Stocks · Industrials · Conglomerates
3M Company MMM
$161.89 -0.69% Close, Oct 2, 2026 · NYSE · Market cap $83.49B
High qualityLow risk
Next earnings report: Oct 20, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +5.6%).
- The shares trade at 28.8× trailing earnings, higher than 88% of the company's own readings over the past five years.
- The stock is in an uptrend: above its 200-day average for 57 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth9Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 27%
- EPS growth (TTM, YoY)Bottom 26%
- Revenue growth, 3-year CAGRBottom 7%
- Revenue growth accelerationBottom 36%
Quality91Exceptional
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 13%
- Gross marginTop 25%
- Operating marginTop 14%
- Cash conversion (OCF / net income)Top 44%
- Accruals (lower is better)Top 38%
- Net debt / EBITDA (lower is better)Top 45%
- Interest coverTop 31%
Value45Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 36%
- Free-cash-flow yieldTop 33%
- EBITDA / enterprise valueBottom 48%
- Sales / enterprise valueBottom 30%
- P/E vs own 5-year history (lower is better)Bottom 19%
Momentum59Neutral
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 49%
- 6-month returnTop 38%
- 1-year return vs S&P 500Bottom 47%
- Distance from 52-week highTop 20%
- Trend checklist (0–4)Top 42%
Revisions55Neutral
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 48%
- Consecutive EPS beatsTop 5%
- Share of analysts rating BuyBottom 34%
- Upside to consensus price targetBottom 29%
Stability85Strong
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 11%
- Maximum drawdown, 3 yearsTop 1%
- Beta vs S&P 500 (lower is better)Bottom 48%
- Net debt / EBITDA (lower is better)Top 45%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 2.1% | 2.3% | ↑ |
| EPS growth (YoY) | -34.4% | -21.7% | ↑ |
| Gross margin | 40.6% | 39.4% | ↓ |
| Operating margin | 19.3% | 19.0% | ↓ |
| FCF margin | -8.1% | 15.8% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 2.3% | 2.1% | ↑ | Bottom 27% |
| EPS growth (TTM, YoY) | -21.7% | -34.4% | ↑ | Bottom 26% |
| Gross margin | 39.4% | 40.6% | ↓ | Top 25% |
| Operating margin | 19.0% | 19.3% | ↓ | Top 14% |
| Net margin | 11.9% | 16.0% | ↓ | — |
| Free-cash-flow margin | 15.8% | -8.1% | ↑ | — |
| Return on invested capital | 14.6% | — | Top 13% | |
| Revenue growth, 3-year CAGR | -10.0% | — | Bottom 7% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.63×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.4%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +2.1 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.76×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 7.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.42%
- Net buyback yield (TTM)
- 2.25%
- Shareholder yield
- 3.67%
- Share count change, 1 year
- -3.1%
- Share count change, 3-year CAGR
- -1.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 21, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +5.6%
- Average 2-day reaction, last 8
- +1.6%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $191.00
- Target vs current price
- +18.0%
- Analysts with a rating
- 33
- Share rating Buy or Strong Buy
- 48%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 21, 2026 | +6.7% | +7.3% | +12.0% | +13.3% | — |
| Apr 21, 2026 | +8.1% | -1.9% | -3.7% | +0.7% | +6.8% |
| Jan 20, 2026 | +1.7% | -7.0% | -4.9% | -0.1% | -9.9% |
| Oct 21, 2025 | +5.8% | +7.7% | +8.8% | +6.9% | +10.5% |
| Jul 18, 2025 | +7.5% | -3.7% | -6.1% | -1.5% | -6.5% |
| Apr 22, 2025 | +5.6% | +8.1% | +9.4% | +22.2% | +26.1% |
| Jan 21, 2025 | +0.6% | +4.2% | +7.4% | +5.6% | -4.1% |
| Oct 22, 2024 | +3.7% | -2.3% | -3.4% | -3.5% | +4.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 21, 2026 | $2.40 | $2.25 | +6.7% | $6.50B |
