3M (MMM)
Market Price (9/13/2025): $158.05 | Market Cap: $84.9 BilSector: Industrials | Industry: Industrial Conglomerates
3M (MMM)
Market Price (9/13/2025): $158.05Market Cap: $84.9 BilSector: IndustrialsIndustry: Industrial Conglomerates
Investment Highlights
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6% | Trading close to highsDist 52W High is -1.0%, Dist 3Y High is -1.0% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11% |
Low stock price volatilityVol 12M is 29% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.1% |
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6% |
Low stock price volatilityVol 12M is 29% |
Trading close to highsDist 52W High is -1.0%, Dist 3Y High is -1.0% |
Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11% |
Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.1%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -8.1% |
Market Valuation
9/13/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $158.05 | $127.24 | $87.17 | $90.17 | $128.13 |
Market Cap CYE ($ Bil) | 84.9 | 69.2 | 48.3 | 49.5 | 73.7 |
Total Debt ($ Bil) | 13.7 | 13.7 | 16.8 | 16.9 | 18.3 |
Total Cash ($ Bil) | 4.2 | 7.7 | 5.8 | 3.9 | 4.8 |
Enterprise Value ($ Bil) | 94.4 | 82.9 | 65.1 | 66.4 | 92.0 |
Valuation Ratios | |||||
P/S TTM | 3.5 | 2.9 | 2.1 | 1.6 | 2.4 |
P/EBIT TTM | 14.6 | 11.8 | -4.9 | 8.0 | 11.2 |
P/E TTM | 21.6 | 17.0 | -7.2 | 9.5 | 14.5 |
Sector Ratios | |||||
P/S TTM (Sector) | 1.6 | 1.4 | 1.4 | 1.1 | 1.6 |
P/EBIT TTM (Sector) | 11.5 | 10.2 | 10.0 | 8.3 | 12.1 |
P/E TTM (Sector) | 16.8 | 13.7 | 14.0 | 11.2 | 15.6 |
9/13/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $158.05 | $127.24 | $87.17 |
Market Cap CYE ($ Bil) | 84.9 | 69.2 | 48.3 |
Total Debt ($ Bil) | 13.7 | 13.7 | 16.8 |
Total Cash ($ Bil) | 4.2 | 7.7 | 5.8 |
Enterprise Value ($ Bil) | 94.4 | 82.9 | 65.1 |
Valuation Ratios | |||
P/S TTM | 3.5 | 2.9 | 2.1 |
P/EBIT TTM | 14.6 | 11.8 | -4.9 |
P/E TTM | 21.6 | 17.0 | -7.2 |
Sector Ratios | |||
P/S TTM (Sector) | 1.6 | 1.4 | 1.4 |
P/EBIT TTM (Sector) | 11.5 | 10.2 | 10.0 |
P/E TTM (Sector) | 16.8 | 13.7 | 14.0 |
Business Description
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.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
MMM Return | 3% | 5% | -30% | -3% | 46% | 25% | 31% |
Peers Return | 14% | 10% | -5% | 22% | 33% | 29% | 150% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 101% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: GE, HON, EMR, GLW, DD. See MMM Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for 3M
Financials
Median | |
---|---|
Name | |
Mkt Price | 146.49 |
Mkt Cap | 80.4 |
Rev LTM | 21,190 |
Op Inc LTM | 4,064 |
FCF LTM | 1,968 |
FCF 3Y Avg | 2,144 |
CFO LTM | 2,676 |
CFO 3Y Avg | 3,032 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 6.0% |
Rev Chg 3Y Avg | 1.5% |
Rev Chg Q | 6.0% |
QoQ Delta Rev Chg LTM | 1.5% |
Op Mgn LTM | 18.9% |
Op Mgn 3Y Avg | 16.3% |
QoQ Delta Op Mgn LTM | 0.3% |
CFO/Rev LTM | 15.6% |
CFO/Rev 3Y Avg | 15.5% |
FCF/Rev LTM | 10.6% |
FCF/Rev 3Y Avg | 10.1% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 80.4 |
P/S | 3.9 |
P/EBIT | 27.3 |
P/E | 26.1 |
P/CFO | 22.9 |
Total Yield | 3.3% |
Dividend Yield | 1.2% |
FCF Yield 3Y Avg | 3.4% |
