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Donnelley Financial Solutions, Inc.（DFIN）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Donnelley Financial Solutions, Inc.的35.0倍（$6.0B vs $172.5M）。3M净利率更高（10.8% vs 3.6%，领先7.2%）。Donnelley Financial Solutions, Inc.同比增速更快（10.4% vs 1.3%）。3M自由现金流更多（$2.0B vs $47.9M）。过去两年3M的营收复合增速更高（-1.8% vs -7.9%）
唐nelley金融解决方案（DFIN）是一家总部位于美国伊利诺伊州芝加哥市的金融合规企业，面向资本市场与投资市场的各类企业，提供符合美国监管要求的软件即服务产品、软件赋能服务、印刷业务及合规相关服务，助力客户满足合规要求。
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。
DFIN vs MMM — 直观对比
营收规模更大
MMM
是对方的35.0倍
$172.5M
营收增速更快
DFIN
高出9.1%
1.3%
净利率更高
MMM
高出7.2%
3.6%
自由现金流更多
MMM
多$2.0B
$47.9M
两年增速更快
MMM
近两年复合增速
-7.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $172.5M | $6.0B |
| 净利润 | $6.2M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 8.3% | 23.2% |
| 净利率 | 3.6% | 10.8% |
| 营收同比 | 10.4% | 1.3% |
| 净利润同比 | -1.6% | -41.5% |
| 每股收益（稀释后） | $0.31 | $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DFINMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $172.5M | $6.1B | ||
| Q3 25 | $175.3M | $6.5B | ||
| Q2 25 | $218.1M | $6.3B | ||
| Q1 25 | $201.1M | $6.0B | ||
| Q4 24 | $156.3M | $6.0B | ||
| Q3 24 | $179.5M | $6.3B | ||
| Q2 24 | $242.7M | $6.3B |
净利润DFINMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $6.2M | $577.0M | ||
| Q3 25 | $-40.9M | $834.0M | ||
| Q2 25 | $36.1M | $723.0M | ||
| Q1 25 | $31.0M | $1.1B | ||
| Q4 24 | $6.3M | $728.0M | ||
| Q3 24 | $8.7M | $1.4B | ||
| Q2 24 | $44.1M | $1.1B |
毛利率DFINMMM
| 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DFINMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 8.3% | 13.0% | ||
| Q3 25 | 16.1% | 22.2% | ||
| Q2 25 | 24.2% | 18.0% | ||
| Q1 25 | 22.8% | 20.9% | ||
| Q4 24 | 6.0% | 12.2% | ||
| Q3 24 | 10.1% | 20.9% | ||
| Q2 24 | 26.6% | 20.3% |
净利率DFINMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 3.6% | 9.4% | ||
| Q3 25 | -23.3% | 12.8% | ||
| Q2 25 | 16.6% | 11.4% | ||
| Q1 25 | 15.4% | 18.7% | ||
| Q4 24 | 4.0% | 12.1% | ||
| Q3 24 | 4.8% | 21.8% | ||
| Q2 24 | 18.2% | 18.3% |
每股收益（稀释后）DFINMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.31 | $1.07 | ||
| Q3 25 | $-1.49 | $1.55 | ||
| Q2 25 | $1.28 | $1.34 | ||
| Q1 25 | $1.05 | $2.04 | ||
| Q4 24 | $0.21 | $1.33 | ||
| Q3 24 | $0.29 | $2.48 | ||
| Q2 24 | $1.47 | $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 | $24.5M | $3.7B |
| 总债务越低越好 | $171.3M | $10.9B |
| 股东权益账面价值 | $379.2M | $3.3B |
| 总资产 | $800.4M | $35.4B |
| 负债/权益比越低杠杆越低 | 0.45× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资DFINMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $24.5M | — | ||
| Q3 25 | $22.7M | — | ||
| Q2 25 | $33.8M | — | ||
| Q1 25 | $16.2M | — | ||
