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PTC Inc.（PTC）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
PTC Inc.的季度营收约是SSR MINING INC.的1.5倍（$774.3M vs $521.7M），PTC Inc.净利率更高（76.3% vs 34.8%，领先41.5%），SSR MINING INC.同比增速更快（61.4% vs 21.7%），PTC Inc.自由现金流更多（$318.0M vs $106.4M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 22.2%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
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。
PTC vs SSRM — 直观对比
营收规模更大
PTC
是对方的1.5倍
$521.7M
营收增速更快
SSRM
高出39.8%
21.7%
净利率更高
PTC
高出41.5%
34.8%
自由现金流更多
PTC
多$211.6M
$106.4M
两年增速更快
SSRM
近两年复合增速
22.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $774.3M | $521.7M |
| 净利润 | $590.7M | $181.5M |
| 毛利率 | 99.1% | — |
| 营业利润率 | 38.2% | 38.8% |
| 净利率 | 76.3% | 34.8% |
| 营收同比 | 21.7% | 61.4% |
| 净利润同比 | 141.2% | 3166.6% |
| 每股收益（稀释后） | $4.98 | $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PTCSSRM
| Q1 26 | $774.3M | — | ||
| Q4 25 | $685.8M | $521.7M | ||
| Q3 25 | $893.8M | $385.8M | ||
| Q2 25 | $643.9M | $405.5M | ||
| Q1 25 | $636.4M | $316.6M | ||
| Q4 24 | $565.1M | $323.2M | ||
| Q3 24 | $626.5M | $257.4M | ||
| Q2 24 | $518.6M | $184.8M |
净利润PTCSSRM
| Q1 26 | $590.7M | — | ||
| Q4 25 | $166.5M | $181.5M | ||
| Q3 25 | $347.8M | $65.4M | ||
| Q2 25 | $141.3M | $90.1M | ||
| Q1 25 | $162.6M | $58.8M | ||
| Q4 24 | $82.2M | $5.6M | ||
| Q3 24 | $126.5M | $10.6M | ||
| Q2 24 | $69.0M | $9.7M |
毛利率PTCSSRM
| Q1 26 | 99.1% | — | ||
| Q4 25 | 82.8% | — | ||
| Q3 25 | 86.9% | — | ||
| Q2 25 | 82.9% | — | ||
| Q1 25 | 83.3% | — | ||
| Q4 24 | 80.2% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 78.4% | — |
营业利润率PTCSSRM
| Q1 26 | 38.2% | — | ||
| Q4 25 | 32.2% | 38.8% | ||
| Q3 25 | 48.5% | 21.6% | ||
| Q2 25 | 32.6% | 26.9% | ||
| Q1 25 | 35.1% | 21.1% | ||
| Q4 24 | 20.4% | 10.6% | ||
| Q3 24 | 31.0% | 3.5% | ||
| Q2 24 | 18.5% | 5.8% |
净利率PTCSSRM
| Q1 26 | 76.3% | — | ||
| Q4 25 | 24.3% | 34.8% | ||
| Q3 25 | 38.9% | 17.0% | ||
| Q2 25 | 21.9% | 22.2% | ||
| Q1 25 | 25.6% | 18.6% | ||
| Q4 24 | 14.6% | 1.7% | ||
| Q3 24 | 20.2% | 4.1% | ||
| Q2 24 | 13.3% | 5.2% |
每股收益（稀释后）PTCSSRM
| Q1 26 | $4.98 | — | ||
| Q4 25 | $1.39 | $0.84 | ||
| Q3 25 | $2.88 | $0.31 | ||
| Q2 25 | $1.17 | $0.42 | ||
| Q1 25 | $1.35 | $0.28 | ||
| Q4 24 | $0.68 | $0.03 | ||
| Q3 24 | $1.05 | $0.05 | ||
| Q2 24 | $0.57 | $0.05 |
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 | $439.1M | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $3.5B |
| 总资产 | $6.5B | $6.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PTCSSRM
| Q1 26 | $439.1M | — | ||
| Q4 25 | $209.7M | $575.6M | ||
| Q3 25 | $184.4M | $445.4M | ||
| Q2 25 | $199.3M | $438.5M | ||
