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摩丁制造（MOD）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
摩丁制造的季度营收约是SSR MINING INC.的1.5倍（$805.0M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs -5.9%，领先40.7%），SSR MINING INC.同比增速更快（61.4% vs 30.5%），SSR MINING INC.自由现金流更多（$106.4M vs $-17.1M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 15.5%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
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。
MOD vs SSRM — 直观对比
营收规模更大
MOD
是对方的1.5倍
$521.7M
营收增速更快
SSRM
高出30.9%
30.5%
净利率更高
SSRM
高出40.7%
-5.9%
自由现金流更多
SSRM
多$123.5M
$-17.1M
两年增速更快
SSRM
近两年复合增速
15.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $521.7M |
| 净利润 | $-47.4M | $181.5M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 11.1% | 38.8% |
| 净利率 | -5.9% | 34.8% |
| 营收同比 | 30.5% | 61.4% |
| 净利润同比 | -215.6% | 3166.6% |
| 每股收益（稀释后） | $-0.90 | $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MODSSRM
| Q4 25 | $805.0M | $521.7M | ||
| Q3 25 | $738.9M | $385.8M | ||
| Q2 25 | $682.8M | $405.5M | ||
| Q1 25 | $647.2M | $316.6M | ||
| Q4 24 | $616.8M | $323.2M | ||
| Q3 24 | $658.0M | $257.4M | ||
| Q2 24 | $661.5M | $184.8M | ||
| Q1 24 | $603.5M | $230.2M |
净利润MODSSRM
| Q4 25 | $-47.4M | $181.5M | ||
| Q3 25 | $44.4M | $65.4M | ||
| Q2 25 | $51.2M | $90.1M | ||
| Q1 25 | $49.6M | $58.8M | ||
| Q4 24 | $41.0M | $5.6M | ||
| Q3 24 | $46.1M | $10.6M | ||
| Q2 24 | $47.3M | $9.7M | ||
| Q1 24 | $25.8M | $-287.1M |
毛利率MODSSRM
| Q4 25 | 23.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | 22.4% | — |
营业利润率MODSSRM
| Q4 25 | 11.1% | 38.8% | ||
| Q3 25 | 9.9% | 21.6% | ||
| Q2 25 | 11.1% | 26.9% | ||
| Q1 25 | 11.5% | 21.1% | ||
| Q4 24 | 9.6% | 10.6% | ||
| Q3 24 | 11.4% | 3.5% | ||
| Q2 24 | 11.2% | 5.8% | ||
| Q1 24 | 7.8% | -163.5% |
净利率MODSSRM
| Q4 25 | -5.9% | 34.8% | ||
| Q3 25 | 6.0% | 17.0% | ||
| Q2 25 | 7.5% | 22.2% | ||
| Q1 25 | 7.7% | 18.6% | ||
| Q4 24 | 6.6% | 1.7% | ||
| Q3 24 | 7.0% | 4.1% | ||
| Q2 24 | 7.2% | 5.2% | ||
| Q1 24 | 4.3% | -124.7% |
每股收益（稀释后）MODSSRM
| Q4 25 | $-0.90 | $0.84 | ||
| Q3 25 | $0.83 | $0.31 | ||
| Q2 25 | $0.95 | $0.42 | ||
| Q1 25 | $0.92 | $0.28 | ||
| Q4 24 | $0.76 | $0.03 | ||
| Q3 24 | $0.86 | $0.05 | ||
| Q2 24 | $0.88 | $0.05 | ||
| Q1 24 | $0.48 | $-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 | $98.7M | $575.6M |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $3.5B |
| 总资产 | $2.5B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODSSRM
| Q4 25 | $98.7M | $575.6M | ||
| Q3 25 | $83.8M | $445.4M | ||
| Q2 25 | $124.5M | $438.5M | ||
| Q1 25 | $71.6M | $341.3M | ||
