3m Co (MMM)
Industrials · Industrial Conglomerates · US stock · S&P 500 component
$164.75
▼ -0.58 (0.35%)
Fair valueData under review
$119
$59fair band $71–$166$178
Day's range
$163.50 – $167.95
52-week range
$138.02 – $184.09
About 3m Co
3M is a diversified industrial and consumer products manufacturer built on materials science. It makes adhesives, abrasives, films, filtration products, safety equipment, electronics materials and everyday consumer brands such as Post-it and Scotch. Its customers include manufacturers, automakers, electronics firms, construction and safety customers, retailers and households. The company is organised around safety and industrial, transportation and electronics, and consumer businesses.
Money comes from supplying products across these industrial and consumer lines. Revenue is $25.2 billion over the last twelve months, with revenue growth over three years of -1.6% a year. The operating margin is 18.4%, and the business earns a profit of 28% on the capital invested in it. The company has net debt of 1.6 times EBITDA, and the dividend yield is 1.9%. On the site's X-Ray Score it receives 40 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $138.02 – $184.09Volume 2,556,500Daily, split-adjusted
Vitals
Market cap$86.1B
52-week range$138.02 – $184.09
Volume (last day)2,556,500
P/E (TTM)29.3
EBIT / EV yield4.8%
Free-cash-flow yield4.6%
Dividend yield1.9%
Revenue (TTM)$25.2B
Net income (TTM)$3.0B
Operating margin18.4%
Return on capital28.4%
Debt incl. leases$12.6B
Cash & securities$3.0B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$119model spread $103 – $130
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.57x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Earnings are far above the company's own 3-year history, so models would extrapolate a possible peak
Price $165
Undervalued < $71Fair $71 – $166Overvalued > $166
10-year DCF (market-scaled)
$167
Peer multiples
$92
Earnings power floor (not blended)
$10
Fundamentals-adjusted multiple
$97
Growth the price implies
16.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Valuation
Weak
44/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.8%
Free-cash-flow yield4.6%
Fair value vs price0.7×
Growth
Weak
18/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-1.6%
EPS growth (3y)-16.2%
Growth consistency70%
Profitability
Fair
60/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital28.4%
Operating margin18.4%
Gross profitability28.4%
Financial health
Weak
39/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA1.6×
Interest cover5.3×
Dividends
Weak
26/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.9%
Dividends vs free cash flow40%
Dividend growth-22.6%
Quarterly results: last 6 quarters
-1.0%
Mar '25
+1.4%
Jun '25
+3.5%
Sep '25
+2.0%
Dec '25
+1.3%
Mar '26
+2.5%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.5B, diluted EPS $1.78.
Compare with peers
HON Honeywell Internationa...55 DD DuPont de Nemours, Inc...18Other Industrial Conglomerates companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 6 Average · ● 6 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioAverage
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 47/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $35.4B | $26.2B | $24.6B | $24.6B | $24.9B |
| Operating income | $7.4B | $4.4B | −$10.7B | $4.8B | $4.6B |
| Net income | $5.9B | $5.8B | −$7.0B | $4.2B | $3.3B |
| Operating cash flow | $7.5B | $5.6B | $6.7B | $1.8B | $2.3B |
| Operating margin | 20.8% | 16.7% | -43.4% | 19.6% | 18.6% |
| Free cash flow | $5.9B | $3.8B | $5.1B | $638M | $1.4B |
| Diluted EPS | $10.12 | $10.18 | $-12.63 | $7.55 | $6.00 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
6 bullish · 4 neutral · 6 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 163.1 | Bullish |
| EMA 10 | 163.8 | Bullish |
| SMA 20 | 165.0 | Bearish |
| EMA 20 | 164.7 | Bullish |
| SMA 50 | 170.1 | Bearish |
| EMA 50 | 166.6 | Bearish |
| SMA 100 | 166.2 | Bearish |
| EMA 100 | 165.1 | Bearish |
| SMA 200 | 159.7 | Bullish |
| EMA 200 | 161.2 | Bullish |
Oscillators (daily)
| RSI (14) | 48.34 | Neutral |
| MACD (12, 26) | -1.41 | Bearish |
| Momentum (12) | 0.37 | Bullish |
| Stochastic %K (14) | 47.07 | Neutral |
| Williams %R (14) | -52.93 | Neutral |
| CCI (20) | 10.39 | Neutral |
Pivot points (classic, last session)
S3 158.4 | S2 161.0 | S1 162.9 | Pivot 165.4 | R1 167.3 | R2 169.9 | R3 171.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.07 USD
Yield on today's price
1.86%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 24 Aug 2026 | 0.7800 |
| 22 May 2026 | 0.7800 |
| 13 Feb 2026 | 0.7800 |
| 14 Nov 2025 | 0.7300 |
| 25 Aug 2025 | 0.7300 |
| 23 May 2025 | 0.7300 |
| 14 Feb 2025 | 0.7300 |
| 15 Nov 2024 | 0.7000 |
| 26 Aug 2024 | 0.7000 |
| 23 May 2024 | 0.7000 |
| 15 Feb 2024 | 1.5100 |
| 16 Nov 2023 | 1.5000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MMM SEC filings
10 Sep 2026
8-KSEC EDGAR
Other events
3 Sep 2026
424B5SEC EDGAR
424B5
19 Aug 2026
8-KSEC EDGAR
Entered a material agreement
21 Jul 2026
10-QSEC EDGAR
Quarterly report
21 Jul 2026
8-KSEC EDGAR
Results of operations
8 Jun 2026
8-KSEC EDGAR
Director or officer change
13 May 2026
8-KSEC EDGAR
Shareholder vote results
6 May 2026
8-KSEC EDGAR
Entered a material agreement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.