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3M Company

MMM Industrials Conglomerates

3M Company’s revenue for fiscal 2025 (year ended December 2025) was $24.9 billion, up 1.52% from fiscal 2024. In the quarter to June 2026, revenue grew 2.46%, EPS grew 32.6%, free cash flow grew 166.9% and total debt fell 4.53%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones.

164.75 0.58 −0.35%
Market cap
$85.3B
P/E
29.1×
Fwd P/E
20.2×
Dividend yield
1.86%
F-score
5/9
Altman Z
4.27
Beneish M
−2.26
Dividend safety
43/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 17.82
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 2 — — 4 — — — — 4 1 — —
Insider Ownership 0.85%

Capital & Financial Ratios $m

Market Cap 85,260.00
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 (above 2: weak)
P/E ratio 29.11
Fwd P/E 20.20
P/S ratio 3.40
P/B ratio 28.49 (above 6: high)
Past 5Y EPS Growth (8.29%) (below 0%: weak)
This Y EPS Growth 10.98%
Next Y EPS Growth 10.29%
Next Y revenue growth 1.94%
Next 5Y EPS Growth 9.78%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.8×, against a ten-year median of 3.2×; over the ten years it ranged from 1.9× in 2022 to 4.3× in 2018.
P/E against its own 10 years 94.52%
10-year low 10-year high
P/S against its own 10 years 87.17%
10-year low 10-year high
P/B against its own 10 years 98.34%
10-year low 10-year high
EV/Sales against its own 10 years 90.12%
10-year low 10-year high
EV/FCF against its own 10 years 76.69%
10-year low 10-year high

Dividends

Payout Ratio 0.55
Annual Dividend Rate 3.07
Annual Dividend Yield 1.86%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.14
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 special payouts not included in total or ratios

Assets vs Liabilities $m

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

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 $m

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
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

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
Fiscal quarters ending in the months shown.

Free Cash Flow $m

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
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

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 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
High 152.40 204.21 217.20 183.74 152.63 174.71 151.99 108.61 141.34 174.69
People
People Employees 91,584 91,536 93,516 96,163 94,987 95,000 92,000 85,000 61,500 60,500
Revenue/emp, $m 0.33 0.35 0.35 0.33 0.34 0.37 0.28 0.29 0.40 0.41
Income, $m
Income, $m Revenue 30,109 31,657 32,765 32,136 32,184 35,355 26,161 24,610 24,575 24,948
Gross margin, % 49.79 49.28 49.09 46.68 48.41 46.84 39.40 39.12 41.21 39.91
EBT 7,053 7,548 7,000 5,643 6,795 7,204 4,204 (11,271) 4,819 4,213
EBT margin, % 23.42 23.84 21.36 17.56 21.11 20.38 16.07 (45.80) 19.61 16.89
Net income 5,058 4,869 5,363 4,529 5,453 5,929 5,791 (6,979) 4,188 3,262
Depreciation 1,474 1,544 1,488 1,593 1,911 1,915 1,831 1,987 1,363 1,308
Per share, $
Per share, $ Revenue 49.79 52.98 55.68 55.70 55.72 61.06 46.22 44.43 44.62 46.42
Earnings 8.35 8.13 9.09 7.92 9.32 10.23 10.21 (12.63) 7.58 6.05
Cash flow 11.02 10.44 10.94 12.25 14.05 12.87 9.88 12.06 3.30 4.29
Capex (2.25) (2.22) (2.23) (2.73) (2.38) (2.68) (2.74) (2.70) (2.03) (1.52)
Free cash flow 8.76 8.23 8.71 9.52 11.67 10.19 7.14 9.36 1.27 2.77
Book value 17.10 19.45 16.73 17.55 22.39 26.11 26.10 8.79 7.07 8.83
Shares, m 605 598 589 577 578 579 566 554 551 537
Valuation, ×
Valuation, × P/E 17.81 24.23 17.49 18.63 15.66 14.53 10.06 0.00 17.05 26.51
P/S 2.99 3.72 2.86 2.65 2.62 2.43 2.22 2.07 2.89 3.45
P/B 8.70 10.13 9.52 8.41 6.53 5.69 3.92 10.46 18.26 18.12
EV/Sales 3.29 4.03 3.21 3.20 3.05 2.79 2.68 2.49 3.11 3.72
EV/FCF 18.68 25.94 20.52 18.74 14.57 16.70 17.32 11.80 109.33 62.18
Cash, $m
Cash, $m Operating cash flow 6,662 6,240 6,439 7,070 8,113 7,454 5,591 6,680 1,819 2,306
Capex (1,362) (1,324) (1,315) (1,576) (1,373) (1,552) (1,549) (1,496) (1,120) (815)
Free cash flow 5,300 4,916 5,124 5,494 6,740 5,902 4,042 5,184 699 1,491
Balance, $m
Balance, $m Working capital 5,507 6,590 6,465 3,749 7,034 6,368 5,165 1,082 4,628 6,792
Total debt 11,650 13,949 14,622 20,313 18,795 17,363 15,939 16,035 13,044 12,602
Net debt 8,972 9,820 11,389 17,862 13,757 12,598 12,046 10,250 5,316 6,669
Shareholders’ equity 10,343 11,622 9,848 10,126 12,931 15,117 14,770 4,868 3,894 4,747
Returns, %
Returns, % ROA 15.35 13.71 14.36 11.13 11.85 12.54 12.35 (14.42) 9.23 8.38
ROIC 22.74 22.42 21.21 13.79 16.77 16.62 10.18 (44.19) 32.72 25.34
ROE 46.31 44.23 49.83 45.23 47.27 42.22 38.66 (71.24) 95.25 75.22
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

