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3M MMM Operating margin

Operating margin at other companies

Acme United logo
Acme UnitedACU
6.8%-0.4pp
Illinois Tool Works logo
Illinois Tool WorksITW
26.5%+0.5pp
MSA
Mine Safety Appliances CompanyMSA
20.2%-1.1pp
Rogers Corporation logo
Rogers CorporationROG
8.1%-6.7pp
WD-40 Company logo
WD-40 CompanyWDFC
17.5%+1.2pp
Brady Corporation logo
Brady CorporationBRC
16.2%-0.5pp

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$90.91B+15.4%
Enterprise value$101.12B+14.8%
P/E30.3×+10.3×
P/S3.6×+0.4×

Profitability

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Gross margin39.4%-1.6pp
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

Calculated from 3M’s reported figures.

Based on trailing twelve months.

The source filing: 3M’s 10-Q, filed July 21, 2026. Open the filing →

Filed
Jul 21, 2026, 12:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000066740-26-000246

FAQ

What is 3M's operating margin?
3M (MMM) reported operating margin of 18.4% in Q2 2026.
How has 3M's operating margin changed year-over-year?
3M's operating margin decreased by 5.6% year-over-year, from 19.5% to 18.4%.
What is the long-term trend for 3M's operating margin?
Over 4 years (2020 to 2025), 3M's operating margin has grown at a -4.4% compound annual growth rate (CAGR), from 22.3% to 18.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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