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BOSTON BEER CO INC（SAM）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
SSR MINING INC.的季度营收约是BOSTON BEER CO INC的1.4倍（$521.7M vs $385.7M），SSR MINING INC.净利率更高（34.8% vs -5.8%，领先40.6%），SSR MINING INC.同比增速更快（61.4% vs -4.1%），SSR MINING INC.自由现金流更多（$106.4M vs $22.1M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -4.9%）
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
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。
SAM vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.4倍
$385.7M
营收增速更快
SSRM
高出65.6%
-4.1%
净利率更高
SSRM
高出40.6%
-5.8%
自由现金流更多
SSRM
多$84.3M
$22.1M
两年增速更快
SSRM
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $385.7M | $521.7M |
| 净利润 | $-22.5M | $181.5M |
| 毛利率 | 43.5% | — |
| 营业利润率 | -8.6% | 38.8% |
| 净利率 | -5.8% | 34.8% |
| 营收同比 | -4.1% | 61.4% |
| 净利润同比 | 41.9% | 3166.6% |
| 每股收益（稀释后） | $-1.97 | $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SAMSSRM
| Q4 25 | $385.7M | $521.7M | ||
| Q3 25 | $537.5M | $385.8M | ||
| Q2 25 | $587.9M | $405.5M | ||
| Q1 25 | $453.9M | $316.6M | ||
| Q4 24 | $402.3M | $323.2M | ||
| Q3 24 | $605.5M | $257.4M | ||
| Q2 24 | $579.1M | $184.8M | ||
| Q1 24 | $426.1M | $230.2M |
净利润SAMSSRM
| Q4 25 | $-22.5M | $181.5M | ||
| Q3 25 | $46.2M | $65.4M | ||
| Q2 25 | $60.4M | $90.1M | ||
| Q1 25 | $24.4M | $58.8M | ||
| Q4 24 | $-38.8M | $5.6M | ||
| Q3 24 | $33.5M | $10.6M | ||
| Q2 24 | $52.3M | $9.7M | ||
| Q1 24 | $12.6M | $-287.1M |
毛利率SAMSSRM
| Q4 25 | 43.5% | — | ||
| Q3 25 | 50.8% | — | ||
| Q2 25 | 49.8% | — | ||
| Q1 25 | 48.3% | — | ||
| Q4 24 | 39.9% | — | ||
| Q3 24 | 46.3% | — | ||
| Q2 24 | 46.0% | — | ||
| Q1 24 | 43.7% | — |
营业利润率SAMSSRM
| Q4 25 | -8.6% | 38.8% | ||
| Q3 25 | 11.5% | 21.6% | ||
| Q2 25 | 14.0% | 26.9% | ||
| Q1 25 | 7.4% | 21.1% | ||
| Q4 24 | -13.9% | 10.6% | ||
| Q3 24 | 7.6% | 3.5% | ||
| Q2 24 | 12.2% | 5.8% | ||
| Q1 24 | 3.6% | -163.5% |
净利率SAMSSRM
| Q4 25 | -5.8% | 34.8% | ||
| Q3 25 | 8.6% | 17.0% | ||
| Q2 25 | 10.3% | 22.2% | ||
| Q1 25 | 5.4% | 18.6% | ||
| Q4 24 | -9.6% | 1.7% | ||
| Q3 24 | 5.5% | 4.1% | ||
| Q2 24 | 9.0% | 5.2% | ||
| Q1 24 | 3.0% | -124.7% |
每股收益（稀释后）SAMSSRM
| Q4 25 | $-1.97 | $0.84 | ||
| Q3 25 | $4.25 | $0.31 | ||
| Q2 25 | $5.45 | $0.42 | ||
| Q1 25 | $2.16 | $0.28 | ||
| Q4 24 | $-3.23 | $0.03 | ||
| Q3 24 | $2.86 | $0.05 | ||
| Q2 24 | $4.39 | $0.05 | ||
| Q1 24 | $1.04 | $-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 | $223.4M | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.3M | $3.5B |
