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3M（MMM）与TETRA TECH INC（TTEK）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TETRA TECH INC的5.0倍（$6.0B vs $1.2B）。3M净利率更高（10.8% vs 8.7%，领先2.1%）。3M同比增速更快（1.3% vs -14.8%）。3M自由现金流更多（$2.0B vs $68.1M）。过去两年TETRA TECH INC的营收复合增速更高（-1.6% 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。
Tetra Tech Inc.是总部位于美国加利福尼亚州帕萨迪纳的咨询与工程服务企业，业务覆盖水资源、生态环境、基础设施、资源管理、能源、国际发展等领域，可提供专业咨询、工程设计、项目管理、施工管理等多元化专业服务。
MMM vs TTEK — 直观对比
营收规模更大
MMM
是对方的5.0倍
$1.2B
营收增速更快
MMM
高出16.1%
-14.8%
净利率更高
MMM
高出2.1%
8.7%
自由现金流更多
MMM
多$2.0B
$68.1M
两年增速更快
TTEK
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $1.2B |
| 净利润 | $653.0M | $105.2M |
| 毛利率 | 40.7% | 18.2% |
| 营业利润率 | 23.2% | 11.6% |
| 净利率 | 10.8% | 8.7% |
| 营收同比 | 1.3% | -14.8% |
| 净利润同比 | -41.5% | 13424.7% |
| 每股收益（稀释后） | $1.23 | $0.40 |
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MMMTTEK
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $1.2B | ||
| Q3 25 | $6.5B | $1.3B | ||
| Q2 25 | $6.3B | $1.4B | ||
| Q1 25 | $6.0B | $1.3B | ||
| Q4 24 | $6.0B | $1.4B | ||
| Q3 24 | $6.3B | $1.4B | ||
| Q2 24 | $6.3B | $1.3B |
净利润MMMTTEK
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $105.2M | ||
| Q3 25 | $834.0M | $127.9M | ||
| Q2 25 | $723.0M | $113.8M | ||
| Q1 25 | $1.1B | $5.4M | ||
| Q4 24 | $728.0M | $778.0K | ||
| Q3 24 | $1.4B | $96.2M | ||
| Q2 24 | $1.1B | $85.8M |
毛利率MMMTTEK
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 18.2% | ||
| Q3 25 | 41.8% | 20.6% | ||
| Q2 25 | 42.5% | 18.4% | ||
| Q1 25 | 41.6% | 16.2% | ||
| Q4 24 | 51.7% | 15.6% | ||
| Q3 24 | 42.1% | 17.8% | ||
| Q2 24 | 42.9% | 16.6% |
营业利润率MMMTTEK
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 11.6% | ||
| Q3 25 | 22.2% | 13.6% | ||
| Q2 25 | 18.0% | 12.0% | ||
| Q1 25 | 20.9% | 3.0% | ||
| Q4 24 | 12.2% | 1.6% | ||
| Q3 24 | 20.9% | 10.4% | ||
| Q2 24 | 20.3% | 9.6% |
净利率MMMTTEK
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 8.7% | ||
| Q3 25 | 12.8% | 9.6% | ||
| Q2 25 | 11.4% | 8.3% | ||
| Q1 25 | 18.7% | 0.4% | ||
| Q4 24 | 12.1% | 0.1% | ||
| Q3 24 | 21.8% | 7.0% | ||
| Q2 24 | 18.3% | 6.4% |
每股收益（稀释后）MMMTTEK
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.40 | ||
| Q3 25 | $1.55 | $0.48 | ||
| Q2 25 | $1.34 | $0.43 | ||
| Q1 25 | $2.04 | $0.02 | ||
| Q4 24 | $1.33 | $0.00 | ||
| Q3 24 | $2.48 | $-3.18 | ||
| Q2 24 | $2.07 | $1.59 |
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 | $269.4M |
| 总债务越低越好 | $10.9B | $837.1M |
| 股东权益账面价值 | $3.3B | $1.8B |
| 总资产 | $35.4B | $4.3B |
| 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MMMTTEK
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $269.4M | ||
| Q3 25 | — | $167.5M | ||
| Q2 25 | — | $242.8M | ||
| Q1 25 | — | $179.4M | ||
| Q4 24 | — | $248.1M | ||
| Q3 24 | — | $232.7M | ||
| Q2 24 | — | $212.3M |
