3M CO (MMM) Stock Fundamental Analysis

NYSE:MMM • US88579Y1010

174.61 USD
+1.76 (+1.02%)
At close: Feb 12, 2026
175.25 USD
+0.64 (+0.37%)
After Hours: 2/12/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to MMM. MMM was compared to 7 industry peers in the Industrial Conglomerates industry. MMM scores excellent on profitability, but there are some minor concerns on its financial health. MMM is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year MMM was profitable.
  • MMM had a positive operating cash flow in the past year.
  • Of the past 5 years MMM 4 years were profitable.
  • Each year in the past 5 years MMM had a positive operating cash flow.
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.
  • Looking at the Return On Equity, with a value of 68.46%, MMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • MMM has a better Return On Invested Capital (13.64%) than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MMM is above the industry average of 8.00%.
  • The 3 year average ROIC (12.18%) for MMM is below the current ROIC(13.64%), indicating increased profibility in the last year.
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 better Profit Margin (13.03%) than 100.00% of its industry peers.
  • MMM's Profit Margin has declined in the last couple of years.
  • MMM has a Operating Margin of 19.29%. This is amongst the best in the industry. MMM outperforms 85.71% of its industry peers.
  • In the last couple of years the Operating Margin of MMM has declined.
  • MMM has a better Gross Margin (39.91%) than 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

  • MMM has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
  • The debt/assets ratio for MMM is higher compared to a year ago.
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.
  • Looking at the Debt to FCF ratio, with a value of 9.33, MMM belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • 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 in line with its industry peers.
Industry RankSector Rank
Debt/Equity 2.3
Debt/FCF 9.33
Altman-Z N/A
ROIC/WACC1.66
WACC8.23%
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

  • MMM has a Current Ratio of 1.71. This is a normal value and indicates that MMM is financially healthy and should not expect problems in meeting its short term obligations.
  • With an excellent Current ratio value of 1.71, MMM belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
  • A Quick Ratio of 1.33 indicates that MMM should not have too much problems paying its short term obligations.
  • MMM has a better Quick ratio (1.33) 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

  • MMM shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.00%.
  • 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.
  • The Revenue has been decreasing by -4.97% on average over the past years.
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

  • MMM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.78% yearly.
  • Based on estimates for the next years, MMM will show a small growth in Revenue. The Revenue will grow by 3.91% on average per year.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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

  • With a Price/Earnings ratio of 21.66, MMM is valued on the expensive side.
  • Based on the Price/Earnings ratio, MMM is valued cheaper than 85.71% 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 27.67.
  • A Price/Forward Earnings ratio of 19.99 indicates a rather expensive valuation of MMM.
  • Based on the Price/Forward Earnings ratio, MMM is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
  • MMM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.69, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 21.66
Fwd PE 19.99
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 the industry average as 71.43% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 68.71
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 an expensive valuation of the company.
  • The excellent profitability rating of MMM may justify a higher PE ratio.
PEG (NY)2.59
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%. Purely for dividend investing, there may be better candidates out there.
  • MMM's Dividend Yield is a higher than the industry average which is at 4.52.
  • Compared to an average S&P500 Dividend Yield of 1.80, MMM has a dividend comparable with the average S&P500 company.
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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Find the best dividend stocksShow peers with best dividend

3M CO

NYSE:MMM (2/12/2026, 8:04:00 PM)

After market: 175.25 +0.64 (+0.37%)

174.61

+1.76 (+1.02%)

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 Cap92.76B
Revenue(TTM)24.95B
Net Income(TTM)3.25B
Analysts75.65
Price Target176.62 (1.15%)
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 21.66
Fwd PE 19.99
P/S 3.72
P/FCF 68.71
P/OCF 41.04
P/B 19.54
P/tB N/A
EV/EBITDA N/A
EPS(TTM)8.06
EY4.62%
EPS(NY)8.73
Fwd EY5%
FCF(TTM)2.54
FCFY1.46%
OCF(TTM)4.25
OCFY2.44%
SpS46.96
BVpS8.94
TBVpS-5.22
PEG (NY)2.59
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
WACC8.23%
ROIC/WACC1.66
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 21.66 and the Price/Book (PB) ratio is 19.54.


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.