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3M MMM

US equityMarket cap rank #186
$168.84
−$1.47 (-0.86%)
Market open · Sep 24, 2:00 pm ET
After hours $169.80 -0.29%
Open$169.65
Prev close$170.30
Day range$167.80 – $170.75
Volume953.9K
Market cap$87.07B
P/E (TTM)30.0
Dividend yield1.79%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$6.50B+2.5% YoY
Operating profit$1.32B+15.5% YoY
Net profit$938.00M+29.4% YoY
Diluted EPS$1.78+32.8% YoY
Free cash flow$763.00M+165.7% YoY
Operating cash flow$986.00M

Revenue, last 8 quarters

$6.3BSep '24$6.0BDec '24$6.0BMar '25$6.3BJun '25$6.5BSep '25$6.1BDec '25$6.0BMar '26$6.5BJun '26

Net profit, last 8 quarters

$1.4BSep '24$728.0MDec '24$1.1BMar '25$725.0MJun '25$841.0MSep '25$574.0MDec '25$659.0MMar '26$938.0MJun '26

Diluted EPS by quarter

2.48Sep '241.33Dec '242.04Mar '251.34Jun '251.55Sep '251.07Dec '251.23Mar '261.78Jun '26

Free cash flow by quarter

$-2.0BSep '24$1.5BDec '24$-315.0MMar '25$-1.2BJun '25$1.5BSep '25$1.3BDec '25$349.0MMar '26$763.0MJun '26

Annual revenue

$32.2BFY20$35.4BFY21$26.2BFY22$24.6BFY23$24.6BFY24$24.9BFY25

Profitability & balance sheet

Gross margin39.4%
Operating margin20.4%
Net margin11.9%
Return on equity82.8%
Return on assets8.2%
Return on invested capital21.0%
Current ratio1.24
Liabilities / assets91.4%
Cash & investments$3.33B
Total debt$12.55B
Net cash (debt)-$9.22B
Free cash flow / sales15.8%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Safety and Industrial$3.09B 47.6%
  • Transportation and Electronics$2.07B 31.8%
  • Consumer$1.25B 19.2%
  • Corporate$96.00M 1.5%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $6.50B $6.03B $24.95B $6.13B $6.52B
Total Operating Revenue $6.50B $6.03B $24.95B $6.13B $6.52B
Cost of Revenue $3.82B $3.57B $14.99B $4.08B $3.79B
Gross Profit $2.68B $2.46B $9.96B $2.06B $2.73B
Operating Expense $1.36B $1.05B $5.17B $1.26B $1.12B
Selling and Admin Expenses $1.06B $744.00M $4.00B $965.00M $820.00M
Research & Development $302.00M $308.00M $1.17B $299.00M $297.00M
Operating Profit $1.32B $1.40B $4.79B $794.00M $1.61B
Net Non-Operating Interest Income (Expense) -$170.00M -$165.00M -$714.00M -$165.00M -$186.00M
Non-Operating Interest Income $32.00M $49.00M $232.00M $57.00M $46.00M
Non-Operating Interest Expense $202.00M $214.00M $946.00M $222.00M $232.00M
Other Income (Expense) -$30.00M -$361.00M $136.00M $129.00M -$275.00M
Gain on Sale of Security $303.00M -$356.00M $402.00M $160.00M -$94.00M
Special Income (Charges) -$336.00M -$7.00M -$162.00M $2.00M -$161.00M
-Gain on Sale Of Business -$336.00M -$7.00M -$162.00M $2.00M -$161.00M
Other Non-Operating Income (Expenses) $3.00M $2.00M -$104.00M -$33.00M -$20.00M
Pretax Profit $1.12B $878.00M $4.21B $758.00M $1.15B
Tax $183.00M $221.00M $1.00B $185.00M $308.00M
Earnings from Equity Interest Net of Tax $1.00M $2.00M $52.00M $1.00M $2.00M
Net Profit $938.00M $659.00M $3.26B $574.00M $841.00M
Profit from Continuing Operations $938.00M $659.00M $3.26B $574.00M $841.00M
Minority Interests $5.00M $6.00M $12.00M -$3.00M $7.00M
Net Income to Parent Company $933.00M $653.00M $3.25B $577.00M $834.00M
Net Income to Common Stockholders $933.00M $653.00M $3.25B $577.00M $834.00M
Basic EPS $1.79 $1.23 $6.05 $1.08 $1.56
Diluted EPS $1.78 $1.23 $6.00 $1.07 $1.55
Dividend Per Share $0.78 $0.78 $2.92 $0.73 $0.73
-Less:Restructuring and Mergern & Acquisition – – -$402.00M -$160.00M $94.00M
Net Income from Discontinuous Operations – – $0.00 $0.00 $0.00

