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3M（MMM）与RADIANT LOGISTICS, INC（RLGT）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RADIANT LOGISTICS, INC的26.0倍（$6.0B vs $232.1M）。3M净利率更高（10.8% vs 2.3%，领先8.5%）。3M同比增速更快（1.3% vs -12.3%）。3M自由现金流更多（$2.0B vs $11.6M）。过去两年RADIANT LOGISTICS, INC的营收复合增速更高（12.1% 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。
Radiant Logistics, Inc.是一家知名第三方物流服务商，提供端到端供应链解决方案、国内外货运代理、仓储及末端配送服务，核心市场覆盖北美，客户涵盖零售、制造、电商、工业等多个领域，助力企业优化物流流程、降低运营成本。
MMM vs RLGT — 直观对比
营收规模更大
MMM
是对方的26.0倍
$232.1M
营收增速更快
MMM
高出13.6%
-12.3%
净利率更高
MMM
高出8.5%
2.3%
自由现金流更多
MMM
多$2.0B
$11.6M
两年增速更快
RLGT
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $232.1M |
| 净利润 | $653.0M | $5.3M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 23.2% | 3.2% |
| 净利率 | 10.8% | 2.3% |
| 营收同比 | 1.3% | -12.3% |
| 净利润同比 | -41.5% | -18.0% |
| 每股收益（稀释后） | $1.23 | $0.11 |
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MMMRLGT
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $232.1M | ||
| Q3 25 | $6.5B | $226.7M | ||
| Q2 25 | $6.3B | $220.6M | ||
| Q1 25 | $6.0B | $214.0M | ||
| Q4 24 | $6.0B | $264.5M | ||
| Q3 24 | $6.3B | $203.6M | ||
| Q2 24 | $6.3B | $206.0M |
净利润MMMRLGT
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $5.3M | ||
| Q3 25 | $834.0M | $1.3M | ||
| Q2 25 | $723.0M | $4.9M | ||
| Q1 25 | $1.1B | $2.5M | ||
| Q4 24 | $728.0M | $6.5M | ||
| Q3 24 | $1.4B | $3.4M | ||
| Q2 24 | $1.1B | $4.8M |
毛利率MMMRLGT
| 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MMMRLGT
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 3.2% | ||
| Q3 25 | 22.2% | 0.9% | ||
| Q2 25 | 18.0% | 2.4% | ||
| Q1 25 | 20.9% | 1.6% | ||
| Q4 24 | 12.2% | 3.3% | ||
| Q3 24 | 20.9% | 1.9% | ||
| Q2 24 | 20.3% | 2.4% |
净利率MMMRLGT
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 2.3% | ||
| Q3 25 | 12.8% | 0.6% | ||
| Q2 25 | 11.4% | 2.2% | ||
| Q1 25 | 18.7% | 1.2% | ||
| Q4 24 | 12.1% | 2.4% | ||
| Q3 24 | 21.8% | 1.7% | ||
| Q2 24 | 18.3% | 2.3% |
每股收益（稀释后）MMMRLGT
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.11 | ||
| Q3 25 | $1.55 | $0.03 | ||
| Q2 25 | $1.34 | $0.10 | ||
| Q1 25 | $2.04 | $0.05 | ||
| Q4 24 | $1.33 | $0.13 | ||
| Q3 24 | $2.48 | $0.07 | ||
| 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 | $31.9M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $229.8M |
| 总资产 | $35.4B | $439.4M |
| 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MMMRLGT
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $31.9M | ||
| Q3 25 | — | $28.1M | ||
| Q2 25 | — | $22.9M | ||
| Q1 25 | — | $19.0M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $10.4M | ||
| Q2 24 | — | $24.9M |
总债务MMMRLGT
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | — | ||
| Q3 25 | $12.6B | — | ||
| Q2 25 | $13.1B | — | ||
| Q1 25 | $13.5B | — | ||
| Q4 24 | $13.0B | — | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $13.1B | — |
股东权益MMMRLGT
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $229.8M | ||
| Q3 25 | $4.6B | $225.7M | ||
| Q2 25 | $4.3B | $226.0M | ||
| Q1 25 | $4.5B | $218.2M | ||
| Q4 24 | $3.8B | $214.4M | ||
| Q3 24 | $4.6B | $212.4M | ||
| Q2 24 | $3.9B | $209.4M |
总资产MMMRLGT
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $439.4M | ||
| Q3 25 | $37.6B | $445.3M | ||
| Q2 25 | $38.0B | $426.8M | ||
| Q1 25 | $40.0B | $414.5M | ||
| Q4 24 | $39.9B | $386.8M | ||
| Q3 24 | $40.9B | $375.3M | ||
| Q2 24 | $43.4B | $371.2M |
负债/权益比MMMRLGT
| 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 | — | $12.4M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $11.6M |
| 自由现金流率自由现金流/营收 | 33.6% | 5.0% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $8.5M |
8季度趋势，按日历期对齐
经营现金流MMMRLGT
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $12.4M | ||
| Q3 25 | $1.8B | $2.5M | ||
| Q2 25 | $-954.0M | $3.1M | ||
| Q1 25 | $-79.0M | $-5.7M | ||
| Q4 24 | $1.8B | $15.7M | ||
| Q3 24 | $-1.8B | $205.0K | ||
| Q2 24 | $1.0B | $1.3M |
自由现金流MMMRLGT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $11.6M | ||
| Q3 25 | $1.5B | $977.0K | ||
| Q2 25 | $-1.2B | $2.2M | ||
| Q1 25 | $-315.0M | $-6.4M | ||
| Q4 24 | $1.5B | $14.1M | ||
| Q3 24 | $-2.0B | $-1.9M | ||
| Q2 24 | $752.0M | $-185.0K |
自由现金流率MMMRLGT
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 5.0% | ||
| Q3 25 | 23.6% | 0.4% | ||
| Q2 25 | -18.3% | 1.0% | ||
| Q1 25 | -5.3% | -3.0% | ||
| Q4 24 | 25.4% | 5.3% | ||
| Q3 24 | -32.3% | -0.9% | ||
| Q2 24 | 12.0% | -0.1% |
资本支出强度MMMRLGT
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.3% | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 3.3% | 0.4% | ||
| Q1 25 | 4.0% | 0.3% | ||
| Q4 24 | 4.8% | 0.6% | ||
| Q3 24 | 3.9% | 1.0% | ||
| Q2 24 | 4.3% | 0.7% |
现金转化率MMMRLGT
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 2.33× | ||
| Q3 25 | 2.11× | 1.90× | ||
| Q2 25 | -1.32× | 0.63× | ||
| Q1 25 | -0.07× | -2.26× | ||
| Q4 24 | 2.50× | 2.43× | ||
| Q3 24 | -1.30× | 0.06× | ||
| Q2 24 | 0.89× | 0.26× |
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% |
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
