vs
COMFORT SYSTEMS USA INC（FIX）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COMFORT SYSTEMS USA INC的2.3倍（$6.0B vs $2.6B）。COMFORT SYSTEMS USA INC净利率更高（12.5% vs 10.8%，领先1.7%）。COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 1.3%）。3M自由现金流更多（$2.0B vs $402.4M）。过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs -1.8%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
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。
FIX vs MMM — 直观对比
营收规模更大
MMM
是对方的2.3倍
$2.6B
营收增速更快
FIX
高出40.4%
1.3%
净利率更高
FIX
高出1.7%
10.8%
自由现金流更多
MMM
多$1.6B
$402.4M
两年增速更快
FIX
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $6.0B |
| 净利润 | $330.8M | $653.0M |
| 毛利率 | 25.5% | 40.7% |
| 营业利润率 | 16.1% | 23.2% |
| 净利率 | 12.5% | 10.8% |
| 营收同比 | 41.7% | 1.3% |
| 净利润同比 | 126.8% | -41.5% |
| 每股收益（稀释后） | $9.35 | $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FIXMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $2.6B | $6.1B | ||
| Q3 25 | $2.5B | $6.5B | ||
| Q2 25 | $2.2B | $6.3B | ||
| Q1 25 | $1.8B | $6.0B | ||
| Q4 24 | $1.9B | $6.0B | ||
| Q3 24 | $1.8B | $6.3B | ||
| Q2 24 | $1.8B | $6.3B |
净利润FIXMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $330.8M | $577.0M | ||
| Q3 25 | $291.6M | $834.0M | ||
| Q2 25 | $230.8M | $723.0M | ||
| Q1 25 | $169.3M | $1.1B | ||
| Q4 24 | $145.9M | $728.0M | ||
| Q3 24 | $146.2M | $1.4B | ||
| Q2 24 | $134.0M | $1.1B |
毛利率FIXMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 25.5% | 33.6% | ||
| Q3 25 | 24.8% | 41.8% | ||
| Q2 25 | 23.5% | 42.5% | ||
| Q1 25 | 22.0% | 41.6% | ||
| Q4 24 | 23.2% | 51.7% | ||
| Q3 24 | 21.1% | 42.1% | ||
| Q2 24 | 20.1% | 42.9% |
营业利润率FIXMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 16.1% | 13.0% | ||
| Q3 25 | 15.5% | 22.2% | ||
| Q2 25 | 13.8% | 18.0% | ||
| Q1 25 | 11.4% | 20.9% | ||
| Q4 24 | 12.1% | 12.2% | ||
| Q3 24 | 11.2% | 20.9% | ||
| Q2 24 | 10.2% | 20.3% |
净利率FIXMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 12.5% | 9.4% | ||
| Q3 25 | 11.9% | 12.8% | ||
| Q2 25 | 10.6% | 11.4% | ||
| Q1 25 | 9.2% | 18.7% | ||
| Q4 24 | 7.8% | 12.1% | ||
| Q3 24 | 8.1% | 21.8% | ||
| Q2 24 | 7.4% | 18.3% |
每股收益（稀释后）FIXMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $9.35 | $1.07 | ||
| Q3 25 | $8.25 | $1.55 | ||
| Q2 25 | $6.53 | $1.34 | ||
| Q1 25 | $4.75 | $2.04 | ||
| Q4 24 | $4.08 | $1.33 | ||
| Q3 24 | $4.09 | $2.48 | ||
| Q2 24 | $3.74 | $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 | $981.9M | $3.7B |
| 总债务越低越好 | $145.2M | $10.9B |
| 股东权益账面价值 | $2.4B | $3.3B |
| 总资产 | $6.4B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.06× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资FIXMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $981.9M | — | ||
| Q3 25 | $860.5M | — | ||
| Q2 25 | $331.7M | — | ||
| Q1 25 | $204.8M | — | ||
