vs
波尔公司（BALL）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是波尔公司的1.8倍（$6.0B vs $3.3B），3M净利率更高（10.8% vs 6.0%，领先4.9%），波尔公司同比增速更快（16.2% vs 1.3%），3M自由现金流更多（$2.0B vs $1.0B），过去两年波尔公司的营收复合增速更高（7.9% vs -1.8%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs MMM — 直观对比
营收规模更大
MMM
是对方的1.8倍
$3.3B
营收增速更快
BALL
高出14.9%
1.3%
净利率更高
MMM
高出4.9%
6.0%
自由现金流更多
MMM
多$985.0M
$1.0B
两年增速更快
BALL
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $6.0B |
| 净利润 | $200.0M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 7.2% | 23.2% |
| 净利率 | 6.0% | 10.8% |
| 营收同比 | 16.2% | 1.3% |
| 净利润同比 | 766.7% | -41.5% |
| 每股收益（稀释后） | $0.73 | $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BALLMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $3.3B | $6.1B | ||
| Q3 25 | $3.4B | $6.5B | ||
| Q2 25 | $3.3B | $6.3B | ||
| Q1 25 | $3.1B | $6.0B | ||
| Q4 24 | $2.9B | $6.0B | ||
| Q3 24 | $3.1B | $6.3B | ||
| Q2 24 | $3.0B | $6.3B |
净利润BALLMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $200.0M | $577.0M | ||
| Q3 25 | $321.0M | $834.0M | ||
| Q2 25 | $215.0M | $723.0M | ||
| Q1 25 | $179.0M | $1.1B | ||
| Q4 24 | $-30.0M | $728.0M | ||
| Q3 24 | $199.0M | $1.4B | ||
| Q2 24 | $159.0M | $1.1B |
毛利率BALLMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | 17.7% | 42.1% | ||
| Q2 24 | 16.5% | 42.9% |
营业利润率BALLMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 7.2% | 13.0% | ||
| Q3 25 | 11.6% | 22.2% | ||
| Q2 25 | 8.0% | 18.0% | ||
| Q1 25 | 7.4% | 20.9% | ||
| Q4 24 | 0.2% | 12.2% | ||
| Q3 24 | 7.4% | 20.9% | ||
| Q2 24 | 6.8% | 20.3% |
净利率BALLMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 6.0% | 9.4% | ||
| Q3 25 | 9.5% | 12.8% | ||
| Q2 25 | 6.4% | 11.4% | ||
| Q1 25 | 5.8% | 18.7% | ||
| Q4 24 | -1.0% | 12.1% | ||
| Q3 24 | 6.5% | 21.8% | ||
| Q2 24 | 5.4% | 18.3% |
每股收益（稀释后）BALLMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.73 | $1.07 | ||
| Q3 25 | $1.18 | $1.55 | ||
| Q2 25 | $0.76 | $1.34 | ||
| Q1 25 | $0.63 | $2.04 | ||
| Q4 24 | $0.23 | $1.33 | ||
| Q3 24 | $0.65 | $2.48 | ||
| Q2 24 | $0.51 | $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 | $1.2B | $3.7B |
| 总债务越低越好 | $7.0B | $10.9B |
| 股东权益账面价值 | $5.4B | $3.3B |
| 总资产 | $19.5B | $35.4B |
| 负债/权益比越低杠杆越低 | 1.29× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资BALLMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $568.0M | — | ||
| Q2 25 | $296.0M | — | ||
| Q1 25 | $449.0M | — | ||
| Q4 24 | $885.0M | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — |
总债务BALLMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $7.0B | $12.6B | ||
| Q3 25 | $6.9B | $12.6B | ||
| Q2 25 | $6.5B | $13.1B | ||
| Q1 25 | $6.1B | $13.5B | ||
| Q4 24 | $5.3B | $13.0B | ||
| Q3 24 | $5.4B | $13.2B | ||
| Q2 24 | $5.5B | $13.1B |
股东权益BALLMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $5.4B | $4.7B | ||
| Q3 25 | $5.4B | $4.6B | ||
| Q2 25 | $5.2B | $4.3B | ||
| Q1 25 | $5.5B | $4.5B | ||
| Q4 24 | $5.9B | $3.8B | ||
| Q3 24 | $6.7B | $4.6B | ||
| Q2 24 | $6.9B | $3.9B |
总资产BALLMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $19.5B | $37.7B | ||
| Q3 25 | $18.7B | $37.6B | ||
| Q2 25 | $18.6B | $38.0B | ||
| Q1 25 | $18.0B | $40.0B | ||
| Q4 24 | $17.6B | $39.9B | ||
| Q3 24 | $18.8B | $40.9B | ||
| Q2 24 | $19.0B | $43.4B |
负债/权益比BALLMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 1.29× | 2.68× | ||
| Q3 25 | 1.26× | 2.72× | ||
| Q2 25 | 1.24× | 3.06× | ||
| Q1 25 | 1.12× | 3.02× | ||
| Q4 24 | 0.91× | 3.40× | ||
| Q3 24 | 0.80× | 2.84× | ||
| Q2 24 | 0.80× | 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 | $1.2B | — |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $2.0B |
| 自由现金流率自由现金流/营收 | 31.1% | 33.6% |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 6.05× | — |
| 过去12个月自由现金流最近4个季度 | $788.0M | $3.7B |
8季度趋势，按日历期对齐
经营现金流BALLMMM
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $384.0M | $1.8B | ||
| Q2 25 | $332.0M | $-954.0M | ||
| Q1 25 | $-665.0M | $-79.0M | ||
| Q4 24 | $500.0M | $1.8B | ||
| Q3 24 | $610.0M | $-1.8B | ||
| Q2 24 | $252.0M | $1.0B |
自由现金流BALLMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $257.0M | $1.5B | ||
| Q2 25 | $236.0M | $-1.2B | ||
| Q1 25 | $-746.0M | $-315.0M | ||
| Q4 24 | $393.0M | $1.5B | ||
| Q3 24 | $493.0M | $-2.0B | ||
| Q2 24 | $146.0M | $752.0M |
自由现金流率BALLMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 31.1% | 21.8% | ||
| Q3 25 | 7.6% | 23.6% | ||
| Q2 25 | 7.1% | -18.3% | ||
| Q1 25 | -24.1% | -5.3% | ||
| Q4 24 | 13.6% | 25.4% | ||
| Q3 24 | 16.0% | -32.3% | ||
| Q2 24 | 4.9% | 12.0% |
资本支出强度BALLMMM
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 4.0% | ||
| Q3 25 | 3.8% | 3.3% | ||
| Q2 25 | 2.9% | 3.3% | ||
| Q1 25 | 2.6% | 4.0% | ||
| Q4 24 | 3.7% | 4.8% | ||
| Q3 24 | 3.8% | 3.9% | ||
| Q2 24 | 3.6% | 4.3% |
现金转化率BALLMMM
| Q1 26 | — | — | ||
| Q4 25 | 6.05× | 2.74× | ||
| Q3 25 | 1.20× | 2.11× | ||
| Q2 25 | 1.54× | -1.32× | ||
| Q1 25 | -3.72× | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | 3.07× | -1.30× | ||
| Q2 24 | 1.58× | 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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
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% |
