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3M MMM Price / earnings

Price / earnings at other companies

Illinois Tool Works logo
Illinois Tool WorksITW
23.9×+2.3×
PPG Industries logo
PPG IndustriesPPG
15.1×
Honeywell International logo
Honeywell InternationalHON
35×+10.9×
DuPont de Nemours, Inc. logo
DuPont de Nemours, Inc.DD
45.3×-29.0×
Amcor logo
AmcorAMCR
27.1×+9.7×
STERIS logo
STERISSTE
27.7×-8.5×

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/S3.3×-0.2×

Profitability

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Gross margin39.7%-1.4pp
Operating margin19.1%-1.0pp
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 the most recent quarter.

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 price / earnings?
3M (MMM) reported price / earnings of 27.2× in Q1 2026.
How has 3M's price / earnings changed year-over-year?
3M's price / earnings increased by 49.9% year-over-year, from 18.2× to 27.2×.
What is the long-term trend for 3M's price / earnings?
Over 2 years (2021 to 2025), 3M's price / earnings has grown at a 21.1% compound annual growth rate (CAGR), from 60.8× to 89.1×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.