vs
3M（MMM）与TUTOR PERINI CORP（TPC）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TUTOR PERINI CORP的4.0倍（$6.0B vs $1.5B）。3M净利率更高（10.8% vs 1.9%，领先8.9%）。TUTOR PERINI CORP同比增速更快（41.2% vs 1.3%）。3M自由现金流更多（$2.0B vs $98.7M）。过去两年TUTOR PERINI CORP的营收复合增速更高（19.9% 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。
Tutor Perini集团是美国顶尖的大型总承包商之一，2008年由Perini公司与Tutor-Saliba公司合并成立，总部位于加利福尼亚州西尔马。公司业务覆盖北美全境，2024年营收约43.3亿美元，核心业务涵盖桥梁、公路、隧道、机场、公共交通系统等民用基建项目，同时也涉足建筑工程领域。
MMM vs TPC — 直观对比
营收规模更大
MMM
是对方的4.0倍
$1.5B
营收增速更快
TPC
高出39.9%
1.3%
净利率更高
MMM
高出8.9%
1.9%
自由现金流更多
MMM
多$1.9B
$98.7M
两年增速更快
TPC
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $1.5B |
| 净利润 | $653.0M | $28.8M |
| 毛利率 | 40.7% | 9.8% |
| 营业利润率 | 23.2% | 3.3% |
| 净利率 | 10.8% | 1.9% |
| 营收同比 | 1.3% | 41.2% |
| 净利润同比 | -41.5% | 136.3% |
| 每股收益（稀释后） | $1.23 | $0.53 |
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MMMTPC
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $1.5B | ||
| Q3 25 | $6.5B | $1.4B | ||
| Q2 25 | $6.3B | $1.4B | ||
| Q1 25 | $6.0B | $1.2B | ||
| Q4 24 | $6.0B | $1.1B | ||
| Q3 24 | $6.3B | $1.1B | ||
| Q2 24 | $6.3B | $1.1B |
净利润MMMTPC
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $28.8M | ||
| Q3 25 | $834.0M | $3.6M | ||
| Q2 25 | $723.0M | $20.0M | ||
| Q1 25 | $1.1B | $28.0M | ||
| Q4 24 | $728.0M | $-79.4M | ||
| Q3 24 | $1.4B | $-100.9M | ||
| Q2 24 | $1.1B | $812.0K |
毛利率MMMTPC
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 9.8% | ||
| Q3 25 | 41.8% | 12.0% | ||
| Q2 25 | 42.5% | 14.3% | ||
| Q1 25 | 41.6% | 10.8% | ||
| Q4 24 | 51.7% | -0.9% | ||
| Q3 24 | 42.1% | -2.4% | ||
| Q2 24 | 42.9% | 10.4% |
营业利润率MMMTPC
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 3.3% | ||
| Q3 25 | 22.2% | 2.8% | ||
| Q2 25 | 18.0% | 5.6% | ||
| Q1 25 | 20.9% | 5.2% | ||
| Q4 24 | 12.2% | -8.1% | ||
| Q3 24 | 20.9% | -9.9% | ||
| Q2 24 | 20.3% | 3.6% |
净利率MMMTPC
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 1.9% | ||
| Q3 25 | 12.8% | 0.3% | ||
| Q2 25 | 11.4% | 1.5% | ||
| Q1 25 | 18.7% | 2.2% | ||
| Q4 24 | 12.1% | -7.4% | ||
| Q3 24 | 21.8% | -9.3% | ||
| Q2 24 | 18.3% | 0.1% |
每股收益（稀释后）MMMTPC
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.53 | ||
| Q3 25 | $1.55 | $0.07 | ||
| Q2 25 | $1.34 | $0.38 | ||
| Q1 25 | $2.04 | $0.53 | ||
| Q4 24 | $1.33 | $-1.53 | ||
| Q3 24 | $2.48 | $-1.92 | ||
| Q2 24 | $2.07 | $0.02 |
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 | $734.6M |
| 总债务越低越好 | $10.9B | $407.4M |
| 股东权益账面价值 | $3.3B | $1.2B |
| 总资产 | $35.4B | $5.2B |
| 负债/权益比越低杠杆越低 | 3.29× | 0.33× |
8季度趋势，按日历期对齐
现金及短期投资MMMTPC
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $734.6M | ||
| Q3 25 | — | $695.7M | ||
| Q2 25 | — | $526.1M | ||
| Q1 25 | — | $276.5M | ||
| Q4 24 | — | $455.1M | ||
| Q3 24 | — | $287.4M | ||
| Q2 24 | — | $267.1M |
总债务MMMTPC
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $407.4M | ||
| Q3 25 | $12.6B | $413.1M | ||
