3M (MMM)
Market Price (3/15/2026): $150.98 | Market Cap: $80.7 BilSector: Industrials | Industry: Industrial Conglomerates
3M (MMM)
Market Price (3/15/2026): $150.98Market Cap: $80.7 BilSector: IndustrialsIndustry: Industrial Conglomerates
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO LTM is 2.3 Bil | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 35x |
| Low stock price volatilityVol 12M is 31% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.5% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Water Infrastructure, and Automation & Robotics. Themes include Lightweight Composites, Show more. |
| Attractive cash flow generationCFO LTM is 2.3 Bil |
| Low stock price volatilityVol 12M is 31% |
| Megatrend and thematic driversMegatrends include Advanced Materials, Water Infrastructure, and Automation & Robotics. Themes include Lightweight Composites, Show more. |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 35x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.5% |
Qualitative Assessment
AI Analysis | Feedback
3M (MMM) stock has lost about 10% since 11/30/2025 because of the following key factors:
1. Ongoing Financial Burden from Major Litigation Settlements.
3M continues to face significant financial commitments from its large-scale litigation settlements. The company's $10.5 billion to $12.5 billion PFAS contamination settlement with public water systems, approved in April 2024, began payments in Q3 2024 and is scheduled through 2036. Additionally, the $6 billion Combat Arms earplug lawsuit settlement from August 2023 involves payments expected to extend through 2029, with over $3.1 billion distributed by late January 2026. These substantial, long-term payouts represent a persistent financial overhang and a source of ongoing uncertainty for investors.
2. Mixed Q4 2025 Earnings and Revenue Miss.
While 3M reported Q4 2025 adjusted earnings per share (EPS) of $1.83, surpassing the consensus estimate of $1.82, its GAAP EPS declined by 20% year-over-year to $1.07. Furthermore, the company's adjusted revenues of $6.0 billion for the quarter fell short of the consensus estimate of $6.08 billion. The Consumer segment also experienced a decline of -2.2% in performance. This mixed financial performance, particularly the revenue miss and significant GAAP EPS decline, contributed to investor apprehension.
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1. Ongoing Financial Burden from Major Litigation Settlements.
3M continues to face significant financial commitments from its large-scale litigation settlements. The company's $10.5 billion to $12.5 billion PFAS contamination settlement with public water systems, approved in April 2024, began payments in Q3 2024 and is scheduled through 2036. Additionally, the $6 billion Combat Arms earplug lawsuit settlement from August 2023 involves payments expected to extend through 2029, with over $3.1 billion distributed by late January 2026. These substantial, long-term payouts represent a persistent financial overhang and a source of ongoing uncertainty for investors.
2. Mixed Q4 2025 Earnings and Revenue Miss.
While 3M reported Q4 2025 adjusted earnings per share (EPS) of $1.83, surpassing the consensus estimate of $1.82, its GAAP EPS declined by 20% year-over-year to $1.07. Furthermore, the company's adjusted revenues of $6.0 billion for the quarter fell short of the consensus estimate of $6.08 billion. The Consumer segment also experienced a decline of -2.2% in performance. This mixed financial performance, particularly the revenue miss and significant GAAP EPS decline, contributed to investor apprehension.
