What are 3M's profit margins?

3M (MMM) runs a 39.7% gross margin and a 19.1% operating margin, with a 11.1% 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.

3M MMM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	39.7%-1.4pp	39.9%-1.3pp	40.9%0.0pp	41%+0.4pp	41.1%+1.0pp
Operating margin	19.1%-1.0pp	18.6%-1.1pp	19.8%+4.6pp	19.5%+22.2pp	20.1%+66.1pp
Net margin	11.1%-6.7pp	13%-4.0pp	13.7%-4.2pp	16%+12.2pp	17.8%+46.5pp
Returns
Return on equity	72.1%-21.3pp	76.1%-20.4pp	73.4%-20.9pp	96%+79.9pp	93.5%+163pp
Return on invested capital	32.1%+0.8pp	28.8%-2.3pp	34.3%+8.5pp	39.2%+45.0pp	31.4%+87.0pp
Efficiency
Asset turnover	0.7×+0.1×	0.6×+0.1×	0.6×+0.1×	0.6×+0.1×	0.5×0.0×
Liquidity
Current ratio	1.6×-0.1×	1.7×+0.3×	1.8×+0.4×	1.7×+0.4×	1.7×0.0×
Leverage
Debt-to-equity	3.5×+0.6×	2.8×-0.8×	2.7×+0.1×	3×-0.1×	2.9×-1.5×
Net debt / EBITDA	1.3×+0.2×	1.3×0.0×	1.3×+0.2×	1.6×-0.5×	1.1×—
Per Share
Book value per share	$6.12-24.9%	$8.69+24.9%	$8.60+2.4%	$7.94+12.4%	$8.15-6.9%
Valuation
Market capitalization	$75.87B-4.2%	$85.05B+21.0%	$82.65B+9.2%	$80.66B+42.2%	$79.2B+60.9%
Price / earnings	27.2×+9.1×	26.2×+9.3×	24.3×+7.1×	20.5×-39.7×	18.2×—
Price / sales	3×-0.2×	3.4×+0.5×	3.3×+0.2×	3.3×+1.0×	3.2×+1.2×
Price / book	23.3×+5.5×	18.1×-0.2×	17.9×+1.6×	18.8×+4.3×	17.7×+7.6×
EV / EBITDA	13.7×-0.3×	15.7×+3.0×	14.8×-0.6×	15×-37.3×	14×—
Dividend yield	2.1%+0.1pp	1.8%-1.0pp	1.9%-1.3pp	1.9%-3.2pp	1.9%-4.8pp

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Questions, answered.

What are 3M's profit margins?: 3M (MMM) runs a 39.7% gross margin and a 19.1% operating margin, with a 11.1% 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.