3M (MMM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NYSE•Industrials•Conglomerates

$177.05-1.31(-0.01%)After hours

Market Cap

$92.53B

P/E

26.2x

P/S

3.7x

P/B

22.4x

3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment and bonding, films, sound, and temperature management for transportation vehicles; format graphic films for advertising and fleet signage; reflective signage for highway and vehicle safety; light management films and electronics assembly solutions; chip packaging and interconnection solutions; semiconductor production materials; and data center solutions. The Consumer segment offers cleaning products for the home; consumer air quality products; picture hanging accessories; retail abrasives, paint accessories, and safety products; stationery and office products; automotive appearance products; and consumer bandages, tapes, braces, and supports. It serves automotive; commercial solutions; consumer markets; design and construction; electronics; energy; government; manufacturing; safety; transportation industries. The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, channel partner, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Profitability (22/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability22/25

Growth19/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality19/25

Strengths

Rising free cash flowStrong marginsHigh ROEInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 26.2x5y range 8.1x – 60.0x

Currently above its 16-quarter median.

P/S · 3.7x5y range 1.3x – 3.7x

Currently above its 20-quarter median.

P/B · 22.4x5y range 3.1x – 28.6x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 5.5% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Leverage Risk

Red Flag

D/E ratio is 3.0 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $92.53B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $25.25B
Q. Revenue: $6.58B
TTM EBITDA: $6.16B
TTM Op. Income: $4.74B
Q. Op. Income: $1.56B
TTM Net Income: $3.54B
Q. Net Income: $1.37B
EPS: $2.65
Shares Out.: $518.80M

$25.25B in TTM revenue grew 10.5% YoY, reaching $6.58B last quarter. TTM EBITDA of $6.16B and TTM operating income of $4.74B show growth is flowing through to the bottom line. TTM net income of $3.54B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 42.3%
EBITDA Margin: 28.8%
Op. Margin: 23.7%
Net Margin: 20.9%

Op. margin of 23.7% is up 1.5% YoY — cost efficiency is improving. Net margin at 20.9% and gross margin of 42.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 7% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 26.2x
P/S Ratio: 3.7x
P/B Ratio: 22.4x

At 26.2x P/E, the stock trades within typical market levels. P/S of 3.7x and P/B of 22.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 8% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $39.53B
Cash: $4.83B
Long-Term Debt: $12.56B
Book Value: $4.13B
D/E Ratio: 3.0
Debt/EBITDA: 6.6

With $39.53B in assets and $12.56B in long-term debt, D/E is 3.0and book value is $4.13B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 19% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $486.00M
TTM Free Cash Flow: $2.68B
FCF Margin: 10.6%
FCF / Net Income: 0.8

TTM FCF of $2.68B on $486.00M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 69% — a weakening trend.