3M Company MMM
- Market cap
- $87.1B
- P/E
- 29.6×
Follow MMM
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 112.58 | 145.11 | 147.88 | 125.90 | 95.35 | 136.61 | 89.52 | 71.36 | 75.65 | 121.98 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 152.40 | 204.21 | 217.20 | 183.74 | 152.63 | 174.71 | 151.99 | 108.61 | 141.34 | 174.69 |
High Price
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| 91,584 | 91,536 | 93,516 | 96,163 | 94,987 | 95,000 | 92,000 | 85,000 | 61,500 | 60,500 |
Employees
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 30,109 | 31,657 | 32,765 | 32,136 | 32,184 | 35,355 | 26,161 | 24,610 | 24,575 | 24,948 |
Revenue
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| 49.79% | 49.28% | 49.09% | 46.68% | 48.41% | 46.84% | 39.40% | 39.12% | 41.21% | 39.91% |
Gross Margin
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| 7,053 | 7,548 | 7,000 | 5,643 | 6,795 | 7,204 | 4,204 | (11,271) | 4,819 | 4,213 |
EBT
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| 23.42% | 23.84% | 21.36% | 17.56% | 21.11% | 20.38% | 16.07% | (45.80%) | 19.61% | 16.89% |
EBT Margin
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| 5,058 | 4,869 | 5,363 | 4,529 | 5,453 | 5,929 | 5,791 | (6,979) | 4,188 | 3,262 |
Net Income
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| 1,474 | 1,544 | 1,488 | 1,593 | 1,911 | 1,915 | 1,831 | 1,987 | 1,363 | 1,308 |
Depreciation
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| 49.79 | 52.98 | 55.68 | 55.70 | 55.72 | 61.06 | 46.22 | 44.43 | 44.62 | 46.42 |
Revenue/Sh
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| 8.35 | 8.13 | 9.09 | 7.92 | 9.32 | 10.23 | 10.21 | (12.63) | 7.58 | 6.05 |
Earnings/Sh
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| 11.02 | 10.44 | 10.94 | 12.25 | 14.05 | 12.87 | 9.88 | 12.06 | 3.30 | 4.29 |
Cash Flow/Sh
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| (2.25) | (2.22) | (2.23) | (2.73) | (2.38) | (2.68) | (2.74) | (2.70) | (2.03) | (1.52) |
Capex/Sh
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| 8.76 | 8.23 | 8.71 | 9.52 | 11.67 | 10.19 | 7.14 | 9.36 | 1.27 | 2.77 |
Free CF/Sh
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| 17.10 | 19.45 | 16.73 | 17.55 | 22.39 | 26.11 | 26.10 | 8.79 | 7.07 | 8.83 |
Book Value/Sh
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| 605 | 598 | 589 | 577 | 578 | 579 | 566 | 554 | 551 | 537 |
Shares
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| 17.81 | 24.23 | 17.49 | 18.63 | 15.66 | 14.53 | 10.06 | 0.00 | 17.05 | 26.51 |
PE Ratio
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| 2.99 | 3.72 | 2.86 | 2.65 | 2.62 | 2.43 | 2.22 | 2.07 | 2.89 | 3.45 |
PS Ratio
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| 8.70 | 10.13 | 9.52 | 8.41 | 6.53 | 5.69 | 3.92 | 10.46 | 18.26 | 18.12 |
PB Ratio
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| 3.29 | 4.03 | 3.21 | 3.20 | 3.05 | 2.79 | 2.68 | 2.49 | 3.11 | 3.72 |
EV/Sales
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| 18.68 | 25.94 | 20.52 | 18.74 | 14.57 | 16.70 | 17.32 | 11.80 | 109.33 | 62.18 |
EV/FCF
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| 6,662 | 6,240 | 6,439 | 7,070 | 8,113 | 7,454 | 5,591 | 6,680 | 1,819 | 2,306 |
Op' Cash Flow
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| (1,362) | (1,324) | (1,315) | (1,576) | (1,373) | (1,552) | (1,549) | (1,496) | (1,120) | (815) |
Capex
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| 5,300 | 4,916 | 5,124 | 5,494 | 6,740 | 5,902 | 4,042 | 5,184 | 699 | 1,491 |
FCF
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| 5,507 | 6,590 | 6,465 | 3,749 | 7,034 | 6,368 | 5,165 | 1,082 | 4,628 | 6,792 |
Working Cap'
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| 11,650 | 13,949 | 14,622 | 20,313 | 18,795 | 17,363 | 15,939 | 16,035 | 13,044 | 12,602 |
Total Debt
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| 8,972 | 9,820 | 11,389 | 17,862 | 13,757 | 12,598 | 12,046 | 10,250 | 5,316 | 6,669 |
Net Debt
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| 10,343 | 11,622 | 9,848 | 10,126 | 12,931 | 15,117 | 14,770 | 4,868 | 3,894 | 4,747 |
Sh' Equity
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| 15.35% | 13.71% | 14.36% | 11.13% | 11.85% | 12.54% | 12.35% | (14.42%) | 9.23% | 8.38% |
ROA
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| 22.74% | 22.42% | 21.21% | 13.79% | 16.77% | 16.62% | 10.18% | (44.19%) | 32.72% | 25.34% |
ROIC
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| 46.31% | 44.23% | 49.83% | 45.23% | 47.27% | 42.22% | 38.66% | (71.24%) | 95.25% | 75.22% |
ROE
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3M Company (MMM) key facts
- 3M Company (MMM) is a Conglomerates company in the Industrials sector, listed on the New York Stock Exchange.
