Industrials · Conglomerates
Price
$164.01
Market Cap
$85.5B
Employees
61,500
Beta
1.10
Avg Volume
3,777,648
CEO
William Brown
Business Description
3M Company operates as a global technology conglomerate with diverse interests. Its extensive operations are strategically divided into four primary business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial division supplies a broad array of products, including specialized abrasives and finishing tools for metalworking, automotive body repair kits, fastening systems for personal hygiene items, various masking and packaging materials, electrical components for construction, maintenance, and power distribution, strong structural adhesives and tapes, comprehensive personal protective equipment for respiratory, auditory, visual, and fall protection, and mineral granules for roofing shingles. Within the Transportation and Electronics sector, offerings encompass advanced ceramic solutions, specialized attachment tapes and films, sophisticated sound and temperature management systems for vehicles, high-quality large-format graphic films for advertising and fleet branding, optical films, electronic assembly solutions, robust packaging and interconnection technologies, and reflective materials crucial for highway and vehicle safety. The Health Care segment provides essential solutions such as food safety indicators, software for medical procedure coding and reimbursement, a wide range of products for skin and wound care, infection prevention, dental and orthodontic supplies, and advanced filtration and purification systems. Finally, the Consumer unit delivers an assortment of household and personal products, including bandages, braces, support devices, and personal respirators; various home cleaning supplies; retail-grade abrasives, paint accessories, DIY car care products, picture hanging solutions, and consumer-focused air quality improvements; along with a selection of stationery items. The company distributes its extensive product portfolio through both online platforms and a comprehensive traditional network, leveraging wholesalers, retailers, jobbers, distributors, and authorized dealers. This enterprise was founded in 1902 and maintains its corporate headquarters in St. Paul, Minnesota.
Business History
Price Overview
Last updated: Jun 28, 2026 5:23am (just now)$164.01
-3.96 (-2.36%)
Day Range
$163.37 – $167.80
52-Week Range
$139.34 – $177.41
50-Day MA
$151.76
200-Day MA
$157.92
Volume
6,324,606.00
Analyst Price Targets
Low
$136.00
Consensus
$166.75
High
$190.00
(53 analysts)
Share Structure
Outstanding
521,567,261.00
Float
520,675,381.00
Free Float
99.8%
High free float
— 99.8% of shares trade freely, ~0.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
31.14
Stock Price: $164.01
EPS (Diluted): 6.04
EPS (Diluted): 6.04
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
18.19
Stock Price: $164.01
Total Equity: $4.70B
Shares: 539,000,000
Total Equity: $4.70B
Shares: 539,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
16.33
Market Cap: $85.54B
Total Debt: $12.77B
Cash: $5.24B
EBITDA: $5.85B
Total Debt: $12.77B
Cash: $5.24B
EBITDA: $5.85B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$93.2B
Market Cap: $85.54B
Total Debt: $12.77B
Cash: $5.24B
Total Debt: $12.77B
Cash: $5.24B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
39.6%
Gross Profit: $9.87B
Revenue: $24.95B
Revenue: $24.95B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
18.3%
Operating Income: $4.56B
