vs
Hudbay Minerals Inc.（HBM）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
南方铜业的季度营收约是Hudbay Minerals Inc.的1.9倍（$3.9B vs $2.0B）。南方铜业净利率更高（33.9% vs 3.4%，领先30.5%）。过去两年Hudbay Minerals Inc.的营收复合增速更高（161.7% vs 22.0%）
哈德贝矿业是加拿大矿业企业，主营铜、金、银、锌、钼等矿产的生产开采。2024年公司铜产量达13.79万吨、黄金33.22万盎司、白银398.39万盎司、锌3.33万吨、钼1323吨，当年营收中铜销售占比57%，黄金占33%，锌占4%。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
HBM vs SCCO — 直观对比
营收规模更大
SCCO
是对方的1.9倍
$2.0B
净利率更高
SCCO
高出30.5%
3.4%
两年增速更快
HBM
近两年复合增速
22.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $3.9B |
| 净利润 | $67.8M | $1.3B |
| 毛利率 | 27.4% | 62.0% |
| 营业利润率 | — | 54.5% |
| 净利率 | 3.4% | 33.9% |
| 营收同比 | — | 39.0% |
| 净利润同比 | — | 64.7% |
| 每股收益（稀释后） | — | $1.49 |
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HBMSCCO
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.5B | $3.9B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $110.9K | $3.1B | ||
| Q1 25 | $525.0M | $3.1B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $5.3K | $2.9B | ||
| Q2 24 | $113.3K | $3.1B |
净利润HBMSCCO
| Q1 26 | $67.8M | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $976.7M | ||
| Q1 25 | $18.5M | $949.1M | ||
| Q4 24 | — | $796.2M | ||
| Q3 24 | — | $899.8M | ||
| Q2 24 | — | $953.8M |
毛利率HBMSCCO
| Q1 26 | 27.4% | — | ||
| Q4 25 | — | 62.0% | ||
| Q3 25 | — | 59.8% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | 29.0% | 57.7% | ||
| Q4 24 | — | 56.5% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 59.9% |
营业利润率HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | 54.5% | ||
| Q3 25 | — | 52.4% | ||
| Q2 25 | — | 52.0% | ||
| Q1 25 | — | 49.2% | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 49.5% | ||
| Q2 24 | — | 51.5% |
净利率HBMSCCO
| Q1 26 | 3.4% | — | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | 3.5% | 30.4% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 30.6% |
每股收益（稀释后）HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.49 | ||
| Q3 25 | — | $1.35 | ||
| Q2 25 | — | $1.21 | ||
| Q1 25 | — | $1.19 | ||
| Q4 24 | — | $1.02 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | — | $1.22 |
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 | — | $4.9B |
| 总债务越低越好 | — | $6.8B |
| 股东权益账面价值 | — | $11.0B |
| 总资产 | — | $21.4B |
| 负债/权益比越低杠杆越低 | — | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $3.5B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $2.2B |
总债务HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $6.3B |
股东权益HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | $11.0B | ||
| Q3 25 | — | $10.4B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | — | $9.6B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $8.5B |
总资产HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | $21.4B | ||
| Q3 25 | — | $20.3B | ||
| Q2 25 | — | $19.6B | ||
| Q1 25 | — | $19.8B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | — | $18.4B | ||
| Q2 24 | — | $17.8B |
负债/权益比HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.74× |
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 | — | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 27.7% |
| 资本支出强度资本支出/营收 | — | 10.9% |
| 现金转化率经营现金流/净利润 | — | 1.14× |
| 过去12个月自由现金流最近4个季度 | — | $3.4B |
8季度趋势，按日历期对齐
经营现金流HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $976.8M | ||
| Q1 25 | — | $721.4M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $962.1M |
自由现金流HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $741.1M | ||
| Q1 25 | — | $403.6M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $630.3M |
自由现金流率HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 35.8% | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 40.7% | ||
| Q2 24 | — | 20.2% |
资本支出强度HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 10.6% |
现金转化率HBMSCCO
| Q1 26 | — | — | ||
| Q4 25 | — | 1.14× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 1.71× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.01× |
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
HBM
暂无分部数据
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
