3M MMM
$185.15 −$2.62 (-1.40%)
Pre-market · Nov 9, 4:40 am ET · After hours $185.15 0.00%
Open$184.04
Prev close$187.77
Day range$183.59 – $187.60
Volume3.37M
Market cap$95.67B
P/E (TTM)27.6
Dividend yield1.66%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$6.58B+1.0% YoY
Operating profit$1.56B-3.1% YoY
Net profit$1.41B+67.7% YoY
Diluted EPS$2.63+69.7% YoY
Free cash flow$230.00M-85.0% YoY
Operating cash flow$486.00M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin39.5%
Operating margin20.1%
Net margin14.0%
Return on equity80.8%
Return on assets9.2%
Return on invested capital22.1%
Current ratio1.41
Liabilities / assets87.0%
Cash & investments$5.15B
Total debt$15.00B
Net cash (debt)-$9.85B
Free cash flow / sales10.6%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $6.58B | $6.50B | $6.03B | $24.95B | $6.13B |
| Total Operating Revenue | $6.58B | $6.50B | $6.03B | $24.95B | $6.13B |
| Cost of Revenue | $3.80B | $3.82B | $3.57B | $14.99B | $4.08B |
| Gross Profit | $2.78B | $2.68B | $2.46B | $9.96B | $2.06B |
| Operating Expense | $1.23B | $1.36B | $1.05B | $5.17B | $1.26B |
| Selling and Admin Expenses | $921.00M | $1.06B | $744.00M | $4.00B | $965.00M |
| Research & Development | $304.00M | $302.00M | $308.00M | $1.17B | $299.00M |
| Operating Profit | $1.56B | $1.32B | $1.40B | $4.79B | $794.00M |
| Net Non-Operating Interest Income (Expense) | -$171.00M | -$170.00M | -$165.00M | -$714.00M | -$165.00M |
| Non-Operating Interest Income | $46.00M | $32.00M | $49.00M | $232.00M | $57.00M |
| Non-Operating Interest Expense | $217.00M | $202.00M | $214.00M | $946.00M | $222.00M |
| Other Income (Expense) | $283.00M | -$30.00M | -$361.00M | $136.00M | $129.00M |
| Gain on Sale of Security | $281.00M | $303.00M | -$356.00M | $402.00M | $160.00M |
| Special Income (Charges) | $0.00 | -$336.00M | -$7.00M | -$162.00M | $2.00M |
| -Gain on Sale Of Business | $0.00 | -$336.00M | -$7.00M | -$162.00M | $2.00M |
| Other Non-Operating Income (Expenses) | $2.00M | $3.00M | $2.00M | -$104.00M | -$33.00M |
| Pretax Profit | $1.67B | $1.12B | $878.00M | $4.21B | $758.00M |
| Tax | $261.00M | $183.00M | $221.00M | $1.00B | $185.00M |
| Earnings from Equity Interest Net of Tax | $1.00M | $1.00M | $2.00M | $52.00M | $1.00M |
| Net Profit | $1.41B | $938.00M | $659.00M | $3.26B | $574.00M |
| Profit from Continuing Operations | $1.41B | $938.00M | $659.00M | $3.26B | $574.00M |
| Minority Interests | $37.00M | $5.00M | $6.00M | $12.00M | -$3.00M |
| Net Income to Parent Company | $1.37B | $933.00M | $653.00M | $3.25B | $577.00M |
| Net Income to Common Stockholders | $1.37B | $933.00M | $653.00M | $3.25B | $577.00M |
| Basic EPS | $2.65 | $1.79 | $1.23 | $6.05 | $1.08 |
| Diluted EPS | $2.63 | $1.78 | $1.23 | $6.00 | $1.07 |
| Dividend Per Share | $0.78 | $0.78 | $0.78 | $2.92 | $0.73 |
| -Less:Restructuring and Mergern & Acquisition | – | – | – | -$402.00M | -$160.00M |
| Net Income from Discontinuous Operations | – | – | – | $0.00 | $0.00 |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $39.53B | $34.92B | $35.44B | $37.73B | $37.73B |
| Total Current Assets | $16.71B | $14.11B | $14.39B | $16.39B | $16.39B |
| Cash and Cash Equivalents & Short-Term Investments | $5.15B | $3.33B | $4.15B | $5.93B | $5.93B |
| -Cash and Cash Equivalents | $4.84B | $2.96B | $3.73B | $5.24B | $5.24B |
| -Short Term Investments | $310.00M | $375.00M | $420.00M | $698.00M | $698.00M |
| Receivables | $4.12B | $3.93B | $3.75B | $3.53B | $3.53B |
| -Accounts Receivable | $4.12B | $3.93B | $3.75B | $3.53B | $3.53B |
| Prepaid Assets | $482.00M | $492.00M | $407.00M | $391.00M | $391.00M |
| Inventory | $4.08B | $3.77B | $3.69B | $3.66B | $3.66B |
| Other Current Assets | $2.89B | $2.59B | $2.34B | $2.82B | $2.82B |
| Total Non-Current Assets | $22.81B | $20.81B | $21.04B | $21.35B | $21.35B |
| Net PPE | $6.97B | $6.88B | $6.96B | $7.10B | $7.10B |
| -Gross PPE | $24.17B | $23.89B | $23.91B | $23.92B | $23.92B |
| -Accumulated Depreciation | -$17.20B | -$17.01B | -$16.95B | -$16.82B | -$16.82B |
| Goodwill and Other Intangible Assets | $9.40B | $7.43B | $7.46B | $7.52B | $7.52B |
| -Goodwill | $7.34B | $6.37B | $6.38B | $6.42B | $6.42B |
| -Other Intangible Assets | $2.05B | $1.05B | $1.08B | $1.10B | $1.10B |
