3M MMM Ratios & Valuation
| 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 | |
| EBITDA margin | 24.5%+0.7pp | 23.8%-0.8pp | 24.6%+0.3pp | 24.4%-0.7pp | 25.1%-0.1pp | |
| Free cash flow margin | 8.2%+2.6pp | 5.6%-0.8pp | 6.4%+14.5pp | -8.1%-7.8pp | -0.3%-2.9pp | |
| 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 assets | 7.4%-1.0pp | 8.4%-0.3pp | 8.7%-1.0pp | 9.7%+0.5pp | 9.2%-0.1pp | |
| 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× | |
| Inventory turnover | 4×-0.1× | 4.1×+0.4× | 3.7×+0.1× | 3.6×+0.3× | 3.3×-0.5× | |
| Liquidity | ||||||
| Current ratio | 1.6×-0.1× | 1.7×-0.1× | 1.8×+0.1× | 1.7×+0.1× | 1.7×+0.2× | |
| Quick ratio | 1.2×-0.1× | 1.3×-0.1× | 1.4×+0.2× | 1.2×0.0× | 1.2×+0.2× | |
| Cash ratio | 0.4×-0.1× | 0.5×0.0× | 0.5×+0.1× | 0.5×-0.2× | 0.7×+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× | |
| Debt-to-assets | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 1.3×-0.1× | 1.3×+0.1× | 1.3×-0.3× | 1.6×+0.5× | 1.1×-0.2× | |
| Interest coverage | 5.3×+0.4× | 4.9×-0.1× | 5×+0.3× | 4.7×+0.2× | 4.5×+0.4× | |
| 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% | |
| Enterprise value | $83.62B-10.0% | $92.95B+2.8% | $90.39B+0.4% | $90B+4.9% | $85.78B+9.5% | |
| 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× | |
| EV / sales | 3.3×-0.4× | 3.7×+0.1× | 3.6×0.0× | 3.7×+0.2× | 3.5×+0.3× | |
| Free cash flow yield | 2.7%+1.1pp | 1.6%-0.3pp | 1.9%+4.4pp | -2.5%-2.4pp | -0.1%-1.0pp | |
| Earnings yield | 3.7%-0.1pp | 3.8%-0.3pp | 4.1%-0.8pp | 4.9%-0.6pp | 5.5%-0.4pp | |
| Dividend yield | 2.1%+0.2pp | 1.8%0.0pp | 1.9%0.0pp | 1.9%0.0pp | 1.9%-0.9pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
