vs
APi Group Corp（APG）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APi Group Corp的2.8倍（$6.0B vs $2.1B）。3M净利率更高（10.8% vs 4.6%，领先6.2%）。APi Group Corp同比增速更快（13.8% vs 1.3%）。3M自由现金流更多（$2.0B vs $356.0M）。过去两年APi Group Corp的营收复合增速更高（15.0% vs -1.8%）
xAI是埃隆·马斯克2023年创立的美国科技企业，为航天企业SpaceX的全资子公司，业务覆盖人工智能、社交媒体领域，核心产品包括生成式AI聊天机器人Grok，以及2025年3月收购的社交媒体平台X。
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。
APG vs MMM — 直观对比
营收规模更大
MMM
是对方的2.8倍
$2.1B
营收增速更快
APG
高出12.5%
1.3%
净利率更高
MMM
高出6.2%
4.6%
自由现金流更多
MMM
多$1.7B
$356.0M
两年增速更快
APG
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $6.0B |
| 净利润 | $97.0M | $653.0M |
| 毛利率 | 32.0% | 40.7% |
| 营业利润率 | 7.7% | 23.2% |
| 净利率 | 4.6% | 10.8% |
| 营收同比 | 13.8% | 1.3% |
| 净利润同比 | 44.8% | -41.5% |
| 每股收益（稀释后） | $-1.16 | $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APGMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $2.1B | $6.1B | ||
| Q3 25 | $2.1B | $6.5B | ||
| Q2 25 | $2.0B | $6.3B | ||
| Q1 25 | $1.7B | $6.0B | ||
| Q4 24 | $1.9B | $6.0B | ||
| Q3 24 | $1.8B | $6.3B | ||
| Q2 24 | $1.7B | $6.3B |
净利润APGMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $97.0M | $577.0M | ||
| Q3 25 | $93.0M | $834.0M | ||
| Q2 25 | $77.0M | $723.0M | ||
| Q1 25 | $35.0M | $1.1B | ||
| Q4 24 | $67.0M | $728.0M | ||
| Q3 24 | $69.0M | $1.4B | ||
| Q2 24 | $69.0M | $1.1B |
毛利率APGMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 32.0% | 33.6% | ||
| Q3 25 | 31.3% | 41.8% | ||
| Q2 25 | 30.9% | 42.5% | ||
| Q1 25 | 31.5% | 41.6% | ||
| Q4 24 | 30.9% | 51.7% | ||
| Q3 24 | 31.1% | 42.1% | ||
| Q2 24 | 31.4% | 42.9% |
营业利润率APGMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 7.7% | 13.0% | ||
| Q3 25 | 7.8% | 22.2% | ||
| Q2 25 | 7.2% | 18.0% | ||
| Q1 25 | 4.9% | 20.9% | ||
| Q4 24 | 6.2% | 12.2% | ||
| Q3 24 | 7.8% | 20.9% | ||
| Q2 24 | 7.3% | 20.3% |
净利率APGMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 4.6% | 9.4% | ||
| Q3 25 | 4.5% | 12.8% | ||
| Q2 25 | 3.9% | 11.4% | ||
| Q1 25 | 2.0% | 18.7% | ||
| Q4 24 | 3.6% | 12.1% | ||
| Q3 24 | 3.8% | 21.8% | ||
| Q2 24 | 4.0% | 18.3% |
每股收益（稀释后）APGMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-1.16 | $1.07 | ||
| Q3 25 | $0.20 | $1.55 | ||
| Q2 25 | $0.16 | $1.34 | ||
| Q1 25 | $0.11 | $2.04 | ||
| Q4 24 | $0.05 | $1.33 | ||
| Q3 24 | $0.23 | $2.48 | ||
| Q2 24 | $0.22 | $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 | $912.0M | $3.7B |
| 总债务越低越好 | $2.8B | $10.9B |
| 股东权益账面价值 | $3.4B | $3.3B |
| 总资产 | $8.9B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.81× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资APGMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $912.0M | — | ||
| Q3 25 | $555.0M | — | ||
| Q2 25 | $432.0M | — | ||
