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迈心诺（MASI）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.的季度营收约是迈心诺的1.4倍（$521.7M vs $371.5M），SSR MINING INC.净利率更高（34.8% vs -27.0%，领先61.8%），SSR MINING INC.同比增速更快（61.4% vs -26.4%），SSR MINING INC.自由现金流更多（$106.4M vs $50.9M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
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。
MASI vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.4倍
$371.5M
营收增速更快
SSRM
高出87.8%
-26.4%
净利率更高
SSRM
高出61.8%
-27.0%
自由现金流更多
SSRM
多$55.5M
$50.9M
两年增速更快
SSRM
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $521.7M |
| 净利润 | $-100.4M | $181.5M |
| 毛利率 | 62.1% | — |
| 营业利润率 | 22.5% | 38.8% |
| 净利率 | -27.0% | 34.8% |
| 营收同比 | -26.4% | 61.4% |
| 净利润同比 | -1124.5% | 3166.6% |
| 每股收益（稀释后） | $-1.84 | $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MASISSRM
| Q4 25 | — | $521.7M | ||
| Q3 25 | $371.5M | $385.8M | ||
| Q2 25 | $370.9M | $405.5M | ||
| Q1 25 | $372.0M | $316.6M | ||
| Q4 24 | $600.7M | $323.2M | ||
| Q3 24 | $504.6M | $257.4M | ||
| Q2 24 | $496.3M | $184.8M | ||
| Q1 24 | $492.8M | $230.2M |
净利润MASISSRM
| Q4 25 | — | $181.5M | ||
| Q3 25 | $-100.4M | $65.4M | ||
| Q2 25 | $51.3M | $90.1M | ||
| Q1 25 | $-170.7M | $58.8M | ||
| Q4 24 | $-349.6M | $5.6M | ||
| Q3 24 | $9.8M | $10.6M | ||
| Q2 24 | $16.0M | $9.7M | ||
| Q1 24 | $18.9M | $-287.1M |
毛利率MASISSRM
| Q4 25 | — | — | ||
| Q3 25 | 62.1% | — | ||
| Q2 25 | 62.9% | — | ||
| Q1 25 | 62.9% | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | 52.2% | — | ||
| Q2 24 | 51.3% | — | ||
| Q1 24 | 49.0% | — |
营业利润率MASISSRM
| Q4 25 | — | 38.8% | ||
| Q3 25 | 22.5% | 21.6% | ||
| Q2 25 | 17.4% | 26.9% | ||
| Q1 25 | 21.0% | 21.1% | ||
| Q4 24 | -59.8% | 10.6% | ||
| Q3 24 | 6.0% | 3.5% | ||
| Q2 24 | 5.7% | 5.8% | ||
| Q1 24 | 6.9% | -163.5% |
净利率MASISSRM
| Q4 25 | — | 34.8% | ||
| Q3 25 | -27.0% | 17.0% | ||
| Q2 25 | 13.8% | 22.2% | ||
| Q1 25 | -45.9% | 18.6% | ||
| Q4 24 | -58.2% | 1.7% | ||
| Q3 24 | 1.9% | 4.1% | ||
| Q2 24 | 3.2% | 5.2% | ||
| Q1 24 | 3.8% | -124.7% |
每股收益（稀释后）MASISSRM
| Q4 25 | — | $0.84 | ||
| Q3 25 | $-1.84 | $0.31 | ||
| Q2 25 | $0.94 | $0.42 | ||
| Q1 25 | $-3.12 | $0.28 | ||
| Q4 24 | $-6.54 | $0.03 | ||
| Q3 24 | $0.18 | $0.05 | ||
| Q2 24 | $0.29 | $0.05 | ||
| Q1 24 | $0.35 | $-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 | $312.3M | $575.6M |
| 总债务越低越好 | $559.1M | — |
| 股东权益账面价值 | $810.0M | $3.5B |
| 总资产 | $1.8B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资MASISSRM
| Q4 25 | — | $575.6M | ||
| Q3 25 | $312.3M | $445.4M | ||
| Q2 25 | $149.6M | $438.5M | ||
| Q1 25 | $130.8M | $341.3M | ||
