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3M（MMM）与XPEL, Inc.（XPEL）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XPEL, Inc.的49.3倍（$6.0B vs $122.3M）。XPEL, Inc.净利率更高（11.0% vs 10.8%，领先0.1%）。XPEL, Inc.同比增速更快（13.7% vs 1.3%）。3M自由现金流更多（$2.0B vs $1.6M）。过去两年XPEL, Inc.的营收复合增速更高（16.5% 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。
XPEL是全球知名的高性能表面保护膜解决方案供应商，核心产品涵盖汽车漆面保护膜、车窗隔热膜、陶瓷涂层等，业务覆盖北美、欧洲、亚太等主要市场，服务对象包括普通车主、汽车经销商及专业安装服务商。
MMM vs XPEL — 直观对比
营收规模更大
MMM
是对方的49.3倍
$122.3M
营收增速更快
XPEL
高出12.4%
1.3%
净利率更高
XPEL
高出0.1%
10.8%
自由现金流更多
MMM
多$2.0B
$1.6M
两年增速更快
XPEL
近两年复合增速
-1.8%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $122.3M |
| 净利润 | $653.0M | $13.4M |
| 毛利率 | 40.7% | 41.9% |
| 营业利润率 | 23.2% | 12.7% |
| 净利率 | 10.8% | 11.0% |
| 营收同比 | 1.3% | 13.7% |
| 净利润同比 | -41.5% | 50.7% |
| 每股收益（稀释后） | $1.23 | $0.48 |
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MMMXPEL
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.1B | $122.3M | ||
| Q3 25 | $6.5B | $125.4M | ||
| Q2 25 | $6.3B | $124.7M | ||
| Q1 25 | $6.0B | $103.8M | ||
| Q4 24 | $6.0B | $107.5M | ||
| Q3 24 | $6.3B | $112.9M | ||
| Q2 24 | $6.3B | $109.9M |
净利润MMMXPEL
| Q1 26 | $653.0M | — | ||
| Q4 25 | $577.0M | $13.4M | ||
| Q3 25 | $834.0M | $12.9M | ||
| Q2 25 | $723.0M | $16.3M | ||
| Q1 25 | $1.1B | $8.6M | ||
| Q4 24 | $728.0M | $8.9M | ||
| Q3 24 | $1.4B | $14.9M | ||
| Q2 24 | $1.1B | $15.0M |
毛利率MMMXPEL
| Q1 26 | 40.7% | — | ||
| Q4 25 | 33.6% | 41.9% | ||
| Q3 25 | 41.8% | 41.8% | ||
| Q2 25 | 42.5% | 42.9% | ||
| Q1 25 | 41.6% | 42.3% | ||
| Q4 24 | 51.7% | 40.6% | ||
| Q3 24 | 42.1% | 42.5% | ||
| Q2 24 | 42.9% | 43.5% |
营业利润率MMMXPEL
| Q1 26 | 23.2% | — | ||
| Q4 25 | 13.0% | 12.7% | ||
| Q3 25 | 22.2% | 13.4% | ||
| Q2 25 | 18.0% | 15.5% | ||
| Q1 25 | 20.9% | 10.7% | ||
| Q4 24 | 12.2% | 11.5% | ||
| Q3 24 | 20.9% | 16.3% | ||
| Q2 24 | 20.3% | 17.5% |
净利率MMMXPEL
| Q1 26 | 10.8% | — | ||
| Q4 25 | 9.4% | 11.0% | ||
| Q3 25 | 12.8% | 10.3% | ||
| Q2 25 | 11.4% | 13.1% | ||
| Q1 25 | 18.7% | 8.3% | ||
| Q4 24 | 12.1% | 8.3% | ||
| Q3 24 | 21.8% | 13.2% | ||
| Q2 24 | 18.3% | 13.7% |
每股收益（稀释后）MMMXPEL
| Q1 26 | $1.23 | — | ||
| Q4 25 | $1.07 | $0.48 | ||
| Q3 25 | $1.55 | $0.47 | ||
| Q2 25 | $1.34 | $0.59 | ||
| Q1 25 | $2.04 | $0.31 | ||
| Q4 24 | $1.33 | $0.33 | ||
| Q3 24 | $2.48 | $0.54 | ||
| Q2 24 | $2.07 | $0.54 |
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 | $50.9M |
| 总债务越低越好 | $10.9B | — |
| 股东权益账面价值 | $3.3B | $280.3M |
| 总资产 | $35.4B | $382.5M |
| 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MMMXPEL
