3M Company MMM

169.44 1.92 1.15% as of 25 Sep
Market cap
$87.1B
P/E
29.6×
Indexes indicate stock being part of an index

Insider Decisions

Total sells 21.00
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell 1 2 — — 4 — — — — 4 1 —
Insider Ownership 0.84%

Capital & Financial Ratios

Market Cap 87,050.00
Revenue 25,180.00
Net Income 3,012.00
Free Cash Flow 4,073.00
Net Debt 9,221.00
Current Ratio 1.24
Debt/Equity 4.18
P/E ratio 29.60
P/S ratio 3.46
P/B ratio 28.97
Past 5Y EPS Growth (0.67%)
This Y EPS Growth 10.90%
Next Y EPS Growth 10.33%
Next 5Y EPS Growth 9.80%
in millions of $

Dividends

Payout Ratio 0.52
Annual Dividend Rate 6.00
Annual Dividend Yield 6.72%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.18
0.78
0.78
0.78
2025 2.92
0.73
0.73
0.73
0.73
2024 3.61
1.51
0.70
0.70
0.70
2023 6.00
1.50
1.50
1.50
1.50
2022 5.96
1.49
1.49
1.49
1.49
2021 5.92
1.48
1.48
1.48
1.48
2020 5.88
1.47
1.47
1.47
1.47
2019 5.76
1.44
1.44
1.44
1.44
2018 5.44
1.36
1.36
1.36
1.36
2017 4.70
1.18
1.18
1.18
1.18
2016 4.44
1.11
1.11
1.11
1.11
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 5,785 7,728 5,933 3,330
Receivables 3,601 3,194 3,533 3,927
Inventory 3,944 3,698 3,661 3,770
Other 326 771 2,869 2,593
16,379 15,884 16,387 14,112
2023 2024 2025 Q'26
Payables 2,776 2,660 2,702 3,108
ST’ Debt 2,947 1,919 1,670 1,647
Other 6,660 5,965 4,505 6,102
15,297 11,256 9,595 11,379
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (1.92%) (4.97%) (1.57%)
Cash Flow (9.73%) (22.24%) (25.56%)
Earnings (3.89%) (9.82%) (17.45%)
Book Value (8.44%) (18.16%) (31.50%)

