vs
MALIBU BOATS, INC.（MBUU）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MALIBU BOATS, INC.的32.0倍（$6.0B vs $188.6M）。3M净利率更高（10.8% vs -1.3%，领先12.1%）。3M同比增速更快（1.3% vs -5.8%）。3M自由现金流更多（$2.0B vs $8.2M）。过去两年3M的营收复合增速更高（-1.8% vs -3.7%）
马里布游艇是美国休闲游艇制造商，1982年创立于加利福尼亚州默塞德，现总部位于田纳西州洛登，在澳大利亚新南威尔士州也设有生产基地。它是全球最大的水上运动拖船制造商，产品可供休闲使用，也应用于滑水、尾波滑板等各类赛事活动。
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。
MBUU vs MMM — 直观对比
营收规模更大
MMM
是对方的32.0倍
$188.6M
营收增速更快
MMM
高出7.1%
-5.8%
净利率更高
MMM
高出12.1%
-1.3%
自由现金流更多
MMM
多$2.0B
$8.2M
两年增速更快
MMM
近两年复合增速
-3.7%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $188.6M | $6.0B |
| 净利润 | $-2.5M | $653.0M |
| 毛利率 | 13.3% | 40.7% |
| 营业利润率 | -1.9% | 23.2% |
| 净利率 | -1.3% | 10.8% |
| 营收同比 | -5.8% | 1.3% |
| 净利润同比 | -204.2% | -41.5% |
| 每股收益（稀释后） | $-0.13 | $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MBUUMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | $188.6M | $6.1B | ||
| Q3 25 | $194.7M | $6.5B | ||
| Q2 25 | $207.0M | $6.3B | ||
| Q1 25 | $228.7M | $6.0B | ||
| Q4 24 | $200.3M | $6.0B | ||
| Q3 24 | $171.6M | $6.3B | ||
| Q2 24 | $158.7M | $6.3B |
净利润MBUUMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | $-2.5M | $577.0M | ||
| Q3 25 | $-702.0K | $834.0M | ||
| Q2 25 | $4.7M | $723.0M | ||
| Q1 25 | $12.9M | $1.1B | ||
| Q4 24 | $2.4M | $728.0M | ||
| Q3 24 | $-5.0M | $1.4B | ||
| Q2 24 | $-19.2M | $1.1B |
毛利率MBUUMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | 13.3% | 33.6% | ||
| Q3 25 | 14.3% | 41.8% | ||
| Q2 25 | 15.8% | 42.5% | ||
| Q1 25 | 20.0% | 41.6% | ||
| Q4 24 | 18.7% | 51.7% | ||
| Q3 24 | 16.4% | 42.1% | ||
| Q2 24 | 7.9% | 42.9% |
营业利润率MBUUMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | -1.9% | 13.0% | ||
| Q3 25 | -0.4% | 22.2% | ||
| Q2 25 | 3.3% | 18.0% | ||
| Q1 25 | 7.6% | 20.9% | ||
| Q4 24 | 1.6% | 12.2% | ||
| Q3 24 | -3.3% | 20.9% | ||
| Q2 24 | -15.4% | 20.3% |
净利率MBUUMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | -1.3% | 9.4% | ||
| Q3 25 | -0.4% | 12.8% | ||
| Q2 25 | 2.3% | 11.4% | ||
| Q1 25 | 5.6% | 18.7% | ||
| Q4 24 | 1.2% | 12.1% | ||
| Q3 24 | -2.9% | 21.8% | ||
| Q2 24 | -12.1% | 18.3% |
每股收益（稀释后）MBUUMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | $-0.13 | $1.07 | ||
| Q3 25 | $-0.04 | $1.55 | ||
| Q2 25 | $0.23 | $1.34 | ||
| Q1 25 | $0.66 | $2.04 | ||
| Q4 24 | $0.12 | $1.33 | ||
| Q3 24 | $-0.25 | $2.48 | ||
| Q2 24 | $-0.93 | $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 | $28.2M | $3.7B |
| 总债务越低越好 | $20.0M | $10.9B |
| 股东权益账面价值 | $495.0M | $3.3B |
| 总资产 | $715.7M | $35.4B |
| 负债/权益比越低杠杆越低 | 0.04× | 3.29× |
8季度趋势，按日历期对齐
现金及短期投资MBUUMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | $28.2M | — | ||
| Q3 25 | $44.1M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $35.1M | — | ||
