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3M（MMM）与WillScot Holdings Corp（WSC）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WillScot Holdings Corp的10.7倍（$6.0B vs $566.0M）。3M净利率更高（10.8% vs -33.1%，领先43.9%）。3M同比增速更快（1.3% vs -6.1%）。3M自由现金流更多（$2.0B vs $149.7M）。过去两年3M的营收复合增速更高（-1.8% 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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
MMM vs WSC — 直观对比
营收规模更大
MMM
是对方的10.7倍
$566.0M
营收增速更快
MMM
高出7.4%
-6.1%
净利率更高
MMM
高出43.9%
-33.1%
自由现金流更多
MMM
多$1.9B
$149.7M
两年增速更快
MMM
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $566.0M |
| 净利润 | $653.0M | $-187.3M |
| 毛利率 | 40.7% | 50.4% |
| 营业利润率 | 23.2% | -32.5% |
| 净利率 | 10.8% | -33.1% |
| 营收同比 | 1.3% | -6.1% |
| 净利润同比 | -41.5% | -310.0% |
| 每股收益（稀释后） | $1.23 | $-1.02 |
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MMMWSC
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $566.0M | ||
| Q3 25 | $6.5B | $566.8M | ||
| Q2 25 | $6.3B | $589.1M | ||
| Q1 25 | $6.0B | $559.6M | ||
| Q4 24 | $6.0B | $602.5M | ||
| Q3 24 | $6.3B | $601.4M | ||
| Q2 24 | $6.3B | $604.6M |
净利润MMMWSC
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $-187.3M | ||
| Q3 25 | $834.0M | $43.3M | ||
| Q2 25 | $723.0M | $47.9M | ||
| Q1 25 | $1.1B | $43.1M | ||
| Q4 24 | $728.0M | $89.2M | ||
| Q3 24 | $1.4B | $-70.5M | ||
| Q2 24 | $1.1B | $-46.9M |
毛利率MMMWSC
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 50.4% | ||
| Q3 25 | 41.8% | 49.7% | ||
| Q2 25 | 42.5% | 50.3% | ||
| Q1 25 | 41.6% | 53.7% | ||
| Q4 24 | 51.7% | 55.8% | ||
| Q3 24 | 42.1% | 53.5% | ||
| Q2 24 | 42.9% | 54.1% |
营业利润率MMMWSC
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | -32.5% | ||
| Q3 25 | 22.2% | 21.0% | ||
| Q2 25 | 18.0% | 21.5% | ||
| Q1 25 | 20.9% | 21.3% | ||
| Q4 24 | 12.2% | 28.9% | ||
| Q3 24 | 20.9% | -5.9% | ||
| Q2 24 | 20.3% | -0.9% |
净利率MMMWSC
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | -33.1% | ||
| Q3 25 | 12.8% | 7.6% | ||
| Q2 25 | 11.4% | 8.1% | ||
| Q1 25 | 18.7% | 7.7% | ||
| Q4 24 | 12.1% | 14.8% | ||
| Q3 24 | 21.8% | -11.7% | ||
| Q2 24 | 18.3% | -7.7% |
每股收益（稀释后）MMMWSC
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $-1.02 | ||
| Q3 25 | $1.55 | $0.24 | ||
| Q2 25 | $1.34 | $0.26 | ||
| Q1 25 | $2.04 | $0.23 | ||
| Q4 24 | $1.33 | $0.48 | ||
| Q3 24 | $2.48 | $-0.37 | ||
| Q2 24 | $2.07 | $-0.25 |
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 | $14.6M |
| 总债务越低越好 | $10.9B | $3.6B |
| 股东权益账面价值 | $3.3B | $856.3M |
| 总资产 | $35.4B | $5.8B |
| 负债/权益比越低杠杆越低 | 3.29× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资MMMWSC
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $5.9M |
总债务MMMWSC
| Q1 26 | $10.9B | — | ||
| Q4 25 | $12.6B | $3.6B | ||
| Q3 25 | $12.6B | $3.6B | ||
| Q2 25 | $13.1B | $3.7B | ||
| Q1 25 | $13.5B | $3.6B | ||
| Q4 24 | $13.0B | $3.7B | ||
| Q3 24 | $13.2B | $3.6B | ||
| Q2 24 | $13.1B | $3.5B |
股东权益MMMWSC
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $856.3M | ||
| Q3 25 | $4.6B | $1.1B | ||
| Q2 25 | $4.3B | $1.0B | ||
| Q1 25 | $4.5B | $1.0B | ||
| Q4 24 | $3.8B | $1.0B | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $3.9B | $1.2B |
总资产MMMWSC
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $5.8B | ||
| Q3 25 | $37.6B | $6.1B | ||
| Q2 25 | $38.0B | $6.1B | ||
| Q1 25 | $40.0B | $6.0B | ||
| Q4 24 | $39.9B | $6.0B | ||
| Q3 24 | $40.9B | $6.0B | ||
| Q2 24 | $43.4B | $6.0B |
负债/权益比MMMWSC
| Q1 26 | 3.29× | — | ||
| Q4 25 | 2.68× | 4.15× | ||
| Q3 25 | 2.72× | 3.39× | ||
| Q2 25 | 3.06× | 3.55× | ||
| Q1 25 | 3.02× | 3.56× | ||
| Q4 24 | 3.40× | 3.62× | ||
| Q3 24 | 2.84× | 3.42× | ||
| Q2 24 | 3.34× | 2.88× |
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 | — | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $149.7M |
| 自由现金流率自由现金流/营收 | 33.6% | 26.5% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流MMMWSC
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $158.9M | ||
| Q3 25 | $1.8B | $191.2M | ||
| Q2 25 | $-954.0M | $205.3M | ||
| Q1 25 | $-79.0M | $206.6M | ||
| Q4 24 | $1.8B | $178.9M | ||
| Q3 24 | $-1.8B | $-1.6M | ||
| Q2 24 | $1.0B | $175.6M |
自由现金流MMMWSC
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $149.7M | ||
| Q3 25 | $1.5B | $186.9M | ||
| Q2 25 | $-1.2B | $199.0M | ||
| Q1 25 | $-315.0M | $202.0M | ||
| Q4 24 | $1.5B | $176.6M | ||
| Q3 24 | $-2.0B | $-4.9M | ||
| Q2 24 | $752.0M | $169.4M |
自由现金流率MMMWSC
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 26.5% | ||
| Q3 25 | 23.6% | 33.0% | ||
| Q2 25 | -18.3% | 33.8% | ||
| Q1 25 | -5.3% | 36.1% | ||
| Q4 24 | 25.4% | 29.3% | ||
| Q3 24 | -32.3% | -0.8% | ||
| Q2 24 | 12.0% | 28.0% |
资本支出强度MMMWSC
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 1.6% | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 3.3% | 1.1% | ||
| Q1 25 | 4.0% | 0.8% | ||
| Q4 24 | 4.8% | 0.4% | ||
| Q3 24 | 3.9% | 0.6% | ||
| Q2 24 | 4.3% | 1.0% |
现金转化率MMMWSC
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.11× | 4.41× | ||
| Q2 25 | -1.32× | 4.28× | ||
| Q1 25 | -0.07× | 4.80× | ||
| Q4 24 | 2.50× | 2.01× | ||
| 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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