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Stock Movement Drivers
Fundamental Drivers
The -11.9% change in MMM stock from 11/30/2025 to 3/13/2026 was primarily driven by a -7.7% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 171.28 | 150.96 | -11.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24,825 | 24,948 | 0.5% |
| Net Income Margin (%) | 13.7% | 13.0% | -4.9% |
| P/E Multiple | 26.9 | 24.8 | -7.7% |
| Shares Outstanding (Mil) | 534 | 534 | -0.1% |
| Cumulative Contribution | -11.9% |
Market Drivers
11/30/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| MMM | -11.9% | |
| Market (SPY) | -3.1% | 35.0% |
| Sector (XLI) | 7.1% | 46.6% |
Fundamental Drivers
The -2.1% change in MMM stock from 8/31/2025 to 3/13/2026 was primarily driven by a -18.6% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 154.17 | 150.96 | -2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24,602 | 24,948 | 1.4% |
| Net Income Margin (%) | 16.0% | 13.0% | -18.6% |
| P/E Multiple | 21.0 | 24.8 | 18.0% |
| Shares Outstanding (Mil) | 537 | 534 | 0.6% |
| Cumulative Contribution | -2.1% |
Market Drivers
8/31/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| MMM | -2.1% | |
| Market (SPY) | 3.0% | 35.6% |
| Sector (XLI) | 8.8% | 50.0% |
Fundamental Drivers
The -0.9% change in MMM stock from 2/28/2025 to 3/13/2026 was primarily driven by a -23.3% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 152.31 | 150.96 | -0.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24,575 | 24,948 | 1.5% |
| Net Income Margin (%) | 17.0% | 13.0% | -23.3% |
| P/E Multiple | 19.9 | 24.8 | 25.0% |
| Shares Outstanding (Mil) | 544 | 534 | 1.8% |
| Cumulative Contribution | -0.9% |
Market Drivers
2/28/2025 to 3/13/2026| Return | Correlation | |
|---|---|---|
| MMM | -0.9% | |
| Market (SPY) | 12.4% | 64.9% |
| Sector (XLI) | 22.0% | 70.9% |
Fundamental Drivers
The 85.5% change in MMM stock from 2/28/2023 to 3/13/2026 was primarily driven by a 219.3% change in the company's P/E Multiple.| (LTM values as of) | 2282023 | 3132026 | Change |
|---|---|---|---|
| Stock Price ($) | 81.37 | 150.96 | 85.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 34,229 | 24,948 | -27.1% |
| Net Income Margin (%) | 16.9% | 13.0% | -22.8% |
| P/E Multiple | 7.8 | 24.8 | 219.3% |
| Shares Outstanding (Mil) | 552 | 534 | 3.3% |
| Cumulative Contribution | 85.5% |
Market Drivers
2/28/2023 to 3/13/2026| Return | Correlation | |
|---|---|---|
| MMM | 85.5% | |
| Market (SPY) | 73.4% | 48.3% |
| Sector (XLI) | 70.2% | 57.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MMM Return | 5% | -30% | -3% | 46% | 26% | -3% | 28% |
| Peers Return | 17% | -9% | 10% | 13% | 23% | 19% | 94% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 80% |
Monthly Win Rates [3] | |||||||
| MMM Win Rate | 58% | 42% | 42% | 67% | 58% | 33% | |
| Peers Win Rate | 60% | 38% | 42% | 55% | 57% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| MMM Max Drawdown | -5% | -38% | -25% | -15% | -2% | -5% | |
| Peers Max Drawdown | -5% | -27% | -10% | -10% | -18% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -2% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HON, ITW, DD, GLW, AVY. See MMM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)
How Low Can It Go
| Event | MMM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -58.5% | -25.4% |
| % Gain to Breakeven | 140.7% | 34.1% |
| Time to Breakeven | 772 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -35.0% | -33.9% |
| % Gain to Breakeven | 53.9% | 51.3% |
| Time to Breakeven | 310 days | 148 days |
| 2018 Correction | ||
| % Loss | -41.7% | -19.8% |
| % Gain to Breakeven | 71.6% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -56.4% | -56.8% |
| % Gain to Breakeven | 129.1% | 131.3% |
| Time to Breakeven | 781 days | 1,480 days |
Compare to HON, ITW, DD, GLW, AVY
In The Past
3M's stock fell -58.5% during the 2022 Inflation Shock from a high on 6/4/2021. A -58.5% loss requires a 140.7% gain to breakeven.
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About 3M (MMM)
3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for 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 tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.
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Here are 1-3 brief analogies to describe 3M (MMM):
1. It's like a blend of **Honeywell's** vast industrial technology and materials science reach, combined with the everyday household and office product presence of a company like **Procter & Gamble**.
2. Imagine the diversified industrial innovation and materials science expertise of **DuPont**, also producing the wide array of consumer and office products you'd find from a company like **Newell Brands**.
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3M (MMM) offers a diverse range of products and services across multiple segments:
-
Safety and Industrial
- Industrial Abrasives: Products used for grinding, finishing, and polishing in industrial applications.
- Autobody Repair Solutions: Materials and systems designed for vehicle body repair and finishing.
- Electrical Products: Materials and components for construction, maintenance, and power distribution.
- Structural Adhesives & Tapes: High-strength bonding solutions for various industrial and manufacturing uses.
- Personal Protective Equipment (PPE): Solutions including respirators, hearing protection, eye protection, and fall protection.
- Roofing Granules: Mineral granules used for manufacturing asphalt shingles.
-
Transportation and Electronics
- Ceramic Solutions: Advanced ceramic materials used in various industrial and electronic applications.
