vs
3M（MMM）与SURF AIR MOBILITY INC.（SRFM）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SURF AIR MOBILITY INC.的228.0倍（$6.0B vs $26.4M）。3M净利率更高（10.8% vs -139.4%，领先150.3%）。3M同比增速更快（1.3% vs -5.7%）。3M自由现金流更多（$2.0B vs $-20.1M）。过去两年3M的营收复合增速更高（-1.8% vs -7.1%）
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。
冲浪航空移动公司是一家专注于区域航空业务的美国航空企业。该公司计划开发电动及混合动力系统，用于升级现有航空器，同时还在面向区域空中交通出行行业开发搭载人工智能的SurfOS操作系统。它是Surf Air、Surf On Demand，以及莫库勒勒航空、南方快捷航空两家航空公司的母公司。
MMM vs SRFM — 直观对比
营收规模更大
MMM
是对方的228.0倍
$26.4M
营收增速更快
MMM
高出7.0%
-5.7%
净利率更高
MMM
高出150.3%
-139.4%
自由现金流更多
MMM
多$2.0B
$-20.1M
两年增速更快
MMM
近两年复合增速
-7.1%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $26.4M |
| 净利润 | $653.0M | $-36.9M |
| 毛利率 | 40.7% | — |
| 营业利润率 | 23.2% | -97.8% |
| 净利率 | 10.8% | -139.4% |
| 营收同比 | 1.3% | -5.7% |
| 净利润同比 | -41.5% | -3015.3% |
| 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MMMSRFM
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $26.4M | ||
| Q3 25 | $6.5B | $29.2M | ||
| Q2 25 | $6.3B | $27.4M | ||
| Q1 25 | $6.0B | $23.5M | ||
| Q4 24 | $6.0B | $28.0M | ||
| Q3 24 | $6.3B | $28.4M | ||
| Q2 24 | $6.3B | $32.4M |
净利润MMMSRFM
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-36.9M | ||
| Q3 25 | $834.0M | $-27.2M | ||
| Q2 25 | $723.0M | $-28.0M | ||
| Q1 25 | $1.1B | $-18.5M | ||
| Q4 24 | $728.0M | $1.3M | ||
| Q3 24 | $1.4B | $-12.2M | ||
| Q2 24 | $1.1B | $-27.0M |
毛利率MMMSRFM
| 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MMMSRFM
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | -97.8% | ||
| Q3 25 | 22.2% | -56.6% | ||
| Q2 25 | 18.0% | -58.1% | ||
| Q1 25 | 20.9% | -79.0% | ||
| Q4 24 | 12.2% | 28.9% | ||
| Q3 24 | 20.9% | -30.4% | ||
| Q2 24 | 20.3% | -78.0% |
净利率MMMSRFM
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -139.4% | ||
| Q3 25 | 12.8% | -93.3% | ||
| Q2 25 | 11.4% | -102.1% | ||
| Q1 25 | 18.7% | -78.6% | ||
| Q4 24 | 12.1% | 4.5% | ||
| Q3 24 | 21.8% | -43.1% | ||
| Q2 24 | 18.3% | -83.4% |
每股收益（稀释后）MMMSRFM
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-0.08 | ||
| Q3 25 | $1.55 | $-0.64 | ||
| Q2 25 | $1.34 | $-1.34 | ||
| Q1 25 | $2.04 | $-1.09 | ||
| Q4 24 | $1.33 | $0.80 | ||
| Q3 24 | $2.48 | $-0.94 | ||
| Q2 24 | $2.07 | $-2.31 |
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 | $12.7M |
| 总债务越低越好 | $10.9B | $17.1M |
| 股东权益账面价值 | $3.3B | $-54.9M |
| 总资产 | $35.4B | $131.7M |
| 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MMMSRFM
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $12.7M | ||
| Q3 25 | — | $7.1M | ||
| Q2 25 | — | $22.6M | ||
| Q1 25 | — | $6.6M | ||
| Q4 24 | — | $21.1M | ||
| Q3 24 | — | $506.0K | ||
| Q2 24 | — | $1.5M |
总债务MMMSRFM
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $17.1M | ||
| Q3 25 | $12.6B | $63.8M | ||
| Q2 25 | $13.1B | $63.3M | ||
| Q1 25 | $13.5B | $62.9M | ||
| Q4 24 | $13.0B | $62.4M | ||
| Q3 24 | $13.2B | $22.5M | ||
| Q2 24 | $13.1B | $23.3M |
股东权益MMMSRFM
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $-54.9M | ||
| Q3 25 | $4.6B | $-92.6M | ||
| Q2 25 | $4.3B | $-115.5M | ||
| Q1 25 | $4.5B | $-135.6M | ||
| Q4 24 | $3.8B | $-120.0M | ||
| Q3 24 | $4.6B | $-135.6M | ||
| Q2 24 | $3.9B | $-128.1M |
总资产MMMSRFM
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $131.7M | ||
| Q3 25 | $37.6B | $106.8M | ||
| Q2 25 | $38.0B | $129.0M | ||
| Q1 25 | $40.0B | $105.3M | ||
| Q4 24 | $39.9B | $124.1M | ||
| Q3 24 | $40.9B | $97.9M | ||
| Q2 24 | $43.4B | $105.5M |
负债/权益比MMMSRFM
| 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 | — | $-18.4M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $-20.1M |
| 自由现金流率自由现金流/营收 | 33.6% | -76.0% |
| 资本支出强度资本支出/营收 | — | 6.5% |
| 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 | $-70.1M |
8季度趋势，按日历期对齐
经营现金流MMMSRFM
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-18.4M | ||
| Q3 25 | $1.8B | $-19.3M | ||
| Q2 25 | $-954.0M | $-10.6M | ||
| Q1 25 | $-79.0M | $-15.8M | ||
| Q4 24 | $1.8B | $-23.6M | ||
| Q3 24 | $-1.8B | $-12.3M | ||
| Q2 24 | $1.0B | $-5.6M |
自由现金流MMMSRFM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $-20.1M | ||
| Q3 25 | $1.5B | $-21.1M | ||
| Q2 25 | $-1.2B | $-11.9M | ||
| Q1 25 | $-315.0M | $-17.1M | ||
| Q4 24 | $1.5B | $-32.7M | ||
| Q3 24 | $-2.0B | $-13.6M | ||
| Q2 24 | $752.0M | $-6.3M |
自由现金流率MMMSRFM
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | -76.0% | ||
| Q3 25 | 23.6% | -72.2% | ||
| Q2 25 | -18.3% | -43.2% | ||
| Q1 25 | -5.3% | -72.6% | ||
| Q4 24 | 25.4% | -116.5% | ||
| Q3 24 | -32.3% | -47.8% | ||
| Q2 24 | 12.0% | -19.5% |
资本支出强度MMMSRFM
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 6.5% | ||
| Q3 25 | 3.3% | 5.9% | ||
| Q2 25 | 3.3% | 4.4% | ||
| Q1 25 | 4.0% | 5.4% | ||
| Q4 24 | 4.8% | 32.4% | ||
| Q3 24 | 3.9% | 4.4% | ||
| Q2 24 | 4.3% | 2.2% |
现金转化率MMMSRFM
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | -1.32× | — | ||
| Q1 25 | -0.07× | — | ||
| Q4 24 | 2.50× | -18.64× | ||
| 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% |
SRFM
| Scheduled | $17.2M | 65% |
| On Demand | $9.2M | 35% |
