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KADANT INC（KAI）与SSR MINING INC.（SSRM）财务数据对比。点击上方公司名可切换其他公司
SSR MINING INC.的季度营收约是KADANT INC的1.9倍（$521.7M vs $271.6M），SSR MINING INC.净利率更高（34.8% vs 10.2%，领先24.6%），SSR MINING INC.同比增速更快（61.4% vs -0.0%），SSR MINING INC.自由现金流更多（$106.4M vs $44.1M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 6.7%）
Kadant Inc.创立于1991年，最初是Thermo Electron的子公司，部分股权私有、部分公开交易，2001年完成完全分拆并启用现名。公司服务于造纸、废纸回收、木材加工、物料搬运等多个加工领域，是业务覆盖亚洲、欧洲、北美、南美的跨国企业。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
KAI vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.9倍
$271.6M
营收增速更快
SSRM
高出61.4%
-0.0%
净利率更高
SSRM
高出24.6%
10.2%
自由现金流更多
SSRM
多$62.3M
$44.1M
两年增速更快
SSRM
近两年复合增速
6.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $521.7M |
| 净利润 | $27.7M | $181.5M |
| 毛利率 | 45.2% | — |
| 营业利润率 | 15.7% | 38.8% |
| 净利率 | 10.2% | 34.8% |
| 营收同比 | -0.0% | 61.4% |
| 净利润同比 | -12.2% | 3166.6% |
| 每股收益（稀释后） | $2.35 | $0.84 |
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KAISSRM
| Q4 25 | — | $521.7M | ||
| Q3 25 | $271.6M | $385.8M | ||
| Q2 25 | $255.3M | $405.5M | ||
| Q1 25 | $239.2M | $316.6M | ||
| Q4 24 | $258.0M | $323.2M | ||
| Q3 24 | $271.6M | $257.4M | ||
| Q2 24 | $274.8M | $184.8M | ||
| Q1 24 | $249.0M | $230.2M |
净利润KAISSRM
| Q4 25 | — | $181.5M | ||
| Q3 25 | $27.7M | $65.4M | ||
| Q2 25 | $26.2M | $90.1M | ||
| Q1 25 | $24.1M | $58.8M | ||
| Q4 24 | $24.0M | $5.6M | ||
| Q3 24 | $31.6M | $10.6M | ||
| Q2 24 | $31.3M | $9.7M | ||
| Q1 24 | $24.7M | $-287.1M |
毛利率KAISSRM
| Q4 25 | — | — | ||
| Q3 25 | 45.2% | — | ||
| Q2 25 | 45.9% | — | ||
| Q1 25 | 46.1% | — | ||
| Q4 24 | 43.4% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — | ||
| Q1 24 | 44.6% | — |
营业利润率KAISSRM
| Q4 25 | — | 38.8% | ||
| Q3 25 | 15.7% | 21.6% | ||
| Q2 25 | 15.4% | 26.9% | ||
| Q1 25 | 14.9% | 21.1% | ||
| Q4 24 | 14.3% | 10.6% | ||
| Q3 24 | 18.0% | 3.5% | ||
| Q2 24 | 17.6% | 5.8% | ||
| Q1 24 | 14.8% | -163.5% |
净利率KAISSRM
| Q4 25 | — | 34.8% | ||
| Q3 25 | 10.2% | 17.0% | ||
| Q2 25 | 10.2% | 22.2% | ||
| Q1 25 | 10.1% | 18.6% | ||
| Q4 24 | 9.3% | 1.7% | ||
| Q3 24 | 11.6% | 4.1% | ||
| Q2 24 | 11.4% | 5.2% | ||
| Q1 24 | 9.9% | -124.7% |
每股收益（稀释后）KAISSRM
| Q4 25 | — | $0.84 | ||
| Q3 25 | $2.35 | $0.31 | ||
| Q2 25 | $2.22 | $0.42 | ||
| Q1 25 | $2.04 | $0.28 | ||
| Q4 24 | $2.04 | $0.03 | ||
| Q3 24 | $2.68 | $0.05 | ||
| Q2 24 | $2.66 | $0.05 | ||
| Q1 24 | $2.10 | $-1.42 |
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 | $124.5M | $575.6M |
| 总债务越低越好 | $254.6M | — |
| 股东权益账面价值 | $949.8M | $3.5B |
| 总资产 | $1.5B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资KAISSRM
| Q4 25 | — | $575.6M | ||
| Q3 25 | $124.5M | $445.4M | ||
| Q2 25 | $95.3M | $438.5M | ||
| Q1 25 | $91.7M | $341.3M | ||
| Q4 24 | $94.7M | $417.3M | ||
| Q3 24 | $88.4M | $365.8M | ||