- Automotive Tapes & Films: Adhesives and films for sound, temperature management, and attachment within vehicles.
- Graphic Films: Premium large format films for advertising, fleet signage, and vehicle graphics.
- Electronic Assembly Solutions: Films and solutions for light management and electronics manufacturing processes.
- Reflective Signage: Materials that provide high visibility for highway and vehicle safety signs.
-
Health Care
- Food Safety Indicators: Solutions designed to monitor and ensure the safety of food products.
- Healthcare Software: Software for medical procedure coding and reimbursement in healthcare settings.
- Wound & Infection Care: Products and solutions for skin care, wound treatment, and infection prevention.
- Dental & Orthodontic Solutions: Materials and systems used in dentistry and orthodontics.
- Filtration Systems: Advanced purification systems for various healthcare and industrial applications.
-
Consumer
- Health & Wellness Products: Consumer bandages, braces, supports, and respirators for personal use.
- Cleaning Products: Solutions for household cleaning and maintenance.
- DIY & Car Care Products: Retail abrasives, paint accessories, and car care items for home improvement.
- Picture Hanging Solutions: Adhesive-based products for hanging pictures and décor without damaging surfaces.
- Stationery Products: Office and school supplies, including sticky notes and various tapes.
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3M (symbol: MMM) primarily sells its products and solutions to other companies (B2B) across its diverse segments. While the Consumer segment targets individual end-users, the direct customers for these products are typically retailers, wholesalers, and distributors. Therefore, 3M's major customers are other businesses.
Based on the company description and its wide range of product offerings, examples of major customers, categorized by the industries they represent, include:
- Retailers and Distributors: These companies purchase 3M's consumer products (e.g., stationery, home care, DIY, and personal safety products) for resale to individual consumers, and also distribute industrial or healthcare products.
- Walmart Inc. (WMT)
- Amazon.com, Inc. (AMZN)
- The Home Depot, Inc. (HD)
- Automotive and Transportation Manufacturers: Companies that integrate 3M's attachment tapes, films, sound/temperature management solutions, and reflective materials into vehicles and infrastructure.
- General Motors (GM)
- Ford Motor Company (F)
- Electronics Manufacturers: Companies utilizing 3M's light management films, electronics assembly solutions, packaging, and interconnection solutions for their devices.
- Apple Inc. (AAPL)
- Intel Corporation (INTC)
- Healthcare Providers and Medical Device Companies: Hospitals, clinics, dental practices, and manufacturers of medical devices that use 3M's wound care, infection prevention products, dentistry solutions, and healthcare software.
- HCA Healthcare (HCA)
- Abbott Laboratories (ABT)
- Industrial and Manufacturing Companies: A broad spectrum of businesses across various industries that purchase 3M's industrial abrasives, adhesives, safety equipment, electrical products, and structural solutions for their operations.
- Caterpillar Inc. (CAT)
- General Electric Company (GE)
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- The widespread adoption of digital collaboration tools, advanced note-taking applications, and virtual whiteboards (e.g., Miro, Mural) presents an emerging threat to 3M's Consumer segment, specifically its stationery products like Post-it Notes and Scotch Tape. These digital alternatives increasingly replace the traditional use cases for physical stationery in professional and educational environments.
- The growing prevalence of advanced digital signage, LED displays, and dynamic electronic billboards poses an emerging threat to 3M's Transportation and Electronics segment, particularly its premium large format graphic films for advertising and fleet signage. As advertisers and businesses increasingly opt for versatile and updateable digital displays, the demand for static physical graphic films is being challenged.
