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SSR MINING INC.（SSRM）与STERLING INFRASTRUCTURE, INC.（STRL）财务数据对比。点击上方公司名可切换其他公司
STERLING INFRASTRUCTURE, INC.的季度营收约是SSR MINING INC.的1.4倍（$755.6M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 11.6%，领先23.2%），SSR MINING INC.同比增速更快（61.4% vs 51.5%），STERLING INFRASTRUCTURE, INC.自由现金流更多（$159.7M vs $106.4M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 31.0%）
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。
本公司是总部位于印度马哈拉施特拉邦孟买的跨国工程总承包（EPC）企业，业务覆盖可再生能源、数据中心、柴油发电、机电水暖（MEP）服务等多个领域，已在全球三十余个国家交付项目，执行团队遍布亚洲、中东、非洲、欧洲及澳大利亚。
SSRM vs STRL — 直观对比
营收规模更大
STRL
是对方的1.4倍
$521.7M
营收增速更快
SSRM
高出10.0%
51.5%
净利率更高
SSRM
高出23.2%
11.6%
自由现金流更多
STRL
多$53.3M
$106.4M
两年增速更快
SSRM
近两年复合增速
31.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $755.6M |
| 净利润 | $181.5M | $87.6M |
| 毛利率 | — | 21.7% |
| 营业利润率 | 38.8% | 15.9% |
| 净利率 | 34.8% | 11.6% |
| 营收同比 | 61.4% | 51.5% |
| 净利润同比 | 3166.6% | -22.6% |
| 每股收益（稀释后） | $0.84 | $2.82 |
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SSRMSTRL
| Q4 25 | $521.7M | $755.6M | ||
| Q3 25 | $385.8M | $689.0M | ||
| Q2 25 | $405.5M | $614.5M | ||
| Q1 25 | $316.6M | $430.9M | ||
| Q4 24 | $323.2M | $498.8M | ||
| Q3 24 | $257.4M | $593.7M | ||
| Q2 24 | $184.8M | $582.8M | ||
| Q1 24 | $230.2M | $440.4M |
净利润SSRMSTRL
| Q4 25 | $181.5M | $87.6M | ||
| Q3 25 | $65.4M | $92.1M | ||
| Q2 25 | $90.1M | $71.0M | ||
| Q1 25 | $58.8M | $39.5M | ||
| Q4 24 | $5.6M | $113.2M | ||
| Q3 24 | $10.6M | $61.3M | ||
| Q2 24 | $9.7M | $51.9M | ||
| Q1 24 | $-287.1M | $31.0M |
毛利率SSRMSTRL
| Q4 25 | — | 21.7% | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 21.9% | ||
| Q2 24 | — | 19.3% | ||
| Q1 24 | — | 17.5% |
营业利润率SSRMSTRL
| Q4 25 | 38.8% | 15.9% | ||
| Q3 25 | 21.6% | 18.2% | ||
| Q2 25 | 26.9% | 17.0% | ||
| Q1 25 | 21.1% | 13.0% | ||
| Q4 24 | 10.6% | 12.5% | ||
| Q3 24 | 3.5% | 14.7% | ||
| Q2 24 | 5.8% | 12.5% | ||
| Q1 24 | -163.5% | 9.6% |
净利率SSRMSTRL
| Q4 25 | 34.8% | 11.6% | ||
| Q3 25 | 17.0% | 13.4% | ||
| Q2 25 | 22.2% | 11.6% | ||
| Q1 25 | 18.6% | 9.2% | ||
| Q4 24 | 1.7% | 22.7% | ||
| Q3 24 | 4.1% | 10.3% | ||
| Q2 24 | 5.2% | 8.9% | ||
| Q1 24 | -124.7% | 7.1% |
每股收益（稀释后）SSRMSTRL
| Q4 25 | $0.84 | $2.82 | ||
| Q3 25 | $0.31 | $2.97 | ||
| Q2 25 | $0.42 | $2.31 | ||
| Q1 25 | $0.28 | $1.28 | ||
| Q4 24 | $0.03 | $3.63 | ||
| Q3 24 | $0.05 | $1.97 | ||
| Q2 24 | $0.05 | $1.67 | ||
| Q1 24 | $-1.42 | $1.00 |
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 | $575.6M | $390.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $1.1B |
| 总资产 | $6.1B | $2.6B |
| 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SSRMSTRL
| Q4 25 | $575.6M | $390.7M | ||
