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盖茨工业（GTES）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是盖茨工业的7.0倍（$6.0B vs $856.2M）。3M净利率更高（10.8% vs 6.0%，领先4.8%）。盖茨工业同比增速更快（3.2% vs 1.3%）。3M自由现金流更多（$2.0B vs $251.0M）。过去两年盖茨工业的营收复合增速更高（-0.4% vs -1.8%）
盖茨工业总部位于美国科罗拉多州丹佛市，是动力传动带及流体动力产品的专业制造商，产品广泛应用于各类工业和汽车领域。公司员工规模超1.5万人，在美洲、欧洲、亚洲、澳洲及中东均设有销售和生产基地。
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。
GTES vs MMM — 直观对比
营收规模更大
MMM
是对方的7.0倍
$856.2M
营收增速更快
GTES
高出1.9%
1.3%
净利率更高
MMM
高出4.8%
6.0%
自由现金流更多
MMM
多$1.8B
$251.0M
两年增速更快
GTES
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $856.2M | $6.0B |
| 净利润 | $51.3M | $653.0M |
| 毛利率 | 38.0% | 40.7% |
| 营业利润率 | 12.8% | 23.2% |
| 净利率 | 6.0% | 10.8% |
| 营收同比 | 3.2% | 1.3% |
| 净利润同比 | 40.2% | -41.5% |
| 每股收益（稀释后） | $0.19 | $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GTESMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $856.2M | $6.1B | ||
| Q3 25 | $855.7M | $6.5B | ||
| Q2 25 | $883.7M | $6.3B | ||
| Q1 25 | $847.6M | $6.0B | ||
| Q4 24 | $829.4M | $6.0B | ||
| Q3 24 | $830.7M | $6.3B | ||
| Q2 24 | $885.5M | $6.3B |
净利润GTESMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $51.3M | $577.0M | ||
| Q3 25 | $81.6M | $834.0M | ||
| Q2 25 | $56.5M | $723.0M | ||
| Q1 25 | $62.0M | $1.1B | ||
| Q4 24 | $36.6M | $728.0M | ||
| Q3 24 | $47.6M | $1.4B | ||
| Q2 24 | $70.7M | $1.1B |
毛利率GTESMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 38.0% | 33.6% | ||
| Q3 25 | 39.9% | 41.8% | ||
| Q2 25 | 40.8% | 42.5% | ||
| Q1 25 | 40.7% | 41.6% | ||
| Q4 24 | 40.4% | 51.7% | ||
| Q3 24 | 40.4% | 42.1% | ||
| Q2 24 | 40.4% | 42.9% |
营业利润率GTESMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 12.8% | 13.0% | ||
| Q3 25 | 13.5% | 22.2% | ||
| Q2 25 | 13.1% | 18.0% | ||
| Q1 25 | 14.7% | 20.9% | ||
| Q4 24 | 13.6% | 12.2% | ||
| Q3 24 | 13.6% | 20.9% | ||
| Q2 24 | 15.4% | 20.3% |
净利率GTESMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 6.0% | 9.4% | ||
| Q3 25 | 9.5% | 12.8% | ||
| Q2 25 | 6.4% | 11.4% | ||
| Q1 25 | 7.3% | 18.7% | ||
| Q4 24 | 4.4% | 12.1% | ||
| Q3 24 | 5.7% | 21.8% | ||
| Q2 24 | 8.0% | 18.3% |
每股收益（稀释后）GTESMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $0.19 | $1.07 | ||
| Q3 25 | $0.31 | $1.55 | ||
| Q2 25 | $0.22 | $1.34 | ||
| Q1 25 | $0.24 | $2.04 | ||
| Q4 24 | $0.15 | $1.33 | ||
| Q3 24 | $0.18 | $2.48 | ||
| Q2 24 | $0.26 | $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 | $812.1M | $3.7B |
| 总债务越低越好 | $2.2B | $10.9B |
| 股东权益账面价值 | $3.3B | $3.3B |
| 总资产 | $7.2B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.67× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资GTESMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $812.1M | — | ||
| Q3 25 | $689.4M | — | ||
| Q2 25 | $719.7M | — | ||
| Q1 25 | $640.2M | — | ||
| Q4 24 | $682.0M | — | ||
