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3M Co.
MMMIndustrialsGenerated Aug 19, 2026, 11:17 PM UTC
MMM (3M Co.) analytical snapshot. Revenue grew +1.5% YoY to $24.95B. 5-year revenue CAGR -6.7%; 10y CAGR -2.1%. Net margin at 13.03% (contracting ▼). Market cap $93.17B at $180.66 per share. Trailing P/E 30.11, P/S 3.73, P/B 31.56. EV/Operating income ≈ 22.38 (EV $103.60B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -16 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Free SEC analysis
— computed from SEC filings, free to readFilings & Ownership
Latest annual report (10-K) filed Feb 3, 2026. Latest quarterly report (10-Q) filed Jul 21, 2026. 10 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 3, 2026.
- Latest quarterly report (10-Q) filed Jul 21, 2026.
- 10 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 5 sell transactions — net selling $4.3M.
- ~10,000+ recent 13F-HR filings reference 3M Co.; broad institutional reporting.
- Recent filers include Pendal Group Ltd, AM INVESTMENT PARTNERS LLC, FMR LLC.
- 20 recent 13G passive institutional ownership notices.
| Filer | Form | Filed |
|---|---|---|
| Pendal Group Ltd | 13F-HR | May 3, 2021 |
| AM INVESTMENT PARTNERS LLC | 13F-HR | Aug 14, 2006 |
| FMR LLC | 13F-HR | Sep 7, 2018 |
| WHITE MOUNTAINS ADVISORS LLC | 13F-HR | Aug 12, 2005 |
| MENOYO ERIC F TRUSTEE | 13F-HR | Jan 16, 2003 |
| Insider | Date | Net | Buys/Sells |
|---|---|---|---|
| Chavez Rodriguez Beatriz Karina | Aug 6, 2026 | -$663.4K | 0/1 |
| Reinseth Theresa E | Jul 24, 2026 | -$156.5K | 0/1 |
| Banovetz John Patrick | Jul 24, 2026 | -$1.3M | 0/1 |
| Rhodes Kevin H | Jul 23, 2026 | -$1.3M | 0/1 |
| Goralski Christian T JR | Jul 23, 2026 | -$835.6K | 0/1 |
| Date | Form | Description |
|---|---|---|
| Aug 19, 2026 | 8-K | 8-K |
| Jul 21, 2026 | 8-K | 8-K |
| Jun 8, 2026 | 8-K | 8-K |
| May 13, 2026 | 8-K | 8-K |
| May 6, 2026 | 8-K | 8-K |
| Apr 21, 2026 | 8-K | 8-K |
| Feb 5, 2026 | 8-K | 8-K |
| Jan 20, 2026 | 8-K | 8-K |
SEC Filing Deep-Analysis
1 risk signal(s), 1 watch item(s) detected from XBRL filing diff analysis. 1 risk signal(s) detected versus 0 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 4 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- R&D intensity declining: R&D as % of revenue fell from 4.1% to 2.8%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: 1 risk signal(s) detected versus 0 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 6 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Restatement of financial statements.
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $24.57B | $24.95B | $373.0M | +1.5% |
| Operating income | $4.82B | $4.63B | $-193.0M | -4.0% |
| Net income | $4.17B | $3.25B | $-923.0M | -22.1% |
| Operating cash flow | $1.82B | $2.31B | $487.0M | +26.8% |
| Capex | $1.18B | $910.0M | $-271.0M | -22.9% |
| Total assets | $39.87B | $37.73B | $-2.13B | -5.4% |
| Total liabilities | $35.97B | $32.99B | $-2.99B | -8.3% |
| Long-term debt | $13.04B | $12.60B | $-442.0M | -3.4% |
| Cash & equivalents | $5.60B | $5.24B | $-365.0M | -6.5% |
| Stockholders equity | $3.84B | $4.70B | $860.0M | +22.4% |
| Inventory | $3.70B | $3.66B | $-37.0M | -1.0% |
| Accounts receivable | $3.19B | $3.53B | $339.0M | +10.6% |
| R&D expense | $1.00B | $700.0M | $-300.0M | -30.0% |
| SG&A expense | $4.22B | $4.00B | $-224.0M | -5.3% |
| Interest expense | $472.0M | $448.0M | $-24.0M | -5.1% |
| Type | Concepts |
|---|---|
| Added | InsuranceRecoveries, InsuranceSettlementsReceivable, MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments, MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments, MarketableSecuritiesUnrealizedGainLoss, PaymentsForProceedsFromBusinessesAndInterestInAffiliates |
| Removed | AccruedIncomeTaxesCurrent, AdvertisingExpense, AllocatedShareBasedCompensationExpense, AllocatedShareBasedCompensationExpenseNetOfTax, AssetImpairmentCharges, AssetRetirementObligation, AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit |
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Restatement of financial statements | high | 4 | 2 | Ongoing |
| Impairment charge | medium | 5 | 3 | Ongoing |
| Restructuring | medium | 5 | 9 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 2 | Ongoing |
| Related party transactions | low | 5 | 4 | Ongoing |
Fundamentals
Revenue grew +1.5% YoY to $24.95B. 5-year revenue CAGR -6.7%; 10y CAGR -2.1%. Net margin at 13.03% (contracting ▼).
