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SSR MINING INC.（SSRM）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是SSR MINING INC.的1.1倍（$575.2M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 11.4%，领先23.4%），SSR MINING INC.同比增速更快（61.4% vs 6.3%），Tyler Technologies自由现金流更多（$239.6M vs $106.4M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs 6.0%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
SSRM vs TYL — 直观对比
营收规模更大
TYL
是对方的1.1倍
$521.7M
营收增速更快
SSRM
高出55.1%
6.3%
净利率更高
SSRM
高出23.4%
11.4%
自由现金流更多
TYL
多$133.2M
$106.4M
两年增速更快
SSRM
近两年复合增速
6.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $575.2M |
| 净利润 | $181.5M | $65.5M |
| 毛利率 | — | 45.5% |
| 营业利润率 | 38.8% | 13.0% |
| 净利率 | 34.8% | 11.4% |
| 营收同比 | 61.4% | 6.3% |
| 净利润同比 | 3166.6% | 0.5% |
| 每股收益（稀释后） | $0.84 | $1.50 |
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SSRMTYL
| Q4 25 | $521.7M | $575.2M | ||
| Q3 25 | $385.8M | $595.9M | ||
| Q2 25 | $405.5M | $596.1M | ||
| Q1 25 | $316.6M | $565.2M | ||
| Q4 24 | $323.2M | $541.1M | ||
| Q3 24 | $257.4M | $543.3M | ||
| Q2 24 | $184.8M | $541.0M | ||
| Q1 24 | $230.2M | $512.4M |
净利润SSRMTYL
| Q4 25 | $181.5M | $65.5M | ||
| Q3 25 | $65.4M | $84.4M | ||
| Q2 25 | $90.1M | $84.6M | ||
| Q1 25 | $58.8M | $81.1M | ||
| Q4 24 | $5.6M | $65.2M | ||
| Q3 24 | $10.6M | $75.9M | ||
| Q2 24 | $9.7M | $67.7M | ||
| Q1 24 | $-287.1M | $54.2M |
毛利率SSRMTYL
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 44.0% | ||
| Q1 24 | — | 43.7% |
营业利润率SSRMTYL
| Q4 25 | 38.8% | 13.0% | ||
| Q3 25 | 21.6% | 16.4% | ||
| Q2 25 | 26.9% | 16.0% | ||
| Q1 25 | 21.1% | 15.8% | ||
| Q4 24 | 10.6% | 13.2% | ||
| Q3 24 | 3.5% | 15.2% | ||
| Q2 24 | 5.8% | 14.4% | ||
| Q1 24 | -163.5% | 13.1% |
净利率SSRMTYL
| Q4 25 | 34.8% | 11.4% | ||
| Q3 25 | 17.0% | 14.2% | ||
| Q2 25 | 22.2% | 14.2% | ||
| Q1 25 | 18.6% | 14.3% | ||
| Q4 24 | 1.7% | 12.1% | ||
| Q3 24 | 4.1% | 14.0% | ||
| Q2 24 | 5.2% | 12.5% | ||
| Q1 24 | -124.7% | 10.6% |
每股收益（稀释后）SSRMTYL
| Q4 25 | $0.84 | $1.50 | ||
| Q3 25 | $0.31 | $1.93 | ||
| Q2 25 | $0.42 | $1.93 | ||
| Q1 25 | $0.28 | $1.84 | ||
| Q4 24 | $0.03 | $1.48 | ||
| Q3 24 | $0.05 | $1.74 | ||
| Q2 24 | $0.05 | $1.57 | ||
| Q1 24 | $-1.42 | $1.26 |
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 | $1.1B |
| 总债务越低越好 | — | $599.7M |
| 股东权益账面价值 | $3.5B | $3.7B |
| 总资产 | $6.1B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资SSRMTYL
| Q4 25 | $575.6M | $1.1B | ||
| Q3 25 | $445.4M | $950.8M | ||
| Q2 25 | $438.5M | $892.3M | ||
| Q1 25 | $341.3M | $807.4M | ||
| Q4 24 | $417.3M | $768.0M | ||
| Q3 24 | $365.8M | $544.3M | ||
| Q2 24 | $384.4M | $258.0M | ||
| Q1 24 | $492.0M | $196.9M |
总债务SSRMTYL
