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MSC INDUSTRIAL DIRECT CO INC（MSM）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
MSC INDUSTRIAL DIRECT CO INC的季度营收约是SSR MINING INC.的1.9倍（$965.7M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 5.4%，领先29.4%），SSR MINING INC.同比增速更快（61.4% vs 4.0%），SSR MINING INC.自由现金流更多（$106.4M vs $7.4M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -3.4%）
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
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。
MSM vs SSRM — 直观对比
营收规模更大
MSM
是对方的1.9倍
$521.7M
营收增速更快
SSRM
高出57.4%
4.0%
净利率更高
SSRM
高出29.4%
5.4%
自由现金流更多
SSRM
多$99.0M
$7.4M
两年增速更快
SSRM
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $521.7M |
| 净利润 | $51.8M | $181.5M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 7.9% | 38.8% |
| 净利率 | 5.4% | 34.8% |
| 营收同比 | 4.0% | 61.4% |
| 净利润同比 | 11.1% | 3166.6% |
| 每股收益（稀释后） | $0.93 | $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MSMSSRM
| Q4 25 | $965.7M | $521.7M | ||
| Q3 25 | $978.2M | $385.8M | ||
| Q2 25 | $971.1M | $405.5M | ||
| Q1 25 | — | $316.6M | ||
| Q4 24 | $928.5M | $323.2M | ||
| Q3 24 | — | $257.4M | ||
| Q2 24 | $979.4M | $184.8M | ||
| Q1 24 | $935.3M | $230.2M |
净利润MSMSSRM
| Q4 25 | $51.8M | $181.5M | ||
| Q3 25 | $56.5M | $65.4M | ||
| Q2 25 | $56.8M | $90.1M | ||
| Q1 25 | — | $58.8M | ||
| Q4 24 | $46.6M | $5.6M | ||
| Q3 24 | — | $10.6M | ||
| Q2 24 | $71.7M | $9.7M | ||
| Q1 24 | $61.8M | $-287.1M |
毛利率MSMSSRM
| Q4 25 | 40.7% | — | ||
| Q3 25 | 40.4% | — | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 40.7% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.5% | — |
营业利润率MSMSSRM
| Q4 25 | 7.9% | 38.8% | ||
| Q3 25 | 8.6% | 21.6% | ||
| Q2 25 | 8.5% | 26.9% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | 7.8% | 10.6% | ||
| Q3 24 | — | 3.5% | ||
| Q2 24 | 10.9% | 5.8% | ||
| Q1 24 | 9.7% | -163.5% |
净利率MSMSSRM
| Q4 25 | 5.4% | 34.8% | ||
| Q3 25 | 5.8% | 17.0% | ||
| Q2 25 | 5.9% | 22.2% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | 5.0% | 1.7% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | 7.3% | 5.2% | ||
| Q1 24 | 6.6% | -124.7% |
每股收益（稀释后）MSMSSRM
| Q4 25 | $0.93 | $0.84 | ||
| Q3 25 | $1.02 | $0.31 | ||
| Q2 25 | $1.02 | $0.42 | ||
| Q1 25 | — | $0.28 | ||
| Q4 24 | $0.83 | $0.03 | ||
| Q3 24 | — | $0.05 | ||
| Q2 24 | $1.27 | $0.05 | ||
| Q1 24 | $1.10 | $-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 | $40.3M | $575.6M |
| 总债务越低越好 | $214.1M | — |
| 股东权益账面价值 | $1.4B | $3.5B |
| 总资产 | $2.5B | $6.1B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资MSMSSRM
| Q4 25 | $40.3M | $575.6M | ||
| Q3 25 | $56.2M | $445.4M | ||
| Q2 25 | $71.7M | $438.5M | ||
| Q1 25 | — | $341.3M | ||
| Q4 24 | $57.3M | $417.3M | ||
| Q3 24 | — | $365.8M | ||
| Q2 24 | $25.9M | $384.4M | ||
| Q1 24 | $22.2M | $492.0M |
总债务MSMSSRM
| Q4 25 | $214.1M | — | ||
| Q3 25 | $168.8M | — | ||
| Q2 25 | $285.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $289.9M | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | $299.8M | $228.0M | ||
| Q1 24 | $294.5M | $228.7M |
股东权益MSMSSRM
| Q4 25 | $1.4B | $3.5B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $1.4B | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | $1.4B | $3.1B | ||
| Q1 24 | $1.4B | $3.1B |
总资产MSMSSRM
| Q4 25 | $2.5B | $6.1B | ||
| Q3 25 | $2.5B | $5.9B | ||
| Q2 25 | $2.5B | $5.8B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | $2.5B | $5.2B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | $2.5B | $5.2B | ||
| Q1 24 | $2.5B | $5.3B |
负债/权益比MSMSSRM
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | 0.21× | 0.07× | ||
| Q1 24 | 0.21× | 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 | $29.4M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $106.4M |
| 自由现金流率自由现金流/营收 | 0.8% | 20.4% |
| 资本支出强度资本支出/营收 | 2.3% | 12.6% |
| 现金转化率经营现金流/净利润 | 0.57× | 0.95× |
| 过去12个月自由现金流最近4个季度 | — | $241.6M |
8季度趋势，按日历期对齐
经营现金流MSMSSRM
| Q4 25 | $29.4M | $172.1M | ||
| Q3 25 | — | $57.2M | ||
| Q2 25 | $151.6M | $157.8M | ||
| Q1 25 | — | $84.8M | ||
| Q4 24 | $101.9M | $95.0M | ||
| Q3 24 | — | $-1.3M | ||
| Q2 24 | $143.5M | $-78.1M | ||
| Q1 24 | $78.7M | $24.6M |
自由现金流MSMSSRM
| Q4 25 | $7.4M | $106.4M | ||
| Q3 25 | — | $-2.4M | ||
| Q2 25 | $100.7M | $98.4M | ||
| Q1 25 | — | $39.3M | ||
| Q4 24 | $81.7M | $56.4M | ||
| Q3 24 | — | $-34.1M | ||
| Q2 24 | $114.0M | $-116.3M | ||
| Q1 24 | $53.4M | $-9.4M |
自由现金流率MSMSSRM
| Q4 25 | 0.8% | 20.4% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | 10.4% | 24.3% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | 8.8% | 17.5% | ||
| Q3 24 | — | -13.2% | ||
| Q2 24 | 11.6% | -62.9% | ||
| Q1 24 | 5.7% | -4.1% |
资本支出强度MSMSSRM
| Q4 25 | 2.3% | 12.6% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | 5.2% | 14.7% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | 2.2% | 11.9% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | 3.0% | 20.7% | ||
| Q1 24 | 2.7% | 14.8% |
现金转化率MSMSSRM
| Q4 25 | 0.57× | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | 2.67× | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | 2.18× | 17.10× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | 2.00× | -8.06× | ||
| Q1 24 | 1.27× | — |
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
MSM
暂无分部数据
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
