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3M MMM Transportation and Electronics — Research, development and related expenses

Other segment segments

Safety and Industrial
$131M+3.1%
Consumer
$33M+6.5%

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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
Transportation and Electronics
Cost of sales1,1761,1102,2712,176
Selling, general and administrative expenses259245492496
Research, development and related expenses128110249219
Transportation and Electronics operating income503479902869
Consumer
Cost of sales7507481,4371,417
Selling, general and administrative expenses212223408427

Item 1. Financial Statements

FAQ

What is 3M's transportation and electronics — research, development and related expenses?
3M (MMM) reported transportation and electronics — research, development and related expenses of $128M in Q2 2026.
How has 3M's transportation and electronics — research, development and related expenses changed year-over-year?
3M's transportation and electronics — research, development and related expenses increased by 16.4% year-over-year, from $110M to $128M.
What is the long-term trend for 3M's transportation and electronics — research, development and related expenses?
Over 3 years (2022 to 2025), 3M's transportation and electronics — research, development and related expenses has grown at a -0.6% compound annual growth rate (CAGR), from $474M to $465M.
What does transportation and electronics — research, development and related expenses mean?
This represents the investment in innovation, new product development, and proprietary technology specifically for the Transportation and Electronics segment. It is a critical indicator of the segment's commitment to future growth and competitive differentiation.

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