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3M MMM Safety and Industrial — Selling, general and administrative expenses

Other segment segments

Transportation and Electronics
$259M+5.7%
Consumer
$212M-4.9%

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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:SellingGeneralAndAdministrativeExpense.

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
Significant segment expenses and operating performance (millions)
Safety and Industrial
Cost of sales$1,642$1,537$3,213$3,007
Selling, general and administrative expenses459455911906
Research, development and related expenses131127262252
Safety and Industrial operating income8597381,6351,437
Transportation and Electronics
Cost of sales1,1761,1102,2712,176

Item 1. Financial Statements

FAQ

What is 3M's safety and industrial — selling, general and administrative expenses?
3M (MMM) reported safety and industrial — selling, general and administrative expenses of $459M in Q2 2026.
How has 3M's safety and industrial — selling, general and administrative expenses changed year-over-year?
3M's safety and industrial — selling, general and administrative expenses increased by 0.9% year-over-year, from $455M to $459M.
What is the long-term trend for 3M's safety and industrial — selling, general and administrative expenses?
Over 3 years (2022 to 2025), 3M's safety and industrial — selling, general and administrative expenses has grown at a -19.1% compound annual growth rate (CAGR), from $3.47B to $1.84B.
What does safety and industrial — selling, general and administrative expenses mean?
This metric encompasses the operating expenses for the Safety and Industrial segment that are not directly tied to production, such as sales commissions, marketing, administrative salaries, and legal costs. It reflects the overhead required to support the segment's commercial operations. Controlling these costs is essential for maintaining segment-level operating margins.

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