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SSR MINING INC.（SSRM）与盛思阳（TSE）财务数据对比。点击上方公司名可切换其他公司
盛思阳的季度营收约是SSR MINING INC.的1.3倍（$662.6M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs -37.9%，领先72.7%），SSR MINING INC.同比增速更快（61.4% vs -19.3%），SSR MINING INC.自由现金流更多（$106.4M vs $6.6M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -14.4%）
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。
盛思阳（Trinseo）是一家专注于塑料与乳胶粘合剂生产的材料企业。该公司原隶属于陶氏化学公司，2009年陶氏将其分拆待售，2010年相关资产以斯泰隆（Styron）之名作价16.3亿美元出售给贝恩资本。2016年贝恩清仓全部持股， Trinseo自此成为完全独立的公众上市公司。
SSRM vs TSE — 直观对比
营收规模更大
TSE
是对方的1.3倍
$521.7M
营收增速更快
SSRM
高出80.8%
-19.3%
净利率更高
SSRM
高出72.7%
-37.9%
自由现金流更多
SSRM
多$99.8M
$6.6M
两年增速更快
SSRM
近两年复合增速
-14.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $662.6M |
| 净利润 | $181.5M | $-251.4M |
| 毛利率 | — | 4.2% |
| 营业利润率 | 38.8% | -24.7% |
| 净利率 | 34.8% | -37.9% |
| 营收同比 | 61.4% | -19.3% |
| 净利润同比 | 3166.6% | -113.2% |
| 每股收益（稀释后） | $0.84 | $-7.02 |
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SSRMTSE
| Q4 25 | $521.7M | $662.6M | ||
| Q3 25 | $385.8M | $743.2M | ||
| Q2 25 | $405.5M | $784.3M | ||
| Q1 25 | $316.6M | $784.8M | ||
| Q4 24 | $323.2M | $821.5M | ||
| Q3 24 | $257.4M | $867.7M | ||
| Q2 24 | $184.8M | $920.0M | ||
| Q1 24 | $230.2M | $904.0M |
净利润SSRMTSE
| Q4 25 | $181.5M | $-251.4M | ||
| Q3 25 | $65.4M | $-109.7M | ||
| Q2 25 | $90.1M | $-105.5M | ||
| Q1 25 | $58.8M | $-79.0M | ||
| Q4 24 | $5.6M | $-117.9M | ||
| Q3 24 | $10.6M | $-87.3M | ||
| Q2 24 | $9.7M | $-67.8M | ||
| Q1 24 | $-287.1M | $-75.5M |
毛利率SSRMTSE
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 8.1% | ||
| Q4 24 | — | 6.8% | ||
| Q3 24 | — | 9.3% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 6.7% |
营业利润率SSRMTSE
| Q4 25 | 38.8% | -24.7% | ||
| Q3 25 | 21.6% | -3.8% | ||
| Q2 25 | 26.9% | -4.2% | ||
| Q1 25 | 21.1% | -3.7% | ||
| Q4 24 | 10.6% | -5.4% | ||
| Q3 24 | 3.5% | -1.4% | ||
| Q2 24 | 5.8% | 1.5% | ||
| Q1 24 | -163.5% | -0.4% |
净利率SSRMTSE
| Q4 25 | 34.8% | -37.9% | ||
| Q3 25 | 17.0% | -14.8% | ||
| Q2 25 | 22.2% | -13.5% | ||
| Q1 25 | 18.6% | -10.1% | ||
| Q4 24 | 1.7% | -14.4% | ||
| Q3 24 | 4.1% | -10.1% | ||
| Q2 24 | 5.2% | -7.4% | ||
| Q1 24 | -124.7% | -8.4% |
每股收益（稀释后）SSRMTSE
| Q4 25 | $0.84 | $-7.02 | ||
| Q3 25 | $0.31 | $-3.05 | ||
| Q2 25 | $0.42 | $-2.95 | ||
| Q1 25 | $0.28 | $-2.22 | ||
| Q4 24 | $0.03 | $-3.33 | ||
| Q3 24 | $0.05 | $-2.47 | ||
| Q2 24 | $0.05 | $-1.92 | ||
| Q1 24 | $-1.42 | $-2.14 |
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 | $146.7M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $3.5B | $-1.1B |
