vs
3M（MMM）与TECOGEN INC.（TGEN）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TECOGEN INC.的1133.9倍（$6.0B vs $5.3M）。3M净利率更高（10.8% vs -75.1%，领先85.9%）。3M同比增速更快（1.3% vs -12.5%）。3M自由现金流更多（$2.0B vs $-2.6M）。过去两年3M的营收复合增速更高（-1.8% vs -7.3%）
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。
MMM vs TGEN — 直观对比
营收规模更大
MMM
是对方的1133.9倍
$5.3M
营收增速更快
MMM
高出13.8%
-12.5%
净利率更高
MMM
高出85.9%
-75.1%
自由现金流更多
MMM
多$2.0B
$-2.6M
两年增速更快
MMM
近两年复合增速
-7.3%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $5.3M |
| 净利润 | $653.0M | $-4.0M |
| 毛利率 | 40.7% | 36.8% |
| 营业利润率 | 23.2% | -77.8% |
| 净利率 | 10.8% | -75.1% |
| 营收同比 | 1.3% | -12.5% |
| 净利润同比 | -41.5% | -236.7% |
| 每股收益（稀释后） | $1.23 | $-0.14 |
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MMMTGEN
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $5.3M | ||
| Q3 25 | $6.5B | $7.2M | ||
| Q2 25 | $6.3B | $7.3M | ||
| Q1 25 | $6.0B | $7.3M | ||
| Q4 24 | $6.0B | $6.1M | ||
| Q3 24 | $6.3B | $5.6M | ||
| Q2 24 | $6.3B | $4.7M |
净利润MMMTGEN
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-4.0M | ||
| Q3 25 | $834.0M | $-2.1M | ||
| Q2 25 | $723.0M | $-1.5M | ||
| Q1 25 | $1.1B | $-659.9K | ||
| Q4 24 | $728.0M | $-1.2M | ||
| Q3 24 | $1.4B | $-930.4K | ||
| Q2 24 | $1.1B | $-1.5M |
毛利率MMMTGEN
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 36.8% | ||
| Q3 25 | 41.8% | 30.4% | ||
| Q2 25 | 42.5% | 33.8% | ||
| Q1 25 | 41.6% | 44.3% | ||
| Q4 24 | 51.7% | 45.0% | ||
| Q3 24 | 42.1% | 44.1% | ||
| Q2 24 | 42.9% | 44.0% |
营业利润率MMMTGEN
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | -77.8% | ||
| Q3 25 | 22.2% | -29.2% | ||
| Q2 25 | 18.0% | -19.4% | ||
| Q1 25 | 20.9% | -8.2% | ||
| Q4 24 | 12.2% | -18.7% | ||
| Q3 24 | 20.9% | -15.5% | ||
| Q2 24 | 20.3% | -31.2% |
净利率MMMTGEN
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -75.1% | ||
| Q3 25 | 12.8% | -29.7% | ||
| Q2 25 | 11.4% | -20.1% | ||
| Q1 25 | 18.7% | -9.1% | ||
| Q4 24 | 12.1% | -19.5% | ||
| Q3 24 | 21.8% | -16.5% | ||
| Q2 24 | 18.3% | -32.5% |
每股收益（稀释后）MMMTGEN
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-0.14 | ||
| Q3 25 | $1.55 | $-0.07 | ||
| Q2 25 | $1.34 | $-0.06 | ||
| Q1 25 | $2.04 | $-0.03 | ||
| Q4 24 | $1.33 | $-0.05 | ||
| Q3 24 | $2.48 | $-0.04 | ||
| Q2 24 | $2.07 | $-0.06 |
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 | $12.4M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $21.6M |
| 总资产 | $35.4B | $37.0M |
| 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MMMTGEN
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $12.4M | ||
| Q3 25 | — | $15.3M | ||
| Q2 25 | — | $1.6M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | — | $5.4M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $841.9K |
总债务MMMTGEN
| 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MMMTGEN
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $21.6M | ||
| Q3 25 | $4.6B | $25.5M | ||
| Q2 25 | $4.3B | $9.1M | ||
| Q1 25 | $4.5B | $9.6M | ||
| Q4 24 | $3.8B | $10.2M | ||
| Q3 24 | $4.6B | $11.3M | ||
| Q2 24 | $3.9B | $12.2M |
总资产MMMTGEN
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $37.0M | ||
| Q3 25 | $37.6B | $41.5M | ||
| Q2 25 | $38.0B | $28.4M | ||
| Q1 25 | $40.0B | $29.7M | ||
| Q4 24 | $39.9B | $31.1M | ||
| Q3 24 | $40.9B | $27.5M | ||
| Q2 24 | $43.4B | $27.2M |
负债/权益比MMMTGEN
| 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 | — | $-2.6M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $-2.6M |
| 自由现金流率自由现金流/营收 | 33.6% | -49.3% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 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 | $-10.3M |
8季度趋势，按日历期对齐
经营现金流MMMTGEN
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $-2.6M | ||
| Q3 25 | $1.8B | $-3.6M | ||
| Q2 25 | $-954.0M | $-2.6M | ||
| Q1 25 | $-79.0M | $-1.2M | ||
| Q4 24 | $1.8B | $4.2M | ||
| Q3 24 | $-1.8B | $-207.3K | ||
| Q2 24 | $1.0B | $-157.9K |
自由现金流MMMTGEN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $-2.6M | ||
| Q3 25 | $1.5B | $-3.6M | ||
| Q2 25 | $-1.2B | $-2.7M | ||
| Q1 25 | $-315.0M | $-1.3M | ||
| Q4 24 | $1.5B | $4.0M | ||
| Q3 24 | $-2.0B | $-489.6K | ||
| Q2 24 | $752.0M | $-609.6K |
自由现金流率MMMTGEN
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | -49.3% | ||
| Q3 25 | 23.6% | -50.6% | ||
| Q2 25 | -18.3% | -37.7% | ||
| Q1 25 | -5.3% | -17.9% | ||
| Q4 24 | 25.4% | 66.6% | ||
| Q3 24 | -32.3% | -8.7% | ||
| Q2 24 | 12.0% | -12.9% |
资本支出强度MMMTGEN
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.9% | ||
| Q3 25 | 3.3% | 1.0% | ||
| Q2 25 | 3.3% | 2.0% | ||
| Q1 25 | 4.0% | 1.8% | ||
| Q4 24 | 4.8% | 2.1% | ||
| Q3 24 | 3.9% | 5.0% | ||
| Q2 24 | 4.3% | 9.6% |
现金转化率MMMTGEN
| 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% |
TGEN
| Installation Services | $4.5M | 84% |
| Products Segment | $460.5K | 9% |
| Other | $394.7K | 7% |
