3M MMM Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 161.6%-2.4pp | 163%0.0pp | 164.3%+3.4pp | 164.3%— | 163.9%— | |
| Operating margin | 76.9%+24.8pp | 77.9%+91.8pp | 79%+158pp | 74.4%— | 52.1%— | |
| Net margin | 53.9%-2.6pp | 60.5%+50.5pp | 64.5%+99.9pp | 68.7%+162pp | 56.5%+160pp | |
| EBITDA margin | 97.3%+20.8pp | 97.9%+84.6pp | 99.3%+149pp | 96.2%— | 76.5%— | |
| Free cash flow margin | 12.2%-10.6pp | 3.7%-38.3pp | 0.7%-59.3pp | -2.7%-85.8pp | 22.7%-64.0pp | |
| Returns | ||||||
| Return on equity | 317.6%+17.2pp | 338.9%+202pp | 359.4%+390pp | 380.2%+585pp | 300.3%+534pp | |
| Return on assets | 34.1%+4.0pp | 35.9%+28.7pp | 36.7%+53.2pp | 37.8%+79.4pp | 30.1%+76.9pp | |
| Return on invested capital | 134.5%+51.9pp | 133.7%+138pp | 136%+225pp | 127.5%— | 82.6%— | |
| Efficiency | ||||||
| Asset turnover | 2.5×+0.4× | 2.4×+0.3× | 2.3×+0.2× | 2.2×+0.3× | 2.1×+0.3× | |
| Inventory turnover | 15.3×+2.0× | 14.6×+1.7× | 14.3×+1.9× | 13.8×+2.3× | 13.4×+2.5× | |
| Liquidity | ||||||
| Current ratio | 6.9×+1.0× | 6.9×+1.1× | 6.6×+1.1× | 6.2×+1.1× | 5.9×+0.7× | |
| Quick ratio | 5.1×+0.6× | 5.2×+0.7× | 4.9×+0.7× | 4.6×+0.7× | 4.5×+0.7× | |
| Cash ratio | 2×-0.4× | 2.2×-0.3× | 2.2×-0.3× | 2.2×-0.1× | 2.4×+0.5× | |
| Leverage | ||||||
| Debt-to-equity | 12×-0.1× | 11.4×-2.3× | 12.2×-1.1× | 12.1×-1.5× | 12.2×0.0× | |
| Debt-to-assets | 1.3×+0.1× | 1.3×0.0× | 1.3×+0.1× | 1.3×+0.1× | 1.2×0.0× | |
| Net debt / EBITDA | 5.4×-0.1× | 5.2×— | 5.2×— | 5×— | 5.5×— | |
| Interest coverage | 19.9×+9.1× | 19.1×+22.4× | 18.2×+37.6× | 16×— | 10.9×— | |
| Per Share | ||||||
| Book value per share | $31.35+2.6% | $33.37+7.1% | $31.64-3.8% | $31.44-4.5% | $30.56-23.5% | |
| Valuation | ||||||
| Market capitalization | $324.23B+15.0% | $327.56B+30.0% | $312.81B+34.6% | $305.86B+52.9% | $281.92B+48.6% | |
| Enterprise value | $356.95B+17.1% | $359.11B+28.9% | $344.52B+32.5% | $335.72B+45.7% | $304.74B+34.1% | |
| Price / earnings | 98.2×-14.2× | 89.1×— | 79.8×— | 72.7×— | 112.4×— | |
| Price / sales | 13×+1.6× | 13.2×+3.0× | 12.7×+3.2× | 12.5×+3.7× | 11.5×+2.9× | |
| Price / book | 78×+11.2× | 72.5×+13.3× | 72.7×+21.2× | 71.1×+26.7× | 66.8×+30.9× | |
| EV / EBITDA | 59.1×-35.2× | 59.4×— | 56.4×— | 57×— | 94.3×— | |
| EV / sales | 14.4×+2.0× | 14.5×+3.2× | 14×+3.4× | 13.7×+3.6× | 12.4×+2.1× | |
| Free cash flow yield | 3.8%-5.5pp | 1%-17.9pp | 0.3%-27.7pp | -0.7%-38.8pp | 9.3%-30.9pp | |
| Earnings yield | 16.5%-2.4pp | 18.3%+19.2pp | 20.4%+41.1pp | 22.1%+65.6pp | 18.9%+67.2pp | |
| Dividend yield | 7.7%-5.3pp | 7.6%-10.3pp | 8.6%-13.0pp | 9.9%-16.1pp | 13.1%-15.0pp |
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.
