vs
BWX Technologies, Inc.（BWXT）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BWX Technologies, Inc.的6.8倍（$6.0B vs $885.8M）。3M净利率更高（10.8% vs 10.5%，领先0.3%）。BWX Technologies, Inc.同比增速更快（18.7% vs 1.3%）。3M自由现金流更多（$2.0B vs $56.8M）。过去两年BWX Technologies, Inc.的营收复合增速更高（21.1% vs -1.8%）
BWX Technologies Inc.（简称BWXT）总部位于美国弗吉尼亚州林奇堡，是一家面向全球供应核部件与核燃料的专业企业，产品广泛应用于核电及核工业相关领域，服务覆盖全球多个国家和地区的客户。
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。
BWXT vs MMM — 直观对比
营收规模更大
MMM
是对方的6.8倍
$885.8M
营收增速更快
BWXT
高出17.4%
1.3%
净利率更高
MMM
高出0.3%
10.5%
自由现金流更多
MMM
多$2.0B
$56.8M
两年增速更快
BWXT
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $885.8M | $6.0B |
| 净利润 | $93.0M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 10.4% | 23.2% |
| 净利率 | 10.5% | 10.8% |
| 营收同比 | 18.7% | 1.3% |
| 净利润同比 | 30.9% | -41.5% |
| 每股收益（稀释后） | $1.02 | $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BWXTMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $885.8M | $6.1B | ||
| Q3 25 | $866.3M | $6.5B | ||
| Q2 25 | $764.0M | $6.3B | ||
| Q1 25 | $682.3M | $6.0B | ||
| Q4 24 | $746.3M | $6.0B | ||
| Q3 24 | $672.0M | $6.3B | ||
| Q2 24 | $681.5M | $6.3B |
净利润BWXTMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $93.0M | $577.0M | ||
| Q3 25 | $82.1M | $834.0M | ||
| Q2 25 | $78.4M | $723.0M | ||
| Q1 25 | $75.5M | $1.1B | ||
| Q4 24 | $71.0M | $728.0M | ||
| Q3 24 | $69.5M | $1.4B | ||
| Q2 24 | $73.0M | $1.1B |
毛利率BWXTMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | 21.8% | 41.8% | ||
| Q2 25 | 25.1% | 42.5% | ||
| Q1 25 | 24.2% | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | 24.4% | 42.1% | ||
| Q2 24 | 24.7% | 42.9% |
营业利润率BWXTMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 10.4% | 13.0% | ||
| Q3 25 | 13.1% | 22.2% | ||
| Q2 25 | 13.4% | 18.0% | ||
| Q1 25 | 14.2% | 20.9% | ||
| Q4 24 | 12.4% | 12.2% | ||
| Q3 24 | 14.4% | 20.9% | ||
| Q2 24 | 14.5% | 20.3% |
净利率BWXTMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 10.5% | 9.4% | ||
| Q3 25 | 9.5% | 12.8% | ||
| Q2 25 | 10.3% | 11.4% | ||
| Q1 25 | 11.1% | 18.7% | ||
| Q4 24 | 9.5% | 12.1% | ||
| Q3 24 | 10.3% | 21.8% | ||
| Q2 24 | 10.7% | 18.3% |
每股收益（稀释后）BWXTMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.02 | $1.07 | ||
| Q3 25 | $0.89 | $1.55 | ||
| Q2 25 | $0.85 | $1.34 | ||
| Q1 25 | $0.82 | $2.04 | ||
| Q4 24 | $0.77 | $1.33 | ||
| Q3 24 | $0.76 | $2.48 | ||
| Q2 24 | $0.79 | $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 | $499.8M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $1.2B | $3.3B |
| 总资产 | $4.3B | $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BWXTMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $499.8M | — | ||
| Q3 25 | $79.6M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $55.4M | — | ||
| Q4 24 | $74.1M | — | ||
| Q3 24 | $35.5M | — | ||
| Q2 24 | $48.3M | — |
总债务BWXTMMM
| 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BWXTMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.2B | $4.7B | ||
| Q3 25 | $1.2B | $4.6B | ||
| Q2 25 | $1.2B | $4.3B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.1B | $3.8B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $998.5M | $3.9B |
总资产BWXTMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $4.3B | $37.7B | ||
| Q3 25 | $3.8B | $37.6B | ||
| Q2 25 | $3.7B | $38.0B | ||
| Q1 25 | $3.1B | $40.0B | ||
| Q4 24 | $2.9B | $39.9B | ||
| Q3 24 | $2.9B | $40.9B | ||
| Q2 24 | $2.8B | $43.4B |
负债/权益比BWXTMMM
| 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 | $127.0M | — |
| 自由现金流经营现金流 - 资本支出 | $56.8M | $2.0B |
| 自由现金流率自由现金流/营收 | 6.4% | 33.6% |
| 资本支出强度资本支出/营收 | 7.9% | — |
| 现金转化率经营现金流/净利润 | 1.37× | — |
| 过去12个月自由现金流最近4个季度 | $295.3M | $3.7B |
8季度趋势，按日历期对齐
经营现金流BWXTMMM
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $1.6B | ||
| Q3 25 | $143.2M | $1.8B | ||
| Q2 25 | $159.0M | $-954.0M | ||
| Q1 25 | $50.6M | $-79.0M | ||
| Q4 24 | $276.9M | $1.8B | ||
| Q3 24 | $32.6M | $-1.8B | ||
| Q2 24 | $65.9M | $1.0B |
自由现金流BWXTMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $56.8M | $1.3B | ||
| Q3 25 | $94.9M | $1.5B | ||
| Q2 25 | $126.3M | $-1.2B | ||
| Q1 25 | $17.3M | $-315.0M | ||
| Q4 24 | $224.4M | $1.5B | ||
| Q3 24 | $-7.7M | $-2.0B | ||
| Q2 24 | $35.5M | $752.0M |
自由现金流率BWXTMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 6.4% | 21.8% | ||
| Q3 25 | 11.0% | 23.6% | ||
| Q2 25 | 16.5% | -18.3% | ||
| Q1 25 | 2.5% | -5.3% | ||
| Q4 24 | 30.1% | 25.4% | ||
| Q3 24 | -1.1% | -32.3% | ||
| Q2 24 | 5.2% | 12.0% |
资本支出强度BWXTMMM
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 4.0% | ||
| Q3 25 | 5.6% | 3.3% | ||
| Q2 25 | 4.3% | 3.3% | ||
| Q1 25 | 4.9% | 4.0% | ||
| Q4 24 | 7.0% | 4.8% | ||
| Q3 24 | 6.0% | 3.9% | ||
| Q2 24 | 4.5% | 4.3% |
现金转化率BWXTMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | 2.74× | ||
| Q3 25 | 1.74× | 2.11× | ||
| Q2 25 | 2.03× | -1.32× | ||
| Q1 25 | 0.67× | -0.07× | ||
| Q4 24 | 3.90× | 2.50× | ||
| Q3 24 | 0.47× | -1.30× | ||
| Q2 24 | 0.90× | 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
BWXT
| Nuclear Component Program | $436.4M | 49% |
| Nuclear Manufacturing | $134.8M | 15% |
| Cost Plus Fee | $116.1M | 13% |
| Uranium And Nuclear Services | $103.8M | 12% |
| Commercial Operations | $49.0M | 6% |
| Commercial Operations Segment | $33.7M | 4% |
| Transferred At Point In Time | $1.3M | 0% |
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% |
