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KIRBY CORP（KEX）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KIRBY CORP的7.1倍（$6.0B vs $851.8M）。3M净利率更高（10.8% vs 10.8%，领先0.1%）。KIRBY CORP同比增速更快（6.2% vs 1.3%）。3M自由现金流更多（$2.0B vs $265.2M）。过去两年KIRBY CORP的营收复合增速更高（2.7% vs -1.8%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
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。
KEX vs MMM — 直观对比
营收规模更大
MMM
是对方的7.1倍
$851.8M
营收增速更快
KEX
高出4.9%
1.3%
净利率更高
MMM
高出0.1%
10.8%
自由现金流更多
MMM
多$1.8B
$265.2M
两年增速更快
KEX
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $6.0B |
| 净利润 | $91.8M | $653.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 15.2% | 23.2% |
| 净利率 | 10.8% | 10.8% |
| 营收同比 | 6.2% | 1.3% |
| 净利润同比 | 114.4% | -41.5% |
| 每股收益（稀释后） | $1.68 | $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KEXMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $851.8M | $6.1B | ||
| Q3 25 | $871.2M | $6.5B | ||
| Q2 25 | $855.5M | $6.3B | ||
| Q1 25 | $785.7M | $6.0B | ||
| Q4 24 | $802.3M | $6.0B | ||
| Q3 24 | $831.1M | $6.3B | ||
| Q2 24 | $824.4M | $6.3B |
净利润KEXMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $91.8M | $577.0M | ||
| Q3 25 | $92.5M | $834.0M | ||
| Q2 25 | $94.3M | $723.0M | ||
| Q1 25 | $76.0M | $1.1B | ||
| Q4 24 | $42.8M | $728.0M | ||
| Q3 24 | $90.0M | $1.4B | ||
| Q2 24 | $83.9M | $1.1B |
毛利率KEXMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 41.8% | ||
| Q2 25 | — | 42.5% | ||
| Q1 25 | — | 41.6% | ||
| Q4 24 | — | 51.7% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 42.9% |
营业利润率KEXMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 15.2% | 13.0% | ||
| Q3 25 | 14.8% | 22.2% | ||
| Q2 25 | 15.4% | 18.0% | ||
| Q1 25 | 13.4% | 20.9% | ||
| Q4 24 | 6.3% | 12.2% | ||
| Q3 24 | 15.3% | 20.9% | ||
| Q2 24 | 14.6% | 20.3% |
净利率KEXMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | 10.8% | 9.4% | ||
| Q3 25 | 10.6% | 12.8% | ||
| Q2 25 | 11.0% | 11.4% | ||
| Q1 25 | 9.7% | 18.7% | ||
| Q4 24 | 5.3% | 12.1% | ||
| Q3 24 | 10.8% | 21.8% | ||
| Q2 24 | 10.2% | 18.3% |
每股收益（稀释后）KEXMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $1.68 | $1.07 | ||
| Q3 25 | $1.65 | $1.55 | ||
| Q2 25 | $1.67 | $1.34 | ||
| Q1 25 | $1.33 | $2.04 | ||
| Q4 24 | $0.74 | $1.33 | ||
| Q3 24 | $1.55 | $2.48 | ||
| Q2 24 | $1.43 | $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 | $78.8M | $3.7B |
| 总债务越低越好 | $919.3M | $10.9B |
| 股东权益账面价值 | $3.4B | $3.3B |
| 总资产 | $6.0B | $35.4B |
| 负债/权益比越低杠杆越低 | 0.27× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资KEXMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $78.8M | — | ||
| Q3 25 | $47.0M | — | ||
| Q2 25 | $68.4M | — | ||
| Q1 25 | $51.1M | — | ||
| Q4 24 | $74.4M | — | ||
| Q3 24 | $67.1M | — | ||