| 总资产 | $1.2B | $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SAMSSRM
| Q4 25 | $223.4M | $575.6M | ||
| Q3 25 | $250.5M | $445.4M | ||
| Q2 25 | $212.4M | $438.5M | ||
| Q1 25 | $152.5M | $341.3M | ||
| Q4 24 | $211.8M | $417.3M | ||
| Q3 24 | $255.6M | $365.8M | ||
| Q2 24 | $219.3M | $384.4M | ||
| Q1 24 | $205.4M | $492.0M |
总债务SAMSSRM
| 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SAMSSRM
| Q4 25 | $846.3M | $3.5B | ||
| Q3 25 | $911.0M | $3.3B | ||
| Q2 25 | $912.3M | $3.3B | ||
| Q1 25 | $897.0M | $3.2B | ||
| Q4 24 | $916.2M | $3.1B | ||
| Q3 24 | $1.0B | $3.1B | ||
| Q2 24 | $1.0B | $3.1B | ||
| Q1 24 | $1.0B | $3.1B |
总资产SAMSSRM
| Q4 25 | $1.2B | $6.1B | ||
| Q3 25 | $1.2B | $5.9B | ||
| Q2 25 | $1.3B | $5.8B | ||
| Q1 25 | $1.2B | $5.6B | ||
| Q4 24 | $1.3B | $5.2B | ||
| Q3 24 | $1.4B | $5.1B | ||
| Q2 24 | $1.4B | $5.2B | ||
| Q1 24 | $1.4B | $5.3B |
负债/权益比SAMSSRM
| 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 | $39.9M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $22.1M | $106.4M |
| 自由现金流率自由现金流/营收 | 5.7% | 20.4% |
| 资本支出强度资本支出/营收 | 4.6% | 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 | $215.6M | $241.6M |
8季度趋势，按日历期对齐
经营现金流SAMSSRM
| Q4 25 | $39.9M | $172.1M | ||
| Q3 25 | $101.8M | $57.2M | ||
| Q2 25 | $126.5M | $157.8M | ||
| Q1 25 | $1.9M | $84.8M | ||
| Q4 24 | $41.9M | $95.0M | ||
| Q3 24 | $115.9M | $-1.3M | ||
| Q2 24 | $96.0M | $-78.1M | ||
| Q1 24 | $-4.9M | $24.6M |
自由现金流SAMSSRM
| Q4 25 | $22.1M | $106.4M | ||
| Q3 25 | $89.2M | $-2.4M | ||
| Q2 25 | $112.2M | $98.4M | ||
| Q1 25 | $-8.0M | $39.3M | ||
| Q4 24 | $18.4M | $56.4M | ||
| Q3 24 | $99.2M | $-34.1M | ||
| Q2 24 | $75.6M | $-116.3M | ||
| Q1 24 | $-20.6M | $-9.4M |
自由现金流率SAMSSRM
| Q4 25 | 5.7% | 20.4% | ||
| Q3 25 | 16.6% | -0.6% | ||
| Q2 25 | 19.1% | 24.3% | ||
| Q1 25 | -1.8% | 12.4% | ||
| Q4 24 | 4.6% | 17.5% | ||
| Q3 24 | 16.4% | -13.2% | ||
| Q2 24 | 13.1% | -62.9% | ||
| Q1 24 | -4.8% | -4.1% |
资本支出强度SAMSSRM
| Q4 25 | 4.6% | 12.6% | ||
| Q3 25 | 2.3% | 15.4% | ||
| Q2 25 | 2.4% | 14.7% | ||
| Q1 25 | 2.2% | 14.4% | ||
| Q4 24 | 5.8% | 11.9% | ||
| Q3 24 | 2.8% | 12.7% | ||
| Q2 24 | 3.5% | 20.7% | ||
| Q1 24 | 3.7% | 14.8% |
现金转化率SAMSSRM
| Q4 25 | — | 0.95× | ||
| Q3 25 | 2.21× | 0.87× | ||
| Q2 25 | 2.09× | 1.75× | ||
| Q1 25 | 0.08× | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | 3.46× | -0.13× | ||
| Q2 24 | 1.83× | -8.06× | ||
| Q1 24 | -0.39× | — |
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
SAM
暂无分部数据
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
