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3M MMM Gross margin

Gross margin at other companies

Illinois Tool Works logo
Illinois Tool WorksITW
44.1%+0.4pp
PPG Industries logo
PPG IndustriesPPG
41.4%0.0pp
Honeywell International logo
Honeywell InternationalHON
30.8%-1.3pp
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
35%+1.4pp
Amcor logo
AmcorAMCR
19.1%-0.9pp
STERIS logo
STERISSTE
44.2%+0.2pp

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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Operating margin19.1%-1.0pp
Net margin11.1%-6.7pp

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

Calculated from 3M’s reported figures.

Based on trailing twelve months.

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 gross margin?
3M (MMM) reported gross margin of 39.7% in Q1 2026.
How has 3M's gross margin changed year-over-year?
3M's gross margin decreased by 3.4% year-over-year, from 41.1% to 39.7%.
What is the long-term trend for 3M's gross margin?
Over 2 years (2021 to 2025), 3M's gross margin has grown at a -7.7% compound annual growth rate (CAGR), from 191.2% to 163%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.