vs
3M（MMM）与昆腾（QMCO）财务数据对比。点击上方公司名可切换其他公司
3M的季度营收约是昆腾的80.8倍（$6.0B vs $74.6M）。3M净利率更高（10.8% vs -37.3%，领先48.2%）。昆腾同比增速更快（2.8% vs 1.3%）。3M自由现金流更多（$2.0B vs $-5.6M）。过去两年昆腾的营收复合增速更高（2.1% 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。
昆腾公司是一家专注数据存储、管理与保护的科技企业，为全生命周期的视频及非结构化数据提供存储、管理、归档与保护技术服务，客户覆盖各行各业的企业、媒体娱乐公司、政府机构、数据企业以及生命科学机构。公司总部位于加利福尼亚州圣何塞，在全球多地设有分支机构。
MMM vs QMCO — 直观对比
营收规模更大
MMM
是对方的80.8倍
$74.6M
营收增速更快
QMCO
高出1.5%
1.3%
净利率更高
MMM
高出48.2%
-37.3%
自由现金流更多
MMM
多$2.0B
$-5.6M
两年增速更快
QMCO
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $74.6M |
| 净利润 | $653.0M | $-27.8M |
| 毛利率 | 40.7% | 38.8% |
| 营业利润率 | 23.2% | -1.6% |
| 净利率 | 10.8% | -37.3% |
| 营收同比 | 1.3% | 2.8% |
| 净利润同比 | -41.5% | 61.0% |
| 每股收益（稀释后） | $1.23 | $-2.03 |
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MMMQMCO
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $74.6M | ||
| Q3 25 | $6.5B | $62.7M | ||
| Q2 25 | $6.3B | $64.3M | ||
| Q1 25 | $6.0B | $61.3M | ||
| Q4 24 | $6.0B | $68.7M | ||
| Q3 24 | $6.3B | $71.8M | ||
| Q2 24 | $6.3B | $72.3M |
净利润MMMQMCO
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-27.8M | ||
| Q3 25 | $834.0M | $-46.5M | ||
| Q2 25 | $723.0M | $-17.2M | ||
| Q1 25 | $1.1B | $-7.7M | ||
| Q4 24 | $728.0M | $-75.3M | ||
| Q3 24 | $1.4B | $-12.2M | ||
| Q2 24 | $1.1B | $-19.9M |
毛利率MMMQMCO
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 38.8% | ||
| Q3 25 | 41.8% | 37.6% | ||
| Q2 25 | 42.5% | 35.3% | ||
| Q1 25 | 41.6% | 39.6% | ||
| Q4 24 | 51.7% | 40.6% | ||
| Q3 24 | 42.1% | 42.7% | ||
| Q2 24 | 42.9% | 37.4% |
营业利润率MMMQMCO
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | -1.6% | ||
| Q3 25 | 22.2% | -13.0% | ||
| Q2 25 | 18.0% | -19.6% | ||
| Q1 25 | 20.9% | -18.9% | ||
| Q4 24 | 12.2% | -11.3% | ||
| Q3 24 | 20.9% | -7.7% | ||
| Q2 24 | 20.3% | -23.3% |
净利率MMMQMCO
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -37.3% | ||
| Q3 25 | 12.8% | -74.1% | ||
| Q2 25 | 11.4% | -26.8% | ||
| Q1 25 | 18.7% | -12.6% | ||
| Q4 24 | 12.1% | -109.6% | ||
| Q3 24 | 21.8% | -16.9% | ||
| Q2 24 | 18.3% | -27.5% |
每股收益（稀释后）MMMQMCO
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-2.03 | ||
| Q3 25 | $1.55 | $-3.49 | ||
| Q2 25 | $1.34 | $-1.87 | ||
| Q1 25 | $2.04 | $-0.31 | ||
| Q4 24 | $1.33 | $-15.35 | ||
| Q3 24 | $2.48 | $-2.54 | ||
| Q2 24 | $2.07 | $-4.15 |
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 | $13.2M |
| 总债务越低越好 | $10.9B | $75.9M |
| 股东权益账面价值 | $3.3B | $-184.2M |
| 总资产 | $35.4B | $149.3M |
| 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MMMQMCO
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $13.2M | ||
| Q3 25 | — | $14.7M | ||
