vs
AAR CORP（AIR）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AAR CORP的7.6倍（$6.0B vs $795.3M）。3M净利率更高（10.8% vs 4.4%，领先6.5%）。AAR CORP同比增速更快（15.9% vs 1.3%）。3M自由现金流更多（$2.0B vs $6.2M）
AAR CORP是一家美国航空服务企业，为全球商业及政府客户提供飞机维护相关服务，总部位于伊利诺伊州芝加哥郊区的伍德戴尔，在约30个国家开展业务，现有员工约6000人，现任首席执行官为约翰·霍姆斯。
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。
AIR vs MMM — 直观对比
营收规模更大
MMM
是对方的7.6倍
$795.3M
营收增速更快
AIR
高出14.6%
1.3%
净利率更高
MMM
高出6.5%
4.4%
自由现金流更多
MMM
多$2.0B
$6.2M
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $795.3M | $6.0B |
| 净利润 | $34.6M | $653.0M |
| 毛利率 | 19.7% | 40.7% |
| 营业利润率 | 6.0% | 23.2% |
| 净利率 | 4.4% | 10.8% |
| 营收同比 | 15.9% | 1.3% |
| 净利润同比 | 213.1% | -41.5% |
| 每股收益（稀释后） | $0.90 | $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AIRMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $795.3M | $6.1B | ||
| Q3 25 | $739.6M | $6.5B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | — | $6.3B |
净利润AIRMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $34.6M | $577.0M | ||
| Q3 25 | $34.4M | $834.0M | ||
| Q2 25 | — | $723.0M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $728.0M | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.1B |
毛利率AIRMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 19.7% | 33.6% | ||
| Q3 25 | 18.1% | 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AIRMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 6.0% | 13.0% | ||
| Q3 25 | 6.4% | 22.2% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | — | 20.3% |
净利率AIRMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 4.4% | 9.4% | ||
| Q3 25 | 4.7% | 12.8% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 18.3% |
每股收益（稀释后）AIRMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.90 | $1.07 | ||
| Q3 25 | $0.95 | $1.55 | ||
| Q2 25 | — | $1.34 | ||
| Q1 25 | — | $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 | $75.6M | $3.7B |
| 总债务越低越好 | $952.7M | $10.9B |
| 股东权益账面价值 | $1.6B | $3.3B |
| 总资产 | $3.2B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.61× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资AIRMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $75.6M | — | ||
| Q3 25 | $80.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务AIRMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $952.7M | $12.6B | ||
| Q3 25 | $1.0B | $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AIRMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.6B | $4.7B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $3.9B |
总资产AIRMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $3.2B | $37.7B | ||
| Q3 25 | $2.9B | $37.6B | ||
| Q2 25 | — | $38.0B | ||
| Q1 25 | — | $40.0B | ||
| Q4 24 | — | $39.9B | ||
| Q3 24 | — | $40.9B | ||
| Q2 24 | — | $43.4B |
负债/权益比AIRMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.61× | 2.68× | ||
| Q3 25 | 0.82× | 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 | $13.6M | — |
| 自由现金流经营现金流 - 资本支出 | $6.2M | $2.0B |
| 自由现金流率自由现金流/营收 | 0.8% | 33.6% |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 0.39× | — |
| 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AIRMMM
| Q1 26 | — | — | ||
| Q4 25 | $13.6M | $1.6B | ||
| Q3 25 | $-44.9M | $1.8B | ||
| Q2 25 | — | $-954.0M | ||
| Q1 25 | — | $-79.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.8B | ||
| Q2 24 | — | $1.0B |
自由现金流AIRMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $6.2M | $1.3B | ||
| Q3 25 | $-53.6M | $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AIRMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 0.8% | 21.8% | ||
| Q3 25 | -7.2% | 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AIRMMM
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 4.0% | ||
| Q3 25 | 1.2% | 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AIRMMM
| Q1 26 | — | — | ||
| Q4 25 | 0.39× | 2.74× | ||
| Q3 25 | -1.31× | 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
AIR
| Commercial Customer | $268.1M | 34% |
| Repair And Engineering | $244.5M | 31% |
| Integrated Solutions | $175.8M | 22% |
| Government And Defense Customer | $85.5M | 11% |
| Expeditionary Services | $21.4M | 3% |
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% |