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | $228.6M | $597.9M | ||
| Q3 24 | $228.3M | $597.5M | ||
| Q2 24 | $228.0M | $597.1M | ||
| Q1 24 | $228.7M | $596.6M |
股东权益SSRMTYL
| Q4 25 | $3.5B | $3.7B | ||
| Q3 25 | $3.3B | $3.6B | ||
| Q2 25 | $3.3B | $3.6B | ||
| Q1 25 | $3.2B | $3.5B | ||
| Q4 24 | $3.1B | $3.4B | ||
| Q3 24 | $3.1B | $3.3B | ||
| Q2 24 | $3.1B | $3.1B | ||
| Q1 24 | $3.1B | $3.0B |
总资产SSRMTYL
| Q4 25 | $6.1B | $5.6B | ||
| Q3 25 | $5.9B | $5.5B | ||
| Q2 25 | $5.8B | $5.4B | ||
| Q1 25 | $5.6B | $5.2B | ||
| Q4 24 | $5.2B | $5.2B | ||
| Q3 24 | $5.1B | $5.0B | ||
| Q2 24 | $5.2B | $4.8B | ||
| Q1 24 | $5.3B | $4.6B |
负债/权益比SSRMTYL
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | 0.07× | 0.18× | ||
| Q3 24 | 0.07× | 0.18× | ||
| Q2 24 | 0.07× | 0.19× | ||
| Q1 24 | 0.07× | 0.20× |
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 | $243.9M |
| 自由现金流经营现金流 - 资本支出 | $106.4M | $239.6M |
| 自由现金流率自由现金流/营收 | 20.4% | 41.7% |
| 资本支出强度资本支出/营收 | 12.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.95× | 3.72× |
| 过去12个月自由现金流最近4个季度 | $241.6M | $637.5M |
8季度趋势，按日历期对齐
经营现金流SSRMTYL
| Q4 25 | $172.1M | $243.9M | ||
| Q3 25 | $57.2M | $255.2M | ||
| Q2 25 | $157.8M | $98.3M | ||
| Q1 25 | $84.8M | $56.2M | ||
| Q4 24 | $95.0M | $224.8M | ||
| Q3 24 | $-1.3M | $263.7M | ||
| Q2 24 | $-78.1M | $64.3M | ||
| Q1 24 | $24.6M | $71.8M |
自由现金流SSRMTYL
| Q4 25 | $106.4M | $239.6M | ||
| Q3 25 | $-2.4M | $251.3M | ||
| Q2 25 | $98.4M | $92.8M | ||
| Q1 25 | $39.3M | $53.8M | ||
| Q4 24 | $56.4M | $221.0M | ||
| Q3 24 | $-34.1M | $260.8M | ||
| Q2 24 | $-116.3M | $57.7M | ||
| Q1 24 | $-9.4M | $64.6M |
自由现金流率SSRMTYL
| Q4 25 | 20.4% | 41.7% | ||
| Q3 25 | -0.6% | 42.2% | ||
| Q2 25 | 24.3% | 15.6% | ||
| Q1 25 | 12.4% | 9.5% | ||
| Q4 24 | 17.5% | 40.8% | ||
| Q3 24 | -13.2% | 48.0% | ||
| Q2 24 | -62.9% | 10.7% | ||
| Q1 24 | -4.1% | 12.6% |
资本支出强度SSRMTYL
| Q4 25 | 12.6% | 0.8% | ||
| Q3 25 | 15.4% | 0.7% | ||
| Q2 25 | 14.7% | 0.9% | ||
| Q1 25 | 14.4% | 0.4% | ||
| Q4 24 | 11.9% | 0.7% | ||
| Q3 24 | 12.7% | 0.5% | ||
| Q2 24 | 20.7% | 1.2% | ||
| Q1 24 | 14.8% | 1.4% |
现金转化率SSRMTYL
| Q4 25 | 0.95× | 3.72× | ||
| Q3 25 | 0.87× | 3.02× | ||
| Q2 25 | 1.75× | 1.16× | ||
| Q1 25 | 1.44× | 0.69× | ||
| Q4 24 | 17.10× | 3.45× | ||
| Q3 24 | -0.13× | 3.47× | ||
| Q2 24 | -8.06× | 0.95× | ||
| Q1 24 | — | 1.33× |
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% |
TYL
| Saas Arrangements | $186.1M | 32% |
| Platform Technologies Segment | $143.3M | 25% |
| Maintenance | $109.4M | 19% |
| Professional Services | $55.3M | 10% |
| Nonrecurring Revenue | $51.3M | 9% |
| Other | $21.4M | 4% |
| Hardware And Other | $8.4M | 1% |
