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3M（MMM）与Simpson Manufacturing Co., Inc.（SSD）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Simpson Manufacturing Co., Inc.的11.2倍（$6.0B vs $539.3M）。3M净利率更高（10.8% vs 10.4%，领先0.4%）。Simpson Manufacturing Co., Inc.同比增速更快（4.2% vs 1.3%）。3M自由现金流更多（$2.0B vs $119.0M）。过去两年Simpson Manufacturing Co., Inc.的营收复合增速更高（0.8% 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。
辛普森制造是美国领先的建筑材料生产企业，主营面向新建建筑及改造翻新项目的结构连接件、紧固件、锚固件等专业产品，在建筑配套材料领域具备深厚的技术积累与较高的市场认可度。
MMM vs SSD — 直观对比
营收规模更大
MMM
是对方的11.2倍
$539.3M
营收增速更快
SSD
高出2.9%
1.3%
净利率更高
MMM
高出0.4%
10.4%
自由现金流更多
MMM
多$1.9B
$119.0M
两年增速更快
SSD
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $539.3M |
| 净利润 | $653.0M | $56.2M |
| 毛利率 | 40.7% | 43.4% |
| 营业利润率 | 23.2% | 13.9% |
| 净利率 | 10.8% | 10.4% |
| 营收同比 | 1.3% | 4.2% |
| 净利润同比 | -41.5% | 1.4% |
| 每股收益（稀释后） | $1.23 | $1.34 |
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MMMSSD
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $539.3M | ||
| Q3 25 | $6.5B | $623.5M | ||
| Q2 25 | $6.3B | $631.1M | ||
| Q1 25 | $6.0B | $538.9M | ||
| Q4 24 | $6.0B | $517.4M | ||
| Q3 24 | $6.3B | $587.2M | ||
| Q2 24 | $6.3B | $597.0M |
净利润MMMSSD
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $56.2M | ||
| Q3 25 | $834.0M | $107.4M | ||
| Q2 25 | $723.0M | $103.5M | ||
| Q1 25 | $1.1B | $77.9M | ||
| Q4 24 | $728.0M | $55.4M | ||
| Q3 24 | $1.4B | $93.5M | ||
| Q2 24 | $1.1B | $97.8M |
毛利率MMMSSD
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 43.4% | ||
| Q3 25 | 41.8% | 46.4% | ||
| Q2 25 | 42.5% | 46.7% | ||
| Q1 25 | 41.6% | 46.8% | ||
| Q4 24 | 51.7% | 44.0% | ||
| Q3 24 | 42.1% | 46.8% | ||
| Q2 24 | 42.9% | 46.7% |
营业利润率MMMSSD
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 13.9% | ||
| Q3 25 | 22.2% | 22.6% | ||
| Q2 25 | 18.0% | 22.2% | ||
| Q1 25 | 20.9% | 19.0% | ||
| Q4 24 | 12.2% | 14.8% | ||
| Q3 24 | 20.9% | 21.3% | ||
| Q2 24 | 20.3% | 22.1% |
净利率MMMSSD
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 10.4% | ||
| Q3 25 | 12.8% | 17.2% | ||
| Q2 25 | 11.4% | 16.4% | ||
| Q1 25 | 18.7% | 14.5% | ||
| Q4 24 | 12.1% | 10.7% | ||
| Q3 24 | 21.8% | 15.9% | ||
| Q2 24 | 18.3% | 16.4% |
每股收益（稀释后）MMMSSD
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $1.34 | ||
| Q3 25 | $1.55 | $2.58 | ||
| Q2 25 | $1.34 | $2.47 | ||
| Q1 25 | $2.04 | $1.85 | ||
| Q4 24 | $1.33 | $1.31 | ||
| Q3 24 | $2.48 | $2.21 | ||
| 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 | $384.1M |
| 总债务越低越好 | $10.9B | $300.0M |
| 股东权益账面价值 | $3.3B | $2.0B |
| 总资产 | $35.4B | $3.1B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.15× |
8季度趋势，按日历期对齐
现金及短期投资MMMSSD
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $384.1M | ||
| Q3 25 | — | $297.3M | ||
| Q2 25 | — | $190.4M | ||
