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3M（MMM）与TENNANT CO（TNC）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TENNANT CO的20.7倍（$6.0B vs $291.6M）。3M净利率更高（10.8% vs -1.5%，领先12.3%）。3M同比增速更快（1.3% vs -11.3%）。3M自由现金流更多（$2.0B vs $9.7M）。过去两年3M的营收复合增速更高（-1.8% vs -3.2%）
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。
天纳公司（Tennant Company）是一家清洁产品供应商，拥有约4000名员工，其股票在纽约证券交易所挂牌上市，专注为各类商业及工业场景提供专业清洁相关产品与解决方案。
MMM vs TNC — 直观对比
营收规模更大
MMM
是对方的20.7倍
$291.6M
营收增速更快
MMM
高出12.6%
-11.3%
净利率更高
MMM
高出12.3%
-1.5%
自由现金流更多
MMM
多$2.0B
$9.7M
两年增速更快
MMM
近两年复合增速
-3.2%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $291.6M |
| 净利润 | $653.0M | $-4.4M |
| 毛利率 | 40.7% | 34.6% |
| 营业利润率 | 23.2% | -1.4% |
| 净利率 | 10.8% | -1.5% |
| 营收同比 | 1.3% | -11.3% |
| 净利润同比 | -41.5% | -166.7% |
| 每股收益（稀释后） | $1.23 | $-0.21 |
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MMMTNC
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $291.6M | ||
| Q3 25 | $6.5B | $303.3M | ||
| Q2 25 | $6.3B | $318.6M | ||
| Q1 25 | $6.0B | $290.0M | ||
| Q4 24 | $6.0B | $328.9M | ||
| Q3 24 | $6.3B | $315.8M | ||
| Q2 24 | $6.3B | $331.0M |
净利润MMMTNC
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-4.4M | ||
| Q3 25 | $834.0M | $14.9M | ||
| Q2 25 | $723.0M | $20.2M | ||
| Q1 25 | $1.1B | $13.1M | ||
| Q4 24 | $728.0M | $6.6M | ||
| Q3 24 | $1.4B | $20.8M | ||
| Q2 24 | $1.1B | $27.9M |
毛利率MMMTNC
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 34.6% | ||
| Q3 25 | 41.8% | 42.7% | ||
| Q2 25 | 42.5% | 42.1% | ||
| Q1 25 | 41.6% | 41.4% | ||
| Q4 24 | 51.7% | 41.3% | ||
| Q3 24 | 42.1% | 42.4% | ||
| Q2 24 | 42.9% | 43.1% |
营业利润率MMMTNC
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | -1.4% | ||
| Q3 25 | 22.2% | 7.4% | ||
| Q2 25 | 18.0% | 9.6% | ||
| Q1 25 | 20.9% | 6.8% | ||
| Q4 24 | 12.2% | 2.3% | ||
| Q3 24 | 20.9% | 9.7% | ||
| Q2 24 | 20.3% | 11.7% |
净利率MMMTNC
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -1.5% | ||
| Q3 25 | 12.8% | 4.9% | ||
| Q2 25 | 11.4% | 6.3% | ||
| Q1 25 | 18.7% | 4.5% | ||
| Q4 24 | 12.1% | 2.0% | ||
| Q3 24 | 21.8% | 6.6% | ||
| Q2 24 | 18.3% | 8.4% |
每股收益（稀释后）MMMTNC
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-0.21 | ||
| Q3 25 | $1.55 | $0.80 | ||
| Q2 25 | $1.34 | $1.08 | ||
| Q1 25 | $2.04 | $0.69 | ||
| Q4 24 | $1.33 | $0.35 | ||
| Q3 24 | $2.48 | $1.09 | ||
| Q2 24 | $2.07 | $1.45 |
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 | — |
| 总债务越低越好 | $10.9B | $273.2M |
| 股东权益账面价值 | $3.3B | $601.6M |
| 总资产 | $35.4B | $1.3B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资MMMTNC
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务MMMTNC
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $273.2M | ||
| Q3 25 | $12.6B | $238.3M | ||
| Q2 25 | $13.1B | $213.4M | ||
| Q1 25 | $13.5B | $213.3M | ||
| Q4 24 | $13.0B | $198.2M | ||
| Q3 24 | $13.2B | $208.6M | ||
| Q2 24 | $13.1B | $205.6M |
股东权益MMMTNC
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $601.6M | ||
| Q3 25 | $4.6B | $640.9M | ||
| Q2 25 | $4.3B | $651.9M | ||
| Q1 25 | $4.5B | $624.4M | ||
| Q4 24 | $3.8B | $620.8M | ||
| Q3 24 | $4.6B | $647.2M | ||
| Q2 24 | $3.9B | $624.6M |
总资产MMMTNC
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $1.3B | ||
| Q3 25 | $37.6B | $1.3B | ||
| Q2 25 | $38.0B | $1.2B | ||
| Q1 25 | $40.0B | $1.2B | ||
| Q4 24 | $39.9B | $1.2B | ||
| Q3 24 | $40.9B | $1.2B | ||
| Q2 24 | $43.4B | $1.2B |
负债/权益比MMMTNC
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.45× | ||
| Q3 25 | 2.72× | 0.37× | ||
| Q2 25 | 3.06× | 0.33× | ||
| Q1 25 | 3.02× | 0.34× | ||
| Q4 24 | 3.40× | 0.32× | ||
| Q3 24 | 2.84× | 0.32× | ||
| Q2 24 | 3.34× | 0.33× |
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 | — | $14.2M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $9.7M |
| 自由现金流率自由现金流/营收 | 33.6% | 3.3% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 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 | $43.3M |
8季度趋势，按日历期对齐
经营现金流MMMTNC
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $14.2M | ||
| Q3 25 | $1.8B | $28.7M | ||
| Q2 25 | $-954.0M | $22.5M | ||
| Q1 25 | $-79.0M | $-400.0K | ||
| Q4 24 | $1.8B | $37.5M | ||
| Q3 24 | $-1.8B | $30.7M | ||
| Q2 24 | $1.0B | $18.6M |
自由现金流MMMTNC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $9.7M | ||
| Q3 25 | $1.5B | $22.3M | ||
| Q2 25 | $-1.2B | $18.7M | ||
| Q1 25 | $-315.0M | $-7.4M | ||
| Q4 24 | $1.5B | $28.1M | ||
| Q3 24 | $-2.0B | $26.4M | ||
| Q2 24 | $752.0M | $14.4M |
自由现金流率MMMTNC
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 3.3% | ||
| Q3 25 | 23.6% | 7.4% | ||
| Q2 25 | -18.3% | 5.9% | ||
| Q1 25 | -5.3% | -2.6% | ||
| Q4 24 | 25.4% | 8.5% | ||
| Q3 24 | -32.3% | 8.4% | ||
| Q2 24 | 12.0% | 4.4% |
资本支出强度MMMTNC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 1.5% | ||
| Q3 25 | 3.3% | 2.1% | ||
| Q2 25 | 3.3% | 1.2% | ||
| Q1 25 | 4.0% | 2.4% | ||
| Q4 24 | 4.8% | 2.9% | ||
| Q3 24 | 3.9% | 1.4% | ||
| Q2 24 | 4.3% | 1.3% |
现金转化率MMMTNC
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.11× | 1.93× | ||
| Q2 25 | -1.32× | 1.11× | ||
| Q1 25 | -0.07× | -0.03× | ||
| Q4 24 | 2.50× | 5.68× | ||
| Q3 24 | -1.30× | 1.48× | ||
| Q2 24 | 0.89× | 0.67× |
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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
