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Aebi Schmidt Holding AG（AEBI）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Aebi Schmidt Holding AG的11.4倍（$6.0B vs $528.4M）。3M净利率更高（10.8% vs 1.7%，领先9.2%）。3M自由现金流更多（$2.0B vs $29.7M）
埃比施密特集团是一家源自瑞士的跨国企业，主营农业机械、重型工程设备以及市政作业设备的生产制造，产品涵盖运输车、通用作业底盘、扫路车、拖拉机、割草机等，主要应用于市政道路养护等作业场景。
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。
AEBI vs MMM — 直观对比
营收规模更大
MMM
是对方的11.4倍
$528.4M
净利率更高
MMM
高出9.2%
1.7%
自由现金流更多
MMM
多$2.0B
$29.7M
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $528.4M | $6.0B |
| 净利润 | $8.8M | $653.0M |
| 毛利率 | 18.9% | 40.7% |
| 营业利润率 | 5.2% | 23.2% |
| 净利率 | 1.7% | 10.8% |
| 营收同比 | — | 1.3% |
| 净利润同比 | — | -41.5% |
| 每股收益（稀释后） | $-0.18 | $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AEBIMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $528.4M | $6.1B | ||
| Q3 25 | $471.3M | $6.5B | ||
| Q2 25 | $277.7M | $6.3B | ||
| Q1 25 | $249.2M | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | — | $6.3B |
净利润AEBIMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $8.8M | $577.0M | ||
| Q3 25 | $1.2M | $834.0M | ||
| Q2 25 | $-2.3M | $723.0M | ||
| Q1 25 | $2.1M | $1.1B | ||
| Q4 24 | — | $728.0M | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.1B |
毛利率AEBIMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 18.9% | 33.6% | ||
| Q3 25 | 20.0% | 41.8% | ||
| Q2 25 | 20.5% | 42.5% | ||
| Q1 25 | 21.4% | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率AEBIMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 5.2% | 13.0% | ||
| Q3 25 | 3.7% | 22.2% | ||
| Q2 25 | 5.0% | 18.0% | ||
| Q1 25 | 5.8% | 20.9% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | — | 20.3% |
净利率AEBIMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 1.7% | 9.4% | ||
| Q3 25 | 0.3% | 12.8% | ||
| Q2 25 | -0.8% | 11.4% | ||
| Q1 25 | 0.8% | 18.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 18.3% |
每股收益（稀释后）AEBIMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-0.18 | $1.07 | ||
| Q3 25 | $0.02 | $1.55 | ||
| Q2 25 | $-0.06 | $1.34 | ||
| Q1 25 | $0.39 | $2.04 | ||
| Q4 24 | — | $1.33 | ||
| Q3 24 | — | $2.48 | ||
| Q2 24 | — | $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 | $98.5M | $3.7B |
| 总债务越低越好 | $595.0M | $10.9B |
| 股东权益账面价值 | $814.9M | $3.3B |
| 总资产 | $2.0B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.73× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资AEBIMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $98.5M | — | ||
| Q3 25 | $126.0M | — | ||
| Q2 25 | $63.6M | — | ||
| Q1 25 | $47.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AEBIMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $595.0M | $12.6B | ||
| Q3 25 | $628.4M | $12.6B | ||
| Q2 25 | $441.0M | $13.1B | ||
| Q1 25 | $402.4M | $13.5B | ||
| Q4 24 | — | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益AEBIMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $814.9M | $4.7B | ||
| Q3 25 | $812.2M | $4.6B | ||
| Q2 25 | $359.1M | $4.3B | ||
| Q1 25 | $371.3M | $4.5B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $3.9B |
总资产AEBIMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $2.0B | $37.7B | ||
| Q3 25 | $2.1B | $37.6B | ||
| Q2 25 | $1.2B | $38.0B | ||
| Q1 25 | $1.1B | $40.0B | ||
| Q4 24 | — | $39.9B | ||
| Q3 24 | — | $40.9B | ||
| Q2 24 | — | $43.4B |
负债/权益比AEBIMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.73× | 2.68× | ||
| Q3 25 | 0.77× | 2.72× | ||
| Q2 25 | 1.23× | 3.06× | ||
| Q1 25 | 1.08× | 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 | $33.5M | — |
| 自由现金流经营现金流 - 资本支出 | $29.7M | $2.0B |
| 自由现金流率自由现金流/营收 | 5.6% | 33.6% |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | 3.82× | — |
| 过去12个月自由现金流最近4个季度 | $-5.2M | $3.7B |
8季度趋势，按日历期对齐
经营现金流AEBIMMM
| Q1 26 | — | — | ||
| Q4 25 | $33.5M | $1.6B | ||
| Q3 25 | $-3.3M | $1.8B | ||
| Q2 25 | $5.3M | $-954.0M | ||
| Q1 25 | $-26.6M | $-79.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.8B | ||
| Q2 24 | — | $1.0B |
自由现金流AEBIMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $29.7M | $1.3B | ||
| Q3 25 | $-8.6M | $1.5B | ||
| Q2 25 | $3.3M | $-1.2B | ||
| Q1 25 | $-29.7M | $-315.0M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $-2.0B | ||
| Q2 24 | — | $752.0M |
自由现金流率AEBIMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 5.6% | 21.8% | ||
| Q3 25 | -1.8% | 23.6% | ||
| Q2 25 | 1.2% | -18.3% | ||
| Q1 25 | -11.9% | -5.3% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | -32.3% | ||
| Q2 24 | — | 12.0% |
资本支出强度AEBIMMM
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 4.0% | ||
| Q3 25 | 1.1% | 3.3% | ||
| Q2 25 | 0.7% | 3.3% | ||
| Q1 25 | 1.2% | 4.0% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 4.3% |
现金转化率AEBIMMM
| Q1 26 | — | — | ||
| Q4 25 | 3.82× | 2.74× | ||
| Q3 25 | -2.77× | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | -12.80× | -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
AEBI
| Transferred At Point In Time | $281.5M | 53% |
| Transferred Over Time | $246.9M | 47% |
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% |