| Q2 24 | $73.8M | $384.4M | ||
| Q1 24 | $81.4M | $492.0M |
总债务KAISSRM
| Q4 25 | — | — | ||
| Q3 25 | $254.6M | — | ||
| Q2 25 | $245.7M | — | ||
| Q1 25 | $273.5M | — | ||
| Q4 24 | $285.2M | $228.6M | ||
| Q3 24 | $323.2M | $228.3M | ||
| Q2 24 | $342.0M | $228.0M | ||
| Q1 24 | $306.8M | $228.7M |
股东权益KAISSRM
| Q4 25 | — | $3.5B | ||
| Q3 25 | $949.8M | $3.3B | ||
| Q2 25 | $926.0M | $3.3B | ||
| Q1 25 | $876.0M | $3.2B | ||
| Q4 24 | $847.1M | $3.1B | ||
| Q3 24 | $851.7M | $3.1B | ||
| Q2 24 | $807.7M | $3.1B | ||
| Q1 24 | $782.7M | $3.1B |
总资产KAISSRM
| Q4 25 | — | $6.1B | ||
| Q3 25 | $1.5B | $5.9B | ||
| Q2 25 | $1.5B | $5.8B | ||
| Q1 25 | $1.4B | $5.6B | ||
| Q4 24 | $1.4B | $5.2B | ||
| Q3 24 | $1.5B | $5.1B | ||
| Q2 24 | $1.5B | $5.2B | ||
| Q1 24 | $1.4B | $5.3B |
负债/权益比KAISSRM
| Q4 25 | — | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.34× | 0.07× | ||
| Q3 24 | 0.38× | 0.07× | ||
| Q2 24 | 0.42× | 0.07× | ||
| Q1 24 | 0.39× | 0.07× |
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 | $47.3M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $44.1M | $106.4M |
| 自由现金流率自由现金流/营收 | 16.2% | 20.4% |
| 资本支出强度资本支出/营收 | 1.2% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.70× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $145.9M | $241.6M |
8季度趋势，按日历期对齐
经营现金流KAISSRM
| Q4 25 | — | $172.1M | ||
| Q3 25 | $47.3M | $57.2M | ||
| Q2 25 | $40.5M | $157.8M | ||
| Q1 25 | $22.8M | $84.8M | ||
| Q4 24 | $51.9M | $95.0M | ||
| Q3 24 | $52.5M | $-1.3M | ||
| Q2 24 | $28.1M | $-78.1M | ||
| Q1 24 | $22.8M | $24.6M |
自由现金流KAISSRM
| Q4 25 | — | $106.4M | ||
| Q3 25 | $44.1M | $-2.4M | ||
| Q2 25 | $36.5M | $98.4M | ||
| Q1 25 | $19.0M | $39.3M | ||
| Q4 24 | $46.3M | $56.4M | ||
| Q3 24 | $48.3M | $-34.1M | ||
| Q2 24 | $23.1M | $-116.3M | ||
| Q1 24 | $16.6M | $-9.4M |
自由现金流率KAISSRM
| Q4 25 | — | 20.4% | ||
| Q3 25 | 16.2% | -0.6% | ||
| Q2 25 | 14.3% | 24.3% | ||
| Q1 25 | 7.9% | 12.4% | ||
| Q4 24 | 17.9% | 17.5% | ||
| Q3 24 | 17.8% | -13.2% | ||
| Q2 24 | 8.4% | -62.9% | ||
| Q1 24 | 6.7% | -4.1% |
资本支出强度KAISSRM
| Q4 25 | — | 12.6% | ||
| Q3 25 | 1.2% | 15.4% | ||
| Q2 25 | 1.6% | 14.7% | ||
| Q1 25 | 1.6% | 14.4% | ||
| Q4 24 | 2.2% | 11.9% | ||
| Q3 24 | 1.5% | 12.7% | ||
| Q2 24 | 1.8% | 20.7% | ||
| Q1 24 | 2.5% | 14.8% |
现金转化率KAISSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | 1.70× | 0.87× | ||
| Q2 25 | 1.55× | 1.75× | ||
| Q1 25 | 0.95× | 1.44× | ||
| Q4 24 | 2.16× | 17.10× | ||
| Q3 24 | 1.66× | -0.13× | ||
| Q2 24 | 0.90× | -8.06× | ||
| Q1 24 | 0.92× | — |
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
KAI
| Flow Control | $94.8M | 35% |
| Capital | $83.2M | 31% |
| Material Handling Systems | $70.3M | 26% |
| Transferred Over Time | $17.1M | 6% |
| Other | $6.1M | 2% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
