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
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 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×
Liquidity
Current ratio	6.9×-0.1×	6.9×+0.3×	6.6×+0.4×	6.2×+0.4×	5.9×0.0×
Leverage
Debt-to-equity	12×+0.6×	11.4×-0.8×	12.2×+0.1×	12.1×-0.1×	12.2×-1.5×
Net debt / EBITDA	5.4×+0.2×	5.2×0.0×	5.2×+0.2×	5×-0.5×	5.5×—
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%
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×—
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.