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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	161.6%-1.4pp	163%-1.3pp	164.3%0.0pp	164.3%+0.4pp	163.9%+1.0pp
Operating margin	76.9%-1.0pp	77.9%-1.1pp	79%+4.6pp	74.4%+22.2pp	52.1%+66.1pp
Net margin	53.9%-6.7pp	60.5%-4.0pp	64.5%-4.2pp	68.7%+12.2pp	56.5%+46.5pp
EBITDA margin	97.3%-0.6pp	97.9%-1.4pp	99.3%+3.0pp	96.2%+19.8pp	76.5%+63.1pp
Free cash flow margin	12.2%+8.5pp	3.7%+3.0pp	0.7%+3.4pp	-2.7%-25.5pp	22.7%-19.2pp
Returns
Return on equity	317.6%-21.3pp	338.9%-20.4pp	359.4%-20.9pp	380.2%+79.9pp	300.3%+163pp
Return on assets	34.1%-1.8pp	35.9%-0.9pp	36.7%-1.0pp	37.8%+7.6pp	30.1%+23.0pp
Return on invested capital	134.5%+0.8pp	133.7%-2.3pp	136%+8.5pp	127.5%+45.0pp	82.6%+87.0pp
Efficiency
Asset turnover	2.5×+0.1×	2.4×+0.1×	2.3×+0.1×	2.2×+0.1×	2.1×0.0×
Inventory turnover	15.3×+0.7×	14.6×+0.3×	14.3×+0.5×	13.8×+0.4×	13.4×+0.4×
Liquidity
Current ratio	6.9×-0.1×	6.9×+0.3×	6.6×+0.4×	6.2×+0.4×	5.9×0.0×
Quick ratio	5.1×-0.1×	5.2×+0.2×	4.9×+0.3×	4.6×+0.1×	4.5×0.0×
Cash ratio	2×-0.3×	2.2×0.0×	2.2×0.0×	2.2×-0.2×	2.4×-0.2×
Leverage
Debt-to-equity	12×+0.6×	11.4×-0.8×	12.2×+0.1×	12.1×-0.1×	12.2×-1.5×
Debt-to-assets	1.3×0.0×	1.3×0.0×	1.3×0.0×	1.3×+0.1×	1.2×-0.1×
Net debt / EBITDA	5.4×+0.2×	5.2×0.0×	5.2×+0.2×	5×-0.5×	5.5×—
Interest coverage	19.9×+0.8×	19.1×+0.8×	18.2×+2.2×	16×+5.2×	10.9×+14.2×
Per Share
Book value per share	$31.35-6.1%	$33.37+5.5%	$31.64+0.6%	$31.44+2.9%	$30.56-1.9%
Valuation
Market capitalization	$324.23B-1.0%	$327.56B+4.7%	$312.81B+2.3%	$305.86B+8.5%	$281.92B+11.9%
Enterprise value	$356.95B-0.6%	$359.11B+4.2%	$344.52B+2.6%	$335.72B+10.2%	$304.74B+9.4%
Price / earnings	98.2×+9.1×	89.1×+9.3×	79.8×+7.1×	72.7×-39.7×	112.4×—
Price / sales	13×-0.2×	13.2×+0.5×	12.7×+0.2×	12.5×+1.0×	11.5×+1.2×
Price / book	78×+5.5×	72.5×-0.2×	72.7×+1.6×	71.1×+4.3×	66.8×+7.6×
EV / EBITDA	59.1×-0.3×	59.4×+3.0×	56.4×-0.6×	57×-37.3×	94.3×—
EV / sales	14.4×-0.2×	14.5×+0.5×	14×+0.3×	13.7×+1.3×	12.4×+1.1×
Free cash flow yield	3.8%+2.8pp	1%+0.7pp	0.3%+0.9pp	-0.7%-10.0pp	9.3%-9.5pp
Earnings yield	16.5%-1.8pp	18.3%-2.1pp	20.4%-1.7pp	22.1%+3.2pp	18.9%+19.8pp
Dividend yield	7.7%+0.1pp	7.6%-1.0pp	8.6%-1.3pp	9.9%-3.2pp	13.1%-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.