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Installed Building Products, Inc.（IBP）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Installed Building Products, Inc.的8.1倍（$6.0B vs $747.5M）。3M净利率更高（10.8% vs 10.2%，领先0.6%）。3M同比增速更快（1.3% vs -0.4%）。3M自由现金流更多（$2.0B vs $49.3M）。过去两年Installed Building Products, Inc.的营收复合增速更高（3.9% vs -1.8%）
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
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。
IBP vs MMM — 直观对比
营收规模更大
MMM
是对方的8.1倍
$747.5M
营收增速更快
MMM
高出1.7%
-0.4%
净利率更高
MMM
高出0.6%
10.2%
自由现金流更多
MMM
多$2.0B
$49.3M
两年增速更快
IBP
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $6.0B |
| 净利润 | $76.6M | $653.0M |
| 毛利率 | 35.0% | 40.7% |
| 营业利润率 | 14.6% | 23.2% |
| 净利率 | 10.2% | 10.8% |
| 营收同比 | -0.4% | 1.3% |
| 净利润同比 | 14.5% | -41.5% |
| 每股收益（稀释后） | $2.81 | $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IBPMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $747.5M | $6.1B | ||
| Q3 25 | $778.2M | $6.5B | ||
| Q2 25 | $760.3M | $6.3B | ||
| Q1 25 | $684.8M | $6.0B | ||
| Q4 24 | $750.2M | $6.0B | ||
| Q3 24 | $760.6M | $6.3B | ||
| Q2 24 | $737.6M | $6.3B |
净利润IBPMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $76.6M | $577.0M | ||
| Q3 25 | $74.4M | $834.0M | ||
| Q2 25 | $69.0M | $723.0M | ||
| Q1 25 | $45.4M | $1.1B | ||
| Q4 24 | $66.9M | $728.0M | ||
| Q3 24 | $68.6M | $1.4B | ||
| Q2 24 | $65.2M | $1.1B |
毛利率IBPMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 35.0% | 33.6% | ||
| Q3 25 | 34.0% | 41.8% | ||
| Q2 25 | 34.2% | 42.5% | ||
| Q1 25 | 32.7% | 41.6% | ||
| Q4 24 | 33.6% | 51.7% | ||
| Q3 24 | 33.8% | 42.1% | ||
| Q2 24 | 34.1% | 42.9% |
营业利润率IBPMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 14.6% | 13.0% | ||
| Q3 25 | 13.7% | 22.2% | ||
| Q2 25 | 13.3% | 18.0% | ||
| Q1 25 | 10.2% | 20.9% | ||
| Q4 24 | 13.1% | 12.2% | ||
| Q3 24 | 13.3% | 20.9% | ||
| Q2 24 | 12.9% | 20.3% |
净利率IBPMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 10.2% | 9.4% | ||
| Q3 25 | 9.6% | 12.8% | ||
| Q2 25 | 9.1% | 11.4% | ||
| Q1 25 | 6.6% | 18.7% | ||
| Q4 24 | 8.9% | 12.1% | ||
| Q3 24 | 9.0% | 21.8% | ||
| Q2 24 | 8.8% | 18.3% |
每股收益（稀释后）IBPMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $2.81 | $1.07 | ||
| Q3 25 | $2.74 | $1.55 | ||
| Q2 25 | $2.52 | $1.34 | ||
| Q1 25 | $1.64 | $2.04 | ||
| Q4 24 | $2.39 | $1.33 | ||
| Q3 24 | $2.44 | $2.48 | ||
| Q2 24 | $2.30 | $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 | $321.9M | $3.7B |
| 总债务越低越好 | $886.6M | $10.9B |
| 股东权益账面价值 | $709.9M | $3.3B |
| 总资产 | $2.1B | $35.4B |
| 负债/权益比越低杠杆越低 | 1.25× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资IBPMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $321.9M | — | ||
| Q3 25 | $333.3M | — | ||
| Q2 25 | $305.2M | — | ||
| Q1 25 | $298.7M | — | ||