- 3M Company’s revenue for fiscal 2025 (year ended December 2025) was $24.9 billion, up 1.52% from fiscal 2024.
- Net income was $3.3 billion, or $6.05 per share (basic), a net margin of 13.0%.
- As of September 25, 2026, MMM traded at $169.44, a market capitalization of $87.1 billion.
- At that price the stock trades at 29.6× trailing-twelve-month earnings and 3.5× sales.
- 3M Company pays an annual dividend of $6.00 per share, a yield of 6.72%, with a payout ratio of 51.9%.
- Return on equity was 75.2% and debt-to-equity 4.18.
3M Company (MMM) Latest News
23 Sep
3M's Consumer segment remains pressured by weak retail demand, cautious discretionary spending, and lean inventories. In Q2 2026, Consumer organic sales fell 2.1% (after a 1.3% drop in Q1), with packaging & expression and home improvement notably soft. A 25-basis-point Fed rate increase and a hawkish stance are expected to delay a Consumer recovery, keeping hardline consumer product spending subdued near term. By contrast, strength in Safety and Industrial and demand across abrasives, industrial adhesives and tapes, specialty products, roofing granules, personal safety, and electrical markets offer a growth path. Momentum in MMM's semiconductor, data center, and aerospace markets also holds promise. Among peers, CSL and HON show sector-driven upside in Weatherproofing Technologies and Industrial Automation. MMM trades at about 17.7x forward earnings, above the 14.7x industry average, with a Hold rating and cautiously rising consensus estimates. Near-term consumer weakness weighs on MMM's trajectory, while industrial/safety strength offers only a partial offset, yielding a moderate impact outlook.
22 Sep
3M CEO William Brown says the company's turnaround is ahead of its 2025 targets, with stronger organic growth, higher margins and improved delivery. On-time delivery has risen to about 90% from the low-80% range, and product development activity surged, with launches jumping from 125 three years ago to 284 last year and expected to exceed 350 this year. New products are set to contribute roughly 20% of sales by 2027, up from about 11% when Brown took the helm. 3M's expanded beam optical technology, adopted by Microsoft as a data-center standard, could unlock a market near $2 billion, while second-quarter adjusted organic growth was 5.4% and management targets over 25% operating margin by 2027. Legal risk persists, though, as a Montana PFAS class action advances and an Australian government suit seeks over A$2 billion. Operational progress and rising product launches offer meaningful upside, but unresolved PFAS litigation caps potential upside.
21 Sep
Command Brand unveils the DÉCOR Collection, a premium metal line designed to be seen rather than hidden, blending real metal construction with gallery-inspired finishes and the brand’s damage-free hanging technology. Available in Brushed Brass, Light Beige, Matte Black, and Chrome, the lineup turns everyday fixtures into design accents for entryways, living spaces, bathrooms, and walls. It includes Command Large and Small Metal Hooks, Command Metal Wall Planter with a removable water insert, Command Metal Key Rail, Command Metal Wall Shelf, and Large Towel Hook plus Small Robe Hook. Small hooks hold up to 2 pounds; larger hooks and shelves up to 5 pounds, with damage-free mounting that removes cleanly. Tate Galvin of 3M positions the collection as an evolution of Command Brand—functional products that also express personal style—now available at retailers nationwide and online. Launch of premium Command DÉCOR fixtures expands design-forward offerings, moderately boosting consumer appeal and potential margins while leveraging existing damage-free tech.
20 Sep
3M’s stock is turning around faster than anticipated as execution on the company’s turnaround plan accelerates. Early indicators show improving margins and cash flow, driven by aggressive cost cuts, portfolio changes, and price realization. Management signals continued progress into the coming quarters, supporting higher profitability and better debt reduction. The faster timeline boosts investor confidence and could compress the path to earlier targets, though ongoing litigation and macro volatility remain overhangs. Turnaround acceleration strengthens earnings trajectory and investor confidence, potentially altering valuation.
