vs
RH（RH）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
RH的季度营收约是SSR MINING INC.的1.7倍（$883.8M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 4.1%，领先30.7%），SSR MINING INC.同比增速更快（61.4% vs 8.9%），SSR MINING INC.自由现金流更多（$106.4M vs $83.0M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 9.4%）
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
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。
RH vs SSRM — 直观对比
营收规模更大
RH
是对方的1.7倍
$521.7M
营收增速更快
SSRM
高出52.6%
8.9%
净利率更高
SSRM
高出30.7%
4.1%
自由现金流更多
SSRM
多$23.3M
$83.0M
两年增速更快
SSRM
近两年复合增速
9.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $521.7M |
| 净利润 | $36.3M | $181.5M |
| 毛利率 | 44.1% | — |
| 营业利润率 | 12.0% | 38.8% |
| 净利率 | 4.1% | 34.8% |
| 营收同比 | 8.9% | 61.4% |
| 净利润同比 | 9.3% | 3166.6% |
| 每股收益（稀释后） | $1.83 | $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RHSSRM
| Q4 25 | $883.8M | $521.7M | ||
| Q3 25 | $899.2M | $385.8M | ||
| Q2 25 | $814.0M | $405.5M | ||
| Q1 25 | $812.4M | $316.6M | ||
| Q4 24 | $811.7M | $323.2M | ||
| Q3 24 | $829.7M | $257.4M | ||
| Q2 24 | $727.0M | $184.8M | ||
| Q1 24 | $738.3M | $230.2M |
净利润RHSSRM
| Q4 25 | $36.3M | $181.5M | ||
| Q3 25 | $51.7M | $65.4M | ||
| Q2 25 | $8.0M | $90.1M | ||
| Q1 25 | $13.9M | $58.8M | ||
| Q4 24 | $33.2M | $5.6M | ||
| Q3 24 | $29.0M | $10.6M | ||
| Q2 24 | $-3.6M | $9.7M | ||
| Q1 24 | $11.4M | $-287.1M |
毛利率RHSSRM
| Q4 25 | 44.1% | — | ||
| Q3 25 | 45.5% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.5% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 43.5% | — | ||
| Q1 24 | 43.5% | — |
营业利润率RHSSRM
| Q4 25 | 12.0% | 38.8% | ||
| Q3 25 | 14.3% | 21.6% | ||
| Q2 25 | 6.9% | 26.9% | ||
| Q1 25 | 8.7% | 21.1% | ||
| Q4 24 | 12.5% | 10.6% | ||
| Q3 24 | 11.6% | 3.5% | ||
| Q2 24 | 7.5% | 5.8% | ||
| Q1 24 | 8.7% | -163.5% |
净利率RHSSRM
| Q4 25 | 4.1% | 34.8% | ||
| Q3 25 | 5.8% | 17.0% | ||
| Q2 25 | 1.0% | 22.2% | ||
| Q1 25 | 1.7% | 18.6% | ||
| Q4 24 | 4.1% | 1.7% | ||
| Q3 24 | 3.5% | 4.1% | ||
| Q2 24 | -0.5% | 5.2% | ||
| Q1 24 | 1.5% | -124.7% |
每股收益（稀释后）RHSSRM
| Q4 25 | $1.83 | $0.84 | ||
| Q3 25 | $2.62 | $0.31 | ||
| Q2 25 | $0.40 | $0.42 | ||
| Q1 25 | $0.71 | $0.28 | ||
| Q4 24 | $1.66 | $0.03 | ||
| Q3 24 | $1.45 | $0.05 | ||
| Q2 24 | $-0.20 | $0.05 | ||
| Q1 24 | $0.91 | $-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 | $43.1M | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | $3.5B |
| 总资产 | $4.8B | $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RHSSRM
| Q4 25 | $43.1M | $575.6M | ||
| Q3 25 | $34.6M | $445.4M | ||
