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SSR MINING INC.（SSRM）与Vestis Corp（VSTS）财务数据对比。点击上方公司名可切换其他公司
Vestis Corp的季度营收约是SSR MINING INC.的1.3倍（$663.4M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs -1.0%，领先35.7%），SSR MINING INC.同比增速更快（61.4% vs -3.0%），SSR MINING INC.自由现金流更多（$106.4M vs $28.3M），过去两年SSR MINING INC.的营收复合增速更高（50.5% vs -3.0%）
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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
SSRM vs VSTS — 直观对比
营收规模更大
VSTS
是对方的1.3倍
$521.7M
营收增速更快
SSRM
高出64.4%
-3.0%
净利率更高
SSRM
高出35.7%
-1.0%
自由现金流更多
SSRM
多$78.1M
$28.3M
两年增速更快
SSRM
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $663.4M |
| 净利润 | $181.5M | $-6.4M |
| 毛利率 | — | — |
| 营业利润率 | 38.8% | 2.5% |
| 净利率 | 34.8% | -1.0% |
| 营收同比 | 61.4% | -3.0% |
| 净利润同比 | 3166.6% | -868.1% |
| 每股收益（稀释后） | $0.84 | $-0.05 |
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SSRMVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $521.7M | $712.0M | ||
| Q3 25 | $385.8M | — | ||
| Q2 25 | $405.5M | $673.8M | ||
| Q1 25 | $316.6M | $665.2M | ||
| Q4 24 | $323.2M | $683.8M | ||
| Q3 24 | $257.4M | $684.3M | ||
| Q2 24 | $184.8M | $698.2M |
净利润SSRMVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $181.5M | $-12.5M | ||
| Q3 25 | $65.4M | — | ||
| Q2 25 | $90.1M | $-676.0K | ||
| Q1 25 | $58.8M | $-27.8M | ||
| Q4 24 | $5.6M | $832.0K | ||
| Q3 24 | $10.6M | $-2.3M | ||
| Q2 24 | $9.7M | $5.0M |
营业利润率SSRMVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 38.8% | 2.5% | ||
| Q3 25 | 21.6% | — | ||
| Q2 25 | 26.9% | 3.7% | ||
| Q1 25 | 21.1% | -1.3% | ||
| Q4 24 | 10.6% | 4.4% | ||
| Q3 24 | 3.5% | 4.4% | ||
| Q2 24 | 5.8% | 5.4% |
净利率SSRMVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | 34.8% | -1.8% | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 22.2% | -0.1% | ||
| Q1 25 | 18.6% | -4.2% | ||
| Q4 24 | 1.7% | 0.1% | ||
| Q3 24 | 4.1% | -0.3% | ||
| Q2 24 | 5.2% | 0.7% |
每股收益（稀释后）SSRMVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $0.84 | $-0.10 | ||
| Q3 25 | $0.31 | — | ||
| Q2 25 | $0.42 | $-0.01 | ||
| Q1 25 | $0.28 | $-0.21 | ||
| Q4 24 | $0.03 | $0.01 | ||
| Q3 24 | $0.05 | $-0.02 | ||
| Q2 24 | $0.05 | $0.04 |
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 | $41.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $864.4M |
| 总资产 | $6.1B | $2.9B |
| 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SSRMVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $575.6M | $29.7M | ||
| Q3 25 | $445.4M | — | ||
| Q2 25 | $438.5M | $23.7M | ||
| Q1 25 | $341.3M | $28.8M | ||
| Q4 24 | $417.3M | $18.6M | ||
| Q3 24 | $365.8M | $31.0M | ||
| Q2 24 | $384.4M | $29.1M |
总债务SSRMVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $228.6M | — | ||
| Q3 24 | $228.3M | $1.2B | ||
| Q2 24 | $228.0M | — |
股东权益SSRMVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $3.5B | $865.6M | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.3B | $882.2M | ||
| Q1 25 | $3.2B | $876.3M | ||
| Q4 24 | $3.1B | $899.6M | ||
| Q3 24 | $3.1B | $903.1M | ||
| Q2 24 | $3.1B | $901.2M |
总资产SSRMVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $6.1B | $2.9B | ||
| Q3 25 | $5.9B | — | ||
| Q2 25 | $5.8B | $2.9B | ||
| Q1 25 | $5.6B | $2.9B | ||
| Q4 24 | $5.2B | $2.9B | ||
| Q3 24 | $5.1B | $2.9B | ||
| Q2 24 | $5.2B | $3.1B |
负债/权益比SSRMVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.07× | 1.29× | ||
| Q2 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 | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $106.4M | $28.3M |
| 自由现金流率自由现金流/营收 | 20.4% | 4.3% |
| 资本支出强度资本支出/营收 | 12.6% | 1.4% |
| 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 | $45.0M |
8季度趋势，按日历期对齐
经营现金流SSRMVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $172.1M | $30.9M | ||
| Q3 25 | $57.2M | — | ||
| Q2 25 | $157.8M | $22.9M | ||
| Q1 25 | $84.8M | $6.7M | ||
| Q4 24 | $95.0M | $3.8M | ||
| Q3 24 | $-1.3M | $295.6M | ||
| Q2 24 | $-78.1M | $48.7M |
自由现金流SSRMVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $106.4M | $15.6M | ||
| Q3 25 | $-2.4M | — | ||
| Q2 25 | $98.4M | $8.0M | ||
| Q1 25 | $39.3M | $-6.9M | ||
| Q4 24 | $56.4M | $-11.0M | ||
| Q3 24 | $-34.1M | $267.5M | ||
| Q2 24 | $-116.3M | $27.7M |
自由现金流率SSRMVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | 20.4% | 2.2% | ||
| Q3 25 | -0.6% | — | ||
| Q2 25 | 24.3% | 1.2% | ||
| Q1 25 | 12.4% | -1.0% | ||
| Q4 24 | 17.5% | -1.6% | ||
| Q3 24 | -13.2% | 39.1% | ||
| Q2 24 | -62.9% | 4.0% |
资本支出强度SSRMVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 12.6% | 2.2% | ||
| Q3 25 | 15.4% | — | ||
| Q2 25 | 14.7% | 2.2% | ||
| Q1 25 | 14.4% | 2.0% | ||
| Q4 24 | 11.9% | 2.2% | ||
| Q3 24 | 12.7% | 4.1% | ||
| Q2 24 | 20.7% | 3.0% |
现金转化率SSRMVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.95× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | 17.10× | 4.54× | ||
| Q3 24 | -0.13× | — | ||
| Q2 24 | -8.06× | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
