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HECLA MINING CO（HL）与MDU RESOURCES GROUP INC（MDU）财务数据对比。点击上方公司名可切换其他公司
MDU RESOURCES GROUP INC的季度营收约是HECLA MINING CO的1.2倍（$522.6M vs $448.1M）。HECLA MINING CO净利率更高（30.0% vs 14.6%，领先15.4%）。HECLA MINING CO同比增速更快（79.5% vs -1.6%）。HECLA MINING CO自由现金流更多（$134.7M vs $-336.0M）。过去两年HECLA MINING CO的营收复合增速更高（53.8% vs -5.7%）
赫克拉矿业是总部位于美国的金属开采企业，主营银、金、铅、锌等矿产开发，矿区主要分布于北美地区，产品供应珠宝、工业制造、新能源供应链等领域，是美国头部原生银生产商之一。
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
HL vs MDU — 直观对比
营收规模更大
MDU
是对方的1.2倍
$448.1M
营收增速更快
HL
高出81.1%
-1.6%
净利率更高
HL
高出15.4%
14.6%
自由现金流更多
HL
多$470.7M
$-336.0M
两年增速更快
HL
近两年复合增速
-5.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $522.6M |
| 净利润 | $134.4M | $76.3M |
| 毛利率 | 55.4% | — |
| 营业利润率 | 49.1% | 20.5% |
| 净利率 | 30.0% | 14.6% |
| 营收同比 | 79.5% | -1.6% |
| 净利润同比 | 1027.2% | 38.4% |
| 每股收益（稀释后） | $0.20 | $0.37 |
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HLMDU
| Q4 25 | $448.1M | $522.6M | ||
| Q3 25 | $409.5M | $313.6M | ||
| Q2 25 | $304.0M | $348.7M | ||
| Q1 25 | $261.3M | $678.0M | ||
| Q4 24 | $249.7M | $531.0M | ||
| Q3 24 | $245.1M | $290.7M | ||
| Q2 24 | $245.7M | $343.1M | ||
| Q1 24 | $189.5M | $588.2M |
净利润HLMDU
| Q4 25 | $134.4M | $76.3M | ||
| Q3 25 | $100.7M | $18.3M | ||
| Q2 25 | $57.7M | $13.8M | ||
| Q1 25 | $28.9M | $82.0M | ||
| Q4 24 | $11.9M | $55.2M | ||
| Q3 24 | $1.8M | $64.6M | ||
| Q2 24 | $27.9M | $60.4M | ||
| Q1 24 | $-5.8M | $100.9M |
毛利率HLMDU
| Q4 25 | 55.4% | — | ||
| Q3 25 | 44.1% | — | ||
| Q2 25 | 39.3% | — | ||
| Q1 25 | 28.3% | — | ||
| Q4 24 | 27.4% | — | ||
| Q3 24 | 24.2% | — | ||
| Q2 24 | 20.9% | — | ||
| Q1 24 | 10.1% | — |
营业利润率HLMDU
| Q4 25 | 49.1% | 20.5% | ||
| Q3 25 | 36.3% | 12.7% | ||
| Q2 25 | 30.8% | 8.7% | ||
| Q1 25 | 20.0% | 16.6% | ||
| Q4 24 | 15.3% | 17.8% | ||
| Q3 24 | 9.2% | 12.0% | ||
| Q2 24 | 16.5% | 11.5% | ||
| Q1 24 | 2.7% | 16.4% |
净利率HLMDU
| Q4 25 | 30.0% | 14.6% | ||
| Q3 25 | 24.6% | 5.8% | ||
| Q2 25 | 19.0% | 4.0% | ||
| Q1 25 | 11.0% | 12.1% | ||
| Q4 24 | 4.8% | 10.4% | ||
| Q3 24 | 0.7% | 22.2% | ||
| Q2 24 | 11.3% | 17.6% | ||
| Q1 24 | -3.0% | 17.2% |
每股收益（稀释后）HLMDU
| Q4 25 | $0.20 | $0.37 | ||
| Q3 25 | $0.15 | $0.09 | ||
| Q2 25 | $0.09 | $0.07 | ||
| Q1 25 | $0.05 | $0.40 | ||
| Q4 24 | $0.03 | $0.26 | ||
| Q3 24 | $0.00 | $0.32 | ||
| Q2 24 | $0.04 | $0.30 | ||
| Q1 24 | $-0.01 | $0.49 |
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 | $301.2M | $28.2M |
| 总债务越低越好 | — | $2.7B |
| 股东权益账面价值 | $2.6B | $2.8B |
| 总资产 | $3.6B | $7.6B |
| 负债/权益比越低杠杆越低 | — | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资HLMDU
