Investing
CapEx
3M CapEx decreased by 9.3% to $225.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.7%, from $236.00M to $225.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows a downward trend with a -13.2% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $394.00M | $343.00M | $556.00M | $424.00M | $384.00M | $435.00M | $506.00M | $475.00M | $377.00M | $405.00M | $358.00M | $375.00M | $269.00M | $246.00M | $291.00M | $236.00M | $208.00M | $218.00M | $248.00M | $225.00M |
| QoQ Change | — | -12.9% | +62.1% | -23.7% | -9.4% | +13.3% | +16.3% | -6.1% | -20.6% | +7.4% | -11.6% | +4.7% | -28.3% | -8.6% | +18.3% | -18.9% | -11.9% | +4.8% | +13.8% | -9.3% |
| YoY Change | — | — | — | — | -2.5% | +26.8% | -9.0% | +12.0% | -1.8% | -6.9% | -29.2% | -21.1% | -28.6% | -39.3% | -18.7% | -37.1% | -22.7% | -11.4% | -14.8% | -4.7% |
Range$208.00M – $556.00M
CAGR-11.1%
Avg YoY Growth-13.1%
Median YoY Growth-13.1%
CapEx at Other Companies
Frequently Asked Questions
- What is 3M's capex?
- 3M (MMM) reported capex of $225.00M in Q1 2026.
- How has 3M's capex changed year-over-year?
- 3M's capex decreased by 4.7% year-over-year, from $236.00M to $225.00M.
- 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 $1.60B to $910.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.