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加拿大国家铁路（CP）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是加拿大国家铁路的2.1倍（$6.0B vs $2.8B）。加拿大国家铁路净利率更高（27.7% vs 10.8%，领先16.8%）。加拿大国家铁路同比增速更快（1.3% vs 1.3%）。3M自由现金流更多（$2.0B vs $537.3M）。过去两年加拿大国家铁路的营收复合增速更高（5.6% vs -1.8%）
加拿大国家铁路是加拿大一级货运铁路企业，总部位于魁北克省蒙特利尔市，业务覆盖加拿大全境及美国中西部、南部区域，是加拿大两大主力货运铁路运营商之一，与加拿大太平洋堪萨斯城铁路公司齐名。
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。
CP vs MMM — 直观对比
营收规模更大
MMM
是对方的2.1倍
$2.8B
营收增速更快
CP
高出0.0%
1.3%
净利率更高
CP
高出16.8%
10.8%
自由现金流更多
MMM
多$1.5B
$537.3M
两年增速更快
CP
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $6.0B |
| 净利润 | $786.2M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 41.4% | 23.2% |
| 净利率 | 27.7% | 10.8% |
| 营收同比 | 1.3% | 1.3% |
| 净利润同比 | -10.3% | -41.5% |
| 每股收益（稀释后） | — | $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CPMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $2.8B | $6.1B | ||
| Q3 25 | $2.7B | $6.5B | ||
| Q2 25 | $2.7B | $6.3B | ||
| Q1 25 | $2.8B | $6.0B | ||
| Q4 24 | $2.8B | $6.0B | ||
| Q3 24 | $2.6B | $6.3B | ||
| Q2 24 | $2.6B | $6.3B |
净利润CPMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $786.2M | $577.0M | ||
| Q3 25 | $671.6M | $834.0M | ||
| Q2 25 | $900.8M | $723.0M | ||
| Q1 25 | $664.3M | $1.1B | ||
| Q4 24 | $876.7M | $728.0M | ||
| Q3 24 | $611.0M | $1.4B | ||
| Q2 24 | $660.6M | $1.1B |
毛利率CPMMM
| 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CPMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 41.4% | 13.0% | ||
| Q3 25 | 36.8% | 22.2% | ||
| Q2 25 | 36.6% | 18.0% | ||
| Q1 25 | 35.0% | 20.9% | ||
| Q4 24 | 40.6% | 12.2% | ||
| Q3 24 | 34.3% | 20.9% | ||
| Q2 24 | 35.4% | 20.3% |
净利率CPMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 27.7% | 9.4% | ||
| Q3 25 | 25.3% | 12.8% | ||
| Q2 25 | 33.6% | 11.4% | ||
| Q1 25 | 24.2% | 18.7% | ||
| Q4 24 | 31.2% | 12.1% | ||
| Q3 24 | 23.9% | 21.8% | ||
| Q2 24 | 25.3% | 18.3% |
每股收益（稀释后）CPMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | — | $1.07 | ||
| Q3 25 | — | $1.55 | ||
| Q2 25 | — | $1.34 | ||
| Q1 25 | — | $2.04 | ||
| Q4 24 | — | $1.33 | ||
| Q3 24 | — | $2.48 | ||
| Q2 24 | — | $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 | $134.3M | $3.7B |
| 总债务越低越好 | $14.6B | $10.9B |
| 股东权益账面价值 | $33.5B | $3.3B |
| 总资产 | $62.7B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.43× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资CPMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $134.3M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $583.3M | — | ||
| Q1 25 | $507.4M | — | ||
| Q4 24 | $539.5M | — | ||
| Q3 24 | $338.0M | — | ||
| Q2 24 | $406.6M | — |
总债务CPMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $14.6B | $12.6B | ||
| Q3 25 | $15.8B | $12.6B | ||
| Q2 25 | $15.5B | $13.1B | ||
| Q1 25 | $15.4B | $13.5B | ||
| Q4 24 | $14.5B | $13.0B | ||
| Q3 24 | $13.7B | $13.2B | ||
| Q2 24 | $13.8B | $13.1B |
股东权益CPMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $33.5B | $4.7B | ||
| Q3 25 | $33.4B | $4.6B | ||
| Q2 25 | $33.7B | $4.3B | ||
| Q1 25 | $35.2B | $4.5B | ||
| Q4 24 | $35.0B | $3.8B | ||
| Q3 24 | $32.2B | $4.6B | ||
| Q2 24 | $32.0B | $3.9B |
总资产CPMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $62.7B | $37.7B | ||
| Q3 25 | $63.3B | $37.6B | ||
| Q2 25 | $62.2B | $38.0B | ||
| Q1 25 | $64.3B | $40.0B | ||
| Q4 24 | $64.1B | $39.9B | ||
| Q3 24 | $60.0B | $40.9B | ||
| Q2 24 | $60.4B | $43.4B |
负债/权益比CPMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.43× | 2.68× | ||
| Q3 25 | 0.47× | 2.72× | ||
| Q2 25 | 0.46× | 3.06× | ||
| Q1 25 | 0.44× | 3.02× | ||
| Q4 24 | 0.41× | 3.40× | ||
| Q3 24 | 0.42× | 2.84× | ||
| Q2 24 | 0.43× | 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 | $1.1B | — |
| 自由现金流经营现金流 - 资本支出 | $537.3M | $2.0B |
| 自由现金流率自由现金流/营收 | 18.9% | 33.6% |
| 资本支出强度资本支出/营收 | 20.2% | — |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $1.6B | $3.7B |
8季度趋势，按日历期对齐
经营现金流CPMMM
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $930.0M | $1.8B | ||
| Q2 25 | $989.1M | $-954.0M | ||
| Q1 25 | $843.9M | $-79.0M | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $928.6M | $-1.8B | ||
| Q2 24 | $932.9M | $1.0B |
自由现金流CPMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $537.3M | $1.3B | ||
| Q3 25 | $302.2M | $1.5B | ||
| Q2 25 | $446.8M | $-1.2B | ||
| Q1 25 | $324.9M | $-315.0M | ||
| Q4 24 | $702.3M | $1.5B | ||
| Q3 24 | $382.5M | $-2.0B | ||
| Q2 24 | $343.1M | $752.0M |
自由现金流率CPMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 18.9% | 21.8% | ||
| Q3 25 | 11.4% | 23.6% | ||
| Q2 25 | 16.7% | -18.3% | ||
| Q1 25 | 11.8% | -5.3% | ||
| Q4 24 | 25.0% | 25.4% | ||
| Q3 24 | 15.0% | -32.3% | ||
| Q2 24 | 13.1% | 12.0% |
资本支出强度CPMMM
| Q1 26 | — | — | ||
| Q4 25 | 20.2% | 4.0% | ||
| Q3 25 | 23.7% | 3.3% | ||
| Q2 25 | 20.2% | 3.3% | ||
| Q1 25 | 18.9% | 4.0% | ||
| Q4 24 | 19.3% | 4.8% | ||
| Q3 24 | 21.4% | 3.9% | ||
| Q2 24 | 22.6% | 4.3% |
现金转化率CPMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 2.74× | ||
| Q3 25 | 1.38× | 2.11× | ||
| Q2 25 | 1.10× | -1.32× | ||
| Q1 25 | 1.27× | -0.07× | ||
| Q4 24 | 1.42× | 2.50× | ||
| Q3 24 | 1.52× | -1.30× | ||
| Q2 24 | 1.41× | 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
CP
暂无分部数据
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% |
