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MIDDLEBY Corp（MIDD）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MIDDLEBY Corp的6.1倍（$6.0B vs $982.1M）。3M净利率更高（10.8% vs -52.2%，领先63.1%）。MIDDLEBY Corp同比增速更快（4.2% vs 1.3%）。3M自由现金流更多（$2.0B vs $156.1M）。过去两年MIDDLEBY Corp的营收复合增速更高（-1.3% vs -1.8%）
美国Middleby公司是总部位于伊利诺伊州埃尔金的上市企业，主营商用烹饪设备、工业加工设备及民用家电，其商用烹饪设备业务覆盖美国及全球前100家餐饮连锁品牌中的97家，是全球餐饮设备领域的领先供应商。
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。
MIDD vs MMM — 直观对比
营收规模更大
MMM
是对方的6.1倍
$982.1M
营收增速更快
MIDD
高出2.9%
1.3%
净利率更高
MMM
高出63.1%
-52.2%
自由现金流更多
MMM
多$1.9B
$156.1M
两年增速更快
MIDD
近两年复合增速
-1.8%
损益表 — Q3 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $982.1M | $6.0B |
| 净利润 | $-513.0M | $653.0M |
| 毛利率 | 36.8% | 40.7% |
| 营业利润率 | -56.4% | 23.2% |
| 净利率 | -52.2% | 10.8% |
| 营收同比 | 4.2% | 1.3% |
| 净利润同比 | -549.3% | -41.5% |
| 每股收益（稀释后） | $-10.15 | $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MIDDMMM
| Q1 26 | — | $6.0B | ||
| Q4 25 | — | $6.1B | ||
| Q3 25 | $982.1M | $6.5B | ||
| Q2 25 | $977.9M | $6.3B | ||
| Q1 25 | $906.6M | $6.0B | ||
| Q4 24 | $1.0B | $6.0B | ||
| Q3 24 | $942.8M | $6.3B | ||
| Q2 24 | $991.5M | $6.3B |
净利润MIDDMMM
| Q1 26 | — | $653.0M | ||
| Q4 25 | — | $577.0M | ||
| Q3 25 | $-513.0M | $834.0M | ||
| Q2 25 | $106.0M | $723.0M | ||
| Q1 25 | $92.4M | $1.1B | ||
| Q4 24 | $112.3M | $728.0M | ||
| Q3 24 | $114.2M | $1.4B | ||
| Q2 24 | $115.4M | $1.1B |
毛利率MIDDMMM
| Q1 26 | — | 40.7% | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | 36.8% | 41.8% | ||
| Q2 25 | 38.0% | 42.5% | ||
| Q1 25 | 38.2% | 41.6% | ||
| Q4 24 | 38.4% | 51.7% | ||
| Q3 24 | 37.7% | 42.1% | ||
| Q2 24 | 38.3% | 42.9% |
营业利润率MIDDMMM
| Q1 26 | — | 23.2% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | -56.4% | 22.2% | ||
| Q2 25 | 15.9% | 18.0% | ||
| Q1 25 | 15.5% | 20.9% | ||
| Q4 24 | 16.8% | 12.2% | ||
| Q3 24 | 18.4% | 20.9% | ||
| Q2 24 | 17.7% | 20.3% |
净利率MIDDMMM
| Q1 26 | — | 10.8% | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | -52.2% | 12.8% | ||
| Q2 25 | 10.8% | 11.4% | ||
| Q1 25 | 10.2% | 18.7% | ||
| Q4 24 | 11.1% | 12.1% | ||
| Q3 24 | 12.1% | 21.8% | ||
| Q2 24 | 11.6% | 18.3% |
每股收益（稀释后）MIDDMMM
| Q1 26 | — | $1.23 | ||
| Q4 25 | — | $1.07 | ||
| Q3 25 | $-10.15 | $1.55 | ||
| Q2 25 | $1.99 | $1.34 | ||
| Q1 25 | $1.69 | $2.04 | ||
| Q4 24 | $2.07 | $1.33 | ||
| Q3 24 | $2.11 | $2.48 | ||
| Q2 24 | $2.13 | $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 | $175.1M | $3.7B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $2.9B | $3.3B |
| 总资产 | $6.4B | $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MIDDMMM
| Q1 26 | — | $3.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | $175.1M | — | ||
