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ACV Auctions Inc.（ACVA）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ACV Auctions Inc.的32.8倍（$6.0B vs $183.6M）。ACV Auctions Inc.同比增速更快（15.1% vs 1.3%）。3M自由现金流更多（$2.0B vs $-14.7M）。过去两年ACV Auctions Inc.的营收复合增速更高（12.3% vs -1.8%）
ACV Auctions Inc.是北美领先的数字化二手车批发拍卖平台，主要服务美加两地汽车经销商，提供车辆透明检测、安全支付、物流配送等全链条服务，助力注册批发买卖双方无需线下到场即可高效完成二手车交易。
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。
ACVA vs MMM — 直观对比
营收规模更大
MMM
是对方的32.8倍
$183.6M
营收增速更快
ACVA
高出13.8%
1.3%
自由现金流更多
MMM
多$2.0B
$-14.7M
两年增速更快
ACVA
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $183.6M | $6.0B |
| 净利润 | — | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | -9.7% | 23.2% |
| 净利率 | — | 10.8% |
| 营收同比 | 15.1% | 1.3% |
| 净利润同比 | — | -41.5% |
| 每股收益（稀释后） | $-0.12 | $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ACVAMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $183.6M | $6.1B | ||
| Q3 25 | $199.6M | $6.5B | ||
| Q2 25 | $193.7M | $6.3B | ||
| Q1 25 | $182.7M | $6.0B | ||
| Q4 24 | $159.5M | $6.0B | ||
| Q3 24 | $171.3M | $6.3B | ||
| Q2 24 | $160.6M | $6.3B |
净利润ACVAMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | — | $577.0M | ||
| Q3 25 | $-24.5M | $834.0M | ||
| Q2 25 | $-7.3M | $723.0M | ||
| Q1 25 | $-14.8M | $1.1B | ||
| Q4 24 | — | $728.0M | ||
| Q3 24 | $-16.0M | $1.4B | ||
| Q2 24 | $-17.1M | $1.1B |
毛利率ACVAMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率ACVAMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -9.7% | 13.0% | ||
| Q3 25 | -11.9% | 22.2% | ||
| Q2 25 | -3.7% | 18.0% | ||
| Q1 25 | -7.9% | 20.9% | ||
| Q4 24 | -16.2% | 12.2% | ||
| Q3 24 | -10.0% | 20.9% | ||
| Q2 24 | -11.6% | 20.3% |
净利率ACVAMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | -12.3% | 12.8% | ||
| Q2 25 | -3.8% | 11.4% | ||
| Q1 25 | -8.1% | 18.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | -9.4% | 21.8% | ||
| Q2 24 | -10.6% | 18.3% |
每股收益（稀释后）ACVAMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-0.12 | $1.07 | ||
| Q3 25 | $-0.14 | $1.55 | ||
| Q2 25 | $-0.04 | $1.34 | ||
| Q1 25 | $-0.09 | $2.04 | ||
| Q4 24 | $-0.15 | $1.33 | ||
| Q3 24 | $-0.10 | $2.48 | ||
| Q2 24 | $-0.10 | $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 | $271.5M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $429.7M | $3.3B |
| 总资产 | $1.1B | $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ACVAMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $271.5M | — | ||
| Q3 25 | $265.3M | — | ||
| Q2 25 | $258.4M | — | ||
| Q1 25 | $291.9M | — | ||
| Q4 24 | $224.1M | — | ||
| Q3 24 | $252.5M | — | ||
| Q2 24 | $215.0M | — |
总债务ACVAMMM
| 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ACVAMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $429.7M | $4.7B | ||
| Q3 25 | $434.4M | $4.6B | ||
| Q2 25 | $448.8M | $4.3B | ||
| Q1 25 | $439.6M | $4.5B | ||
| Q4 24 | $440.0M | $3.8B | ||
| Q3 24 | $456.2M | $4.6B | ||
| Q2 24 | $457.6M | $3.9B |
总资产ACVAMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $1.1B | $37.7B | ||
| Q3 25 | $1.2B | $37.6B | ||
| Q2 25 | $1.1B | $38.0B | ||
| Q1 25 | $1.2B | $40.0B | ||
| Q4 24 | $984.1M | $39.9B | ||
| Q3 24 | $1.0B | $40.9B | ||
| Q2 24 | $1.0B | $43.4B |
负债/权益比ACVAMMM
| 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 | $-12.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-14.7M | $2.0B |
| 自由现金流率自由现金流/营收 | -8.0% | 33.6% |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $69.1M | $3.7B |
8季度趋势，按日历期对齐
经营现金流ACVAMMM
| Q1 26 | — | — | ||
| Q4 25 | $-12.4M | $1.6B | ||
| Q3 25 | $10.3M | $1.8B | ||
| Q2 25 | $13.7M | $-954.0M | ||
| Q1 25 | $66.6M | $-79.0M | ||
| Q4 24 | $-3.2M | $1.8B | ||
| Q3 24 | $21.1M | $-1.8B | ||
| Q2 24 | $4.5M | $1.0B |
自由现金流ACVAMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-14.7M | $1.3B | ||
| Q3 25 | $7.7M | $1.5B | ||
| Q2 25 | $10.9M | $-1.2B | ||
| Q1 25 | $65.3M | $-315.0M | ||
| Q4 24 | $-3.9M | $1.5B | ||
| Q3 24 | $20.2M | $-2.0B | ||
| Q2 24 | $2.7M | $752.0M |
自由现金流率ACVAMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -8.0% | 21.8% | ||
| Q3 25 | 3.8% | 23.6% | ||
| Q2 25 | 5.6% | -18.3% | ||
| Q1 25 | 35.7% | -5.3% | ||
| Q4 24 | -2.5% | 25.4% | ||
| Q3 24 | 11.8% | -32.3% | ||
| Q2 24 | 1.7% | 12.0% |
资本支出强度ACVAMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.0% | ||
| Q3 25 | 1.3% | 3.3% | ||
| Q2 25 | 1.5% | 3.3% | ||
| Q1 25 | 0.7% | 4.0% | ||
| Q4 24 | 0.4% | 4.8% | ||
| Q3 24 | 0.6% | 3.9% | ||
| Q2 24 | 1.1% | 4.3% |
现金转化率ACVAMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | — | -1.30× | ||
| Q2 24 | — | 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
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
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% |
