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丹麦皇冠（CCK）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是丹麦皇冠的1.9倍（$6.0B vs $3.1B）。3M净利率更高（10.8% vs 4.8%，领先6.0%）。丹麦皇冠同比增速更快（7.7% vs 1.3%）。3M自由现金流更多（$2.0B vs $255.0M）。过去两年丹麦皇冠的营收复合增速更高（6.0% vs -1.8%）
丹麦皇冠是来自丹麦的国际化食品企业，核心业务涵盖生猪、肉牛的屠宰加工及销售，旗下拥有多家子公司，业务覆盖食品行业多品类产品领域，首席执行官为尼尔斯·迪达尔，总部位于兰讷斯。
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。
CCK vs MMM — 直观对比
营收规模更大
MMM
是对方的1.9倍
$3.1B
营收增速更快
CCK
高出6.4%
1.3%
净利率更高
MMM
高出6.0%
4.8%
自由现金流更多
MMM
多$1.8B
$255.0M
两年增速更快
CCK
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $6.0B |
| 净利润 | $150.0M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 12.0% | 23.2% |
| 净利率 | 4.8% | 10.8% |
| 营收同比 | 7.7% | 1.3% |
| 净利润同比 | -58.1% | -41.5% |
| 每股收益（稀释后） | $1.32 | $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CCKMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $3.1B | $6.1B | ||
| Q3 25 | $3.2B | $6.5B | ||
| Q2 25 | $3.1B | $6.3B | ||
| Q1 25 | $2.9B | $6.0B | ||
| Q4 24 | $2.9B | $6.0B | ||
| Q3 24 | $3.1B | $6.3B | ||
| Q2 24 | $3.0B | $6.3B |
净利润CCKMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $150.0M | $577.0M | ||
| Q3 25 | $214.0M | $834.0M | ||
| Q2 25 | $181.0M | $723.0M | ||
| Q1 25 | $193.0M | $1.1B | ||
| Q4 24 | $358.0M | $728.0M | ||
| Q3 24 | $-175.0M | $1.4B | ||
| Q2 24 | $174.0M | $1.1B |
毛利率CCKMMM
| 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 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率CCKMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 12.0% | 13.0% | ||
| Q3 25 | 13.2% | 22.2% | ||
| Q2 25 | 12.4% | 18.0% | ||
| Q1 25 | 12.6% | 20.9% | ||
| Q4 24 | 12.1% | 12.2% | ||
| Q3 24 | 14.4% | 20.9% | ||
| Q2 24 | 12.5% | 20.3% |
净利率CCKMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 4.8% | 9.4% | ||
| Q3 25 | 6.7% | 12.8% | ||
| Q2 25 | 5.7% | 11.4% | ||
| Q1 25 | 6.7% | 18.7% | ||
| Q4 24 | 12.3% | 12.1% | ||
| Q3 24 | -5.7% | 21.8% | ||
| Q2 24 | 5.7% | 18.3% |
每股收益（稀释后）CCKMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.32 | $1.07 | ||
| Q3 25 | $1.85 | $1.55 | ||
| Q2 25 | $1.56 | $1.34 | ||
| Q1 25 | $1.65 | $2.04 | ||
| Q4 24 | $3.01 | $1.33 | ||
| Q3 24 | $-1.47 | $2.48 | ||
| Q2 24 | $1.45 | $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 | $764.0M | $3.7B |
| 总债务越低越好 | $5.9B | $10.9B |
| 股东权益账面价值 | $3.0B | $3.3B |
| 总资产 | $14.3B | $35.4B |
| 负债/权益比越低杠杆越低 | 1.96× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资CCKMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $764.0M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $936.0M | — | ||
| Q1 25 | $779.0M | — | ||
| Q4 24 | $918.0M | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.4B | — |
