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FLOWSERVE CORP（FLS）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FLOWSERVE CORP的4.9倍（$6.0B vs $1.2B）。3M净利率更高（10.8% vs -2.4%，领先13.2%）。FLOWSERVE CORP同比增速更快（3.5% vs 1.3%）。3M自由现金流更多（$2.0B vs $-25.6M）。过去两年FLOWSERVE CORP的营收复合增速更高（6.0% vs -1.8%）
Flowserve是美国跨国企业，也是全球领先的工业及环保机械供应商之一，主营泵、阀门、端面机械密封、自动化产品及相关服务，覆盖电力、油气、化工等多个行业，总部位于得克萨斯州欧文市，在全球50多国拥有近1.6万名员工，同时提供完善的售后服务。
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。
FLS vs MMM — 直观对比
营收规模更大
MMM
是对方的4.9倍
$1.2B
营收增速更快
FLS
高出2.2%
1.3%
净利率更高
MMM
高出13.2%
-2.4%
自由现金流更多
MMM
多$2.1B
$-25.6M
两年增速更快
FLS
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $6.0B |
| 净利润 | $-29.0M | $653.0M |
| 毛利率 | 34.8% | 40.7% |
| 营业利润率 | 3.5% | 23.2% |
| 净利率 | -2.4% | 10.8% |
| 营收同比 | 3.5% | 1.3% |
| 净利润同比 | -137.4% | -41.5% |
| 每股收益（稀释后） | $-0.21 | $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FLSMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $1.2B | $6.1B | ||
| Q3 25 | $1.2B | $6.5B | ||
| Q2 25 | $1.2B | $6.3B | ||
| Q1 25 | $1.1B | $6.0B | ||
| Q4 24 | $1.2B | $6.0B | ||
| Q3 24 | $1.1B | $6.3B | ||
| Q2 24 | $1.2B | $6.3B |
净利润FLSMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $-29.0M | $577.0M | ||
| Q3 25 | $219.6M | $834.0M | ||
| Q2 25 | $81.8M | $723.0M | ||
| Q1 25 | $73.9M | $1.1B | ||
| Q4 24 | $77.5M | $728.0M | ||
| Q3 24 | $58.4M | $1.4B | ||
| Q2 24 | $72.6M | $1.1B |
毛利率FLSMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 34.8% | 33.6% | ||
| Q3 25 | 32.4% | 41.8% | ||
| Q2 25 | 34.2% | 42.5% | ||
| Q1 25 | 32.3% | 41.6% | ||
| Q4 24 | 31.5% | 51.7% | ||
| Q3 24 | 31.5% | 42.1% | ||
| Q2 24 | 31.6% | 42.9% |
营业利润率FLSMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 3.5% | 13.0% | ||
| Q3 25 | 6.7% | 22.2% | ||
| Q2 25 | 12.3% | 18.0% | ||
| Q1 25 | 11.5% | 20.9% | ||
| Q4 24 | 10.6% | 12.2% | ||
| Q3 24 | 9.1% | 20.9% | ||
| Q2 24 | 10.5% | 20.3% |
净利率FLSMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | -2.4% | 9.4% | ||
| Q3 25 | 18.7% | 12.8% | ||
| Q2 25 | 6.9% | 11.4% | ||
| Q1 25 | 6.5% | 18.7% | ||
| Q4 24 | 6.6% | 12.1% | ||
| Q3 24 | 5.2% | 21.8% | ||
| Q2 24 | 6.3% | 18.3% |
每股收益（稀释后）FLSMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-0.21 | $1.07 | ||
| Q3 25 | $1.67 | $1.55 | ||
| Q2 25 | $0.62 | $1.34 | ||
| Q1 25 | $0.56 | $2.04 | ||
| Q4 24 | $0.59 | $1.33 | ||
| Q3 24 | $0.44 | $2.48 | ||
| Q2 24 | $0.55 | $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 | $760.2M | $3.7B |
| 总债务越低越好 | $1.6B | $10.9B |
| 股东权益账面价值 | $2.2B | $3.3B |
| 总资产 | $5.7B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.72× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资FLSMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $760.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $675.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务FLSMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $1.6B | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | $1.5B | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益FLSMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $2.2B | $4.7B | ||
| Q3 25 | $2.3B | $4.6B | ||
| Q2 25 | $2.2B | $4.3B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.0B | $3.8B | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.0B | $3.9B |
总资产FLSMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $5.7B | $37.7B | ||
| Q3 25 | $5.8B | $37.6B | ||
| Q2 25 | $5.7B | $38.0B | ||
| Q1 25 | $5.5B | $40.0B | ||
| Q4 24 | $5.5B | $39.9B | ||
| Q3 24 | $5.3B | $40.9B | ||
| Q2 24 | $5.2B | $43.4B |
负债/权益比FLSMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.72× | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | 0.75× | 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 | $-174.0K | — |
| 自由现金流经营现金流 - 资本支出 | $-25.6M | $2.0B |
| 自由现金流率自由现金流/营收 | -2.1% | 33.6% |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $435.0M | $3.7B |
8季度趋势，按日历期对齐
经营现金流FLSMMM
| Q1 26 | — | — | ||
| Q4 25 | $-174.0K | $1.6B | ||
| Q3 25 | $401.8M | $1.8B | ||
| Q2 25 | $154.1M | $-954.0M | ||
| Q1 25 | $-49.9M | $-79.0M | ||
| Q4 24 | $197.3M | $1.8B | ||
| Q3 24 | $178.5M | $-1.8B | ||
| Q2 24 | $-12.8M | $1.0B |
自由现金流FLSMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-25.6M | $1.3B | ||
| Q3 25 | $384.7M | $1.5B | ||
| Q2 25 | $137.5M | $-1.2B | ||
| Q1 25 | $-61.7M | $-315.0M | ||
| Q4 24 | $168.5M | $1.5B | ||
| Q3 24 | $154.6M | $-2.0B | ||
| Q2 24 | $-27.5M | $752.0M |
自由现金流率FLSMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -2.1% | 21.8% | ||
| Q3 25 | 32.8% | 23.6% | ||
| Q2 25 | 11.6% | -18.3% | ||
| Q1 25 | -5.4% | -5.3% | ||
| Q4 24 | 14.3% | 25.4% | ||
| Q3 24 | 13.6% | -32.3% | ||
| Q2 24 | -2.4% | 12.0% |
资本支出强度FLSMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 4.0% | ||
| Q3 25 | 1.5% | 3.3% | ||
| Q2 25 | 1.4% | 3.3% | ||
| Q1 25 | 1.0% | 4.0% | ||
| Q4 24 | 2.4% | 4.8% | ||
| Q3 24 | 2.1% | 3.9% | ||
| Q2 24 | 1.3% | 4.3% |
现金转化率FLSMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | 1.83× | 2.11× | ||
| Q2 25 | 1.89× | -1.32× | ||
| Q1 25 | -0.68× | -0.07× | ||
| Q4 24 | 2.55× | 2.50× | ||
| Q3 24 | 3.06× | -1.30× | ||
| Q2 24 | -0.18× | 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
FLS
| Aftermarket Equipment | $563.4M | 46% |
| FCD | $390.3M | 32% |
| Original Equipment | $268.5M | 22% |
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% |