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $34.92B $35.44B $37.73B $37.73B $37.61B
Total Current Assets $14.11B $14.39B $16.39B $16.39B $16.09B
Cash and Cash Equivalents & Short-Term Investments $3.33B $4.15B $5.93B $5.93B $5.19B
-Cash and Cash Equivalents $2.96B $3.73B $5.24B $5.24B $4.67B
-Short Term Investments $375.00M $420.00M $698.00M $698.00M $517.00M
Receivables $3.93B $3.75B $3.53B $3.53B $3.78B
-Accounts Receivable $3.93B $3.75B $3.53B $3.53B $3.78B
Prepaid Assets $492.00M $407.00M $391.00M $391.00M $514.00M
Inventory $3.77B $3.69B $3.66B $3.66B $3.89B
Other Current Assets $2.59B $2.34B $2.82B $2.82B $2.67B
Total Non-Current Assets $20.81B $21.04B $21.35B $21.35B $21.52B
Net PPE $6.88B $6.96B $7.10B $7.10B $7.78B
-Gross PPE $23.89B $23.91B $23.92B $23.92B $24.47B
-Accumulated Depreciation -$17.01B -$16.95B -$16.82B -$16.82B -$16.68B
Goodwill and Other Intangible Assets $7.43B $7.46B $7.52B $7.52B $7.54B
-Goodwill $6.37B $6.38B $6.42B $6.42B $6.42B
-Other Intangible Assets $1.05B $1.08B $1.10B $1.10B $1.13B
Other Non-Current Assets $6.51B $6.62B $6.72B $6.72B $6.20B
Total Liabilities $31.92B $32.13B $32.99B $32.99B $32.94B
Total Current Liabilities $11.38B $9.03B $9.60B $9.60B $8.73B
Payables $3.11B $2.79B $2.70B $2.70B $3.06B
-Accounts Payable $3.11B $2.79B $2.70B $2.70B $2.74B
Current Accrued Expenses $522.00M $420.00M $718.00M $718.00M $668.00M
Short-Term Debt and Capital Lease Obligation $1.65B $1.65B $1.67B $1.67B $923.00M
-Current Debt $1.65B $1.65B $1.67B $1.67B $749.00M
Other Current Liabilities $6.10B $4.18B $4.51B $4.51B $4.08B
Total Non-Current Liabilities $20.54B $23.09B $23.39B $23.39B $24.20B
Long Term Debt and Capital Lease Obligation $10.90B $10.91B $10.93B $10.93B $12.23B
-Long Term Debt $10.90B $10.91B $10.93B $10.93B $11.85B
Employee Benefits $1.50B $1.59B $1.63B $1.63B $1.65B
Other Non-Current Liabilities $8.13B $10.60B $10.83B $10.83B $10.32B
Total Equity $3.01B $3.31B $4.75B $4.75B $4.68B
Stockholders' Equity $2.95B $3.26B $4.70B $4.70B $4.63B
Capital Stock $9.00M $9.00M $9.00M $9.00M $9.00M
-Common Stock $9.00M $9.00M $9.00M $9.00M $9.00M
Additional Paid-In Capital $7.54B $7.50B $7.44B $7.44B $7.40B
Retained Earnings $38.63B $38.16B $38.26B $38.26B $38.10B
Less: Treasury Stock $38.18B $37.31B $35.94B $35.94B $35.76B
Gains/Losses Not Affecting Retained Earnings -$5.05B -$5.10B -$5.07B -$5.07B -$5.12B
Minority Interests $53.00M $48.00M $45.00M $45.00M $47.00M
-Total Tax Payable – – – – $324.00M
-Current Capital Lease Obligation – – – – $174.00M
-Long Term Capital Lease Obligation – – – – $379.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $986.00M $574.00M $2.31B $1.58B $1.76B
Net cash flow from continuing operations $986.00M $574.00M $2.31B $1.58B $1.76B
Net Income from Continuing Operations $938.00M $659.00M $3.26B $574.00M $841.00M
Gain/Loss from Continuing Operations $372.00M $44.00M $434.00M $72.00M $224.00M
Depreciation & Depletion & Amortization $335.00M $326.00M $1.31B $430.00M $298.00M
Deferred Tax $45.00M $75.00M $418.00M $120.00M $81.00M
Other Non-Cash Items -$35.00M -$38.00M -$145.00M -$46.00M -$38.00M
Change in Working Capital -$710.00M -$572.00M -$3.20B $390.00M $297.00M
-Change in Receivables -$166.00M -$248.00M -$211.00M $240.00M -$32.00M
-Change in Inventory -$81.00M -$51.00M $139.00M $231.00M $148.00M
-Change in Payables and Accrued Expense $301.00M $120.00M $21.00M $79.00M -$240.00M
-Change In Other Working Capital -$764.00M -$393.00M -$3.15B -$160.00M $421.00M
Net cash flow from investing -$483.00M $60.00M $1.35B -$405.00M $465.00M
Net Cash Flow from Continuing Investing Activities -$483.00M $60.00M $1.35B -$405.00M $465.00M
Net PPE Purchase and Sale -$211.00M -$223.00M -$815.00M -$222.00M -$170.00M
Net Investment Purchase and Sale $47.00M $281.00M $2.16B -$183.00M $635.00M
Net Other Investing Changes $7.00M $2.00M -$3.00M $0.00 $0.00
Financing Cash Flow -$1.33B -$2.12B -$4.02B -$617.00M -$1.21B
Net Cash Flow from Continuing Financing Activities -$1.33B -$2.12B -$4.02B -$617.00M -$1.21B
Net Issuance Payments Of Debt $0.00 $0.00 -$716.00M -$11.00M -$554.00M
Net Common Stock Issuance -$994.00M -$2.00B -$3.25B -$552.00M -$472.00M
Cash Dividends Paid -$401.00M -$412.00M -$1.56B -$387.00M -$389.00M
Proceeds from Stock Option Exercised $62.00M $302.00M $1.56B $343.00M $231.00M
Net Other Financing Charges -$1.00M -$15.00M -$49.00M -$10.00M -$24.00M
Ending Cash Balance $2.96B $3.73B $5.24B $5.24B $4.67B
Net Change in Cash -$831.00M -$1.49B -$360.00M $561.00M $1.01B
Beginning Cash Balance $3.73B $5.24B $5.60B $4.67B $3.71B
Effect of Exchange Rate Changes $8.00M -$13.00M $41.00M $5.00M -$10.00M
Free Cash Flow $763.00M $349.00M $1.40B $1.34B $1.54B
Net Business Purchase and Sale – – $5.00M $0.00 $0.00
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