| Apr 21, 2026 | $2.14 | $1.98 | +8.1% | $6.00B |
| Jan 20, 2026 | $1.83 | $1.80 | +1.7% | $6.00B |
| Oct 21, 2025 | $2.19 | $2.07 | +5.8% | $6.52B |
| Jul 18, 2025 | $2.16 | $2.01 | +7.5% | $6.34B |
| Apr 22, 2025 | $1.88 | $1.78 | +5.6% | $5.95B |
| Jan 21, 2025 | $1.68 | $1.67 | +0.6% | $6.01B |
| Oct 22, 2024 | $1.98 | $1.91 | +3.7% | $6.29B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 28.8× | 16.6× | 88th | Top 36% |
| P/E (forward) | 18.1× | — | — | — |
| EV / EBITDA | 17.1× | — | — | Bottom 48% |
| EV / Sales | 3.70× | — | — | Bottom 30% |
| Free-cash-flow yield | 4.77% | — | — | Top 33% |
| Earnings yield | 3.48% | — | — | Top 36% |
P/E over the past five years
Range 8.6× – 75.2× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +3.8%
- Earnings per share growth (TTM)
- -21.7%
- Change in P/E multiple
- +42.3%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 57
- 50-day average slope (20 days)
- +1.0%
- 200-day average slope (20 days)
- -0.1%
- Distance from 50-day average
- -6.6%
- Distance from 200-day average
- +0.8%
- RSI (14)
- 37.0
- Relative volume
- 0.99×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.1%
- Volatility vs own 5-year history
- 42th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.08
- Correlation with S&P 500
- 0.57
- Current drawdown from 1-year high
- -11.9%
- Maximum drawdown, 3 years
- -19.1%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| May 10, 2021 | Oct 23, 2023 | -58.7% | 618 days | 576 days (Feb 10, 2026) |
| Feb 12, 2026 | Mar 20, 2026 | -19.1% | 25 days | 87 days (Jul 27, 2026) |
| Aug 12, 2026 | Oct 2, 2026 | -11.9% | 36 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $83.49B
- P/E (TTM)
- 28.8
- EPS, diluted (TTM)
- $5.63
- Revenue (TTM)
- $25.18B
- Dividend yield
- 1.90%
- 52-week range
- $139.34 – $184.90
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $35.35B | $34.23B | $24.61B | $24.57B | $24.95B |
| Gross profit | $16.61B | $14.97B | $9.57B | $10.08B | $9.87B |
| Operating income | $7.53B | $4.07B | $4.05B | $4.93B | $4.56B |
| Net income | $5.92B | $5.78B | -$7.00B | $4.17B | $3.25B |
| EPS (diluted) | $10.12 | $10.18 | -$12.63 | $7.55 | $6.00 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.29B | $6.01B | $5.95B | $6.34B | $6.52B | $6.13B | $6.03B | $6.50B |
| Net income | $1.37B | $728.0M | $1.12B | $723.0M | $834.0M | $577.0M | $653.0M | $933.0M |
| EPS (diluted) | $2.48 | $1.33 | $2.04 | $1.34 | $1.55 | $1.07 | $1.23 | $1.78 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $7.45B | $5.59B | $6.68B | $1.82B | $2.31B |
| Capital expenditure | -$1.60B | -$1.75B | -$1.61B | -$1.18B | -$910.0M |
| Free cash flow | $5.85B | $3.84B | $5.07B | $638.0M | $1.40B |
| Dividends paid | -$3.42B | -$3.37B | -$3.31B | -$1.98B | -$1.18B |
| Net share buybacks | -$2.20B | -$1.46B | -$33.0M | -$1.80B | -$4.47B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $3.33B
- Total assets
- $34.92B
- Total liabilities
- $31.92B
- Total debt
- $12.55B
- Net debt
- $9.60B
- Shareholders’ equity
- $2.95B
As of Jun 30, 2026 (filed Jul 21, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 24, 2026 | $0.78 | Sep 11, 2026 |
| May 22, 2026 | $0.78 | Jun 12, 2026 |
| Feb 13, 2026 | $0.78 | Mar 12, 2026 |
| Nov 14, 2025 | $0.73 | Dec 12, 2025 |
| Aug 25, 2025 | $0.73 | Sep 12, 2025 |
| May 23, 2025 | $0.73 | Jun 12, 2025 |
| Feb 14, 2025 | $0.73 | Mar 12, 2025 |
| Nov 15, 2024 | $0.70 | Dec 12, 2024 |
Short interest
- Shares sold short
- 9,984,335
- Days to cover
- 3.38
- Change vs previous report
- +8.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Sep 30, 2003
- 2-for-1
- Apr 11, 1994
- 2-for-1
- Jun 16, 1987
- 2-for-1
- Jun 16, 1972
- 2-for-1