vs
AAON, INC.（AAON）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是AAON, INC.的14.2倍（$6.0B vs $424.2M）。3M净利率更高（10.8% vs 7.6%，领先3.3%）。AAON, INC.同比增速更快（42.5% vs 1.3%）。过去两年AAON, INC.的营收复合增速更高（27.2% vs -1.8%）
AAON公司是商用及工业领域暖通空调设备专业生产商，总部位于美国俄克拉荷马州塔尔萨市，在得克萨斯州朗维尤、密苏里州帕克维尔、俄勒冈州雷德蒙德设有生产基地，全球员工约4000人，年销售额超8.8亿美元。
3M是美国知名跨国综合企业，业务覆盖工业、劳动者安全防护、消费品等多个领域，总部位于圣保罗郊区的枫木市。公司现有超6万款产品，涵盖胶粘剂、研磨材料、防火防护产品、个人防护装备、窗膜、车漆保护膜、电子连接绝缘材料、汽车养护产品、光学膜等品类。
AAON vs MMM — 直观对比
营收规模更大
MMM
是对方的14.2倍
$424.2M
营收增速更快
AAON
高出41.2%
1.3%
净利率更高
MMM
高出3.3%
7.6%
两年增速更快
AAON
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $6.0B |
| 净利润 | $32.0M | $653.0M |
| 毛利率 | 25.9% | 40.7% |
| 营业利润率 | 10.4% | 23.2% |
| 净利率 | 7.6% | 10.8% |
| 营收同比 | 42.5% | 1.3% |
| 净利润同比 | 29.7% | -41.5% |
| 每股收益（稀释后） | $0.38 | $1.23 |
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AAONMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $424.2M | $6.1B | ||
| Q3 25 | $384.2M | $6.5B | ||
| Q2 25 | $311.6M | $6.3B | ||
| Q1 25 | $322.1M | $6.0B | ||
| Q4 24 | $297.7M | $6.0B | ||
| Q3 24 | $327.3M | $6.3B | ||
| Q2 24 | $313.6M | $6.3B |
净利润AAONMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $32.0M | $577.0M | ||
| Q3 25 | $30.8M | $834.0M | ||
| Q2 25 | $15.5M | $723.0M | ||
| Q1 25 | $29.3M | $1.1B | ||
| Q4 24 | $24.7M | $728.0M | ||
| Q3 24 | $52.6M | $1.4B | ||
| Q2 24 | $52.2M | $1.1B |
毛利率AAONMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 25.9% | 33.6% | ||
| Q3 25 | 27.8% | 41.8% | ||
| Q2 25 | 26.6% | 42.5% | ||
| Q1 25 | 26.8% | 41.6% | ||
| Q4 24 | 26.1% | 51.7% | ||
| Q3 24 | 34.9% | 42.1% | ||
| Q2 24 | 36.1% | 42.9% |
营业利润率AAONMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 10.4% | 13.0% | ||
| Q3 25 | 11.3% | 22.2% | ||
| Q2 25 | 7.6% | 18.0% | ||
| Q1 25 | 10.9% | 20.9% | ||
| Q4 24 | 9.9% | 12.2% | ||
| Q3 24 | 20.0% | 20.9% | ||
| Q2 24 | 21.4% | 20.3% |
净利率AAONMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 7.6% | 9.4% | ||
| Q3 25 | 8.0% | 12.8% | ||
| Q2 25 | 5.0% | 11.4% | ||
| Q1 25 | 9.1% | 18.7% | ||
| Q4 24 | 8.3% | 12.1% | ||
| Q3 24 | 16.1% | 21.8% | ||
| Q2 24 | 16.7% | 18.3% |
每股收益（稀释后）AAONMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.38 | $1.07 | ||
| Q3 25 | $0.37 | $1.55 | ||
| Q2 25 | $0.19 | $1.34 | ||
| Q1 25 | $0.35 | $2.04 | ||
| Q4 24 | $0.31 | $1.33 | ||
| Q3 24 | $0.63 | $2.48 | ||
| Q2 24 | $0.62 | $2.07 |
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 | $13.0K | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $895.0M | $3.3B |
| 总资产 | $1.7B | $35.4B |
| 负债/权益比越低杠杆越低 | — | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资AAONMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $13.0K | — | ||
| Q3 25 | $1.0M | — | ||
| Q2 25 | $14.0K | — | ||
| Q1 25 | $994.0K | — | ||
| Q4 24 | $14.0K | — | ||
| Q3 24 | $15.0K | — | ||
| Q2 24 | $13.0K | — |
总债务AAONMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | — | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益AAONMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $895.0M | $4.7B | ||
| Q3 25 | $863.1M | $4.6B | ||
| Q2 25 | $832.7M | $4.3B | ||
| Q1 25 | $815.9M | $4.5B | ||
| Q4 24 | $824.6M | $3.8B | ||
| Q3 24 | $796.9M | $4.6B | ||
| Q2 24 | $740.5M | $3.9B |
总资产AAONMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $1.7B | $37.7B | ||
| Q3 25 | $1.5B | $37.6B | ||
| Q2 25 | $1.4B | $38.0B | ||
| Q1 25 | $1.3B | $40.0B | ||
| Q4 24 | $1.2B | $39.9B | ||
| Q3 24 | $1.0B | $40.9B | ||
| Q2 24 | $1.0B | $43.4B |
负债/权益比AAONMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 3.40× | ||
| Q3 24 | — | 2.84× | ||
| Q2 24 | — | 3.34× |
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 | $19.3M | — |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 33.6% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.60× | — |
| 过去12个月自由现金流最近4个季度 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流AAONMMM
| Q1 26 | — | — | ||
| Q4 25 | $19.3M | $1.6B | ||
| Q3 25 | $12.3M | $1.8B | ||
| Q2 25 | $-21.8M | $-954.0M | ||
| Q1 25 | $-9.2M | $-79.0M | ||
| Q4 24 | $845.0K | $1.8B | ||
| Q3 24 | $63.8M | $-1.8B | ||
| Q2 24 | $35.5M | $1.0B |
自由现金流AAONMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $-1.2B | ||
| Q1 25 | — | $-315.0M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $-2.0B | ||
| Q2 24 | — | $752.0M |
自由现金流率AAONMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | -32.3% | ||
| Q2 24 | — | 12.0% |
资本支出强度AAONMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 4.3% |
现金转化率AAONMMM
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 2.74× | ||
| Q3 25 | 0.40× | 2.11× | ||
| Q2 25 | -1.41× | -1.32× | ||
| Q1 25 | -0.31× | -0.07× | ||
| Q4 24 | 0.03× | 2.50× | ||
| Q3 24 | 1.21× | -1.30× | ||
| Q2 24 | 0.68× | 0.89× |
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
AAON
| AAON Oklahoma | $215.5M | 51% |
| Bas X | $106.1M | 25% |
| AAON Coil Products | $102.6M | 24% |
MMM
| Safety and Industrial business segment | $2.9B | 49% |
| Transportation and Electronics business segment | $1.8B | 31% |
| Consumer business segment | $1.1B | 19% |
| Corporate | $121.0M | 2% |