| Q2 25 | $13.1B | $419.4M | ||
| Q1 25 | $13.5B | $405.6M | ||
| Q4 24 | $13.0B | $534.1M | ||
| Q3 24 | $13.2B | $681.4M | ||
| Q2 24 | $13.1B | $676.4M |
股东权益MMMTPC
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $1.2B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $4.3B | $1.2B | ||
| Q1 25 | $4.5B | $1.2B | ||
| Q4 24 | $3.8B | $1.1B | ||
| Q3 24 | $4.6B | $1.2B | ||
| Q2 24 | $3.9B | $1.3B |
总资产MMMTPC
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $5.2B | ||
| Q3 25 | $37.6B | $5.2B | ||
| Q2 25 | $38.0B | $4.9B | ||
| Q1 25 | $40.0B | $4.5B | ||
| Q4 24 | $39.9B | $4.2B | ||
| Q3 24 | $40.9B | $4.4B | ||
| Q2 24 | $43.4B | $4.3B |
负债/权益比MMMTPC
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.33× | ||
| Q3 25 | 2.72× | 0.35× | ||
| Q2 25 | 3.06× | 0.35× | ||
| Q1 25 | 3.02× | 0.35× | ||
| Q4 24 | 3.40× | 0.47× | ||
| Q3 24 | 2.84× | 0.56× | ||
| Q2 24 | 3.34× | 0.52× |
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 | — | $173.7M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $98.7M |
| 自由现金流率自由现金流/营收 | 33.6% | 6.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | 6.02× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $567.2M |
8季度趋势，按日历期对齐
经营现金流MMMTPC
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $173.7M | ||
| Q3 25 | $1.8B | $289.1M | ||
| Q2 25 | $-954.0M | $262.4M | ||
| Q1 25 | $-79.0M | $22.9M | ||
| Q4 24 | $1.8B | $329.6M | ||
| Q3 24 | $-1.8B | $22.6M | ||
| Q2 24 | $1.0B | $53.1M |
自由现金流MMMTPC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $98.7M | ||
| Q3 25 | $1.5B | $240.2M | ||
| Q2 25 | $-1.2B | $235.6M | ||
| Q1 25 | $-315.0M | $-7.2M | ||
| Q4 24 | $1.5B | $320.4M | ||
| Q3 24 | $-2.0B | $15.6M | ||
| Q2 24 | $752.0M | $42.2M |
自由现金流率MMMTPC
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 6.5% | ||
| Q3 25 | 23.6% | 17.0% | ||
| Q2 25 | -18.3% | 17.1% | ||
| Q1 25 | -5.3% | -0.6% | ||
| Q4 24 | 25.4% | 30.0% | ||
| Q3 24 | -32.3% | 1.4% | ||
| Q2 24 | 12.0% | 3.7% |
资本支出强度MMMTPC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 5.0% | ||
| Q3 25 | 3.3% | 3.5% | ||
| Q2 25 | 3.3% | 2.0% | ||
| Q1 25 | 4.0% | 2.4% | ||
| Q4 24 | 4.8% | 0.9% | ||
| Q3 24 | 3.9% | 0.6% | ||
| Q2 24 | 4.3% | 1.0% |
现金转化率MMMTPC
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 6.02× | ||
| Q3 25 | 2.11× | 79.63× | ||
| Q2 25 | -1.32× | 13.14× | ||
| Q1 25 | -0.07× | 0.82× | ||
| Q4 24 | 2.50× | — | ||
| Q3 24 | -1.30× | — | ||
| Q2 24 | 0.89× | 65.44× |
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% |
TPC
| State And Local Agencies | $591.1M | 39% |
| Mass Transit | $449.9M | 30% |
| Federal Agencies | $115.0M | 8% |
| Bridges | $100.5M | 7% |
| Military Facilities | $93.1M | 6% |
| Commercial And Industrial Facilities | $46.7M | 3% |
| Detention Facilities | $43.8M | 3% |
| Power And Energy | $35.8M | 2% |
| Multi Unit Residential | $25.9M | 2% |
| Education Facilities | $12.0M | 1% |
| Water | $3.6M | 0% |
