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SSR MINING INC.（SSRM）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是SSR MINING INC.的2.0倍（$1.0B vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 7.6%，领先27.1%），SSR MINING INC.同比增速更快（61.4% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $106.4M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
SSRM vs SWKS — 直观对比
营收规模更大
SWKS
是对方的2.0倍
$521.7M
营收增速更快
SSRM
高出52.8%
8.6%
净利率更高
SSRM
高出27.1%
7.6%
自由现金流更多
SWKS
多$232.6M
$106.4M
两年增速更快
SSRM
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $1.0B |
| 净利润 | $181.5M | $79.2M |
| 毛利率 | — | 41.3% |
| 营业利润率 | 38.8% | 10.0% |
| 净利率 | 34.8% | 7.6% |
| 营收同比 | 61.4% | 8.6% |
| 净利润同比 | 3166.6% | 15.3% |
| 每股收益（稀释后） | $0.84 | $0.53 |
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SSRMSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $521.7M | $1.1B | ||
| Q3 25 | $385.8M | — | ||
| Q2 25 | $405.5M | $965.0M | ||
| Q1 25 | $316.6M | $953.2M | ||
| Q4 24 | $323.2M | $1.1B | ||
| Q3 24 | $257.4M | $1.0B | ||
| Q2 24 | $184.8M | $905.5M |
净利润SSRMSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $181.5M | $141.4M | ||
| Q3 25 | $65.4M | — | ||
| Q2 25 | $90.1M | $105.0M | ||
| Q1 25 | $58.8M | $68.7M | ||
| Q4 24 | $5.6M | $162.0M | ||
| Q3 24 | $10.6M | $60.5M | ||
| Q2 24 | $9.7M | $120.9M |
毛利率SSRMSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% | ||
| Q2 24 | — | 40.2% |
营业利润率SSRMSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 38.8% | 10.1% | ||
| Q3 25 | 21.6% | — | ||
| Q2 25 | 26.9% | 11.5% | ||
| Q1 25 | 21.1% | 10.2% | ||
| Q4 24 | 10.6% | 16.9% | ||
| Q3 24 | 3.5% | 5.8% | ||
| Q2 24 | 5.8% | 14.4% |
净利率SSRMSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 34.8% | 12.9% | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 22.2% | 10.9% | ||
| Q1 25 | 18.6% | 7.2% | ||
| Q4 24 | 1.7% | 15.2% | ||
| Q3 24 | 4.1% | 5.9% | ||
| Q2 24 | 5.2% | 13.4% |
每股收益（稀释后）SSRMSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.84 | $0.95 | ||
| Q3 25 | $0.31 | — | ||
| Q2 25 | $0.42 | $0.70 | ||
| Q1 25 | $0.28 | $0.43 | ||
| Q4 24 | $0.03 | $1.00 | ||
| Q3 24 | $0.05 | $0.36 | ||
| Q2 24 | $0.05 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | — | $496.6M |
| 股东权益账面价值 | $3.5B | $5.8B |
| 总资产 | $6.1B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资SSRMSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $575.6M | $1.4B | ||
| Q3 25 | $445.4M | — | ||
| Q2 25 | $438.5M | $1.3B | ||
| Q1 25 | $341.3M | $1.5B | ||
| Q4 24 | $417.3M | $1.7B | ||
| Q3 24 | $365.8M | $1.6B | ||
| Q2 24 | $384.4M | $1.3B |
总债务SSRMSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | — | $496.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $496.2M | ||
| Q1 25 | — | $995.1M | ||
| Q4 24 | $228.6M | $994.7M | ||
| Q3 24 | $228.3M | $994.3M | ||
| Q2 24 | $228.0M | $994.0M |
股东权益SSRMSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $3.5B | $5.8B | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.3B | $5.7B | ||
| Q1 25 | $3.2B | $5.9B | ||
| Q4 24 | $3.1B | $6.4B | ||
| Q3 24 | $3.1B | $6.3B | ||
| Q2 24 | $3.1B | $6.3B |
总资产SSRMSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $6.1B | $7.9B | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.8B | $7.7B | ||
| Q1 25 | $5.6B | $7.9B | ||
| Q4 24 | $5.2B | $8.3B | ||
| Q3 24 | $5.1B | $8.3B | ||
| Q2 24 | $5.2B | $8.2B |
负债/权益比SSRMSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.09× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | 0.07× | 0.16× | ||
| Q3 24 | 0.07× | 0.16× | ||
| Q2 24 | 0.07× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $106.4M | $339.0M |
| 自由现金流率自由现金流/营收 | 20.4% | 32.7% |
| 资本支出强度资本支出/营收 | 12.6% | 5.5% |
| 现金转化率经营现金流/净利润 | 0.95× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $241.6M | $1.1B |
8季度趋势，按日历期对齐
经营现金流SSRMSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $172.1M | $200.0M | ||
| Q3 25 | $57.2M | — | ||
| Q2 25 | $157.8M | $314.2M | ||
| Q1 25 | $84.8M | $409.4M | ||
| Q4 24 | $95.0M | $377.2M | ||
| Q3 24 | $-1.3M | $476.1M | ||
| Q2 24 | $-78.1M | $273.4M |
自由现金流SSRMSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $106.4M | $144.0M | ||
| Q3 25 | $-2.4M | — | ||
| Q2 25 | $98.4M | $252.7M | ||
| Q1 25 | $39.3M | $370.9M | ||
| Q4 24 | $56.4M | $338.2M | ||
| Q3 24 | $-34.1M | $393.3M | ||
| Q2 24 | $-116.3M | $249.0M |
自由现金流率SSRMSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 20.4% | 13.1% | ||
| Q3 25 | -0.6% | — | ||
| Q2 25 | 24.3% | 26.2% | ||
| Q1 25 | 12.4% | 38.9% | ||
| Q4 24 | 17.5% | 31.7% | ||
| Q3 24 | -13.2% | 38.4% | ||
| Q2 24 | -62.9% | 27.5% |
资本支出强度SSRMSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 12.6% | 5.1% | ||
| Q3 25 | 15.4% | — | ||
| Q2 25 | 14.7% | 6.4% | ||
| Q1 25 | 14.4% | 4.0% | ||
| Q4 24 | 11.9% | 3.6% | ||
| Q3 24 | 12.7% | 8.1% | ||
| Q2 24 | 20.7% | 2.7% |
现金转化率SSRMSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 0.95× | 1.41× | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 1.75× | 2.99× | ||
| Q1 25 | 1.44× | 5.96× | ||
| Q4 24 | 17.10× | 2.33× | ||
| Q3 24 | -0.13× | 7.87× | ||
| Q2 24 | -8.06× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
