Latest revenue
$6.03B
as of 2026-03-31
Latest net income
$653.0M
as of 2026-03-31
Net margin
10.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $79.51B
- Enterprise value
- $91.64B
- P/E (trailing)
- 24.5×
- Forward P/E
- —
- P/B
- 24.37×
- Dividend yield
- 2.0%
- 52-wk high
- $177.41
- 52-wk low
- $139.34
- Beta
- —
- Shares out
- 521.6M
5-year trend
What this company does
3M manufactures industrial, safety, and consumer products spanning abrasives, adhesives, personal protective equipment, electronics materials, automotive films, and household brands like Scotch and Command. The company generates revenue selling these physical goods across three segments, with Safety and Industrial (~$2.9B quarterly) the largest, followed by Transportation and Electronics, then Consumer. 3M is reshaping its portfolio, partnering with Bain Capital on a $1.95 billion Madison Fire & Rescue acquisition combined with its breathing apparatus unit, while divesting precision grinding and aggressively buying back stock.
Generated from MMM's filing dated 2026-02-03
Key risks
- EPS collapsed to $1.23 from $2.05 YoY despite flat sales, driven by other expense swinging $658M to a $519M charge
- Equity nearly halved: shareholders' equity fell to $3.26B from $4.70B after $2.0B Q1 buybacks against only $653M net income
- Madison Fire & Rescue acquisition: $1.95B deal with Bain adds leverage to a JV 3M will consolidate at 50.1% ownership
Generated from MMM's filing dated 2026-02-03
Profitability
Operating margin
18.6%
5.4%Net margin
13.0%
23.3%Return on equity
69.1%
36.4%Return on assets
8.6%
17.7%Leverage
Debt / equity
7.02×
25.1%Long-term debt / equity
2.32×
19.7%Debt / assets
87.5%
3.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $6.03B | +1.3% | $653.0M | -41.5% | 10.8% |
Q4 2025 2025-12-31 | $6.13B | +2.0% | $577.0M | -20.7% | 9.4% |
Q3 2025 2025-09-30 | $6.52B | +3.5% | $834.0M | -39.2% | 12.8% |
Q2 2025 2025-06-30 | $6.34B | +1.4% | $723.0M | -36.9% | 11.4% |
Q1 2025 2025-03-31 | $5.95B | -1.0% | $1.12B | +20.3% | 18.7% |
Q4 2024 2024-12-31 | $6.01B | — | $728.0M | — | 12.1% |
Q3 2024 2024-09-30 | $6.29B | +0.4% | $1.37B | +166.1% | 21.8% |
Q2 2024 2024-06-30 | $6.25B | -0.4% | $1.15B | +119.5% | 18.3% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Surgical & Medical Instruments & Apparatus · SIC 3841
Your notes
Keep private notes on MMM — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$668.0M
Net activity
−$668.0M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns MMM
Institutional value
$15.88B
Total shares held
110.8M
Distinct holders
769
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 34.2M | $4.97B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 9.5M | $1.37B | — | New |
| 3 | Invesco Ltd. | 4.2M | $611.4M | — | New |
| 4 | UBS Group AG | 4.1M | $588.6M | — | New |
| 5 | Legal & General Group Plc | 3.3M | $477.9M | — | New |
| 6 | Bank of New York Mellon Corp | 3.1M | $454.3M | — | New |
| 7 | VANGUARD FIDUCIARY TRUST CO | 3.0M | $432.4M | — | New |
| 8 | DIMENSIONAL FUND ADVISORS LP | 2.9M | $422.6M | — | New |
| 9 | DEUTSCHE BANK AG\ | 2.6M | $373.9M | — | New |
| 10 | WELLS FARGO & COMPANY/MN | 2.2M | $317.5M | — | New |
| 11 | Nuveen, LLC | 1.9M | $275.1M | — | New |
| 12 | Swiss National Bank | 1.6M | $226.4M | — | New |
| 13 | HSBC HOLDINGS PLC | 1.5M | $217.5M | — | New |
| 14 | Sumitomo Mitsui Trust Group, Inc. | 1.4M | $207.7M | — | New |
| 15 | National Pension Service | 1.4M | $196.6M | — | New |
| 16 | Mitsubishi UFJ Asset Management Co., Ltd. | 1.3M | $190.1M | — | New |
| 17 | Boston Partners | 1.3M | $184.6M | — | New |
| 18 | Allianz Asset Management GmbH | 1.3M | $183.9M | — | New |
| 19 | Vanguard Global Advisers, LLC | 1.2M | $167.1M | — | New |
| 20 | RHUMBLINE ADVISERS | 1.0M | $151.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Other expense swung from $139M income to $519M expense YoY—what specific items drove this, and is it recurring?
- 2
US sales fell to $2.50B while you bought back $2.0B of stock with cash down to $3.7B—is the buyback pace sustainable?
- 3
Walk us through the Madison/Bain JV economics: why contribute SCBA at 50.1% control, and what leverage is the venture taking on?
Refreshed when MMM files a new report · last from 2026-02-03