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AeroVironment Inc（AVAV）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AeroVironment Inc的12.8倍（$6.0B vs $472.5M）。3M净利率更高（10.8% vs -3.6%，领先14.4%）。AeroVironment Inc同比增速更快（181.9% vs 1.3%）。3M自由现金流更多（$2.0B vs $-55.9M）。过去两年AeroVironment Inc的营收复合增速更高（59.1% vs -1.8%）
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
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。
AVAV vs MMM — 直观对比
营收规模更大
MMM
是对方的12.8倍
$472.5M
营收增速更快
AVAV
高出180.6%
1.3%
净利率更高
MMM
高出14.4%
-3.6%
自由现金流更多
MMM
多$2.1B
$-55.9M
两年增速更快
AVAV
近两年复合增速
-1.8%
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $6.0B |
| 净利润 | $-17.1M | $653.0M |
| 毛利率 | 22.0% | 40.7% |
| 营业利润率 | -6.4% | 23.2% |
| 净利率 | -3.6% | 10.8% |
| 营收同比 | 181.9% | 1.3% |
| 净利润同比 | -875.1% | -41.5% |
| 每股收益（稀释后） | $-0.34 | $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AVAVMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $472.5M | $6.1B | ||
| Q3 25 | $454.7M | $6.5B | ||
| Q2 25 | $275.1M | $6.3B | ||
| Q1 25 | $167.6M | $6.0B | ||
| Q4 24 | $188.5M | $6.0B | ||
| Q3 24 | $189.5M | $6.3B | ||
| Q2 24 | $197.0M | $6.3B |
净利润AVAVMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $-17.1M | $577.0M | ||
| Q3 25 | $-67.4M | $834.0M | ||
| Q2 25 | $16.7M | $723.0M | ||
| Q1 25 | $-1.8M | $1.1B | ||
| Q4 24 | $7.5M | $728.0M | ||
| Q3 24 | $21.2M | $1.4B | ||
| Q2 24 | $6.0M | $1.1B |
毛利率AVAVMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 22.0% | 33.6% | ||
| Q3 25 | 20.9% | 41.8% | ||
| Q2 25 | 36.5% | 42.5% | ||
| Q1 25 | 37.7% | 41.6% | ||
| Q4 24 | 39.1% | 51.7% | ||
| Q3 24 | 43.0% | 42.1% | ||
| Q2 24 | 38.4% | 42.9% |
营业利润率AVAVMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -6.4% | 13.0% | ||
| Q3 25 | -15.2% | 22.2% | ||
| Q2 25 | 5.0% | 18.0% | ||
| Q1 25 | -1.8% | 20.9% | ||
| Q4 24 | 3.7% | 12.2% | ||
| Q3 24 | 12.2% | 20.9% | ||
| Q2 24 | 3.0% | 20.3% |
净利率AVAVMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | -3.6% | 9.4% | ||
| Q3 25 | -14.8% | 12.8% | ||
| Q2 25 | 6.1% | 11.4% | ||
| Q1 25 | -1.0% | 18.7% | ||
| Q4 24 | 4.0% | 12.1% | ||
| Q3 24 | 11.2% | 21.8% | ||
| Q2 24 | 3.1% | 18.3% |
每股收益（稀释后）AVAVMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-0.34 | $1.07 | ||
| Q3 25 | $-1.44 | $1.55 | ||
| Q2 25 | $0.59 | $1.34 | ||
| Q1 25 | $-0.06 | $2.04 | ||
| Q4 24 | $0.27 | $1.33 | ||
| Q3 24 | $0.75 | $2.48 | ||
| Q2 24 | $0.18 | $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 | $588.5M | $3.7B |
| 总债务越低越好 | $747.5M | $10.9B |
| 股东权益账面价值 | $4.4B | $3.3B |
| 总资产 | $5.6B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.17× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资AVAVMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $588.5M | — | ||
| Q3 25 | $685.8M | — | ||
| Q2 25 | $40.9M | — | ||
| Q1 25 | $47.0M | — | ||
