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3M MMM Debt-to-equity

Debt-to-equity at other companies

PPG Industries logo
PPG IndustriesPPG
0.9×0.0×
Honeywell International logo
Honeywell InternationalHON
2.8×+0.8×
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
0.2×-0.1×
Amcor logo
AmcorAMCR
1.4×-1.0×
STERIS logo
STERISSTE
0.3×-0.1×
Emerson Electric logo
Emerson ElectricEMR
0.4×-0.1×

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%
CapEx$225.0M-4.7%
Free cash flow$349.0M+211%

Valuation

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Market cap$83.05B-4.2%
Enterprise value$90.8B-2.5%
P/E29.8×+9.9×
P/S3.3×-0.2×

Profitability

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Gross margin39.7%-1.4pp
Operating margin19.1%-1.0pp
Net margin11.1%-6.7pp

Returns & leverage

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Return on equity72.1%-21.3pp
Current ratio1.6×-0.1×

Where this comes from

Calculated from 3M’s reported figures.

Based on the most recent quarter.

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 debt-to-equity?
3M (MMM) reported debt-to-equity of 3.5× in Q1 2026.
How has 3M's debt-to-equity changed year-over-year?
3M's debt-to-equity increased by 21.7% year-over-year, from 2.9× to 3.5×.
What is the long-term trend for 3M's debt-to-equity?
Over 4 years (2021 to 2025), 3M's debt-to-equity has grown at a 23.7% compound annual growth rate (CAGR), from 4.9× to 11.4×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.