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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.（SPWH）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SPORTSMAN'S WAREHOUSE HOLDINGS, INC.的1.6倍（$521.7M vs $331.3M），SSR MINING INC.净利率更高（34.8% vs 0.0%，领先34.8%），SSR MINING INC.同比增速更快（61.4% vs 2.2%），SSR MINING INC.自由现金流更多（$106.4M vs $8.7M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -5.4%）
运动员仓库控股（Sportsman's Warehouse）是美国户外体育用品零售商，门店遍布全美29个州，主要面向狩猎、射击、露营、垂钓等各类户外休闲运动爱好者，销售户外服饰、鞋履及专业运动装备。
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。
SPWH vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.6倍
$331.3M
营收增速更快
SSRM
高出59.3%
2.2%
净利率更高
SSRM
高出34.8%
0.0%
自由现金流更多
SSRM
多$97.6M
$8.7M
两年增速更快
SSRM
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $331.3M | $521.7M |
| 净利润 | $8.0K | $181.5M |
| 毛利率 | 32.8% | — |
| 营业利润率 | 1.3% | 38.8% |
| 净利率 | 0.0% | 34.8% |
| 营收同比 | 2.2% | 61.4% |
| 净利润同比 | -97.8% | 3166.6% |
| 每股收益（稀释后） | $0.00 | $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SPWHSSRM
| Q4 25 | $331.3M | $521.7M | ||
| Q3 25 | $293.9M | $385.8M | ||
| Q2 25 | $249.1M | $405.5M | ||
| Q1 25 | $340.4M | $316.6M | ||
| Q4 24 | $324.3M | $323.2M | ||
| Q3 24 | $288.7M | $257.4M | ||
| Q2 24 | $244.2M | $184.8M | ||
| Q1 24 | $370.4M | $230.2M |
净利润SPWHSSRM
| Q4 25 | $8.0K | $181.5M | ||
| Q3 25 | $-7.1M | $65.4M | ||
| Q2 25 | $-21.3M | $90.1M | ||
| Q1 25 | $-8.7M | $58.8M | ||
| Q4 24 | $-364.0K | $5.6M | ||
| Q3 24 | $-5.9M | $10.6M | ||
| Q2 24 | $-18.1M | $9.7M | ||
| Q1 24 | $-8.7M | $-287.1M |
毛利率SPWHSSRM
| Q4 25 | 32.8% | — | ||
| Q3 25 | 32.0% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 31.8% | — | ||
| Q3 24 | 31.2% | — | ||
| Q2 24 | 30.2% | — | ||
| Q1 24 | 26.8% | — |
营业利润率SPWHSSRM
| Q4 25 | 1.3% | 38.8% | ||
| Q3 25 | -1.1% | 21.6% | ||
| Q2 25 | -7.9% | 26.9% | ||
| Q1 25 | 1.1% | 21.1% | ||
| Q4 24 | 1.0% | 10.6% | ||
| Q3 24 | -1.5% | 3.5% | ||
| Q2 24 | -8.4% | 5.8% | ||
| Q1 24 | -2.1% | -163.5% |
净利率SPWHSSRM
| Q4 25 | 0.0% | 34.8% | ||
| Q3 25 | -2.4% | 17.0% | ||
| Q2 25 | -8.5% | 22.2% | ||
| Q1 25 | -2.6% | 18.6% | ||
| Q4 24 | -0.1% | 1.7% | ||
| Q3 24 | -2.0% | 4.1% | ||
| Q2 24 | -7.4% | 5.2% | ||
| Q1 24 | -2.4% | -124.7% |
每股收益（稀释后）SPWHSSRM
| Q4 25 | $0.00 | $0.84 | ||
| Q3 25 | $-0.18 | $0.31 | ||
| Q2 25 | $-0.56 | $0.42 | ||
| Q1 25 | $-0.22 | $0.28 | ||
| Q4 24 | $-0.01 | $0.03 | ||
| Q3 24 | $-0.16 | $0.05 | ||
| Q2 24 | $-0.48 | $0.05 | ||
| Q1 24 | $-0.22 | $-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 | $2.2M | $575.6M |
| 总债务越低越好 | $44.0M | — |
| 股东权益账面价值 | $209.5M | $3.5B |
| 总资产 | $913.9M | $6.1B |
| 负债/权益比越低杠杆越低 | 0.21× | — |
8季度趋势，按日历期对齐
现金及短期投资SPWHSSRM
| Q4 25 | $2.2M | $575.6M | ||
| Q3 25 | $1.8M | $445.4M | ||
