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3M（MMM）与RYDER SYSTEM INC（R）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RYDER SYSTEM INC的1.9倍（$6.0B vs $3.1B），3M净利率更高（10.8% vs 3.0%，领先7.9%），3M同比增速更快（1.3% vs 1.0%），3M自由现金流更多（$2.0B vs $273.0M），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% 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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
MMM vs R — 直观对比
营收规模更大
MMM
是对方的1.9倍
$3.1B
营收增速更快
MMM
高出0.3%
1.0%
净利率更高
MMM
高出7.9%
3.0%
自由现金流更多
MMM
多$1.8B
$273.0M
两年增速更快
R
近两年复合增速
-1.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $3.1B |
| 净利润 | $653.0M | $93.0M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 23.2% | — |
| 净利率 | 10.8% | 3.0% |
| 营收同比 | 1.3% | 1.0% |
| 净利润同比 | -41.5% | -5.1% |
| 每股收益（稀释后） | $1.23 | $2.34 |
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MMMR
| Q1 26 | $6.0B | $3.1B | ||
| Q4 25 | $6.1B | $3.2B | ||
| Q3 25 | $6.5B | $3.2B | ||
| Q2 25 | $6.3B | $3.2B | ||
| Q1 25 | $6.0B | $3.1B | ||
| Q4 24 | $6.0B | $3.2B | ||
| Q3 24 | $6.3B | $3.2B | ||
| Q2 24 | $6.3B | $3.2B |
净利润MMMR
| Q1 26 | $653.0M | $93.0M | ||
| Q4 25 | $577.0M | $132.0M | ||
| Q3 25 | $834.0M | $138.0M | ||
| Q2 25 | $723.0M | $131.0M | ||
| Q1 25 | $1.1B | $98.0M | ||
| Q4 24 | $728.0M | $135.0M | ||
| Q3 24 | $1.4B | $142.0M | ||
| Q2 24 | $1.1B | $127.0M |
毛利率MMMR
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | — | ||
| Q3 25 | 41.8% | — | ||
| Q2 25 | 42.5% | — | ||
| Q1 25 | 41.6% | — | ||
| Q4 24 | 51.7% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | 42.9% | — |
营业利润率MMMR
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 5.6% | ||
| Q3 25 | 22.2% | 6.0% | ||
| Q2 25 | 18.0% | 5.8% | ||
| Q1 25 | 20.9% | 4.3% | ||
| Q4 24 | 12.2% | 5.7% | ||
| Q3 24 | 20.9% | 5.9% | ||
| Q2 24 | 20.3% | 5.6% |
净利率MMMR
| Q1 26 | 10.8% | 3.0% | ||
| Q4 25 | 9.4% | 4.2% | ||
| Q3 25 | 12.8% | 4.4% | ||
| Q2 25 | 11.4% | 4.1% | ||
| Q1 25 | 18.7% | 3.1% | ||
| Q4 24 | 12.1% | 4.2% | ||
| Q3 24 | 21.8% | 4.5% | ||
| Q2 24 | 18.3% | 4.0% |
每股收益（稀释后）MMMR
| Q1 26 | $1.23 | $2.34 | ||
| Q4 25 | $1.07 | $3.22 | ||
| Q3 25 | $1.55 | $3.32 | ||
| Q2 25 | $1.34 | $3.13 | ||
| Q1 25 | $2.04 | $2.27 | ||
| Q4 24 | $1.33 | $3.09 | ||
| Q3 24 | $2.48 | $3.24 | ||
| Q2 24 | $2.07 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $2.9B |
| 总资产 | $35.4B | — |
| 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MMMR
| Q1 26 | $3.7B | $182.0M | ||
| Q4 25 | — | $198.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $151.0M | ||
| Q4 24 | — | $154.0M | ||
| Q3 24 | — | $162.0M | ||