| Q1 25 | $460.0M | — | ||
| Q4 24 | $499.0M | — | ||
| Q3 24 | $487.0M | — | ||
| Q2 24 | $324.0M | — |
总债务APGMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $2.8B | $12.6B | ||
| Q3 25 | $2.8B | $12.6B | ||
| Q2 25 | $2.8B | $13.1B | ||
| Q1 25 | $2.8B | $13.5B | ||
| Q4 24 | $2.8B | $13.0B | ||
| Q3 24 | $2.9B | $13.2B | ||
| Q2 24 | $2.8B | $13.1B |
股东权益APGMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $3.4B | $4.7B | ||
| Q3 25 | $3.3B | $4.6B | ||
| Q2 25 | $3.2B | $4.3B | ||
| Q1 25 | $3.0B | $4.5B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.0B | $4.6B | ||
| Q2 24 | $2.8B | $3.9B |
总资产APGMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $8.9B | $37.7B | ||
| Q3 25 | $8.7B | $37.6B | ||
| Q2 25 | $8.5B | $38.0B | ||
| Q1 25 | $8.1B | $40.0B | ||
| Q4 24 | $8.2B | $39.9B | ||
| Q3 24 | $8.2B | $40.9B | ||
| Q2 24 | $8.0B | $43.4B |
负债/权益比APGMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.81× | 2.68× | ||
| Q3 25 | 0.84× | 2.72× | ||
| Q2 25 | 0.87× | 3.06× | ||
| Q1 25 | 0.92× | 3.02× | ||
| Q4 24 | 0.93× | 3.40× | ||
| Q3 24 | 0.96× | 2.84× | ||
| Q2 24 | 1.00× | 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 | $382.0M | — |
| 自由现金流经营现金流 - 资本支出 | $356.0M | $2.0B |
| 自由现金流率自由现金流/营收 | 16.8% | 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 | 3.94× | — |
| 过去12个月自由现金流最近4个季度 | $663.0M | $3.7B |
8季度趋势，按日历期对齐
经营现金流APGMMM
| Q1 26 | — | — | ||
| Q4 25 | $382.0M | $1.6B | ||
| Q3 25 | $232.0M | $1.8B | ||
| Q2 25 | $83.0M | $-954.0M | ||
| Q1 25 | $62.0M | $-79.0M | ||
| Q4 24 | $283.0M | $1.8B | ||
| Q3 24 | $220.0M | $-1.8B | ||
| Q2 24 | $110.0M | $1.0B |
自由现金流APGMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $356.0M | $1.3B | ||
| Q3 25 | $201.0M | $1.5B | ||
| Q2 25 | $56.0M | $-1.2B | ||
| Q1 25 | $50.0M | $-315.0M | ||
| Q4 24 | $265.0M | $1.5B | ||
| Q3 24 | $198.0M | $-2.0B | ||
| Q2 24 | $88.0M | $752.0M |
自由现金流率APGMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 16.8% | 21.8% | ||
| Q3 25 | 9.6% | 23.6% | ||
| Q2 25 | 2.8% | -18.3% | ||
| Q1 25 | 2.9% | -5.3% | ||
| Q4 24 | 14.2% | 25.4% | ||
| Q3 24 | 10.8% | -32.3% | ||
| Q2 24 | 5.1% | 12.0% |
资本支出强度APGMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.0% | ||
| Q3 25 | 1.5% | 3.3% | ||
| Q2 25 | 1.4% | 3.3% | ||
| Q1 25 | 0.7% | 4.0% | ||
| Q4 24 | 1.0% | 4.8% | ||
| Q3 24 | 1.2% | 3.9% | ||
| Q2 24 | 1.3% | 4.3% |
现金转化率APGMMM
| Q1 26 | — | — | ||
| Q4 25 | 3.94× | 2.74× | ||
| Q3 25 | 2.49× | 2.11× | ||
| Q2 25 | 1.08× | -1.32× | ||
| Q1 25 | 1.77× | -0.07× | ||
| Q4 24 | 4.22× | 2.50× | ||
| Q3 24 | 3.19× | -1.30× | ||
| Q2 24 | 1.59× | 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
APG
暂无分部数据
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% |