| Q4 24 | $69.0M | — | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $73.3M | — |
总债务AVAVMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $747.5M | $12.6B | ||
| Q3 25 | $747.5M | $12.6B | ||
| Q2 25 | $30.0M | $13.1B | ||
| Q1 25 | $25.0M | $13.5B | ||
| Q4 24 | $15.0M | $13.0B | ||
| Q3 24 | $17.5M | $13.2B | ||
| Q2 24 | $28.0M | $13.1B |
股东权益AVAVMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $4.4B | $4.7B | ||
| Q3 25 | $4.4B | $4.6B | ||
| Q2 25 | $886.5M | $4.3B | ||
| Q1 25 | $861.1M | $4.5B | ||
| Q4 24 | $858.4M | $3.8B | ||
| Q3 24 | $845.5M | $4.6B | ||
| Q2 24 | $822.7M | $3.9B |
总资产AVAVMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $5.6B | $37.7B | ||
| Q3 25 | $5.6B | $37.6B | ||
| Q2 25 | $1.1B | $38.0B | ||
| Q1 25 | $1.0B | $40.0B | ||
| Q4 24 | $1.0B | $39.9B | ||
| Q3 24 | $999.2M | $40.9B | ||
| Q2 24 | $1.0B | $43.4B |
负债/权益比AVAVMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.17× | 2.68× | ||
| Q3 25 | 0.17× | 2.72× | ||
| Q2 25 | 0.03× | 3.06× | ||
| Q1 25 | 0.03× | 3.02× | ||
| Q4 24 | 0.02× | 3.40× | ||
| Q3 24 | 0.02× | 2.84× | ||
| Q2 24 | 0.03× | 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 | $-45.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | $2.0B |
| 自由现金流率自由现金流/营收 | -11.8% | 33.6% |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 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 | $-240.7M | $3.7B |
8季度趋势，按日历期对齐
经营现金流AVAVMMM
| Q1 26 | — | — | ||
| Q4 25 | $-45.1M | $1.6B | ||
| Q3 25 | $-123.7M | $1.8B | ||
| Q2 25 | $-264.0K | $-954.0M | ||
| Q1 25 | $-25.8M | $-79.0M | ||
| Q4 24 | $-3.6M | $1.8B | ||
| Q3 24 | $28.4M | $-1.8B | ||
| Q2 24 | $-11.7M | $1.0B |
自由现金流AVAVMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-55.9M | $1.3B | ||
| Q3 25 | $-146.5M | $1.5B | ||
| Q2 25 | $-8.8M | $-1.2B | ||
| Q1 25 | $-29.6M | $-315.0M | ||
| Q4 24 | $-8.7M | $1.5B | ||
| Q3 24 | $22.9M | $-2.0B | ||
| Q2 24 | $-20.8M | $752.0M |
自由现金流率AVAVMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -11.8% | 21.8% | ||
| Q3 25 | -32.2% | 23.6% | ||
| Q2 25 | -3.2% | -18.3% | ||
| Q1 25 | -17.7% | -5.3% | ||
| Q4 24 | -4.6% | 25.4% | ||
| Q3 24 | 12.1% | -32.3% | ||
| Q2 24 | -10.5% | 12.0% |
资本支出强度AVAVMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 4.0% | ||
| Q3 25 | 5.0% | 3.3% | ||
| Q2 25 | 3.1% | 3.3% | ||
| Q1 25 | 2.3% | 4.0% | ||
| Q4 24 | 2.7% | 4.8% | ||
| Q3 24 | 2.9% | 3.9% | ||
| Q2 24 | 4.6% | 4.3% |
现金转化率AVAVMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | -0.02× | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | -0.48× | 2.50× | ||
| Q3 24 | 1.34× | -1.30× | ||
| Q2 24 | -1.93× | 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
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
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% |