| Q1 25 | $235.2M | $341.3M | ||
| Q4 24 | $196.3M | $417.3M | ||
| Q3 24 | $265.8M | $365.8M | ||
| Q2 24 | $247.7M | $384.4M |
总债务PTCSSRM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | $228.6M | ||
| Q3 24 | $1.2B | $228.3M | ||
| Q2 24 | $1.3B | $228.0M |
股东权益PTCSSRM
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.8B | $3.5B | ||
| Q3 25 | $3.8B | $3.3B | ||
| Q2 25 | $3.5B | $3.3B | ||
| Q1 25 | $3.4B | $3.2B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.2B | $3.1B | ||
| Q2 24 | $3.0B | $3.1B |
总资产PTCSSRM
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.4B | $6.1B | ||
| Q3 25 | $6.6B | $5.9B | ||
| Q2 25 | $6.2B | $5.8B | ||
| Q1 25 | $6.2B | $5.6B | ||
| Q4 24 | $6.1B | $5.2B | ||
| Q3 24 | $6.4B | $5.1B | ||
| Q2 24 | $6.1B | $5.2B |
负债/权益比PTCSSRM
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | 0.07× | ||
| Q3 24 | 0.38× | 0.07× | ||
| Q2 24 | 0.43× | 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 | $320.9M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $318.0M | $106.4M |
| 自由现金流率自由现金流/营收 | 41.1% | 20.4% |
| 资本支出强度资本支出/营收 | — | 12.6% |
| 现金转化率经营现金流/净利润 | 0.54× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $927.9M | $241.6M |
8季度趋势，按日历期对齐
经营现金流PTCSSRM
| Q1 26 | $320.9M | — | ||
| Q4 25 | $269.7M | $172.1M | ||
| Q3 25 | $104.0M | $57.2M | ||
| Q2 25 | $243.9M | $157.8M | ||
| Q1 25 | $281.3M | $84.8M | ||
| Q4 24 | $238.4M | $95.0M | ||
| Q3 24 | $98.1M | $-1.3M | ||
| Q2 24 | $213.8M | $-78.1M |
自由现金流PTCSSRM
| Q1 26 | $318.0M | — | ||
| Q4 25 | $267.4M | $106.4M | ||
| Q3 25 | $100.5M | $-2.4M | ||
| Q2 25 | $242.0M | $98.4M | ||
| Q1 25 | $278.5M | $39.3M | ||
| Q4 24 | $235.7M | $56.4M | ||
| Q3 24 | $93.6M | $-34.1M | ||
| Q2 24 | $212.2M | $-116.3M |
自由现金流率PTCSSRM
| Q1 26 | 41.1% | — | ||
| Q4 25 | 39.0% | 20.4% | ||
| Q3 25 | 11.2% | -0.6% | ||
| Q2 25 | 37.6% | 24.3% | ||
| Q1 25 | 43.8% | 12.4% | ||
| Q4 24 | 41.7% | 17.5% | ||
| Q3 24 | 14.9% | -13.2% | ||
| Q2 24 | 40.9% | -62.9% |
资本支出强度PTCSSRM
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 12.6% | ||
| Q3 25 | 0.4% | 15.4% | ||
| Q2 25 | 0.3% | 14.7% | ||
| Q1 25 | 0.4% | 14.4% | ||
| Q4 24 | 0.5% | 11.9% | ||
| Q3 24 | 0.7% | 12.7% | ||
| Q2 24 | 0.3% | 20.7% |
现金转化率PTCSSRM
| Q1 26 | 0.54× | — | ||
| Q4 25 | 1.62× | 0.95× | ||
| Q3 25 | 0.30× | 0.87× | ||
| Q2 25 | 1.73× | 1.75× | ||
| Q1 25 | 1.73× | 1.44× | ||
| Q4 24 | 2.90× | 17.10× | ||
| Q3 24 | 0.78× | -0.13× | ||
| Q2 24 | 3.10× | -8.06× |
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
PTC
| Recurring revenue | $743.4M | 96% |
| Other | $24.0M | 3% |
| Perpetual license | $6.9M | 1% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
