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3M Co.
MMMIndustrialsGenerated Jul 5, 2026, 08:12 PM UTC
MMM (3M Co.) analytical snapshot. Revenue declined +5.9% YoY to $24.61B. Net margin at -28.42% (contracting ▼). Return on equity -182.07%, ROA -17.55%, ROIC -63.30%. Market cap $83.68B at $160.44 per share. FCF DCF intrinsic value ≈ $167.05 → implied upside +4.1%. DCF assumptions: Base FCF $5.07B; Stage-1 growth 8.00% for 5y; Terminal growth 2.50%; Discount rate 10.00%. Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -23 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$83.68B
521.57M shares
Price
$160.44
NYQ
P/E (ttm)
—
Revenue (FY)
$24.61B
YoY -5.9%
Net margin
-28.42%
▼ 45.35pp
Free cash flow
$5.07B
20.58% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -80Deteriorating
80% conf
Revenue declined +5.9% YoY to $24.61B. Net margin at -28.42% (contracting ▼). Return on equity -182.07%, ROA -17.55%, ROIC -63.30%.
- Revenue declined +5.9% YoY to $24.61B.
- Net margin at -28.42% (contracting ▼).
- Return on equity -182.07%, ROA -17.55%, ROIC -63.30%.
- Gross margin 0.00%, operating margin -43.43%.
- Free cash flow margin 20.58% ($5.07B).
- Net income down ▼ +221.1% YoY.
- Debt/equity 3.86, current ratio 1.59, net debt $10.43B.
- Asset turnover 0.69 — capital efficiency.
Revenue (FY)
$24.61B
YoY -5.9%
Net margin
-28.42%
▼ 45.35pp
ROE
-182.07%
ROA -17.55%
ROIC
-63.30%
EPS (diluted)
$-12.63
FY2025
Free cash flow
$5.07B
20.58% margin
Debt / equity
3.86
Cash $2.17B
Current ratio
1.59
Equity $3.26B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | — | — | — | — | — | — | 43.36 |
| 2017 | — | — | — | — | — | $4.96B | 46.93 |
| 2018 | $30.11B | — | 0.00 | 23.34 | 16.77 | $5.24B | 43.67 |
| 2019 | $31.66B | +5.1% | 0.00 | 24.30 | 15.35 | $4.87B | 49.59 |
| 2020 | $32.77B | +3.5% | 0.00 | 22.00 | 16.33 | $4.86B | 53.16 |
| 2021 | $32.14B | -1.9% | 0.00 | 19.21 | 14.06 | $5.37B | 35.11 |
| 2022 | $32.18B | +0.1% | 0.00 | 22.25 | 16.93 | $6.61B | 36.22 |
| 2023 | $35.35B | +9.9% | 0.00 | 20.84 | 16.75 | $5.85B | 40.22 |
| 2024 | $26.16B | -26.0% | 0.00 | 16.70 | 22.08 | $3.84B | 120.18 |
| 2025 | $24.61B | -5.9% | 0.00 | -43.43 | -28.42 | $5.07B | -182.07 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2025 | $5.95B | -25.6% | — | 18.74% |
| Jun 30, 2025 | $12.30B | +0.2% | +106.6% | 14.95% |
| Jun 30, 2025 | $6.34B | -48.3% | -48.4% | 28.99% |
| Sep 30, 2025 | $18.82B | +1.3% | +196.6% | 14.21% |
| Sep 30, 2025 | $6.52B | -64.9% | -65.4% | 41.02% |
| Mar 31, 2026 | $6.03B | +1.3% | -7.5% | 10.83% |
Revenue (annual, SEC 10-K)
2016: 0
2017: 0
2018: 30,109
2019: 31,657
2020: 32,765
2021: 32,136
2022: 32,184
2023: 35,355
2024: 26,161
2025: 24,610
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 0
2017: 4,959
2018: 5,242
2019: 4,867
2020: 4,862
2021: 5,371
2022: 6,612
2023: 5,851
2024: 3,842
2025: 5,065
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 3, 2026. Latest quarterly report (10-Q) filed Apr 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 Apr 21, 2026.
- 10 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~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.
Latest 10-K
Feb 3, 2026
Annual report
Latest 10-Q
Apr 21, 2026
8-K (recent)
10
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| 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 | May 7, 2004 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| 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 |
| Oct 21, 2025 | 8-K | 8-K |
| Aug 15, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -49Deteriorating
70% conf
3 risk signal(s), 1 watch item(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 0 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Going concern doubt: The term "going concern" appears in 23 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Material weakness in internal controls: The term "material weakness" appears in 19 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 5 filing(s).
- R&D intensity declining: R&D as % of revenue fell from 4.6% to 3.3%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: 3 risk signal(s) detected versus 0 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 4 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Restatement of financial statements.
- Ongoing high-severity risk language: Going concern doubt, Material weakness in internal controls.
