vs
3M（MMM）与RBC Bearings INC（RBC）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RBC Bearings INC的13.1倍（$6.0B vs $461.6M）。RBC Bearings INC净利率更高（14.6% vs 10.8%，领先3.8%）。RBC Bearings INC同比增速更快（17.0% vs 1.3%）。3M自由现金流更多（$2.0B vs $99.1M）。过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
MMM vs RBC — 直观对比
营收规模更大
MMM
是对方的13.1倍
$461.6M
营收增速更快
RBC
高出15.7%
1.3%
净利率更高
RBC
高出3.8%
10.8%
自由现金流更多
MMM
多$1.9B
$99.1M
两年增速更快
RBC
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $461.6M |
| 净利润 | $653.0M | $67.4M |
| 毛利率 | 40.7% | 44.3% |
| 营业利润率 | 23.2% | 22.3% |
| 净利率 | 10.8% | 14.6% |
| 营收同比 | 1.3% | 17.0% |
| 净利润同比 | -41.5% | 16.4% |
| 每股收益（稀释后） | $1.23 | $2.13 |
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MMMRBC
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $461.6M | ||
| Q3 25 | $6.5B | $455.3M | ||
| Q2 25 | $6.3B | $436.0M | ||
| Q1 25 | $6.0B | $437.7M | ||
| Q4 24 | $6.0B | $394.4M | ||
| Q3 24 | $6.3B | $397.9M | ||
| Q2 24 | $6.3B | $406.3M |
净利润MMMRBC
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $67.4M | ||
| Q3 25 | $834.0M | $60.0M | ||
| Q2 25 | $723.0M | $68.5M | ||
| Q1 25 | $1.1B | $72.7M | ||
| Q4 24 | $728.0M | $57.9M | ||
| Q3 24 | $1.4B | $54.2M | ||
| Q2 24 | $1.1B | $61.4M |
毛利率MMMRBC
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 44.3% | ||
| Q3 25 | 41.8% | 44.1% | ||
| Q2 25 | 42.5% | 44.8% | ||
| Q1 25 | 41.6% | 44.2% | ||
| Q4 24 | 51.7% | 44.3% | ||
| Q3 24 | 42.1% | 43.7% | ||
| Q2 24 | 42.9% | 45.3% |
营业利润率MMMRBC
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 22.3% | ||
| Q3 25 | 22.2% | 21.5% | ||
| Q2 25 | 18.0% | 23.2% | ||
| Q1 25 | 20.9% | 23.0% | ||
| Q4 24 | 12.2% | 21.7% | ||
| Q3 24 | 20.9% | 21.6% | ||
| Q2 24 | 20.3% | 24.0% |
净利率MMMRBC
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 14.6% | ||
| Q3 25 | 12.8% | 13.2% | ||
| Q2 25 | 11.4% | 15.7% | ||
| Q1 25 | 18.7% | 16.6% | ||
| Q4 24 | 12.1% | 14.7% | ||
| Q3 24 | 21.8% | 13.6% | ||
| Q2 24 | 18.3% | 15.1% |
每股收益（稀释后）MMMRBC
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $2.13 | ||
| Q3 25 | $1.55 | $1.90 | ||
| Q2 25 | $1.34 | $2.17 | ||
| Q1 25 | $2.04 | $2.33 | ||
| Q4 24 | $1.33 | $1.82 | ||
| Q3 24 | $2.48 | $1.65 | ||
| Q2 24 | $2.07 | $1.90 |
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 | $107.6M |
| 总债务越低越好 | $10.9B | $990.2M |
| 股东权益账面价值 | $3.3B | $3.3B |
| 总资产 | $35.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MMMRBC
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $107.6M | ||
| Q3 25 | — | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M |
总债务MMMRBC
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $990.2M | ||
| Q3 25 | $12.6B | $1.1B | ||
| Q2 25 | $13.1B | $915.6M | ||
| Q1 25 | $13.5B | $920.1M | ||
| Q4 24 | $13.0B | — | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $13.1B | — |
股东权益MMMRBC
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $3.3B | ||
| Q3 25 | $4.6B | $3.2B | ||
| Q2 25 | $4.3B | $3.1B | ||
| Q1 25 | $4.5B | $3.0B | ||
| Q4 24 | $3.8B | $2.9B | ||
| Q3 24 | $4.6B | $2.9B | ||
| Q2 24 | $3.9B | $2.8B |
总资产MMMRBC
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $5.1B | ||
| Q3 25 | $37.6B | $5.1B | ||
| Q2 25 | $38.0B | $4.8B | ||
| Q1 25 | $40.0B | $4.7B | ||
| Q4 24 | $39.9B | $4.7B | ||
| Q3 24 | $40.9B | $4.7B | ||
| Q2 24 | $43.4B | $4.7B |
负债/权益比MMMRBC
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.30× | ||
| Q3 25 | 2.72× | 0.34× | ||
| Q2 25 | 3.06× | 0.29× | ||
| Q1 25 | 3.02× | 0.30× | ||
| 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 | — | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $99.1M |
| 自由现金流率自由现金流/营收 | 33.6% | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $3.7B | — |
8季度趋势，按日历期对齐
经营现金流MMMRBC
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $122.1M | ||
| Q3 25 | $1.8B | $88.4M | ||
| Q2 25 | $-954.0M | $120.0M | ||
| Q1 25 | $-79.0M | — | ||
| Q4 24 | $1.8B | $84.0M | ||
| Q3 24 | $-1.8B | — | ||
| Q2 24 | $1.0B | $97.4M |
自由现金流MMMRBC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $99.1M | ||
| Q3 25 | $1.5B | $71.7M | ||
| Q2 25 | $-1.2B | $104.3M | ||
| Q1 25 | $-315.0M | — | ||
| Q4 24 | $1.5B | $73.6M | ||
| Q3 24 | $-2.0B | — | ||
| Q2 24 | $752.0M | $88.4M |
自由现金流率MMMRBC
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 21.5% | ||
| Q3 25 | 23.6% | 15.7% | ||
| Q2 25 | -18.3% | 23.9% | ||
| Q1 25 | -5.3% | — | ||
| Q4 24 | 25.4% | 18.7% | ||
| Q3 24 | -32.3% | — | ||
| Q2 24 | 12.0% | 21.8% |
资本支出强度MMMRBC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.0% | ||
| Q3 25 | 3.3% | 3.7% | ||
| Q2 25 | 3.3% | 3.6% | ||
| Q1 25 | 4.0% | 3.2% | ||
| Q4 24 | 4.8% | 2.6% | ||
| Q3 24 | 3.9% | 4.1% | ||
| Q2 24 | 4.3% | 2.2% |
现金转化率MMMRBC
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 1.81× | ||
| Q3 25 | 2.11× | 1.47× | ||
| Q2 25 | -1.32× | 1.75× | ||
| Q1 25 | -0.07× | — | ||
| Q4 24 | 2.50× | 1.45× | ||
| Q3 24 | -1.30× | — | ||
| Q2 24 | 0.89× | 1.59× |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
