vs
HECLA MINING CO（HL）与MATERION Corp（MTRN）财务数据对比。点击上方公司名可切换其他公司
MATERION Corp的季度营收约是HECLA MINING CO的1.1倍（$489.8M vs $448.1M），HECLA MINING CO净利率更高（30.0% vs 1.3%，领先28.7%），HECLA MINING CO同比增速更快（79.5% vs 12.1%），过去两年HECLA MINING CO的营收复合增速更高（53.8% vs 12.7%）
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。
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
HL vs MTRN — 直观对比
营收规模更大
MTRN
是对方的1.1倍
$448.1M
营收增速更快
HL
高出67.4%
12.1%
净利率更高
HL
高出28.7%
1.3%
两年增速更快
HL
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $489.8M |
| 净利润 | $134.4M | $6.6M |
| 毛利率 | 55.4% | 13.0% |
| 营业利润率 | 49.1% | 2.2% |
| 净利率 | 30.0% | 1.3% |
| 营收同比 | 79.5% | 12.1% |
| 净利润同比 | 1027.2% | 113.5% |
| 每股收益（稀释后） | $0.20 | $0.30 |
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HLMTRN
| Q4 25 | $448.1M | $489.8M | ||
| Q3 25 | $409.5M | $444.8M | ||
| Q2 25 | $304.0M | $431.7M | ||
| Q1 25 | $261.3M | $420.3M | ||
| Q4 24 | $249.7M | $436.9M | ||
| Q3 24 | $245.1M | $436.7M | ||
| Q2 24 | $245.7M | $425.9M | ||
| Q1 24 | $189.5M | $385.3M |
净利润HLMTRN
| Q4 25 | $134.4M | $6.6M | ||
| Q3 25 | $100.7M | $25.4M | ||
| Q2 25 | $57.7M | $25.1M | ||
| Q1 25 | $28.9M | $17.7M | ||
| Q4 24 | $11.9M | $-48.9M | ||
| Q3 24 | $1.8M | $22.3M | ||
| Q2 24 | $27.9M | $19.0M | ||
| Q1 24 | $-5.8M | $13.4M |
毛利率HLMTRN
| Q4 25 | 55.4% | 13.0% | ||
| Q3 25 | 44.1% | 19.4% | ||
| Q2 25 | 39.3% | 19.1% | ||
| Q1 25 | 28.3% | 18.1% | ||
| Q4 24 | 27.4% | 21.3% | ||
| Q3 24 | 24.2% | 18.5% | ||
| Q2 24 | 20.9% | 19.0% | ||
| Q1 24 | 10.1% | 18.5% |
营业利润率HLMTRN
| Q4 25 | 49.1% | 2.2% | ||
| Q3 25 | 36.3% | 7.9% | ||
| Q2 25 | 30.8% | 8.5% | ||
| Q1 25 | 20.0% | 6.5% | ||
| Q4 24 | 15.3% | -8.8% | ||
| Q3 24 | 9.2% | 7.2% | ||
| Q2 24 | 16.5% | 7.5% | ||
| Q1 24 | 2.7% | 5.8% |
净利率HLMTRN
| Q4 25 | 30.0% | 1.3% | ||
| Q3 25 | 24.6% | 5.7% | ||
| Q2 25 | 19.0% | 5.8% | ||
| Q1 25 | 11.0% | 4.2% | ||
| Q4 24 | 4.8% | -11.2% | ||
| Q3 24 | 0.7% | 5.1% | ||
| Q2 24 | 11.3% | 4.5% | ||
| Q1 24 | -3.0% | 3.5% |
每股收益（稀释后）HLMTRN
| Q4 25 | $0.20 | $0.30 | ||
| Q3 25 | $0.15 | $1.22 | ||
| Q2 25 | $0.09 | $1.21 | ||
| Q1 25 | $0.05 | $0.85 | ||
| Q4 24 | $0.03 | $-2.34 | ||
| Q3 24 | $0.00 | $1.07 | ||
| Q2 24 | $0.04 | $0.91 | ||
| Q1 24 | $-0.01 | $0.64 |
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 | $13.7M |
| 总债务越低越好 | — | $460.6M |
| 股东权益账面价值 | $2.6B | $943.3M |
| 总资产 | $3.6B | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资HLMTRN
| Q4 25 | $301.2M | $13.7M | ||
| Q3 25 | $133.9M | $16.4M | ||