| Q4 25 | $301.2M | $28.2M | ||
| Q3 25 | $133.9M | $75.9M | ||
| Q2 25 | $296.6M | $58.8M | ||
| Q1 25 | $23.7M | $59.5M | ||
| Q4 24 | $26.9M | $66.9M | ||
| Q3 24 | $22.3M | $88.3M | ||
| Q2 24 | $24.6M | $78.8M | ||
| Q1 24 | $80.2M | $72.7M |
总债务HLMDU
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益HLMDU
| Q4 25 | $2.6B | $2.8B | ||
| Q3 25 | $2.4B | $2.7B | ||
| Q2 25 | $2.3B | $2.7B | ||
| Q1 25 | $2.1B | $2.7B | ||
| Q4 24 | $2.0B | $2.7B | ||
| Q3 24 | $2.0B | $3.1B | ||
| Q2 24 | $2.0B | $3.0B | ||
| Q1 24 | $2.0B | $3.0B |
总资产HLMDU
| Q4 25 | $3.6B | $7.6B | ||
| Q3 25 | $3.2B | $7.2B | ||
| Q2 25 | $3.3B | $6.9B | ||
| Q1 25 | $3.0B | $7.0B | ||
| Q4 24 | $3.0B | $7.0B | ||
| Q3 24 | $3.0B | $8.2B | ||
| Q2 24 | $2.9B | $8.0B | ||
| Q1 24 | $3.0B | $7.8B |
负债/权益比HLMDU
| Q4 25 | — | 0.97× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 0.75× | ||
| Q1 24 | — | 0.76× |
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 | $217.1M | $80.6M |
| 自由现金流经营现金流 - 资本支出 | $134.7M | $-336.0M |
| 自由现金流率自由现金流/营收 | 30.1% | -64.3% |
| 资本支出强度资本支出/营收 | 18.4% | 79.7% |
| 现金转化率经营现金流/净利润 | 1.61× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $310.2M | $-297.0M |
8季度趋势，按日历期对齐
经营现金流HLMDU
| Q4 25 | $217.1M | $80.6M | ||
| Q3 25 | $148.0M | $57.9M | ||
| Q2 25 | $161.8M | $117.4M | ||
| Q1 25 | $35.7M | $217.5M | ||
| Q4 24 | $67.5M | $60.5M | ||
| Q3 24 | $55.0M | $140.2M | ||
| Q2 24 | $78.7M | $136.5M | ||
| Q1 24 | $17.1M | $165.1M |
自由现金流HLMDU
| Q4 25 | $134.7M | $-336.0M | ||
| Q3 25 | $90.1M | $-121.9M | ||
| Q2 25 | $103.8M | $36.5M | ||
| Q1 25 | $-18.4M | $124.4M | ||
| Q4 24 | $6.7M | $-95.8M | ||
| Q3 24 | $-690.0K | $673.0K | ||
| Q2 24 | $28.3M | $26.5M | ||
| Q1 24 | $-30.5M | $48.1M |
自由现金流率HLMDU
| Q4 25 | 30.1% | -64.3% | ||
| Q3 25 | 22.0% | -38.9% | ||
| Q2 25 | 34.1% | 10.5% | ||
| Q1 25 | -7.0% | 18.4% | ||
| Q4 24 | 2.7% | -18.0% | ||
| Q3 24 | -0.3% | 0.2% | ||
| Q2 24 | 11.5% | 7.7% | ||
| Q1 24 | -16.1% | 8.2% |
资本支出强度HLMDU
| Q4 25 | 18.4% | 79.7% | ||
| Q3 25 | 14.1% | 57.3% | ||
| Q2 25 | 19.1% | 23.2% | ||
| Q1 25 | 20.7% | 13.7% | ||
| Q4 24 | 24.3% | 29.4% | ||
| Q3 24 | 22.7% | 48.0% | ||
| Q2 24 | 20.5% | 32.0% | ||
| Q1 24 | 25.1% | 19.9% |
现金转化率HLMDU
| Q4 25 | 1.61× | 1.06× | ||
| Q3 25 | 1.47× | 3.16× | ||
| Q2 25 | 2.80× | 8.52× | ||
| Q1 25 | 1.24× | 2.65× | ||
| Q4 24 | 5.66× | 1.10× | ||
| Q3 24 | 31.24× | 2.17× | ||
| Q2 24 | 2.82× | 2.26× | ||
| Q1 24 | — | 1.64× |
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
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 2% |
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