| 总资产 | $6.1B | $2.3B |
| 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SSRMTSE
| Q4 25 | $575.6M | $146.7M | ||
| Q3 25 | $445.4M | $112.1M | ||
| Q2 25 | $438.5M | $137.0M | ||
| Q1 25 | $341.3M | $126.1M | ||
| Q4 24 | $417.3M | $209.8M | ||
| Q3 24 | $365.8M | $165.3M | ||
| Q2 24 | $384.4M | $105.6M | ||
| Q1 24 | $492.0M | $166.4M |
总债务SSRMTSE
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $228.6M | $2.4B | ||
| Q3 24 | $228.3M | $2.4B | ||
| Q2 24 | $228.0M | $2.3B | ||
| Q1 24 | $228.7M | $2.3B |
股东权益SSRMTSE
| Q4 25 | $3.5B | $-1.1B | ||
| Q3 25 | $3.3B | $-861.6M | ||
| Q2 25 | $3.3B | $-750.3M | ||
| Q1 25 | $3.2B | $-679.2M | ||
| Q4 24 | $3.1B | $-619.9M | ||
| Q3 24 | $3.1B | $-480.0M | ||
| Q2 24 | $3.1B | $-413.8M | ||
| Q1 24 | $3.1B | $-348.0M |
总资产SSRMTSE
| Q4 25 | $6.1B | $2.3B | ||
| Q3 25 | $5.9B | $2.5B | ||
| Q2 25 | $5.8B | $2.6B | ||
| Q1 25 | $5.6B | $2.7B | ||
| Q4 24 | $5.2B | $2.6B | ||
| Q3 24 | $5.1B | $2.9B | ||
| Q2 24 | $5.2B | $2.8B | ||
| Q1 24 | $5.3B | $3.0B |
负债/权益比SSRMTSE
| 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 | $22.6M |
| 自由现金流经营现金流 - 资本支出 | $106.4M | $6.6M |
| 自由现金流率自由现金流/营收 | 20.4% | 1.0% |
| 资本支出强度资本支出/营收 | 12.6% | 2.4% |
| 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 | $241.6M | $-153.4M |
8季度趋势，按日历期对齐
经营现金流SSRMTSE
| Q4 25 | $172.1M | $22.6M | ||
| Q3 25 | $57.2M | $-21.6M | ||
| Q2 25 | $157.8M | $6.8M | ||
| Q1 25 | $84.8M | $-110.2M | ||
| Q4 24 | $95.0M | $85.1M | ||
| Q3 24 | $-1.3M | $8.8M | ||
| Q2 24 | $-78.1M | $-41.9M | ||
| Q1 24 | $24.6M | $-66.2M |
自由现金流SSRMTSE
| Q4 25 | $106.4M | $6.6M | ||
| Q3 25 | $-2.4M | $-38.1M | ||
| Q2 25 | $98.4M | $-3.0M | ||
| Q1 25 | $39.3M | $-118.9M | ||
| Q4 24 | $56.4M | $63.9M | ||
| Q3 24 | $-34.1M | $-3.4M | ||
| Q2 24 | $-116.3M | $-56.1M | ||
| Q1 24 | $-9.4M | $-81.9M |
自由现金流率SSRMTSE
| Q4 25 | 20.4% | 1.0% | ||
| Q3 25 | -0.6% | -5.1% | ||
| Q2 25 | 24.3% | -0.4% | ||
| Q1 25 | 12.4% | -15.2% | ||
| Q4 24 | 17.5% | 7.8% | ||
| Q3 24 | -13.2% | -0.4% | ||
| Q2 24 | -62.9% | -6.1% | ||
| Q1 24 | -4.1% | -9.1% |
资本支出强度SSRMTSE
| Q4 25 | 12.6% | 2.4% | ||
| Q3 25 | 15.4% | 2.2% | ||
| Q2 25 | 14.7% | 1.2% | ||
| Q1 25 | 14.4% | 1.1% | ||
| Q4 24 | 11.9% | 2.6% | ||
| Q3 24 | 12.7% | 1.4% | ||
| Q2 24 | 20.7% | 1.5% | ||
| Q1 24 | 14.8% | 1.7% |
现金转化率SSRMTSE
| Q4 25 | 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
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
TSE
| Other | $325.2M | 49% |
| Asia Pacific | $142.2M | 21% |
| Engineered Materials | $105.0M | 16% |
| Latex | $59.9M | 9% |
| Polymer Solutions | $30.3M | 5% |