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Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Seaboard vs 3M: Which Is the Stronger Buy Today? | 02/10/2026 | |
| 3M Earnings Notes | 12/24/2025 | |
| Now Is Not The Time To Buy 3M Stock | 10/24/2025 | |
| Day 5 of Gains Streak for 3M Stock with 13% Return (vs. 35% YTD) [10/23/2025] | 10/24/2025 | |
| Can 3M Stock Recover If Markets Fall? | 10/17/2025 | |
| 3M vs Union Pacific: Which Is A Better Investment? | 08/18/2025 | |
| 3M vs Carlisle Companies: Which Is A Better Investment? | 08/18/2025 | |
| Day 8 of Gains Streak for 3M Stock with 11% Return (vs. 25% YTD) [8/13/2025] | 08/14/2025 | |
| How Does 3M Stock Stack Up Against Its Peers? | 08/13/2025 | |
| ARTICLES | ||
| Large Cap Stocks Trading At 52-Week High | 02/10/2026 | |
| Is Seaboard a Better Buy Than 3M? | 02/10/2026 | |
| 3M Stock To $120? | 10/24/2025 | |
| 3M Stock Surges 13%, With A 5-Day Winning Spree | 10/24/2025 | |
| S&P 500 Stocks Trading At 52-Week High | 10/23/2025 |
Trade Ideas
Select ideas related to MMM.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02272026 | EFX | Equifax | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 02202026 | LZ | LegalZoom.com | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 7.2% | 7.2% | -5.0% |
| 02132026 | ADP | Automatic Data Processing | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 1.1% | 1.1% | -3.0% |
| 02132026 | TREX | Trex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -3.2% | -3.2% | -5.9% |
| 02132026 | PCTY | Paylocity | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -0.6% | -0.6% | -4.8% |
| 10312023 | MMM | 3M | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 30.9% | 75.2% | -0.4% |
| 06302022 | MMM | 3M | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.8% | -18.7% | -24.2% |
| 01312020 | MMM | 3M | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -3.4% | 14.8% | -25.0% |
| 05312019 | MMM | 3M | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.2% | 1.6% | -24.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 160.87 |
| Mkt Cap | 79.0 |
| Rev LTM | 15,836 |
| Op Inc LTM | 3,248 |
| FCF LTM | 1,404 |
| FCF 3Y Avg | 1,684 |
| CFO LTM | 2,500 |
| CFO 3Y Avg | 2,764 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.5% |
| Rev Chg 3Y Avg | -0.2% |
| Rev Chg Q | 4.0% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Mgn LTM | 16.1% |
| Op Mgn 3Y Avg | 12.1% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 15.0% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 8.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 79.0 |
| P/S | 3.6 |
| P/EBIT | 16.9 |
| P/E | 25.0 |
| P/CFO | 28.9 |
| Total Yield | 5.1% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -10.7% |
| 3M Rtn | 7.1% |
| 6M Rtn | 11.5% |
| 12M Rtn | 16.1% |
| 3Y Rtn | 53.5% |
| 1M Excs Rtn | -8.3% |
| 3M Excs Rtn | 9.6% |
| 6M Excs Rtn | 6.7% |
| 12M Excs Rtn | -5.0% |
| 3Y Excs Rtn | -19.3% |
Comparison Analyses
FDA Approved Drugs Data
Expand for More| Post-Approval Fwd Returns | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| FDA App # | Brand Name | Generic Name | Dosage Form | FDA Approval | 3M Rtn | 6M Rtn | 1Y Rtn | 2Y Rtn | Total Rtn |
| NDA021586 | DURAPREP | iodine povacrylex | sponge | 9292006 | 5.3% | 3.9% | 28.7% | -2.0% | 330.2% |
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Non-current assets | 23,984 | ||||
| All other current assets | 12,387 | ||||
| Safety and Industrial | 1,509 | 11,212 | 11,774 | 11,744 | 11,711 |
| Transportation and Electronics | 1,269 | 6,826 | 6,485 | 6,999 | 6,997 |
| Consumer | 719 | 2,625 | 2,774 | 2,783 | 2,567 |
| Corporate and Unallocated and Other | 16,195 | ||||
| Current assets of discontinued operations | 2,379 | ||||
| Non-current assets of discontinued operations | 11,343 | ||||
| Corporate and Other | 12,058 | 11,491 | 11,538 | ||
| Health Care | 13,364 | 14,055 | 14,531 | ||
| Total | 39,868 | 50,580 | 46,455 | 47,072 | 47,344 |
Price Behavior