| Q4 24 | $57.3M | — | ||
| Q3 24 | $33.6M | — | ||
| Q2 24 | $35.0M | — |
总债务DFINMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $171.3M | $12.6B | ||
| Q3 25 | $154.7M | $12.6B | ||
| Q2 25 | $190.1M | $13.1B | ||
| Q1 25 | $189.5M | $13.5B | ||
| Q4 24 | $124.7M | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益DFINMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $379.2M | $4.7B | ||
| Q3 25 | $423.1M | $4.6B | ||
| Q2 25 | $432.1M | $4.3B | ||
| Q1 25 | $419.9M | $4.5B | ||
| Q4 24 | $436.1M | $3.8B | ||
| Q3 24 | $444.5M | $4.6B | ||
| Q2 24 | $441.5M | $3.9B |
总资产DFINMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $800.4M | $37.7B | ||
| Q3 25 | $816.3M | $37.6B | ||
| Q2 25 | $874.7M | $38.0B | ||
| Q1 25 | $852.8M | $40.0B | ||
| Q4 24 | $841.6M | $39.9B | ||
| Q3 24 | $843.6M | $40.9B | ||
| Q2 24 | $882.9M | $43.4B |
负债/权益比DFINMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.45× | 2.68× | ||
| Q3 25 | 0.37× | 2.72× | ||
| Q2 25 | 0.44× | 3.06× | ||
| Q1 25 | 0.45× | 3.02× | ||
| Q4 24 | 0.29× | 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 | $59.8M | — |
| 自由现金流经营现金流 - 资本支出 | $47.9M | $2.0B |
| 自由现金流率自由现金流/营收 | 27.8% | 33.6% |
| 资本支出强度资本支出/营收 | 6.9% | — |
| 现金转化率经营现金流/净利润 | 9.65× | — |
| 过去12个月自由现金流最近4个季度 | $107.8M | $3.7B |
8季度趋势，按日历期对齐
经营现金流DFINMMM
| Q1 26 | — | — | ||
| Q4 25 | $59.8M | $1.6B | ||
| Q3 25 | $74.4M | $1.8B | ||
| Q2 25 | $68.4M | $-954.0M | ||
| Q1 25 | $-37.7M | $-79.0M | ||
| Q4 24 | $56.4M | $1.8B | ||
| Q3 24 | $86.4M | $-1.8B | ||
| Q2 24 | $56.2M | $1.0B |
自由现金流DFINMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $47.9M | $1.3B | ||
| Q3 25 | $59.2M | $1.5B | ||
| Q2 25 | $51.7M | $-1.2B | ||
| Q1 25 | $-51.0M | $-315.0M | ||
| Q4 24 | $41.3M | $1.5B | ||
| Q3 24 | $67.3M | $-2.0B | ||
| Q2 24 | $36.8M | $752.0M |
自由现金流率DFINMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 27.8% | 21.8% | ||
| Q3 25 | 33.8% | 23.6% | ||
| Q2 25 | 23.7% | -18.3% | ||
| Q1 25 | -25.4% | -5.3% | ||
| Q4 24 | 26.4% | 25.4% | ||
| Q3 24 | 37.5% | -32.3% | ||
| Q2 24 | 15.2% | 12.0% |
资本支出强度DFINMMM
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 4.0% | ||
| Q3 25 | 8.7% | 3.3% | ||
| Q2 25 | 7.7% | 3.3% | ||
| Q1 25 | 6.6% | 4.0% | ||
| Q4 24 | 9.7% | 4.8% | ||
| Q3 24 | 10.6% | 3.9% | ||
| Q2 24 | 8.0% | 4.3% |
现金转化率DFINMMM
| Q1 26 | — | — | ||
| Q4 25 | 9.65× | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | 1.89× | -1.32× | ||
| Q1 25 | -1.22× | -0.07× | ||
| Q4 24 | 8.95× | 2.50× | ||
| Q3 24 | 9.93× | -1.30× | ||
| Q2 24 | 1.27× | 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
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
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% |
