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%-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
Returns
Return on equity	317.6%+17.2pp	338.9%+202pp	359.4%+390pp	380.2%+585pp	300.3%+534pp
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×
Liquidity
Current ratio	6.9×+1.0×	6.9×+1.1×	6.6×+1.1×	6.2×+1.1×	5.9×+0.7×
Leverage
Debt-to-equity	12×-0.1×	11.4×-2.3×	12.2×-1.1×	12.1×-1.5×	12.2×0.0×
Net debt / EBITDA	5.4×-0.1×	5.2×—	5.2×—	5×—	5.5×—
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%
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×—
Dividend yield	7.7%-5.3pp	7.6%-10.3pp	8.6%-13.0pp	9.9%-16.1pp	13.1%-15.0pp

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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.