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Arlo Technologies, Inc.（ARLO）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Arlo Technologies, Inc.的42.7倍（$6.0B vs $141.3M）。3M净利率更高（10.8% vs 4.1%，领先6.7%）。Arlo Technologies, Inc.同比增速更快（16.2% vs 1.3%）。过去两年Arlo Technologies, Inc.的营收复合增速更高（6.7% vs -1.8%）
Arlo Technologies是一家专注于无线监控摄像头研发生产的美国企业。在2018年8月于纽交所完成首次公开募股之前，Arlo一直是网件（Netgear）旗下的监控产品品牌，IPO之后网件仍持有该公司多数控制权。
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。
ARLO vs MMM — 直观对比
营收规模更大
MMM
是对方的42.7倍
$141.3M
营收增速更快
ARLO
高出14.9%
1.3%
净利率更高
MMM
高出6.7%
4.1%
两年增速更快
ARLO
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $141.3M | $6.0B |
| 净利润 | $5.8M | $653.0M |
| 毛利率 | 46.4% | 40.7% |
| 营业利润率 | 3.3% | 23.2% |
| 净利率 | 4.1% | 10.8% |
| 营收同比 | 16.2% | 1.3% |
| 净利润同比 | 218.6% | -41.5% |
| 每股收益（稀释后） | $0.06 | $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ARLOMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $141.3M | $6.1B | ||
| Q3 25 | $139.5M | $6.5B | ||
| Q2 25 | $129.4M | $6.3B | ||
| Q1 25 | $119.1M | $6.0B | ||
| Q4 24 | $121.6M | $6.0B | ||
| Q3 24 | $137.7M | $6.3B | ||
| Q2 24 | $127.4M | $6.3B |
净利润ARLOMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $5.8M | $577.0M | ||
| Q3 25 | $6.9M | $834.0M | ||
| Q2 25 | $3.1M | $723.0M | ||
| Q1 25 | $-835.0K | $1.1B | ||
| Q4 24 | $-4.9M | $728.0M | ||
| Q3 24 | $-4.4M | $1.4B | ||
| Q2 24 | $-11.6M | $1.1B |
毛利率ARLOMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 46.4% | 33.6% | ||
| Q3 25 | 40.5% | 41.8% | ||
| Q2 25 | 44.9% | 42.5% | ||
| Q1 25 | 44.3% | 41.6% | ||
| Q4 24 | 36.9% | 51.7% | ||
| Q3 24 | 35.2% | 42.1% | ||
| Q2 24 | 36.8% | 42.9% |
营业利润率ARLOMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 3.3% | 13.0% | ||
| Q3 25 | 0.6% | 22.2% | ||
| Q2 25 | 1.5% | 18.0% | ||
| Q1 25 | -1.2% | 20.9% | ||
| Q4 24 | -5.0% | 12.2% | ||
| Q3 24 | -4.0% | 20.9% | ||
| Q2 24 | -10.0% | 20.3% |
净利率ARLOMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 4.1% | 9.4% | ||
| Q3 25 | 4.9% | 12.8% | ||
| Q2 25 | 2.4% | 11.4% | ||
| Q1 25 | -0.7% | 18.7% | ||
| Q4 24 | -4.0% | 12.1% | ||
| Q3 24 | -3.2% | 21.8% | ||
| Q2 24 | -9.1% | 18.3% |
每股收益（稀释后）ARLOMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.06 | $1.07 | ||
| Q3 25 | $0.06 | $1.55 | ||
| Q2 25 | $0.03 | $1.34 | ||
| Q1 25 | $-0.01 | $2.04 | ||
| Q4 24 | $-0.05 | $1.33 | ||
| Q3 24 | $-0.04 | $2.48 | ||
| Q2 24 | $-0.12 | $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 | $146.4M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $127.8M | $3.3B |
| 总资产 | $310.5M | $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ARLOMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $146.4M | — | ||
| Q3 25 | $86.0M | — | ||
| Q2 25 | $71.2M | — | ||
| Q1 25 | $84.0M | — | ||
| Q4 24 | $82.0M | — | ||
| Q3 24 | $77.0M | — | ||
| Q2 24 | $62.9M | — |
总债务ARLOMMM
| 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ARLOMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $127.8M | $4.7B | ||
| Q3 25 | $129.2M | $4.6B | ||
| Q2 25 | $118.3M | $4.3B | ||
| Q1 25 | $103.4M | $4.5B | ||
| Q4 24 | $100.9M | $3.8B | ||
| Q3 24 | $96.9M | $4.6B | ||
| Q2 24 | $99.3M | $3.9B |
总资产ARLOMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $310.5M | $37.7B | ||
| Q3 25 | $350.9M | $37.6B | ||
| Q2 25 | $319.7M | $38.0B | ||
| Q1 25 | $296.6M | $40.0B | ||
| Q4 24 | $298.4M | $39.9B | ||
| Q3 24 | $312.4M | $40.9B | ||
| Q2 24 | $295.8M | $43.4B |
负债/权益比ARLOMMM
| 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 | $19.8M | — |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 33.6% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.43× | — |
| 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ARLOMMM
| Q1 26 | — | — | ||
| Q4 25 | $19.8M | $1.6B | ||
| Q3 25 | $19.2M | $1.8B | ||
| Q2 25 | $8.8M | $-954.0M | ||
| Q1 25 | $30.9M | $-79.0M | ||
| Q4 24 | $6.7M | $1.8B | ||
| Q3 24 | $18.4M | $-1.8B | ||
| Q2 24 | $6.5M | $1.0B |
自由现金流ARLOMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $-1.2B | ||
| Q1 25 | $28.1M | $-315.0M | ||
| Q4 24 | $5.6M | $1.5B | ||
| Q3 24 | $17.4M | $-2.0B | ||
| Q2 24 | $6.2M | $752.0M |
自由现金流率ARLOMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | 23.6% | -5.3% | ||
| Q4 24 | 4.6% | 25.4% | ||
| Q3 24 | 12.6% | -32.3% | ||
| Q2 24 | 4.8% | 12.0% |
资本支出强度ARLOMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | 2.4% | 4.0% | ||
| Q4 24 | 0.9% | 4.8% | ||
| Q3 24 | 0.7% | 3.9% | ||
| Q2 24 | 0.2% | 4.3% |
现金转化率ARLOMMM
| Q1 26 | — | — | ||
| Q4 25 | 3.43× | 2.74× | ||
| Q3 25 | 2.79× | 2.11× | ||
| Q2 25 | 2.83× | -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
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
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% |
