vs
HECLA MINING CO（HL）与纽蒙特（NEM）财务数据对比。点击上方公司名可切换其他公司
纽蒙特的季度营收约是HECLA MINING CO的16.3倍（$7.3B vs $448.1M），HECLA MINING CO净利率更高（30.0% vs 26.0%，领先4.0%），HECLA MINING CO同比增速更快（79.5% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $134.7M），过去两年HECLA MINING CO的营收复合增速更高（53.8% vs 28.8%）
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。
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
HL vs NEM — 直观对比
营收规模更大
NEM
是对方的16.3倍
$448.1M
营收增速更快
HL
高出110.9%
-31.4%
净利率更高
HL
高出4.0%
26.0%
自由现金流更多
NEM
多$1.1B
$134.7M
两年增速更快
HL
近两年复合增速
28.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $7.3B |
| 净利润 | $134.4M | $1.9B |
| 毛利率 | 55.4% | — |
| 营业利润率 | 49.1% | — |
| 净利率 | 30.0% | 26.0% |
| 营收同比 | 79.5% | -31.4% |
| 净利润同比 | 1027.2% | -8.3% |
| 每股收益（稀释后） | $0.20 | $1.68 |
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HLNEM
| Q1 26 | — | $7.3B | ||
| Q4 25 | $448.1M | $6.8B | ||
| Q3 25 | $409.5M | $5.5B | ||
| Q2 25 | $304.0M | $5.3B | ||
| Q1 25 | $261.3M | $5.0B | ||
| Q4 24 | $249.7M | $5.7B | ||
| Q3 24 | $245.1M | $4.6B | ||
| Q2 24 | $245.7M | $4.4B |
净利润HLNEM
| Q1 26 | — | $1.9B | ||
| Q4 25 | $134.4M | $1.3B | ||
| Q3 25 | $100.7M | $1.8B | ||
| Q2 25 | $57.7M | $2.1B | ||
| Q1 25 | $28.9M | $1.9B | ||
| Q4 24 | $11.9M | $1.4B | ||
| Q3 24 | $1.8M | $922.0M | ||
| Q2 24 | $27.9M | $853.0M |
毛利率HLNEM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率HLNEM
| Q1 26 | — | — | ||
| Q4 25 | 49.1% | 47.6% | ||
| Q3 25 | 36.3% | 45.4% | ||
| Q2 25 | 30.8% | 58.6% | ||
| Q1 25 | 20.0% | 49.3% | ||
| Q4 24 | 15.3% | 36.3% | ||
| Q3 24 | 9.2% | 23.0% | ||
| Q2 24 | 16.5% | 23.5% |
净利率HLNEM
| Q1 26 | — | 26.0% | ||
| Q4 25 | 30.0% | 19.1% | ||
| Q3 25 | 24.6% | 33.2% | ||
| Q2 25 | 19.0% | 38.8% | ||
| Q1 25 | 11.0% | 37.7% | ||
| Q4 24 | 4.8% | 24.8% | ||
| Q3 24 | 0.7% | 20.0% | ||
| Q2 24 | 11.3% | 19.4% |
每股收益（稀释后）HLNEM
| Q1 26 | — | $1.68 | ||
| Q4 25 | $0.20 | $1.19 | ||
| Q3 25 | $0.15 | $1.67 | ||
| Q2 25 | $0.09 | $1.85 | ||
| Q1 25 | $0.05 | $1.68 | ||
| Q4 24 | $0.03 | $1.23 | ||
| Q3 24 | $0.00 | $0.80 | ||
| Q2 24 | $0.04 | $0.74 |
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 | $4.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $31.4B |
| 总资产 | $3.6B | $55.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HLNEM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $301.2M | $8.2B | ||
| Q3 25 | $133.9M | $6.0B | ||
| Q2 25 | $296.6M | $6.7B | ||
| Q1 25 | $23.7M | $4.7B | ||
