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3M（MMM）与Quest Resource Holding Corp（QRHC）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Quest Resource Holding Corp的102.4倍（$6.0B vs $58.9M）。3M净利率更高（10.8% vs -2.8%，领先13.6%）。3M同比增速更快（1.3% vs -15.8%）。3M自由现金流更多（$2.0B vs $1.0M）。过去两年3M的营收复合增速更高（-1.8% vs -10.0%）
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。
Quest Resource Holding Corp是北美地区的可持续发展及废弃物管理服务提供商，面向商业、工业及零售客户提供一体化废弃物回收、资源化利用解决方案，帮助企业减少废弃物排放、降低运营成本，达成既定环保目标。
MMM vs QRHC — 直观对比
营收规模更大
MMM
是对方的102.4倍
$58.9M
营收增速更快
MMM
高出17.1%
-15.8%
净利率更高
MMM
高出13.6%
-2.8%
自由现金流更多
MMM
多$2.0B
$1.0M
两年增速更快
MMM
近两年复合增速
-10.0%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $58.9M |
| 净利润 | $653.0M | $-1.7M |
| 毛利率 | 40.7% | 15.5% |
| 营业利润率 | 23.2% | 0.9% |
| 净利率 | 10.8% | -2.8% |
| 营收同比 | 1.3% | -15.8% |
| 净利润同比 | -41.5% | 82.6% |
| 每股收益（稀释后） | $1.23 | $-0.08 |
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MMMQRHC
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $58.9M | ||
| Q3 25 | $6.5B | $63.3M | ||
| Q2 25 | $6.3B | $59.5M | ||
| Q1 25 | $6.0B | $68.4M | ||
| Q4 24 | $6.0B | $70.0M | ||
| Q3 24 | $6.3B | $72.8M | ||
| Q2 24 | $6.3B | $73.1M |
净利润MMMQRHC
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-1.7M | ||
| Q3 25 | $834.0M | $-1.3M | ||
| Q2 25 | $723.0M | $-2.0M | ||
| Q1 25 | $1.1B | $-10.4M | ||
| Q4 24 | $728.0M | $-9.5M | ||
| Q3 24 | $1.4B | $-3.4M | ||
| Q2 24 | $1.1B | $-1.5M |
毛利率MMMQRHC
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 15.5% | ||
| Q3 25 | 41.8% | 18.1% | ||
| Q2 25 | 42.5% | 18.5% | ||
| Q1 25 | 41.6% | 16.0% | ||
| Q4 24 | 51.7% | 15.3% | ||
| Q3 24 | 42.1% | 16.1% | ||
| Q2 24 | 42.9% | 18.5% |
营业利润率MMMQRHC
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 0.9% | ||
| Q3 25 | 22.2% | 1.7% | ||
| Q2 25 | 18.0% | 0.6% | ||
| Q1 25 | 20.9% | -11.9% | ||
| Q4 24 | 12.2% | -10.3% | ||
| Q3 24 | 20.9% | -1.3% | ||
| Q2 24 | 20.3% | 2.4% |
净利率MMMQRHC
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -2.8% | ||
| Q3 25 | 12.8% | -2.1% | ||
| Q2 25 | 11.4% | -3.3% | ||
| Q1 25 | 18.7% | -15.2% | ||
| Q4 24 | 12.1% | -13.6% | ||
| Q3 24 | 21.8% | -4.7% | ||
| Q2 24 | 18.3% | -2.1% |
每股收益（稀释后）MMMQRHC
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-0.08 | ||
| Q3 25 | $1.55 | $-0.06 | ||
| Q2 25 | $1.34 | $-0.09 | ||
| Q1 25 | $2.04 | $-0.50 | ||
| Q4 24 | $1.33 | $-0.47 | ||
| Q3 24 | $2.48 | $-0.16 | ||
| Q2 24 | $2.07 | $-0.07 |
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 | $1.0M |
| 总债务越低越好 | $10.9B | $64.0M |
| 股东权益账面价值 | $3.3B | $40.5M |
| 总资产 | $35.4B | $145.6M |
| 负债/权益比越低杠杆越低 | 3.29× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资MMMQRHC
