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FTAI Aviation Ltd.（FTAI）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FTAI Aviation Ltd.的9.1倍（$6.0B vs $662.0M）。FTAI Aviation Ltd.净利率更高（17.5% vs 10.8%，领先6.6%）。FTAI Aviation Ltd.同比增速更快（32.7% vs 1.3%）。3M自由现金流更多（$2.0B vs $-189.3M）。过去两年FTAI Aviation Ltd.的营收复合增速更高（42.4% vs -1.8%）
FTAI航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
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。
FTAI vs MMM — 直观对比
营收规模更大
MMM
是对方的9.1倍
$662.0M
营收增速更快
FTAI
高出31.4%
1.3%
净利率更高
FTAI
高出6.6%
10.8%
自由现金流更多
MMM
多$2.2B
$-189.3M
两年增速更快
FTAI
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $662.0M | $6.0B |
| 净利润 | $115.6M | $653.0M |
| 毛利率 | 44.3% | 40.7% |
| 营业利润率 | 20.3% | 23.2% |
| 净利率 | 17.5% | 10.8% |
| 营收同比 | 32.7% | 1.3% |
| 净利润同比 | 12.8% | -41.5% |
| 每股收益（稀释后） | $1.06 | $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FTAIMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $662.0M | $6.1B | ||
| Q3 25 | $667.1M | $6.5B | ||
| Q2 25 | $676.2M | $6.3B | ||
| Q1 25 | $502.1M | $6.0B | ||
| Q4 24 | $498.8M | $6.0B | ||
| Q3 24 | $465.8M | $6.3B | ||
| Q2 24 | $443.6M | $6.3B |
净利润FTAIMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $115.6M | $577.0M | ||
| Q3 25 | $117.7M | $834.0M | ||
| Q2 25 | $165.4M | $723.0M | ||
| Q1 25 | $102.4M | $1.1B | ||
| Q4 24 | $102.4M | $728.0M | ||
| Q3 24 | $86.5M | $1.4B | ||
| Q2 24 | $-219.9M | $1.1B |
毛利率FTAIMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 44.3% | 33.6% | ||
| Q3 25 | 45.6% | 41.8% | ||
| Q2 25 | 45.4% | 42.5% | ||
| Q1 25 | 50.5% | 41.6% | ||
| Q4 24 | 48.3% | 51.7% | ||
| Q3 24 | 52.9% | 42.1% | ||
| Q2 24 | 53.6% | 42.9% |
营业利润率FTAIMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 20.3% | 13.0% | ||
| Q3 25 | 21.6% | 22.2% | ||
| Q2 25 | 30.1% | 18.0% | ||
| Q1 25 | 24.9% | 20.9% | ||
| Q4 24 | 21.7% | 12.2% | ||
| Q3 24 | 20.1% | 20.9% | ||
| Q2 24 | -52.5% | 20.3% |
净利率FTAIMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 17.5% | 9.4% | ||
| Q3 25 | 17.6% | 12.8% | ||
| Q2 25 | 24.5% | 11.4% | ||
| Q1 25 | 20.4% | 18.7% | ||
| Q4 24 | 20.5% | 12.1% | ||
| Q3 24 | 18.6% | 21.8% | ||
| Q2 24 | -49.6% | 18.3% |
每股收益（稀释后）FTAIMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.06 | $1.07 | ||
| Q3 25 | $1.10 | $1.55 | ||
| Q2 25 | $1.57 | $1.34 | ||
| Q1 25 | $0.87 | $2.04 | ||
| Q4 24 | $0.87 | $1.33 | ||
| Q3 24 | $0.76 | $2.48 | ||
| Q2 24 | $-2.26 | $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 | $300.5M | $3.7B |
| 总债务越低越好 | $3.4B | $10.9B |
| 股东权益账面价值 | $334.2M | $3.3B |
| 总资产 | $4.4B | $35.4B |
| 负债/权益比越低杠杆越低 | 10.32× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资FTAIMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $300.5M | — | ||
| Q3 25 | $509.9M | — | ||
| Q2 25 | $301.9M | — | ||
| Q1 25 | $112.1M | — | ||
| Q4 24 | $115.1M | — | ||
| Q3 24 | $111.9M | — | ||
