3M (MMM) reported capex of $225M in Q1 2026.

How has 3M's capex changed year-over-year?

3M's capex decreased by 4.7% year-over-year, from $236M to $225M.

What is the long-term trend for 3M's capex?

Over 4 years (2021 to 2025), 3M's capex has grown at a -13.2% compound annual growth rate (CAGR), from $1.6B to $910M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

3M MMM CapEx

CapEx at other companies

Avery DennisonAVY

$28.3M-21.4%

H.B. FullerFUL

$46.68M+48.0%

Illinois Tool WorksITW

$95M-1.0%

MSA

Mine Safety Appliances CompanyMSA

$10.59M-1.8%

PPG IndustriesPPG

$196M-6.2%

Rogers CorporationROG

$4.7M-51.0%

Other financials

Income statement

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Revenue$6.0B+1.3%

Gross profit$2.5B-0.8%

Operating income$1.4B+12.1%

Net income$653.0M-41.5%

EPS (diluted)$1.23-39.7%

Balance sheet

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Cash & equivalents$3.7B-41.1%

Total debt$11.5B-11.0%

Total equity$3.3B-26.9%

Total assets$35.4B-11.3%

Cash flow

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Operating cash flow$574.0M+827%

Free cash flow$349.0M+211%

Valuation

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Market cap$87.61B+13.0%

Enterprise value$95.36B+13.4%

P/E31.4×+13.7×

P/S3.5×+0.3×

Profitability

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Gross margin39.7%-1.4pp

Operating margin19.1%-1.0pp

Net margin11.1%-6.7pp

FCF margin8.2%+8.0pp

Returns & leverage

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Return on equity72.1%-21.3pp

Debt / equity3.5×+0.6×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by 3M in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: 3M’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is 3M's capex?: 3M (MMM) reported capex of $225M in Q1 2026.
How has 3M's capex changed year-over-year?: 3M's capex decreased by 4.7% year-over-year, from $236M to $225M.
What is the long-term trend for 3M's capex?: Over 4 years (2021 to 2025), 3M's capex has grown at a -13.2% compound annual growth rate (CAGR), from $1.6B to $910M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.