| Q4 24 | $549.9M | — | ||
| Q3 24 | $415.6M | — | ||
| Q2 24 | $199.4M | — |
总债务FIXMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $145.2M | $12.6B | ||
| Q3 25 | $136.0M | $12.6B | ||
| Q2 25 | $73.0M | $13.1B | ||
| Q1 25 | $67.8M | $13.5B | ||
| Q4 24 | $68.3M | $13.0B | ||
| Q3 24 | $62.3M | $13.2B | ||
| Q2 24 | $73.4M | $13.1B |
股东权益FIXMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $2.4B | $4.7B | ||
| Q3 25 | $2.2B | $4.6B | ||
| Q2 25 | $2.0B | $4.3B | ||
| Q1 25 | $1.8B | $4.5B | ||
| Q4 24 | $1.7B | $3.8B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.5B | $3.9B |
总资产FIXMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $6.4B | $37.7B | ||
| Q3 25 | $5.8B | $37.6B | ||
| Q2 25 | $5.1B | $38.0B | ||
| Q1 25 | $4.6B | $40.0B | ||
| Q4 24 | $4.7B | $39.9B | ||
| Q3 24 | $4.4B | $40.9B | ||
| Q2 24 | $4.2B | $43.4B |
负债/权益比FIXMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.06× | 2.68× | ||
| Q3 25 | 0.06× | 2.72× | ||
| Q2 25 | 0.04× | 3.06× | ||
| Q1 25 | 0.04× | 3.02× | ||
| Q4 24 | 0.04× | 3.40× | ||
| Q3 24 | 0.04× | 2.84× | ||
| Q2 24 | 0.05× | 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 | $468.5M | — |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $2.0B |
| 自由现金流率自由现金流/营收 | 15.2% | 33.6% |
| 资本支出强度资本支出/营收 | 2.5% | — |
| 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 | $1.0B | $3.7B |
8季度趋势，按日历期对齐
经营现金流FIXMMM
| Q1 26 | — | — | ||
| Q4 25 | $468.5M | $1.6B | ||
| Q3 25 | $553.3M | $1.8B | ||
| Q2 25 | $252.5M | $-954.0M | ||
| Q1 25 | $-88.0M | $-79.0M | ||
| Q4 24 | $210.5M | $1.8B | ||
| Q3 24 | $302.2M | $-1.8B | ||
| Q2 24 | $189.9M | $1.0B |
自由现金流FIXMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $402.4M | $1.3B | ||
| Q3 25 | $517.9M | $1.5B | ||
| Q2 25 | $221.2M | $-1.2B | ||
| Q1 25 | $-110.2M | $-315.0M | ||
| Q4 24 | $169.8M | $1.5B | ||
| Q3 24 | $280.1M | $-2.0B | ||
| Q2 24 | $166.5M | $752.0M |
自由现金流率FIXMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 15.2% | 21.8% | ||
| Q3 25 | 21.1% | 23.6% | ||
| Q2 25 | 10.2% | -18.3% | ||
| Q1 25 | -6.0% | -5.3% | ||
| Q4 24 | 9.1% | 25.4% | ||
| Q3 24 | 15.5% | -32.3% | ||
| Q2 24 | 9.2% | 12.0% |
资本支出强度FIXMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 4.0% | ||
| Q3 25 | 1.4% | 3.3% | ||
| Q2 25 | 1.4% | 3.3% | ||
| Q1 25 | 1.2% | 4.0% | ||
| Q4 24 | 2.2% | 4.8% | ||
| Q3 24 | 1.2% | 3.9% | ||
| Q2 24 | 1.3% | 4.3% |
现金转化率FIXMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.42× | 2.74× | ||
| Q3 25 | 1.90× | 2.11× | ||
| Q2 25 | 1.09× | -1.32× | ||
| Q1 25 | -0.52× | -0.07× | ||
| Q4 24 | 1.44× | 2.50× | ||
| Q3 24 | 2.07× | -1.30× | ||
| Q2 24 | 1.42× | 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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
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% |
