vs
3M（MMM）与SILGAN HOLDINGS INC（SLGN）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SILGAN HOLDINGS INC的4.1倍（$6.0B vs $1.5B）。3M净利率更高（10.8% vs 1.2%，领先9.6%）。SILGAN HOLDINGS INC同比增速更快（4.1% vs 1.3%）。3M自由现金流更多（$2.0B vs $1.2B）。过去两年SILGAN HOLDINGS 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。
西尔根控股是一家总部位于美国康涅狄格州的消费品包装制造企业，1987年由原大陆制罐公司的两名高管菲尔·西尔弗与格雷格·霍里根共同创立，公司名称正是取自两位创始人的名字组合，目前在全球包装供应链中占据重要市场地位，为众多快消品牌提供各类包装解决方案。
MMM vs SLGN — 直观对比
营收规模更大
MMM
是对方的4.1倍
$1.5B
营收增速更快
SLGN
高出2.8%
1.3%
净利率更高
MMM
高出9.6%
1.2%
自由现金流更多
MMM
多$803.5M
$1.2B
两年增速更快
SLGN
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $1.5B |
| 净利润 | $653.0M | $18.2M |
| 毛利率 | 40.7% | 17.2% |
| 营业利润率 | 23.2% | 3.6% |
| 净利率 | 10.8% | 1.2% |
| 营收同比 | 1.3% | 4.1% |
| 净利润同比 | -41.5% | -59.6% |
| 每股收益（稀释后） | $1.23 | $0.18 |
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MMMSLGN
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $1.5B | ||
| Q3 25 | $6.5B | $2.0B | ||
| Q2 25 | $6.3B | $1.5B | ||
| Q1 25 | $6.0B | $1.5B | ||
| Q4 24 | $6.0B | $1.4B | ||
| Q3 24 | $6.3B | $1.7B | ||
| Q2 24 | $6.3B | $1.4B |
净利润MMMSLGN
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $18.2M | ||
| Q3 25 | $834.0M | $113.3M | ||
| Q2 25 | $723.0M | $88.9M | ||
| Q1 25 | $1.1B | $68.0M | ||
| Q4 24 | $728.0M | $45.1M | ||
| Q3 24 | $1.4B | $100.1M | ||
| Q2 24 | $1.1B | $76.1M |
毛利率MMMSLGN
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 17.2% | ||
| Q3 25 | 41.8% | 16.3% | ||
| Q2 25 | 42.5% | 19.4% | ||
| Q1 25 | 41.6% | 18.4% | ||
| Q4 24 | 51.7% | 16.9% | ||
| Q3 24 | 42.1% | 16.8% | ||
| Q2 24 | 42.9% | 18.5% |
营业利润率MMMSLGN
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 3.6% | ||
| Q3 25 | 22.2% | 7.4% | ||
| Q2 25 | 18.0% | 7.7% | ||
| Q1 25 | 20.9% | 6.0% | ||
| Q4 24 | 12.2% | 3.4% | ||
| Q3 24 | 20.9% | 7.2% | ||
| Q2 24 | 20.3% | 7.3% |
净利率MMMSLGN
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 1.2% | ||
| Q3 25 | 12.8% | 5.6% | ||
| Q2 25 | 11.4% | 5.8% | ||
| Q1 25 | 18.7% | 4.6% | ||
| Q4 24 | 12.1% | 3.2% | ||
| Q3 24 | 21.8% | 5.7% | ||
| Q2 24 | 18.3% | 5.5% |
每股收益（稀释后）MMMSLGN
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.18 | ||
| Q3 25 | $1.55 | $1.06 | ||
| Q2 25 | $1.34 | $0.83 | ||
| Q1 25 | $2.04 | $0.63 | ||
| Q4 24 | $1.33 | $0.42 | ||
| Q3 24 | $2.48 | $0.93 | ||
| Q2 24 | $2.07 | $0.71 |
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 | $1.1B |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $2.3B |
| 总资产 | $35.4B | $9.4B |
| 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MMMSLGN
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $389.2M | ||
| Q2 25 | — | $317.5M | ||
| Q1 25 | — | $353.0M | ||
| Q4 24 | — | $822.9M | ||
| Q3 24 | — | $368.5M | ||
| Q2 24 | — | $302.8M |
总债务MMMSLGN
| 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MMMSLGN
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $2.3B | ||
| Q3 25 | $4.6B | $2.3B | ||
| Q2 25 | $4.3B | $2.2B | ||
| Q1 25 | $4.5B | $2.1B | ||
| Q4 24 | $3.8B | $2.0B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $3.9B | $1.9B |
总资产MMMSLGN
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $9.4B | ||
| Q3 25 | $37.6B | $9.5B | ||
| Q2 25 | $38.0B | $9.4B | ||
| Q1 25 | $40.0B | $8.8B | ||
| Q4 24 | $39.9B | $8.6B | ||
| Q3 24 | $40.9B | $7.7B | ||
| Q2 24 | $43.4B | $7.7B |
负债/权益比MMMSLGN
| 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 | — | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $1.2B |
| 自由现金流率自由现金流/营收 | 33.6% | 83.2% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | — | 71.07× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $422.7M |
8季度趋势，按日历期对齐
经营现金流MMMSLGN
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.8B | $340.9M | ||
| Q2 25 | $-954.0M | $-221.4M | ||
| Q1 25 | $-79.0M | $-683.4M | ||
| Q4 24 | $1.8B | $935.8M | ||
| Q3 24 | $-1.8B | $313.0M | ||
| Q2 24 | $1.0B | $20.9M |
自由现金流MMMSLGN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.5B | $260.8M | ||
| Q2 25 | $-1.2B | $-294.2M | ||
| Q1 25 | $-315.0M | $-766.3M | ||
| Q4 24 | $1.5B | $865.0M | ||
| Q3 24 | $-2.0B | $252.4M | ||
| Q2 24 | $752.0M | $-35.3M |
自由现金流率MMMSLGN
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 83.2% | ||
| Q3 25 | 23.6% | 13.0% | ||
| Q2 25 | -18.3% | -19.1% | ||
| Q1 25 | -5.3% | -52.2% | ||
| Q4 24 | 25.4% | 61.3% | ||
| Q3 24 | -32.3% | 14.5% | ||
| Q2 24 | 12.0% | -2.6% |
资本支出强度MMMSLGN
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 4.9% | ||
| Q3 25 | 3.3% | 4.0% | ||
| Q2 25 | 3.3% | 4.7% | ||
| Q1 25 | 4.0% | 5.7% | ||
| Q4 24 | 4.8% | 5.0% | ||
| Q3 24 | 3.9% | 3.5% | ||
| Q2 24 | 4.3% | 4.1% |
现金转化率MMMSLGN
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 71.07× | ||
| Q3 25 | 2.11× | 3.01× | ||
| Q2 25 | -1.32× | -2.49× | ||
| Q1 25 | -0.07× | -10.06× | ||
| Q4 24 | 2.50× | 20.77× | ||
| Q3 24 | -1.30× | 3.13× | ||
| Q2 24 | 0.89× | 0.27× |
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% |
SLGN
| Metal Containers | $675.6M | 46% |
| Dispensing And Specialty Closures | $643.6M | 44% |
| Custom Containers | $149.4M | 10% |