Revenue: $24.95B
Revenue: $24.95B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
13.0%
Net Income: $3.25B
Revenue: $24.95B
Revenue: $24.95B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
66.0%
Net Income: $3.25B
Total Equity: $4.70B
Total Equity: $4.70B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
13.0%
Operating Income: $4.56B
Tax Rate: 23.8%
Equity: $4.70B
Total Debt: $12.77B
Cash: $5.24B
Tax Rate: 23.8%
Equity: $4.70B
Total Debt: $12.77B
Cash: $5.24B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.71
Current Assets: $16.39B
Current Liabilities: $9.60B
Current Liabilities: $9.60B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
2.72
Short-Term Debt: $1.84B
Long-Term Debt: $10.93B
Total Debt: $12.77B
Total Equity: $4.70B
Long-Term Debt: $10.93B
Total Debt: $12.77B
Total Equity: $4.70B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$46.29
Revenue: $24.95B
Shares: 539,000,000
Shares: 539,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$8.72
Total Equity: $4.70B
Shares: 539,000,000
Shares: 539,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$2.59
Operating CF: $2.31B
CapEx: -$910.00M
Shares: 539,000,000
CapEx: -$910.00M
Shares: 539,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
1.4%
Last Dividend: N/A
Stock Price: $164.01
Stock Price: $164.01
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $3.25B
Net Income: $3.25B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MMM against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 28, 2026 5:23am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $35.4B | $34.2B | $24.6B | $24.6B | $24.9B |
| Cost of Revenue | $18.7B | $19.3B | $15.0B | $14.5B | $15.1B |
| Gross Profit | $16.6B | $15.0B | $9.6B | $10.1B | $9.9B |
| Operating Expenses | $9.1B | $10.9B | $5.5B | $5.1B | $5.3B |
| Operating Income | $7.5B | $4.1B | $4.0B | $4.9B | $4.6B |
| Net Income | $5.9B | $5.8B | -$7.0B | $4.2B | $3.3B |
| EBITDA | $9.6B | $8.7B | -$8.9B | $7.2B | $5.9B |
| EPS | $10.23 | $10.21 | $-12.63 | $7.58 | $6.04 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 28, 2026 5:23am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $4.6B | $3.7B | $5.7B | $5.6B | $5.2B |
| Total Current Assets | $15.4B | $14.7B | $16.4B | $15.9B | $16.4B |
| Total Assets | $47.1B | $46.5B | $50.6B | $39.9B | $37.7B |
| Current Liabilities | $9.0B | $9.5B | $15.3B | $11.3B | $9.6B |
| Long-Term Debt | $16.1B | $14.0B | $13.1B | $11.1B | $10.9B |
| Total Liabilities | $32.0B | $31.7B | $45.7B | $36.0B | $33.0B |
| Total Equity | $15.0B | $14.7B | $4.8B | $3.8B | $4.7B |
| Retained Earnings | $45.8B | $48.0B | $37.5B | $36.8B | $38.3B |
Cash Flow (Annual)
Last updated: Jun 28, 2026 5:23am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $7.5B | $5.6B | $6.7B | $1.8B | $2.3B |
| Capital Expenditure | -$1.6B | -$1.7B | -$1.6B | -$1.2B | -$910.0M |
| Free Cash Flow | $5.9B | $3.8B | $5.1B | $638.0M | $1.4B |
| Acquisitions (net) | $51.0M | $491.0M | $60.0M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$2.2B | -$1.5B | -$33.0M | -$1.8B | -$4.8B |
| Net Change in Cash | -$70.0M | -$909.0M | $2.3B | -$333.0M | -$365.0M |
Analyst Estimates (Annual)
Last updated: Jun 28, 2026 5:23am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$25.9B $25.6B – $26.8B
|
$26.9B $26.9B – $26.9B
|
$27.8B $27.6B – $28.3B
|
$28.1B $27.9B – $28.6B
|
| EBITDA |
$3.6B $3.5B – $3.7B
|
$3.7B $3.7B – $3.7B
|
$3.9B $3.8B – $3.9B
|
$3.9B $3.9B – $4.0B
|
| Net Income |
$5.1B $5.1B – $5.2B