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $1.0M | ||
| Q3 25 | — | $1.1M | ||
| Q2 25 | — | $449.0K | ||
| Q1 25 | — | $1.4M | ||
| Q4 24 | — | $396.0K | ||
| Q3 24 | — | $1.1M | ||
| Q2 24 | — | $957.5K |
总债务MMMQRHC
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $64.0M | ||
| Q3 25 | $12.6B | $65.4M | ||
| Q2 25 | $13.1B | $69.7M | ||
| Q1 25 | $13.5B | $74.1M | ||
| Q4 24 | $13.0B | $76.3M | ||
| Q3 24 | $13.2B | $71.9M | ||
| Q2 24 | $13.1B | $70.7M |
股东权益MMMQRHC
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $40.5M | ||
| Q3 25 | $4.6B | $42.0M | ||
| Q2 25 | $4.3B | $42.9M | ||
| Q1 25 | $4.5B | $44.4M | ||
| Q4 24 | $3.8B | $54.2M | ||
| Q3 24 | $4.6B | $62.8M | ||
| Q2 24 | $3.9B | $65.6M |
总资产MMMQRHC
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $145.6M | ||
| Q3 25 | $37.6B | $149.3M | ||
| Q2 25 | $38.0B | $153.1M | ||
| Q1 25 | $40.0B | $165.7M | ||
| Q4 24 | $39.9B | $175.6M | ||
| Q3 24 | $40.9B | $178.2M | ||
| Q2 24 | $43.4B | $181.8M |
负债/权益比MMMQRHC
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 1.58× | ||
| Q3 25 | 2.72× | 1.56× | ||
| Q2 25 | 3.06× | 1.62× | ||
| Q1 25 | 3.02× | 1.67× | ||
| Q4 24 | 3.40× | 1.41× | ||
| Q3 24 | 2.84× | 1.15× | ||
| Q2 24 | 3.34× | 1.08× |
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 | — | $1.1M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $1.0M |
| 自由现金流率自由现金流/营收 | 33.6% | 1.7% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | $9.3M |
8季度趋势，按日历期对齐
经营现金流MMMQRHC
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $1.1M | ||
| Q3 25 | $1.8B | $5.7M | ||
| Q2 25 | $-954.0M | $3.9M | ||
| Q1 25 | $-79.0M | $-1.1M | ||
| Q4 24 | $1.8B | $-4.8M | ||
| Q3 24 | $-1.8B | $-475.0K | ||
| Q2 24 | $1.0B | $808.0K |
自由现金流MMMQRHC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $1.0M | ||
| Q3 25 | $1.5B | $5.6M | ||
| Q2 25 | $-1.2B | $3.9M | ||
| Q1 25 | $-315.0M | $-1.2M | ||
| Q4 24 | $1.5B | $-5.2M | ||
| Q3 24 | $-2.0B | $-583.0K | ||
| Q2 24 | $752.0M | $-1.4M |
自由现金流率MMMQRHC
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 1.7% | ||
| Q3 25 | 23.6% | 8.9% | ||
| Q2 25 | -18.3% | 6.5% | ||
| Q1 25 | -5.3% | -1.8% | ||
| Q4 24 | 25.4% | -7.4% | ||
| Q3 24 | -32.3% | -0.8% | ||
| Q2 24 | 12.0% | -2.0% |
资本支出强度MMMQRHC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.1% | ||
| Q3 25 | 3.3% | 0.0% | ||
| Q2 25 | 3.3% | 0.0% | ||
| Q1 25 | 4.0% | 0.2% | ||
| Q4 24 | 4.8% | 0.6% | ||
| Q3 24 | 3.9% | 0.1% | ||
| Q2 24 | 4.3% | 3.1% |
现金转化率MMMQRHC
| 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% |
QRHC
| Services | $55.8M | 95% |
| Product Sales And Other | $3.1M | 5% |
