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Mativ Holdings, Inc.（MATV）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Mativ Holdings, Inc.的1.1倍（$521.7M vs $463.1M），SSR MINING INC.净利率更高（34.8% vs 21.8%，领先13.0%），SSR MINING INC.同比增速更快（61.4% vs 1.0%），SSR MINING INC.自由现金流更多（$106.4M vs $8.0M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -3.8%）
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
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。
MATV vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.1倍
$463.1M
营收增速更快
SSRM
高出60.5%
1.0%
净利率更高
SSRM
高出13.0%
21.8%
自由现金流更多
SSRM
多$98.4M
$8.0M
两年增速更快
SSRM
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $521.7M |
| 净利润 | $100.8M | $181.5M |
| 毛利率 | 18.8% | — |
| 营业利润率 | 2.2% | 38.8% |
| 净利率 | 21.8% | 34.8% |
| 营收同比 | 1.0% | 61.4% |
| 净利润同比 | 6620.0% | 3166.6% |
| 每股收益（稀释后） | $1.87 | $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MATVSSRM
| Q4 25 | $463.1M | $521.7M | ||
| Q3 25 | $513.7M | $385.8M | ||
| Q2 25 | $525.4M | $405.5M | ||
| Q1 25 | $484.8M | $316.6M | ||
| Q4 24 | $458.6M | $323.2M | ||
| Q3 24 | $498.5M | $257.4M | ||
| Q2 24 | $523.8M | $184.8M | ||
| Q1 24 | $500.2M | $230.2M |
净利润MATVSSRM
| Q4 25 | $100.8M | $181.5M | ||
| Q3 25 | $-3.2M | $65.4M | ||
| Q2 25 | $-9.5M | $90.1M | ||
| Q1 25 | $-425.5M | $58.8M | ||
| Q4 24 | $1.5M | $5.6M | ||
| Q3 24 | $-20.8M | $10.6M | ||
| Q2 24 | $-1.4M | $9.7M | ||
| Q1 24 | $-28.0M | $-287.1M |
毛利率MATVSSRM
| Q4 25 | 18.8% | — | ||
| Q3 25 | 19.3% | — | ||
| Q2 25 | 19.7% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 18.8% | — | ||
| Q2 24 | 20.8% | — | ||
| Q1 24 | 16.8% | — |
营业利润率MATVSSRM
| Q4 25 | 2.2% | 38.8% | ||
| Q3 25 | 3.1% | 21.6% | ||
| Q2 25 | 3.8% | 26.9% | ||
| Q1 25 | -88.8% | 21.1% | ||
| Q4 24 | 0.6% | 10.6% | ||
| Q3 24 | 1.4% | 3.5% | ||
| Q2 24 | 2.0% | 5.8% | ||
| Q1 24 | -2.8% | -163.5% |
净利率MATVSSRM
| Q4 25 | 21.8% | 34.8% | ||
| Q3 25 | -0.6% | 17.0% | ||
| Q2 25 | -1.8% | 22.2% | ||
| Q1 25 | -87.8% | 18.6% | ||
| Q4 24 | 0.3% | 1.7% | ||
| Q3 24 | -4.2% | 4.1% | ||
| Q2 24 | -0.3% | 5.2% | ||
| Q1 24 | -5.6% | -124.7% |
每股收益（稀释后）MATVSSRM
| Q4 25 | $1.87 | $0.84 | ||
| Q3 25 | $-0.06 | $0.31 | ||
| Q2 25 | $-0.18 | $0.42 | ||
| Q1 25 | $-7.82 | $0.28 | ||
| Q4 24 | $0.03 | $0.03 | ||
| Q3 24 | $-0.38 | $0.05 | ||
| Q2 24 | $-0.03 | $0.05 | ||
| Q1 24 | $-0.52 | $-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 | $84.2M | $575.6M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $3.5B |
| 总资产 | $2.1B | $6.1B |
| 负债/权益比越低杠杆越低 | 2.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MATVSSRM
| Q4 25 | $84.2M | $575.6M | ||