| Q4 24 | $177.6M | $417.3M | ||
| Q3 24 | $158.5M | $365.8M | ||
| Q2 24 | $129.6M | $384.4M | ||
| Q1 24 | $157.6M | $492.0M |
总债务MASISSRM
| Q4 25 | — | — | ||
| Q3 25 | $559.1M | — | ||
| Q2 25 | $613.7M | — | ||
| Q1 25 | $651.0M | — | ||
| Q4 24 | $765.2M | $228.6M | ||
| Q3 24 | $772.6M | $228.3M | ||
| Q2 24 | $781.6M | $228.0M | ||
| Q1 24 | $876.0M | $228.7M |
股东权益MASISSRM
| Q4 25 | — | $3.5B | ||
| Q3 25 | $810.0M | $3.3B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $946.4M | $3.2B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.5B | $3.1B | ||
| Q2 24 | $1.4B | $3.1B | ||
| Q1 24 | $1.4B | $3.1B |
总资产MASISSRM
| Q4 25 | — | $6.1B | ||
| Q3 25 | $1.8B | $5.9B | ||
| Q2 25 | $2.4B | $5.8B | ||
| Q1 25 | $2.3B | $5.6B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $3.1B | $5.1B | ||
| Q2 24 | $2.9B | $5.2B | ||
| Q1 24 | $3.0B | $5.3B |
负债/权益比MASISSRM
| Q4 25 | — | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.73× | 0.07× | ||
| Q3 24 | 0.53× | 0.07× | ||
| Q2 24 | 0.57× | 0.07× | ||
| Q1 24 | 0.64× | 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 | $56.8M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $106.4M |
| 自由现金流率自由现金流/营收 | 13.7% | 20.4% |
| 资本支出强度资本支出/营收 | 1.6% | 12.6% |
| 现金转化率经营现金流/净利润 | — | 0.95× |
| 过去12个月自由现金流最近4个季度 | $191.0M | $241.6M |
8季度趋势，按日历期对齐
经营现金流MASISSRM
| Q4 25 | — | $172.1M | ||
| Q3 25 | $56.8M | $57.2M | ||
| Q2 25 | $69.4M | $157.8M | ||
| Q1 25 | $31.1M | $84.8M | ||
| Q4 24 | $50.5M | $95.0M | ||
| Q3 24 | $25.6M | $-1.3M | ||
| Q2 24 | $74.5M | $-78.1M | ||
| Q1 24 | $45.8M | $24.6M |
自由现金流MASISSRM
| Q4 25 | — | $106.4M | ||
| Q3 25 | $50.9M | $-2.4M | ||
| Q2 25 | $65.6M | $98.4M | ||
| Q1 25 | $28.5M | $39.3M | ||
| Q4 24 | $46.0M | $56.4M | ||
| Q3 24 | $16.9M | $-34.1M | ||
| Q2 24 | $66.9M | $-116.3M | ||
| Q1 24 | $37.6M | $-9.4M |
自由现金流率MASISSRM
| Q4 25 | — | 20.4% | ||
| Q3 25 | 13.7% | -0.6% | ||
| Q2 25 | 17.7% | 24.3% | ||
| Q1 25 | 7.7% | 12.4% | ||
| Q4 24 | 7.7% | 17.5% | ||
| Q3 24 | 3.3% | -13.2% | ||
| Q2 24 | 13.5% | -62.9% | ||
| Q1 24 | 7.6% | -4.1% |
资本支出强度MASISSRM
| Q4 25 | — | 12.6% | ||
| Q3 25 | 1.6% | 15.4% | ||
| Q2 25 | 1.0% | 14.7% | ||
| Q1 25 | 0.7% | 14.4% | ||
| Q4 24 | 0.7% | 11.9% | ||
| Q3 24 | 1.7% | 12.7% | ||
| Q2 24 | 1.5% | 20.7% | ||
| Q1 24 | 1.7% | 14.8% |
现金转化率MASISSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | 1.35× | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | 2.61× | -0.13× | ||
| Q2 24 | 4.66× | -8.06× | ||
| Q1 24 | 2.42× | — |
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
MASI
暂无分部数据
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
