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3M（MMM）与Stagwell Inc（STGW）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Stagwell Inc的7.5倍（$6.0B vs $807.4M）。3M净利率更高（10.8% vs 1.6%，领先9.3%）。Stagwell Inc同比增速更快（2.4% vs 1.3%）。3M自由现金流更多（$2.0B vs $242.9M）。过去两年Stagwell Inc的营收复合增速更高（9.8% 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。
Stagwell Inc是一家全球营销传播集团，由马克·佩恩于2015年创立，前身为Stagwell Group。2020年集团宣布计划与关联企业MDC Partners合并，该合并交易于2021年8月正式完成，目前业务覆盖全球多个市场，为客户提供整合营销、品牌传播等专业服务。
MMM vs STGW — 直观对比
营收规模更大
MMM
是对方的7.5倍
$807.4M
营收增速更快
STGW
高出1.1%
1.3%
净利率更高
MMM
高出9.3%
1.6%
自由现金流更多
MMM
多$1.8B
$242.9M
两年增速更快
STGW
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $807.4M |
| 净利润 | $653.0M | $12.7M |
| 毛利率 | 40.7% | 37.6% |
| 营业利润率 | 23.2% | 7.0% |
| 净利率 | 10.8% | 1.6% |
| 营收同比 | 1.3% | 2.4% |
| 净利润同比 | -41.5% | 291.3% |
| 每股收益（稀释后） | $1.23 | — |
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MMMSTGW
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $807.4M | ||
| Q3 25 | $6.5B | $743.0M | ||
| Q2 25 | $6.3B | $706.8M | ||
| Q1 25 | $6.0B | $651.7M | ||
| Q4 24 | $6.0B | $788.7M | ||
| Q3 24 | $6.3B | $711.3M | ||
| Q2 24 | $6.3B | $671.2M |
净利润MMMSTGW
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $12.7M | ||
| Q3 25 | $834.0M | $24.6M | ||
| Q2 25 | $723.0M | $-5.3M | ||
| Q1 25 | $1.1B | $-2.9M | ||
| Q4 24 | $728.0M | $3.2M | ||
| Q3 24 | $1.4B | $3.3M | ||
| Q2 24 | $1.1B | $-3.0M |
毛利率MMMSTGW
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 37.6% | ||
| Q3 25 | 41.8% | 36.6% | ||
| Q2 25 | 42.5% | 35.0% | ||
| Q1 25 | 41.6% | 36.8% | ||
| Q4 24 | 51.7% | 36.3% | ||
| Q3 24 | 42.1% | 35.7% | ||
| Q2 24 | 42.9% | 34.6% |
营业利润率MMMSTGW
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 7.0% | ||
| Q3 25 | 22.2% | 8.2% | ||
| Q2 25 | 18.0% | 3.3% | ||
| Q1 25 | 20.9% | 2.8% | ||
| Q4 24 | 12.2% | 5.5% | ||
| Q3 24 | 20.9% | 5.9% | ||
| Q2 24 | 20.3% | 3.3% |
净利率MMMSTGW
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 1.6% | ||
| Q3 25 | 12.8% | 3.3% | ||
| Q2 25 | 11.4% | -0.7% | ||
| Q1 25 | 18.7% | -0.4% | ||
| Q4 24 | 12.1% | 0.4% | ||
| Q3 24 | 21.8% | 0.5% | ||
| Q2 24 | 18.3% | -0.4% |
每股收益（稀释后）MMMSTGW
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | — | ||
| Q3 25 | $1.55 | — | ||
| Q2 25 | $1.34 | — | ||
| Q1 25 | $2.04 | — | ||
| Q4 24 | $1.33 | — | ||
| Q3 24 | $2.48 | — | ||
| Q2 24 | $2.07 | — |
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 | $104.5M |
| 总债务越低越好 | $10.9B | $1.3B |
| 股东权益账面价值 | $3.3B | $758.4M |
| 总资产 | $35.4B | $4.2B |
| 负债/权益比越低杠杆越低 | 3.29× | 1.75× |
8季度趋势，按日历期对齐
现金及短期投资MMMSTGW
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $104.5M | ||
| Q3 25 | — | $132.2M | ||
| Q2 25 | — | $181.3M | ||