Price Behavior
| Market Price | $150.96 | |
| Market Cap ($ Bil) | 80.7 | |
| First Trading Date | 01/02/1970 | |
| Distance from 52W High | -13.2% | |
| 50 Days | 200 Days | |
| DMA Price | $162.15 | $157.16 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -6.9% | -3.9% |
| 3M | 1YR | |
| Volatility | 30.1% | 31.0% |
| Downside Capture | 71.77 | 94.98 |
| Upside Capture | 15.36 | 81.49 |
| Correlation (SPY) | 36.3% | 66.4% |
MMM Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.13 | 0.88 | 0.79 | 0.77 | 1.05 | 0.96 |
| Up Beta | 3.55 | 1.84 | 1.69 | 1.41 | 1.10 | 1.12 |
| Down Beta | -0.41 | 1.37 | 1.06 | 1.00 | 1.20 | 0.99 |
| Up Capture | -28% | 49% | 29% | 51% | 81% | 71% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 12 | 22 | 32 | 64 | 134 | 381 |
| Down Capture | -119% | 27% | 57% | 48% | 94% | 93% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 18 | 28 | 59 | 116 | 367 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MMM | |
|---|---|---|---|---|
| MMM | 2.3% | 31.1% | 0.09 | - |
| Sector ETF (XLI) | 28.0% | 19.2% | 1.16 | 71.6% |
| Equity (SPY) | 19.6% | 18.9% | 0.81 | 66.2% |
| Gold (GLD) | 71.9% | 26.3% | 2.05 | -3.3% |
| Commodities (DBC) | 19.3% | 17.3% | 0.89 | 16.9% |
| Real Estate (VNQ) | 6.2% | 16.3% | 0.19 | 57.4% |
| Bitcoin (BTCUSD) | -15.3% | 44.2% | -0.25 | 32.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MMM | |
|---|---|---|---|---|
| MMM | 3.3% | 28.0% | 0.13 | - |
| Sector ETF (XLI) | 13.4% | 17.1% | 0.62 | 60.3% |
| Equity (SPY) | 13.1% | 17.0% | 0.61 | 51.2% |
| Gold (GLD) | 24.1% | 17.3% | 1.14 | 5.1% |
| Commodities (DBC) | 11.2% | 19.0% | 0.47 | 7.9% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 46.2% |
| Bitcoin (BTCUSD) | 6.3% | 56.7% | 0.33 | 16.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MMM | |
|---|---|---|---|---|
| MMM | 4.6% | 26.3% | 0.20 | - |
| Sector ETF (XLI) | 13.8% | 19.8% | 0.61 | 67.0% |
| Equity (SPY) | 14.5% | 17.9% | 0.70 | 59.0% |
| Gold (GLD) | 14.4% | 15.6% | 0.77 | 1.5% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 17.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 47.5% |
| Bitcoin (BTCUSD) | 67.4% | 66.8% | 1.07 | 12.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/20/2026 | -7.0% | -4.9% | -1.7% |
| 10/21/2025 | 7.7% | 8.8% | 7.6% |
| 7/18/2025 | -3.7% | -6.1% | -4.2% |
| 4/22/2025 | 8.1% | 9.4% | 22.3% |
| 1/21/2025 | 4.2% | 7.4% | 7.0% |
| 10/22/2024 | -2.3% | -3.4% | -4.4% |
| 7/26/2024 | 23.0% | 22.3% | 26.3% |
| 4/30/2024 | 4.7% | 4.8% | 6.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 13 |
| # Negative | 12 | 13 | 11 |
| Median Positive | 4.8% | 6.9% | 7.0% |
| Median Negative | -3.0% | -3.4% | -4.1% |
| Max Positive | 23.0% | 22.3% | 26.3% |
| Max Negative | -11.0% | -10.8% | -15.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-K |
| 09/30/2025 | 10/21/2025 | 10-Q |
| 06/30/2025 | 07/18/2025 | 10-Q |
| 03/31/2025 | 04/22/2025 | 10-Q |
| 12/31/2024 | 02/05/2025 | 10-K |
| 09/30/2024 | 10/22/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/07/2024 | 10-K |
| 09/30/2023 | 10/24/2023 | 10-Q |
| 06/30/2023 | 07/25/2023 | 10-Q |
| 03/31/2023 | 04/25/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
| 03/31/2022 | 04/26/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Dickson, Zoe L | EVP & Chief HR Officer | Direct | Sell | 11142025 | 169.82 | 13,629 | 2,314,538 | 1,046,377 | Form |
| 2 | Dickson, Zoe L | EVP & Chief HR Officer | Direct | Sell | 11142025 | 169.78 | 13,826 | 2,347,371 | 1,046,100 | Form |
| 3 | Murphy, Mark W | EVP & Chief Info Digital Off | Direct | Sell | 10302025 | 166.55 | 19,061 | 3,174,589 | 1,098,255 | Form |
| 4 | Goralski, Christian T Jr | Group President | Direct | Sell | 8082025 | 150.18 | 6,165 | 925,860 | 435,545 | Form |
| 5 | Reinseth, Theresa E | Sr Vice President & CAO | Direct | Sell | 8062025 | 150.63 | 3,477 | 523,741 | 385,701 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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