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BADGER METER INC（BMI）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BADGER METER INC的25.8倍（$6.0B vs $234.1M）。BADGER METER INC净利率更高（14.3% vs 10.8%，领先3.5%）。BADGER METER INC同比增速更快（14.1% vs 1.3%）。3M自由现金流更多（$2.0B vs $50.8M）。过去两年BADGER METER INC的营收复合增速更高（9.2% vs -1.8%）
Badger Meter Inc是全球领先的流量测量与控制解决方案供应商，主要服务水务企业、工业、商业及住宅客户群体，核心产品包括智能水表、物联网使用监测系统及配套软件，可帮助客户追踪资源消耗、减少浪费、提升运营效率，核心市场覆盖北美、欧洲及亚太地区。
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。
BMI vs MMM — 直观对比
营收规模更大
MMM
是对方的25.8倍
$234.1M
营收增速更快
BMI
高出12.8%
1.3%
净利率更高
BMI
高出3.5%
10.8%
自由现金流更多
MMM
多$2.0B
$50.8M
两年增速更快
BMI
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $234.1M | $6.0B |
| 净利润 | $33.6M | $653.0M |
| 毛利率 | 39.7% | 40.7% |
| 营业利润率 | 18.4% | 23.2% |
| 净利率 | 14.3% | 10.8% |
| 营收同比 | 14.1% | 1.3% |
| 净利润同比 | 9.3% | -41.5% |
| 每股收益（稀释后） | $1.13 | $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BMIMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $234.1M | $6.1B | ||
| Q3 25 | $222.2M | $6.5B | ||
| Q2 25 | $238.1M | $6.3B | ||
| Q1 25 | $222.2M | $6.0B | ||
| Q4 24 | $205.2M | $6.0B | ||
| Q3 24 | $208.4M | $6.3B | ||
| Q2 24 | $216.7M | $6.3B |
净利润BMIMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $33.6M | $577.0M | ||
| Q3 25 | $35.1M | $834.0M | ||
| Q2 25 | $34.6M | $723.0M | ||
| Q1 25 | $38.4M | $1.1B | ||
| Q4 24 | $30.7M | $728.0M | ||
| Q3 24 | $32.0M | $1.4B | ||
| Q2 24 | $33.1M | $1.1B |
毛利率BMIMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 39.7% | 33.6% | ||
| Q3 25 | 43.1% | 41.8% | ||
| Q2 25 | 41.1% | 42.5% | ||
| Q1 25 | 42.9% | 41.6% | ||
| Q4 24 | 40.3% | 51.7% | ||
| Q3 24 | 40.2% | 42.1% | ||
| Q2 24 | 39.4% | 42.9% |
营业利润率BMIMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 18.4% | 13.0% | ||
| Q3 25 | 20.7% | 22.2% | ||
| Q2 25 | 18.8% | 18.0% | ||
| Q1 25 | 22.2% | 20.9% | ||
| Q4 24 | 19.1% | 12.2% | ||
| Q3 24 | 19.5% | 20.9% | ||
| Q2 24 | 19.2% | 20.3% |
净利率BMIMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 14.3% | 9.4% | ||
| Q3 25 | 15.8% | 12.8% | ||
| Q2 25 | 14.5% | 11.4% | ||
| Q1 25 | 17.3% | 18.7% | ||
| Q4 24 | 15.0% | 12.1% | ||
| Q3 24 | 15.4% | 21.8% | ||
| Q2 24 | 15.3% | 18.3% |
每股收益（稀释后）BMIMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.13 | $1.07 | ||
| Q3 25 | $1.19 | $1.55 | ||
| Q2 25 | $1.17 | $1.34 | ||
| Q1 25 | $1.30 | $2.04 | ||
| Q4 24 | $1.04 | $1.33 | ||
| Q3 24 | $1.08 | $2.48 | ||
| Q2 24 | $1.12 | $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 | — | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $713.3M | $3.3B |
| 总资产 | $973.6M | $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BMIMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务BMIMMM
| 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BMIMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $713.3M | $4.7B | ||
| Q3 25 | $702.5M | $4.6B | ||
| Q2 25 | $677.6M | $4.3B | ||
| Q1 25 | $641.7M | $4.5B | ||
| Q4 24 | $606.2M | $3.8B | ||
| Q3 24 | $591.2M | $4.6B | ||
| Q2 24 | $563.1M | $3.9B |
总资产BMIMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $973.6M | $37.7B | ||
| Q3 25 | $978.3M | $37.6B | ||
| Q2 25 | $936.4M | $38.0B | ||
| Q1 25 | $899.6M | $40.0B | ||
| Q4 24 | $816.4M | $39.9B | ||
| Q3 24 | $802.9M | $40.9B | ||
| Q2 24 | $781.3M | $43.4B |
负债/权益比BMIMMM
| 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 | $54.8M | — |
| 自由现金流经营现金流 - 资本支出 | $50.8M | $2.0B |
| 自由现金流率自由现金流/营收 | 21.7% | 33.6% |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 1.63× | — |
| 过去12个月自由现金流最近4个季度 | $169.7M | $3.7B |
8季度趋势，按日历期对齐
经营现金流BMIMMM
| Q1 26 | — | — | ||
| Q4 25 | $54.8M | $1.6B | ||
| Q3 25 | $51.3M | $1.8B | ||
| Q2 25 | $44.6M | $-954.0M | ||
| Q1 25 | $33.0M | $-79.0M | ||
| Q4 24 | $52.1M | $1.8B | ||
| Q3 24 | $45.1M | $-1.8B | ||
| Q2 24 | $36.4M | $1.0B |
自由现金流BMIMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $50.8M | $1.3B | ||
| Q3 25 | $48.2M | $1.5B | ||
| Q2 25 | $40.6M | $-1.2B | ||
| Q1 25 | $30.1M | $-315.0M | ||
| Q4 24 | $47.4M | $1.5B | ||
| Q3 24 | $42.0M | $-2.0B | ||
| Q2 24 | $34.1M | $752.0M |
自由现金流率BMIMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 21.7% | 21.8% | ||
| Q3 25 | 21.7% | 23.6% | ||
| Q2 25 | 17.1% | -18.3% | ||
| Q1 25 | 13.5% | -5.3% | ||
| Q4 24 | 23.1% | 25.4% | ||
| Q3 24 | 20.1% | -32.3% | ||
| Q2 24 | 15.7% | 12.0% |
资本支出强度BMIMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 4.0% | ||
| Q3 25 | 1.4% | 3.3% | ||
| Q2 25 | 1.7% | 3.3% | ||
| Q1 25 | 1.3% | 4.0% | ||
| Q4 24 | 2.3% | 4.8% | ||
| Q3 24 | 1.5% | 3.9% | ||
| Q2 24 | 1.1% | 4.3% |
现金转化率BMIMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.63× | 2.74× | ||
| Q3 25 | 1.46× | 2.11× | ||
| Q2 25 | 1.29× | -1.32× | ||
| Q1 25 | 0.86× | -0.07× | ||
| Q4 24 | 1.70× | 2.50× | ||
| Q3 24 | 1.41× | -1.30× | ||
| Q2 24 | 1.10× | 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
BMI
| Transferred At Point In Time | $198.6M | 85% |
| Transferred Over Time | $22.1M | 9% |
| Other | $13.4M | 6% |
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% |
