vs
GRAHAM CORP（GHM）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GRAHAM CORP的106.3倍（$6.0B vs $56.7M）。3M净利率更高（10.8% vs 5.0%，领先5.8%）。GRAHAM CORP同比增速更快（20.5% vs 1.3%）。3M自由现金流更多（$2.0B vs $2.4M）。过去两年GRAHAM CORP的营收复合增速更高（7.5% vs -1.8%）
格雷厄姆控股公司是一家多元化的美国控股集团，总部位于弗吉尼亚州阿灵顿县，在特拉华州注册成立，该集团曾是《华盛顿邮报》与《新闻周刊》杂志的所有者。
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。
GHM vs MMM — 直观对比
营收规模更大
MMM
是对方的106.3倍
$56.7M
营收增速更快
GHM
高出19.2%
1.3%
净利率更高
MMM
高出5.8%
5.0%
自由现金流更多
MMM
多$2.0B
$2.4M
两年增速更快
GHM
近两年复合增速
-1.8%
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $56.7M | $6.0B |
| 净利润 | $2.8M | $653.0M |
| 毛利率 | 23.8% | 40.7% |
| 营业利润率 | 5.5% | 23.2% |
| 净利率 | 5.0% | 10.8% |
| 营收同比 | 20.5% | 1.3% |
| 净利润同比 | 79.2% | -41.5% |
| 每股收益（稀释后） | $0.25 | $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GHMMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $56.7M | $6.1B | ||
| Q3 25 | $66.0M | $6.5B | ||
| Q2 25 | $55.5M | $6.3B | ||
| Q1 25 | $59.3M | $6.0B | ||
| Q4 24 | $47.0M | $6.0B | ||
| Q3 24 | $53.6M | $6.3B | ||
| Q2 24 | $50.0M | $6.3B |
净利润GHMMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $2.8M | $577.0M | ||
| Q3 25 | $3.1M | $834.0M | ||
| Q2 25 | $4.6M | $723.0M | ||
| Q1 25 | $4.4M | $1.1B | ||
| Q4 24 | $1.6M | $728.0M | ||
| Q3 24 | $3.3M | $1.4B | ||
| Q2 24 | $3.0M | $1.1B |
毛利率GHMMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 23.8% | 33.6% | ||
| Q3 25 | 21.7% | 41.8% | ||
| Q2 25 | 26.5% | 42.5% | ||
| Q1 25 | 27.0% | 41.6% | ||
| Q4 24 | 24.8% | 51.7% | ||
| Q3 24 | 23.9% | 42.1% | ||
| Q2 24 | 24.8% | 42.9% |
营业利润率GHMMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 5.5% | 13.0% | ||
| Q3 25 | 6.5% | 22.2% | ||
| Q2 25 | 8.9% | 18.0% | ||
| Q1 25 | 9.3% | 20.9% | ||
| Q4 24 | 4.7% | 12.2% | ||
| Q3 24 | 7.9% | 20.9% | ||
| Q2 24 | 6.5% | 20.3% |
净利率GHMMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 5.0% | 9.4% | ||
| Q3 25 | 4.7% | 12.8% | ||
| Q2 25 | 8.3% | 11.4% | ||
| Q1 25 | 7.4% | 18.7% | ||
| Q4 24 | 3.4% | 12.1% | ||
| Q3 24 | 6.1% | 21.8% | ||
| Q2 24 | 5.9% | 18.3% |
每股收益（稀释后）GHMMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.25 | $1.07 | ||
| Q3 25 | $0.28 | $1.55 | ||
| Q2 25 | $0.42 | $1.34 | ||
| Q1 25 | $0.40 | $2.04 | ||
| Q4 24 | $0.14 | $1.33 | ||
| Q3 24 | $0.30 | $2.48 | ||
| Q2 24 | $0.27 | $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 | $22.3M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $131.3M | $3.3B |
| 总资产 | $292.9M | $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GHMMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $22.3M | — | ||
| Q3 25 | $20.6M | — | ||
| Q2 25 | $10.8M | — | ||
| Q1 25 | $21.6M | — | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $32.3M | — | ||
| Q2 24 | $21.6M | — |
总债务GHMMMM
| 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GHMMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $131.3M | $4.7B | ||
| Q3 25 | $127.6M | $4.6B | ||
| Q2 25 | $123.4M | $4.3B | ||
| Q1 25 | $119.6M | $4.5B | ||
| Q4 24 | $114.4M | $3.8B | ||
| Q3 24 | $112.5M | $4.6B | ||
| Q2 24 | $108.2M | $3.9B |
总资产GHMMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $292.9M | $37.7B | ||
| Q3 25 | $287.0M | $37.6B | ||
| Q2 25 | $252.3M | $38.0B | ||
| Q1 25 | $264.1M | $40.0B | ||
| Q4 24 | $264.3M | $39.9B | ||
| Q3 24 | $249.5M | $40.9B | ||
| Q2 24 | $244.2M | $43.4B |
负债/权益比GHMMMM
| 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 | $4.8M | — |
| 自由现金流经营现金流 - 资本支出 | $2.4M | $2.0B |
| 自由现金流率自由现金流/营收 | 4.3% | 33.6% |
| 资本支出强度资本支出/营收 | 4.1% | — |
| 现金转化率经营现金流/净利润 | 1.67× | — |
| 过去12个月自由现金流最近4个季度 | $-6.1M | $3.7B |
8季度趋势，按日历期对齐
经营现金流GHMMMM
| Q1 26 | — | — | ||
| Q4 25 | $4.8M | $1.6B | ||
| Q3 25 | $13.6M | $1.8B | ||
| Q2 25 | $-2.3M | $-954.0M | ||
| Q1 25 | $-3.6M | $-79.0M | ||
| Q4 24 | $5.2M | $1.8B | ||
| Q3 24 | $13.9M | $-1.8B | ||
| Q2 24 | $8.7M | $1.0B |
自由现金流GHMMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.4M | $1.3B | ||
| Q3 25 | $9.4M | $1.5B | ||
| Q2 25 | $-9.3M | $-1.2B | ||
| Q1 25 | $-8.7M | $-315.0M | ||
| Q4 24 | $-2.1M | $1.5B | ||
| Q3 24 | $10.4M | $-2.0B | ||
| Q2 24 | $5.7M | $752.0M |
自由现金流率GHMMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 4.3% | 21.8% | ||
| Q3 25 | 14.3% | 23.6% | ||
| Q2 25 | -16.7% | -18.3% | ||
| Q1 25 | -14.7% | -5.3% | ||
| Q4 24 | -4.5% | 25.4% | ||
| Q3 24 | 19.5% | -32.3% | ||
| Q2 24 | 11.5% | 12.0% |
资本支出强度GHMMMM
| Q1 26 | — | — | ||
| Q4 25 | 4.1% | 4.0% | ||
| Q3 25 | 6.3% | 3.3% | ||
| Q2 25 | 12.6% | 3.3% | ||
| Q1 25 | 8.7% | 4.0% | ||
| Q4 24 | 15.6% | 4.8% | ||
| Q3 24 | 6.5% | 3.9% | ||
| Q2 24 | 6.0% | 4.3% |
现金转化率GHMMMM
| Q1 26 | — | — | ||
| Q4 25 | 1.67× | 2.74× | ||
| Q3 25 | 4.40× | 2.11× | ||
| Q2 25 | -0.49× | -1.32× | ||
| Q1 25 | -0.81× | -0.07× | ||
| Q4 24 | 3.29× | 2.50× | ||
| Q3 24 | 4.25× | -1.30× | ||
| Q2 24 | 2.94× | 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
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
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% |
