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CNH Industrial N.V.（CNH）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CNH Industrial N.V.的1.4倍（$6.0B vs $4.5B）。3M净利率更高（10.8% vs 1.9%，领先8.9%）。CNH Industrial N.V.同比增速更快（7.8% vs 1.3%）。过去两年CNH Industrial N.V.的营收复合增速更高（3.8% vs -1.8%）
CNH Industrial是意美跨国企业，全球总部位于英国巴西尔登，由跨国投资公司Exor控股，实际控制方为阿涅利家族。公司核心业务涵盖农业机械、工程设备的设计、生产及销售，覆盖全球所有主要市场，目前正重点拓展高增长市场的业务布局。
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。
CNH vs MMM — 直观对比
营收规模更大
MMM
是对方的1.4倍
$4.5B
营收增速更快
CNH
高出6.5%
1.3%
净利率更高
MMM
高出8.9%
1.9%
两年增速更快
CNH
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $6.0B |
| 净利润 | $86.0M | $653.0M |
| 毛利率 | 18.4% | 40.7% |
| 营业利润率 | 3.0% | 23.2% |
| 净利率 | 1.9% | 10.8% |
| 营收同比 | 7.8% | 1.3% |
| 净利润同比 | -18.9% | -41.5% |
| 每股收益（稀释后） | $0.08 | $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CNHMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $4.5B | $6.1B | ||
| Q3 25 | $3.7B | $6.5B | ||
| Q2 25 | $4.0B | $6.3B | ||
| Q1 25 | $3.2B | $6.0B | ||
| Q4 24 | $4.1B | $6.0B | ||
| Q3 24 | $4.0B | $6.3B | ||
| Q2 24 | $4.8B | $6.3B |
净利润CNHMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $86.0M | $577.0M | ||
| Q3 25 | $80.0M | $834.0M | ||
| Q2 25 | $213.0M | $723.0M | ||
| Q1 25 | $131.0M | $1.1B | ||
| Q4 24 | $106.0M | $728.0M | ||
| Q3 24 | $306.0M | $1.4B | ||
| Q2 24 | $433.0M | $1.1B |
毛利率CNHMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 18.4% | 33.6% | ||
| Q3 25 | 19.1% | 41.8% | ||
| Q2 25 | 20.6% | 42.5% | ||
| Q1 25 | 19.0% | 41.6% | ||
| Q4 24 | 19.5% | 51.7% | ||
| Q3 24 | 21.7% | 42.1% | ||
| Q2 24 | 22.9% | 42.9% |
营业利润率CNHMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 3.0% | 13.0% | ||
| Q3 25 | 1.4% | 22.2% | ||
| Q2 25 | 6.8% | 18.0% | ||
| Q1 25 | 5.1% | 20.9% | ||
| Q4 24 | 5.8% | 12.2% | ||
| Q3 24 | 9.6% | 20.9% | ||
| Q2 24 | 11.1% | 20.3% |
净利率CNHMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 1.9% | 9.4% | ||
| Q3 25 | 2.2% | 12.8% | ||
| Q2 25 | 5.3% | 11.4% | ||
| Q1 25 | 4.1% | 18.7% | ||
| Q4 24 | 2.6% | 12.1% | ||
| Q3 24 | 7.7% | 21.8% | ||
| Q2 24 | 9.0% | 18.3% |
每股收益（稀释后）CNHMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.08 | $1.07 | ||
| Q3 25 | $0.06 | $1.55 | ||
| Q2 25 | $0.17 | $1.34 | ||
| Q1 25 | $0.10 | $2.04 | ||
| Q4 24 | $0.10 | $1.33 | ||
| Q3 24 | $0.24 | $2.48 | ||
| Q2 24 | $0.34 | $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 | $2.6B | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $7.8B | $3.3B |
| 总资产 | $42.7B | $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CNHMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $2.0B | — |
总债务CNHMMM
| 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CNHMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $7.8B | $4.7B | ||
| Q3 25 | $7.8B | $4.6B | ||
| Q2 25 | $7.8B | $4.3B | ||
| Q1 25 | $7.9B | $4.5B | ||
| Q4 24 | $7.7B | $3.8B | ||
| Q3 24 | $7.7B | $4.6B | ||
| Q2 24 | $7.6B | $3.9B |
总资产CNHMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $42.7B | $37.7B | ||
| Q3 25 | $43.3B | $37.6B | ||
| Q2 25 | $43.7B | $38.0B | ||
| Q1 25 | $42.1B | $40.0B | ||
| Q4 24 | $42.9B | $39.9B | ||
| Q3 24 | $44.0B | $40.9B | ||
| Q2 24 | $44.0B | $43.4B |
负债/权益比CNHMMM
| 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 | $945.0M | — |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 33.6% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 10.99× | — |
| 过去12个月自由现金流最近4个季度 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流CNHMMM
| Q1 26 | — | — | ||
| Q4 25 | $945.0M | $1.6B | ||
| Q3 25 | $659.0M | $1.8B | ||
| Q2 25 | $772.0M | $-954.0M | ||
| Q1 25 | $162.0M | $-79.0M | ||
| Q4 24 | $1.7B | $1.8B | ||
| Q3 24 | $791.0M | $-1.8B | ||
| Q2 24 | $379.0M | $1.0B |
自由现金流CNHMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $-1.2B | ||
| Q1 25 | — | $-315.0M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $-2.0B | ||
| Q2 24 | — | $752.0M |
自由现金流率CNHMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | -32.3% | ||
| Q2 24 | — | 12.0% |
资本支出强度CNHMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 4.3% |
现金转化率CNHMMM
| Q1 26 | — | — | ||
| Q4 25 | 10.99× | 2.74× | ||
| Q3 25 | 8.24× | 2.11× | ||
| Q2 25 | 3.62× | -1.32× | ||
| Q1 25 | 1.24× | -0.07× | ||
| Q4 24 | 15.96× | 2.50× | ||
| Q3 24 | 2.58× | -1.30× | ||
| Q2 24 | 0.88× | 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
CNH
| Agricultural Equipment Segment | $3.6B | 81% |
| Construction Equipment Segment | $853.0M | 19% |
| Services | $18.0M | 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% |
