vs
3M（MMM）与Optex Systems Holdings Inc（OPXS）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Optex Systems Holdings Inc的659.4倍（$6.0B vs $9.1M）。3M净利率更高（10.8% vs 2.6%，领先8.2%）。Optex Systems Holdings Inc同比增速更快（11.6% vs 1.3%）。3M自由现金流更多（$2.0B vs $-548.0K）。过去两年Optex Systems Holdings Inc的营收复合增速更高（3.6% 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。
Optex Systems Holdings Inc.是一家专业光学光电产品制造商，主营高性能军用瞄准系统、激光防护方案、精密光学组件等产品，主要服务于国防、航空航天及工业制造领域，客户遍布全球多个国家和地区。
MMM vs OPXS — 直观对比
营收规模更大
MMM
是对方的659.4倍
$9.1M
营收增速更快
OPXS
高出10.3%
1.3%
净利率更高
MMM
高出8.2%
2.6%
自由现金流更多
MMM
多$2.0B
$-548.0K
两年增速更快
OPXS
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $9.1M |
| 净利润 | $653.0M | $242.0K |
| 毛利率 | 40.7% | 22.9% |
| 营业利润率 | 23.2% | 1.6% |
| 净利率 | 10.8% | 2.6% |
| 营收同比 | 1.3% | 11.6% |
| 净利润同比 | -41.5% | -71.3% |
| 每股收益（稀释后） | $1.23 | $0.03 |
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MMMOPXS
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $9.1M | ||
| Q3 25 | $6.5B | $11.3M | ||
| Q2 25 | $6.3B | $11.1M | ||
| Q1 25 | $6.0B | $10.7M | ||
| Q4 24 | $6.0B | $8.2M | ||
| Q3 24 | $6.3B | $9.4M | ||
| Q2 24 | $6.3B | $9.1M |
净利润MMMOPXS
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $242.0K | ||
| Q3 25 | $834.0M | $1.0M | ||
| Q2 25 | $723.0M | $1.5M | ||
| Q1 25 | $1.1B | $1.8M | ||
| Q4 24 | $728.0M | $844.0K | ||
| Q3 24 | $1.4B | $1.0M | ||
| Q2 24 | $1.1B | $1.3M |
毛利率MMMOPXS
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 22.9% | ||
| Q3 25 | 41.8% | 30.1% | ||
| Q2 25 | 42.5% | 28.5% | ||
| Q1 25 | 41.6% | 31.3% | ||
| Q4 24 | 51.7% | 26.0% | ||
| Q3 24 | 42.1% | 25.5% | ||
| Q2 24 | 42.9% | 31.8% |
营业利润率MMMOPXS
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 1.6% | ||
| Q3 25 | 22.2% | 18.3% | ||
| Q2 25 | 18.0% | 17.2% | ||
| Q1 25 | 20.9% | 20.8% | ||
| Q4 24 | 12.2% | 11.2% | ||
| Q3 24 | 20.9% | 13.7% | ||
| Q2 24 | 20.3% | 17.8% |
净利率MMMOPXS
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 2.6% | ||
| Q3 25 | 12.8% | 9.1% | ||
| Q2 25 | 11.4% | 13.6% | ||
| Q1 25 | 18.7% | 16.5% | ||
| Q4 24 | 12.1% | 10.3% | ||
| Q3 24 | 21.8% | 10.7% | ||
| Q2 24 | 18.3% | 13.9% |
每股收益（稀释后）MMMOPXS
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.03 | ||
| Q3 25 | $1.55 | $0.14 | ||
| Q2 25 | $1.34 | $0.22 | ||
| Q1 25 | $2.04 | $0.26 | ||
| Q4 24 | $1.33 | $0.12 | ||
| Q3 24 | $2.48 | $0.15 | ||
| Q2 24 | $2.07 | $0.18 |
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 | $5.8M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $24.7M |
| 总资产 | $35.4B | $30.2M |
| 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MMMOPXS
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $5.8M | ||
| Q3 25 | — | $6.4M | ||
| Q2 25 | — | $4.9M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $1.0M | ||
| Q2 24 | — | $486.0K |
总债务MMMOPXS
| 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MMMOPXS
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $24.7M | ||
| Q3 25 | $4.6B | $24.3M | ||
| Q2 25 | $4.3B | $23.1M | ||
| Q1 25 | $4.5B | $21.6M | ||
| Q4 24 | $3.8B | $19.7M | ||
| Q3 24 | $4.6B | $18.8M | ||
| Q2 24 | $3.9B | $17.7M |
总资产MMMOPXS
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $30.2M | ||
| Q3 25 | $37.6B | $30.1M | ||
| Q2 25 | $38.0B | $29.2M | ||
| Q1 25 | $40.0B | $27.5M | ||
| Q4 24 | $39.9B | $24.8M | ||
| Q3 24 | $40.9B | $25.5M | ||
| Q2 24 | $43.4B | $24.9M |
负债/权益比MMMOPXS
| 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 | — | $-92.0K |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $-548.0K |
| 自由现金流率自由现金流/营收 | 33.6% | -6.0% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | -0.38× |
| 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MMMOPXS
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-92.0K | ||
| Q3 25 | $1.8B | $1.6M | ||
| Q2 25 | $-954.0M | $1.4M | ||
| Q1 25 | $-79.0M | $1.2M | ||
| Q4 24 | $1.8B | $2.8M | ||
| Q3 24 | $-1.8B | $753.0K | ||
| Q2 24 | $1.0B | $50.0K |
自由现金流MMMOPXS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $-548.0K | ||
| Q3 25 | $1.5B | $1.5M | ||
| Q2 25 | $-1.2B | — | ||
| Q1 25 | $-315.0M | $1.1M | ||
| Q4 24 | $1.5B | $2.5M | ||
| Q3 24 | $-2.0B | $545.0K | ||
| Q2 24 | $752.0M | $-256.0K |
自由现金流率MMMOPXS
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | -6.0% | ||
| Q3 25 | 23.6% | 13.5% | ||
| Q2 25 | -18.3% | — | ||
| Q1 25 | -5.3% | 9.8% | ||
| Q4 24 | 25.4% | 30.3% | ||
| Q3 24 | -32.3% | 5.8% | ||
| Q2 24 | 12.0% | -2.8% |
资本支出强度MMMOPXS
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.0% | ||
| Q3 25 | 3.3% | 0.4% | ||
| Q2 25 | 3.3% | 0.0% | ||
| Q1 25 | 4.0% | 1.2% | ||
| Q4 24 | 4.8% | 3.9% | ||
| Q3 24 | 3.9% | 2.2% | ||
| Q2 24 | 4.3% | 3.4% |
现金转化率MMMOPXS
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | -0.38× | ||
| Q3 25 | 2.11× | 1.52× | ||
| Q2 25 | -1.32× | 0.92× | ||
| Q1 25 | -0.07× | 0.67× | ||
| Q4 24 | 2.50× | 3.32× | ||
| Q3 24 | -1.30× | 0.74× | ||
| Q2 24 | 0.89× | 0.04× |
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% |
OPXS
| Optex Systems OPX Richardson Texas | $5.3M | 58% |
| Applied Optics Center AOC Dallas | $4.0M | 44% |