| Q1 26 | $3.7B | — | ||
| Q4 25 | — | $50.9M | ||
| Q3 25 | — | $64.5M | ||
| Q2 25 | — | $49.6M | ||
| Q1 25 | — | $23.5M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | — | $21.0M | ||
| Q2 24 | — | $15.0M |
总债务MMMXPEL
| 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MMMXPEL
| Q1 26 | $3.3B | — | ||
| Q4 25 | $4.7B | $280.3M | ||
| Q3 25 | $4.6B | $269.3M | ||
| Q2 25 | $4.3B | $255.7M | ||
| Q1 25 | $4.5B | $235.5M | ||
| Q4 24 | $3.8B | $225.5M | ||
| Q3 24 | $4.6B | $218.7M | ||
| Q2 24 | $3.9B | $201.9M |
总资产MMMXPEL
| Q1 26 | $35.4B | — | ||
| Q4 25 | $37.7B | $382.5M | ||
| Q3 25 | $37.6B | $387.7M | ||
| Q2 25 | $38.0B | $318.1M | ||
| Q1 25 | $40.0B | $294.8M | ||
| Q4 24 | $39.9B | $285.6M | ||
| Q3 24 | $40.9B | $273.0M | ||
| Q2 24 | $43.4B | $261.8M |
负债/权益比MMMXPEL
| 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 | — | $2.7M |
| 自由现金流经营现金流 - 资本支出 | $2.0B | $1.6M |
| 自由现金流率自由现金流/营收 | 33.6% | 1.3% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 0.20× |
| 过去12个月自由现金流最近4个季度 | $3.7B | $62.9M |
8季度趋势，按日历期对齐
经营现金流MMMXPEL
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.7M | ||
| Q3 25 | $1.8B | $33.2M | ||
| Q2 25 | $-954.0M | $27.9M | ||
| Q1 25 | $-79.0M | $3.2M | ||
| Q4 24 | $1.8B | $6.3M | ||
| Q3 24 | $-1.8B | $19.6M | ||
| Q2 24 | $1.0B | $26.9M |
自由现金流MMMXPEL
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.3B | $1.6M | ||
| Q3 25 | $1.5B | $32.2M | ||
| Q2 25 | $-1.2B | $26.9M | ||
| Q1 25 | $-315.0M | $2.2M | ||
| Q4 24 | $1.5B | $4.7M | ||
| Q3 24 | $-2.0B | $18.3M | ||
| Q2 24 | $752.0M | $25.1M |
自由现金流率MMMXPEL
| Q1 26 | 33.6% | — | ||
| Q4 25 | 21.8% | 1.3% | ||
| Q3 25 | 23.6% | 25.6% | ||
| Q2 25 | -18.3% | 21.6% | ||
| Q1 25 | -5.3% | 2.1% | ||
| Q4 24 | 25.4% | 4.4% | ||
| Q3 24 | -32.3% | 16.2% | ||
| Q2 24 | 12.0% | 22.8% |
资本支出强度MMMXPEL
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 0.9% | ||
| Q3 25 | 3.3% | 0.8% | ||
| Q2 25 | 3.3% | 0.8% | ||
| Q1 25 | 4.0% | 1.0% | ||
| Q4 24 | 4.8% | 1.5% | ||
| Q3 24 | 3.9% | 1.1% | ||
| Q2 24 | 4.3% | 1.6% |
现金转化率MMMXPEL
| Q1 26 | — | — | ||
| Q4 25 | 2.74× | 0.20× | ||
| Q3 25 | 2.11× | 2.56× | ||
| Q2 25 | -1.32× | 1.71× | ||
| Q1 25 | -0.07× | 0.38× | ||
| Q4 24 | 2.50× | 0.71× | ||
| Q3 24 | -1.30× | 1.31× | ||
| Q2 24 | 0.89× | 1.79× |
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% |
XPEL
| Products | $90.9M | 74% |
| Service Revenue Installation Labor | $23.8M | 19% |
| Service Revenue Cutbank Credits | $4.1M | 3% |
| Service Revenue Software | $2.2M | 2% |