| Q2 24 | $169.5M | — |
总债务FTAIMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $3.4B | $12.6B | ||
| Q3 25 | $3.4B | $12.6B | ||
| Q2 25 | $3.4B | $13.1B | ||
| Q1 25 | $3.6B | $13.5B | ||
| Q4 24 | $3.4B | $13.0B | ||
| Q3 24 | $3.2B | $13.2B | ||
| Q2 24 | $3.1B | $13.1B |
股东权益FTAIMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $334.2M | $4.7B | ||
| Q3 25 | $252.5M | $4.6B | ||
| Q2 25 | $164.9M | $4.3B | ||
| Q1 25 | $28.3M | $4.5B | ||
| Q4 24 | $81.4M | $3.8B | ||
| Q3 24 | $118.5M | $4.6B | ||
| Q2 24 | $69.6M | $3.9B |
总资产FTAIMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $4.4B | $37.7B | ||
| Q3 25 | $4.2B | $37.6B | ||
| Q2 25 | $4.1B | $38.0B | ||
| Q1 25 | $4.3B | $40.0B | ||
| Q4 24 | $4.0B | $39.9B | ||
| Q3 24 | $3.7B | $40.9B | ||
| Q2 24 | $3.4B | $43.4B |
负债/权益比FTAIMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 10.32× | 2.68× | ||
| Q3 25 | 13.65× | 2.72× | ||
| Q2 25 | 20.88× | 3.06× | ||
| Q1 25 | 128.56× | 3.02× | ||
| Q4 24 | 42.28× | 3.40× | ||
| Q3 24 | 27.15× | 2.84× | ||
| Q2 24 | 44.24× | 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 | $-179.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-189.3M | $2.0B |
| 自由现金流率自由现金流/营收 | -28.6% | 33.6% |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | -1.55× | — |
| 过去12个月自由现金流最近4个季度 | $-338.5M | $3.7B |
8季度趋势，按日历期对齐
经营现金流FTAIMMM
| Q1 26 | — | — | ||
| Q4 25 | $-179.1M | $1.6B | ||
| Q3 25 | $4.6M | $1.8B | ||
| Q2 25 | $-110.3M | $-954.0M | ||
| Q1 25 | $-26.0M | $-79.0M | ||
| Q4 24 | $-41.8M | $1.8B | ||
| Q3 24 | $41.5M | $-1.8B | ||
| Q2 24 | $-187.3M | $1.0B |
自由现金流FTAIMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-189.3M | $1.3B | ||
| Q3 25 | $-1.8M | $1.5B | ||
| Q2 25 | $-117.2M | $-1.2B | ||
| Q1 25 | $-30.1M | $-315.0M | ||
| Q4 24 | $-48.1M | $1.5B | ||
| Q3 24 | $41.0M | $-2.0B | ||
| Q2 24 | $-188.4M | $752.0M |
自由现金流率FTAIMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -28.6% | 21.8% | ||
| Q3 25 | -0.3% | 23.6% | ||
| Q2 25 | -17.3% | -18.3% | ||
| Q1 25 | -6.0% | -5.3% | ||
| Q4 24 | -9.6% | 25.4% | ||
| Q3 24 | 8.8% | -32.3% | ||
| Q2 24 | -42.5% | 12.0% |
资本支出强度FTAIMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 4.0% | ||
| Q3 25 | 1.0% | 3.3% | ||
| Q2 25 | 1.0% | 3.3% | ||
| Q1 25 | 0.8% | 4.0% | ||
| Q4 24 | 1.3% | 4.8% | ||
| Q3 24 | 0.1% | 3.9% | ||
| Q2 24 | 0.3% | 4.3% |
现金转化率FTAIMMM
| Q1 26 | — | — | ||
| Q4 25 | -1.55× | 2.74× | ||
| Q3 25 | 0.04× | 2.11× | ||
| Q2 25 | -0.67× | -1.32× | ||
| Q1 25 | -0.25× | -0.07× | ||
| Q4 24 | -0.41× | 2.50× | ||
| Q3 24 | 0.48× | -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
FTAI
| Aerospace Products | $355.5M | 54% |
| Other | $212.3M | 32% |
| Equipment Leasing Revenues | $49.2M | 7% |
| Maintenance | $43.4M | 7% |
| Manufactured Product Other | $1.6M | 0% |
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% |
