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3M MMM Consumer — Research, development and related expenses

Other segment segments

Safety and Industrial
$131M+3.1%
Transportation and Electronics
$128M+16.4%

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Other financials

Income statement

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Revenue$6.5B+2.5%
Gross profit$2.7B-0.6%
Operating income$984.0M-13.7%
Net income$933.0M+29.0%
EPS (diluted)$1.78+32.8%

Balance sheet

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Cash & equivalents$3.0B-20.4%
Total debt$13.2B+0.8%
Total equity$3.0B-31.2%
Total assets$34.9B-8.1%

Cash flow

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Operating cash flow$986.0M+203%
CapEx$223.0M+7.2%
Free cash flow$763.0M+166%

Valuation

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Market cap$93.9B+16.9%
Enterprise value$104.11B+16.1%
P/E31.3×+10.9×
P/S3.7×+0.5×

Profitability

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Gross margin39.4%-1.6pp
Operating margin18.4%-1.1pp
Net margin11.9%-4.1pp
FCF margin15.8%+11.8pp

Returns & leverage

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Return on equity82.8%-13.2pp
Debt / equity4.5×+1.4×
Current ratio1.2×-0.5×

Where this comes from

Reported directly by 3M in its filing.

Tagged under the XBRL concept mmm:ResearchDevelopmentAndRelatedExpenses.

The source filing: 3M’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 12:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000066740-26-000246
Net sales (millions)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Consumer
Cost of sales7507481,4371,417
Selling, general and administrative expenses212223408427
Research, development and related expenses33316463
Consumer operating income252268469487
Total reportable business segment operating income1,6141,4853,0062,793
Corporate
Corporate-level (expense) income1223572

Item 1. Financial Statements

FAQ

What is 3M's consumer — research, development and related expenses?
3M (MMM) reported consumer — research, development and related expenses of $33M in Q2 2026.
How has 3M's consumer — research, development and related expenses changed year-over-year?
3M's consumer — research, development and related expenses increased by 6.5% year-over-year, from $31M to $33M.
What is the long-term trend for 3M's consumer — research, development and related expenses?
Over 3 years (2022 to 2025), 3M's consumer — research, development and related expenses has grown at a 2.5% compound annual growth rate (CAGR), from $119M to $128M.
What does consumer — research, development and related expenses mean?
Reflects the investment in innovation, product design, and technology development specifically for the consumer segment. This metric highlights the company's commitment to maintaining a competitive edge through new product introductions. It is a key indicator of future growth potential and long-term strategy.

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