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

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

NYSE•Industrials•Conglomerates

$164.22-0.49(<0.01%)Market open

Market Cap

$85.35B

P/E

28.5x

P/S

3.4x

P/B

28.9x

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

AverageMetricSide Score: 56/100

Strongest: Profitability (16/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability16/25

Growth14/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality16/25

Strengths

Strong marginsHigh ROEInterest easily coveredNo share dilution

Valuation vs. 5-year range

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

P/E · 28.5x5y range 8.1x – 60.0x

Currently above its 16-quarter median.

P/S · 3.4x5y range 1.3x – 3.6x

Currently above its 20-quarter median.

P/B · 28.9x5y range 3.1x – 28.9x

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 5.8% — 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 3.7 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $85.35B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $25.18B
Q. Revenue: $6.50B
TTM EBITDA: $6.01B
TTM Op. Income: $4.62B
Q. Op. Income: $984.00M
TTM Net Income: $3.00B
Q. Net Income: $933.00M
EPS: $1.79
Shares Out.: $519.70M

$25.18B in TTM revenue grew 11.3% YoY, reaching $6.50B last quarter. TTM EBITDA of $6.01B and TTM operating income of $4.62B show growth is flowing through to the bottom line. TTM net income of $3.00B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 41.3%
EBITDA Margin: 20.3%
Op. Margin: 15.1%
Net Margin: 14.4%

Op. margin of 15.1% is down 2.8% YoY — costs are rising relative to revenue. Net margin at 14.4% and gross margin of 41.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 16% — a weakening trend.

Price Ratios

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

P/E Ratio: 28.5x
P/S Ratio: 3.4x
P/B Ratio: 28.9x

At 28.5x P/E, the stock trades within typical market levels. P/S of 3.4x and P/B of 28.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 6 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $34.92B
Cash: $2.96B
Long-Term Debt: $10.90B
Book Value: $2.95B
D/E Ratio: 3.7
Debt/EBITDA: 8.3

With $34.92B in assets and $10.90B in long-term debt, D/E is 3.7and book value is $2.95B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

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

Op. Cash Flow: $986.00M
TTM Free Cash Flow: $3.98B
FCF Margin: 15.8%
FCF / Net Income: 1.3

TTM FCF of $3.98B on $986.00M in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.