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SSR MINING INC.（SSRM）与VinFast Auto Ltd.（VFS）财务数据对比。点击上方公司名可切换其他公司
VinFast Auto Ltd.的季度营收约是SSR MINING INC.的1.4倍（$718.6M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs -2.8%，领先37.6%）
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。
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
SSRM vs VFS — 直观对比
营收规模更大
VFS
是对方的1.4倍
$521.7M
净利率更高
SSRM
高出37.6%
-2.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $718.6M |
| 净利润 | $181.5M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 38.8% | -96.1% |
| 净利率 | 34.8% | -2.8% |
| 营收同比 | 61.4% | — |
| 净利润同比 | 3166.6% | — |
| 每股收益（稀释后） | $0.84 | — |
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SSRMVFS
| Q4 25 | $521.7M | — | ||
| Q3 25 | $385.8M | $718.6M | ||
| Q2 25 | $405.5M | $663.0M | ||
| Q1 25 | $316.6M | $656.5M | ||
| Q4 24 | $323.2M | — | ||
| Q3 24 | $257.4M | $511.6M | ||
| Q2 24 | $184.8M | — | ||
| Q1 24 | $230.2M | $302.6M |
净利润SSRMVFS
| Q4 25 | $181.5M | — | ||
| Q3 25 | $65.4M | $-20.0M | ||
| Q2 25 | $90.1M | $-51.8M | ||
| Q1 25 | $58.8M | $-26.1M | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | $10.6M | $-10.4M | ||
| Q2 24 | $9.7M | — | ||
| Q1 24 | $-287.1M | $-618.3M |
营业利润率SSRMVFS
| Q4 25 | 38.8% | — | ||
| Q3 25 | 21.6% | -96.1% | ||
| Q2 25 | 26.9% | -79.0% | ||
| Q1 25 | 21.1% | -74.0% | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 3.5% | -65.9% | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | -163.5% | -139.4% |
净利率SSRMVFS
| Q4 25 | 34.8% | — | ||
| Q3 25 | 17.0% | -2.8% | ||
| Q2 25 | 22.2% | -7.8% | ||
| Q1 25 | 18.6% | -4.0% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 4.1% | -2.0% | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -124.7% | -204.3% |
每股收益（稀释后）SSRMVFS
| Q4 25 | $0.84 | — | ||
| Q3 25 | $0.31 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $0.28 | — | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $0.05 | — | ||
| Q1 24 | $-1.42 | — |
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 | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | — |
| 总资产 | $6.1B | $183.2M |
| 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SSRMVFS
| Q4 25 | $575.6M | — | ||
| Q3 25 | $445.4M | $8.8M | ||
| Q2 25 | $438.5M | $650.0M | ||
| Q1 25 | $341.3M | $2.4M | ||
| Q4 24 | $417.3M | — | ||
| Q3 24 | $365.8M | $1.9M | ||
| Q2 24 | $384.4M | — | ||
| Q1 24 | $492.0M | $3.0M |
总债务SSRMVFS
| 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SSRMVFS
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.3B | $-7.2B | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.1B | — | ||
| Q1 24 | $3.1B | — |
总资产SSRMVFS
| Q4 25 | $6.1B | — | ||
| Q3 25 | $5.9B | $183.2M | ||
| Q2 25 | $5.8B | $7.2B | ||
| Q1 25 | $5.6B | $158.2M | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.1B | $151.8M | ||
| Q2 24 | $5.2B | — | ||
| Q1 24 | $5.3B | $145.6M |
负债/权益比SSRMVFS
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $106.4M | — |
| 自由现金流率自由现金流/营收 | 20.4% | — |
| 资本支出强度资本支出/营收 | 12.6% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流SSRMVFS
| Q4 25 | $172.1M | — | ||
| Q3 25 | $57.2M | — | ||
| Q2 25 | $157.8M | — | ||
| Q1 25 | $84.8M | — | ||
| Q4 24 | $95.0M | — | ||
| Q3 24 | $-1.3M | — | ||
| Q2 24 | $-78.1M | — | ||
| Q1 24 | $24.6M | — |
自由现金流SSRMVFS
| Q4 25 | $106.4M | — | ||
| Q3 25 | $-2.4M | — | ||
| Q2 25 | $98.4M | — | ||
| Q1 25 | $39.3M | — | ||
| Q4 24 | $56.4M | — | ||
| Q3 24 | $-34.1M | — | ||
| Q2 24 | $-116.3M | — | ||
| Q1 24 | $-9.4M | — |
自由现金流率SSRMVFS
| Q4 25 | 20.4% | — | ||
| Q3 25 | -0.6% | — | ||
| Q2 25 | 24.3% | — | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | -13.2% | — | ||
| Q2 24 | -62.9% | — | ||
| Q1 24 | -4.1% | — |
资本支出强度SSRMVFS
| Q4 25 | 12.6% | — | ||
| Q3 25 | 15.4% | — | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 20.7% | — | ||
| Q1 24 | 14.8% | — |
现金转化率SSRMVFS
| 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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