| Q2 25 | $46.1M | $438.5M | ||
| Q1 25 | $30.4M | $341.3M | ||
| Q4 24 | $87.0M | $417.3M | ||
| Q3 24 | $78.3M | $365.8M | ||
| Q2 24 | $101.8M | $384.4M | ||
| Q1 24 | $123.7M | $492.0M |
总债务RHSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $228.6M | ||
| Q3 24 | — | $228.3M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益RHSSRM
| Q4 25 | $3.3M | $3.5B | ||
| Q3 25 | $-40.9M | $3.3B | ||
| Q2 25 | $-110.8M | $3.3B | ||
| Q1 25 | $-163.6M | $3.2B | ||
| Q4 24 | $-183.0M | $3.1B | ||
| Q3 24 | $-234.7M | $3.1B | ||
| Q2 24 | $-289.9M | $3.1B | ||
| Q1 24 | $-297.4M | $3.1B |
总资产RHSSRM
| Q4 25 | $4.8B | $6.1B | ||
| Q3 25 | $4.7B | $5.9B | ||
| Q2 25 | $4.7B | $5.8B | ||
| Q1 25 | $4.6B | $5.6B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.4B | $5.1B | ||
| Q2 24 | $4.2B | $5.2B | ||
| Q1 24 | $4.1B | $5.3B |
负债/权益比RHSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 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 | $131.9M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $106.4M |
| 自由现金流率自由现金流/营收 | 9.4% | 20.4% |
| 资本支出强度资本支出/营收 | 5.5% | 12.6% |
| 现金转化率经营现金流/净利润 | 3.64× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $128.1M | $241.6M |
8季度趋势，按日历期对齐
经营现金流RHSSRM
| Q4 25 | $131.9M | $172.1M | ||
| Q3 25 | $137.7M | $57.2M | ||
| Q2 25 | $86.6M | $157.8M | ||
| Q1 25 | $-18.8M | $84.8M | ||
| Q4 24 | $-31.4M | $95.0M | ||
| Q3 24 | $11.2M | $-1.3M | ||
| Q2 24 | $56.1M | $-78.1M | ||
| Q1 24 | $-114.0M | $24.6M |
自由现金流RHSSRM
| Q4 25 | $83.0M | $106.4M | ||
| Q3 25 | $80.7M | $-2.4M | ||
| Q2 25 | $34.1M | $98.4M | ||
| Q1 25 | $-69.7M | $39.3M | ||
| Q4 24 | $-96.0M | $56.4M | ||
| Q3 24 | $-37.9M | $-34.1M | ||
| Q2 24 | $-10.1M | $-116.3M | ||
| Q1 24 | $-251.5M | $-9.4M |
自由现金流率RHSSRM
| Q4 25 | 9.4% | 20.4% | ||
| Q3 25 | 9.0% | -0.6% | ||
| Q2 25 | 4.2% | 24.3% | ||
| Q1 25 | -8.6% | 12.4% | ||
| Q4 24 | -11.8% | 17.5% | ||
| Q3 24 | -4.6% | -13.2% | ||
| Q2 24 | -1.4% | -62.9% | ||
| Q1 24 | -34.1% | -4.1% |
资本支出强度RHSSRM
| Q4 25 | 5.5% | 12.6% | ||
| Q3 25 | 6.3% | 15.4% | ||
| Q2 25 | 6.5% | 14.7% | ||
| Q1 25 | 6.3% | 14.4% | ||
| Q4 24 | 8.0% | 11.9% | ||
| Q3 24 | 5.9% | 12.7% | ||
| Q2 24 | 9.1% | 20.7% | ||
| Q1 24 | 18.6% | 14.8% |
现金转化率RHSSRM
| Q4 25 | 3.64× | 0.95× | ||
| Q3 25 | 2.66× | 0.87× | ||
| Q2 25 | 10.78× | 1.75× | ||
| Q1 25 | -1.35× | 1.44× | ||
| Q4 24 | -0.95× | 17.10× | ||
| Q3 24 | 0.39× | -0.13× | ||
| Q2 24 | — | -8.06× | ||
| Q1 24 | -10.01× | — |
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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
