vs
3M（MMM）与Proto Labs Inc（PRLB）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Proto Labs Inc的44.2倍（$6.0B vs $136.5M）。Proto Labs Inc同比增速更快（12.1% vs 1.3%）。3M自由现金流更多（$2.0B vs $8.4M）。过去两年Proto Labs Inc的营收复合增速更高（3.3% 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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
MMM vs PRLB — 直观对比
营收规模更大
MMM
是对方的44.2倍
$136.5M
营收增速更快
PRLB
高出10.8%
1.3%
自由现金流更多
MMM
多$2.0B
$8.4M
两年增速更快
PRLB
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $136.5M |
| 净利润 | $653.0M | — |
| 毛利率 | 40.7% | 44.2% |
| 营业利润率 | 23.2% | 5.0% |
| 净利率 | 10.8% | — |
| 营收同比 | 1.3% | 12.1% |
| 净利润同比 | -41.5% | — |
| 每股收益（稀释后） | $1.23 | $0.25 |
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MMMPRLB
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $136.5M | ||
| Q3 25 | $6.5B | $135.4M | ||
| Q2 25 | $6.3B | $135.1M | ||
| Q1 25 | $6.0B | $126.2M | ||
| Q4 24 | $6.0B | $121.8M | ||
| Q3 24 | $6.3B | $125.6M | ||
| Q2 24 | $6.3B | $125.6M |
净利润MMMPRLB
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | — | ||
| Q3 25 | $834.0M | $7.2M | ||
| Q2 25 | $723.0M | $4.4M | ||
| Q1 25 | $1.1B | $3.6M | ||
| Q4 24 | $728.0M | — | ||
| Q3 24 | $1.4B | $7.2M | ||
| Q2 24 | $1.1B | $4.5M |
毛利率MMMPRLB
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 44.2% | ||
| Q3 25 | 41.8% | 45.3% | ||
| Q2 25 | 42.5% | 44.3% | ||
| Q1 25 | 41.6% | 44.1% | ||
| Q4 24 | 51.7% | 42.7% | ||
| Q3 24 | 42.1% | 45.6% | ||
| Q2 24 | 42.9% | 45.0% |
营业利润率MMMPRLB
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 5.0% | ||
| Q3 25 | 22.2% | 6.5% | ||
| Q2 25 | 18.0% | 3.7% | ||
| Q1 25 | 20.9% | 3.6% | ||
| Q4 24 | 12.2% | -1.2% | ||
| Q3 24 | 20.9% | 6.8% | ||
| Q2 24 | 20.3% | 4.8% |
净利率MMMPRLB
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | — | ||
| Q3 25 | 12.8% | 5.3% | ||
| Q2 25 | 11.4% | 3.3% | ||
| Q1 25 | 18.7% | 2.9% | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 21.8% | 5.7% | ||
| Q2 24 | 18.3% | 3.6% |
每股收益（稀释后）MMMPRLB
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.25 | ||
| Q3 25 | $1.55 | $0.30 | ||
| Q2 25 | $1.34 | $0.18 | ||
| Q1 25 | $2.04 | $0.15 | ||
| Q4 24 | $1.33 | $-0.01 | ||
| Q3 24 | $2.48 | $0.29 | ||
| 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 | $128.1M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $673.9M |
| 总资产 | $35.4B | $763.4M |
| 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MMMPRLB
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $128.1M | ||
| Q3 25 | — | $119.2M | ||
| Q2 25 | — | $103.2M | ||
| Q1 25 | — | $96.8M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $100.5M | ||
| Q2 24 | — | $112.9M |
总债务MMMPRLB
| 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MMMPRLB
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $673.9M | ||
| Q3 25 | $4.6B | $664.7M | ||
| Q2 25 | $4.3B | $664.7M | ||
| Q1 25 | $4.5B | $656.8M | ||
| Q4 24 | $3.8B | $670.2M | ||
| Q3 24 | $4.6B | $680.0M | ||
| Q2 24 | $3.9B | $685.2M |
总资产MMMPRLB
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $763.4M | ||
| Q3 25 | $37.6B | $756.9M | ||
| Q2 25 | $38.0B | $743.3M | ||
| Q1 25 | $40.0B | $737.5M | ||
| Q4 24 | $39.9B | $743.5M | ||
| Q3 24 | $40.9B | $753.8M | ||
| Q2 24 | $43.4B | $758.2M |
负债/权益比MMMPRLB
| 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 | — | $16.5M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $8.4M |
| 自由现金流率自由现金流/营收 | 33.6% | 6.2% |
| 资本支出强度资本支出/营收 | — | 5.9% |
| 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 | $3.7B | $59.7M |
8季度趋势，按日历期对齐
经营现金流MMMPRLB
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $16.5M | ||
| Q3 25 | $1.8B | $29.1M | ||
| Q2 25 | $-954.0M | $10.6M | ||
| Q1 25 | $-79.0M | $18.4M | ||
| Q4 24 | $1.8B | $17.3M | ||
| Q3 24 | $-1.8B | $24.8M | ||
| Q2 24 | $1.0B | $14.4M |
自由现金流MMMPRLB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $8.4M | ||
| Q3 25 | $1.5B | $25.0M | ||
| Q2 25 | $-1.2B | $9.1M | ||
| Q1 25 | $-315.0M | $17.1M | ||
| Q4 24 | $1.5B | $16.5M | ||
| Q3 24 | $-2.0B | $23.2M | ||
| Q2 24 | $752.0M | $10.2M |
自由现金流率MMMPRLB
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 6.2% | ||
| Q3 25 | 23.6% | 18.5% | ||
| Q2 25 | -18.3% | 6.7% | ||
| Q1 25 | -5.3% | 13.6% | ||
| Q4 24 | 25.4% | 13.5% | ||
| Q3 24 | -32.3% | 18.5% | ||
| Q2 24 | 12.0% | 8.2% |
资本支出强度MMMPRLB
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.9% | ||
| Q3 25 | 3.3% | 3.0% | ||
| Q2 25 | 3.3% | 1.1% | ||
| Q1 25 | 4.0% | 1.0% | ||
| Q4 24 | 4.8% | 0.7% | ||
| Q3 24 | 3.9% | 1.2% | ||
| Q2 24 | 4.3% | 3.3% |
现金转化率MMMPRLB
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.11× | 4.03× | ||
| Q2 25 | -1.32× | 2.39× | ||
| Q1 25 | -0.07× | 5.11× | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | -1.30× | 3.44× | ||
| Q2 24 | 0.89× | 3.18× |
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% |
PRLB
| CNC Machining Firstcut | $65.5M | 48% |
| Injection Molding Protomold | $47.6M | 35% |
| Three D Printing Fineline | $18.8M | 14% |
| Sheet Metal | $4.4M | 3% |