| Other Non-Current Assets | $6.45B | $6.51B | $6.62B | $6.72B | $6.72B |
| Total Liabilities | $34.39B | $31.92B | $32.13B | $32.99B | $32.99B |
| Total Current Liabilities | $11.87B | $11.38B | $9.03B | $9.60B | $9.60B |
| Payables | $3.04B | $3.11B | $2.79B | $2.70B | $2.70B |
| -Accounts Payable | $3.04B | $3.11B | $2.79B | $2.70B | $2.70B |
| Current Accrued Expenses | $619.00M | $522.00M | $420.00M | $718.00M | $718.00M |
| Short-Term Debt and Capital Lease Obligation | $2.44B | $1.65B | $1.65B | $1.67B | $1.67B |
| -Current Debt | $2.44B | $1.65B | $1.65B | $1.67B | $1.67B |
| Other Current Liabilities | $5.77B | $6.10B | $4.18B | $4.51B | $4.51B |
| Total Non-Current Liabilities | $22.52B | $20.54B | $23.09B | $23.39B | $23.39B |
| Long Term Debt and Capital Lease Obligation | $12.56B | $10.90B | $10.91B | $10.93B | $10.93B |
| -Long Term Debt | $12.56B | $10.90B | $10.91B | $10.93B | $10.93B |
| Employee Benefits | $1.46B | $1.50B | $1.59B | $1.63B | $1.63B |
| Other Non-Current Liabilities | $8.50B | $8.13B | $10.60B | $10.83B | $10.83B |
| Total Equity | $5.14B | $3.01B | $3.31B | $4.75B | $4.75B |
| Stockholders' Equity | $4.13B | $2.95B | $3.26B | $4.70B | $4.70B |
| 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 | $7.57B | $7.54B | $7.50B | $7.44B | $7.44B |
| Retained Earnings | $39.59B | $38.63B | $38.16B | $38.26B | $38.26B |
| Less: Treasury Stock | $38.05B | $38.18B | $37.31B | $35.94B | $35.94B |
| Gains/Losses Not Affecting Retained Earnings | -$4.98B | -$5.05B | -$5.10B | -$5.07B | -$5.07B |
| Minority Interests | $1.01B | $53.00M | $48.00M | $45.00M | $45.00M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $486.00M | $986.00M | $574.00M | $2.31B | $1.58B |
| Net cash flow from continuing operations | $486.00M | $986.00M | $574.00M | $2.31B | $1.58B |
| Net Income from Continuing Operations | $1.41B | $938.00M | $659.00M | $3.26B | $574.00M |
| Gain/Loss from Continuing Operations | $36.00M | $372.00M | $44.00M | $434.00M | $72.00M |
| Depreciation & Depletion & Amortization | $336.00M | $335.00M | $326.00M | $1.31B | $430.00M |
| Deferred Tax | $91.00M | $45.00M | $75.00M | $418.00M | $120.00M |
| Other Non-Cash Items | -$28.00M | -$35.00M | -$38.00M | -$145.00M | -$46.00M |
| Change in Working Capital | -$1.41B | -$710.00M | -$572.00M | -$3.20B | $390.00M |
| -Change in Receivables | -$143.00M | -$166.00M | -$248.00M | -$211.00M | $240.00M |
| -Change in Inventory | -$212.00M | -$81.00M | -$51.00M | $139.00M | $231.00M |
| -Change in Payables and Accrued Expense | -$106.00M | $301.00M | $120.00M | $21.00M | -$46.00M |
| -Change In Other Working Capital | -$944.00M | -$764.00M | -$393.00M | -$3.15B | -$35.00M |
| Net cash flow from investing | -$2.09B | -$483.00M | $60.00M | $1.35B | -$405.00M |
| Net Cash Flow from Continuing Investing Activities | -$2.09B | -$483.00M | $60.00M | $1.35B | -$405.00M |
| Net PPE Purchase and Sale | -$256.00M | -$211.00M | -$223.00M | -$815.00M | -$222.00M |
| Net Business Purchase and Sale | -$1.91B | – | – | $5.00M | $0.00 |
| Net Investment Purchase and Sale | $62.00M | $47.00M | $281.00M | $2.16B | -$183.00M |
| Net Other Investing Changes | $15.00M | $7.00M | $2.00M | -$3.00M | $0.00 |
| Financing Cash Flow | $3.48B | -$1.33B | -$2.12B | -$4.02B | -$617.00M |
| Net Cash Flow from Continuing Financing Activities | $3.48B | -$1.33B | -$2.12B | -$4.02B | -$617.00M |
| Net Issuance Payments Of Debt | $2.53B | $0.00 | $0.00 | -$716.00M | -$11.00M |
| Net Common Stock Issuance | -$232.00M | -$994.00M | -$2.00B | -$3.25B | -$552.00M |
| Cash Dividends Paid | -$403.00M | -$401.00M | -$412.00M | -$1.56B | -$387.00M |
| Proceeds from Stock Option Exercised | $338.00M | $62.00M | $302.00M | $1.56B | $343.00M |
| Net Other Financing Charges | $1.26B | -$1.00M | -$15.00M | -$49.00M | -$10.00M |
| Ending Cash Balance | $4.84B | $2.96B | $3.73B | $5.24B | $5.24B |
| Net Change in Cash | $1.88B | -$831.00M | -$1.49B | -$360.00M | $561.00M |
| Beginning Cash Balance | $2.96B | $3.73B | $5.24B | $5.60B | $4.67B |
| Effect of Exchange Rate Changes | $0.00 | $8.00M | -$13.00M | $41.00M | $5.00M |
| Free Cash Flow | $230.00M | $763.00M | $349.00M | $1.40B | $1.34B |
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