| Q1 25 | — | $137.7M | ||
| Q4 24 | — | $131.3M | ||
| Q3 24 | — | $145.8M | ||
| Q2 24 | — | $136.1M |
总债务MMMSTGW
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $1.3B | ||
| Q3 25 | $12.6B | $1.5B | ||
| Q2 25 | $13.1B | $1.5B | ||
| Q1 25 | $13.5B | $1.5B | ||
| Q4 24 | $13.0B | $1.4B | ||
| Q3 24 | $13.2B | $1.5B | ||
| Q2 24 | $13.1B | $1.4B |
股东权益MMMSTGW
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $758.4M | ||
| Q3 25 | $4.6B | $749.0M | ||
| Q2 25 | $4.3B | $750.1M | ||
| Q1 25 | $4.5B | $334.4M | ||
| Q4 24 | $3.8B | $331.7M | ||
| Q3 24 | $4.6B | $286.4M | ||
| Q2 24 | $3.9B | $291.6M |
总资产MMMSTGW
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $4.2B | ||
| Q3 25 | $37.6B | $4.3B | ||
| Q2 25 | $38.0B | $4.3B | ||
| Q1 25 | $40.0B | $4.0B | ||
| Q4 24 | $39.9B | $3.9B | ||
| Q3 24 | $40.9B | $3.8B | ||
| Q2 24 | $43.4B | $3.8B |
负债/权益比MMMSTGW
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 1.75× | ||
| Q3 25 | 2.72× | 2.04× | ||
| Q2 25 | 3.06× | 1.95× | ||
| Q1 25 | 3.02× | 4.38× | ||
| Q4 24 | 3.40× | 4.08× | ||
| Q3 24 | 2.84× | 5.11× | ||
| Q2 24 | 3.34× | 4.88× |
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 | — | $260.3M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $242.9M |
| 自由现金流率自由现金流/营收 | 33.6% | 30.1% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | — | 20.56× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $247.3M |
8季度趋势，按日历期对齐
经营现金流MMMSTGW
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $260.3M | ||
| Q3 25 | $1.8B | $-24.0M | ||
| Q2 25 | $-954.0M | $114.8M | ||
| Q1 25 | $-79.0M | $-60.0M | ||
| Q4 24 | $1.8B | $212.1M | ||
| Q3 24 | $-1.8B | $-1.6M | ||
| Q2 24 | $1.0B | $-14.5M |
自由现金流MMMSTGW
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $242.9M | ||
| Q3 25 | $1.5B | $-38.8M | ||
| Q2 25 | $-1.2B | $107.1M | ||
| Q1 25 | $-315.0M | $-63.9M | ||
| Q4 24 | $1.5B | $209.9M | ||
| Q3 24 | $-2.0B | $-4.3M | ||
| Q2 24 | $752.0M | $-23.0M |
自由现金流率MMMSTGW
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 30.1% | ||
| Q3 25 | 23.6% | -5.2% | ||
| Q2 25 | -18.3% | 15.1% | ||
| Q1 25 | -5.3% | -9.8% | ||
| Q4 24 | 25.4% | 26.6% | ||
| Q3 24 | -32.3% | -0.6% | ||
| Q2 24 | 12.0% | -3.4% |
资本支出强度MMMSTGW
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 2.2% | ||
| Q3 25 | 3.3% | 2.0% | ||
| Q2 25 | 3.3% | 1.1% | ||
| Q1 25 | 4.0% | 0.6% | ||
| Q4 24 | 4.8% | 0.3% | ||
| Q3 24 | 3.9% | 0.4% | ||
| Q2 24 | 4.3% | 1.3% |
现金转化率MMMSTGW
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 20.56× | ||
| Q3 25 | 2.11× | -0.98× | ||
| Q2 25 | -1.32× | — | ||
| Q1 25 | -0.07× | — | ||
| Q4 24 | 2.50× | 65.56× | ||
| Q3 24 | -1.30× | -0.49× | ||
| 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% |
STGW
暂无分部数据
