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3M（MMM）与Primoris Services Corp（PRIM）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Primoris Services Corp的3.2倍（$6.0B vs $1.9B）。3M净利率更高（10.8% vs 2.8%，领先8.0%）。Primoris Services Corp同比增速更快（6.7% vs 1.3%）。3M自由现金流更多（$2.0B vs $121.1M）。过去两年Primoris Services Corp的营收复合增速更高（14.7% 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。
Primoris Services Corp是总部位于美国的上市专业基建与工程建设企业，核心业务覆盖天然气管道、污水管网及供水管道建设领域，2014年入选《财富》1000强榜单，在北美能源及民生基建领域拥有丰富的项目运营经验。
MMM vs PRIM — 直观对比
营收规模更大
MMM
是对方的3.2倍
$1.9B
营收增速更快
PRIM
高出5.4%
1.3%
净利率更高
MMM
高出8.0%
2.8%
自由现金流更多
MMM
多$1.9B
$121.1M
两年增速更快
PRIM
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $1.9B |
| 净利润 | $653.0M | $51.7M |
| 毛利率 | 40.7% | 9.4% |
| 营业利润率 | 23.2% | 4.2% |
| 净利率 | 10.8% | 2.8% |
| 营收同比 | 1.3% | 6.7% |
| 净利润同比 | -41.5% | -4.2% |
| 每股收益（稀释后） | $1.23 | $0.94 |
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MMMPRIM
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $1.9B | ||
| Q3 25 | $6.5B | $2.2B | ||
| Q2 25 | $6.3B | $1.9B | ||
| Q1 25 | $6.0B | $1.6B | ||
| Q4 24 | $6.0B | $1.7B | ||
| Q3 24 | $6.3B | $1.6B | ||
| Q2 24 | $6.3B | $1.6B |
净利润MMMPRIM
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $51.7M | ||
| Q3 25 | $834.0M | $94.6M | ||
| Q2 25 | $723.0M | $84.3M | ||
| Q1 25 | $1.1B | $44.2M | ||
| Q4 24 | $728.0M | $54.0M | ||
| Q3 24 | $1.4B | $58.4M | ||
| Q2 24 | $1.1B | $49.5M |
毛利率MMMPRIM
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 9.4% | ||
| Q3 25 | 41.8% | 10.8% | ||
| Q2 25 | 42.5% | 12.3% | ||
| Q1 25 | 41.6% | 10.4% | ||
| Q4 24 | 51.7% | 10.6% | ||
| Q3 24 | 42.1% | 12.0% | ||
| Q2 24 | 42.9% | 11.9% |
营业利润率MMMPRIM
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 4.2% | ||
| Q3 25 | 22.2% | 6.3% | ||
| Q2 25 | 18.0% | 6.7% | ||
| Q1 25 | 20.9% | 4.3% | ||
| Q4 24 | 12.2% | 5.0% | ||
| Q3 24 | 20.9% | 6.0% | ||
| Q2 24 | 20.3% | 5.5% |
净利率MMMPRIM
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 2.8% | ||
| Q3 25 | 12.8% | 4.3% | ||
| Q2 25 | 11.4% | 4.5% | ||
| Q1 25 | 18.7% | 2.7% | ||
| Q4 24 | 12.1% | 3.1% | ||
| Q3 24 | 21.8% | 3.5% | ||
| Q2 24 | 18.3% | 3.2% |
每股收益（稀释后）MMMPRIM
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.94 | ||
| Q3 25 | $1.55 | $1.73 | ||
| Q2 25 | $1.34 | $1.54 | ||
| Q1 25 | $2.04 | $0.81 | ||
| Q4 24 | $1.33 | $0.98 | ||
| 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 | $535.5M |
| 总债务越低越好 | $10.9B | $469.9M |
| 股东权益账面价值 | $3.3B | $1.7B |
| 总资产 | $35.4B | $4.4B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资MMMPRIM
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $535.5M | ||
| Q3 25 | — | $431.4M | ||
| Q2 25 | — | $390.3M | ||
| Q1 25 | — | $351.6M | ||
| Q4 24 | — | $455.8M | ||
| Q3 24 | — | $352.7M | ||
| Q2 24 | — | $207.4M |
总债务MMMPRIM
