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BRUNSWICK CORP（BC）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BRUNSWICK CORP的4.5倍（$6.0B vs $1.3B）。3M净利率更高（10.8% vs 1.4%，领先9.4%）。BRUNSWICK CORP同比增速更快（15.5% vs 1.3%）。3M自由现金流更多（$2.0B vs $83.6M）。过去两年BRUNSWICK CORP的营收复合增速更高（-1.1% vs -1.8%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
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。
BC vs MMM — 直观对比
营收规模更大
MMM
是对方的4.5倍
$1.3B
营收增速更快
BC
高出14.2%
1.3%
净利率更高
MMM
高出9.4%
1.4%
自由现金流更多
MMM
多$1.9B
$83.6M
两年增速更快
BC
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $6.0B |
| 净利润 | $18.7M | $653.0M |
| 毛利率 | 23.1% | 40.7% |
| 营业利润率 | 3.1% | 23.2% |
| 净利率 | 1.4% | 10.8% |
| 营收同比 | 15.5% | 1.3% |
| 净利润同比 | 122.7% | -41.5% |
| 每股收益（稀释后） | $0.32 | $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BCMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $1.3B | $6.1B | ||
| Q3 25 | $1.4B | $6.5B | ||
| Q2 25 | $1.4B | $6.3B | ||
| Q1 25 | $1.2B | $6.0B | ||
| Q4 24 | $1.2B | $6.0B | ||
| Q3 24 | $1.3B | $6.3B | ||
| Q2 24 | $1.4B | $6.3B |
净利润BCMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $18.7M | $577.0M | ||
| Q3 25 | $-235.5M | $834.0M | ||
| Q2 25 | $59.3M | $723.0M | ||
| Q1 25 | $20.2M | $1.1B | ||
| Q4 24 | $-82.5M | $728.0M | ||
| Q3 24 | $44.6M | $1.4B | ||
| Q2 24 | $100.0M | $1.1B |
毛利率BCMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 23.1% | 33.6% | ||
| Q3 25 | 25.8% | 41.8% | ||
| Q2 25 | 25.5% | 42.5% | ||
| Q1 25 | 24.9% | 41.6% | ||
| Q4 24 | 21.9% | 51.7% | ||
| Q3 24 | 26.2% | 42.1% | ||
| Q2 24 | 27.1% | 42.9% |
营业利润率BCMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 3.1% | 13.0% | ||
| Q3 25 | -17.8% | 22.2% | ||
| Q2 25 | 7.1% | 18.0% | ||
| Q1 25 | 4.6% | 20.9% | ||
| Q4 24 | -4.8% | 12.2% | ||
| Q3 24 | 7.7% | 20.9% | ||
| Q2 24 | 11.0% | 20.3% |
净利率BCMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 1.4% | 9.4% | ||
| Q3 25 | -17.3% | 12.8% | ||
| Q2 25 | 4.1% | 11.4% | ||
| Q1 25 | 1.7% | 18.7% | ||
| Q4 24 | -7.1% | 12.1% | ||
| Q3 24 | 3.5% | 21.8% | ||
| Q2 24 | 6.9% | 18.3% |
每股收益（稀释后）BCMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.32 | $1.07 | ||
| Q3 25 | $-3.59 | $1.55 | ||
| Q2 25 | $0.89 | $1.34 | ||
| Q1 25 | $0.30 | $2.04 | ||
| Q4 24 | $-1.21 | $1.33 | ||
| Q3 24 | $0.67 | $2.48 | ||
| Q2 24 | $1.48 | $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 | $256.8M | $3.7B |
| 总债务越低越好 | $2.1B | $10.9B |
| 股东权益账面价值 | $1.6B | $3.3B |
| 总资产 | $5.3B | $35.4B |
| 负债/权益比越低杠杆越低 | 1.30× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资BCMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $256.8M | — | ||
| Q3 25 | $297.7M | — | ||
| Q2 25 | $315.7M | — | ||
| Q1 25 | $286.7M | — | ||
| Q4 24 | $269.0M | — | ||
| Q3 24 | $284.1M | — | ||
| Q2 24 | $494.5M | — |
总债务BCMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $2.1B | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | $2.4B | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益BCMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.6B | $4.7B | ||
| Q3 25 | $1.6B | $4.6B | ||
| Q2 25 | $1.9B | $4.3B | ||
| Q1 25 | $1.9B | $4.5B | ||
| Q4 24 | $1.9B | $3.8B | ||
| Q3 24 | $2.0B | $4.6B | ||
| Q2 24 | $2.0B | $3.9B |
总资产BCMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $5.3B | $37.7B | ||
| Q3 25 | $5.4B | $37.6B | ||
| Q2 25 | $5.8B | $38.0B | ||
| Q1 25 | $5.9B | $40.0B | ||
| Q4 24 | $5.7B | $39.9B | ||
| Q3 24 | $6.0B | $40.9B | ||
| Q2 24 | $6.4B | $43.4B |
负债/权益比BCMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 1.30× | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | 1.25× | 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 | $132.9M | — |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $2.0B |
| 自由现金流率自由现金流/营收 | 6.3% | 33.6% |
| 资本支出强度资本支出/营收 | 3.7% | — |
| 现金转化率经营现金流/净利润 | 7.11× | — |
| 过去12个月自由现金流最近4个季度 | $396.3M | $3.7B |
8季度趋势，按日历期对齐
经营现金流BCMMM
| Q1 26 | — | — | ||
| Q4 25 | $132.9M | $1.6B | ||
| Q3 25 | $140.4M | $1.8B | ||
| Q2 25 | $316.2M | $-954.0M | ||
| Q1 25 | $-27.4M | $-79.0M | ||
| Q4 24 | $306.4M | $1.8B | ||
| Q3 24 | $67.4M | $-1.8B | ||
| Q2 24 | $211.0M | $1.0B |
自由现金流BCMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $83.6M | $1.3B | ||
| Q3 25 | $106.5M | $1.5B | ||
| Q2 25 | $271.3M | $-1.2B | ||
| Q1 25 | $-65.1M | $-315.0M | ||
| Q4 24 | $276.1M | $1.5B | ||
| Q3 24 | $31.4M | $-2.0B | ||
| Q2 24 | $163.9M | $752.0M |
自由现金流率BCMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 6.3% | 21.8% | ||
| Q3 25 | 7.8% | 23.6% | ||
| Q2 25 | 18.7% | -18.3% | ||
| Q1 25 | -5.3% | -5.3% | ||
| Q4 24 | 23.9% | 25.4% | ||
| Q3 24 | 2.5% | -32.3% | ||
| Q2 24 | 11.4% | 12.0% |
资本支出强度BCMMM
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 4.0% | ||
| Q3 25 | 2.5% | 3.3% | ||
| Q2 25 | 3.1% | 3.3% | ||
| Q1 25 | 3.1% | 4.0% | ||
| Q4 24 | 2.6% | 4.8% | ||
| Q3 24 | 2.8% | 3.9% | ||
| Q2 24 | 3.3% | 4.3% |
现金转化率BCMMM
| Q1 26 | — | — | ||
| Q4 25 | 7.11× | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | 5.33× | -1.32× | ||
| Q1 25 | -1.36× | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | 1.51× | -1.30× | ||
| Q2 24 | 2.11× | 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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
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% |