D/E | 0.2 |
Net D/E | 0.1 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 2.6% |
3M Rtn | 13.8% |
6M Rtn | 13.8% |
12M Rtn | 28.7% |
3Y Rtn | 75.7% |
1M Excs Rtn | 0.8% |
3M Excs Rtn | 2.6% |
6M Excs Rtn | -2.3% |
12M Excs Rtn | 11.4% |
3Y Excs Rtn | 10.4% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Safety and Industrial | 10,956 | 11,604 | 11,981 | 11,734 | 11,514 |
Transportation and Electronics | 8,501 | 8,902 | 9,262 | 8,833 | 9,591 |
Consumer | 5,026 | 5,292 | 5,509 | 5,311 | 5,151 |
Corporate and Other | 90 | 82 | 2 | -2 | 110 |
Other | 37 | 281 | |||
Health Care | 8,601 | 8,345 | 7,431 | ||
Elimination of Dual Credit | -2,037 | -1,661 | |||
Total | 24,610 | 26,161 | 35,355 | 32,184 | 32,136 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Safety and Industrial | 2,324 | 1,135 | 2,460 | 2,784 | 2,510 |
Transportation and Electronics | 1,312 | 973 | 1,869 | 1,814 | 2,221 |
Consumer | 904 | 978 | 1,164 | 1,203 | 1,124 |
Other | 55 | 70 | |||
Corporate and Other | -15,284 | 1,213 | -158 | 91 | -1,130 |
Health Care | 2,034 | 1,790 | 1,858 | ||
Elimination of Dual Credit | -521 | -409 | |||
Total | -10,689 | 4,369 | 7,369 | 7,161 | 6,174 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Corporate and Unallocated and Other | 16,195 | ||||
Non-current assets of discontinued operations | 11,343 | ||||
Safety and Industrial | 11,212 | 11,711 | 11,682 | ||
Transportation and Electronics | 6,826 | 6,997 | 6,871 | ||
Consumer | 2,625 | 2,567 | 2,428 | ||
Current assets of discontinued operations | 2,379 | ||||
Corporate and Other | 11,538 | 8,888 | |||
Health Care | 14,531 | 14,790 | |||
Total | 50,580 | 47,344 | 44,659 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
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% |
1/23/2024 | -11.0% | -10.8% | -13.7% |
10/24/2023 | 5.3% | 4.6% | 11.5% |
... | |||
SUMMARY STATS | |||
# Positive | 11 | 10 | 12 |
# Negative | 14 | 15 | 13 |
Median Positive | 4.7% | 6.6% | 6.9% |
Median Negative | -3.0% | -3.4% | -4.2% |
Max Positive | 23.0% | 22.3% | 26.3% |
Max Negative | -11.0% | -10.8% | -15.6% |
SEC Filings
Expand for MoreReport Date | Filing |
---|---|
6302025 | 10-Q 6/30/2025 |
3312025 | 10-Q 3/31/2025 |
12312024 | 10-K 12/31/2024 |
9302024 | 10-Q 9/30/2024 |
6302024 | 10-Q 6/30/2024 |
3312024 | 10-Q 3/31/2024 |
12312023 | 10-K 12/31/2023 |
9302023 | 10-Q 9/30/2023 |
6302023 | 10-Q 6/30/2023 |
3312023 | 10-Q 3/31/2023 |
12312022 | 10-K 12/31/2022 |
9302022 | 10-Q 9/30/2022 |
6302022 | 10-Q 6/30/2022 |
3312022 | 10-Q 3/31/2022 |
12312021 | 10-K 12/31/2021 |
9302021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Reinseth Theresa E | Sr Vice President & CAO | 8062025 | Sell | 150.63 | 3,477 | 523,741 | 385,701 | Form |
1 | Dickson Zoe L | EVP & Chief HR Officer | 5192025 | Sell | 148.93 | 2,074 | 308,881 | 1,187,900 | Form |
2 | Clarke Victoria | EVP & Chief Public Affairs Off | 2032025 | Sell | 154.21 | 700 | 107,947 | 191,841 | Form |
3 | Goralski Christian T JR | Group President | 1272025 | Sell | 149.43 | 6,318 | 944,070 | 750,701 | Form |
4 | Reinseth Theresa E | Sr Vice President & CAO | 11212024 | Sell | 127.71 | 1,033 | 131,925 | 560,399 | Form |
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