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3M（MMM）与TRINITY INDUSTRIES INC（TRN）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TRINITY INDUSTRIES INC的9.9倍（$6.0B vs $611.2M）。TRINITY INDUSTRIES INC净利率更高（31.8% vs 10.8%，领先20.9%）。3M同比增速更快（1.3% vs -2.9%）。3M自由现金流更多（$2.0B vs $158.6M）。过去两年3M的营收复合增速更高（-1.8% vs -13.1%）
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。
特里尼蒂工业公司是一家美国工业企业，旗下布局多元业务线，为工业、能源、交通、建筑等核心领域提供适配的产品及相关服务，在多个下游行业拥有稳定的客户基础与业务覆盖。
MMM vs TRN — 直观对比
营收规模更大
MMM
是对方的9.9倍
$611.2M
营收增速更快
MMM
高出4.2%
-2.9%
净利率更高
TRN
高出20.9%
10.8%
自由现金流更多
MMM
多$1.9B
$158.6M
两年增速更快
MMM
近两年复合增速
-13.1%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $611.2M |
| 净利润 | $653.0M | $194.2M |
| 毛利率 | 40.7% | 25.5% |
| 营业利润率 | 23.2% | 54.9% |
| 净利率 | 10.8% | 31.8% |
| 营收同比 | 1.3% | -2.9% |
| 净利润同比 | -41.5% | 413.8% |
| 每股收益（稀释后） | $1.23 | $2.25 |
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MMMTRN
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $611.2M | ||
| Q3 25 | $6.5B | $454.1M | ||
| Q2 25 | $6.3B | $506.2M | ||
| Q1 25 | $6.0B | $585.4M | ||
| Q4 24 | $6.0B | $629.4M | ||
| Q3 24 | $6.3B | $798.8M | ||
| Q2 24 | $6.3B | $841.4M |
净利润MMMTRN
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $194.2M | ||
| Q3 25 | $834.0M | $30.3M | ||
| Q2 25 | $723.0M | $14.1M | ||
| Q1 25 | $1.1B | $22.1M | ||
| Q4 24 | $728.0M | $37.8M | ||
| Q3 24 | $1.4B | $31.4M | ||
| Q2 24 | $1.1B | $54.4M |
毛利率MMMTRN
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 25.5% | ||
| Q3 25 | 41.8% | 31.1% | ||
| Q2 25 | 42.5% | 26.4% | ||
| Q1 25 | 41.6% | 24.3% | ||
| Q4 24 | 51.7% | 24.6% | ||
| Q3 24 | 42.1% | 21.2% | ||
| Q2 24 | 42.9% | 21.3% |
营业利润率MMMTRN
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 54.9% | ||
| Q3 25 | 22.2% | 26.1% | ||
| Q2 25 | 18.0% | 18.8% | ||
| Q1 25 | 20.9% | 17.0% | ||
| Q4 24 | 12.2% | 17.8% | ||
| Q3 24 | 20.9% | 15.3% | ||
| Q2 24 | 20.3% | 16.9% |
净利率MMMTRN
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 31.8% | ||
| Q3 25 | 12.8% | 6.7% | ||
| Q2 25 | 11.4% | 2.8% | ||
| Q1 25 | 18.7% | 3.8% | ||
| Q4 24 | 12.1% | 6.0% | ||
| Q3 24 | 21.8% | 3.9% | ||
| Q2 24 | 18.3% | 6.5% |
每股收益（稀释后）MMMTRN
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $2.25 | ||
| Q3 25 | $1.55 | $0.37 | ||
| Q2 25 | $1.34 | $0.17 | ||
| Q1 25 | $2.04 | $0.26 | ||
| Q4 24 | $1.33 | $0.34 | ||
| Q3 24 | $2.48 | $0.37 | ||
| Q2 24 | $2.07 | $0.65 |
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 | $201.3M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $1.1B |
| 总资产 | $35.4B | $8.4B |
| 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MMMTRN
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $201.3M | ||
| Q3 25 | — | $66.3M | ||
| Q2 25 | — | $147.7M | ||
| Q1 25 | — | $94.9M | ||
| Q4 24 | — | $228.2M | ||
| Q3 24 | — | $222.4M | ||
| Q2 24 | — | $257.1M |
总债务MMMTRN
| 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MMMTRN
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $1.1B | ||
| Q3 25 | $4.6B | $1.0B | ||
| Q2 25 | $4.3B | $1.0B | ||
| Q1 25 | $4.5B | $1.1B | ||
| Q4 24 | $3.8B | $1.1B | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $3.9B | $1.1B |
总资产MMMTRN
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $8.4B | ||
| Q3 25 | $37.6B | $8.9B | ||
| Q2 25 | $38.0B | $8.8B | ||
| Q1 25 | $40.0B | $8.7B | ||
| Q4 24 | $39.9B | $8.8B | ||
| Q3 24 | $40.9B | $8.8B | ||
| Q2 24 | $43.4B | $9.0B |
负债/权益比MMMTRN
| 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 | — | $177.4M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $158.6M |
| 自由现金流率自由现金流/营收 | 33.6% | 25.9% |
| 资本支出强度资本支出/营收 | — | 3.1% |
| 现金转化率经营现金流/净利润 | — | 0.91× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $314.1M |
8季度趋势，按日历期对齐
经营现金流MMMTRN
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $177.4M | ||
| Q3 25 | $1.8B | $44.2M | ||
| Q2 25 | $-954.0M | $61.6M | ||
| Q1 25 | $-79.0M | $76.5M | ||
| Q4 24 | $1.8B | $201.6M | ||
| Q3 24 | $-1.8B | $78.5M | ||
| Q2 24 | $1.0B | $241.5M |
自由现金流MMMTRN
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $158.6M | ||
| Q3 25 | $1.5B | $35.3M | ||
| Q2 25 | $-1.2B | $52.9M | ||
| Q1 25 | $-315.0M | $67.3M | ||
| Q4 24 | $1.5B | $180.1M | ||
| Q3 24 | $-2.0B | $62.1M | ||
| Q2 24 | $752.0M | $230.2M |
自由现金流率MMMTRN
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 25.9% | ||
| Q3 25 | 23.6% | 7.8% | ||
| Q2 25 | -18.3% | 10.5% | ||
| Q1 25 | -5.3% | 11.5% | ||
| Q4 24 | 25.4% | 28.6% | ||
| Q3 24 | -32.3% | 7.8% | ||
| Q2 24 | 12.0% | 27.4% |
资本支出强度MMMTRN
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 3.1% | ||
| Q3 25 | 3.3% | 2.0% | ||
| Q2 25 | 3.3% | 1.7% | ||
| Q1 25 | 4.0% | 1.6% | ||
| Q4 24 | 4.8% | 3.4% | ||
| Q3 24 | 3.9% | 2.1% | ||
| Q2 24 | 4.3% | 1.3% |
现金转化率MMMTRN
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 0.91× | ||
| Q3 25 | 2.11× | 1.46× | ||
| Q2 25 | -1.32× | 4.37× | ||
| Q1 25 | -0.07× | 3.46× | ||
| Q4 24 | 2.50× | 5.33× | ||
| Q3 24 | -1.30× | 2.50× | ||
| Q2 24 | 0.89× | 4.44× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
