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SSR MINING INC.（SSRM）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）财务数据对比。点击上方公司名可切换其他公司
ADVANCED DRAINAGE SYSTEMS, INC.的季度营收约是SSR MINING INC.的1.3倍（$693.4M vs $521.7M），SSR MINING INC.净利率更高（34.8% vs 13.5%，领先21.3%），SSR MINING INC.同比增速更快（61.4% vs 0.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $106.4M），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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
SSRM vs WMS — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $521.7M | $693.4M |
| 净利润 | $181.5M | $93.6M |
| 毛利率 | — | 37.4% |
| 营业利润率 | 38.8% | 19.7% |
| 净利率 | 34.8% | 13.5% |
| 营收同比 | 61.4% | 0.4% |
| 净利润同比 | 3166.6% | 15.3% |
| 每股收益（稀释后） | $0.84 | $1.19 |
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
| Q4 25 | $521.7M | $693.4M | ||
| Q3 25 | $385.8M | $850.4M | ||
| Q2 25 | $405.5M | $829.9M | ||
| Q1 25 | $316.6M | $615.8M | ||
| Q4 24 | $323.2M | $690.5M | ||
| Q3 24 | $257.4M | $782.6M | ||
| Q2 24 | $184.8M | $815.3M | ||
| Q1 24 | $230.2M | $653.8M |
| Q4 25 | $181.5M | $93.6M | ||
| Q3 25 | $65.4M | $156.0M | ||
| Q2 25 | $90.1M | $143.9M | ||
| Q1 25 | $58.8M | $77.2M | ||
| Q4 24 | $5.6M | $81.2M | ||
| Q3 24 | $10.6M | $130.4M | ||
| Q2 24 | $9.7M | $161.4M | ||
| Q1 24 | $-287.1M | $94.8M |
| Q4 25 | — | 37.4% | ||
| Q3 25 | — | 40.0% | ||
| Q2 25 | — | 39.8% | ||
| Q1 25 | — | 36.7% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 38.8% | 19.7% | ||
| Q3 25 | 21.6% | 26.3% | ||
| Q2 25 | 26.9% | 24.8% | ||
| Q1 25 | 21.1% | 19.0% | ||
| Q4 24 | 10.6% | 18.4% | ||
| Q3 24 | 3.5% | 23.9% | ||
| Q2 24 | 5.8% | 27.7% | ||
| Q1 24 | -163.5% | 20.7% |
| Q4 25 | 34.8% | 13.5% | ||
| Q3 25 | 17.0% | 18.3% | ||
| Q2 25 | 22.2% | 17.3% | ||
| Q1 25 | 18.6% | 12.5% | ||
| Q4 24 | 1.7% | 11.8% | ||
| Q3 24 | 4.1% | 16.7% | ||
| Q2 24 | 5.2% | 19.8% | ||
| Q1 24 | -124.7% | 14.5% |
| Q4 25 | $0.84 | $1.19 | ||
| Q3 25 | $0.31 | $1.99 | ||
| Q2 25 | $0.42 | $1.84 | ||
| Q1 25 | $0.28 | $0.99 | ||
| Q4 24 | $0.03 | $1.04 | ||
| Q3 24 | $0.05 | $1.67 | ||
| Q2 24 | $0.05 | $2.06 | ||
| Q1 24 | $-1.42 | $1.22 |
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 | $1.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $1.9B |
| 总资产 | $6.1B | $4.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $575.6M | $1.0B | ||
| Q3 25 | $445.4M | $812.9M | ||
| Q2 25 | $438.5M | $638.3M | ||
| Q1 25 | $341.3M | $463.3M | ||
| Q4 24 | $417.3M | $488.9M | ||
| Q3 24 | $365.8M | $613.0M | ||
| Q2 24 | $384.4M | $541.6M | ||
| Q1 24 | $492.0M | $490.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $228.6M | — | ||
| Q3 24 | $228.3M | — | ||
| Q2 24 | $228.0M | — | ||
| Q1 24 | $228.7M | $1.3B |
| Q4 25 | $3.5B | $1.9B | ||
| Q3 25 | $3.3B | $1.8B | ||
| Q2 25 | $3.3B | $1.7B | ||
| Q1 25 | $3.2B | $1.5B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $3.1B | $1.3B | ||
| Q1 24 | $3.1B | $1.2B |
| Q4 25 | $6.1B | $4.1B | ||
| Q3 25 | $5.9B | $4.1B | ||
| Q2 25 | $5.8B | $3.9B | ||
| Q1 25 | $5.6B | $3.7B | ||
| Q4 24 | $5.2B | $3.6B | ||
| Q3 24 | $5.1B | $3.5B | ||
| Q2 24 | $5.2B | $3.4B | ||
| Q1 24 | $5.3B | $3.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.07× | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $106.4M | $183.6M |
| 自由现金流率自由现金流/营收 | 20.4% | 26.5% |
| 资本支出强度资本支出/营收 | 12.6% | 12.4% |
| 现金转化率经营现金流/净利润 | 0.95× | 2.88× |
| 过去12个月自由现金流最近4个季度 | $241.6M | $577.1M |
8季度趋势，按日历期对齐
| Q4 25 | $172.1M | $269.3M | ||
| Q3 25 | $57.2M | $234.9M | ||
| Q2 25 | $157.8M | $275.0M | ||
| Q1 25 | $84.8M | $41.2M | ||
| Q4 24 | $95.0M | $189.9M | ||
| Q3 24 | $-1.3M | $166.9M | ||
| Q2 24 | $-78.1M | $183.4M | ||
| Q1 24 | $24.6M | $17.7M |
| Q4 25 | $106.4M | $183.6M | ||
| Q3 25 | $-2.4M | $176.4M | ||
| Q2 25 | $98.4M | $222.4M | ||
| Q1 25 | $39.3M | $-5.3M | ||
| Q4 24 | $56.4M | $135.7M | ||
| Q3 24 | $-34.1M | $112.4M | ||
| Q2 24 | $-116.3M | $125.7M | ||
| Q1 24 | $-9.4M | $-29.8M |
| Q4 25 | 20.4% | 26.5% | ||
| Q3 25 | -0.6% | 20.7% | ||
| Q2 25 | 24.3% | 26.8% | ||
| Q1 25 | 12.4% | -0.9% | ||
| Q4 24 | 17.5% | 19.7% | ||
| Q3 24 | -13.2% | 14.4% | ||
| Q2 24 | -62.9% | 15.4% | ||
| Q1 24 | -4.1% | -4.6% |
| Q4 25 | 12.6% | 12.4% | ||
| Q3 25 | 15.4% | 6.9% | ||
| Q2 25 | 14.7% | 6.3% | ||
| Q1 25 | 14.4% | 7.6% | ||
| Q4 24 | 11.9% | 7.9% | ||
| Q3 24 | 12.7% | 7.0% | ||
| Q2 24 | 20.7% | 7.1% | ||
| Q1 24 | 14.8% | 7.3% |
| Q4 25 | 0.95× | 2.88× | ||
| Q3 25 | 0.87× | 1.51× | ||
| Q2 25 | 1.75× | 1.91× | ||
| Q1 25 | 1.44× | 0.53× | ||
| Q4 24 | 17.10× | 2.34× | ||
| Q3 24 | -0.13× | 1.28× | ||
| Q2 24 | -8.06× | 1.14× | ||
| Q1 24 | — | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
