Stocktoria

3M CO MMM

NYSE · stock · Surgical & Medical Instruments & Apparatus · website · IPO 1946-01-14 · LEI

3M CO statistics & valuation

Market cap$85.5B
P / E26.3×
P / S3.4×
P / B18.0×
P / FCF61.3×
Dividend yield1.83%
Net margin13.0%
Return on equity68.5%
FCF margin5.6%
Net debt$12.6B
Net debt / EBITDA2.1×
Enterprise value USD$98.1B
EV / EBITDA16.5×
Earnings yield EBIT/EV4.7%
Return on capital16.5%
Graham number -81.3%$34.41

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($34.41); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
16.80% 15.30% 16.30% 14.10% 16.90% 16.70% 22.10% -28.40% 17.00% 13.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
23.30% 24.30% 22.00% 19.20% 22.30% 20.80% 16.70% -43.40% 19.60% 18.60% 2016201720182019202020212022202320242025
Return on equity (%)
48.80% 41.80% 54.30% 44.60% 42.10% 39.20% 39.10% -143.70% 107.20% 68.50% 2016201720182019202020212022202320242025
Shares outstanding
618.7M 612.7M 602.0M 585.1M 582.2M 585.3M 567.6M 553.9M 552.4M 541.3M 2016201720182019202020212022202320242025
Net debt ($)
$9.08B $13.20B $14.16B $19.36B $18.78B $17.35B $15.94B $14.24B $13.04B $12.60B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
15.30% 12.80% 14.70% 10.10% 11.50% 12.60% 12.40% -13.80% 10.50% 8.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
17.40% 15.40% 14.80% 16.70% 20.50% 16.50% 14.70% 20.60% 2.60% 5.60% 2016201720182019202020212022202320242025
Debt / equity (×)
1.11× 1.14× 1.44× 1.91× 1.45× 1.15× 1.08× 2.93× 3.35× 2.65× 2016201720182019202020212022202320242025
EPS ($)
$8.16 $7.93 $8.89 $7.72 $9.36 $10.12 $10.18 -$12.63 $7.55 $6.00 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

3M CO trades at about 30.6× earnings — above its 10-year norm (10-year range 9.5×–26.4×, median 17.9×).

9.5× 30.6×

Shaded band = 10-year range (9.5×–26.4×); dot = today's 30.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin18.6%19.6%-43.4%16.7%20.8%22.3%19.2%22.0%24.3%23.3%
Net margin13.0%17.0%-28.4%22.1%16.7%16.9%14.1%16.3%15.3%16.8%
FCF margin5.6%2.6%20.6%14.7%16.5%20.5%16.7%14.8%15.4%17.4%
Return on assets8.6%10.5%-13.8%12.4%12.6%11.5%10.1%14.7%12.8%15.3%
Return on equity68.5%107.2%-143.7%39.1%39.2%42.1%44.6%54.3%41.8%48.8%
Debt / equity2.65×3.35×2.93×1.08×1.15×1.45×1.91×1.44×1.14×1.11×
Current ratio1.711.411.071.541.701.891.411.891.861.89

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.