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3M（MMM）与NUSCALE POWER Corp（SMR）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NUSCALE POWER Corp的3335.2倍（$6.0B vs $1.8M）。3M净利率更高（10.8% vs -2811.3%，领先2822.2%）。3M同比增速更快（1.3% vs -94.7%）。过去两年NUSCALE POWER Corp的营收复合增速更高（14.5% 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。
NuScale Power是美国上市企业，总部位于俄勒冈州蒂加德，专注于小型模块化反应堆（SMR）的设计与商业化推广。旗下采用50兆瓦级模块的VOYGR核电站是2022年首个获得美国核管理委员会认证的SMR产品，后续推出的77兆瓦级VOYGR-4、VOYGR-6设计也于2025年5月正式获批。
MMM vs SMR — 直观对比
营收规模更大
MMM
是对方的3335.2倍
$1.8M
营收增速更快
MMM
高出96.0%
-94.7%
净利率更高
MMM
高出2822.2%
-2811.3%
两年增速更快
SMR
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $1.8M |
| 净利润 | $653.0M | $-50.8M |
| 毛利率 | 40.7% | -3.4% |
| 营业利润率 | 23.2% | -4022.2% |
| 净利率 | 10.8% | -2811.3% |
| 营收同比 | 1.3% | -94.7% |
| 净利润同比 | -41.5% | 32.2% |
| 每股收益（稀释后） | $1.23 | $-0.08 |
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MMMSMR
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $1.8M | ||
| Q3 25 | $6.5B | $8.2M | ||
| Q2 25 | $6.3B | $8.1M | ||
| Q1 25 | $6.0B | $13.4M | ||
| Q4 24 | $6.0B | $34.2M | ||
| Q3 24 | $6.3B | $475.0K | ||
| Q2 24 | $6.3B | $967.0K |
净利润MMMSMR
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-50.8M | ||
| Q3 25 | $834.0M | $-273.3M | ||
| Q2 25 | $723.0M | $-17.6M | ||
| Q1 25 | $1.1B | $-14.0M | ||
| Q4 24 | $728.0M | $-75.0M | ||
| Q3 24 | $1.4B | $-17.5M | ||
| Q2 24 | $1.1B | $-27.6M |
毛利率MMMSMR
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | -3.4% | ||
| Q3 25 | 41.8% | 32.9% | ||
| Q2 25 | 42.5% | 22.1% | ||
| Q1 25 | 41.6% | 52.4% | ||
| Q4 24 | 51.7% | 91.1% | ||
| Q3 24 | 42.1% | 37.9% | ||
| Q2 24 | 42.9% | 12.1% |
营业利润率MMMSMR
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | -4022.2% | ||
| Q3 25 | 22.2% | -6532.9% | ||
| Q2 25 | 18.0% | -534.9% | ||
| Q1 25 | 20.9% | -264.1% | ||
| Q4 24 | 12.2% | -34.6% | ||
| Q3 24 | 20.9% | -8635.6% | ||
| Q2 24 | 20.3% | -4330.7% |
净利率MMMSMR
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -2811.3% | ||
| Q3 25 | 12.8% | -3316.2% | ||
| Q2 25 | 11.4% | -219.0% | ||
| Q1 25 | 18.7% | -104.7% | ||
| Q4 24 | 12.1% | -219.1% | ||
| Q3 24 | 21.8% | -3675.6% | ||
| Q2 24 | 18.3% | -2855.9% |
每股收益（稀释后）MMMSMR
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-0.08 | ||
| Q3 25 | $1.55 | $-1.85 | ||
| Q2 25 | $1.34 | $-0.13 | ||
| Q1 25 | $2.04 | $-0.11 | ||
| Q4 24 | $1.33 | $-0.77 | ||
| Q3 24 | $2.48 | $-0.18 | ||
| Q2 24 | $2.07 | $-0.31 |
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 | $1.3B |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $1.2B |
| 总资产 | $35.4B | $1.4B |
| 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MMMSMR
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $691.8M | ||
| Q2 25 | — | $420.7M | ||
| Q1 25 | — | $521.4M | ||
| Q4 24 | — | $441.6M | ||
| Q3 24 | — | $156.6M | ||
| Q2 24 | — | $130.9M |
总债务MMMSMR
| 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MMMSMR
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $1.2B | ||
| Q3 25 | $4.6B | $828.7M | ||
| Q2 25 | $4.3B | $692.9M | ||
| Q1 25 | $4.5B | $704.0M | ||
| Q4 24 | $3.8B | $618.7M | ||
| Q3 24 | $4.6B | $160.1M | ||
| Q2 24 | $3.9B | $136.3M |
总资产MMMSMR
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $1.4B | ||
| Q3 25 | $37.6B | $883.1M | ||
| Q2 25 | $38.0B | $606.5M | ||
| Q1 25 | $40.0B | $618.1M | ||
| Q4 24 | $39.9B | $544.7M | ||
| Q3 24 | $40.9B | $253.3M | ||
| Q2 24 | $43.4B | $229.2M |
负债/权益比MMMSMR
| 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 | — | $-203.7M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 33.6% | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流MMMSMR
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-203.7M | ||
| Q3 25 | $1.8B | $-199.8M | ||
| Q2 25 | $-954.0M | $-33.3M | ||
| Q1 25 | $-79.0M | $-22.8M | ||
| Q4 24 | $1.8B | $-26.4M | ||
| Q3 24 | $-1.8B | $-12.7M | ||
| Q2 24 | $1.0B | $-36.0M |
自由现金流MMMSMR
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.5B | $-199.9M | ||
| Q2 25 | $-1.2B | — | ||
| Q1 25 | $-315.0M | $-22.9M | ||
| Q4 24 | $1.5B | $-26.5M | ||
| Q3 24 | $-2.0B | — | ||
| Q2 24 | $752.0M | — |
自由现金流率MMMSMR
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 23.6% | -2425.1% | ||
| Q2 25 | -18.3% | — | ||
| Q1 25 | -5.3% | -170.9% | ||
| Q4 24 | 25.4% | -77.3% | ||
| Q3 24 | -32.3% | — | ||
| Q2 24 | 12.0% | — |
资本支出强度MMMSMR
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | 3.3% | 0.9% | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 4.0% | 0.5% | ||
| Q4 24 | 4.8% | 0.1% | ||
| Q3 24 | 3.9% | 0.0% | ||
| Q2 24 | 4.3% | 0.0% |
现金转化率MMMSMR
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | -1.32× | — | ||
| Q1 25 | -0.07× | — | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | -1.30× | — | ||
| 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% |
SMR
暂无分部数据