| Q3 24 | $27.7M | — | ||
| Q2 24 | $26.9M | — |
总债务MBUUMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | $20.0M | $12.6B | ||
| Q3 25 | $23.0M | $12.6B | ||
| Q2 25 | $18.0M | $13.1B | ||
| Q1 25 | $28.0M | $13.5B | ||
| Q4 24 | $23.0M | $13.0B | ||
| Q3 24 | $28.0M | $13.2B | ||
| Q2 24 | $0 | $13.1B |
股东权益MBUUMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | $495.0M | $4.7B | ||
| Q3 25 | $516.4M | $4.6B | ||
| Q2 25 | $515.5M | $4.3B | ||
| Q1 25 | $513.0M | $4.5B | ||
| Q4 24 | $509.8M | $3.8B | ||
| Q3 24 | $517.7M | $4.6B | ||
| Q2 24 | $530.0M | $3.9B |
总资产MBUUMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | $715.7M | $37.7B | ||
| Q3 25 | $755.6M | $37.6B | ||
| Q2 25 | $734.6M | $38.0B | ||
| Q1 25 | $758.8M | $40.0B | ||
| Q4 24 | $738.7M | $39.9B | ||
| Q3 24 | $759.1M | $40.9B | ||
| Q2 24 | $739.6M | $43.4B |
负债/权益比MBUUMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | 0.04× | 2.68× | ||
| Q3 25 | 0.04× | 2.72× | ||
| Q2 25 | 0.03× | 3.06× | ||
| Q1 25 | 0.05× | 3.02× | ||
| Q4 24 | 0.05× | 3.40× | ||
| Q3 24 | 0.05× | 2.84× | ||
| Q2 24 | 0.00× | 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 | $12.6M | — |
| 自由现金流经营现金流 - 资本支出 | $8.2M | $2.0B |
| 自由现金流率自由现金流/营收 | 4.4% | 33.6% |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 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 | $33.3M | $3.7B |
8季度趋势，按日历期对齐
经营现金流MBUUMMM
| Q1 26 | — | — | ||
| Q4 25 | $12.6M | $1.6B | ||
| Q3 25 | $6.5M | $1.8B | ||
| Q2 25 | $21.0M | $-954.0M | ||
| Q1 25 | $15.5M | $-79.0M | ||
| Q4 24 | $28.4M | $1.8B | ||
| Q3 24 | $-8.4M | $-1.8B | ||
| Q2 24 | $16.3M | $1.0B |
自由现金流MBUUMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | $8.2M | $1.3B | ||
| Q3 25 | $2.2M | $1.5B | ||
| Q2 25 | $14.1M | $-1.2B | ||
| Q1 25 | $8.8M | $-315.0M | ||
| Q4 24 | $22.8M | $1.5B | ||
| Q3 24 | $-17.0M | $-2.0B | ||
| Q2 24 | $4.5M | $752.0M |
自由现金流率MBUUMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | 4.4% | 21.8% | ||
| Q3 25 | 1.1% | 23.6% | ||
| Q2 25 | 6.8% | -18.3% | ||
| Q1 25 | 3.8% | -5.3% | ||
| Q4 24 | 11.4% | 25.4% | ||
| Q3 24 | -9.9% | -32.3% | ||
| Q2 24 | 2.8% | 12.0% |
资本支出强度MBUUMMM
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 4.0% | ||
| Q3 25 | 2.2% | 3.3% | ||
| Q2 25 | 3.4% | 3.3% | ||
| Q1 25 | 2.9% | 4.0% | ||
| Q4 24 | 2.8% | 4.8% | ||
| Q3 24 | 5.0% | 3.9% | ||
| Q2 24 | 7.5% | 4.3% |
现金转化率MBUUMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | 4.50× | -1.32× | ||
| Q1 25 | 1.20× | -0.07× | ||
| Q4 24 | 12.02× | 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
MBUU
| Boatand Trailer Sales | $68.1M | 36% |
| Saltwater Fishing | $65.3M | 35% |
| Cobalt | $52.6M | 28% |
| Part And Other Sales | $2.6M | 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% |
