | ||
| Q3 25 | $71.0M | $57.2M | ||
| Q2 25 | $57.0M | $157.8M | ||
| Q1 25 | $53.0M | $84.8M | ||
| Q4 24 | $65.0M | $95.0M | ||
| Q3 24 | $85.0M | $-1.3M | ||
| Q2 24 | $73.0M | $-78.1M | ||
| Q1 24 | $49.0M | $24.6M |
自由现金流GBTGSSRM
| Q4 25 | $13.0M | $106.4M | ||
| Q3 25 | $38.0M | $-2.4M | ||
| Q2 25 | $27.0M | $98.4M | ||
| Q1 25 | $26.0M | $39.3M | ||
| Q4 24 | $33.0M | $56.4M | ||
| Q3 24 | $59.0M | $-34.1M | ||
| Q2 24 | $49.0M | $-116.3M | ||
| Q1 24 | $24.0M | $-9.4M |
自由现金流率GBTGSSRM
| Q4 25 | 1.6% | 20.4% | ||
| Q3 25 | 5.6% | -0.6% | ||
| Q2 25 | 4.3% | 24.3% | ||
| Q1 25 | 4.2% | 12.4% | ||
| Q4 24 | 5.6% | 17.5% | ||
| Q3 24 | 9.9% | -13.2% | ||
| Q2 24 | 7.8% | -62.9% | ||
| Q1 24 | 3.9% | -4.1% |
资本支出强度GBTGSSRM
| Q4 25 | 4.9% | 12.6% | ||
| Q3 25 | 4.9% | 15.4% | ||
| Q2 25 | 4.8% | 14.7% | ||
| Q1 25 | 4.3% | 14.4% | ||
| Q4 24 | 5.4% | 11.9% | ||
| Q3 24 | 4.4% | 12.7% | ||
| Q2 24 | 3.8% | 20.7% | ||
| Q1 24 | 4.1% | 14.8% |
现金转化率GBTGSSRM
| Q4 25 | 0.63× | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | 3.80× | 1.75× | ||
| Q1 25 | 0.71× | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | 2.70× | -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
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