| Q1 25 | — | $150.3M | ||
| Q4 24 | — | $239.4M | ||
| Q3 24 | — | $339.4M | ||
| Q2 24 | — | $354.9M |
总债务MMMSSD
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $300.0M | ||
| Q3 25 | $12.6B | $371.3M | ||
| Q2 25 | $13.1B | $376.9M | ||
| Q1 25 | $13.5B | $382.5M | ||
| Q4 24 | $13.0B | $388.1M | ||
| Q3 24 | $13.2B | $393.8M | ||
| Q2 24 | $13.1B | $399.4M |
股东权益MMMSSD
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $2.0B | ||
| Q3 25 | $4.6B | $2.0B | ||
| Q2 25 | $4.3B | $1.9B | ||
| Q1 25 | $4.5B | $1.9B | ||
| Q4 24 | $3.8B | $1.8B | ||
| Q3 24 | $4.6B | $1.9B | ||
| Q2 24 | $3.9B | $1.8B |
总资产MMMSSD
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $3.1B | ||
| Q3 25 | $37.6B | $3.0B | ||
| Q2 25 | $38.0B | $3.0B | ||
| Q1 25 | $40.0B | $2.8B | ||
| Q4 24 | $39.9B | $2.7B | ||
| Q3 24 | $40.9B | $2.9B | ||
| Q2 24 | $43.4B | $2.8B |
负债/权益比MMMSSD
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.15× | ||
| Q3 25 | 2.72× | 0.19× | ||
| Q2 25 | 3.06× | 0.20× | ||
| Q1 25 | 3.02× | 0.21× | ||
| Q4 24 | 3.40× | 0.21× | ||
| Q3 24 | 2.84× | 0.21× | ||
| Q2 24 | 3.34× | 0.23× |
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 | — | $155.7M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $119.0M |
| 自由现金流率自由现金流/营收 | 33.6% | 22.1% |
| 资本支出强度资本支出/营收 | — | 6.8% |
| 现金转化率经营现金流/净利润 | — | 2.77× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $297.6M |
8季度趋势，按日历期对齐
经营现金流MMMSSD
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $155.7M | ||
| Q3 25 | $1.8B | $170.2M | ||
| Q2 25 | $-954.0M | $125.2M | ||
| Q1 25 | $-79.0M | $7.6M | ||
| Q4 24 | $1.8B | $115.8M | ||
| Q3 24 | $-1.8B | $103.3M | ||
| Q2 24 | $1.0B | $111.1M |
自由现金流MMMSSD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $119.0M | ||
| Q3 25 | $1.5B | $133.9M | ||
| Q2 25 | $-1.2B | $87.3M | ||
| Q1 25 | $-315.0M | $-42.6M | ||
| Q4 24 | $1.5B | $60.3M | ||
| Q3 24 | $-2.0B | $58.1M | ||
| Q2 24 | $752.0M | $70.9M |
自由现金流率MMMSSD
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 22.1% | ||
| Q3 25 | 23.6% | 21.5% | ||
| Q2 25 | -18.3% | 13.8% | ||
| Q1 25 | -5.3% | -7.9% | ||
| Q4 24 | 25.4% | 11.7% | ||
| Q3 24 | -32.3% | 9.9% | ||
| Q2 24 | 12.0% | 11.9% |
资本支出强度MMMSSD
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 6.8% | ||
| Q3 25 | 3.3% | 5.8% | ||
| Q2 25 | 3.3% | 6.0% | ||
| Q1 25 | 4.0% | 9.3% | ||
| Q4 24 | 4.8% | 10.7% | ||
| Q3 24 | 3.9% | 7.7% | ||
| Q2 24 | 4.3% | 6.7% |
现金转化率MMMSSD
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 2.77× | ||
| Q3 25 | 2.11× | 1.58× | ||
| Q2 25 | -1.32× | 1.21× | ||
| Q1 25 | -0.07× | 0.10× | ||
| Q4 24 | 2.50× | 2.09× | ||
| Q3 24 | -1.30× | 1.10× | ||
| Q2 24 | 0.89× | 1.14× |
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% |
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