- Revenue grew +1.5% YoY to $24.95B.
- 5-year revenue CAGR -6.7%; 10y CAGR -2.1%.
- Net margin at 13.03% (contracting ▼).
- Return on equity 69.12%, ROA 8.61%, ROIC 26.75%.
- Gross margin 0.00%, operating margin 18.55%.
- Free cash flow margin 5.60% ($1.40B).
- Net income down ▼ +22.1% YoY.
- Debt/equity 4.27, current ratio 1.24, net debt $10.43B.
- Asset turnover 0.71 — capital efficiency.
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $24.57B | -24.8% | 0.00 | 19.62 | 16.98 | $638.0M | 108.62 |
| 2025 | $24.95B | +1.5% | 0.00 | 18.55 | 13.03 | $1.40B | 69.12 |
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2024 | $6.29B | +0.4% | — | 21.80% |
| Mar 31, 2025 | $5.95B | -1.0% | -5.4% | 18.74% |
| Jun 30, 2025 | $6.34B | +1.4% | +6.6% | 11.40% |
| Sep 30, 2025 | $6.52B | +3.5% | +2.7% | 12.80% |
| Mar 31, 2026 | $6.03B | +1.3% | -7.5% | 10.83% |
| Jun 30, 2026 | $6.50B | +2.5% | +7.8% | 14.35% |
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Market cap $93.17B at $180.66 per share. Trailing P/E 30.11, P/S 3.73, P/B 31.56. EV/Operating income ≈ 22.38 (EV $103.60B).
- Market cap $93.17B at $180.66 per share.
Price & Technicals
Price $180.66 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 63.70.
- Price $180.66 — uptrend (above 200-DMA); 1-month momentum positive.
Macro & Rates
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
Risk Scorecard
Composite risk Elevated. Leverage debt/equity 4.27 (high). Liquidity current ratio 1.24 (adequate).
- Composite risk: Elevated.
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3 sections free · 4 Pro previews · composite -16
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. 3M Co. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Analytical read
deterministic previewPrice $180.66 — uptrend (above 200-DMA); 1-month momentum positive..
Peer comparison
Cyclical / growth groupHow MMM stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
| MercadoLibre Inc. MELI | 32 | Supportive |
| Booking Holdings BKNG | 32 | Supportive |
| Uber Technologies UBER | 32 | Supportive |
| Shopify Inc. SHOP | 30 | Supportive |
| Newmont Corp. NEM | 29 | Supportive |
| Alphabet Inc. GOOGL | 29 | Supportive |
| Intuit Inc. INTU | 28 | Supportive |
| Pinterest Inc. PINS | 28 | Supportive |
| Salesforce Inc. CRM | 27 | Supportive |
| Workday Inc. WDAY | 20 | Supportive |
| Microsoft Corp. MSFT | 19 | Supportive |
| Adobe Inc. ADBE | 18 | Supportive |
| NVIDIA Corp. NVDA | 17 | Supportive |
| Netflix Inc. NFLX | 17 | Supportive |
| Marvell Technology MRVL | 16 | Supportive |
| Roku Inc. ROKU | 15 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Comcast Corp. CMCSA | 15 | Supportive |
| Cloudflare Inc. NET | 14 | Supportive |
| Meta Platforms Inc. META | 14 | Supportive |
| T-Mobile US Inc. TMUS | 14 | Supportive |
| Datadog Inc. DDOG | 14 | Supportive |
| Amazon.com Inc. AMZN | 11 | Supportive |
| Eaton Corp. ETN | 10 | Supportive |
| Airbnb Inc. ABNB | 10 | Supportive |
| Delta Air Lines DAL | 9 | Supportive |
| Energy Transfer ET | 8 | Supportive |
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