| Q4 24 | $83.8M | $417.3M | ||
| Q3 24 | $78.6M | $365.8M | ||
| Q2 24 | $72.9M | $384.4M | ||
| Q1 24 | $60.1M | $492.0M |
总债务MODSSRM
| Q4 25 | $570.7M | — | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | $228.6M | ||
| Q3 24 | $359.1M | $228.3M | ||
| Q2 24 | $405.7M | $228.0M | ||
| Q1 24 | $399.9M | $228.7M |
股东权益MODSSRM
| Q4 25 | $1.1B | $3.5B | ||
| Q3 25 | $1.1B | $3.3B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $910.2M | $3.2B | ||
| Q4 24 | $855.1M | $3.1B | ||
| Q3 24 | $858.8M | $3.1B | ||
| Q2 24 | $788.4M | $3.1B | ||
| Q1 24 | $747.6M | $3.1B |
总资产MODSSRM
| Q4 25 | $2.5B | $6.1B | ||
| Q3 25 | $2.4B | $5.9B | ||
| Q2 25 | $2.2B | $5.8B | ||
| Q1 25 | $1.9B | $5.6B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.9B | $5.1B | ||
| Q2 24 | $1.9B | $5.2B | ||
| Q1 24 | $1.9B | $5.3B |
负债/权益比MODSSRM
| Q4 25 | 0.51× | — | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | 0.07× | ||
| Q3 24 | 0.42× | 0.07× | ||
| Q2 24 | 0.51× | 0.07× | ||
| Q1 24 | 0.53× | 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 | $24.7M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $106.4M |
| 自由现金流率自由现金流/营收 | -2.1% | 20.4% |
| 资本支出强度资本支出/营收 | 5.2% | 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 | $-20.3M | $241.6M |
8季度趋势，按日历期对齐
经营现金流MODSSRM
| Q4 25 | $24.7M | $172.1M | ||
| Q3 25 | $1.4M | $57.2M | ||
| Q2 25 | $27.7M | $157.8M | ||
| Q1 25 | $54.8M | $84.8M | ||
| Q4 24 | $60.7M | $95.0M | ||
| Q3 24 | $57.3M | $-1.3M | ||
| Q2 24 | $40.5M | $-78.1M | ||
| Q1 24 | $39.6M | $24.6M |
自由现金流MODSSRM
| Q4 25 | $-17.1M | $106.4M | ||
| Q3 25 | $-30.5M | $-2.4M | ||
| Q2 25 | $200.0K | $98.4M | ||
| Q1 25 | $27.1M | $39.3M | ||
| Q4 24 | $44.7M | $56.4M | ||
| Q3 24 | $43.8M | $-34.1M | ||
| Q2 24 | $13.7M | $-116.3M | ||
| Q1 24 | $-4.3M | $-9.4M |
自由现金流率MODSSRM
| Q4 25 | -2.1% | 20.4% | ||
| Q3 25 | -4.1% | -0.6% | ||
| Q2 25 | 0.0% | 24.3% | ||
| Q1 25 | 4.2% | 12.4% | ||
| Q4 24 | 7.2% | 17.5% | ||
| Q3 24 | 6.7% | -13.2% | ||
| Q2 24 | 2.1% | -62.9% | ||
| Q1 24 | -0.7% | -4.1% |
资本支出强度MODSSRM
| Q4 25 | 5.2% | 12.6% | ||
| Q3 25 | 4.3% | 15.4% | ||
| Q2 25 | 4.0% | 14.7% | ||
| Q1 25 | 4.3% | 14.4% | ||
| Q4 24 | 2.6% | 11.9% | ||
| Q3 24 | 2.1% | 12.7% | ||
| Q2 24 | 4.1% | 20.7% | ||
| Q1 24 | 7.3% | 14.8% |
现金转化率MODSSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | 0.03× | 0.87× | ||
| Q2 25 | 0.54× | 1.75× | ||
| Q1 25 | 1.10× | 1.44× | ||
| Q4 24 | 1.48× | 17.10× | ||
| Q3 24 | 1.24× | -0.13× | ||
| Q2 24 | 0.86× | -8.06× | ||
| Q1 24 | 1.53× | — |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
