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MMM

3M Company

MMM

3M Company • NYSE
$172.06 ▲ 0.74% (+1.26)
Market Cap $91.41 B
52w High $172.85
52w Low $121.98
Dividend Yield 2.92%
P/E 27.44
Volume 1.60M
Outstanding Shares 531.23M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.517B ▲ $1.278B ▼ $834M ▲ 12.797% ▲ $1.56 ▲ $1.679B ▲
Q2-2025 $6.344B ▲ $1.547B ▲ $723M ▼ 11.397% ▼ $1.35 ▼ $1.448B ▼
Q1-2025 $5.954B ▼ $1.218B ▲ $1.116B ▲ 18.744% ▲ $2.05 ▲ $1.928B ▲
Q4-2024 $6.01B ▼ $1.179B ▼ $728M ▼ 12.113% ▼ $1.34 ▼ $1.33B ▼
Q3-2024 $6.294B $1.31B $1.372B 21.799% $2.49 $2.305B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.188B ▲ $37.611B ▼ $32.936B ▼ $4.628B ▲
Q2-2025 $4.214B ▼ $37.989B ▼ $33.638B ▼ $4.29B ▼
Q1-2025 $7.024B ▼ $39.951B ▲ $35.428B ▼ $4.464B ▲
Q4-2024 $7.728B ▲ $39.868B ▼ $35.974B ▼ $3.842B ▼
Q3-2024 $7.295B $40.875B $36.181B $4.642B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.688B ▲ $723M ▲ $1.755B ▲ $-3.399B ▼ $-929M ▲ $61M ▲
Q2-2025 $725M ▼ $-954M ▼ $70M ▼ $-1.769B ▼ $-2.614B ▼ $-1.162B ▼
Q1-2025 $1.122B ▲ $-79M ▼ $1.22B ▲ $-422M ▲ $726M ▲ $-315M ▼
Q4-2024 $728M ▼ $1.818B ▲ $-1.146B ▲ $-1.08B ▲ $-450M ▲ $1.527B ▲
Q3-2024 $1.376B $-1.787B $-1.204B $-1.085B $-4.033B $-2.033B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Consumer Segment
Consumer Segment
 $1.23Bn ▲$1.12Bn ▼$1.27Bn ▲$1.31Bn ▲
Safety And Industrial Segment
Safety And Industrial Segment
 $2.70Bn ▲$2.75Bn ▲$2.86Bn ▲$2.92Bn ▲
Segment Reporting Reconciling Item Corporate Nonsegment
Segment Reporting Reconciling Item Corporate Nonsegment
 $0 ▲$0 ▲$90.00M ▲$100.00M ▲
Transportation And Electronics Segment
Transportation And Electronics Segment
 $1.99Bn ▲$1.99Bn ▲$2.13Bn ▲$2.19Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has stepped down from its peak a few years ago and has been roughly flat more recently, reflecting portfolio changes and slower growth rather than a clear growth trend. Profitability at the gross and operating level remains positive but is not as strong as earlier in the decade, suggesting some pressure on pricing, mix, or costs. The income line is very lumpy: a large loss in the recent past was driven mainly by big one‑time charges, likely related to legal and restructuring items, while the latest year returns to solid profitability. Overall, the business still earns money, but the earnings profile has become more volatile and less robust than it once was.

Balance Sheet

Balance Sheet The balance sheet has been reshaped. Total assets are lower than a few years ago, consistent with spin‑offs, write‑downs, or divestitures. Debt has been gradually reduced from earlier highs, which is a positive trend for financial risk, but equity has also shrunk sharply, leaving a thinner capital cushion. Cash on hand is fairly steady, providing some liquidity, but the combination of lower equity and still‑meaningful debt means the company is now operating with a more leveraged, less conservative balance sheet than in the past.

Cash Flow

Cash Flow Historically, 3M has been a strong cash generator, with operating cash flow comfortably covering investment needs. In the most recent year, cash generation looks notably weaker than prior years, pointing to pressure from working capital swings, settlements, or softer underlying performance. Even so, free cash flow has stayed positive after funding a relatively stable, moderate level of capital spending. The pattern suggests a business that still throws off cash, but with reduced headroom and less consistency than before, leaving less margin for error if conditions worsen.

Competitive Edge

Competitive Edge 3M still enjoys substantial competitive strengths: a powerful global brand, a very broad product portfolio, deep relationships with industrial and healthcare customers, and a large base of patents and proprietary technologies. Its scale and integrated manufacturing give it cost advantages, and many customers face switching costs once 3M products are embedded in their processes. At the same time, the company is dealing with reputational and financial fallout from legal issues, portfolio pruning, and tougher competition from both diversified peers and lower‑cost manufacturers. The moat remains real but is being tested, and the company is working to refocus on areas where its science and scale matter most.

Innovation and R&D

Innovation and R&D Innovation remains one of 3M’s core strengths. The company has a long‑standing culture that encourages scientists and engineers to experiment, backed by sizeable and ongoing R&D investment. Its ability to reuse core technologies—such as adhesives, films, filtration, and advanced materials—across many different markets creates a steady pipeline of new products. Management is now directing this innovation engine toward areas tied to major global trends: electric vehicles, sustainable packaging, digital and AI‑enhanced solutions, and advanced electronics. The opportunity is significant, but it depends on effective execution—translating lab capabilities into commercially successful, scaled products fast enough to offset pressures in more mature lines.

Summary

3M is in the middle of a transition. The company still has valuable franchises, strong technical capabilities, and a long record of turning science into profitable products. However, its financial profile has become more uneven, with a step down in revenue, thinner margins than in the past, heavy one‑off charges, and a leaner equity base. Cash flow is still positive but less robust, and the balance sheet carries less of a buffer than it once did. Against this, 3M is doubling down on its innovation culture and refocusing on faster‑growing, technology‑driven niches. The key questions going forward are whether it can stabilize core earnings, manage legal and restructuring overhangs, and successfully convert its R&D and portfolio shifts into durable, higher‑quality growth.

NEWS

November 20, 2025 · 11:05 AM UTC

3M Announces Upcoming Investor Event

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November 4, 2025 · 4:15 PM UTC

3M Board Declares Quarterly Dividend

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October 24, 2025 · 6:00 AM UTC

Lanvin Group Announces Appointment of New Chief Financial Officer

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October 21, 2025 · 6:30 AM UTC

3M Delivers Strong Third-Quarter Results; Increases Full-Year Margin and EPS Guidance

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October 15, 2025 · 7:57 AM UTC

13-year-old from California named America's Top Young Scientist for inventing innovative fall detection home safety system

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