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3M MMM Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin163%0.0pp162.9%
Operating margin77.9%+91.8pp-13.9%
Net margin60.5%+50.5pp10%+61.9pp-51.8%-120pp68.7%+0.4pp
Returns
Return on equity338.9%+202pp137%+265pp-128.1%-281pp153.3%-29.7pp
Return on invested capital133.7%+138pp-4.5%
Efficiency
Asset turnover2.4×+0.3×2.1×+0.3×1.8×-1.0×2.8×-0.2×
Liquidity
Current ratio6.9×+1.1×5.8×+0.9×-1.2×6.1×-0.8×
Leverage
Debt-to-equity11.4×-2.3×13.7×+4.9×8.7×+4.4×4.3×-0.5×
Net debt / EBITDA5.2×
Per Share
Book value per share$33.37+7.1%$31.17-47.0%$58.84-41.5%$100.60+2.3%
Valuation
Market capitalization$327.56B+30.0%$251.93B+33.2%$189.15B-20.9%$239B-33.4%
Price / earnings89.1×44.9×-15.9×
Price / sales13.2×+3.0×10.3×+1.6×8.7×+1.3×7.4×-3.0×
Price / book72.5×+13.3×59.2×+30.2×29×+12.3×16.6×-8.3×
EV / EBITDA59.4×
Dividend yield7.6%-10.3pp17.8%-10.3pp28.2%+5.1pp23.1%+7.8pp

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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.