3M CO (MMM) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MMM • US88579Y1010

172.65 USD
+7.57 (+4.59%)
At close: Feb 6, 2026
172.13 USD
-0.52 (-0.3%)
After Hours: 2/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall MMM gets a fundamental rating of 5 out of 10. We evaluated MMM against 7 industry peers in the Industrial Conglomerates industry. MMM has an excellent profitability rating, but there are some minor concerns on its financial health. MMM has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • MMM had positive earnings in the past year.
  • In the past year MMM had a positive cash flow from operations.
  • MMM had positive earnings in 4 of the past 5 years.
  • MMM had a positive operating cash flow in each of the past 5 years.
MMM Yearly Net Income VS EBIT VS OCF VS FCFMMM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • The Return On Assets of MMM (8.61%) is better than 100.00% of its industry peers.
  • With an excellent Return On Equity value of 68.46%, MMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • The Return On Invested Capital of MMM (13.64%) is better than 100.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for MMM is above the industry average of 8.00%.
  • The last Return On Invested Capital (13.64%) for MMM is above the 3 year average (12.18%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 8.61%
ROE 68.46%
ROIC 13.64%
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.52%
ROE(5y)22.03%
ROIC(3y)12.18%
ROIC(5y)11.3%
MMM Yearly ROA, ROE, ROICMMM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100

1.3 Margins

  • MMM has a Profit Margin of 13.03%. This is amongst the best in the industry. MMM outperforms 100.00% of its industry peers.
  • In the last couple of years the Profit Margin of MMM has declined.
  • MMM has a better Operating Margin (19.29%) than 85.71% of its industry peers.
  • MMM's Operating Margin has declined in the last couple of years.
  • MMM has a Gross Margin of 39.91%. This is amongst the best in the industry. MMM outperforms 100.00% of its industry peers.
  • In the last couple of years the Gross Margin of MMM has declined.
Industry RankSector Rank
OM 19.29%
PM (TTM) 13.03%
GM 39.92%
OM growth 3Y36.93%
OM growth 5Y-2.37%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
MMM Yearly Profit, Operating, Gross MarginsMMM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MMM is still creating some value.
  • MMM has less shares outstanding than it did 1 year ago.
  • MMM has less shares outstanding than it did 5 years ago.
  • MMM has a worse debt/assets ratio than last year.
MMM Yearly Shares OutstandingMMM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
MMM Yearly Total Debt VS Total AssetsMMM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.2 Solvency

  • The Debt to FCF ratio of MMM is 9.33, which is on the high side as it means it would take MMM, 9.33 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MMM (9.33) is better than 85.71% of its industry peers.
  • A Debt/Equity ratio of 2.30 is on the high side and indicates that MMM has dependencies on debt financing.
  • MMM has a Debt to Equity ratio (2.30) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Altman-Z N/A
ROIC/WACC1.65
WACC8.26%
MMM Yearly LT Debt VS Equity VS FCFMMM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.71 indicates that MMM should not have too much problems paying its short term obligations.
  • MMM has a Current ratio of 1.71. This is amongst the best in the industry. MMM outperforms 85.71% of its industry peers.
  • MMM has a Quick Ratio of 1.33. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
  • The Quick ratio of MMM (1.33) is better than 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 1.71
Quick Ratio 1.33
MMM Yearly Current Assets VS Current LiabilitesMMM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 1.00% over the past year.
  • The Earnings Per Share has been decreasing by -1.63% on average over the past years.
  • Looking at the last year, MMM shows a small growth in Revenue. The Revenue has grown by 1.52% in the last year.
  • MMM shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.97% yearly.
EPS 1Y (TTM)1%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%8.93%
Revenue 1Y (TTM)1.52%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.7%

3.2 Future

  • Based on estimates for the next years, MMM will show a small growth in Earnings Per Share. The EPS will grow by 5.78% on average per year.
  • The Revenue is expected to grow by 3.91% on average over the next years.
EPS Next Y8.36%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
EPS Next 5Y5.78%
Revenue Next Year3.42%
Revenue Next 2Y3.31%
Revenue Next 3Y3.13%
Revenue Next 5Y3.91%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MMM Yearly Revenue VS EstimatesMMM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B
MMM Yearly EPS VS EstimatesMMM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.42 indicates a rather expensive valuation of MMM.
  • Based on the Price/Earnings ratio, MMM is valued a bit cheaper than 71.43% of the companies in the same industry.
  • MMM's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.93.
  • A Price/Forward Earnings ratio of 19.77 indicates a rather expensive valuation of MMM.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MMM indicates a somewhat cheap valuation: MMM is cheaper than 71.43% of the companies listed in the same industry.
  • MMM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.42
Fwd PE 19.77
MMM Price Earnings VS Forward Price EarningsMMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, MMM is valued a bit cheaper than 71.43% of the companies in the same industry.
Industry RankSector Rank
P/FCF 67.94
EV/EBITDA N/A
MMM Per share dataMMM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMM does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of MMM may justify a higher PE ratio.
PEG (NY)2.56
PEG (5Y)N/A
EPS Next 2Y8.58%
EPS Next 3Y7.86%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • MMM has a Yearly Dividend Yield of 1.89%.
  • MMM's Dividend Yield is a higher than the industry average which is at 4.52.
  • MMM's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.89%

5.2 History

  • The dividend of MMM decreases each year by -8.82%.
  • MMM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-8.82%
Div Incr Years0
Div Non Decr Years0
MMM Yearly Dividends per shareMMM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

DP0%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
MMM Yearly Income VS Free CF VS DividendMMM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B 6B -6B