| Q4 24 | $327.6M | — | ||
| Q3 24 | $406.2M | — | ||
| Q2 24 | $380.3M | — |
总债务IBPMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $886.6M | $12.6B | ||
| Q3 25 | $880.8M | $12.6B | ||
| Q2 25 | $876.1M | $13.1B | ||
| Q1 25 | $872.4M | $13.5B | ||
| Q4 24 | $874.8M | $13.0B | ||
| Q3 24 | $872.3M | $13.2B | ||
| Q2 24 | $875.8M | $13.1B |
股东权益IBPMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $709.9M | $4.7B | ||
| Q3 25 | $678.6M | $4.6B | ||
| Q2 25 | $664.5M | $4.3B | ||
| Q1 25 | $660.9M | $4.5B | ||
| Q4 24 | $705.3M | $3.8B | ||
| Q3 24 | $716.4M | $4.6B | ||
| Q2 24 | $685.3M | $3.9B |
总资产IBPMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $2.1B | $37.7B | ||
| Q3 25 | $2.1B | $37.6B | ||
| Q2 25 | $2.0B | $38.0B | ||
| Q1 25 | $2.0B | $40.0B | ||
| Q4 24 | $2.1B | $39.9B | ||
| Q3 24 | $2.1B | $40.9B | ||
| Q2 24 | $2.0B | $43.4B |
负债/权益比IBPMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 1.25× | 2.68× | ||
| Q3 25 | 1.30× | 2.72× | ||
| Q2 25 | 1.32× | 3.06× | ||
| Q1 25 | 1.32× | 3.02× | ||
| Q4 24 | 1.24× | 3.40× | ||
| Q3 24 | 1.22× | 2.84× | ||
| Q2 24 | 1.28× | 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 | $64.9M | — |
| 自由现金流经营现金流 - 资本支出 | $49.3M | $2.0B |
| 自由现金流率自由现金流/营收 | 6.6% | 33.6% |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 0.85× | — |
| 过去12个月自由现金流最近4个季度 | $300.8M | $3.7B |
8季度趋势，按日历期对齐
经营现金流IBPMMM
| Q1 26 | — | — | ||
| Q4 25 | $64.9M | $1.6B | ||
| Q3 25 | $124.0M | $1.8B | ||
| Q2 25 | $90.4M | $-954.0M | ||
| Q1 25 | $92.1M | $-79.0M | ||
| Q4 24 | $74.8M | $1.8B | ||
| Q3 24 | $101.4M | $-1.8B | ||
| Q2 24 | $79.0M | $1.0B |
自由现金流IBPMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $49.3M | $1.3B | ||
| Q3 25 | $104.8M | $1.5B | ||
| Q2 25 | $74.8M | $-1.2B | ||
| Q1 25 | $71.9M | $-315.0M | ||
| Q4 24 | $52.9M | $1.5B | ||
| Q3 24 | $77.3M | $-2.0B | ||
| Q2 24 | $58.2M | $752.0M |
自由现金流率IBPMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 6.6% | 21.8% | ||
| Q3 25 | 13.5% | 23.6% | ||
| Q2 25 | 9.8% | -18.3% | ||
| Q1 25 | 10.5% | -5.3% | ||
| Q4 24 | 7.1% | 25.4% | ||
| Q3 24 | 10.2% | -32.3% | ||
| Q2 24 | 7.9% | 12.0% |
资本支出强度IBPMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | 4.0% | ||
| Q3 25 | 2.5% | 3.3% | ||
| Q2 25 | 2.1% | 3.3% | ||
| Q1 25 | 2.9% | 4.0% | ||
| Q4 24 | 2.9% | 4.8% | ||
| Q3 24 | 3.2% | 3.9% | ||
| Q2 24 | 2.8% | 4.3% |
现金转化率IBPMMM
| Q1 26 | — | — | ||
| Q4 25 | 0.85× | 2.74× | ||
| Q3 25 | 1.67× | 2.11× | ||
| Q2 25 | 1.31× | -1.32× | ||
| Q1 25 | 2.03× | -0.07× | ||
| Q4 24 | 1.12× | 2.50× | ||
| Q3 24 | 1.48× | -1.30× | ||
| Q2 24 | 1.21× | 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
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
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% |