| Q2 24 | — | $164.0M |
总债务MMMR
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $6.8B | ||
| Q3 25 | $12.6B | $7.3B | ||
| Q2 25 | $13.1B | $7.0B | ||
| Q1 25 | $13.5B | $6.7B | ||
| Q4 24 | $13.0B | $6.7B | ||
| Q3 24 | $13.2B | $6.6B | ||
| Q2 24 | $13.1B | $6.5B |
股东权益MMMR
| Q1 26 | $3.3B | $2.9B | ||
| Q4 25 | $4.7B | $3.1B | ||
| Q3 25 | $4.6B | $3.1B | ||
| Q2 25 | $4.3B | $3.1B | ||
| Q1 25 | $4.5B | $3.0B | ||
| Q4 24 | $3.8B | $3.1B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $3.9B | $3.1B |
总资产MMMR
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $16.4B | ||
| Q3 25 | $37.6B | $16.5B | ||
| Q2 25 | $38.0B | $16.5B | ||
| Q1 25 | $40.0B | $16.4B | ||
| Q4 24 | $39.9B | $16.7B | ||
| Q3 24 | $40.9B | $16.5B | ||
| Q2 24 | $43.4B | $16.4B |
负债/权益比MMMR
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 2.24× | ||
| Q3 25 | 2.72× | 2.35× | ||
| Q2 25 | 3.06× | 2.27× | ||
| Q1 25 | 3.02× | 2.21× | ||
| Q4 24 | 3.40× | 2.14× | ||
| Q3 24 | 2.84× | 2.17× | ||
| Q2 24 | 3.34× | 2.09× |
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 | — | $583.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $273.0M |
| 自由现金流率自由现金流/营收 | 33.6% | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | — | 6.27× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $595.0M |
8季度趋势，按日历期对齐
经营现金流MMMR
| Q1 26 | — | $583.0M | ||
| Q4 25 | $1.6B | $749.0M | ||
| Q3 25 | $1.8B | $442.0M | ||
| Q2 25 | $-954.0M | $752.0M | ||
| Q1 25 | $-79.0M | $651.0M | ||
| Q4 24 | $1.8B | $558.0M | ||
| Q3 24 | $-1.8B | $629.0M | ||
| Q2 24 | $1.0B | $552.0M |
自由现金流MMMR
| Q1 26 | $2.0B | $273.0M | ||
| Q4 25 | $1.3B | $344.0M | ||
| Q3 25 | $1.5B | $-85.0M | ||
| Q2 25 | $-1.2B | $63.0M | ||
| Q1 25 | $-315.0M | $137.0M | ||
| Q4 24 | $1.5B | $-201.0M | ||
| Q3 24 | $-2.0B | $30.0M | ||
| Q2 24 | $752.0M | $-87.0M |
自由现金流率MMMR
| Q1 26 | 33.6% | 8.7% | ||
| Q4 25 | 21.8% | 10.8% | ||
| Q3 25 | 23.6% | -2.7% | ||
| Q2 25 | -18.3% | 2.0% | ||
| Q1 25 | -5.3% | 4.4% | ||
| Q4 24 | 25.4% | -6.3% | ||
| Q3 24 | -32.3% | 0.9% | ||
| Q2 24 | 12.0% | -2.7% |
资本支出强度MMMR
| Q1 26 | — | 13.7% | ||
| Q4 25 | 4.0% | 12.8% | ||
| Q3 25 | 3.3% | 16.6% | ||
| Q2 25 | 3.3% | 21.6% | ||
| Q1 25 | 4.0% | 16.4% | ||
| Q4 24 | 4.8% | 23.8% | ||
| Q3 24 | 3.9% | 18.9% | ||
| Q2 24 | 4.3% | 20.1% |
现金转化率MMMR
| Q1 26 | — | 6.27× | ||
| Q4 25 | 2.74× | 5.67× | ||
| Q3 25 | 2.11× | 3.20× | ||
| Q2 25 | -1.32× | 5.74× | ||
| Q1 25 | -0.07× | 6.64× | ||
| Q4 24 | 2.50× | 4.13× | ||
| Q3 24 | -1.30× | 4.43× | ||
| Q2 24 | 0.89× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