总债务MMMTTEK
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $837.1M | ||
| Q3 25 | $12.6B | $766.4M | ||
| Q2 25 | $13.1B | — | ||
| Q1 25 | $13.5B | $1.0B | ||
| Q4 24 | $13.0B | $888.5M | ||
| Q3 24 | $13.2B | $812.6M | ||
| Q2 24 | $13.1B | $861.8M |
股东权益MMMTTEK
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $1.8B | ||
| Q3 25 | $4.6B | $1.8B | ||
| Q2 25 | $4.3B | $1.7B | ||
| Q1 25 | $4.5B | $1.6B | ||
| Q4 24 | $3.8B | $1.7B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $3.9B | $1.7B |
总资产MMMTTEK
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $4.3B | ||
| Q3 25 | $37.6B | $4.3B | ||
| Q2 25 | $38.0B | $4.4B | ||
| Q1 25 | $40.0B | $4.2B | ||
| Q4 24 | $39.9B | $4.2B | ||
| Q3 24 | $40.9B | $4.2B | ||
| Q2 24 | $43.4B | $4.1B |
负债/权益比MMMTTEK
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 0.45× | ||
| Q3 25 | 2.72× | 0.43× | ||
| Q2 25 | 3.06× | — | ||
| Q1 25 | 3.02× | 0.64× | ||
| Q4 24 | 3.40× | 0.53× | ||
| Q3 24 | 2.84× | 0.44× | ||
| 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 | — | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $68.1M |
| 自由现金流率自由现金流/营收 | 33.6% | 5.6% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | 0.69× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $497.5M |
8季度趋势，按日历期对齐
经营现金流MMMTTEK
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $72.3M | ||
| Q3 25 | $1.8B | $100.8M | ||
| Q2 25 | $-954.0M | $349.6M | ||
| Q1 25 | $-79.0M | $-5.8M | ||
| Q4 24 | $1.8B | $13.1M | ||
| Q3 24 | $-1.8B | $105.6M | ||
| Q2 24 | $1.0B | $140.9M |
自由现金流MMMTTEK
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $68.1M | ||
| Q3 25 | $1.5B | $95.6M | ||
| Q2 25 | $-1.2B | $345.6M | ||
| Q1 25 | $-315.0M | $-11.8M | ||
| Q4 24 | $1.5B | $9.6M | ||
| Q3 24 | $-2.0B | $98.8M | ||
| Q2 24 | $752.0M | $137.1M |
自由现金流率MMMTTEK
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 5.6% | ||
| Q3 25 | 23.6% | 7.2% | ||
| Q2 25 | -18.3% | 25.2% | ||
| Q1 25 | -5.3% | -0.9% | ||
| Q4 24 | 25.4% | 0.7% | ||
| Q3 24 | -32.3% | 7.2% | ||
| Q2 24 | 12.0% | 10.2% |
资本支出强度MMMTTEK
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.3% | ||
| Q3 25 | 3.3% | 0.4% | ||
| Q2 25 | 3.3% | 0.3% | ||
| Q1 25 | 4.0% | 0.4% | ||
| Q4 24 | 4.8% | 0.2% | ||
| Q3 24 | 3.9% | 0.5% | ||
| Q2 24 | 4.3% | 0.3% |
现金转化率MMMTTEK
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 0.69× | ||
| Q3 25 | 2.11× | 0.79× | ||
| Q2 25 | -1.32× | 3.07× | ||
| Q1 25 | -0.07× | -1.08× | ||
| Q4 24 | 2.50× | 16.79× | ||
| Q3 24 | -1.30× | 1.10× | ||
| Q2 24 | 0.89× | 1.64× |
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% |
TTEK
| Commercial International Services Group | $704.2M | 58% |
| Commercial | $225.4M | 19% |
| State And Local Government | $171.5M | 14% |
| Cost Plus | $95.1M | 8% |
| Related Party | $15.8M | 1% |