| Q2 25 | $511.5M | — | ||
| Q1 25 | $745.1M | — | ||
| Q4 24 | $689.5M | — | ||
| Q3 24 | $606.0M | — | ||
| Q2 24 | $459.5M | — |
总债务MIDDMMM
| Q1 26 | — | $10.9B | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | — | $12.6B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.5B | ||
| Q4 24 | $2.4B | $13.0B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | $13.1B |
股东权益MIDDMMM
| Q1 26 | — | $3.3B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | $2.9B | $4.6B | ||
| Q2 25 | $3.6B | $4.3B | ||
| Q1 25 | $3.7B | $4.5B | ||
| Q4 24 | $3.6B | $3.8B | ||
| Q3 24 | $3.6B | $4.6B | ||
| Q2 24 | $3.4B | $3.9B |
总资产MIDDMMM
| Q1 26 | — | $35.4B | ||
| Q4 25 | — | $37.7B | ||
| Q3 25 | $6.4B | $37.6B | ||
| Q2 25 | $7.3B | $38.0B | ||
| Q1 25 | $7.4B | $40.0B | ||
| Q4 24 | $7.3B | $39.9B | ||
| Q3 24 | $7.2B | $40.9B | ||
| Q2 24 | $7.0B | $43.4B |
负债/权益比MIDDMMM
| Q1 26 | — | 3.29× | ||
| Q4 25 | — | 2.68× | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | 0.66× | 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 | $176.3M | — |
| 自由现金流经营现金流 - 资本支出 | $156.1M | $2.0B |
| 自由现金流率自由现金流/营收 | 15.9% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $591.2M | $3.7B |
8季度趋势，按日历期对齐
经营现金流MIDDMMM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $176.3M | $1.8B | ||
| Q2 25 | $122.0M | $-954.0M | ||
| Q1 25 | $141.1M | $-79.0M | ||
| Q4 24 | $239.7M | $1.8B | ||
| Q3 24 | $156.7M | $-1.8B | ||
| Q2 24 | $149.5M | $1.0B |
自由现金流MIDDMMM
| Q1 26 | — | $2.0B | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $156.1M | $1.5B | ||
| Q2 25 | $101.1M | $-1.2B | ||
| Q1 25 | $107.4M | $-315.0M | ||
| Q4 24 | $226.6M | $1.5B | ||
| Q3 24 | $145.2M | $-2.0B | ||
| Q2 24 | $138.6M | $752.0M |
自由现金流率MIDDMMM
| Q1 26 | — | 33.6% | ||
| Q4 25 | — | 21.8% | ||
| Q3 25 | 15.9% | 23.6% | ||
| Q2 25 | 10.3% | -18.3% | ||
| Q1 25 | 11.8% | -5.3% | ||
| Q4 24 | 22.3% | 25.4% | ||
| Q3 24 | 15.4% | -32.3% | ||
| Q2 24 | 14.0% | 12.0% |
资本支出强度MIDDMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | 2.1% | 3.3% | ||
| Q2 25 | 2.1% | 3.3% | ||
| Q1 25 | 3.7% | 4.0% | ||
| Q4 24 | 1.3% | 4.8% | ||
| Q3 24 | 1.2% | 3.9% | ||
| Q2 24 | 1.1% | 4.3% |
现金转化率MIDDMMM
| Q1 26 | — | — | ||
| Q4 25 | — | 2.74× | ||
| Q3 25 | — | 2.11× | ||
| Q2 25 | 1.15× | -1.32× | ||
| Q1 25 | 1.53× | -0.07× | ||
| Q4 24 | 2.13× | 2.50× | ||
| Q3 24 | 1.37× | -1.30× | ||
| Q2 24 | 1.30× | 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
MIDD
| Commercial Foodservice Equipment Group | $433.7M | 44% |
| Other | $316.8M | 32% |
| Food Processing Group | $120.8M | 12% |
| Residential Kitchen | $110.8M | 11% |
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% |
