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DYCOM INDUSTRIES INC（DY）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DYCOM INDUSTRIES INC的4.2倍（$6.0B vs $1.5B）。3M净利率更高（10.8% vs 7.3%，领先3.5%）。DYCOM INDUSTRIES INC同比增速更快（14.1% vs 1.3%）。3M自由现金流更多（$2.0B vs $164.8M）。过去两年DYCOM INDUSTRIES INC的营收复合增速更高（23.5% vs -1.8%）
本公司是美国基础设施服务供应商，服务覆盖电力、管道、工业、通信四大领域，具备各类网络基础设施的规划、设计、安装、项目管理、运维及抢修能力。成立以来坚持内生增长，同时已收购150多家电力承包行业企业，为众多大型电力领域客户提供专业服务。
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。
DY vs MMM — 直观对比
营收规模更大
MMM
是对方的4.2倍
$1.5B
营收增速更快
DY
高出12.8%
1.3%
净利率更高
MMM
高出3.5%
7.3%
自由现金流更多
MMM
多$1.9B
$164.8M
两年增速更快
DY
近两年复合增速
-1.8%
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $6.0B |
| 净利润 | $106.4M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 9.7% | 23.2% |
| 净利率 | 7.3% | 10.8% |
| 营收同比 | 14.1% | 1.3% |
| 净利润同比 | 52.4% | -41.5% |
| 每股收益（稀释后） | $3.63 | $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DYMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $1.5B | $6.1B | ||
| Q3 25 | $1.4B | $6.5B | ||
| Q2 25 | $1.3B | $6.3B | ||
| Q1 25 | $1.1B | $6.0B | ||
| Q4 24 | $1.3B | $6.0B | ||
| Q3 24 | $1.2B | $6.3B | ||
| Q2 24 | $1.1B | $6.3B |
净利润DYMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $106.4M | $577.0M | ||
| Q3 25 | $97.5M | $834.0M | ||
| Q2 25 | $61.0M | $723.0M | ||
| Q1 25 | $32.7M | $1.1B | ||
| Q4 24 | $69.8M | $728.0M | ||
| Q3 24 | $68.4M | $1.4B | ||
| Q2 24 | $62.6M | $1.1B |
毛利率DYMMM
| 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DYMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 9.7% | 13.0% | ||
| Q3 25 | 9.5% | 22.2% | ||
| Q2 25 | 6.2% | 18.0% | ||
| Q1 25 | 4.1% | 20.9% | ||
| Q4 24 | 7.2% | 12.2% | ||
| Q3 24 | 7.9% | 20.9% | ||
| Q2 24 | 6.8% | 20.3% |
净利率DYMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 7.3% | 9.4% | ||
| Q3 25 | 7.1% | 12.8% | ||
| Q2 25 | 4.9% | 11.4% | ||
| Q1 25 | 3.0% | 18.7% | ||
| Q4 24 | 5.5% | 12.1% | ||
| Q3 24 | 5.7% | 21.8% | ||
| Q2 24 | 5.5% | 18.3% |
每股收益（稀释后）DYMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $3.63 | $1.07 | ||
| Q3 25 | $3.33 | $1.55 | ||
| Q2 25 | $2.09 | $1.34 | ||
| Q1 25 | $1.11 | $2.04 | ||
| Q4 24 | $2.37 | $1.33 | ||
| Q3 24 | $2.32 | $2.48 | ||
| Q2 24 | $2.12 | $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 | $110.1M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $1.5B | $3.3B |
| 总资产 | $3.3B | $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DYMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $110.1M | — | ||
| Q3 25 | $28.5M | — | ||
| Q2 25 | $16.1M | — | ||
| Q1 25 | $92.7M | — | ||
| Q4 24 | $15.3M | — | ||
| Q3 24 | $19.6M | — | ||
| Q2 24 | $26.1M | — |
总债务DYMMM
| 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DYMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $1.5B | $4.7B | ||
| Q3 25 | $1.4B | $4.6B | ||
| Q2 25 | $1.3B | $4.3B | ||
| Q1 25 | $1.2B | $4.5B | ||
| Q4 24 | $1.2B | $3.8B | ||
| Q3 24 | $1.2B | $4.6B | ||
| Q2 24 | $1.1B | $3.9B |
总资产DYMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $3.3B | $37.7B | ||
| Q3 25 | $3.2B | $37.6B | ||
| Q2 25 | $3.1B | $38.0B | ||
| Q1 25 | $2.9B | $40.0B | ||
| Q4 24 | $3.1B | $39.9B | ||
| Q3 24 | $2.8B | $40.9B | ||
| Q2 24 | $2.6B | $43.4B |
负债/权益比DYMMM
| 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 | $220.0M | — |
| 自由现金流经营现金流 - 资本支出 | $164.8M | $2.0B |
| 自由现金流率自由现金流/营收 | 11.4% | 33.6% |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 2.07× | — |
| 过去12个月自由现金流最近4个季度 | $296.8M | $3.7B |
8季度趋势，按日历期对齐
经营现金流DYMMM
| Q1 26 | — | — | ||
| Q4 25 | $220.0M | $1.6B | ||
| Q3 25 | $57.4M | $1.8B | ||
| Q2 25 | $-54.0M | $-954.0M | ||
| Q1 25 | $328.2M | $-79.0M | ||
| Q4 24 | $65.8M | $1.8B | ||
| Q3 24 | $-7.5M | $-1.8B | ||
| Q2 24 | $-37.4M | $1.0B |
自由现金流DYMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $164.8M | $1.3B | ||
| Q3 25 | $5.8M | $1.5B | ||
| Q2 25 | $-133.5M | $-1.2B | ||
| Q1 25 | $259.7M | $-315.0M | ||
| Q4 24 | $-8.8M | $1.5B | ||
| Q3 24 | $-72.9M | $-2.0B | ||
| Q2 24 | $-79.4M | $752.0M |
自由现金流率DYMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 11.4% | 21.8% | ||
| Q3 25 | 0.4% | 23.6% | ||
| Q2 25 | -10.6% | -18.3% | ||
| Q1 25 | 23.9% | -5.3% | ||
| Q4 24 | -0.7% | 25.4% | ||
| Q3 24 | -6.1% | -32.3% | ||
| Q2 24 | -6.9% | 12.0% |
资本支出强度DYMMM
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 4.0% | ||
| Q3 25 | 3.8% | 3.3% | ||
| Q2 25 | 6.3% | 3.3% | ||
| Q1 25 | 6.3% | 4.0% | ||
| Q4 24 | 5.9% | 4.8% | ||
| Q3 24 | 5.4% | 3.9% | ||
| Q2 24 | 3.7% | 4.3% |
现金转化率DYMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 2.74× | ||
| Q3 25 | 0.59× | 2.11× | ||
| Q2 25 | -0.88× | -1.32× | ||
| Q1 25 | 10.05× | -0.07× | ||
| Q4 24 | 0.94× | 2.50× | ||
| Q3 24 | -0.11× | -1.30× | ||
| Q2 24 | -0.60× | 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
DY
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% |
