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3M（MMM）与MARINE PRODUCTS CORP（MPX）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MARINE PRODUCTS CORP的93.4倍（$6.0B vs $64.6M）。3M净利率更高（10.8% vs 3.7%，领先7.2%）。MARINE PRODUCTS CORP同比增速更快（35.0% vs 1.3%）。3M自由现金流更多（$2.0B vs $4.1M）。过去两年3M的营收复合增速更高（-1.8% vs -3.5%）
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。
Marine Products Corp旗下的West Marine是一家总部位于美国佛罗里达州劳德代尔堡的企业，在北美地区经营247家船艇用品及渔具零售连锁店，同时运营名为蓝色未来的非营利组织，品牌旗舰店面积超5万平方英尺，于2011年11月11日在劳德代尔堡正式开业。
MMM vs MPX — 直观对比
营收规模更大
MMM
是对方的93.4倍
$64.6M
营收增速更快
MPX
高出33.7%
1.3%
净利率更高
MMM
高出7.2%
3.7%
自由现金流更多
MMM
多$2.0B
$4.1M
两年增速更快
MMM
近两年复合增速
-3.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $64.6M |
| 净利润 | $653.0M | $2.4M |
| 毛利率 | 40.7% | 19.6% |
| 营业利润率 | 23.2% | 5.8% |
| 净利率 | 10.8% | 3.7% |
| 营收同比 | 1.3% | 35.0% |
| 净利润同比 | -41.5% | -44.6% |
| 每股收益（稀释后） | $1.23 | $0.07 |
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MMMMPX
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $64.6M | ||
| Q3 25 | $6.5B | $53.1M | ||
| Q2 25 | $6.3B | $67.7M | ||
| Q1 25 | $6.0B | $59.0M | ||
| Q4 24 | $6.0B | $47.8M | ||
| Q3 24 | $6.3B | $49.9M | ||
| Q2 24 | $6.3B | $69.5M |
净利润MMMMPX
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $2.4M | ||
| Q3 25 | $834.0M | $2.6M | ||
| Q2 25 | $723.0M | $4.2M | ||
| Q1 25 | $1.1B | $2.2M | ||
| Q4 24 | $728.0M | $4.3M | ||
| Q3 24 | $1.4B | $3.4M | ||
| Q2 24 | $1.1B | $5.6M |
毛利率MMMMPX
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 19.6% | ||
| Q3 25 | 41.8% | 19.2% | ||
| Q2 25 | 42.5% | 19.1% | ||
| Q1 25 | 41.6% | 18.6% | ||
| Q4 24 | 51.7% | 19.2% | ||
| Q3 24 | 42.1% | 18.4% | ||
| Q2 24 | 42.9% | 18.9% |
营业利润率MMMMPX
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 5.8% | ||
| Q3 25 | 22.2% | 5.4% | ||
| Q2 25 | 18.0% | 7.1% | ||
| Q1 25 | 20.9% | 4.4% | ||
| Q4 24 | 12.2% | 7.7% | ||
| Q3 24 | 20.9% | 7.2% | ||
| Q2 24 | 20.3% | 8.3% |
净利率MMMMPX
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 3.7% | ||
| Q3 25 | 12.8% | 5.0% | ||
| Q2 25 | 11.4% | 6.1% | ||
| Q1 25 | 18.7% | 3.7% | ||
| Q4 24 | 12.1% | 8.9% | ||
| Q3 24 | 21.8% | 6.8% | ||
| Q2 24 | 18.3% | 8.0% |
每股收益（稀释后）MMMMPX
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.07 | ||
| Q3 25 | $1.55 | $0.07 | ||
| Q2 25 | $1.34 | $0.12 | ||
| Q1 25 | $2.04 | $0.06 | ||
| Q4 24 | $1.33 | $0.13 | ||
| Q3 24 | $2.48 | $0.10 | ||
| Q2 24 | $2.07 | $0.14 |
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 | $3.7B | — |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $125.0M |
| 总资产 | $35.4B | $147.2M |
| 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MMMMPX
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务MMMMPX
| 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MMMMPX
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $125.0M | ||
| Q3 25 | $4.6B | $126.3M | ||
| Q2 25 | $4.3B | $127.2M | ||
| Q1 25 | $4.5B | $126.4M | ||
| Q4 24 | $3.8B | $129.0M | ||
| Q3 24 | $4.6B | $128.8M | ||
| Q2 24 | $3.9B | $129.3M |
总资产MMMMPX
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $147.2M | ||
| Q3 25 | $37.6B | $179.5M | ||
| Q2 25 | $38.0B | $173.2M | ||
| Q1 25 | $40.0B | $182.9M | ||
| Q4 24 | $39.9B | $171.2M | ||
| Q3 24 | $40.9B | $176.3M | ||
| Q2 24 | $43.4B | $175.7M |
负债/权益比MMMMPX
| 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 | — | $4.7M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $4.1M |
| 自由现金流率自由现金流/营收 | 33.6% | 6.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 2.00× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $14.9M |
8季度趋势，按日历期对齐
经营现金流MMMMPX
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $4.7M | ||
| Q3 25 | $1.8B | $2.6M | ||
| Q2 25 | $-954.0M | $-1.6M | ||
| Q1 25 | $-79.0M | $10.8M | ||
| Q4 24 | $1.8B | $4.6M | ||
| Q3 24 | $-1.8B | $5.1M | ||
| Q2 24 | $1.0B | $3.8M |
自由现金流MMMMPX
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $4.1M | ||
| Q3 25 | $1.5B | $2.1M | ||
| Q2 25 | $-1.2B | $-2.0M | ||
| Q1 25 | $-315.0M | $10.7M | ||
| Q4 24 | $1.5B | $3.6M | ||
| Q3 24 | $-2.0B | $3.2M | ||
| Q2 24 | $752.0M | $3.0M |
自由现金流率MMMMPX
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 6.4% | ||
| Q3 25 | 23.6% | 4.0% | ||
| Q2 25 | -18.3% | -3.0% | ||
| Q1 25 | -5.3% | 18.1% | ||
| Q4 24 | 25.4% | 7.6% | ||
| Q3 24 | -32.3% | 6.5% | ||
| Q2 24 | 12.0% | 4.4% |
资本支出强度MMMMPX
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.9% | ||
| Q3 25 | 3.3% | 0.8% | ||
| Q2 25 | 3.3% | 0.6% | ||
| Q1 25 | 4.0% | 0.2% | ||
| Q4 24 | 4.8% | 2.1% | ||
| Q3 24 | 3.9% | 3.8% | ||
| Q2 24 | 4.3% | 1.1% |
现金转化率MMMMPX
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 2.00× | ||
| Q3 25 | 2.11× | 0.97× | ||
| Q2 25 | -1.32× | -0.39× | ||
| Q1 25 | -0.07× | 4.88× | ||
| Q4 24 | 2.50× | 1.09× | ||
| Q3 24 | -1.30× | 1.51× | ||
| Q2 24 | 0.89× | 0.68× |
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
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