| Q2 25 | $3.6M | $438.5M | ||
| Q1 25 | $2.8M | $341.3M | ||
| Q4 24 | $2.7M | $417.3M | ||
| Q3 24 | $2.6M | $365.8M | ||
| Q2 24 | $2.2M | $384.4M | ||
| Q1 24 | $3.1M | $492.0M |
总债务SPWHSSRM
| Q4 25 | $44.0M | — | ||
| Q3 25 | $43.9M | — | ||
| Q2 25 | $24.1M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $24.0M | $228.6M | ||
| Q3 24 | $24.0M | $228.3M | ||
| Q2 24 | — | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益SPWHSSRM
| Q4 25 | $209.5M | $3.5B | ||
| Q3 25 | $208.9M | $3.3B | ||
| Q2 25 | $215.1M | $3.3B | ||
| Q1 25 | $235.7M | $3.2B | ||
| Q4 24 | $243.6M | $3.1B | ||
| Q3 24 | $243.0M | $3.1B | ||
| Q2 24 | $247.5M | $3.1B | ||
| Q1 24 | $264.6M | $3.1B |
总资产SPWHSSRM
| Q4 25 | $913.9M | $6.1B | ||
| Q3 25 | $948.9M | $5.9B | ||
| Q2 25 | $929.7M | $5.8B | ||
| Q1 25 | $852.1M | $5.6B | ||
| Q4 24 | $967.7M | $5.2B | ||
| Q3 24 | $901.9M | $5.1B | ||
| Q2 24 | $930.4M | $5.2B | ||
| Q1 24 | $886.2M | $5.3B |
负债/权益比SPWHSSRM
| Q4 25 | 0.21× | — | ||
| Q3 25 | 0.21× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | 0.10× | 0.07× | ||
| Q3 24 | 0.10× | 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 | $16.3M | $172.1M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | $106.4M |
| 自由现金流率自由现金流/营收 | 2.6% | 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 | 2038.00× | 0.95× |
| 过去12个月自由现金流最近4个季度 | $-39.7M | $241.6M |
8季度趋势，按日历期对齐
经营现金流SPWHSSRM
| Q4 25 | $16.3M | $172.1M | ||
| Q3 25 | $-26.6M | $57.2M | ||
| Q2 25 | $-60.2M | $157.8M | ||
| Q1 25 | $52.8M | $84.8M | ||
| Q4 24 | $-2.5M | $95.0M | ||
| Q3 24 | $18.5M | $-1.3M | ||
| Q2 24 | $-34.6M | $-78.1M | ||
| Q1 24 | $68.9M | $24.6M |
自由现金流SPWHSSRM
| Q4 25 | $8.7M | $106.4M | ||
| Q3 25 | $-33.9M | $-2.4M | ||
| Q2 25 | $-64.0M | $98.4M | ||
| Q1 25 | $49.6M | $39.3M | ||
| Q4 24 | $-6.2M | $56.4M | ||
| Q3 24 | $14.1M | $-34.1M | ||
| Q2 24 | $-38.0M | $-116.3M | ||
| Q1 24 | $60.2M | $-9.4M |
自由现金流率SPWHSSRM
| Q4 25 | 2.6% | 20.4% | ||
| Q3 25 | -11.5% | -0.6% | ||
| Q2 25 | -25.7% | 24.3% | ||
| Q1 25 | 14.6% | 12.4% | ||
| Q4 24 | -1.9% | 17.5% | ||
| Q3 24 | 4.9% | -13.2% | ||
| Q2 24 | -15.5% | -62.9% | ||
| Q1 24 | 16.2% | -4.1% |
资本支出强度SPWHSSRM
| Q4 25 | 2.3% | 12.6% | ||
| Q3 25 | 2.5% | 15.4% | ||
| Q2 25 | 1.5% | 14.7% | ||
| Q1 25 | 1.0% | 14.4% | ||
| Q4 24 | 1.1% | 11.9% | ||
| Q3 24 | 1.5% | 12.7% | ||
| Q2 24 | 1.4% | 20.7% | ||
| Q1 24 | 2.4% | 14.8% |
现金转化率SPWHSSRM
| Q4 25 | 2038.00× | 0.95× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.44× | ||
| Q4 24 | — | 17.10× | ||
| Q3 24 | — | -0.13× | ||
| Q2 24 | — | -8.06× | ||
| Q1 24 | — | — |
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
SPWH
暂无分部数据
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
