Is the business good?
How good a business is SSRM?
SSR Mining Inc. earns 39% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
39%
Return on invested capital · cost of capital 9.0% · 30 points above what the capital costs: growth creates value
- Operating margin
- 40%
Operating margin · Gold median 39% · 12 months to Q2 2026
- Cash conversion
- 1.48×
Cash conversion · 0.94× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −3.6%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 22% |
| FY2021 | 30% |
| FY2022 | 17% |
| FY2023 | −9.1% |
| FY2024 | −32% |
| FY2025 | 28% |
Details›
- Gross margin12 months to Q2 2026
- 63%
- Operating margin12 months to Q2 2026
- 40%
- Net margin12 months to Q2 2026
- 12%
- Free cash flow margin
- 18%
- Revenue, trailing twelve months
- $1.93B
- Free cash flow, trailing twelve months
- $352M
- Net income, trailing twelve months
- $238M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 39%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.