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海斯特耶鲁（HY）与3M（MMM）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是海斯特耶鲁的6.5倍（$6.0B vs $923.2M）。3M净利率更高（10.8% vs -5.7%，领先16.5%）。3M同比增速更快（1.3% vs -13.5%）。3M自由现金流更多（$2.0B vs $32.9M）
海斯特-耶鲁物料搬运公司通过其全资运营子公司海斯特-耶鲁集团，主要以海斯特与耶鲁品牌在全球范围设计研发、生产销售全系列叉车，并提供售后配件与相关服务。该公司2002年起就在NACCO工业集团内独立运营，最终于2012年从NACCO分拆独立。
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。
HY vs MMM — 直观对比
营收规模更大
MMM
是对方的6.5倍
$923.2M
营收增速更快
MMM
高出14.8%
-13.5%
净利率更高
MMM
高出16.5%
-5.7%
自由现金流更多
MMM
多$2.0B
$32.9M
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $923.2M | $6.0B |
| 净利润 | $-52.5M | $653.0M |
| 毛利率 | 14.2% | 40.7% |
| 营业利润率 | -4.0% | 23.2% |
| 净利率 | -5.7% | 10.8% |
| 营收同比 | -13.5% | 1.3% |
| 净利润同比 | -609.7% | -41.5% |
| 每股收益（稀释后） | $-2.96 | $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HYMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $923.2M | $6.1B | ||
| Q3 25 | $0 | $6.5B | ||
| Q2 25 | $0 | $6.3B | ||
| Q1 25 | $0 | $6.0B | ||
| Q4 24 | $1.1B | $6.0B | ||
| Q3 24 | $0 | $6.3B | ||
| Q2 24 | $0 | $6.3B |
净利润HYMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $-52.5M | $577.0M | ||
| Q3 25 | $-2.3M | $834.0M | ||
| Q2 25 | $-13.9M | $723.0M | ||
| Q1 25 | $8.6M | $1.1B | ||
| Q4 24 | $10.3M | $728.0M | ||
| Q3 24 | $17.2M | $1.4B | ||
| Q2 24 | $63.3M | $1.1B |
毛利率HYMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 14.2% | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | 19.4% | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率HYMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -4.0% | 13.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | 3.0% | 12.2% | ||
| Q3 24 | — | 20.9% | ||
| Q2 24 | — | 20.3% |
净利率HYMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | -5.7% | 9.4% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | 1.0% | 12.1% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 18.3% |
每股收益（稀释后）HYMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-2.96 | $1.07 | ||
| Q3 25 | $-0.13 | $1.55 | ||
| Q2 25 | $-0.79 | $1.34 | ||
| Q1 25 | $0.48 | $2.04 | ||
| Q4 24 | $0.56 | $1.33 | ||
| Q3 24 | $0.97 | $2.48 | ||
| Q2 24 | $3.58 | $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 | — | $3.7B |
| 总债务越低越好 | $251.9M | $10.9B |
| 股东权益账面价值 | $472.0M | $3.3B |
| 总资产 | $2.0B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.53× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资HYMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务HYMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $251.9M | $12.6B | ||
| Q3 25 | $252.2M | $12.6B | ||
| Q2 25 | $245.2M | $13.1B | ||
| Q1 25 | $242.6M | $13.5B | ||
| Q4 24 | $241.9M | $13.0B | ||
| Q3 24 | $247.4M | $13.2B | ||
| Q2 24 | $248.5M | $13.1B |
股东权益HYMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $472.0M | $4.7B | ||
| Q3 25 | $536.0M | $4.6B | ||
| Q2 25 | $544.7M | $4.3B | ||
| Q1 25 | $510.0M | $4.5B | ||
| Q4 24 | $475.1M | $3.8B | ||
| Q3 24 | $529.9M | $4.6B | ||
| Q2 24 | $465.7M | $3.9B |
总资产HYMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $2.0B | $37.7B | ||
| Q3 25 | $2.1B | $37.6B | ||
| Q2 25 | $2.1B | $38.0B | ||
| Q1 25 | $2.1B | $40.0B | ||
| Q4 24 | $2.0B | $39.9B | ||
| Q3 24 | $2.2B | $40.9B | ||
| Q2 24 | $2.1B | $43.4B |
负债/权益比HYMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.53× | 2.68× | ||
| Q3 25 | 0.47× | 2.72× | ||
| Q2 25 | 0.45× | 3.06× | ||
| Q1 25 | 0.48× | 3.02× | ||
| Q4 24 | 0.51× | 3.40× | ||
| Q3 24 | 0.47× | 2.84× | ||
| Q2 24 | 0.53× | 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 | $56.5M | — |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $2.0B |
| 自由现金流率自由现金流/营收 | 3.6% | 33.6% |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 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 | $23.6M | $3.7B |
8季度趋势，按日历期对齐
经营现金流HYMMM
| Q1 26 | — | — | ||
| Q4 25 | $56.5M | $1.6B | ||
| Q3 25 | $37.1M | $1.8B | ||
| Q2 25 | $28.9M | $-954.0M | ||
| Q1 25 | $-36.4M | $-79.0M | ||
| Q4 24 | $80.7M | $1.8B | ||
| Q3 24 | $70.1M | $-1.8B | ||
| Q2 24 | $-2.5M | $1.0B |
自由现金流HYMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $32.9M | $1.3B | ||
| Q3 25 | $22.6M | $1.5B | ||
| Q2 25 | $15.1M | $-1.2B | ||
| Q1 25 | $-47.0M | $-315.0M | ||
| Q4 24 | $62.8M | $1.5B | ||
| Q3 24 | $59.9M | $-2.0B | ||
| Q2 24 | $-14.7M | $752.0M |
自由现金流率HYMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 3.6% | 21.8% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | — | -18.3% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | 5.9% | 25.4% | ||
| Q3 24 | — | -32.3% | ||
| Q2 24 | — | 12.0% |
资本支出强度HYMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 4.0% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 1.7% | 4.8% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 4.3% |
现金转化率HYMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | -4.23× | -0.07× | ||
| Q4 24 | 7.83× | 2.50× | ||
| Q3 24 | 4.08× | -1.30× | ||
| Q2 24 | -0.04× | 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
HY
| Sales Channel Through Intermediary | $281.7M | 31% |
| Aftermarketsales | $179.1M | 19% |
| Sales Channel Directly To Consumer | $173.6M | 19% |
| EMEAHY | $153.3M | 17% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $89.0M | 10% |
| Otherrevenue | $42.4M | 5% |
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% |
