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HECLA MINING CO（HL）与VEEVA SYSTEMS INC（VEEV）财务数据对比。点击上方公司名可切换其他公司
VEEVA SYSTEMS INC的季度营收约是HECLA MINING CO的1.8倍（$811.2M vs $448.1M），HECLA MINING CO净利率更高（30.0% vs 29.1%，领先0.9%），HECLA MINING CO同比增速更快（79.5% vs 16.0%），过去两年HECLA MINING CO的营收复合增速更高（53.8% vs 13.4%）
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。
Veeva Systems Inc总部位于美国加利福尼亚州普莱森顿，是一家公益类上市企业，专注为生命科学行业提供云软件、数据服务及商业咨询，旗下产品可实现数据管理、监管注册跟踪、供应链全流程监督等多项功能。
HL vs VEEV — 直观对比
营收规模更大
VEEV
是对方的1.8倍
$448.1M
营收增速更快
HL
高出63.5%
16.0%
净利率更高
HL
高出0.9%
29.1%
两年增速更快
HL
近两年复合增速
13.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $811.2M |
| 净利润 | $134.4M | $236.2M |
| 毛利率 | 55.4% | 75.4% |
| 营业利润率 | 49.1% | 29.7% |
| 净利率 | 30.0% | 29.1% |
| 营收同比 | 79.5% | 16.0% |
| 净利润同比 | 1027.2% | 27.1% |
| 每股收益（稀释后） | $0.20 | $1.40 |
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HLVEEV
| Q4 25 | $448.1M | $811.2M | ||
| Q3 25 | $409.5M | $789.1M | ||
| Q2 25 | $304.0M | $759.0M | ||
| Q1 25 | $261.3M | $720.9M | ||
| Q4 24 | $249.7M | $699.2M | ||
| Q3 24 | $245.1M | $676.2M | ||
| Q2 24 | $245.7M | $650.3M | ||
| Q1 24 | $189.5M | $630.6M |
净利润HLVEEV
| Q4 25 | $134.4M | $236.2M | ||
| Q3 25 | $100.7M | $200.3M | ||
| Q2 25 | $57.7M | $228.2M | ||
| Q1 25 | $28.9M | $195.6M | ||
| Q4 24 | $11.9M | $185.8M | ||
| Q3 24 | $1.8M | $171.0M | ||
| Q2 24 | $27.9M | $161.7M | ||
| Q1 24 | $-5.8M | $147.4M |
毛利率HLVEEV
| Q4 25 | 55.4% | 75.4% | ||
| Q3 25 | 44.1% | 75.3% | ||
| Q2 25 | 39.3% | 77.1% | ||
| Q1 25 | 28.3% | 74.9% | ||
| Q4 24 | 27.4% | 75.1% | ||
| Q3 24 | 24.2% | 74.8% | ||
| Q2 24 | 20.9% | 73.3% | ||
| Q1 24 | 10.1% | 72.4% |
营业利润率HLVEEV
| Q4 25 | 49.1% | 29.7% | ||
| Q3 25 | 36.3% | 24.8% | ||
| Q2 25 | 30.8% | 30.8% | ||
| Q1 25 | 20.0% | 26.1% | ||
| Q4 24 | 15.3% | 25.9% | ||
| Q3 24 | 9.2% | 24.6% | ||
| Q2 24 | 16.5% | 23.9% | ||
| Q1 24 | 2.7% | 21.4% |
净利率HLVEEV
| Q4 25 | 30.0% | 29.1% | ||
| Q3 25 | 24.6% | 25.4% | ||
| Q2 25 | 19.0% | 30.1% | ||
| Q1 25 | 11.0% | 27.1% | ||
| Q4 24 | 4.8% | 26.6% | ||
| Q3 24 | 0.7% | 25.3% | ||
| Q2 24 | 11.3% | 24.9% | ||
| Q1 24 | -3.0% | 23.4% |
每股收益（稀释后）HLVEEV
| Q4 25 | $0.20 | $1.40 | ||
| Q3 25 | $0.15 | $1.19 | ||
| Q2 25 | $0.09 | $1.37 | ||
| Q1 25 | $0.05 | $1.17 | ||
| Q4 24 | $0.03 | $1.13 | ||
| Q3 24 | $0.00 | $1.04 | ||
| Q2 24 | $0.04 | $0.98 | ||
| Q1 24 | $-0.01 | $0.90 |