| Q3 25 | $445.4M | $306.4M | ||
| Q2 25 | $438.5M | $699.4M | ||
| Q1 25 | $341.3M | $638.6M | ||
| Q4 24 | $417.3M | $664.2M | ||
| Q3 24 | $365.8M | $648.1M | ||
| Q2 24 | $384.4M | $540.0M | ||
| Q1 24 | $492.0M | $480.4M |
总债务SSRMSTRL
| 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SSRMSTRL
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.3B | $881.7M | ||
| Q1 25 | $3.2B | $805.4M | ||
| Q4 24 | $3.1B | $808.1M | ||
| Q3 24 | $3.1B | $716.5M | ||
| Q2 24 | $3.1B | $670.7M | ||
| Q1 24 | $3.1B | $644.6M |
总资产SSRMSTRL
| Q4 25 | $6.1B | $2.6B | ||
| Q3 25 | $5.9B | $2.6B | ||
| Q2 25 | $5.8B | $2.2B | ||
| Q1 25 | $5.6B | $2.0B | ||
| Q4 24 | $5.2B | $2.0B | ||
| Q3 24 | $5.1B | $2.0B | ||
| Q2 24 | $5.2B | $2.0B | ||
| Q1 24 | $5.3B | $1.8B |
负债/权益比SSRMSTRL
| 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 | $172.1M | $186.1M |
| 自由现金流经营现金流 - 资本支出 | $106.4M | $159.7M |
| 自由现金流率自由现金流/营收 | 20.4% | 21.1% |
| 资本支出强度资本支出/营收 | 12.6% | 3.5% |
| 现金转化率经营现金流/净利润 | 0.95× | 2.12× |
| 过去12个月自由现金流最近4个季度 | $241.6M | $362.7M |
8季度趋势，按日历期对齐
经营现金流SSRMSTRL
| Q4 25 | $172.1M | $186.1M | ||
| Q3 25 | $57.2M | $83.6M | ||
| Q2 25 | $157.8M | $85.4M | ||
| Q1 25 | $84.8M | $84.9M | ||
| Q4 24 | $95.0M | $174.3M | ||
| Q3 24 | $-1.3M | $152.3M | ||
| Q2 24 | $-78.1M | $121.0M | ||
| Q1 24 | $24.6M | $49.6M |
自由现金流SSRMSTRL
| Q4 25 | $106.4M | $159.7M | ||
| Q3 25 | $-2.4M | $64.0M | ||
| Q2 25 | $98.4M | $72.1M | ||
| Q1 25 | $39.3M | $67.0M | ||
| Q4 24 | $56.4M | $158.6M | ||
| Q3 24 | $-34.1M | $138.3M | ||
| Q2 24 | $-116.3M | $92.1M | ||
| Q1 24 | $-9.4M | $27.2M |
自由现金流率SSRMSTRL
| Q4 25 | 20.4% | 21.1% | ||
| Q3 25 | -0.6% | 9.3% | ||
| Q2 25 | 24.3% | 11.7% | ||
| Q1 25 | 12.4% | 15.5% | ||
| Q4 24 | 17.5% | 31.8% | ||
| Q3 24 | -13.2% | 23.3% | ||
| Q2 24 | -62.9% | 15.8% | ||
| Q1 24 | -4.1% | 6.2% |
资本支出强度SSRMSTRL
| Q4 25 | 12.6% | 3.5% | ||
| Q3 25 | 15.4% | 2.9% | ||
| Q2 25 | 14.7% | 2.2% | ||
| Q1 25 | 14.4% | 4.2% | ||
| Q4 24 | 11.9% | 3.1% | ||
| Q3 24 | 12.7% | 2.4% | ||
| Q2 24 | 20.7% | 5.0% | ||
| Q1 24 | 14.8% | 5.1% |
现金转化率SSRMSTRL
| Q4 25 | 0.95× | 2.12× | ||
| Q3 25 | 0.87× | 0.91× | ||
| Q2 25 | 1.75× | 1.20× | ||
| Q1 25 | 1.44× | 2.15× | ||
| Q4 24 | 17.10× | 1.54× | ||
| Q3 24 | -0.13× | 2.48× | ||
| Q2 24 | -8.06× | 2.33× | ||
| Q1 24 | — | 1.60× |
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
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
STRL
| Lump Sum | $464.9M | 62% |
| Heavy Highway | $99.6M | 13% |
| Residential Construction | $70.4M | 9% |
| Road And Highway Builders LLC | $52.4M | 7% |
| Other Revenue | $36.6M | 5% |
| Aviation | $16.6M | 2% |
| Commercial | $11.4M | 2% |
| Related Party | $600.0K | 0% |
