MMM
SP100NYSE3M Company
Industrials · Conglomerates · United States
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.
www.3m.com ↗Shares trade at a premium 31.0× trailing earnings, easing to 16.9× on forward estimates. Profitability shows a net margin of 11.1% and return on equity of 71.5%. Leverage is modest at 1.2× net debt/EBITDA. Revenue grew 1.3% year-on-year. It yields 1.9% in dividends. The mean analyst target of USD171.02 sits 6.6% above the current price (Buy, 17 analysts).
business model
3M is a diversified industrial and materials company that develops and manufactures a wide range of products using core technologies in adhesives, abrasives, coatings, films, and materials science. It sells to industrial, safety, consumer, and adjacent markets through distributors and direct channels globally.
revenue segments
Following the spin-off of its health care business (Solventum), 3M reports segments including Safety and Industrial, Transportation and Electronics, and Consumer. Products range from tapes, abrasives, and filtration to electronics materials and consumer brands like Scotch and Post-it.
key dependencies
Depends on industrial production and manufacturing activity, raw material and energy costs, R&D-driven product innovation, global distribution, and end-market demand across autos, electronics, and consumer spending.
competitors
Competes with a broad set of industrial and materials firms including Honeywell, Illinois Tool Works, Avery Dennison, Henkel, DuPont, Saint-Gobain, and numerous specialized players across its diverse product lines.
moat
Benefits from a strong innovation culture, extensive patent portfolio, brand recognition in certain consumer and industrial categories, manufacturing scale, and a diversified product base spanning many end markets.
risks
Faces substantial legal liabilities, notably PFAS environmental litigation and Combat Arms earplug settlements, which weigh on financials. Also exposed to industrial cyclicality, input cost inflation, slowing innovation output, and restructuring following portfolio changes.
Financials & metrics
as of 26 Aug 2026Price is closer to the high end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | $24.95B | $24.57B | $24.61B | $26.16B | — |
| Cost of revenue | $14.99B | $14.45B | $14.98B | $15.85B | — |
| Gross profit | $9.96B | $10.13B | $9.63B | $10.31B | — |
| Operating expense | $5.17B | $5.31B | $20.35B | $8.39B | — |
| R&D | $1.17B | $1.08B | $1.15B | $1.16B | — |
| Operating income | $4.79B | $4.82B | -$10.72B | $1.92B | — |
| Interest expense | $946.00M | $1.19B | $941.00M | $462.00M | — |
| Pretax income | $4.21B | $4.82B | -$11.27B | $4.20B | — |
| Tax provision | $1.00B | $804.00M | -$2.87B | $188.00M | — |
| Net income | $3.25B | $4.17B | -$7.00B | $5.78B | — |
| EBITDA | $6.47B | $7.37B | -$8.34B | $6.50B | — |
| Diluted EPS | $6.00 | $7.55 | -$12.63 | $10.18 | — |
Balance sheet
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | $37.73B | $39.87B | $50.58B | $46.45B | — |
| Current assets | $16.39B | $15.88B | $16.38B | $14.69B | — |
| Cash & equivalents | $5.24B | $5.60B | $5.74B | $3.65B | — |
| Inventory | $3.66B | $3.70B | $3.94B | $5.37B | — |
| Total liabilities | $32.99B | $35.97B | $45.71B | $31.68B | — |
| Current liabilities | $9.60B | $11.26B | $15.30B | $9.52B | — |
| Total debt | $12.60B | $13.04B | $16.75B | $16.86B | — |
| Long-term debt | $10.93B | $11.13B | $13.09B | $14.00B | — |
| Shareholders' equity | $4.70B | $3.84B | $4.81B | $14.72B | — |
| Retained earnings | $38.26B | $36.80B | $37.48B | $47.95B | — |
| Working capital | $6.79B | $4.63B | $1.08B | $5.17B | — |
Cash flow
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | $2.31B | $1.82B | $6.68B | $5.59B | — |
| Investing cash flow | $1.35B | -$3.21B | -$1.21B | -$1.05B | — |
| Financing cash flow | -$4.02B | $1.10B | -$3.15B | -$5.35B | — |
| Capital expenditure | -$910.00M | -$1.18B | -$1.61B | -$1.75B | — |
| Free cash flow | $1.40B | $638.00M | $5.07B | $3.84B | — |
| Dividends paid | -$1.56B | -$1.98B | -$3.31B | -$3.37B | — |
| Share buybacks | -$3.25B | -$1.80B | -$33.00M | -$1.46B | — |
| End cash position | $5.24B | $5.60B | $5.93B | $3.65B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 26 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 26 Aug 2026News
Sector peers
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