Revenue

Mar Jun Sep Dec Year
’26 6,030 6,500 — — —
’25 5,954 6,344 6,517 6,133 24,948
’24 6,016 6,255 6,294 6,010 24,575
’23 8,031 6,283 6,270 4,026 24,610
’22 8,829 8,702 8,619 11 26,161
’21 8,851 8,950 8,942 8,612 35,355
’20 8,075 7,176 8,350 8,583 32,184
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 574 986 — — —
’25 (79) (954) 1,756 1,583 2,306
’24 767 1,021 (1,787) 1,818 1,819
’23 1,275 1,509 1,910 1,986 6,680
’22 1,011 1,127 1,531 1,922 5,591
’21 1,688 1,887 1,874 2,005 7,454
’20 1,213 1,905 2,480 2,515 8,113
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 351 775 — — —
’25 (297) (1,159) 1,586 1,361 1,491
’24 413 784 (2,031) 1,533 699
’23 803 1,152 1,596 1,633 5,184
’22 643 743 1,105 1,551 4,042
’21 1,410 1,504 1,532 1,456 5,902
’20 888 1,535 2,125 2,192 6,740
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.23 1.78 — — —
’25 2.04 1.34 1.55 1.07 6.00
’24 1.67 2.07 2.48 1.33 7.55
’23 1.76 (12.35) (3.74) 1.70 (12.63)
’22 2.26 0.14 6.77 0.98 10.18
’21 2.77 2.59 2.45 2.31 10.12
’20 2.22 2.22 2.43 2.38 9.25
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell
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
152.40 204.21 217.20 183.74 152.63 174.71 151.99 108.61 141.34 174.69
High Price
91,584 91,536 93,516 96,163 94,987 95,000 92,000 85,000 61,500 60,500
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
30,109 31,657 32,765 32,136 32,184 35,355 26,161 24,610 24,575 24,948
Revenue
49.79% 49.28% 49.09% 46.68% 48.41% 46.84% 39.40% 39.12% 41.21% 39.91%
Gross Margin
7,053 7,548 7,000 5,643 6,795 7,204 4,204 (11,271) 4,819 4,213
EBT
23.42% 23.84% 21.36% 17.56% 21.11% 20.38% 16.07% (45.80%) 19.61% 16.89%
EBT Margin
5,058 4,869 5,363 4,529 5,453 5,929 5,791 (6,979) 4,188 3,262
Net Income
1,474 1,544 1,488 1,593 1,911 1,915 1,831 1,987 1,363 1,308
Depreciation
49.79 52.98 55.68 55.70 55.72 61.06 46.22 44.43 44.62 46.42
Revenue/Sh
8.35 8.13 9.09 7.92 9.32 10.23 10.21 (12.63) 7.58 6.05
Earnings/Sh
11.02 10.44 10.94 12.25 14.05 12.87 9.88 12.06 3.30 4.29
Cash Flow/Sh
(2.25) (2.22) (2.23) (2.73) (2.38) (2.68) (2.74) (2.70) (2.03) (1.52)
Capex/Sh
8.76 8.23 8.71 9.52 11.67 10.19 7.14 9.36 1.27 2.77
Free CF/Sh
17.10 19.45 16.73 17.55 22.39 26.11 26.10 8.79 7.07 8.83
Book Value/Sh
605 598 589 577 578 579 566 554 551 537
Shares
17.81 24.23 17.49 18.63 15.66 14.53 10.06 0.00 17.05 26.51
PE Ratio
2.99 3.72 2.86 2.65 2.62 2.43 2.22 2.07 2.89 3.45
PS Ratio
8.70 10.13 9.52 8.41 6.53 5.69 3.92 10.46 18.26 18.12
PB Ratio
3.29 4.03 3.21 3.20 3.05 2.79 2.68 2.49 3.11 3.72
EV/Sales
18.68 25.94 20.52 18.74 14.57 16.70 17.32 11.80 109.33 62.18
EV/FCF
6,662 6,240 6,439 7,070 8,113 7,454 5,591 6,680 1,819 2,306
Op' Cash Flow
(1,362) (1,324) (1,315) (1,576) (1,373) (1,552) (1,549) (1,496) (1,120) (815)
Capex
5,300 4,916 5,124 5,494 6,740 5,902 4,042 5,184 699 1,491
FCF
5,507 6,590 6,465 3,749 7,034 6,368 5,165 1,082 4,628 6,792
Working Cap'
11,650 13,949 14,622 20,313 18,795 17,363 15,939 16,035 13,044 12,602
Total Debt
8,972 9,820 11,389 17,862 13,757 12,598 12,046 10,250 5,316 6,669
Net Debt
10,343 11,622 9,848 10,126 12,931 15,117 14,770 4,868 3,894 4,747
Sh' Equity
15.35% 13.71% 14.36% 11.13% 11.85% 12.54% 12.35% (14.42%) 9.23% 8.38%
ROA
22.74% 22.42% 21.21% 13.79% 16.77% 16.62% 10.18% (44.19%) 32.72% 25.34%
ROIC
46.31% 44.23% 49.83% 45.23% 47.27% 42.22% 38.66% (71.24%) 95.25% 75.22%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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.

Source: company filings (standardised) and stockrow calculations.

3M Company (MMM) Latest News

News by impact score

Fine-tune

23 Sep

3

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

3

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

3

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

4

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

3

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

4

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.

3

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

3

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

3

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

3

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

3

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

3

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

3

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

3

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

3

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

3

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

3

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

3

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

4

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.

4

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.

3

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

4

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.

4

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.

4

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.

4

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.

3

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.

3

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.

3 transcript

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.

3 transcript

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.

3

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.

stockrow.com/MMM · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com