3M
MMM NYSE· Industrial Conglomerates
Last close · Oct 26, 2026
$172.79
KIRA · Stoqly’s AI analyst, in plain words
- 3M had $24.9B of revenue in fiscal 2025, up 1.5% on the year before. Over five years, revenue changed −5.0% a year on average.
- Its operating margin was 18.6%, down 1.1 pts: of every 100 in sales, about 19 is left after running the business.
- 3M made $3.3B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −3.4% a year.
- Free cash flow was $1.4B in fiscal 2025, 5.6% of revenue.
- 3M returned $4.8B to shareholders in fiscal 2025, 345% of free cash flow. The diluted share count fell 2.0%.
- 3M owes $6.7B more than it holds in cash, about 1.1 years of operating profit.
Market cap
$90.3B
P/E
25.8x
Revenue
$24.9B
Net income
$3.3B
Free cash flow
$1.4B
Operating margin
18.6%
3M in 30 seconds · fiscal 2025
Are sales growing?
+1.5%
Only a little. Sales grew 1.5% last year.
Does it make a profit?
13.0%
Yes. It keeps 13.0% of every sale as profit.
Does profit turn into cash?
5.6%
Partly. 5.6% of sales ends up as free cash.
Is debt under control?
1.1x
Keep an eye on it. Repaying its debt would take 1.1 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
25.8x
One share costs 25.8 times its yearly profit per share. Typical for its sector: 26.0x.
What 3M does
3M makes a wide range of industrial and household products. They include sandpaper and other abrasives, industrial tapes and adhesives, electrical products, respirators, hearing and fall protection, and roofing granules; films, ceramics and other materials for cars, aircraft, electronics, chips, data centers and road signs; and household brands such as Scotch tape, Post-it notes, Command hooks, Filtrete air filters, Scotch-Brite sponges and Nexcare bandages. It sells directly to users and through wholesalers, retailers, distributors and dealers in many countries. 3M reports three segments: Safety and Industrial, Transportation and Electronics, and Consumer. In 2025, sales in Safety and Industrial rose 3.9 percent. The Americas made up just over half of its sales, with the rest coming from Asia Pacific and from Europe, the Middle East and Africa. The company says most of its products face competition from other technology-driven manufacturers.
Biggest risks, in its own words
- Large liabilities from lawsuits and regulation over PFAS chemicals it made, including its settlement with US water suppliers.
- Risks tied to the settlement over its Combat Arms earplugs, sold by its Aearo subsidiaries.
- Tariffs, trade disputes and changing economic and political conditions around the world.
- Failing to bring new products to market on time or win customers for them.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 3, 2026
- Legal name
- 3M COMPANY
- CIK
- 0000066740
3M · MMM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $35.4B | $26.2B | $24.6B | $24.6B | $24.9B |
| Revenue growth | 9.9% | −26.0% | −5.9% | −0.1% | 1.5% |
| Gross margin | 46.8% | 39.4% | 39.1% | 41.2% | 39.9% |
| Operating margin | 20.8% | 16.7% | −43.4% | 19.6% | 18.6% |
| Net income | $5.9B | $5.8B | −$7.0B | $4.2B | $3.3B |
| Net margin | 16.8% | 22.1% | −28.4% | 17.0% | 13.0% |
| Diluted EPS | $10.12 | $10.18 | −$12.63 | $7.55 | $6.00 |
| Cash | |||||
| Cash from operations | $7.5B | $5.6B | $6.7B | $1.8B | $2.3B |
| Capital expenditure | $1.6B | $1.7B | $1.6B | $1.2B | $910M |
| Free cash flow | $5.9B | $3.8B | $5.1B | $638M | $1.4B |
| FCF margin | 16.6% | 14.7% | 20.6% | 2.6% | 5.6% |
| Dividends paid | $3.4B | $3.4B | $3.3B | $2.0B | $1.6B |
| Share buybacks | $2.2B | $1.5B | $33.0M | $1.8B | $3.3B |
| Share count change | 0.5% | −3.0% | −2.4% | −0.3% | −2.0% |
| Debt and strength | |||||
| Cash and short-term investments | $4.8B | $3.9B | $6.0B | $7.7B | $5.9B |
| Debt incl. finance leases | $17.4B | $16.0B | $14.2B | $13.0B | $12.6B |
| Shareholders' equity | $15.0B | $14.7B | $4.8B | $3.8B | $4.7B |
| Net debt / EBITDA | 1.4x | 2.0x | — | 0.9x | 1.1x |
| Current ratio | 1.7x | 1.5x | 1.1x | 1.4x | 1.7x |
| Interest coverage | 15.1x | 9.5x | −11.4x | 4.1x | 4.9x |
| Returns and quality | |||||
| Return on capital | 22.2% | 15.3% | −42.2% | 36.0% | 34.2% |
| Return on equity | 42.4% | 38.8% | −71.6% | 96.5% | 76.1% |
| Piotroski F-score | 6 | 4 | 4 | 7 | 5 |
| Altman Z'' | 5.6 | 5.2 | 1.3 | 4.7 | 5.5 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$21.0M
7 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
3M · MMM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| 3M MMM | $90.3B | 1.5% | 18.6% | 5.6% | 34.2% | 25.8x | 5 |
| Honeywell Technologies HON | $70.0B | 7.9% | 21.7% | 14.5% | 17.1% | — | 4 |
| DuPont DD | $18.6B | 1.9% | — | 3.3% | 1.1% | — | 6 |
| Carlisle Companies CSL | $14.0B | 0.3% | 20.0% | 19.3% | 21.9% | 19.8x | 6 |
| Waste Management WM | $97.0B | 14.2% | 17.1% | 11.2% | 10.9% | 34.1x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $172.79 a share, the company is worth $90.3B: 25.8 times its earnings of the last four quarters.
3M grew sales faster than 1 of its 4 similar companies. Its P/E is higher than 1 of 2.
Source: SEC EDGAR XBRL filings (CIK 0000066740). Data updated October 20, 2026. For information only — not investment advice. Check the original filings before relying on any figure.