MMM

3MNYSE · Industrial Conglomerates · Industrials

Previous close

174.34

Change

−3.02 / −1.70%

FinDog View

Neutral

52-Week Range ?

139.34 – 184.90

P/E (TTM) ?

25.5

Sector median 26.9

Forward P/E ?

17.7

Based on consensus earnings for the next 12 months

Market Cap

$90.3B

+6.21%

S&P 500 −0.91% over same period

Volume / Avg Volume

3.0M / 4.3M

0.70× average

Latest earnings analysisFY2026 Q3Reported 2026-10-20

3M Q3 2026: adjusted EPS up 12% to $2.50, guidance raised

3M's Q3 2026 adjusted EPS of $2.50 came in above the $2.41 consensus and rose 12% year on year, and management raised full-year adjusted EPS guidance to $9.10–$9.15. GAAP EPS of $2.63 looks even better but carries a $0.60 gain on the Solventum stake. Cash is the weak spot: operating cash flow was $0.5 billion after heavy litigation payments.

Read the full analysis →

Revenue$6.58BYoY +1.00%

EPS (non-GAAP)$2.50Beatest. $2.41

Next-day move+1.97%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 27.61M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q3 Quarter ended 2026-09	2026-10-20	$6.6B	2.50 / 2.41	+1.97%	Read analysis →
FY2026 Q2 Quarter ended 2026-06	2026-07-21	$6.5B	2.40 / 2.27	0.00%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-21	$6.0B	2.14 / 2.00	−1.81%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-01-20	$24.9B	1.83 / 1.82	−0.15%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-21	$6.5B	2.19 / 2.10	+0.35%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-18	$6.3B	2.16 / —	−0.27%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-22	$6.0B	1.88 / —	−0.20%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-01-18

in 78 days · After hours

Consensus EPS

$2.03

Last quarter EPS $2.50

Avg. next-day move over the last 7 reports

±0.7%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 55 of its 5-year rangeMid-range

5-year range 16.6 – 78.5 · Median 24.4

Last 4 quarters: $3.8B in buybacks + $1.6B in dividends, 5.96% of market cap combined

P/E (TTM)

25.5

P/B

21.9

P/S

3.6

Dividend Yield

6.25%

Earnings Reaction

Over the last 7 reports, the stock moved ±0.7% on average on the first trading day after, rising 2 times

Most recent +1.97%

Volatility & Correlation

1-year beta 0.69 · Correlation with S&P 500 0.34Low beta

Annualized volatility 26% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 1 · $0.66MNet selling $0.66M

08-05Chavez Rodriguez Beatriz KarinaGroup PresidentSell$0.66M3,635 shares · Avg price 182.51

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	6.58	+1.0%	42.3%	1.56	1.37	0.23	2.63
FY2026 Q2	6.50	+2.5%	41.3%	0.98	0.93	0.76	1.78
FY2026 Q1	6.03	+1.3%	40.7%	1.40	0.65	0.35	1.23
FY2025 Q4	6.13	+2.0%	33.6%	0.80	0.58	1.34	1.07
FY2025 Q3	6.52	+3.5%	41.8%	1.45	0.83	1.54	1.55
FY2025 Q2	6.34	+1.4%	42.5%	1.14	0.72	-1.16	1.34
FY2025 Q1	5.95	−1.0%	41.6%	1.25	1.12	-0.32	2.04
FY2024 Q4	6.01	+0.1%	37.7%	—	0.73	1.53	1.33
FY2024 Q3	6.29	+0.4%	42.1%	1.32	1.37	-2.03	2.48
FY2024 Q2	6.26	−0.4%	42.9%	1.27	1.15	0.75	2.07
FY2024 Q1	6.02	−0.6%	42.1%	1.15	0.93	0.39	1.67
FY2023 Q4	6.00	+54463.6%	36.8%	—	0.95	1.63	1.70

Peers

Largest by market cap in the sector · Latest quarterView Industrials sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
MMM	3M	$90.3B	25.5	+1.0%	42.3%	+6.21%	Neutral
SPCX	SpaceX	$1.85T	—	+161.4%	62.4%	−10.70%	Bullish	Compare
CAT	Caterpillar Inc.	$288B	26.8	+24.0%	37.8%	−23.19%	Bullish	Compare
GE	GE Aerospace	$313B	35.1	+15.9%	—	−3.36%	Bullish	Compare
RTX	RTX Corporation	$271B	32.0	+11.1%	—	+7.62%	Bullish	Compare
GEV	GE Vernova	$227B	22.8	+26.8%	24.6%	−9.74%	Bullish	Compare
UNP	Union Pacific Corporation	$181B	23.6	+15.3%	—	+11.71%	Bullish	Compare
DE	Deere & Company	$182B	36.7	+4.9%	—	+0.59%	Bullish	Compare
ETN	Eaton Corporation	$144B	38.6	+21.4%	33.5%	−13.90%	Bullish	Compare

The View in One Line

Adjusted operating margin 26.2% and EPS beat by ~4% with raised guidance, but revenue grew only 1.0% (organic 0.2%) and quarterly operating cash flow was just $486M amid litigation and PFAS costs.

Updated 2026-10-30

View History

10-20Bullish → Neutral
Adjusted operating margin 26.2% and EPS beat by ~4% with raised guidance, but revenue grew only 1.0% (organic 0.2%) and quarterly operating cash flow was just $486M amid litigation and PFAS costs.
09-17Neutral → Bullish
Adjusted operating margin 24.9%, EPS beat and raised guidance show restructuring works; litigation and PFAS cash drags remain.

Notable Institutional Holders

Citadel Advisors · Ken Griffin$281MAdded +31%
Renaissance Technologies$13.7M
Bridgewater Associates · Ray Dalio$2.3MAdded +36%
ARK Invest · Cathie Wood$76,098Reduced −5%

As of 2026-06-30

ETFs holding it

Weights estimated at latest prices

Key Events

09-10Capital Actions
3M Issues €1.5 Billion Three-Tranche Notes
On September 10, 2026, 3M completed the issuance of €500 million of notes due 2028, 2031 and 2034 each, for general corporate purposes.Source ↗
08-19Capital Actions
3M Signs New $4.25 Billion Revolving Credit Agreement
On August 17, 2026, 3M entered into a $4.25 billion five-year unsecured revolving credit agreement, replacing its 2023 agreement, with the option to increase to $5.25 billion.Source ↗
06-08Management Change
3M Appoints Cummins CEO Jennifer Rumsey to Board
On June 5, 2026, 3M's board elected Cummins Chairman and CEO Jennifer W. Rumsey as a director and appointed her to the Science, Technology and Sustainability Committee.Source ↗
05-13Governance
3M Annual Shareholder Meeting Completes Director Elections and Auditor Reappointment
3M held its annual shareholder meeting on May 12, 2026, electing all ten directors and approving the reappointment of PwC as independent auditor for 2026.Source ↗
05-06M&A / Contracts
3M Signs $1.43 Billion Credit Agreement to Acquire Madison Safety
On April 30, 2026, 3M subsidiary Fire Safety Platform Holdco entered into a $1.43 billion term loan and a $200 million revolving credit agreement to fund the acquisition of Madison Safety & Flow Holdings.Source ↗

Key Financial Trends

Quarterly Revenue ($B)6.6

Gross Margin42.3%

Free Cash Flow ($B)0.2