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3M CO

NYSE:MMM (2/6/2026, 8:04:00 PM)

After market: 172.13 -0.52 (-0.3%)

172.65

+7.57 (+4.59%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryIndustrial Conglomerates
Earnings (Last)01-20
Earnings (Next)04-20
Inst Owners74.31%
Inst Owner Change-1.41%
Ins Owners0.03%
Ins Owner Change4.9%
Market Cap91.72B
Revenue(TTM)24.95B
Net Income(TTM)3.25B
Analysts75.65
Price Target176.62 (2.3%)
Short Float %1.4%
Short Ratio2.26
Dividend
Industry RankSector Rank
Dividend Yield 1.89%
Yearly Dividend3.63
Dividend Growth(5Y)-8.82%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.6%
Min EPS beat(2)0.72%
Max EPS beat(2)4.49%
EPS beat(4)4
Avg EPS beat(4)4.2%
Min EPS beat(4)0.72%
Max EPS beat(4)6.18%
EPS beat(8)8
Avg EPS beat(8)5.76%
EPS beat(12)12
Avg EPS beat(12)9.27%
EPS beat(16)15
Avg EPS beat(16)7.77%
Revenue beat(2)1
Avg Revenue beat(2)-0.32%
Min Revenue beat(2)-0.73%
Max Revenue beat(2)0.1%
Revenue beat(4)1
Avg Revenue beat(4)-0.38%
Min Revenue beat(4)-0.73%
Max Revenue beat(4)0.1%
Revenue beat(8)3
Avg Revenue beat(8)-0.15%
Revenue beat(12)4
Avg Revenue beat(12)-1.84%
Revenue beat(16)5
Avg Revenue beat(16)-7.71%
PT rev (1m)1.89%
PT rev (3m)2.07%
EPS NQ rev (1m)-0.7%
EPS NQ rev (3m)-0.22%
EPS NY rev (1m)0.03%
EPS NY rev (3m)0.06%
Revenue NQ rev (1m)-0.31%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 21.42
Fwd PE 19.77
P/S 3.68
P/FCF 67.94
P/OCF 40.58
P/B 19.32
P/tB N/A
EV/EBITDA N/A
EPS(TTM)8.06
EY4.67%
EPS(NY)8.73
Fwd EY5.06%
FCF(TTM)2.54
FCFY1.47%
OCF(TTM)4.25
OCFY2.46%
SpS46.96
BVpS8.94
TBVpS-5.22
PEG (NY)2.56
PEG (5Y)N/A
Graham Number40.26
Profitability
Industry RankSector Rank
ROA 8.61%
ROE 68.46%
ROCE 17.1%
ROIC 13.64%
ROICexc 17.28%
ROICexgc 26.14%
OM 19.29%
PM (TTM) 13.03%
GM 39.92%
FCFM 5.41%
ROA(3y)1.75%
ROA(5y)6.05%
ROE(3y)10.52%
ROE(5y)22.03%
ROIC(3y)12.18%
ROIC(5y)11.3%
ROICexc(3y)15.69%
ROICexc(5y)13.95%
ROICexgc(3y)26.61%
ROICexgc(5y)26.21%
ROCE(3y)15.47%
ROCE(5y)14.28%
ROICexgc growth 3Y37.38%
ROICexgc growth 5Y-7.15%
ROICexc growth 3Y53.86%
ROICexc growth 5Y1.26%
OM growth 3Y36.93%
OM growth 5Y-2.37%
PM growth 3Y-16.13%
PM growth 5Y-5.11%
GM growth 3Y0.43%
GM growth 5Y-3.86%
F-Score5
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 3.65%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 41.54%
Current Ratio 1.71
Quick Ratio 1.33
Altman-Z N/A
F-Score5
WACC8.26%
ROIC/WACC1.65
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)5.01%
Cap/Sales(5y)5.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1%
EPS 3Y-7.24%
EPS 5Y-1.63%
EPS Q2Q%8.93%
EPS Next Y8.36%
EPS Next 2Y8.58%
EPS Next 3Y7.86%
EPS Next 5Y5.78%
Revenue 1Y (TTM)1.52%
Revenue growth 3Y-1.57%
Revenue growth 5Y-4.97%
Sales Q2Q%3.7%
Revenue Next Year3.42%
Revenue Next 2Y3.31%
Revenue Next 3Y3.13%
Revenue Next 5Y3.91%
EBIT growth 1Y-3.93%
EBIT growth 3Y34.78%
EBIT growth 5Y-7.22%
EBIT Next Year31.09%
EBIT Next 3Y12.37%
EBIT Next 5Y10.54%
FCF growth 1Y111.6%
FCF growth 3Y-29.43%
FCF growth 5Y-27.22%
OCF growth 1Y24.24%
OCF growth 3Y-26.06%
OCF growth 5Y-22.56%

3M CO / MMM FAQ

What is the ChartMill fundamental rating of 3M CO (MMM) stock?

ChartMill assigns a fundamental rating of 5 / 10 to MMM.


What is the valuation status of 3M CO (MMM) stock?

ChartMill assigns a valuation rating of 4 / 10 to 3M CO (MMM). This can be considered as Fairly Valued.


Can you provide the profitability details for 3M CO?

3M CO (MMM) has a profitability rating of 8 / 10.


What is the valuation of 3M CO based on its PE and PB ratios?

The Price/Earnings (PE) ratio for 3M CO (MMM) is 21.42 and the Price/Book (PB) ratio is 19.32.


What is the expected EPS growth for 3M CO (MMM) stock?

The Earnings per Share (EPS) of 3M CO (MMM) is expected to grow by 8.36% in the next year.