| Q2 24 | $53.5M | — |
总债务KEXMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $919.3M | $12.6B | ||
| Q3 25 | $1.0B | $12.6B | ||
| Q2 25 | $1.1B | $13.1B | ||
| Q1 25 | $1.1B | $13.5B | ||
| Q4 24 | $874.9M | $13.0B | ||
| Q3 24 | $978.6M | $13.2B | ||
| Q2 24 | $1.0B | $13.1B |
股东权益KEXMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $3.4B | $4.7B | ||
| Q3 25 | $3.4B | $4.6B | ||
| Q2 25 | $3.4B | $4.3B | ||
| Q1 25 | $3.3B | $4.5B | ||
| Q4 24 | $3.4B | $3.8B | ||
| Q3 24 | $3.3B | $4.6B | ||
| Q2 24 | $3.3B | $3.9B |
总资产KEXMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $6.0B | $37.7B | ||
| Q3 25 | $6.1B | $37.6B | ||
| Q2 25 | $6.1B | $38.0B | ||
| Q1 25 | $6.0B | $40.0B | ||
| Q4 24 | $5.9B | $39.9B | ||
| Q3 24 | $5.9B | $40.9B | ||
| Q2 24 | $5.9B | $43.4B |
负债/权益比KEXMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.27× | 2.68× | ||
| Q3 25 | 0.31× | 2.72× | ||
| Q2 25 | 0.33× | 3.06× | ||
| Q1 25 | 0.33× | 3.02× | ||
| Q4 24 | 0.26× | 3.40× | ||
| Q3 24 | 0.30× | 2.84× | ||
| Q2 24 | 0.32× | 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 | $312.2M | — |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $2.0B |
| 自由现金流率自由现金流/营收 | 31.1% | 33.6% |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 3.40× | — |
| 过去12个月自由现金流最近4个季度 | $405.7M | $3.7B |
8季度趋势，按日历期对齐
经营现金流KEXMMM
| Q1 26 | — | — | ||
| Q4 25 | $312.2M | $1.6B | ||
| Q3 25 | $227.5M | $1.8B | ||
| Q2 25 | $93.9M | $-954.0M | ||
| Q1 25 | $36.5M | $-79.0M | ||
| Q4 24 | $247.4M | $1.8B | ||
| Q3 24 | $206.5M | $-1.8B | ||
| Q2 24 | $179.3M | $1.0B |
自由现金流KEXMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $265.2M | $1.3B | ||
| Q3 25 | $160.3M | $1.5B | ||
| Q2 25 | $22.4M | $-1.2B | ||
| Q1 25 | $-42.1M | $-315.0M | ||
| Q4 24 | $150.7M | $1.5B | ||
| Q3 24 | $130.1M | $-2.0B | ||
| Q2 24 | $90.8M | $752.0M |
自由现金流率KEXMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 31.1% | 21.8% | ||
| Q3 25 | 18.4% | 23.6% | ||
| Q2 25 | 2.6% | -18.3% | ||
| Q1 25 | -5.4% | -5.3% | ||
| Q4 24 | 18.8% | 25.4% | ||
| Q3 24 | 15.7% | -32.3% | ||
| Q2 24 | 11.0% | 12.0% |
资本支出强度KEXMMM
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 4.0% | ||
| Q3 25 | 7.7% | 3.3% | ||
| Q2 25 | 8.4% | 3.3% | ||
| Q1 25 | 10.0% | 4.0% | ||
| Q4 24 | 12.0% | 4.8% | ||
| Q3 24 | 9.2% | 3.9% | ||
| Q2 24 | 10.7% | 4.3% |
现金转化率KEXMMM
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | 2.74× | ||
| Q3 25 | 2.46× | 2.11× | ||
| Q2 25 | 1.00× | -1.32× | ||
| Q1 25 | 0.48× | -0.07× | ||
| Q4 24 | 5.78× | 2.50× | ||
| Q3 24 | 2.30× | -1.30× | ||
| Q2 24 | 2.14× | 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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 3% |
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% |