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 | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $7.0B |
| 总资产 | $3.6B | $8.1B |
| 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HLVEEV
| Q4 25 | $301.2M | $1.7B | ||
| Q3 25 | $133.9M | $1.9B | ||
| Q2 25 | $296.6M | $2.0B | ||
| Q1 25 | $23.7M | $1.1B | ||
| Q4 24 | $26.9M | $1.0B | ||
| Q3 24 | $22.3M | $1.2B | ||
| Q2 24 | $24.6M | $1.2B | ||
| Q1 24 | $80.2M | $703.5M |
股东权益HLVEEV
| Q4 25 | $2.6B | $7.0B | ||
| Q3 25 | $2.4B | $6.6B | ||
| Q2 25 | $2.3B | $6.2B | ||
| Q1 25 | $2.1B | $5.8B | ||
| Q4 24 | $2.0B | $5.5B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $2.0B | $4.9B | ||
| Q1 24 | $2.0B | $4.6B |
总资产HLVEEV
| Q4 25 | $3.6B | $8.1B | ||
| Q3 25 | $3.2B | $8.0B | ||
| Q2 25 | $3.3B | $7.8B | ||
| Q1 25 | $3.0B | $7.3B | ||
| Q4 24 | $3.0B | $6.5B | ||
| Q3 24 | $3.0B | $6.3B | ||
| Q2 24 | $2.9B | $6.2B | ||
| Q1 24 | $3.0B | $5.9B |
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 | $192.8M |
| 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× | 0.82× |
| 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HLVEEV
| Q4 25 | $217.1M | $192.8M | ||
| Q3 25 | $148.0M | $238.4M | ||
| Q2 25 | $161.8M | $877.2M | ||
| Q1 25 | $35.7M | $69.5M | ||
| Q4 24 | $67.5M | $164.1M | ||
| Q3 24 | $55.0M | $92.9M | ||
| Q2 24 | $78.7M | $763.5M | ||
| Q1 24 | $17.1M | $57.8M |
自由现金流HLVEEV
| Q4 25 | $134.7M | — | ||
| Q3 25 | $90.1M | — | ||
| Q2 25 | $103.8M | — | ||
| Q1 25 | $-18.4M | — | ||
| Q4 24 | $6.7M | — | ||
| Q3 24 | $-690.0K | — | ||
| Q2 24 | $28.3M | — | ||
| Q1 24 | $-30.5M | — |
自由现金流率HLVEEV
| Q4 25 | 30.1% | — | ||
| Q3 25 | 22.0% | — | ||
| Q2 25 | 34.1% | — | ||
| Q1 25 | -7.0% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | -16.1% | — |
资本支出强度HLVEEV
| Q4 25 | 18.4% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 25.1% | — |
现金转化率HLVEEV
| Q4 25 | 1.61× | 0.82× | ||
| Q3 25 | 1.47× | 1.19× | ||
| Q2 25 | 2.80× | 3.84× | ||
| Q1 25 | 1.24× | 0.36× | ||
| Q4 24 | 5.66× | 0.88× | ||
| Q3 24 | 31.24× | 0.54× | ||
| Q2 24 | 2.82× | 4.72× | ||
| Q1 24 | — | 0.39× |
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% |
VEEV
| Subscription Services Veeva Research And Development | $364.8M | 45% |
| Subscription Services Veeva Commercial Cloud | $317.6M | 39% |
| Professional Services Veeva Research And Development | $81.3M | 10% |
| Professional Services Veeva Commercial Cloud | $47.5M | 6% |