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $469.9M | ||
| Q3 25 | $12.6B | $486.0M | ||
| Q2 25 | $13.1B | $603.1M | ||
| Q1 25 | $13.5B | $612.0M | ||
| Q4 24 | $13.0B | $734.8M | ||
| Q3 24 | $13.2B | $903.7M | ||
| Q2 24 | $13.1B | $933.0M |
股东权益MMMPRIM
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $1.7B | ||
| Q3 25 | $4.6B | $1.6B | ||
| Q2 25 | $4.3B | $1.5B | ||
| Q1 25 | $4.5B | $1.4B | ||
| Q4 24 | $3.8B | $1.4B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | $3.9B | $1.3B |
总资产MMMPRIM
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $4.4B | ||
| Q3 25 | $37.6B | $4.6B | ||
| Q2 25 | $38.0B | $4.5B | ||
| Q1 25 | $40.0B | $4.2B | ||
| Q4 24 | $39.9B | $4.2B | ||
| Q3 24 | $40.9B | $4.2B | ||
| Q2 24 | $43.4B | $4.0B |
负债/权益比MMMPRIM
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.28× | ||
| Q3 25 | 2.72× | 0.30× | ||
| Q2 25 | 3.06× | 0.39× | ||
| Q1 25 | 3.02× | 0.42× | ||
| Q4 24 | 3.40× | 0.52× | ||
| Q3 24 | 2.84× | 0.67× | ||
| Q2 24 | 3.34× | 0.72× |
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 | — | $142.9M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $121.1M |
| 自由现金流率自由现金流/营收 | 33.6% | 6.5% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | — | 2.76× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $340.5M |
8季度趋势，按日历期对齐
经营现金流MMMPRIM
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $142.9M | ||
| Q3 25 | $1.8B | $182.9M | ||
| Q2 25 | $-954.0M | $78.5M | ||
| Q1 25 | $-79.0M | $66.2M | ||
| Q4 24 | $1.8B | $298.3M | ||
| Q3 24 | $-1.8B | $222.5M | ||
| Q2 24 | $1.0B | $16.1M |
自由现金流MMMPRIM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $121.1M | ||
| Q3 25 | $1.5B | $148.4M | ||
| Q2 25 | $-1.2B | $45.3M | ||
| Q1 25 | $-315.0M | $25.6M | ||
| Q4 24 | $1.5B | $270.0M | ||
| Q3 24 | $-2.0B | $158.8M | ||
| Q2 24 | $752.0M | $-8.1M |
自由现金流率MMMPRIM
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 6.5% | ||
| Q3 25 | 23.6% | 6.8% | ||
| Q2 25 | -18.3% | 2.4% | ||
| Q1 25 | -5.3% | 1.6% | ||
| Q4 24 | 25.4% | 15.5% | ||
| Q3 24 | -32.3% | 9.6% | ||
| Q2 24 | 12.0% | -0.5% |
资本支出强度MMMPRIM
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 1.2% | ||
| Q3 25 | 3.3% | 1.6% | ||
| Q2 25 | 3.3% | 1.8% | ||
| Q1 25 | 4.0% | 2.5% | ||
| Q4 24 | 4.8% | 1.6% | ||
| Q3 24 | 3.9% | 3.9% | ||
| Q2 24 | 4.3% | 1.5% |
现金转化率MMMPRIM
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 2.76× | ||
| Q3 25 | 2.11× | 1.93× | ||
| Q2 25 | -1.32× | 0.93× | ||
| Q1 25 | -0.07× | 1.50× | ||
| Q4 24 | 2.50× | 5.53× | ||
| Q3 24 | -1.30× | 3.81× | ||
| Q2 24 | 0.89× | 0.32× |
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% |
PRIM
| Energy Segment | $1.2B | 64% |
| Unit Price Contracts | $473.7M | 25% |
| Cost Reimbursable Contracts | $121.3M | 7% |
| Other | $74.9M | 4% |
