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3M MMM Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin39.4%-1.6pp39.7%-1.4pp39.9%-1.3pp40.9%0.0pp41%+0.4pp
Operating margin18.4%-1.1pp19.1%-1.0pp18.6%-1.1pp19.8%+4.6pp19.5%+22.2pp
Net margin11.9%-4.1pp11.1%-6.7pp13%-4.0pp13.7%-4.2pp16%+12.2pp
Returns
Return on equity82.8%-13.2pp72.1%-21.3pp76.1%-20.4pp73.4%-20.9pp96%+79.9pp
Return on invested capital26.6%-12.6pp32.1%+0.8pp28.8%-2.3pp34.3%+8.5pp39.2%+45.0pp
Efficiency
Asset turnover0.7×+0.1×0.7×+0.1×0.6×+0.1×0.6×+0.1×0.6×+0.1×
Liquidity
Current ratio1.2×-0.5×1.6×-0.1×1.7×+0.3×1.8×+0.4×1.7×+0.4×
Leverage
Debt-to-equity4.5×+1.4×3.5×+0.6×2.8×-0.8×2.7×+0.1×-0.1×
Net debt / EBITDA1.7×+0.1×1.3×+0.2×1.3×0.0×1.3×+0.2×1.6×-0.5×
Per Share
Book value per share$5.65-28.8%$6.12-24.9%$8.69+24.9%$8.60+2.4%$7.94+12.4%
Valuation
Market capitalization$90.91B+15.4%$75.87B-4.2%$85.05B+21.0%$82.65B+9.2%$80.66B+42.2%
Price / earnings30.3×+10.3×27.2×+9.1×26.2×+9.3×24.3×+7.1×20.5×-39.7×
Price / sales3.6×+0.4×-0.2×3.4×+0.5×3.3×+0.2×3.3×+1.0×
Price / book30.8×+12.4×23.3×+5.5×18.1×-0.2×17.9×+1.6×18.8×+4.3×
EV / EBITDA16.8×+2.1×13.7×-0.3×15.7×+3.0×14.8×-0.6×15×-37.3×
Dividend yield1.7%-0.2pp2.1%+0.1pp1.8%-1.0pp1.9%-1.3pp1.9%-3.2pp

FAQ

What are 3M's profit margins?
3M (MMM) runs a 39.4% gross margin and a 18.4% operating margin, with a 11.9% net margin.
Where do 3M's ratios come from?
Every ratio is computed from 3M's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.