|
$4.8B $4.8B – $6.2B
|
$5.9B $5.8B – $6.0B
|
$6.2B $6.1B – $6.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 28, 2026 5:23am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -3.2% | -28.1% | -0.1% | +1.5% |
| Gross Profit Growth | -9.9% | -36.0% | +5.3% | -2.1% |
| Operating Income Growth | -45.9% | -0.6% | +21.8% | -7.5% |
| Net Income Growth | -2.4% | -221.1% | +159.7% | -22.1% |
| EBITDA Growth | -8.9% | -202.1% | +181.1% | -19.0% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-05 | RUMSEY JENNIFER | A-Award | 1,196.00 | $152.77 | $182,712 |
| 2026-06-05 | RUMSEY JENNIFER | 0.00 | $0.00 | $0 | |
| 2026-05-12 | Sweet Thomas W | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | Kereere Suzan | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | Chow Anne H | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | BROWN THOMAS K | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | Fitterling James R | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | Bozeman David P | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | Choi Audrey | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | Mitchill Neil G. JR | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-12 | PIZARRO PEDRO | A-Award | 1,360.40 | $143.34 | $195,000 |
| 2026-05-01 | Reinseth Theresa E | M-Exempt | 1,441.00 | $142.50 | $205,343 |
| 2026-05-01 | Reinseth Theresa E | F-InKind | 517.00 | $142.50 | $73,673 |
| 2026-05-01 | Reinseth Theresa E | M-Exempt | 1,441.00 | $0.00 | $0 |
| 2026-05-01 | Brown William M | M-Exempt | 8,578.00 | $142.50 | $1.2M |
| 2026-05-01 | Brown William M | F-InKind | 3,912.00 | $142.50 | $557,460 |
| 2026-05-01 | Brown William M | M-Exempt | 8,578.00 | $0.00 | $0 |
| 2026-05-01 | Banovetz John Patrick | M-Exempt | 13,420.00 | $142.50 | $1.9M |
| 2026-05-01 | Banovetz John Patrick | F-InKind | 6,120.00 | $142.50 | $872,100 |
| 2026-05-01 | Banovetz John Patrick | M-Exempt | 13,420.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 28, 2026 5:23am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-22 | $0.78 | 2026-05-12 | 2026-05-22 | 2026-06-12 |
| 2026-02-13 | $0.78 | 2026-02-03 | 2026-02-13 | 2026-03-12 |
| 2025-11-14 | $0.73 | 2025-11-04 | 2025-11-14 | 2025-12-12 |
| 2025-08-25 | $0.73 | 2025-08-15 | 2025-08-25 | 2025-09-12 |
| 2025-05-23 | $0.73 | 2025-05-13 | 2025-05-23 | 2025-06-12 |
| 2025-02-14 | $0.73 | 2025-02-04 | 2025-02-14 | 2025-03-12 |
| 2024-11-15 | $0.70 | 2024-11-05 | 2024-11-15 | 2024-12-12 |
| 2024-08-26 | $0.70 | 2024-08-16 | 2024-08-26 | 2024-09-12 |
| 2024-05-23 | $0.70 | 2024-05-14 | 2024-05-24 | 2024-06-12 |
| 2024-02-15 | $1.51 | 2024-02-06 | 2024-02-16 | 2024-03-12 |
| 2023-11-16 | $1.50 | 2023-11-07 | 2023-11-17 | 2023-12-12 |
| 2023-08-18 | $1.50 | 2023-08-11 | 2023-08-21 | 2023-09-12 |
| 2023-05-18 | $1.50 | 2023-05-09 | 2023-05-19 | 2023-06-12 |
| 2023-02-16 | $1.50 | 2023-02-07 | 2023-02-17 | 2023-03-12 |
| 2022-11-17 | $1.49 | 2022-11-08 | 2022-11-18 | 2022-12-12 |
| 2022-08-19 | $1.49 | 2022-08-12 | 2022-08-22 | 2022-09-12 |
| 2022-05-19 | $1.49 | 2022-05-10 | 2022-05-20 | 2022-06-12 |
| 2022-02-17 | $1.49 | 2022-02-08 | 2022-02-18 | 2022-03-12 |
| 2021-11-18 | $1.48 | 2021-11-09 | 2021-11-19 | 2021-12-12 |
| 2021-08-20 | $1.48 | 2021-08-13 | 2021-08-23 | 2021-09-12 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MMM — it's generated by the pipeline (
market-narrative step).
No community reviews yet for MMM.
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30