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3M MMM Operating margin

Operating margin at other companies

Illinois Tool Works logo
Illinois Tool WorksITW
26.4%+0.5pp
Amcor logo
AmcorAMCR
6%-3.7pp
STERIS logo
STERISSTE
18.6%+2.7pp
Cintas logo
CintasCTAS
23%+0.2pp
Entegris logo
EntegrisENTG
14.7%-1.9pp
TE Connectivity logo
TE ConnectivityTEL
19.7%+2.0pp

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
Net margin11.1%-6.7pp

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 operating margin?
3M (MMM) reported operating margin of 19.1% in Q1 2026.
How has 3M's operating margin changed year-over-year?
3M's operating margin decreased by 4.8% year-over-year, from 20.1% to 19.1%.
What is the long-term trend for 3M's operating margin?
Over 2 years (2021 to 2025), 3M's operating margin has grown at a -5.6% compound annual growth rate (CAGR), from 87.3% to 77.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.