| Q3 24 | $574.4M | — | ||
| Q2 24 | $579.7M | — |
总债务GTESMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $2.2B | $12.6B | ||
| Q3 25 | $2.2B | $12.6B | ||
| Q2 25 | $2.3B | $13.1B | ||
| Q1 25 | $2.3B | $13.5B | ||
| Q4 24 | $2.4B | $13.0B | ||
| Q3 24 | $2.4B | $13.2B | ||
| Q2 24 | $2.3B | $13.1B |
股东权益GTESMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $3.3B | $4.7B | ||
| Q3 25 | $3.4B | $4.6B | ||
| Q2 25 | $3.3B | $4.3B | ||
| Q1 25 | $3.1B | $4.5B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.1B | $4.6B | ||
| Q2 24 | $3.2B | $3.9B |
总资产GTESMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $7.2B | $37.7B | ||
| Q3 25 | $7.1B | $37.6B | ||
| Q2 25 | $7.2B | $38.0B | ||
| Q1 25 | $6.9B | $40.0B | ||
| Q4 24 | $6.8B | $39.9B | ||
| Q3 24 | $7.1B | $40.9B | ||
| Q2 24 | $7.0B | $43.4B |
负债/权益比GTESMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.67× | 2.68× | ||
| Q3 25 | 0.66× | 2.72× | ||
| Q2 25 | 0.72× | 3.06× | ||
| Q1 25 | 0.75× | 3.02× | ||
| Q4 24 | 0.78× | 3.40× | ||
| Q3 24 | 0.76× | 2.84× | ||
| Q2 24 | 0.73× | 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 | $269.8M | — |
| 自由现金流经营现金流 - 资本支出 | $251.0M | $2.0B |
| 自由现金流率自由现金流/营收 | 29.3% | 33.6% |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 5.26× | — |
| 过去12个月自由现金流最近4个季度 | $404.9M | $3.7B |
8季度趋势，按日历期对齐
经营现金流GTESMMM
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $1.6B | ||
| Q3 25 | $98.0M | $1.8B | ||
| Q2 25 | $103.0M | $-954.0M | ||
| Q1 25 | $7.3M | $-79.0M | ||
| Q4 24 | $190.9M | $1.8B | ||
| Q3 24 | $115.9M | $-1.8B | ||
| Q2 24 | $93.8M | $1.0B |
自由现金流GTESMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $251.0M | $1.3B | ||
| Q3 25 | $80.5M | $1.5B | ||
| Q2 25 | $83.6M | $-1.2B | ||
| Q1 25 | $-10.2M | $-315.0M | ||
| Q4 24 | $167.6M | $1.5B | ||
| Q3 24 | $94.0M | $-2.0B | ||
| Q2 24 | $71.9M | $752.0M |
自由现金流率GTESMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 29.3% | 21.8% | ||
| Q3 25 | 9.4% | 23.6% | ||
| Q2 25 | 9.5% | -18.3% | ||
| Q1 25 | -1.2% | -5.3% | ||
| Q4 24 | 20.2% | 25.4% | ||
| Q3 24 | 11.3% | -32.3% | ||
| Q2 24 | 8.1% | 12.0% |
资本支出强度GTESMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 4.0% | ||
| Q3 25 | 2.0% | 3.3% | ||
| Q2 25 | 2.2% | 3.3% | ||
| Q1 25 | 2.1% | 4.0% | ||
| Q4 24 | 2.8% | 4.8% | ||
| Q3 24 | 2.6% | 3.9% | ||
| Q2 24 | 2.5% | 4.3% |
现金转化率GTESMMM
| Q1 26 | — | — | ||
| Q4 25 | 5.26× | 2.74× | ||
| Q3 25 | 1.20× | 2.11× | ||
| Q2 25 | 1.82× | -1.32× | ||
| Q1 25 | 0.12× | -0.07× | ||
| Q4 24 | 5.22× | 2.50× | ||
| Q3 24 | 2.43× | -1.30× | ||
| Q2 24 | 1.33× | 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
GTES
| Power Transmission Segment | $536.5M | 63% |
| Fluid Power Segment | $319.7M | 37% |
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% |
