vs
力拓（RIO）与南方铜业（SCCO）财务数据对比。点击上方公司名可切换其他公司
力拓的季度营收约是南方铜业的8.0倍（$30.8B vs $3.9B）。南方铜业净利率更高（33.9% vs 18.6%，领先15.3%）。南方铜业同比增速更快（39.0% vs 14.6%）。力拓自由现金流更多（$2.3B vs $1.1B）
力拓是英澳跨国矿业集团，1873年由英国投资者从西班牙政府手中收购西班牙韦尔瓦力拓河矿区后成立，总部位于英国伦敦和澳大利亚墨尔本。集团历经多次并购扩张，目前是铜、铁矿石、铝、锂等大宗商品的主要供应商之一。
南方铜业注册地为美国特拉华州，总部位于亚利桑那州凤凰城，在秘鲁、墨西哥两地持有多座铜矿、冶炼厂及精炼厂，旗下拥有夸霍内、托克帕拉、布埃纳维斯塔等知名矿山。2024年公司铜产量达21亿磅，同时产出银、钼、锌等多种金属。
RIO vs SCCO — 直观对比
营收规模更大
RIO
是对方的8.0倍
$3.9B
营收增速更快
SCCO
高出24.4%
14.6%
净利率更高
SCCO
高出15.3%
18.6%
自由现金流更多
RIO
多$1.2B
$1.1B
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $30.8B | $3.9B |
| 净利润 | $5.7B | $1.3B |
| 毛利率 | — | 62.0% |
| 营业利润率 | 25.9% | 54.5% |
| 净利率 | 18.6% | 33.9% |
| 营收同比 | 14.6% | 39.0% |
| 净利润同比 | 0.5% | 64.7% |
| 每股收益（稀释后） | $3.32 | $1.49 |
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RIOSCCO
| Q4 25 | $30.8B | $3.9B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.1B | ||
| Q4 24 | $26.9B | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $2.6B |
净利润RIOSCCO
| Q4 25 | $5.7B | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $976.7M | ||
| Q1 25 | — | $949.1M | ||
| Q4 24 | $5.7B | $796.2M | ||
| Q3 24 | — | $899.8M | ||
| Q2 24 | — | $953.8M | ||
| Q1 24 | — | $738.8M |
毛利率RIOSCCO
| Q4 25 | — | 62.0% | ||
| Q3 25 | — | 59.8% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 57.7% | ||
| Q4 24 | — | 56.5% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 59.9% | ||
| Q1 24 | — | 55.5% |
营业利润率RIOSCCO
| Q4 25 | 25.9% | 54.5% | ||
| Q3 25 | — | 52.4% | ||
| Q2 25 | — | 52.0% | ||
| Q1 25 | — | 49.2% | ||
| Q4 24 | 27.5% | 47.0% | ||
| Q3 24 | — | 49.5% | ||
| Q2 24 | — | 51.5% | ||
| Q1 24 | — | 45.8% |
净利率RIOSCCO
| Q4 25 | 18.6% | 33.9% | ||
| Q3 25 | — | 32.9% | ||
| Q2 25 | — | 32.0% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | 21.2% | 28.6% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 30.6% | ||
| Q1 24 | — | 28.4% |
每股收益（稀释后）RIOSCCO
| Q4 25 | $3.32 | $1.49 | ||
| Q3 25 | — | $1.35 | ||
| Q2 25 | — | $1.21 | ||
| Q1 25 | — | $1.19 | ||
| Q4 24 | $3.51 | $1.02 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | — | $1.22 | ||
| Q1 24 | — | $0.95 |
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 | $9.4B | $4.9B |
| 总债务越低越好 | $21.9B | $6.8B |
| 股东权益账面价值 | $67.0B | $11.0B |
| 总资产 | $128.1B | $21.4B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.61× |
8季度趋势，按日历期对齐
现金及短期投资RIOSCCO
| Q4 25 | $9.4B | $4.9B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | $8.8B | $3.5B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $1.6B |
总债务RIOSCCO
| Q4 25 | $21.9B | $6.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $12.4B | $6.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.3B |
股东权益RIOSCCO
| Q4 25 | $67.0B | $11.0B | ||
| Q3 25 | — | $10.4B | ||
| Q2 25 | — | $10.0B | ||
| Q1 25 | — | $9.6B | ||
| Q4 24 | $58.0B | $9.2B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $8.5B | ||
| Q1 24 | — | $7.5B |
总资产RIOSCCO
| Q4 25 | $128.1B | $21.4B | ||
| Q3 25 | — | $20.3B | ||
| Q2 25 | — | $19.6B | ||
| Q1 25 | — | $19.8B | ||
| Q4 24 | $102.8B | $18.7B | ||
| Q3 24 | — | $18.4B | ||
| Q2 24 | — | $17.8B | ||
| Q1 24 | — | $16.8B |
负债/权益比RIOSCCO
| Q4 25 | 0.33× | 0.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | 0.68× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.83× |
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 | $9.9B | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $2.3B | $1.1B |
| 自由现金流率自由现金流/营收 | 7.5% | 27.7% |
| 资本支出强度资本支出/营收 | 24.7% | 10.9% |
| 现金转化率经营现金流/净利润 | 1.73× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $11.4B | $3.4B |
8季度趋势，按日历期对齐
经营现金流RIOSCCO
| Q4 25 | $9.9B | $1.5B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $976.8M | ||
| Q1 25 | — | $721.4M | ||
| Q4 24 | $8.5B | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $962.1M | ||
| Q1 24 | — | $659.7M |
自由现金流RIOSCCO
| Q4 25 | $2.3B | $1.1B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $741.1M | ||
| Q1 25 | — | $403.6M | ||
| Q4 24 | $2.9B | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $630.3M | ||
| Q1 24 | — | $445.9M |
自由现金流率RIOSCCO
| Q4 25 | 7.5% | 27.7% | ||
| Q3 25 | — | 35.8% | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | 10.9% | 40.4% | ||
| Q3 24 | — | 40.7% | ||
| Q2 24 | — | 20.2% | ||
| Q1 24 | — | 17.2% |
资本支出强度RIOSCCO
| Q4 25 | 24.7% | 10.9% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | 20.9% | 8.5% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 8.2% |
现金转化率RIOSCCO
| Q4 25 | 1.73× | 1.14× | ||
| Q3 25 | — | 1.40× | ||
| Q2 25 | — | 1.00× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | 1.50× | 1.71× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 0.89× |
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
RIO
暂无分部数据
SCCO
| Other | $1.3B | 32% |
| MX | $726.4M | 19% |
| CH | $560.4M | 14% |
| PE | $218.8M | 6% |
| Silver | $201.1M | 5% |
| BR | $157.9M | 4% |
| CL | $149.0M | 4% |
| Molybdenum | $143.3M | 4% |
| ES | $130.8M | 3% |
| Mexican IMMSA Unit | $129.8M | 3% |
| IT | $107.1M | 3% |
| Zinc | $88.8M | 2% |
