vs
Arcosa, Inc.（ACA）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Arcosa, Inc.的8.4倍（$6.0B vs $716.7M）。3M净利率更高（10.8% vs 7.3%，领先3.6%）。Arcosa, Inc.同比增速更快（7.6% vs 1.3%）。3M自由现金流更多（$2.0B vs $55.8M）。过去两年Arcosa, Inc.的营收复合增速更高（9.4% vs -1.8%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
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。
ACA vs MMM — 直观对比
营收规模更大
MMM
是对方的8.4倍
$716.7M
营收增速更快
ACA
高出6.3%
1.3%
净利率更高
MMM
高出3.6%
7.3%
自由现金流更多
MMM
多$2.0B
$55.8M
两年增速更快
ACA
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $6.0B |
| 净利润 | $52.1M | $653.0M |
| 毛利率 | 22.9% | 40.7% |
| 营业利润率 | 11.0% | 23.2% |
| 净利率 | 7.3% | 10.8% |
| 营收同比 | 7.6% | 1.3% |
| 净利润同比 | 776.6% | -41.5% |
| 每股收益（稀释后） | $1.06 | $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ACAMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $716.7M | $6.1B | ||
| Q3 25 | $797.8M | $6.5B | ||
| Q2 25 | $736.9M | $6.3B | ||
| Q1 25 | $632.0M | $6.0B | ||
| Q4 24 | $666.2M | $6.0B | ||
| Q3 24 | $640.4M | $6.3B | ||
| Q2 24 | $664.7M | $6.3B |
净利润ACAMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $52.1M | $577.0M | ||
| Q3 25 | $73.0M | $834.0M | ||
| Q2 25 | $59.7M | $723.0M | ||
| Q1 25 | $23.6M | $1.1B | ||
| Q4 24 | $-7.7M | $728.0M | ||
| Q3 24 | $16.6M | $1.4B | ||
| Q2 24 | $45.6M | $1.1B |
毛利率ACAMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 22.9% | 33.6% | ||
| Q3 25 | 24.1% | 41.8% | ||
| Q2 25 | 22.5% | 42.5% | ||
| Q1 25 | 19.8% | 41.6% | ||
| Q4 24 | 19.3% | 51.7% | ||
| Q3 24 | 21.3% | 42.1% | ||
| Q2 24 | 20.8% | 42.9% |
营业利润率ACAMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 11.0% | 13.0% | ||
| Q3 25 | 14.1% | 22.2% | ||
| Q2 25 | 12.9% | 18.0% | ||
| Q1 25 | 8.8% | 20.9% | ||
| Q4 24 | 6.5% | 12.2% | ||
| Q3 24 | 5.3% | 20.9% | ||
| Q2 24 | 10.1% | 20.3% |
净利率ACAMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 7.3% | 9.4% | ||
| Q3 25 | 9.2% | 12.8% | ||
| Q2 25 | 8.1% | 11.4% | ||
| Q1 25 | 3.7% | 18.7% | ||
| Q4 24 | -1.2% | 12.1% | ||
| Q3 24 | 2.6% | 21.8% | ||
| Q2 24 | 6.9% | 18.3% |
每股收益（稀释后）ACAMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.06 | $1.07 | ||
| Q3 25 | $1.48 | $1.55 | ||
| Q2 25 | $1.22 | $1.34 | ||
| Q1 25 | $0.48 | $2.04 | ||
| Q4 24 | $-0.16 | $1.33 | ||
| Q3 24 | $0.34 | $2.48 | ||
| Q2 24 | $0.93 | $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 | $214.6M | $3.7B |
| 总债务越低越好 | $1.5B | $10.9B |
| 股东权益账面价值 | $2.6B | $3.3B |
| 总资产 | $5.0B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.57× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资ACAMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $214.6M | — | ||
| Q3 25 | $220.0M | — | ||
| Q2 25 | $189.7M | — | ||
| Q1 25 | $167.9M | — | ||
| Q4 24 | $187.3M | — | ||
| Q3 24 | $756.8M | — | ||