| Q4 24 | $26.9M | $3.6B | ||
| Q3 24 | $22.3M | $3.1B | ||
| Q2 24 | $24.6M | $2.7B |
总债务HLNEM
| Q1 26 | — | — | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $5.2B | ||
| Q2 25 | — | $7.1B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | — | $8.5B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | — | $8.7B |
股东权益HLNEM
| Q1 26 | — | $31.4B | ||
| Q4 25 | $2.6B | $33.9B | ||
| Q3 25 | $2.4B | $33.2B | ||
| Q2 25 | $2.3B | $32.1B | ||
| Q1 25 | $2.1B | $31.2B | ||
| Q4 24 | $2.0B | $29.9B | ||
| Q3 24 | $2.0B | $29.7B | ||
| Q2 24 | $2.0B | $29.4B |
总资产HLNEM
| Q1 26 | — | $55.5B | ||
| Q4 25 | $3.6B | $57.1B | ||
| Q3 25 | $3.2B | $54.7B | ||
| Q2 25 | $3.3B | $55.2B | ||
| Q1 25 | $3.0B | $55.5B | ||
| Q4 24 | $3.0B | $56.3B | ||
| Q3 24 | $3.0B | $56.2B | ||
| Q2 24 | $2.9B | $55.7B |
负债/权益比HLNEM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.30× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $134.7M | $1.2B |
| 自由现金流率自由现金流/营收 | 30.1% | 16.5% |
| 资本支出强度资本支出/营收 | 18.4% | 11.3% |
| 现金转化率经营现金流/净利润 | 1.61× | — |
| 过去12个月自由现金流最近4个季度 | $310.2M | $7.3B |
8季度趋势，按日历期对齐
经营现金流HLNEM
| Q1 26 | — | — | ||
| Q4 25 | $217.1M | $3.6B | ||
| Q3 25 | $148.0M | $2.3B | ||
| Q2 25 | $161.8M | $2.4B | ||
| Q1 25 | $35.7M | $2.0B | ||
| Q4 24 | $67.5M | $2.5B | ||
| Q3 24 | $55.0M | $1.6B | ||
| Q2 24 | $78.7M | $1.4B |
自由现金流HLNEM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $134.7M | $2.8B | ||
| Q3 25 | $90.1M | $1.6B | ||
| Q2 25 | $103.8M | $1.7B | ||
| Q1 25 | $-18.4M | $1.2B | ||
| Q4 24 | $6.7M | $1.6B | ||
| Q3 24 | $-690.0K | $771.0M | ||
| Q2 24 | $28.3M | $628.0M |
自由现金流率HLNEM
| Q1 26 | — | 16.5% | ||
| Q4 25 | 30.1% | 41.3% | ||
| Q3 25 | 22.0% | 28.4% | ||
| Q2 25 | 34.1% | 32.2% | ||
| Q1 25 | -7.0% | 24.1% | ||
| Q4 24 | 2.7% | 28.9% | ||
| Q3 24 | -0.3% | 16.7% | ||
| Q2 24 | 11.5% | 14.3% |
资本支出强度HLNEM
| Q1 26 | — | 11.3% | ||
| Q4 25 | 18.4% | 11.9% | ||
| Q3 25 | 14.1% | 13.2% | ||
| Q2 25 | 19.1% | 12.7% | ||
| Q1 25 | 20.7% | 16.5% | ||
| Q4 24 | 24.3% | 15.5% | ||
| Q3 24 | 22.7% | 19.0% | ||
| Q2 24 | 20.5% | 18.2% |
现金转化率HLNEM
| Q1 26 | — | — | ||
| Q4 25 | 1.61× | 2.78× | ||
| Q3 25 | 1.47× | 1.25× | ||
| Q2 25 | 2.80× | 1.16× | ||
| Q1 25 | 1.24× | 1.07× | ||
| Q4 24 | 5.66× | 1.79× | ||
| Q3 24 | 31.24× | 1.79× | ||
| Q2 24 | 2.82× | 1.67× |
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% |
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
