vs
美森（MATX）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
美森的季度营收约是SSR MINING INC.的1.6倍（$851.9M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 16.8%，领先18.0%），SSR MINING INC.同比增速更快（61.4% vs -4.3%），SSR MINING INC.自由现金流更多（$106.4M vs $42.2M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 8.6%）
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
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。
MATX vs SSRM — 直观对比
营收规模更大
MATX
是对方的1.6倍
$521.7M
营收增速更快
SSRM
高出65.7%
-4.3%
净利率更高
SSRM
高出18.0%
16.8%
自由现金流更多
SSRM
多$64.2M
$42.2M
两年增速更快
SSRM
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.9M | $521.7M |
| 净利润 | $143.1M | $181.5M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 38.8% |
| 净利率 | 16.8% | 34.8% |
| 营收同比 | -4.3% | 61.4% |
| 净利润同比 | 11.8% | 3166.6% |
| 每股收益（稀释后） | $4.47 | $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MATXSSRM
| Q4 25 | $851.9M | $521.7M | ||
| Q3 25 | $880.1M | $385.8M | ||
| Q2 25 | $830.5M | $405.5M | ||
| Q1 25 | $782.0M | $316.6M | ||
| Q4 24 | $890.3M | $323.2M | ||
| Q3 24 | $962.0M | $257.4M | ||
| Q2 24 | $847.4M | $184.8M | ||
| Q1 24 | $722.1M | $230.2M |
净利润MATXSSRM
| Q4 25 | $143.1M | $181.5M | ||
| Q3 25 | $134.7M | $65.4M | ||
| Q2 25 | $94.7M | $90.1M | ||
| Q1 25 | $72.3M | $58.8M | ||
| Q4 24 | $128.0M | $5.6M | ||
| Q3 24 | $199.1M | $10.6M | ||
| Q2 24 | $113.2M | $9.7M | ||
| Q1 24 | $36.1M | $-287.1M |
营业利润率MATXSSRM
| Q4 25 | 16.9% | 38.8% | ||
| Q3 25 | 18.3% | 21.6% | ||
| Q2 25 | 13.6% | 26.9% | ||
| Q1 25 | 10.5% | 21.1% | ||
| Q4 24 | 16.6% | 10.6% | ||
| Q3 24 | 25.2% | 3.5% | ||
| Q2 24 | 14.7% | 5.8% | ||
| Q1 24 | 5.1% | -163.5% |
净利率MATXSSRM
| Q4 25 | 16.8% | 34.8% | ||
| Q3 25 | 15.3% | 17.0% | ||
| Q2 25 | 11.4% | 22.2% | ||
| Q1 25 | 9.2% | 18.6% | ||
| Q4 24 | 14.4% | 1.7% | ||
| Q3 24 | 20.7% | 4.1% | ||
| Q2 24 | 13.4% | 5.2% | ||
| Q1 24 | 5.0% | -124.7% |
每股收益（稀释后）MATXSSRM
| Q4 25 | $4.47 | $0.84 | ||
| Q3 25 | $4.24 | $0.31 | ||
| Q2 25 | $2.92 | $0.42 | ||
| Q1 25 | $2.18 | $0.28 | ||
| Q4 24 | $3.69 | $0.03 | ||
| Q3 24 | $5.89 | $0.05 | ||
| Q2 24 | $3.31 | $0.05 | ||
| Q1 24 | $1.04 | $-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 | $141.9M | $575.6M |
| 总债务越低越好 | $361.2M | — |
| 股东权益账面价值 | $2.8B | $3.5B |
| 总资产 | $4.6B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.13× | — |
8季度趋势，按日历期对齐
现金及短期投资MATXSSRM
| Q4 25 | $141.9M | $575.6M | ||
| Q3 25 | $92.7M | $445.4M | ||
| Q2 25 | $59.1M | $438.5M | ||
| Q1 25 | $122.0M | $341.3M | ||
| Q4 24 | $266.8M | $417.3M | ||
| Q3 24 | $270.3M | $365.8M | ||
| Q2 24 | $168.2M | $384.4M | ||
| Q1 24 | $25.9M | $492.0M |