| Q2 24 | $103.7M | — |
总债务ACAMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $1.5B | $12.6B | ||
| Q3 25 | $1.6B | $12.6B | ||
| Q2 25 | $1.7B | $13.1B | ||
| Q1 25 | $1.7B | $13.5B | ||
| Q4 24 | $1.7B | $13.0B | ||
| Q3 24 | $1.2B | $13.2B | ||
| Q2 24 | $699.9M | $13.1B |
股东权益ACAMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $2.6B | $4.7B | ||
| Q3 25 | $2.6B | $4.6B | ||
| Q2 25 | $2.5B | $4.3B | ||
| Q1 25 | $2.5B | $4.5B | ||
| Q4 24 | $2.4B | $3.8B | ||
| Q3 24 | $2.4B | $4.6B | ||
| Q2 24 | $2.4B | $3.9B |
总资产ACAMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $5.0B | $37.7B | ||
| Q3 25 | $5.1B | $37.6B | ||
| Q2 25 | $5.0B | $38.0B | ||
| Q1 25 | $4.9B | $40.0B | ||
| Q4 24 | $4.9B | $39.9B | ||
| Q3 24 | $4.4B | $40.9B | ||
| Q2 24 | $3.8B | $43.4B |
负债/权益比ACAMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.57× | 2.68× | ||
| Q3 25 | 0.61× | 2.72× | ||
| Q2 25 | 0.67× | 3.06× | ||
| Q1 25 | 0.68× | 3.02× | ||
| Q4 24 | 0.69× | 3.40× | ||
| Q3 24 | 0.51× | 2.84× | ||
| Q2 24 | 0.29× | 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 | $120.0M | — |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $2.0B |
| 自由现金流率自由现金流/营收 | 7.8% | 33.6% |
| 资本支出强度资本支出/营收 | 9.0% | — |
| 现金转化率经营现金流/净利润 | 2.30× | — |
| 过去12个月自由现金流最近4个季度 | $175.5M | $3.7B |
8季度趋势，按日历期对齐
经营现金流ACAMMM
| Q1 26 | — | — | ||
| Q4 25 | $120.0M | $1.6B | ||
| Q3 25 | $160.6M | $1.8B | ||
| Q2 25 | $61.2M | $-954.0M | ||
| Q1 25 | $-700.0K | $-79.0M | ||
| Q4 24 | $248.2M | $1.8B | ||
| Q3 24 | $135.0M | $-1.8B | ||
| Q2 24 | $38.3M | $1.0B |
自由现金流ACAMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $55.8M | $1.3B | ||
| Q3 25 | $121.0M | $1.5B | ||
| Q2 25 | $33.4M | $-1.2B | ||
| Q1 25 | $-34.7M | $-315.0M | ||
| Q4 24 | $194.9M | $1.5B | ||
| Q3 24 | $100.6M | $-2.0B | ||
| Q2 24 | $-9.3M | $752.0M |
自由现金流率ACAMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 7.8% | 21.8% | ||
| Q3 25 | 15.2% | 23.6% | ||
| Q2 25 | 4.5% | -18.3% | ||
| Q1 25 | -5.5% | -5.3% | ||
| Q4 24 | 29.3% | 25.4% | ||
| Q3 24 | 15.7% | -32.3% | ||
| Q2 24 | -1.4% | 12.0% |
资本支出强度ACAMMM
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 4.0% | ||
| Q3 25 | 5.0% | 3.3% | ||
| Q2 25 | 3.8% | 3.3% | ||
| Q1 25 | 5.4% | 4.0% | ||
| Q4 24 | 8.0% | 4.8% | ||
| Q3 24 | 5.4% | 3.9% | ||
| Q2 24 | 7.2% | 4.3% |
现金转化率ACAMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.30× | 2.74× | ||
| Q3 25 | 2.20× | 2.11× | ||
| Q2 25 | 1.03× | -1.32× | ||
| Q1 25 | -0.03× | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | 8.13× | -1.30× | ||
| Q2 24 | 0.84× | 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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
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% |
