vs
Firefly Aerospace Inc.（FLY）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Firefly Aerospace Inc.的195.9倍（$6.0B vs $30.8M）。3M净利率更高（10.8% vs -433.5%，领先444.3%）。Firefly Aerospace Inc.同比增速更快（37.6% vs 1.3%）。3M自由现金流更多（$2.0B vs $-62.0M）
萤火虫航空航天（Firefly Aerospace）是总部位于美国得克萨斯州锡达帕克的商业航天企业，专注于研发中小型运载火箭，为客户提供商业轨道发射服务，致力于降低太空准入门槛，推动商业航天行业的发展。
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。
FLY vs MMM — 直观对比
营收规模更大
MMM
是对方的195.9倍
$30.8M
营收增速更快
FLY
高出36.3%
1.3%
净利率更高
MMM
高出444.3%
-433.5%
自由现金流更多
MMM
多$2.1B
$-62.0M
损益表 — Q3 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $30.8M | $6.0B |
| 净利润 | $-133.4M | $653.0M |
| 毛利率 | 27.6% | 40.7% |
| 营业利润率 | -202.1% | 23.2% |
| 净利率 | -433.5% | 10.8% |
| 营收同比 | 37.6% | 1.3% |
| 净利润同比 | -227.1% | -41.5% |
| 每股收益（稀释后） | $-1.50 | $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FLYMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | — | $6.1B | ||
| Q3 25 | $30.8M | $6.5B | ||
| Q2 25 | $15.5M | $6.3B | ||
| Q1 25 | — | $6.0B | ||
| Q4 24 | — | $6.0B | ||
| Q3 24 | $22.4M | $6.3B | ||
| Q2 24 | $21.1M | $6.3B |
净利润FLYMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | — | $577.0M | ||
| Q3 25 | $-133.4M | $834.0M | ||
| Q2 25 | $-63.8M | $723.0M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $728.0M | ||
| Q3 24 | $-40.8M | $1.4B | ||
| Q2 24 | $-53.5M | $1.1B |
毛利率FLYMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | 27.6% | 41.8% | ||
| Q2 25 | 25.7% | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | 34.7% | 42.1% | ||
| Q2 24 | 14.0% | 42.9% |
营业利润率FLYMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | -202.1% | 22.2% | ||
| Q2 25 | -349.5% | 18.0% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | -152.9% | 20.9% | ||
| Q2 24 | -232.1% | 20.3% |
净利率FLYMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | -433.5% | 12.8% | ||
| Q2 25 | -410.2% | 11.4% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | -182.3% | 21.8% | ||
| Q2 24 | -253.7% | 18.3% |
每股收益（稀释后）FLYMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | — | $1.07 | ||
| Q3 25 | $-1.50 | $1.55 | ||
| Q2 25 | $-5.78 | $1.34 | ||
| Q1 25 | — | $2.04 | ||
| Q4 24 | — | $1.33 | ||
| Q3 24 | $-3.57 | $2.48 | ||
| Q2 24 | $-4.60 | $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 | $995.2M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $948.8M | $3.3B |
| 总资产 | $1.3B | $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FLYMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | $995.2M | — | ||
| Q2 25 | $205.3M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $21.9M | — |
总债务FLYMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | $136.1M | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | — | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益FLYMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | $948.8M | $4.6B | ||
| Q2 25 | $-918.0M | $4.3B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | $-665.5M | $4.6B | ||
| Q2 24 | $-620.0M | $3.9B |
总资产FLYMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | — | $37.7B | ||
| Q3 25 | $1.3B | $37.6B | ||
| Q2 25 | $466.8M | $38.0B | ||
| Q1 25 | — | $40.0B | ||
| Q4 24 | — | $39.9B | ||
| Q3 24 | — | $40.9B | ||
| Q2 24 | — | $43.4B |
负债/权益比FLYMMM
| 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 | $-53.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-62.0M | $2.0B |
| 自由现金流率自由现金流/营收 | -201.3% | 33.6% |
| 资本支出强度资本支出/营收 | 29.0% | — |
| 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 | — | $3.7B |
8季度趋势，按日历期对齐
经营现金流FLYMMM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $-53.0M | $1.8B | ||
| Q2 25 | — | $-954.0M | ||
| Q1 25 | — | $-79.0M | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $-1.8B | ||
| Q2 24 | — | $1.0B |
自由现金流FLYMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $-62.0M | $1.5B | ||
| Q2 25 | — | $-1.2B | ||
| Q1 25 | — | $-315.0M | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $-2.0B | ||
| Q2 24 | — | $752.0M |
自由现金流率FLYMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | -201.3% | 23.6% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | -32.3% | ||
| Q2 24 | — | 12.0% |
资本支出强度FLYMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | 29.0% | 3.3% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 4.3% |
现金转化率FLYMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | — | -1.30× | ||
| Q2 24 | — | 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
FLY
| Spacecraft Solutions Revenue | $21.4M | 69% |
| Launch Revenue | $9.4M | 31% |
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% |
