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3M（MMM）与StandardAero, Inc.（SARO）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StandardAero, Inc.的3.8倍（$6.0B vs $1.6B）。3M净利率更高（10.8% vs 4.9%，领先5.9%）。StandardAero, Inc.同比增速更快（13.5% vs 1.3%）。3M自由现金流更多（$2.0B vs $307.3M）。过去两年StandardAero, Inc.的营收复合增速更高（13.8% 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。
StandardAero Inc.是总部位于美国亚利桑那州斯科茨代尔的专业维护、维修及大修（MRO）服务提供商，深耕相关领域多年，服务覆盖航空等多个行业，可为客户提供高效可靠的定制化运维解决方案。
MMM vs SARO — 直观对比
营收规模更大
MMM
是对方的3.8倍
$1.6B
营收增速更快
SARO
高出12.2%
1.3%
净利率更高
MMM
高出5.9%
4.9%
自由现金流更多
MMM
多$1.7B
$307.3M
两年增速更快
SARO
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $1.6B |
| 净利润 | $653.0M | $78.6M |
| 毛利率 | 40.7% | 13.8% |
| 营业利润率 | 23.2% | 9.3% |
| 净利率 | 10.8% | 4.9% |
| 营收同比 | 1.3% | 13.5% |
| 净利润同比 | -41.5% | 659.6% |
| 每股收益（稀释后） | $1.23 | $0.24 |
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MMMSARO
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $1.6B | ||
| Q3 25 | $6.5B | $1.5B | ||
| Q2 25 | $6.3B | $1.5B | ||
| Q1 25 | $6.0B | $1.4B | ||
| Q4 24 | $6.0B | $1.4B | ||
| Q3 24 | $6.3B | $1.2B | ||
| Q2 24 | $6.3B | $1.3B |
净利润MMMSARO
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $78.6M | ||
| Q3 25 | $834.0M | $68.1M | ||
| Q2 25 | $723.0M | $67.7M | ||
| Q1 25 | $1.1B | $62.9M | ||
| Q4 24 | $728.0M | $-14.1M | ||
| Q3 24 | $1.4B | $16.4M | ||
| Q2 24 | $1.1B | $5.4M |
毛利率MMMSARO
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 13.8% | ||
| Q3 25 | 41.8% | 14.9% | ||
| Q2 25 | 42.5% | 15.4% | ||
| Q1 25 | 41.6% | 15.2% | ||
| Q4 24 | 51.7% | 14.3% | ||
| Q3 24 | 42.1% | 15.0% | ||
| Q2 24 | 42.9% | 13.7% |
营业利润率MMMSARO
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 9.3% | ||
| Q3 25 | 22.2% | 9.2% | ||
| Q2 25 | 18.0% | 8.9% | ||
| Q1 25 | 20.9% | 9.0% | ||
| Q4 24 | 12.2% | 6.7% | ||
| Q3 24 | 20.9% | 7.9% | ||
| Q2 24 | 20.3% | 7.8% |
净利率MMMSARO
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 4.9% | ||
| Q3 25 | 12.8% | 4.5% | ||
| Q2 25 | 11.4% | 4.4% | ||
| Q1 25 | 18.7% | 4.4% | ||
| Q4 24 | 12.1% | -1.0% | ||
| Q3 24 | 21.8% | 1.3% | ||
| Q2 24 | 18.3% | 0.4% |
每股收益（稀释后）MMMSARO
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.24 | ||
| Q3 25 | $1.55 | $0.20 | ||
| Q2 25 | $1.34 | $0.20 | ||
| Q1 25 | $2.04 | $0.19 | ||
| Q4 24 | $1.33 | $-0.05 | ||
| Q3 24 | $2.48 | $0.06 | ||
| Q2 24 | $2.07 | $0.02 |
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 | $2.2B |
| 股东权益账面价值 | $3.3B | $2.7B |
| 总资产 | $35.4B | $6.6B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资MMMSARO
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务MMMSARO
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $2.2B | ||
| Q3 25 | $12.6B | $2.3B | ||
| Q2 25 | $13.1B | $2.3B | ||
| Q1 25 | $13.5B | $2.3B | ||
| Q4 24 | $13.0B | $2.2B | ||
| Q3 24 | $13.2B | $3.4B | ||
| Q2 24 | $13.1B | — |
股东权益MMMSARO
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $2.7B | ||
| Q3 25 | $4.6B | $2.6B | ||
| Q2 25 | $4.3B | $2.5B | ||
| Q1 25 | $4.5B | $2.4B | ||
| Q4 24 | $3.8B | $2.4B | ||
| Q3 24 | $4.6B | $1.2B | ||
| Q2 24 | $3.9B | $1.2B |
总资产MMMSARO
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $6.6B | ||
| Q3 25 | $37.6B | $6.6B | ||
| Q2 25 | $38.0B | $6.5B | ||
| Q1 25 | $40.0B | $6.5B | ||
| Q4 24 | $39.9B | $6.2B | ||
| Q3 24 | $40.9B | $6.1B | ||
| Q2 24 | $43.4B | — |
负债/权益比MMMSARO
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.83× | ||
| Q3 25 | 2.72× | 0.90× | ||
| Q2 25 | 3.06× | 0.92× | ||
| Q1 25 | 3.02× | 0.96× | ||
| Q4 24 | 3.40× | 0.94× | ||
| Q3 24 | 2.84× | 2.94× | ||
| 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 | — | $323.0M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $307.3M |
| 自由现金流率自由现金流/营收 | 33.6% | 19.2% |
| 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 | — | 4.11× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $234.3M |
8季度趋势，按日历期对齐
经营现金流MMMSARO
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $323.0M | ||
| Q3 25 | $1.8B | $14.8M | ||
| Q2 25 | $-954.0M | $2.9M | ||
| Q1 25 | $-79.0M | $-24.0M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $-1.8B | $-13.9M | ||
| Q2 24 | $1.0B | — |
自由现金流MMMSARO
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $307.3M | ||
| Q3 25 | $1.5B | $-4.7M | ||
| Q2 25 | $-1.2B | $-19.0M | ||
| Q1 25 | $-315.0M | $-49.3M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $-2.0B | $-39.2M | ||
| Q2 24 | $752.0M | — |
自由现金流率MMMSARO
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 19.2% | ||
| Q3 25 | 23.6% | -0.3% | ||
| Q2 25 | -18.3% | -1.2% | ||
| Q1 25 | -5.3% | -3.4% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | -32.3% | -3.1% | ||
| Q2 24 | 12.0% | — |
资本支出强度MMMSARO
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 1.0% | ||
| Q3 25 | 3.3% | 1.3% | ||
| Q2 25 | 3.3% | 1.4% | ||
| Q1 25 | 4.0% | 1.8% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 3.9% | 2.0% | ||
| Q2 24 | 4.3% | — |
现金转化率MMMSARO
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 4.11× | ||
| Q3 25 | 2.11× | 0.22× | ||
| Q2 25 | -1.32× | 0.04× | ||
| Q1 25 | -0.07× | -0.38× | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | -1.30× | -0.84× | ||
| 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% |
SARO
| Commercial Aerospace | $1.0B | 63% |
| Business Aviation | $266.2M | 17% |
| Military And Helicopter | $262.0M | 16% |
| Other | $68.1M | 4% |
