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3M MMM Safety and Industrial — Inventories

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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:InventoriesAdjusted.

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
Assets (millions)June 30, 2026December 31, 2025
Business segment assets:
Inventories
Safety and Industrial$1,664$1,636
Transportation and Electronics1,0801,068
Consumer788694
Total business segment assets3,5323,398
All other current assets10,58012,989
Total non-current assets20,81221,346

Item 1. Financial Statements

FAQ

What is 3M's safety and industrial — inventories?
3M (MMM) reported safety and industrial — inventories of $1.66B in Q2 2026.
How has 3M's safety and industrial — inventories changed year-over-year?
3M's safety and industrial — inventories decreased by 3.6% year-over-year, from $1.73B to $1.66B.
What does safety and industrial — inventories mean?
This represents the value of raw materials, work-in-progress, and finished goods held by the Safety and Industrial segment. It reflects the balance between supply chain management and market demand. Efficient inventory management is critical to maintaining liquidity and avoiding obsolescence costs.

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