FirmAtlas
Company handbook · MMM · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
MMM · CIK 66740 · LATEST FILING: 10-Q JUN '26 · FILED JUL 21, 2026
3M COMPANY
$164.75
−0.58 (−0.35%)
Close, Oct 16, 2026 · 52-week $139–185
Last fiscal year
3M COMPANY reported revenue of $24.9B for the year ended Dec 31, 2025 (FY25), up 1.5% from FY24. Net income was $3.2B, operating cash flow $2.3B and free cash flow $1.4B. Source: 10-K filed Feb 3, 2026.
Market cap
$87.4B
P/E
29.1
EV/EBITDA
16.2x
P/B
29.6
Div yield
1.86%
ROIC
26.2%
Revenue 1Y
1.5%/yr
EPS 1Y
−20.5%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOWilliam M. Brown
HQSt Paul, MN
AuditorPricewaterhouseCoopers LLP
Employees60,500
Year endsDecember
Revenue by segment · FY25
Safety And Industrial46%
Transportation And Electronics34%
Consumer20%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−0.3%
−2.0%
22.4%
8.8%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$10.7B deployed
Capex
$2.1B
19.6%
Dividends
$3.5B
33.2%
Buybacks
$5.1B
47.3%
Operating cash flow over the period: $4.1B. Total debt changed by −$691M. R&D of $700M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
24,575
24,948+1.5%
25,180
YoY
+1.5%
Gross profit
10,128
9,957−1.7%
9,922
Gross margin
41.2%
39.9%−1.3 pp
—
Operating income
4,822
4,629−4.0%
4,624
Operating margin
19.6%
18.6%−1.1 pp
—
EBITDA
6,185
5,937−4.0%
—
EBITDA margin
25.2%
23.8%−1.4 pp
—
Interest expense
472
448−5.1%
—
Interest coverage
13.10x
13.25x+0.15x
—
Net income
4,173
3,250−22.1%
2,997
YoY
−22.1%
Net margin
17.0%
13.0%−4.0 pp
—
EPS (diluted, $)
7.55
6.00−20.5%
5.65
YoY
−20.5%
Balance sheet
Total assets
39,868
37,733−5.4%
34,924
Cash & short-term investments
5,600
5,235−6.5%
—
Accounts receivable
3,194
3,533+10.6%
—
Inventory
3,698
3,661−1.0%
—
Net PP&E
7,388
7,101−3.9%
—
Other assets
19,988
18,203−8.9%
—
Total liabilities
36,026
33,031−8.3%
31,972
Accounts payable
2,660
2,702+1.6%
—
Total debt
14,963
14,272−4.6%
10,904
Other liabilities
18,403
16,057−12.7%
—
Shareholders’ equity
3,842
4,702+22.4%
2,952
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,819
2,306+26.8%
4,899
Net income
4,188
3,262−22.1%
—
Depreciation & amortization
1,363
1,308−4.0%
—
Stock-based compensation
289
225−22.1%
—
Working capital & other
(4,021)
(2,489)n/m
—
Cash from investing
(3,206)
1,350n/m
—
Capex
(1,181)
(910)n/m
—
PP&E sold
61
95+55.7%
—
Investments bought
(4,153)
(1,305)n/m
—
Investments sold / matured
2,074
3,468+67.2%
—
Other investing
(7)
2n/m
—
Cash from financing
1,098
(4,016)−465.8%
—
Dividends
(1,982)
(1,562)n/m
—
Buybacks
(1,801)
(3,251)n/m
—
Other financing
4,881
797−83.7%
—
Net change in cash
(333)
(365)n/m
—
Free cash flow (OCF − capex)
638
1,396+118.8%
3,985
Where the cash went
Operating cash flow
1,819
2,306+26.8%
4,899
Reinvested in the business
1,181
910−22.9%
—
% of operating cash flow
64.9%
39.5%
Capex
1,181
910−22.9%
914
R&D (memo, already in costs)
700
—
—
Free cash flow
638
1,396+118.8%
3,985
YoY
+118.8%
Returned to shareholders
3,783
4,813+27.2%
—
% of free cash flow
592.9%
344.8%
Dividends
1,982
1,562−21.2%
—
Buybacks
1,801
3,251+80.5%
—
Change in total debt
—
(691)
—
Cash left over
—
(4,108)
—
FCF conversion (FCF ÷ net income)
15.3%
43.0%+27.7 pp
—
Owner earnings
—
3,388
—
Owner earnings margin
—
13.6%
—
Buyback yield
2.6%
3.8%+1.2 pp
—
Returns & ratios
ROIC (all capital)
30.4%
26.2%−4.2 pp
—
ROIC (operating)
34.6%
30.4%−4.2 pp
—
Net debt / EBITDA
1.51x
1.52x+0.01x
—
Debt / equity
3.89x
3.04x−0.86x
—
Cash conversion cycle (days)
74
75+1 d
—
ROE
108.6%
69.1%−39.5 pp
—
ROA
10.5%
8.6%−1.9 pp
—
ROCE
16.9%
16.5%−0.4 pp
—
NOPAT
4,017
3,527−12.2%
—
Invested capital (operating)
11,620
11,593−0.2%
—
Invested capital (all)
13,205
13,739+4.0%
—
Reinvestment rate
—
−0.8%
—
Debtor days
47
52+4 d
—
Inventory days
93
89−4 d
—
Days payable
67
66−1 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
6,517
6,133
6,030
6,500
vs year-ago quarter
Gross profit
2,725
2,058
2,456
2,683
Gross margin
41.8%
33.6%
40.7%
41.3%
Operating income
1,447
796
1,397
984
Net income
834
577
653
933
vs year-ago quarter
Net margin
12.8%
9.4%
10.8%
14.4%
EPS (diluted, $)
1.55
1.09
1.23
1.78
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
37,611
37,733
35,436
34,924
Cash & equivalents
4,671
5,235
3,729
2,955
Total debt
12,603
14,272
10,906
10,904
Shareholders’ equity
4,628
4,702
3,263
2,952
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
1,756
1,583
574
986
Capex
218
248
225
223
Free cash flow
1,538
1,335
349
763
vs year-ago quarter