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%-0.2pp	39.9%-1.0pp	40.9%-0.1pp	41%-0.1pp	41.1%-0.1pp
Operating margin	19.1%+0.5pp	18.6%-1.3pp	19.8%+0.4pp	19.5%-0.6pp	20.1%+0.4pp
Net margin	11.1%-1.9pp	13%-0.7pp	13.7%-2.3pp	16%-1.8pp	17.8%+0.8pp
Returns
Return on equity	72.1%-3.9pp	76.1%+2.7pp	73.4%-22.6pp	96%+2.5pp	93.5%-3.0pp
Return on invested capital	32.1%+3.3pp	28.8%-5.5pp	34.3%-4.9pp	39.2%+7.9pp	31.4%+0.3pp
Efficiency
Asset turnover	0.7×0.0×	0.6×0.0×	0.6×0.0×	0.6×+0.1×	0.5×0.0×
Liquidity
Current ratio	1.6×-0.1×	1.7×-0.1×	1.8×+0.1×	1.7×+0.1×	1.7×+0.2×
Leverage
Debt-to-equity	3.5×+0.7×	2.8×+0.1×	2.7×-0.4×	3×+0.2×	2.9×-0.7×
Net debt / EBITDA	1.3×-0.1×	1.3×+0.1×	1.3×-0.3×	1.6×+0.5×	1.1×-0.2×
Per Share
Book value per share	$6.12-29.5%	$8.69+1.0%	$8.60+8.4%	$7.94-2.6%	$8.15+17.2%
Valuation
Market capitalization	$75.87B-10.8%	$85.05B+2.9%	$82.65B+2.5%	$80.66B+1.8%	$79.2B+12.7%
Price / earnings	27.2×+1.1×	26.2×+1.9×	24.3×+3.8×	20.5×+2.3×	18.2×+1.3×
Price / sales	3×-0.4×	3.4×+0.1×	3.3×+0.1×	3.3×0.0×	3.2×+0.4×
Price / book	23.3×+5.2×	18.1×+0.2×	17.9×-0.9×	18.8×+1.1×	17.7×-0.6×
EV / EBITDA	13.7×-2.0×	15.7×+0.9×	14.8×-0.2×	15×+1.0×	14×+1.3×
Dividend yield	2.1%+0.2pp	1.8%0.0pp	1.9%0.0pp	1.9%0.0pp	1.9%-0.9pp

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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.