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3M MMM Net margin

Net margin at other companies

Illinois Tool Works logo
Illinois Tool WorksITW
19.3%-2.1pp
PPG Industries logo
PPG IndustriesPPG
9.8%
Honeywell International logo
Honeywell InternationalHON
10.9%-5.2pp
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
-0.4%-0.2pp
Amcor logo
AmcorAMCR
3.1%-2.9pp
STERIS logo
STERISSTE
13.2%+1.9pp

Other financials

Income statement

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Revenue$6.0B+1.3%
Gross profit$2.5B-0.8%
Operating income$1.4B+12.1%
Net income$653.0M-41.5%
EPS (diluted)$1.23-39.7%

Balance sheet

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Cash & equivalents$3.7B-41.1%
Total debt$11.5B-11.0%
Total equity$3.3B-26.9%
Total assets$35.4B-11.3%

Cash flow

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Operating cash flow$574.0M+827%
CapEx$225.0M-4.7%
Free cash flow$349.0M+211%

Valuation

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Market cap$83.05B-4.2%
Enterprise value$90.8B-2.5%
P/E29.8×+9.9×
P/S3.3×-0.2×

Profitability

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Gross margin39.7%-1.4pp
Operating margin19.1%-1.0pp

Returns & leverage

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Return on equity72.1%-21.3pp
Debt / equity3.5×+0.6×
Current ratio1.6×-0.1×

Where this comes from

Calculated from 3M’s reported figures.

Based on trailing twelve months.

The official record: 3M’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is 3M's net margin?
3M (MMM) reported net margin of 11.1% in Q1 2026.
How has 3M's net margin changed year-over-year?
3M's net margin decreased by 37.4% year-over-year, from 17.8% to 11.1%.
What is the long-term trend for 3M's net margin?
Over 4 years (2021 to 2025), 3M's net margin has grown at a -3.0% compound annual growth rate (CAGR), from 68.3% to 60.5%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.