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LiveWire Group, Inc.（LVWR）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LiveWire Group, Inc.的531.0倍（$6.0B vs $11.4M）。3M净利率更高（10.8% vs -155.2%，领先166.0%）。LiveWire Group, Inc.同比增速更快（5.5% vs 1.3%）。3M自由现金流更多（$2.0B vs $-8.9M）。过去两年LiveWire Group, Inc.的营收复合增速更高（51.0% vs -1.8%）
LiveWire集团是美国的电动摩托车制造商，该品牌最初于2021年7月作为哈雷戴维森旗下专属电动出行部门推出，2022年9月27日通过与特殊目的收购公司合并完成分拆，从母公司独立后上市，是美国第一家上市的电动摩托车企业。
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。
LVWR vs MMM — 直观对比
营收规模更大
MMM
是对方的531.0倍
$11.4M
营收增速更快
LVWR
高出4.2%
1.3%
净利率更高
MMM
高出166.0%
-155.2%
自由现金流更多
MMM
多$2.0B
$-8.9M
两年增速更快
LVWR
近两年复合增速
-1.8%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $11.4M | $6.0B |
| 净利润 | $-17.6M | $653.0M |
| 毛利率 | 0.8% | 40.7% |
| 营业利润率 | -156.2% | 23.2% |
| 净利率 | -155.2% | 10.8% |
| 营收同比 | 5.5% | 1.3% |
| 净利润同比 | 22.6% | -41.5% |
| 每股收益（稀释后） | $-0.09 | $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LVWRMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $11.4M | $6.1B | ||
| Q3 25 | $5.7M | $6.5B | ||
| Q2 25 | $5.9M | $6.3B | ||
| Q1 25 | $2.7M | $6.0B | ||
| Q4 24 | $10.8M | $6.0B | ||
| Q3 24 | $4.4M | $6.3B | ||
| Q2 24 | $6.4M | $6.3B |
净利润LVWRMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $-17.6M | $577.0M | ||
| Q3 25 | $-19.4M | $834.0M | ||
| Q2 25 | $-18.8M | $723.0M | ||
| Q1 25 | $-19.3M | $1.1B | ||
| Q4 24 | $-22.8M | $728.0M | ||
| Q3 24 | $-22.7M | $1.4B | ||
| Q2 24 | $-24.8M | $1.1B |
毛利率LVWRMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 0.8% | 33.6% | ||
| Q3 25 | -50.9% | 41.8% | ||
| Q2 25 | 9.3% | 42.5% | ||
| Q1 25 | -79.0% | 41.6% | ||
| Q4 24 | -49.8% | 51.7% | ||
| Q3 24 | -34.2% | 42.1% | ||
| Q2 24 | -27.6% | 42.9% |
营业利润率LVWRMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -156.2% | 13.0% | ||
| Q3 25 | -330.0% | 22.2% | ||
| Q2 25 | -311.0% | 18.0% | ||
| Q1 25 | -753.4% | 20.9% | ||
| Q4 24 | -234.6% | 12.2% | ||
| Q3 24 | -596.7% | 20.9% | ||
| Q2 24 | -436.7% | 20.3% |
净利率LVWRMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | -155.2% | 9.4% | ||
| Q3 25 | -340.2% | 12.8% | ||
| Q2 25 | -320.6% | 11.4% | ||
| Q1 25 | -702.6% | 18.7% | ||
| Q4 24 | -211.7% | 12.1% | ||
| Q3 24 | -510.6% | 21.8% | ||
| Q2 24 | -384.6% | 18.3% |
每股收益（稀释后）LVWRMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-0.09 | $1.07 | ||
| Q3 25 | $-0.10 | $1.55 | ||
| Q2 25 | $-0.09 | $1.34 | ||
| Q1 25 | $-0.09 | $2.04 | ||
| Q4 24 | $-0.11 | $1.33 | ||
| Q3 24 | $-0.11 | $2.48 | ||
| Q2 24 | $-0.12 | $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 | $82.8M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $46.0M | $3.3B |
| 总资产 | $146.4M | $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LVWRMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $82.8M | — | ||
| Q3 25 | $16.3M | — | ||
| Q2 25 | $29.3M | — | ||
| Q1 25 | $46.2M | — | ||
| Q4 24 | $64.4M | — | ||
| Q3 24 | $88.4M | — | ||
| Q2 24 | $113.0M | — |
总债务LVWRMMM
| 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LVWRMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $46.0M | $4.7B | ||
| Q3 25 | $61.8M | $4.6B | ||
| Q2 25 | $79.7M | $4.3B | ||
| Q1 25 | $97.2M | $4.5B | ||
| Q4 24 | $115.1M | $3.8B | ||
| Q3 24 | $137.7M | $4.6B | ||
| Q2 24 | $159.0M | $3.9B |
总资产LVWRMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $146.4M | $37.7B | ||
| Q3 25 | $89.2M | $37.6B | ||
| Q2 25 | $109.8M | $38.0B | ||
| Q1 25 | $128.3M | $40.0B | ||
| Q4 24 | $148.0M | $39.9B | ||
| Q3 24 | $178.3M | $40.9B | ||
| Q2 24 | $204.9M | $43.4B |
负债/权益比LVWRMMM
| 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 | $-7.9M | — |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $2.0B |
| 自由现金流率自由现金流/营收 | -78.7% | 33.6% |
| 资本支出强度资本支出/营收 | 9.1% | — |
| 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 | $-57.4M | $3.7B |
8季度趋势，按日历期对齐
经营现金流LVWRMMM
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $1.6B | ||
| Q3 25 | $-13.3M | $1.8B | ||
| Q2 25 | $-14.9M | $-954.0M | ||
| Q1 25 | $-17.5M | $-79.0M | ||
| Q4 24 | $-21.9M | $1.8B | ||
| Q3 24 | $-23.1M | $-1.8B | ||
| Q2 24 | $-26.0M | $1.0B |
自由现金流LVWRMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $-8.9M | $1.3B | ||
| Q3 25 | $-14.0M | $1.5B | ||
| Q2 25 | $-16.3M | $-1.2B | ||
| Q1 25 | $-18.1M | $-315.0M | ||
| Q4 24 | $-23.3M | $1.5B | ||
| Q3 24 | $-24.7M | $-2.0B | ||
| Q2 24 | $-27.8M | $752.0M |
自由现金流率LVWRMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -78.7% | 21.8% | ||
| Q3 25 | -245.9% | 23.6% | ||
| Q2 25 | -277.7% | -18.3% | ||
| Q1 25 | -660.0% | -5.3% | ||
| Q4 24 | -216.3% | 25.4% | ||
| Q3 24 | -555.3% | -32.3% | ||
| Q2 24 | -431.1% | 12.0% |
资本支出强度LVWRMMM
| Q1 26 | — | — | ||
| Q4 25 | 9.1% | 4.0% | ||
| Q3 25 | 12.9% | 3.3% | ||
| Q2 25 | 24.3% | 3.3% | ||
| Q1 25 | 22.3% | 4.0% | ||
| Q4 24 | 13.1% | 4.8% | ||
| Q3 24 | 35.6% | 3.9% | ||
| Q2 24 | 28.5% | 4.3% |
现金转化率LVWRMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | — | -1.32× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 2.50× | ||
| Q3 24 | — | -1.30× | ||
| Q2 24 | — | 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
LVWR
暂无分部数据
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% |
