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3M MMM Foreign operations

Foreign operations at other companies

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Mativ HoldingsMATV
4.7%+4.2pp

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$82.25B-0.6%
Enterprise value$90B-2.3%
P/E29.5×+8.5×
P/S3.3×-0.1×

Profitability

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Gross margin39.7%-1.4pp
Operating margin19.1%-1.0pp
Net margin11.1%-6.7pp
FCF margin8.2%+8.0pp

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

Reported directly by 3M in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

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

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Questions, answered.

What is 3M's foreign operations?
3M (MMM) reported foreign operations of 5% in Q4 2025.
How has 3M's foreign operations changed year-over-year?
3M's foreign operations increased by 138.1% year-over-year, from 2.1% to 5%.
What does foreign operations mean?
This metric represents the impact of foreign operations on the company's effective income tax rate, reflecting the difference between the domestic statutory rate and the tax rates applicable in international jurisdictions. It captures the net effect of tax benefits or burdens arising from global business activities and cross-border earnings. This is a key indicator of how international tax planning and geographic footprint influence the overall tax burden.