Revenue
$24.61B
-5.9% YoY
Operating income
$-10.69B
-344.7% YoY
Net income
$-7.00B
-221.1% YoY
Operating cash flow
$6.68B
+19.5% YoY
Capex
$1.61B
-7.7% YoY
Total assets
$39.87B
-21.2% YoY
Total liabilities
$35.97B
-21.3% YoY
Long-term debt
$13.04B
-8.4% YoY
Filing quality score
78/100
4 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $26.16B | $24.61B | $-1.55B | -5.9% |
| Operating income | $4.37B | $-10.69B | $-15.06B | -344.7% |
| Net income | $5.78B | $-7.00B | $-12.77B | -221.1% |
| Operating cash flow | $5.59B | $6.68B | $1.09B | +19.5% |
| Capex | $1.75B | $1.61B | $-134.0M | -7.7% |
| Total assets | $50.58B | $39.87B | $-10.71B | -21.2% |
| Total liabilities | $45.71B | $35.97B | $-9.74B | -21.3% |
| Long-term debt | $14.24B | $13.04B | $-1.20B | -8.4% |
| Cash & equivalents | $2.88B | $2.58B | $-302.0M | -10.5% |
| Stockholders equity | $4.81B | $3.84B | $-965.0M | -20.1% |
| Inventory | $3.94B | $3.70B | $-246.0M | -6.2% |
| Accounts receivable | $3.60B | $3.19B | $-407.0M | -11.3% |
| R&D expense | $1.20B | $800.0M | $-400.0M | -33.3% |
| SG&A expense | $7.23B | $19.20B | $11.97B | +165.5% |
| Interest expense | $529.0M | $488.0M | $-41.0M | -7.8% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | InsuranceSettlementsReceivable, MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments, MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments, MarketableSecuritiesUnrealizedGainLoss |
| Removed | AccruedIncomeTaxesCurrent, AdvertisingExpense, AllocatedShareBasedCompensationExpense, AllocatedShareBasedCompensationExpenseNetOfTax, AssetImpairmentCharges, AssetRetirementObligation, AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 23 | 2 | Ongoing |
| Material weakness in internal controls | high | 19 | 2 | Ongoing |
| Restatement of financial statements | high | 5 | 0 | NEW |
| Impairment charge | medium | 49 | 3 | Ongoing |
| Restructuring | medium | 155 | 9 | Ongoing |
| Off-balance sheet arrangements | medium | 31 | 2 | Ongoing |
| Related party transactions | low | 34 | 3 | Ongoing |
Filing signal breakdown
Red flags: 3
Positive: 0
Watch: 1
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $83.68B at $160.44 per share.
- ProPrice & TechnicalsPrice $160.44 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Moderate.
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3 sections free · 4 Pro sections locked · composite -23
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.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewPrice $160.44 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow MMM stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
| Pinterest Inc. PINS | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Microchip Technology MCHP | 3 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| MercadoLibre Inc. MELI | -1 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| Applied Materials Inc. AMAT | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Energy Transfer ET | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
| Phillips 66 PSX | -4 | Supportive |
| United Airlines Holdings UAL | -5 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Alibaba Group BABA | -5 | Supportive |
| Comcast Corp. CMCSA | -6 | Supportive |
| TJX Cos. TJX | -6 | Supportive |
| Starbucks Corp. SBUX | -6 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| Workday Inc. WDAY | -7 | Supportive |
| McDonald's Corp. MCD | -7 | Supportive |
| Micron Technology MU | -8 | Supportive |
| CF Industries CF | -8 | Supportive |
| Lam Research Corp. LRCX | -8 | Supportive |
| Albemarle Corp. ALB | -8 | Supportive |
| Delta Air Lines DAL | -8 | Supportive |
| Yum Brands Inc. YUM | -8 | Supportive |
| Linde plc LIN | -9 | Supportive |
| Home Depot Inc. HD | -10 | Supportive |
| Sherwin-Williams SHW | -10 | Supportive |
| Chipotle Mexican Grill CMG | -10 | Supportive |
| Old Dominion Freight ODFL | -10 | Supportive |
| Salesforce Inc. CRM | -11 | Supportive |
| Netflix Inc. NFLX | -12 | Supportive |
| Union Pacific Corp. UNP | -12 | Supportive |
| Norfolk Southern NSC | -13 | Supportive |
| Air Products & Chemicals APD | -13 | Supportive |
| Exxon Mobil Corp. XOM | -14 | Supportive |
| Palo Alto Networks PANW | -14 | Supportive |
| Royal Caribbean Group RCL | -15 | Supportive |
| Apple Inc. AAPL | -15 | Supportive |
| ConocoPhillips COP | -15 | Supportive |
| Zscaler Inc. ZS | -15 | Supportive |
| Occidental Petroleum OXY | -15 | Supportive |
| Devon Energy DVN | -16 | Supportive |
| Kinder Morgan KMI | -16 | Supportive |
| Cisco Systems Inc. CSCO | -16 | Supportive |
| CSX Corp. CSX | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
| Walt Disney Co. DIS | -17 | Supportive |
| Dow Inc. DOW | -17 | Supportive |
| ON Semiconductor Corp. ON | -18 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
| CrowdStrike Holdings CRWD | -18 | Supportive |
| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Dollar General Corp. DG | -20 | Supportive |
| Eaton Corp. ETN | -22 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -22 | Supportive |
| 3M Co. MMM● you | -23 | Supportive |
| Lowe's Cos. LOW | -24 | Supportive |
| Texas Instruments TXN | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Marvell Technology MRVL | -29 | Supportive |
| Intel Corp. INTC | -31 | Supportive |
| Verizon Communications VZ | -31 | Supportive |
| ServiceNow Inc. NOW | -33 | Supportive |
| Newmont Corp. NEM | -34 | Supportive |
| Autodesk Inc. ADSK | -34 | Supportive |
| Broadcom Inc. AVGO | -35 | Supportive |
| Spotify Technology SPOT | — | Supportive |