| Q3 25 | $97.1M | $445.4M | ||
| Q2 25 | $95.6M | $438.5M | ||
| Q1 25 | $84.0M | $341.3M | ||
| Q4 24 | $94.3M | $417.3M | ||
| Q3 24 | $162.2M | $365.8M | ||
| Q2 24 | $133.4M | $384.4M | ||
| Q1 24 | $128.9M | $492.0M |
总债务MATVSSRM
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | $228.6M | ||
| Q3 24 | $1.2B | $228.3M | ||
| Q2 24 | $1.2B | $228.0M | ||
| Q1 24 | $1.2B | $228.7M |
股东权益MATVSSRM
| Q4 25 | $498.7M | $3.5B | ||
| Q3 25 | $397.4M | $3.3B | ||
| Q2 25 | $416.6M | $3.3B | ||
| Q1 25 | $428.2M | $3.2B | ||
| Q4 24 | $858.5M | $3.1B | ||
| Q3 24 | $882.3M | $3.1B | ||
| Q2 24 | $898.0M | $3.1B | ||
| Q1 24 | $906.9M | $3.1B |
总资产MATVSSRM
| Q4 25 | $2.1B | $6.1B | ||
| Q3 25 | $2.0B | $5.9B | ||
| Q2 25 | $2.1B | $5.8B | ||
| Q1 25 | $2.1B | $5.6B | ||
| Q4 24 | $2.4B | $5.2B | ||
| Q3 24 | $2.6B | $5.1B | ||
| Q2 24 | $2.6B | $5.2B | ||
| Q1 24 | $2.7B | $5.3B |
负债/权益比MATVSSRM
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | 0.07× | ||
| Q3 24 | 1.32× | 0.07× | ||
| Q2 24 | 1.29× | 0.07× | ||
| Q1 24 | 1.30× | 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 | $19.3M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $106.4M |
| 自由现金流率自由现金流/营收 | 1.7% | 20.4% |
| 资本支出强度资本支出/营收 | 2.4% | 12.6% |
| 现金转化率经营现金流/净利润 | 0.19× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $241.6M |
8季度趋势，按日历期对齐
经营现金流MATVSSRM
| Q4 25 | $19.3M | $172.1M | ||
| Q3 25 | $72.8M | $57.2M | ||
| Q2 25 | $57.6M | $157.8M | ||
| Q1 25 | $-15.9M | $84.8M | ||
| Q4 24 | $24.1M | $95.0M | ||
| Q3 24 | $37.6M | $-1.3M | ||
| Q2 24 | $46.1M | $-78.1M | ||
| Q1 24 | $-13.0M | $24.6M |
自由现金流MATVSSRM
| Q4 25 | $8.0M | $106.4M | ||
| Q3 25 | $66.7M | $-2.4M | ||
| Q2 25 | $48.9M | $98.4M | ||
| Q1 25 | $-29.8M | $39.3M | ||
| Q4 24 | $2.0M | $56.4M | ||
| Q3 24 | $25.5M | $-34.1M | ||
| Q2 24 | $37.4M | $-116.3M | ||
| Q1 24 | $-25.1M | $-9.4M |
自由现金流率MATVSSRM
| Q4 25 | 1.7% | 20.4% | ||
| Q3 25 | 13.0% | -0.6% | ||
| Q2 25 | 9.3% | 24.3% | ||
| Q1 25 | -6.1% | 12.4% | ||
| Q4 24 | 0.4% | 17.5% | ||
| Q3 24 | 5.1% | -13.2% | ||
| Q2 24 | 7.1% | -62.9% | ||
| Q1 24 | -5.0% | -4.1% |
资本支出强度MATVSSRM
| Q4 25 | 2.4% | 12.6% | ||
| Q3 25 | 1.2% | 15.4% | ||
| Q2 25 | 1.7% | 14.7% | ||
| Q1 25 | 2.9% | 14.4% | ||
| Q4 24 | 4.8% | 11.9% | ||
| Q3 24 | 2.4% | 12.7% | ||
| Q2 24 | 1.7% | 20.7% | ||
| Q1 24 | 2.4% | 14.8% |
现金转化率MATVSSRM
| Q4 25 | 0.19× | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 16.07× | 17.10× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | — | -8.06× | ||
| 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
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