总债务CCKMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $5.9B | $12.6B | ||
| Q3 25 | $6.2B | $12.6B | ||
| Q2 25 | $6.3B | $13.1B | ||
| Q1 25 | $6.2B | $13.5B | ||
| Q4 24 | $6.1B | $13.0B | ||
| Q3 24 | $7.4B | $13.2B | ||
| Q2 24 | $7.3B | $13.1B |
股东权益CCKMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $3.0B | $4.7B | ||
| Q3 25 | $3.0B | $4.6B | ||
| Q2 25 | $2.9B | $4.3B | ||
| Q1 25 | $2.7B | $4.5B | ||
| Q4 24 | $2.8B | $3.8B | ||
| Q3 24 | $2.5B | $4.6B | ||
| Q2 24 | $2.5B | $3.9B |
总资产CCKMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $14.3B | $37.7B | ||
| Q3 25 | $14.6B | $37.6B | ||
| Q2 25 | $14.5B | $38.0B | ||
| Q1 25 | $13.8B | $40.0B | ||
| Q4 24 | $13.8B | $39.9B | ||
| Q3 24 | $15.1B | $40.9B | ||
| Q2 24 | $14.9B | $43.4B |
负债/权益比CCKMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 1.96× | 2.68× | ||
| Q3 25 | 2.07× | 2.72× | ||
| Q2 25 | 2.18× | 3.06× | ||
| Q1 25 | 2.31× | 3.02× | ||
| Q4 24 | 2.23× | 3.40× | ||
| Q3 24 | 2.93× | 2.84× | ||
| Q2 24 | 2.92× | 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 | $487.0M | — |
| 自由现金流经营现金流 - 资本支出 | $255.0M | $2.0B |
| 自由现金流率自由现金流/营收 | 8.2% | 33.6% |
| 资本支出强度资本支出/营收 | 7.4% | — |
| 现金转化率经营现金流/净利润 | 3.25× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $3.7B |
8季度趋势，按日历期对齐
经营现金流CCKMMM
| Q1 26 | — | — | ||
| Q4 25 | $487.0M | $1.6B | ||
| Q3 25 | $580.0M | $1.8B | ||
| Q2 25 | $449.0M | $-954.0M | ||
| Q1 25 | $14.0M | $-79.0M | ||
| Q4 24 | $295.0M | $1.8B | ||
| Q3 24 | $554.0M | $-1.8B | ||
| Q2 24 | $445.0M | $1.0B |
自由现金流CCKMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $255.0M | $1.3B | ||
| Q3 25 | $488.0M | $1.5B | ||
| Q2 25 | $393.0M | $-1.2B | ||
| Q1 25 | $-19.0M | $-315.0M | ||
| Q4 24 | $146.0M | $1.5B | ||
| Q3 24 | $478.0M | $-2.0B | ||
| Q2 24 | $361.0M | $752.0M |
自由现金流率CCKMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 8.2% | 21.8% | ||
| Q3 25 | 15.2% | 23.6% | ||
| Q2 25 | 12.5% | -18.3% | ||
| Q1 25 | -0.7% | -5.3% | ||
| Q4 24 | 5.0% | 25.4% | ||
| Q3 24 | 15.5% | -32.3% | ||
| Q2 24 | 11.9% | 12.0% |
资本支出强度CCKMMM
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 4.0% | ||
| Q3 25 | 2.9% | 3.3% | ||
| Q2 25 | 1.8% | 3.3% | ||
| Q1 25 | 1.1% | 4.0% | ||
| Q4 24 | 5.1% | 4.8% | ||
| Q3 24 | 2.5% | 3.9% | ||
| Q2 24 | 2.8% | 4.3% |
现金转化率CCKMMM
| Q1 26 | — | — | ||
| Q4 25 | 3.25× | 2.74× | ||
| Q3 25 | 2.71× | 2.11× | ||
| Q2 25 | 2.48× | -1.32× | ||
| Q1 25 | 0.07× | -0.07× | ||
| Q4 24 | 0.82× | 2.50× | ||
| Q3 24 | — | -1.30× | ||
| Q2 24 | 2.56× | 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
CCK
| Transferred Over Time | $1.8B | 57% |
| Transferred At Point In Time | $1.3B | 43% |
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% |
