Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of 3M Co

MMM · NYSE · Healthcare

Fundamental quality

REASONABLE

60

out of 100

3M Co is a mature, stable business: it earns money solidly (net margin 11.9%) but grows slowly (-4.4% a year). On fundamental quality it scores 60 out of 100, profiling it as a company of reasonable quality. Its weakest area is its growth (revenue -4.4%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

3M is the thousand-product industrial conglomerate: adhesives, abrasives, medical supplies, Post-its. Years of multibillion-dollar litigation (military earplugs, PFAS chemicals) forced a deep restructuring and a dividend cut.

What will shape its future

  • The litigation hangover: committed payouts condition its cash for years.
  • The restructuring: fewer businesses, more focus, and proving innovation is back.
  • The global industrial cycle, its lifelong baseline demand.

Breakdown by area

I.Growth
15

EPS growth: -8.8% · Revenue growth: -4.4%

II.Profitability
82

Net margin: 11.9% · ROE: 101.5% · ROIC: 28.4%

III.Financial health
83

Net debt/EBITDA: 1.6x · FCF: 15.8%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 54%
ROEbeats 100%
Growthbeats 2%
Cash generationbeats 54%
Less debtbeats 64%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

3M Co strengths

  • Solid return on capital: its ROE (101.5%) is inflated by buybacks, but ROIC —which strips that out— is 28.4%.
  • Strong free-cash-flow generation (FCF margin of 15.8%): profit turns into real cash.
  • It has cut its net debt over the period.
  • Solid net margin (11.9%): the business is clearly profitable.

3M Co risks and weaknesses

  • Declining revenue (-4.4% annualized).
  • Declining earnings per share (-8.8% annualized).
  • Shrinking margins: net margin has fallen from 17% to 13% in recent years.

3M Co historical evolution

YearRevenueNet incomeFree cash flowNet debt
202032,1845,4496,61214,149
202135,3555,9215,85112,783
202226,1615,7773,84212,284
202324,610-6,9955,0658,307
202424,5754,1736387,444
202524,9483,2501,3967,367

Between 2020 and 2025, revenue went from $32,184M to $24,948M (-22%) and net income went from $5,449M to $3,250M (-40%). Meanwhile, its margins have narrowed (from 17% to 13%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+1.9%
  • Net income-13.8%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score5560
  • Net margin11.1%11.9%
  • ROE85.4%101.5%
  • FCF margin8.2%15.8%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$2.92

per share, yearly

48.1% of earnings

Payout

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is 3M Co cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is 3M Co a good company to invest in?

In terms of business quality, 3M Co scores 60 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is 3M Co a profitable company?

Yes. 3M Co shows a net margin of 11.9% and an ROE of 101.5%, a sign of a profitable business.

Does 3M Co have a lot of debt?

A moderate level: its net debt is 1.6 times its EBITDA.

Is 3M Co growing?

Its revenue has fallen 4.4% annualized in recent years.

Does 3M Co generate cash?

Yes. It converts about 15.8% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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