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AZZ INC（AZZ）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AZZ INC的15.7倍（$6.0B vs $385.1M）。3M净利率更高（10.8% vs 4.1%，领先6.7%）。3M同比增速更快（1.3% vs -75.6%）。过去两年3M的营收复合增速更高（-1.8% vs -3.5%）
AZZ公司是全球领先的金属防护解决方案供应商，主营热浸镀锌、表面涂层处理服务及特种电气、工业零部件，主要服务于北美及其他核心国际市场的建筑、能源、基建、制造等下游领域。
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。
AZZ vs MMM — 直观对比
营收规模更大
MMM
是对方的15.7倍
$385.1M
营收增速更快
MMM
高出76.9%
-75.6%
净利率更高
MMM
高出6.7%
4.1%
两年增速更快
MMM
近两年复合增速
-3.5%
损益表 — Q4 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $385.1M | $6.0B |
| 净利润 | $15.9M | $653.0M |
| 毛利率 | 22.7% | 40.7% |
| 营业利润率 | 14.8% | 23.2% |
| 净利率 | 4.1% | 10.8% |
| 营收同比 | -75.6% | 1.3% |
| 净利润同比 | -21.2% | -41.5% |
| 每股收益（稀释后） | $0.53 | $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AZZMMM
| Q4 26 | $385.1M | — | ||
| Q1 26 | — | $6.0B | ||
| Q4 25 | $425.7M | $6.1B | ||
| Q3 25 | $417.3M | $6.5B | ||
| Q2 25 | $422.0M | $6.3B | ||
| Q1 25 | $351.9M | $6.0B | ||
| Q4 24 | $403.7M | $6.0B | ||
| Q3 24 | $409.0M | $6.3B |
净利润AZZMMM
| Q4 26 | $15.9M | — | ||
| Q1 26 | — | $653.0M | ||
| Q4 25 | $41.1M | $577.0M | ||
| Q3 25 | $89.3M | $834.0M | ||
| Q2 25 | $170.9M | $723.0M | ||
| Q1 25 | $20.2M | $1.1B | ||
| Q4 24 | $33.6M | $728.0M | ||
| Q3 24 | $35.4M | $1.4B |
毛利率AZZMMM
| Q4 26 | 22.7% | — | ||
| Q1 26 | — | 40.7% | ||
| Q4 25 | 23.9% | 33.6% | ||
| Q3 25 | 24.3% | 41.8% | ||
| Q2 25 | 24.7% | 42.5% | ||
| Q1 25 | 22.4% | 41.6% | ||
| Q4 24 | 24.2% | 51.7% | ||
| Q3 24 | 25.3% | 42.1% |
营业利润率AZZMMM
| Q4 26 | 14.8% | — | ||
| Q1 26 | — | 23.2% | ||
| Q4 25 | 16.3% | 13.0% | ||
| Q3 25 | 16.4% | 22.2% | ||
| Q2 25 | 16.5% | 18.0% | ||
| Q1 25 | 11.5% | 20.9% | ||
| Q4 24 | 14.5% | 12.2% | ||
| Q3 24 | 16.5% | 20.9% |
净利率AZZMMM
| Q4 26 | 4.1% | — | ||
| Q1 26 | — | 10.8% | ||
| Q4 25 | 9.6% | 9.4% | ||
| Q3 25 | 21.4% | 12.8% | ||
| Q2 25 | 40.5% | 11.4% | ||
| Q1 25 | 5.7% | 18.7% | ||
| Q4 24 | 8.3% | 12.1% | ||
| Q3 24 | 8.7% | 21.8% |
每股收益（稀释后）AZZMMM
| Q4 26 | $0.53 | — | ||
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.36 | $1.07 | ||
| Q3 25 | $2.95 | $1.55 | ||
| Q2 25 | $5.66 | $1.34 | ||
| Q1 25 | $0.87 | $2.04 | ||
| Q4 24 | $1.12 | $1.33 | ||
| Q3 24 | $1.18 | $2.48 |
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 | — | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $1.3B | $3.3B |
| 总资产 | $2.2B | $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AZZMMM
| Q4 26 | — | — | ||
| Q1 26 | — | $3.7B | ||
| Q4 25 | $623.0K | — | ||
| Q3 25 | $897.0K | — | ||
| Q2 25 | $3.0M | — | ||
| Q1 25 | $1.5M | — | ||
| Q4 24 | $1.5M | — | ||
| Q3 24 | $2.2M | — |
总债务AZZMMM
| Q4 26 | — | — | ||
| 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 |
股东权益AZZMMM
| Q4 26 | $1.3B | — | ||
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.3B | $4.7B | ||
| Q3 25 | $1.3B | $4.6B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.0B | $4.5B | ||
| Q4 24 | $1.0B | $3.8B | ||
| Q3 24 | $999.8M | $4.6B |
总资产AZZMMM
| Q4 26 | $2.2B | — | ||
| Q1 26 | — | $35.4B | ||
| Q4 25 | $2.2B | $37.7B | ||
| Q3 25 | $2.2B | $37.6B | ||
| Q2 25 | $2.2B | $38.0B | ||
| Q1 25 | $2.2B | $40.0B | ||
| Q4 24 | $2.2B | $39.9B | ||
| Q3 24 | $2.2B | $40.9B |
负债/权益比AZZMMM
| Q4 26 | — | — | ||
| 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× |
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 | $525.4M | — |
| 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 | 32.98× | — |
| 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AZZMMM
| Q4 26 | $525.4M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $79.7M | $1.6B | ||
| Q3 25 | $58.4M | $1.8B | ||
| Q2 25 | $314.8M | $-954.0M | ||
| Q1 25 | — | $-79.0M | ||
| Q4 24 | $66.2M | $1.8B | ||
| Q3 24 | $47.5M | $-1.8B |
自由现金流AZZMMM
| Q4 26 | — | — | ||
| Q1 26 | — | $2.0B | ||
| Q4 25 | $61.2M | $1.3B | ||
| Q3 25 | $39.1M | $1.5B | ||
| Q2 25 | $293.9M | $-1.2B | ||
| Q1 25 | — | $-315.0M | ||
| Q4 24 | $39.7M | $1.5B | ||
| Q3 24 | $15.4M | $-2.0B |
自由现金流率AZZMMM
| Q4 26 | — | — | ||
| Q1 26 | — | 33.6% | ||
| Q4 25 | 14.4% | 21.8% | ||
| Q3 25 | 9.4% | 23.6% | ||
| Q2 25 | 69.6% | -18.3% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | 9.8% | 25.4% | ||
| Q3 24 | 3.8% | -32.3% |
资本支出强度AZZMMM
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 4.0% | ||
| Q3 25 | 4.6% | 3.3% | ||
| Q2 25 | 5.0% | 3.3% | ||
| Q1 25 | 8.5% | 4.0% | ||
| Q4 24 | 6.6% | 4.8% | ||
| Q3 24 | 7.8% | 3.9% |
现金转化率AZZMMM
| Q4 26 | 32.98× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.94× | 2.74× | ||
| Q3 25 | 0.65× | 2.11× | ||
| Q2 25 | 1.84× | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | 1.97× | 2.50× | ||
| Q3 24 | 1.34× | -1.30× |
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
AZZ
| Precoat Metals | $203.5M | 53% |
| Metal Coatings | $186.5M | 48% |
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% |
