vs
3M（MMM）与MATERION Corp（MTRN）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MATERION Corp的12.3倍（$6.0B vs $489.8M）。3M净利率更高（10.8% vs 1.3%，领先9.5%）。MATERION Corp同比增速更快（12.1% vs 1.3%）。过去两年MATERION Corp的营收复合增速更高（12.7% vs -1.8%）
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。
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
MMM vs MTRN — 直观对比
营收规模更大
MMM
是对方的12.3倍
$489.8M
营收增速更快
MTRN
高出10.8%
1.3%
净利率更高
MMM
高出9.5%
1.3%
两年增速更快
MTRN
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $489.8M |
| 净利润 | $653.0M | $6.6M |
| 毛利率 | 40.7% | 13.0% |
| 营业利润率 | 23.2% | 2.2% |
| 净利率 | 10.8% | 1.3% |
| 营收同比 | 1.3% | 12.1% |
| 净利润同比 | -41.5% | 113.5% |
| 每股收益（稀释后） | $1.23 | $0.30 |
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MMMMTRN
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $489.8M | ||
| Q3 25 | $6.5B | $444.8M | ||
| Q2 25 | $6.3B | $431.7M | ||
| Q1 25 | $6.0B | $420.3M | ||
| Q4 24 | $6.0B | $436.9M | ||
| Q3 24 | $6.3B | $436.7M | ||
| Q2 24 | $6.3B | $425.9M |
净利润MMMMTRN
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $6.6M | ||
| Q3 25 | $834.0M | $25.4M | ||
| Q2 25 | $723.0M | $25.1M | ||
| Q1 25 | $1.1B | $17.7M | ||
| Q4 24 | $728.0M | $-48.9M | ||
| Q3 24 | $1.4B | $22.3M | ||
| Q2 24 | $1.1B | $19.0M |
毛利率MMMMTRN
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 13.0% | ||
| Q3 25 | 41.8% | 19.4% | ||
| Q2 25 | 42.5% | 19.1% | ||
| Q1 25 | 41.6% | 18.1% | ||
| Q4 24 | 51.7% | 21.3% | ||
| Q3 24 | 42.1% | 18.5% | ||
| Q2 24 | 42.9% | 19.0% |
营业利润率MMMMTRN
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 2.2% | ||
| Q3 25 | 22.2% | 7.9% | ||
| Q2 25 | 18.0% | 8.5% | ||
| Q1 25 | 20.9% | 6.5% | ||
| Q4 24 | 12.2% | -8.8% | ||
| Q3 24 | 20.9% | 7.2% | ||
| Q2 24 | 20.3% | 7.5% |
净利率MMMMTRN
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 1.3% | ||
| Q3 25 | 12.8% | 5.7% | ||
| Q2 25 | 11.4% | 5.8% | ||
| Q1 25 | 18.7% | 4.2% | ||
| Q4 24 | 12.1% | -11.2% | ||
| Q3 24 | 21.8% | 5.1% | ||
| Q2 24 | 18.3% | 4.5% |
每股收益（稀释后）MMMMTRN
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.30 | ||
| Q3 25 | $1.55 | $1.22 | ||
| Q2 25 | $1.34 | $1.21 | ||
| Q1 25 | $2.04 | $0.85 | ||
| Q4 24 | $1.33 | $-2.34 | ||
| Q3 24 | $2.48 | $1.07 | ||
| Q2 24 | $2.07 | $0.91 |
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 | $13.7M |
| 总债务越低越好 | $10.9B | $460.6M |
| 股东权益账面价值 | $3.3B | $943.3M |
| 总资产 | $35.4B | $1.8B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资MMMMTRN
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $12.6M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | — | $17.9M | ||
| Q2 24 | — | $17.1M |
总债务MMMMTRN
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $460.6M | ||
| Q3 25 | $12.6B | $458.9M | ||
| Q2 25 | $13.1B | $427.6M | ||
| Q1 25 | $13.5B | $453.0M | ||
| Q4 24 | $13.0B | $443.9M | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $13.1B | — |
股东权益MMMMTRN
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $943.3M | ||
| Q3 25 | $4.6B | $934.6M | ||
| Q2 25 | $4.3B | $910.6M | ||
| Q1 25 | $4.5B | $887.9M | ||
| Q4 24 | $3.8B | $868.9M | ||
| Q3 24 | $4.6B | $931.9M | ||
| Q2 24 | $3.9B | $907.1M |
总资产MMMMTRN
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $1.8B | ||
| Q3 25 | $37.6B | $1.8B | ||
| Q2 25 | $38.0B | $1.7B | ||
| Q1 25 | $40.0B | $1.8B | ||
| Q4 24 | $39.9B | $1.7B | ||
| Q3 24 | $40.9B | $1.9B | ||
| Q2 24 | $43.4B | $1.8B |
负债/权益比MMMMTRN
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.49× | ||
| Q3 25 | 2.72× | 0.49× | ||
| Q2 25 | 3.06× | 0.47× | ||
| Q1 25 | 3.02× | 0.51× | ||
| Q4 24 | 3.40× | 0.51× | ||
| 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 | — | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 33.6% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.97× |
| 过去12个月自由现金流最近4个季度 | $3.7B | — |
8季度趋势，按日历期对齐
经营现金流MMMMTRN
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $19.5M | ||
| Q3 25 | $1.8B | $18.3M | ||
| Q2 25 | $-954.0M | $49.9M | ||
| Q1 25 | $-79.0M | $15.5M | ||
| Q4 24 | $1.8B | $76.3M | ||
| Q3 24 | $-1.8B | $5.1M | ||
| Q2 24 | $1.0B | $20.3M |
自由现金流MMMMTRN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $-1.2B | — | ||
| Q1 25 | $-315.0M | $3.2M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $-2.0B | $-24.3M | ||
| Q2 24 | $752.0M | — |
自由现金流率MMMMTRN
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | -18.3% | — | ||
| Q1 25 | -5.3% | 0.8% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | -32.3% | -5.6% | ||
| Q2 24 | 12.0% | — |
资本支出强度MMMMTRN
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 4.0% | 2.9% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 3.9% | 6.7% | ||
| Q2 24 | 4.3% | — |
现金转化率MMMMTRN
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 2.97× | ||
| Q3 25 | 2.11× | 0.72× | ||
| Q2 25 | -1.32× | 1.99× | ||
| Q1 25 | -0.07× | 0.88× | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | -1.30× | 0.23× | ||
| Q2 24 | 0.89× | 1.07× |
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% |
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
