vs
3M（MMM）与STANDEX INTERNATIONAL CORP（SXI）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STANDEX INTERNATIONAL CORP的27.2倍（$6.0B vs $221.3M）。3M净利率更高（10.8% vs 1.0%，领先9.9%）。STANDEX INTERNATIONAL CORP同比增速更快（16.6% vs 1.3%）。3M自由现金流更多（$2.0B vs $12.9M）。过去两年STANDEX INTERNATIONAL CORP的营收复合增速更高（11.7% 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。
Stanex International是一家多元化跨国制造企业，业务覆盖电子、雕刻、科学仪器、工程技术及特种解决方案五大板块，在美、欧、加、日、新、墨、土、印、中多地设有运营主体，全球共设12个业务单元及5个汇报板块，旗下拥有Bakers Pride等多个子品牌。
MMM vs SXI — 直观对比
营收规模更大
MMM
是对方的27.2倍
$221.3M
营收增速更快
SXI
高出15.3%
1.3%
净利率更高
MMM
高出9.9%
1.0%
自由现金流更多
MMM
多$2.0B
$12.9M
两年增速更快
SXI
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $221.3M |
| 净利润 | $653.0M | $2.1M |
| 毛利率 | 40.7% | 41.7% |
| 营业利润率 | 23.2% | 16.1% |
| 净利率 | 10.8% | 1.0% |
| 营收同比 | 1.3% | 16.6% |
| 净利润同比 | -41.5% | 147.4% |
| 每股收益（稀释后） | $1.23 | $0.17 |
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MMMSXI
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $221.3M | ||
| Q3 25 | $6.5B | $217.4M | ||
| Q2 25 | $6.3B | $222.0M | ||
| Q1 25 | $6.0B | $207.8M | ||
| Q4 24 | $6.0B | $189.8M | ||
| Q3 24 | $6.3B | $170.5M | ||
| Q2 24 | $6.3B | $180.2M |
净利润MMMSXI
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $2.1M | ||
| Q3 25 | $834.0M | $15.1M | ||
| Q2 25 | $723.0M | $14.8M | ||
| Q1 25 | $1.1B | $21.9M | ||
| Q4 24 | $728.0M | $857.0K | ||
| Q3 24 | $1.4B | $18.2M | ||
| Q2 24 | $1.1B | $19.6M |
毛利率MMMSXI
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 41.7% | ||
| Q3 25 | 41.8% | 41.6% | ||
| Q2 25 | 42.5% | 41.1% | ||
| Q1 25 | 41.6% | 39.7% | ||
| Q4 24 | 51.7% | 37.6% | ||
| Q3 24 | 42.1% | 41.1% | ||
| Q2 24 | 42.9% | 38.5% |
营业利润率MMMSXI
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 16.1% | ||
| Q3 25 | 22.2% | 13.6% | ||
| Q2 25 | 18.0% | 15.6% | ||
| Q1 25 | 20.9% | 12.6% | ||
| Q4 24 | 12.2% | 4.5% | ||
| Q3 24 | 20.9% | 14.1% | ||
| Q2 24 | 20.3% | 15.1% |
净利率MMMSXI
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 1.0% | ||
| Q3 25 | 12.8% | 6.9% | ||
| Q2 25 | 11.4% | 6.7% | ||
| Q1 25 | 18.7% | 10.5% | ||
| Q4 24 | 12.1% | 0.5% | ||
| Q3 24 | 21.8% | 10.7% | ||
| Q2 24 | 18.3% | 10.9% |
每股收益（稀释后）MMMSXI
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.17 | ||
| Q3 25 | $1.55 | $1.25 | ||
| Q2 25 | $1.34 | $1.23 | ||
| Q1 25 | $2.04 | $1.81 | ||
| Q4 24 | $1.33 | $0.07 | ||
| Q3 24 | $2.48 | $1.53 | ||
| Q2 24 | $2.07 | $1.64 |
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 | $97.0M |
| 总债务越低越好 | $10.9B | $534.7M |
| 股东权益账面价值 | $3.3B | $700.2M |
| 总资产 | $35.4B | $1.6B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.76× |
8季度趋势，按日历期对齐
现金及短期投资MMMSXI
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $97.0M | ||
| Q3 25 | — | $98.7M | ||
| Q2 25 | — | $104.5M | ||
| Q1 25 | — | $109.8M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $164.6M | ||
| Q2 24 | — | $154.2M |
总债务MMMSXI
