3M Company was incorporated in 1929 under the laws of the State of Delaware to continue operations begun in 1902. The Company’s ticker symbol is MMM. As used herein, the term “3M” or “Company” includes 3M Company and its subsidiaries unless the context indicates otherwise. In this document, for any references to Note 1 through Note 20, refer to the Notes to Consolidated Financial Statements in Item 8. Available Information: The Securities and Exchange Commission (SEC) maintains a website that contains reports, proxy and information statements, and other information regarding issuers, including the Company, that file electronically with the SEC. The public can obtain any documents that the Company files with the SEC at https://www.sec.gov. The Company files annual reports, quarterly reports, proxy statements and other documents with the SEC under the Securities Exchange Act of 1934 (Exchange Act). 3M also makes available free of charge through its website (https://investors.3M.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 24.9B | 24.9B | 24.6B | 24.6B | 34.2B | 35.4B |
| Net Income | 3.3B | 3.3B | 4.2B | -7.0B | 5.8B | 5.9B |
| EPS | $6.00 | $6.00 | $7.55 | $-10.56 | $8.51 | $8.46 |
| Free Cash Flow | 1.4B | 1.4B | 638M | 5.1B | 3.8B | 5.9B |
| ROIC | 25.7% | 29.2% | 36.3% | -39.1% | 20.0% | 20.3% |
| Gross Margin | 39.9% | 39.9% | 41.2% | 39.1% | 43.8% | 46.8% |
| Debt/Equity | 3.04 | 3.04 | 3.89 | 4.09 | 1.27 | 1.30 |
| Dividends/Share | $2.88 | $2.92 | $3.61 | $5.02 | $4.98 | $4.95 |
| Operating Income | 4.6B | 4.6B | 4.8B | -10.7B | 6.5B | 7.4B |
| Operating Margin | 18.6% | 18.6% | 19.6% | -43.4% | 19.1% | 20.8% |
| ROE | 69.1% | 76.1% | 108.6% | -145.5% | 39.2% | 39.4% |
| Shares Outstanding | 542M | 542M | 553M | 662M | 679M | 700M |
3M CO passes 4 of 9 quality checks, suggesting mixed fundamentals.
3M CO trades at 25.5x trailing earnings, compared to its 15-year median P/E of 16.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 57.6x vs a median of 15.5x. The company's 5-year average ROIC is 13.4% with a gross margin of 42.2%. Total shareholder yield (dividends + buybacks) is 5.8%. At current prices, the estimated annualized return to fair value is -14.3%.
3M CO (MMM) has a current P/E ratio of 25.5, compared to its historical median P/E of 16.5. The stock is currently considered Expensive based on its historical valuation range.
3M CO (MMM) has a 5-year average return on invested capital (ROIC) of 13.4%. This indicates solid capital allocation.
3M CO (MMM) has a market capitalization of $82.8B. It is classified as a large-cap stock.
Yes, 3M CO (MMM) pays a dividend with a trailing twelve-month yield of 1.89%. The company also returns capital through share buybacks, with a buyback yield of 3.93%.
Based on historical P/E analysis, 3M CO (MMM) appears expensive. The current P/E of 25.5 is 55% above its historical median of 16.5. The estimated fair value CAGR (P/E method) is -3.5%.
3M CO (MMM) operates in the Surgical & Medical Instruments & Apparatus industry, within the Healthcare sector.
3M CO (MMM) reported annual revenue of $24.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
3M CO (MMM) has a net profit margin of 13.0%. This is a healthy margin.
3M CO (MMM) generated $1.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
3M CO (MMM) has a debt-to-equity ratio of 3.04. This indicates higher leverage, which may increase financial risk.
3M CO (MMM) reported earnings per share (EPS) of $6.00 in its most recent fiscal year.
3M CO (MMM) has a return on equity (ROE) of 76.1%. This indicates the company generates strong returns for shareholders.
3M CO (MMM) has a 5-year average gross margin of 42.2%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for 3M CO (MMM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
3M CO (MMM) has a book value per share of $8.68, based on its most recent annual SEC filing.
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