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SSR MINING INC.（SSRM）与Gentherm Inc（THRM）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Gentherm Inc的1.4倍（$521.7M vs $382.8M），SSR MINING INC.净利率更高（34.8% vs 0.8%，领先34.0%），SSR MINING INC.同比增速更快（61.4% vs 8.5%），SSR MINING INC.自由现金流更多（$106.4M vs $6.7M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 3.7%）
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。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
SSRM vs THRM — 直观对比
营收规模更大
SSRM
是对方的1.4倍
$382.8M
营收增速更快
SSRM
高出53.0%
8.5%
净利率更高
SSRM
高出34.0%
0.8%
自由现金流更多
SSRM
多$99.7M
$6.7M
两年增速更快
SSRM
近两年复合增速
3.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $382.8M |
| 净利润 | $181.5M | $3.0M |
| 毛利率 | — | 23.7% |
| 营业利润率 | 38.8% | 4.6% |
| 净利率 | 34.8% | 0.8% |
| 营收同比 | 61.4% | 8.5% |
| 净利润同比 | 3166.6% | -80.5% |
| 每股收益（稀释后） | $0.84 | $0.08 |
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SSRMTHRM
| Q4 25 | $521.7M | $382.8M | ||
| Q3 25 | $385.8M | $386.9M | ||
| Q2 25 | $405.5M | $375.1M | ||
| Q1 25 | $316.6M | $353.9M | ||
| Q4 24 | $323.2M | $352.9M | ||
| Q3 24 | $257.4M | $371.5M | ||
| Q2 24 | $184.8M | $375.7M | ||
| Q1 24 | $230.2M | $356.0M |
净利润SSRMTHRM
| Q4 25 | $181.5M | $3.0M | ||
| Q3 25 | $65.4M | $14.9M | ||
| Q2 25 | $90.1M | $477.0K | ||
| Q1 25 | $58.8M | $-128.0K | ||
| Q4 24 | $5.6M | $15.3M | ||
| Q3 24 | $10.6M | $16.0M | ||
| Q2 24 | $9.7M | $18.9M | ||
| Q1 24 | $-287.1M | $14.8M |
毛利率SSRMTHRM
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 25.7% | ||
| Q1 24 | — | 24.9% |
营业利润率SSRMTHRM
| Q4 25 | 38.8% | 4.6% | ||
| Q3 25 | 21.6% | 6.2% | ||
| Q2 25 | 26.9% | 6.4% | ||
| Q1 25 | 21.1% | 4.8% | ||
| Q4 24 | 10.6% | 6.7% | ||
| Q3 24 | 3.5% | 8.7% | ||
| Q2 24 | 5.8% | 8.8% | ||
| Q1 24 | -163.5% | 5.1% |
净利率SSRMTHRM
| Q4 25 | 34.8% | 0.8% | ||
| Q3 25 | 17.0% | 3.9% | ||
| Q2 25 | 22.2% | 0.1% | ||
| Q1 25 | 18.6% | -0.0% | ||
| Q4 24 | 1.7% | 4.3% | ||
| Q3 24 | 4.1% | 4.3% | ||
| Q2 24 | 5.2% | 5.0% | ||
| Q1 24 | -124.7% | 4.2% |
每股收益（稀释后）SSRMTHRM
| Q4 25 | $0.84 | $0.08 | ||
| Q3 25 | $0.31 | $0.49 | ||
| Q2 25 | $0.42 | $0.02 | ||
| Q1 25 | $0.28 | $0.00 | ||
| Q4 24 | $0.03 | $0.48 | ||
| Q3 24 | $0.05 | $0.51 | ||
| Q2 24 | $0.05 | $0.60 | ||
| Q1 24 | $-1.42 | $0.47 |
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 | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $3.5B | $720.3M |
| 总资产 | $6.1B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资SSRMTHRM
| Q4 25 | $575.6M | $160.8M | ||
| Q3 25 | $445.4M | $154.3M | ||
| Q2 25 | $438.5M | $128.3M | ||
| Q1 25 | $341.3M | $163.1M | ||
| Q4 24 | $417.3M | $134.1M | ||
| Q3 24 | $365.8M | $150.6M | ||
| Q2 24 | $384.4M | $123.5M | ||
| Q1 24 | $492.0M | $125.1M |
总债务SSRMTHRM
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | $228.6M | $220.1M | ||
| Q3 24 | $228.3M | $222.1M | ||
| Q2 24 | $228.0M | $222.1M | ||
| Q1 24 | $228.7M | $222.2M |
股东权益SSRMTHRM
| Q4 25 | $3.5B | $720.3M | ||
| Q3 25 | $3.3B | $717.9M | ||
| Q2 25 | $3.3B | $699.7M | ||
| Q1 25 | $3.2B | $646.5M | ||
| Q4 24 | $3.1B | $616.9M | ||
| Q3 24 | $3.1B | $660.7M | ||
| Q2 24 | $3.1B | $640.3M | ||
| Q1 24 | $3.1B | $647.1M |
总资产SSRMTHRM
| Q4 25 | $6.1B | $1.4B | ||
| Q3 25 | $5.9B | $1.4B | ||
| Q2 25 | $5.8B | $1.4B | ||
| Q1 25 | $5.6B | $1.3B | ||
| Q4 24 | $5.2B | $1.2B | ||
| Q3 24 | $5.1B | $1.3B | ||
| Q2 24 | $5.2B | $1.2B | ||
| Q1 24 | $5.3B | $1.3B |
负债/权益比SSRMTHRM
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | 0.07× | 0.36× | ||
| Q3 24 | 0.07× | 0.34× | ||
| Q2 24 | 0.07× | 0.35× | ||
| Q1 24 | 0.07× | 0.34× |
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 | $29.0M |
| 自由现金流经营现金流 - 资本支出 | $106.4M | $6.7M |
| 自由现金流率自由现金流/营收 | 20.4% | 1.7% |
| 资本支出强度资本支出/营收 | 12.6% | 5.8% |
| 现金转化率经营现金流/净利润 | 0.95× | 9.70× |
| 过去12个月自由现金流最近4个季度 | $241.6M | $61.1M |
8季度趋势，按日历期对齐
经营现金流SSRMTHRM
| Q4 25 | $172.1M | $29.0M | ||
| Q3 25 | $57.2M | $56.1M | ||
| Q2 25 | $157.8M | $45.0M | ||
| Q1 25 | $84.8M | $-13.3M | ||
| Q4 24 | $95.0M | $36.6M | ||
| Q3 24 | $-1.3M | $46.3M | ||
| Q2 24 | $-78.1M | $37.1M | ||
| Q1 24 | $24.6M | $-10.3M |
自由现金流SSRMTHRM
| Q4 25 | $106.4M | $6.7M | ||
| Q3 25 | $-2.4M | $46.5M | ||
| Q2 25 | $98.4M | $36.2M | ||
| Q1 25 | $39.3M | $-28.2M | ||
| Q4 24 | $56.4M | $13.6M | ||
| Q3 24 | $-34.1M | $26.6M | ||
| Q2 24 | $-116.3M | $17.8M | ||
| Q1 24 | $-9.4M | $-21.6M |
自由现金流率SSRMTHRM
| Q4 25 | 20.4% | 1.7% | ||
| Q3 25 | -0.6% | 12.0% | ||
| Q2 25 | 24.3% | 9.6% | ||
| Q1 25 | 12.4% | -8.0% | ||
| Q4 24 | 17.5% | 3.9% | ||
| Q3 24 | -13.2% | 7.2% | ||
| Q2 24 | -62.9% | 4.7% | ||
| Q1 24 | -4.1% | -6.1% |
资本支出强度SSRMTHRM
| Q4 25 | 12.6% | 5.8% | ||
| Q3 25 | 15.4% | 2.5% | ||
| Q2 25 | 14.7% | 2.4% | ||
| Q1 25 | 14.4% | 4.2% | ||
| Q4 24 | 11.9% | 6.5% | ||
| Q3 24 | 12.7% | 5.3% | ||
| Q2 24 | 20.7% | 5.2% | ||
| Q1 24 | 14.8% | 3.2% |
现金转化率SSRMTHRM
| Q4 25 | 0.95× | 9.70× | ||
| Q3 25 | 0.87× | 3.75× | ||
| Q2 25 | 1.75× | 94.43× | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 17.10× | 2.39× | ||
| Q3 24 | -0.13× | 2.90× | ||
| Q2 24 | -8.06× | 1.97× | ||
| Q1 24 | — | -0.70× |
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% |
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