18 Sep
3M released Q2 earnings, prompting analysis of financial results, segment performance and guidance to determine if the stock warrants a buy, sell or hold decision. Quarterly earnings update affects near-term sentiment and valuation metrics but does not alter core operations or long-term trajectory.
15 Sep
3M CEO highlights data-center expansion, margin gains, and advancement on 2027 targets. Data-center push and margin gains mark major strategic moves that can significantly shift trajectory and investor views.
3M's capacity to sustain strong capital returns to shareholders faces uncertainty amid financial pressures and strategic shifts. Ongoing questions about dividend and buyback sustainability can sway near-term investor sentiment and valuation for 3M.
7 Sep
3M's Transportation & Electronics unit shows strength, driving overall company performance and signaling potential further upside. Transportation & Electronics unit strength drives 3M performance with signs of additional gains.
1 Sep
3M benefits from strong Safety & Industrial segment results, pointing to further potential upside in performance and market position. Positive segment momentum supports moderate influence on 3M financials and investor outlook without indicating major shifts.
27 Aug
3M faces ongoing cost pressures that challenge its ability to sustain recent margin gains and overall profitability. Cost pressures may limit 3M margin growth and financial results without fundamentally shifting company trajectory.
26 Aug
3M (MMM) faces ongoing legal and operational challenges that could influence near-term stock movements and business adjustments. Legal settlements and restructuring steps may moderately shift financials and investor views without fully redefining long-term positioning.
19 Aug
3M's consumer segment struggles amid soft demand, prompting questions on future strategy and performance. Consumer segment weakness from soft demand points to moderate effects on financial results and positioning.
14 Aug
3M's transportation and electronics segments show strength, indicating potential further upside for the company. Segment strength in transportation and electronics signals possible gains but lacks major strategic or regulatory shifts.
12 Aug
Watson Explosion verdict raises questions on 3M's litigation risk management and future contingency strategies. Single verdict ties directly to 3M liability exposure and may shift legal and financial planning.
10 Aug
3M's Safety & Industrial unit shows strength, driving overall performance and signaling potential further upside for the company. Strength in a key unit supports 3M operational gains and investor outlook without major strategic shifts.
30 Jul
CSL Q2 earnings beat estimates on record sales, prompting a raised outlook. Earnings beat with record sales and raised outlook points to improved near-term financial results and sentiment.
26 Jul
3M partners with Microsoft to integrate optical technology into Azure AI data centers. Partnership opens moderate growth path for 3M optical products in expanding AI data center market.
23 Jul
3M stock targets its best week since February as Wall Street identifies an emerging multi-year growth story. Analyst recognition of multi-year growth supports moderate shifts in investor sentiment and stock performance.
22 Jul
3M beat earnings estimates, raised guidance and highlighted AI partnerships, with discussion of effects on MMM stock performance. Raised guidance plus AI partnerships point to material upside in revenue trajectory and investor sentiment for 3M.
3M is entering the AI fiber optics market, aiming to capture growth alongside competitors GLW, COHR and LITE. 3M's move into AI fiber optics marks a major strategic expansion into a high-growth sector that can materially lift future revenue and competitive standing.
3M's Q2 earnings call signals the company is building on positive operational momentum across segments. Q2 earnings update points to sustained momentum that can moderately sway near-term investor views and performance.
21 Jul
3M uncovers unexpected product applications aiding AI data-center infrastructure and cooling demands. Entry into AI data-center supply chain creates sizable new revenue stream in high-growth sector.
3M Co reported strong Q2 2026 earnings growth and raised its financial guidance. Strong growth and raised guidance signal enhanced future performance prospects for 3M.
3M raised its 2026 earnings outlook after beating second-quarter expectations. Raised 2026 earnings guidance after a quarterly beat directly improves expected financial results and market sentiment for 3M.
3M shares rise after beating Q2 earnings expectations and raising full-year guidance. Q2 earnings beat and raised guidance signal strong performance that will lift near-term stock trajectory and sentiment.
3M (MMM) stock rises sharply on positive developments affecting near-term performance and investor outlook. Stock price surge signals moderately improved sentiment without indicating fundamental long-term shifts.
3M Q2 earnings may shift company narrative and market perception amid ongoing redemption efforts. Q2 earnings release can moderately affect 3M financial outlook and investor sentiment.
3M Company held Q2 2026 earnings call covering quarterly financial results, segment performance, and management outlook. Quarterly earnings updates typically move near-term sentiment without shifting long-term fundamentals.
3M reported Q2 results with details on revenue, earnings, segment performance and management commentary on outlook and challenges. Quarterly earnings updates supply fresh financial metrics that moderately shift near-term sentiment and valuation.
3M reported strong earnings that sent its stock surging to lead Dow gainers. Strong earnings triggered an immediate stock price surge indicating noticeable but not transformative effects on near-term performance.