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3M（MMM）与FreightCar America, Inc.（RAIL）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FreightCar America, Inc.的48.1倍（$6.0B vs $125.5M）。3M净利率更高（10.8% vs -13.2%，领先24.0%）。3M同比增速更快（1.3% vs -8.8%）。3M自由现金流更多（$2.0B vs $8.8M）。过去两年3M的营收复合增速更高（-1.8% vs -11.7%）
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。
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
MMM vs RAIL — 直观对比
营收规模更大
MMM
是对方的48.1倍
$125.5M
营收增速更快
MMM
高出10.1%
-8.8%
净利率更高
MMM
高出24.0%
-13.2%
自由现金流更多
MMM
多$2.0B
$8.8M
两年增速更快
MMM
近两年复合增速
-11.7%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $125.5M |
| 净利润 | $653.0M | $-16.6M |
| 毛利率 | 40.7% | 13.4% |
| 营业利润率 | 23.2% | 6.2% |
| 净利率 | 10.8% | -13.2% |
| 营收同比 | 1.3% | -8.8% |
| 净利润同比 | -41.5% | -147.9% |
| 每股收益（稀释后） | $1.23 | $-0.54 |
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MMMRAIL
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $125.5M | ||
| Q3 25 | $6.5B | $160.4M | ||
| Q2 25 | $6.3B | $118.5M | ||
| Q1 25 | $6.0B | $96.2M | ||
| Q4 24 | $6.0B | $137.6M | ||
| Q3 24 | $6.3B | $113.2M | ||
| Q2 24 | $6.3B | $146.0M |
净利润MMMRAIL
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-16.6M | ||
| Q3 25 | $834.0M | $-7.4M | ||
| Q2 25 | $723.0M | $11.7M | ||
| Q1 25 | $1.1B | $50.4M | ||
| Q4 24 | $728.0M | $34.6M | ||
| Q3 24 | $1.4B | $-107.0M | ||
| Q2 24 | $1.1B | $8.2M |
毛利率MMMRAIL
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 13.4% | ||
| Q3 25 | 41.8% | 15.1% | ||
| Q2 25 | 42.5% | 15.0% | ||
| Q1 25 | 41.6% | 15.0% | ||
| Q4 24 | 51.7% | 15.3% | ||
| Q3 24 | 42.1% | 14.3% | ||
| Q2 24 | 42.9% | 12.6% |
营业利润率MMMRAIL
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 6.2% | ||
| Q3 25 | 22.2% | 9.1% | ||
| Q2 25 | 18.0% | 6.5% | ||
| Q1 25 | 20.9% | 4.0% | ||
| Q4 24 | 12.2% | 8.5% | ||
| Q3 24 | 20.9% | 7.6% | ||
| Q2 24 | 20.3% | 9.0% |
净利率MMMRAIL
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -13.2% | ||
| Q3 25 | 12.8% | -4.6% | ||
| Q2 25 | 11.4% | 9.9% | ||
| Q1 25 | 18.7% | 52.4% | ||
| Q4 24 | 12.1% | 25.2% | ||
| Q3 24 | 21.8% | -94.6% | ||
| Q2 24 | 18.3% | 5.6% |
每股收益（稀释后）MMMRAIL
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-0.54 | ||
| Q3 25 | $1.55 | $-0.23 | ||
| Q2 25 | $1.34 | $0.34 | ||
| Q1 25 | $2.04 | $1.52 | ||
| Q4 24 | $1.33 | $0.88 | ||
| Q3 24 | $2.48 | $-3.57 | ||
| Q2 24 | $2.07 | $0.11 |
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 | — |
| 总债务越低越好 | $10.9B | $107.2M |
| 股东权益账面价值 | $3.3B | $-107.4M |
| 总资产 | $35.4B | $290.0M |
| 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MMMRAIL
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务MMMRAIL
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $107.2M | ||
| Q3 25 | $12.6B | $107.6M | ||
| Q2 25 | $13.1B | $107.9M | ||
| Q1 25 | $13.5B | $108.2M | ||
| Q4 24 | $13.0B | $108.4M | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $13.1B | — |
股东权益MMMRAIL
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $-107.4M | ||
| Q3 25 | $4.6B | $-90.9M | ||
| Q2 25 | $4.3B | $-83.5M | ||
| Q1 25 | $4.5B | $-97.4M | ||
| Q4 24 | $3.8B | $-150.3M | ||
| Q3 24 | $4.6B | $-156.3M | ||
| Q2 24 | $3.9B | $-48.8M |
总资产MMMRAIL
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $290.0M | ||
| Q3 25 | $37.6B | $340.8M | ||
| Q2 25 | $38.0B | $328.1M | ||
| Q1 25 | $40.0B | $250.5M | ||
| Q4 24 | $39.9B | $224.2M | ||
| Q3 24 | $40.9B | $245.9M | ||
| Q2 24 | $43.4B | $207.2M |
负债/权益比MMMRAIL
| 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 | — | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $8.8M |
| 自由现金流率自由现金流/营收 | 33.6% | 7.0% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 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 | $31.4M |
8季度趋势，按日历期对齐
经营现金流MMMRAIL
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $10.0M | ||
| Q3 25 | $1.8B | $3.4M | ||
| Q2 25 | $-954.0M | $8.5M | ||
| Q1 25 | $-79.0M | $12.8M | ||
| Q4 24 | $1.8B | $5.9M | ||
| Q3 24 | $-1.8B | $7.2M | ||
| Q2 24 | $1.0B | $57.2M |
自由现金流MMMRAIL
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $8.8M | ||
| Q3 25 | $1.5B | $2.2M | ||
| Q2 25 | $-1.2B | $7.9M | ||
| Q1 25 | $-315.0M | $12.5M | ||
| Q4 24 | $1.5B | $4.6M | ||
| Q3 24 | $-2.0B | $5.7M | ||
| Q2 24 | $752.0M | $55.9M |
自由现金流率MMMRAIL
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 7.0% | ||
| Q3 25 | 23.6% | 1.4% | ||
| Q2 25 | -18.3% | 6.7% | ||
| Q1 25 | -5.3% | 13.0% | ||
| Q4 24 | 25.4% | 3.3% | ||
| Q3 24 | -32.3% | 5.0% | ||
| Q2 24 | 12.0% | 38.3% |
资本支出强度MMMRAIL
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 1.0% | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 3.3% | 0.5% | ||
| Q1 25 | 4.0% | 0.3% | ||
| Q4 24 | 4.8% | 0.9% | ||
| Q3 24 | 3.9% | 1.3% | ||
| Q2 24 | 4.3% | 0.9% |
现金转化率MMMRAIL
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | -1.32× | 0.73× | ||
| Q1 25 | -0.07× | 0.25× | ||
| Q4 24 | 2.50× | 0.17× | ||
| Q3 24 | -1.30× | — | ||
| Q2 24 | 0.89× | 6.99× |
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% |
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