总债务MATXSSRM
| Q4 25 | $361.2M | — | ||
| Q3 25 | $370.9M | — | ||
| Q2 25 | $341.3M | — | ||
| Q1 25 | $351.1M | — | ||
| Q4 24 | $361.2M | $228.6M | ||
| Q3 24 | $370.9M | $228.3M | ||
| Q2 24 | $381.0M | $228.0M | ||
| Q1 24 | $390.8M | $228.7M |
股东权益MATXSSRM
| Q4 25 | $2.8B | $3.5B | ||
| Q3 25 | $2.7B | $3.3B | ||
| Q2 25 | $2.6B | $3.3B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.7B | $3.1B | ||
| Q3 24 | $2.6B | $3.1B | ||
| Q2 24 | $2.4B | $3.1B | ||
| Q1 24 | $2.4B | $3.1B |
总资产MATXSSRM
| Q4 25 | $4.6B | $6.1B | ||
| Q3 25 | $4.6B | $5.9B | ||
| Q2 25 | $4.5B | $5.8B | ||
| Q1 25 | $4.5B | $5.6B | ||
| Q4 24 | $4.6B | $5.2B | ||
| Q3 24 | $4.4B | $5.1B | ||
| Q2 24 | $4.3B | $5.2B | ||
| Q1 24 | $4.2B | $5.3B |
负债/权益比MATXSSRM
| Q4 25 | 0.13× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 0.07× | ||
| Q3 24 | 0.15× | 0.07× | ||
| Q2 24 | 0.16× | 0.07× | ||
| Q1 24 | 0.16× | 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 | $176.9M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $106.4M |
| 自由现金流率自由现金流/营收 | 5.0% | 20.4% |
| 资本支出强度资本支出/营收 | 15.8% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.24× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $153.7M | $241.6M |
8季度趋势，按日历期对齐
经营现金流MATXSSRM
| Q4 25 | $176.9M | $172.1M | ||
| Q3 25 | $175.6M | $57.2M | ||
| Q2 25 | $105.6M | $157.8M | ||
| Q1 25 | $89.0M | $84.8M | ||
| Q4 24 | $174.7M | $95.0M | ||
| Q3 24 | $248.6M | $-1.3M | ||
| Q2 24 | $307.9M | $-78.1M | ||
| Q1 24 | $36.6M | $24.6M |
自由现金流MATXSSRM
| Q4 25 | $42.2M | $106.4M | ||
| Q3 25 | $92.4M | $-2.4M | ||
| Q2 25 | $19.3M | $98.4M | ||
| Q1 25 | $-200.0K | $39.3M | ||
| Q4 24 | $49.3M | $56.4M | ||
| Q3 24 | $189.0M | $-34.1M | ||
| Q2 24 | $238.1M | $-116.3M | ||
| Q1 24 | $-18.7M | $-9.4M |
自由现金流率MATXSSRM
| Q4 25 | 5.0% | 20.4% | ||
| Q3 25 | 10.5% | -0.6% | ||
| Q2 25 | 2.3% | 24.3% | ||
| Q1 25 | -0.0% | 12.4% | ||
| Q4 24 | 5.5% | 17.5% | ||
| Q3 24 | 19.6% | -13.2% | ||
| Q2 24 | 28.1% | -62.9% | ||
| Q1 24 | -2.6% | -4.1% |
资本支出强度MATXSSRM
| Q4 25 | 15.8% | 12.6% | ||
| Q3 25 | 9.5% | 15.4% | ||
| Q2 25 | 10.4% | 14.7% | ||
| Q1 25 | 11.4% | 14.4% | ||
| Q4 24 | 14.1% | 11.9% | ||
| Q3 24 | 6.2% | 12.7% | ||
| Q2 24 | 8.2% | 20.7% | ||
| Q1 24 | 7.7% | 14.8% |
现金转化率MATXSSRM
| Q4 25 | 1.24× | 0.95× | ||
| Q3 25 | 1.30× | 0.87× | ||
| Q2 25 | 1.12× | 1.75× | ||
| Q1 25 | 1.23× | 1.44× | ||
| Q4 24 | 1.36× | 17.10× | ||
| Q3 24 | 1.25× | -0.13× | ||
| Q2 24 | 2.72× | -8.06× | ||
| Q1 24 | 1.01× | — |
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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