| Q2 25 | — | $37.4M | ||
| Q1 25 | — | $16.5M | ||
| Q4 24 | — | $20.4M | ||
| Q3 24 | — | $16.7M | ||
| Q2 24 | — | $17.3M |
总债务MMMQMCO
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $75.9M | ||
| Q3 25 | $12.6B | $0 | ||
| Q2 25 | $13.1B | $0 | ||
| Q1 25 | $13.5B | $0 | ||
| Q4 24 | $13.0B | $0 | ||
| Q3 24 | $13.2B | $123.0M | ||
| Q2 24 | $13.1B | $100.9M |
股东权益MMMQMCO
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $-184.2M | ||
| Q3 25 | $4.6B | $-160.5M | ||
| Q2 25 | $4.3B | $-114.4M | ||
| Q1 25 | $4.5B | $-164.4M | ||
| Q4 24 | $3.8B | $-196.6M | ||
| Q3 24 | $4.6B | $-151.1M | ||
| Q2 24 | $3.9B | $-140.3M |
总资产MMMQMCO
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $149.3M | ||
| Q3 25 | $37.6B | $137.7M | ||
| Q2 25 | $38.0B | $169.2M | ||
| Q1 25 | $40.0B | $155.4M | ||
| Q4 24 | $39.9B | $168.1M | ||
| Q3 24 | $40.9B | $163.1M | ||
| Q2 24 | $43.4B | $173.1M |
负债/权益比MMMQMCO
| 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 | — | $-4.9M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $-5.6M |
| 自由现金流率自由现金流/营收 | 33.6% | -7.5% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $3.7B | $-43.6M |
8季度趋势，按日历期对齐
经营现金流MMMQMCO
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-4.9M | ||
| Q3 25 | $1.8B | $-15.6M | ||
| Q2 25 | $-954.0M | $-16.9M | ||
| Q1 25 | $-79.0M | $-3.3M | ||
| Q4 24 | $1.8B | $-3.2M | ||
| Q3 24 | $-1.8B | $-15.3M | ||
| Q2 24 | $1.0B | $-1.9M |
自由现金流MMMQMCO
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $-5.6M | ||
| Q3 25 | $1.5B | $-16.0M | ||
| Q2 25 | $-1.2B | $-18.1M | ||
| Q1 25 | $-315.0M | $-3.9M | ||
| Q4 24 | $1.5B | $-4.2M | ||
| Q3 24 | $-2.0B | $-16.9M | ||
| Q2 24 | $752.0M | $-3.5M |
自由现金流率MMMQMCO
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | -7.5% | ||
| Q3 25 | 23.6% | -25.5% | ||
| Q2 25 | -18.3% | -28.1% | ||
| Q1 25 | -5.3% | -6.4% | ||
| Q4 24 | 25.4% | -6.2% | ||
| Q3 24 | -32.3% | -23.5% | ||
| Q2 24 | 12.0% | -4.9% |
资本支出强度MMMQMCO
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.9% | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 3.3% | 1.9% | ||
| Q1 25 | 4.0% | 1.0% | ||
| Q4 24 | 4.8% | 1.6% | ||
| Q3 24 | 3.9% | 2.2% | ||
| Q2 24 | 4.3% | 2.2% |
现金转化率MMMQMCO
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | -1.32× | — | ||
| Q1 25 | -0.07× | — | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | -1.30× | — | ||
| Q2 24 | 0.89× | — |
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% |
QMCO
| Secondary Storage Systems | $30.6M | 41% |
| Service And Subscriptions | $26.5M | 36% |
| Primary Storage Systems | $10.1M | 14% |
| Subscriptions | $4.4M | 6% |
| Royalty | $1.6M | 2% |
