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3M MMM Safety and Industrial — CapEx

Other segment segments

Transportation and Electronics
$77M-26.0%
Consumer
$20M+25.0%

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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 us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

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
Depreciation and amortization (millions)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Corporate552110945
Total$335$290$661$580
Capital expenditures (millions)
Safety and Industrial$112$77$197$155
Transportation and Electronics77104135182
Consumer20163127
Corporate14118580
Total$223$208$448$444

Item 1. Financial Statements

FAQ

What is 3M's safety and industrial — capex?
3M (MMM) reported safety and industrial — capex of $112M in Q2 2026.
How has 3M's safety and industrial — capex changed year-over-year?
3M's safety and industrial — capex increased by 45.5% year-over-year, from $77M to $112M.
What is the long-term trend for 3M's safety and industrial — capex?
Over 4 years (2021 to 2025), 3M's safety and industrial — capex has grown at a 0.6% compound annual growth rate (CAGR), from $339M to $347M.
What does safety and industrial — capex mean?
This metric tracks the cash spent by the Safety and Industrial segment to acquire, upgrade, or maintain physical assets like machinery, factories, and equipment. It is a leading indicator of the segment's future capacity and modernization efforts. High capital expenditure often signals a commitment to scaling production or improving manufacturing technology.

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