3M CompanyMMM
NYSE•Industrials•Conglomerates
3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment and bonding, films, sound, and temperature management for transportation vehicles; format graphic films for advertising and fleet signage; reflective signage for highway and vehicle safety; light management films and electronics assembly solutions; chip packaging and interconnection solutions; semiconductor production materials; and data center solutions. The Consumer segment offers cleaning products for the home; consumer air quality products; picture hanging accessories; retail abrasives, paint accessories, and safety products; stationery and office products; automotive appearance products; and consumer bandages, tapes, braces, and supports. It serves automotive; commercial solutions; consumer markets; design and construction; electronics; energy; government; manufacturing; safety; transportation industries. The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, channel partner, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.
3M Company (MMM) reported trailing twelve months revenue of $25.02B as of March 2026, a 11.1% increase year-over-year. Quarterly revenue reached $6.03B, reflecting continued top-line momentum.
3M Company generated $2.79B in TTM net income, with quarterly EBITDA of $1.72B. The operating margin expanded from 20.9% to 23.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (23.2%) and net margin (10.8%) indicates moderate non-operating costs. Net margin has narrowed from 18.7% a year ago, reflecting increased costs or interest expense.
MMM trades at a P/E of 27.1x (in line with broad market averages) and a P/S of 3.0x. The price-to-book ratio of 23.1x indicates a significant premium over book value.
The company generated $349.00M in free cash flow over the trailing twelve months, a 210.8% increase year-over-year, indicating cash generation ability. The balance sheet shows $35.44B in total assets with $10.91B in long-term debt against $3.26B in stockholders equity for a debt-to-equity ratio of 3.3, a relatively leveraged position. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~19.6% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 80.6% suggests a durable competitive advantage and efficient capital allocation.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 5.1% — watch for continued compression, which may signal competitive or cost pressure.
FCF consistently trails net income (avg 0.5x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 3.3 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.
TTM revenue has contracted 10.2% — significant decline indicating deteriorating demand.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 4.5% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation