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HECLA MINING CO（HL）与Upstart Holdings, Inc.（UPST）财务数据对比。点击上方公司名可切换其他公司
HECLA MINING CO的季度营收约是Upstart Holdings, Inc.的1.5倍（$448.1M vs $296.1M），HECLA MINING CO净利率更高（30.0% vs 6.3%，领先23.7%），HECLA MINING CO同比增速更快（79.5% vs 35.2%），HECLA MINING CO自由现金流更多（$134.7M vs $108.4M），过去两年HECLA MINING CO的营收复合增速更高（53.8% vs 52.2%）
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。
Upstart是一家AI信贷平台服务商，与银行及信用合作社合作，将教育背景、就业情况等非传统指标纳入信用评估模型，更精准地预测借款人的信用状况，为用户提供消费贷款服务，助力金融机构提升信贷效率、扩大服务覆盖范围。
HL vs UPST — 直观对比
营收规模更大
HL
是对方的1.5倍
$296.1M
营收增速更快
HL
高出44.3%
35.2%
净利率更高
HL
高出23.7%
6.3%
自由现金流更多
HL
多$26.3M
$108.4M
两年增速更快
HL
近两年复合增速
52.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $296.1M |
| 净利润 | $134.4M | $18.6M |
| 毛利率 | 55.4% | — |
| 营业利润率 | 49.1% | 6.4% |
| 净利率 | 30.0% | 6.3% |
| 营收同比 | 79.5% | 35.2% |
| 净利润同比 | 1027.2% | 776.4% |
| 每股收益（稀释后） | $0.20 | $0.20 |
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HLUPST
| Q4 25 | $448.1M | $296.1M | ||
| Q3 25 | $409.5M | $277.1M | ||
| Q2 25 | $304.0M | $257.3M | ||
| Q1 25 | $261.3M | $213.4M | ||
| Q4 24 | $249.7M | $219.0M | ||
| Q3 24 | $245.1M | $162.1M | ||
| Q2 24 | $245.7M | $127.6M | ||
| Q1 24 | $189.5M | $127.8M |
净利润HLUPST
| Q4 25 | $134.4M | $18.6M | ||
| Q3 25 | $100.7M | $31.8M | ||
| Q2 25 | $57.7M | $5.6M | ||
| Q1 25 | $28.9M | $-2.4M | ||
| Q4 24 | $11.9M | $-2.8M | ||
| Q3 24 | $1.8M | $-6.8M | ||
| Q2 24 | $27.9M | $-54.5M | ||
| Q1 24 | $-5.8M | $-64.6M |
毛利率HLUPST
| 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HLUPST
| Q4 25 | 49.1% | 6.4% | ||
| Q3 25 | 36.3% | 8.5% | ||
| Q2 25 | 30.8% | 1.8% | ||
| Q1 25 | 20.0% | -2.1% | ||
| Q4 24 | 15.3% | -2.2% | ||
| Q3 24 | 9.2% | -27.8% | ||
| Q2 24 | 16.5% | -43.5% | ||
| Q1 24 | 2.7% | -52.8% |
净利率HLUPST
| Q4 25 | 30.0% | 6.3% | ||
| Q3 25 | 24.6% | 11.5% | ||
| Q2 25 | 19.0% | 2.2% | ||
| Q1 25 | 11.0% | -1.1% | ||
| Q4 24 | 4.8% | -1.3% | ||
| Q3 24 | 0.7% | -4.2% | ||
| Q2 24 | 11.3% | -42.7% | ||
| Q1 24 | -3.0% | -50.5% |
每股收益（稀释后）HLUPST
| Q4 25 | $0.20 | $0.20 | ||
| Q3 25 | $0.15 | $0.23 | ||
| Q2 25 | $0.09 | $0.05 | ||
| Q1 25 | $0.05 | $-0.03 | ||
| Q4 24 | $0.03 | $-0.01 | ||
| Q3 24 | $0.00 | $-0.07 | ||
| Q2 24 | $0.04 | $-0.62 | ||
| Q1 24 | $-0.01 | $-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 | $652.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $798.8M |
| 总资产 | $3.6B | $3.0B |