| Q2 25 | $296.6M | $12.6M | ||
| Q1 25 | $23.7M | $15.6M | ||
| Q4 24 | $26.9M | $16.7M | ||
| Q3 24 | $22.3M | $17.9M | ||
| Q2 24 | $24.6M | $17.1M | ||
| Q1 24 | $80.2M | $13.1M |
总债务HLMTRN
| Q4 25 | — | $460.6M | ||
| Q3 25 | — | $458.9M | ||
| Q2 25 | — | $427.6M | ||
| Q1 25 | — | $453.0M | ||
| Q4 24 | — | $443.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $477.9M |
股东权益HLMTRN
| Q4 25 | $2.6B | $943.3M | ||
| Q3 25 | $2.4B | $934.6M | ||
| Q2 25 | $2.3B | $910.6M | ||
| Q1 25 | $2.1B | $887.9M | ||
| Q4 24 | $2.0B | $868.9M | ||
| Q3 24 | $2.0B | $931.9M | ||
| Q2 24 | $2.0B | $907.1M | ||
| Q1 24 | $2.0B | $889.9M |
总资产HLMTRN
| Q4 25 | $3.6B | $1.8B | ||
| Q3 25 | $3.2B | $1.8B | ||
| Q2 25 | $3.3B | $1.7B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $2.9B | $1.8B | ||
| Q1 24 | $3.0B | $1.8B |
负债/权益比HLMTRN
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.54× |
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 | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $134.7M | — |
| 自由现金流率自由现金流/营收 | 30.1% | — |
| 资本支出强度资本支出/营收 | 18.4% | — |
| 现金转化率经营现金流/净利润 | 1.61× | 2.97× |
| 过去12个月自由现金流最近4个季度 | $310.2M | — |
8季度趋势，按日历期对齐
经营现金流HLMTRN
| Q4 25 | $217.1M | $19.5M | ||
| Q3 25 | $148.0M | $18.3M | ||
| Q2 25 | $161.8M | $49.9M | ||
| Q1 25 | $35.7M | $15.5M | ||
| Q4 24 | $67.5M | $76.3M | ||
| Q3 24 | $55.0M | $5.1M | ||
| Q2 24 | $78.7M | $20.3M | ||
| Q1 24 | $17.1M | $-13.8M |
自由现金流HLMTRN
| Q4 25 | $134.7M | — | ||
| Q3 25 | $90.1M | — | ||
| Q2 25 | $103.8M | — | ||
| Q1 25 | $-18.4M | $3.2M | ||
| Q4 24 | $6.7M | — | ||
| Q3 24 | $-690.0K | $-24.3M | ||
| Q2 24 | $28.3M | — | ||
| Q1 24 | $-30.5M | $-35.1M |
自由现金流率HLMTRN
| Q4 25 | 30.1% | — | ||
| Q3 25 | 22.0% | — | ||
| Q2 25 | 34.1% | — | ||
| Q1 25 | -7.0% | 0.8% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | -0.3% | -5.6% | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | -16.1% | -9.1% |
资本支出强度HLMTRN
| Q4 25 | 18.4% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 20.7% | 2.9% | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 22.7% | 6.7% | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 25.1% | 5.5% |
现金转化率HLMTRN
| Q4 25 | 1.61× | 2.97× | ||
| Q3 25 | 1.47× | 0.72× | ||
| Q2 25 | 2.80× | 1.99× | ||
| Q1 25 | 1.24× | 0.88× | ||
| Q4 24 | 5.66× | — | ||
| Q3 24 | 31.24× | 0.23× | ||
| Q2 24 | 2.82× | 1.07× | ||
| Q1 24 | — | -1.03× |
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% |
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