3M Company vs peers in Conglomerates (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MMM 3M Company $85.3B 29.1× 20.2× +2.46% (above 0%: growing) +32.59% (above 0%: growing) +166.87% (above 0%: growing) 41.28% 15.14%
HON Honeywell International Inc. $66.7B 8.1× 23.7× +4.26% (above 0%: growing) +240.04% (above 0%: growing) −12.08% (below 0%: shrinking) 37.59% 18.37% Compare
VMI Valmont Industries, Inc. $8.7B 17.2× 23.4× +6.49% (above 0%: growing) n/m −16.58% (below 0%: shrinking) 30.47% 14.85% Compare
BBUC Brookfield Business Partners L.P. $5.5B — (loss-making) — (loss-making) −2.96% (below 0%: shrinking) +50.00% (above 0%: growing) −2,167.65% (below 0%: shrinking) 19.59% 15.15% Compare
PAM Pampa Energia S.A. $4.3B 7.7× 8.5× +53.50% (above 0%: growing) +358.57% (above 0%: growing) +82.43% (above 0%: growing) 35.39% 25.20% Compare
SEB Seaboard Corporation $3.8B 5.9× — (loss-making) +17.82% (above 0%: growing) +51.82% (above 0%: growing) −11.29% (below 0%: shrinking) 7.56% 3.42% Compare
OTTR Otter Tail Corporation $3.8B 19.3× 14.9× +0.40% (above 0%: growing) n/m −145.61% (below 0%: shrinking) 57.45% (7.24%) Compare
DLX Deluxe Corporation $1.1B 10.3× 8.7× −4.22% (below 0%: shrinking) −18.00% (below 0%: shrinking) +110.79% (above 0%: growing) 51.99% 11.16% Compare
FBYD Falcon's Beyond Global, Inc. $1.0B — (loss-making) — +120.40% (above 0%: growing) n/m +130.40% (above 0%: growing) 62.66% (4.66%) Compare
Median of peers $4.1B 9.2× 14.9× +5.38% +51.82% −11.69% 36.49% 13.01%

All 28 Conglomerates stocks →

MMM metrics, ten years each

3M Company (MMM) key facts

  • Concern: Net income was $3.3 billion, or $6.05 per share (basic), a net margin of 13.0%.
  • Strength: 3M Company’s revenue for fiscal 2025 (year ended December 2025) was $24.9 billion, up 1.52% from fiscal 2024.
  • 3M Company (MMM) is a Conglomerates company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, MMM traded at $164.75, a market capitalization of $85.3 billion.
  • At that price the stock trades at 29.1× trailing-twelve-month earnings and 3.4× sales; its P/E is higher than 95% of its own readings over the past ten years.
  • 3M Company pays an annual dividend of $3.07 per share, a yield of 1.86%, with a payout ratio of 54.5%.
  • Return on equity was 75.2% and debt-to-equity 4.18.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 4.27 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

3M Company (MMM) Latest News

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