| 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HLUPST
| Q4 25 | $301.2M | $652.4M | ||
| Q3 25 | $133.9M | $489.8M | ||
| Q2 25 | $296.6M | $395.9M | ||
| Q1 25 | $23.7M | $599.8M | ||
| Q4 24 | $26.9M | $788.4M | ||
| Q3 24 | $22.3M | — | ||
| Q2 24 | $24.6M | — | ||
| Q1 24 | $80.2M | — |
股东权益HLUPST
| Q4 25 | $2.6B | $798.8M | ||
| Q3 25 | $2.4B | $743.7M | ||
| Q2 25 | $2.3B | $722.0M | ||
| Q1 25 | $2.1B | $676.6M | ||
| Q4 24 | $2.0B | $633.2M | ||
| Q3 24 | $2.0B | $595.5M | ||
| Q2 24 | $2.0B | $594.7M | ||
| Q1 24 | $2.0B | $612.8M |
总资产HLUPST
| Q4 25 | $3.6B | $3.0B | ||
| Q3 25 | $3.2B | $2.9B | ||
| Q2 25 | $3.3B | $2.5B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.0B | $1.8B | ||
| Q2 24 | $2.9B | $1.8B | ||
| Q1 24 | $3.0B | $1.9B |
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 | $108.6M |
| 自由现金流经营现金流 - 资本支出 | $134.7M | $108.4M |
| 自由现金流率自由现金流/营收 | 30.1% | 36.6% |
| 资本支出强度资本支出/营收 | 18.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.61× | 5.82× |
| 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HLUPST
| Q4 25 | $217.1M | $108.6M | ||
| Q3 25 | $148.0M | $-122.6M | ||
| Q2 25 | $161.8M | $-120.2M | ||
| Q1 25 | $35.7M | $-13.5M | ||
| Q4 24 | $67.5M | $-110.9M | ||
| Q3 24 | $55.0M | $179.3M | ||
| Q2 24 | $78.7M | $65.3M | ||
| Q1 24 | $17.1M | $52.6M |
自由现金流HLUPST
| Q4 25 | $134.7M | $108.4M | ||
| Q3 25 | $90.1M | $-122.7M | ||
| Q2 25 | $103.8M | $-120.3M | ||
| Q1 25 | $-18.4M | — | ||
| Q4 24 | $6.7M | — | ||
| Q3 24 | $-690.0K | $179.2M | ||
| Q2 24 | $28.3M | $65.3M | ||
| Q1 24 | $-30.5M | $51.9M |
自由现金流率HLUPST
| Q4 25 | 30.1% | 36.6% | ||
| Q3 25 | 22.0% | -44.3% | ||
| Q2 25 | 34.1% | -46.7% | ||
| Q1 25 | -7.0% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | -0.3% | 110.5% | ||
| Q2 24 | 11.5% | 51.1% | ||
| Q1 24 | -16.1% | 40.6% |
资本支出强度HLUPST
| Q4 25 | 18.4% | 0.1% | ||
| Q3 25 | 14.1% | 0.0% | ||
| Q2 25 | 19.1% | 0.0% | ||
| Q1 25 | 20.7% | 0.0% | ||
| Q4 24 | 24.3% | 0.0% | ||
| Q3 24 | 22.7% | 0.1% | ||
| Q2 24 | 20.5% | 0.0% | ||
| Q1 24 | 25.1% | 0.5% |
现金转化率HLUPST
| Q4 25 | 1.61× | 5.82× | ||
| Q3 25 | 1.47× | -3.86× | ||
| Q2 25 | 2.80× | -21.43× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 5.66× | — | ||
| Q3 24 | 31.24× | — | ||
| Q2 24 | 2.82× | — | ||
| 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
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 2% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