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $534.7M | ||
| Q3 25 | $12.6B | $544.6M | ||
| Q2 25 | $13.1B | $552.5M | ||
| Q1 25 | $13.5B | $579.4M | ||
| Q4 24 | $13.0B | $534.3M | ||
| Q3 24 | $13.2B | $149.0M | ||
| Q2 24 | $13.1B | $148.9M |
股东权益MMMSXI
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $700.2M | ||
| Q3 25 | $4.6B | $707.7M | ||
| Q2 25 | $4.3B | $711.7M | ||
| Q1 25 | $4.5B | $686.9M | ||
| Q4 24 | $3.8B | $656.0M | ||
| Q3 24 | $4.6B | $658.0M | ||
| Q2 24 | $3.9B | $621.5M |
总资产MMMSXI
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $1.6B | ||
| Q3 25 | $37.6B | $1.6B | ||
| Q2 25 | $38.0B | $1.6B | ||
| Q1 25 | $40.0B | $1.6B | ||
| Q4 24 | $39.9B | $1.5B | ||
| Q3 24 | $40.9B | $1.0B | ||
| Q2 24 | $43.4B | $1.0B |
负债/权益比MMMSXI
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.76× | ||
| Q3 25 | 2.72× | 0.77× | ||
| Q2 25 | 3.06× | 0.78× | ||
| Q1 25 | 3.02× | 0.84× | ||
| Q4 24 | 3.40× | 0.81× | ||
| Q3 24 | 2.84× | 0.23× | ||
| Q2 24 | 3.34× | 0.24× |
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 | — | $20.6M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $12.9M |
| 自由现金流率自由现金流/营收 | 33.6% | 5.8% |
| 资本支出强度资本支出/营收 | — | 3.5% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $51.6M |
8季度趋势，按日历期对齐
经营现金流MMMSXI
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $20.6M | ||
| Q3 25 | $1.8B | $16.8M | ||
| Q2 25 | $-954.0M | $33.4M | ||
| Q1 25 | $-79.0M | $9.5M | ||
| Q4 24 | $1.8B | $9.1M | ||
| Q3 24 | $-1.8B | $17.6M | ||
| Q2 24 | $1.0B | $28.5M |
自由现金流MMMSXI
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $12.9M | ||
| Q3 25 | $1.5B | $10.4M | ||
| Q2 25 | $-1.2B | $24.8M | ||
| Q1 25 | $-315.0M | $3.5M | ||
| Q4 24 | $1.5B | $2.1M | ||
| Q3 24 | $-2.0B | $10.8M | ||
| Q2 24 | $752.0M | $22.0M |
自由现金流率MMMSXI
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 5.8% | ||
| Q3 25 | 23.6% | 4.8% | ||
| Q2 25 | -18.3% | 11.2% | ||
| Q1 25 | -5.3% | 1.7% | ||
| Q4 24 | 25.4% | 1.1% | ||
| Q3 24 | -32.3% | 6.4% | ||
| Q2 24 | 12.0% | 12.2% |
资本支出强度MMMSXI
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 3.5% | ||
| Q3 25 | 3.3% | 3.0% | ||
| Q2 25 | 3.3% | 3.9% | ||
| Q1 25 | 4.0% | 2.9% | ||
| Q4 24 | 4.8% | 3.7% | ||
| Q3 24 | 3.9% | 3.9% | ||
| Q2 24 | 4.3% | 3.6% |
现金转化率MMMSXI
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 9.70× | ||
| Q3 25 | 2.11× | 1.12× | ||
| Q2 25 | -1.32× | 2.25× | ||
| Q1 25 | -0.07× | 0.44× | ||
| Q4 24 | 2.50× | 10.57× | ||
| Q3 24 | -1.30× | 0.97× | ||
| Q2 24 | 0.89× | 1.46× |
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% |
SXI
| Electronics Products Group | $115.7M | 52% |
| Engraving Services | $33.0M | 15% |
| Engineering Technologies Components | $30.6M | 14% |
| Transferred Over Time | $21.2M | 10% |
| Hydraulics Cylinders And System | $11.4M | 5% |
| Merchandising Display | $8.4M | 4% |
| Engraving Products | $2.7M | 1% |
