MMM 3M

XNYS Up Alert

Industrials

· How we analyze

About the company

3M is a US conglomerate for industrial and consumer products. It is known for Post-it notes, Scotch tape and respirators. Other areas are abrasives, adhesives, films, electronic materials and workplace safety; the healthcare division was spun off as Solventum in 2024. As of Oct 11, 2026

Fact sheet (from the annual report) Medical instruments · St Paul, USA

The diversified technology company 3M divides its business into the segments Safety and Industrial, Transportation and Electronics, and Consumer. Safety and Industrial comprises abrasives, structural adhesives and tapes as well as respiratory, hearing, eye and fall protection. Transportation and Electronics supplies reflective traffic signs, materials for semiconductor manufacturing and solutions for data centers. The consumer segment offers household cleaners, picture hanging products as well as bandages, wraps and supports.

Automatically summarized from SEC annual report (10-K, filed Feb 3, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today −0.4%
  • 7 days +6.7%
  • 30 days +1.9%
  • 1 year +2.6%
Day range (last trading day)
−0.5%Price at 22% of the range+1.6%
52-week range
−19.4%Price at 73% of the range+7.0%
Distance from the all-time high
−20.4%

Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Pullback in trend · Analysis method

This method currently detects no pattern for MMM. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? In an intact uptrend (price above the 200-day line, 50-day line rising), the price pulls back to the 50-day line after a rise and closes back above it.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

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Symbol on TradingView: NYSE:MMM

Fundamental analysis

3M · Sector Industrials · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 3, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality Profitability, consistency, balance sheet 4 of 8 criteria met Growth Revenue and earnings per share 1 of 7 criteria met Dividend Level, consistency, coverage 4 of 7 criteria met Financial strength Piotroski, debt, liquidity 4 of 6 criteria met

Quality 4 of 8 met

  • not met: Gross margin above 40% 39.9%
  • met: Operating margin above 15% 18.6%
  • met: Net margin above 10% 13.0%
  • met: Return on equity above 15% 69.1%
  • not met: Free cash flow margin above 10% 5.6%
  • not met: Profit in each of the last 5 fiscal years 4 of 5
  • met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
  • not met: Equity ratio above 30% 12.5%
Gross margin

39.9% Fiscal year 2025

Rank 34 of 100: higher than 34% of 153 peers (All). medium.

Rank 75 of 100: higher than 75% of 22 peers (Sector). strong.

Median Industrials: 35.4%

Share of revenue left after the direct cost of the products sold.

Operating margin

18.6% Fiscal year 2025

Rank 55 of 100: higher than 55% of 192 peers (All). medium.

Rank 73 of 100: higher than 73% of 28 peers (Sector). strong.

Median Industrials: 10.4%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

13.0% Fiscal year 2025

Rank 49 of 100: higher than 49% of 237 peers (All). medium.

Rank 51 of 100: higher than 51% of 34 peers (Sector). medium.

Median Industrials: 12.9%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

69.1% Fiscal year 2025

Rank 92 of 100: higher than 92% of 218 peers (All). strong.

Rank 86 of 100: higher than 86% of 32 peers (Sector). strong.

Median Industrials: 26.3%

Net income divided by equity at fiscal year end.

Return on assets

8.6% Fiscal year 2025 (total assets at year end)

Rank 66 of 100: higher than 66% of 238 peers (All). medium.

Rank 63 of 100: higher than 63% of 34 peers (Sector). medium.

Median Industrials: 7.5%

Net income divided by total assets at fiscal year end.

Equity ratio

12.5% Fiscal year 2025

Rank 18 of 100: higher than 18% of 239 peers (All). weak.

Rank 13 of 100: higher than 13% of 34 peers (Sector). weak.

Median Industrials: 33.2%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

5.6% Fiscal year 2025

Rank 29 of 100: higher than 29% of 213 peers (All). weak.

Rank 27 of 100: higher than 27% of 32 peers (Sector). weak.

Median Industrials: 10.5%

Free cash flow divided by revenue.

Free cash flow

1.4B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 1 of 7 met

  • not met: Over 3 years, revenue grew by more than 5% per year −10.0%
  • not met: Over 5 years, revenue grew by more than 5% per year −5.0%
  • not met: Over 10 years, revenue grew by more than 5% per year −1.9%
  • not met: Over 3 years, EPS grew by more than 5% per year −16.2%
  • not met: Over 5 years, EPS grew by more than 5% per year −8.3%
  • not met: Revenue rose in at least 4 of the last 5 fiscal years 2 of 5
  • met: Revenue rose in the last fiscal year +1.5%
Revenue growth 3 years

−10.0% per year

Rank 5 of 100: higher than 5% of 230 peers (All). weak.

Rank 5 of 100: higher than 5% of 32 peers (Sector). weak.

Median Industrials: +8.5%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

−5.0% per year

Rank 3 of 100: higher than 3% of 217 peers (All). weak.

Rank 5 of 100: higher than 5% of 30 peers (Sector). weak.

Median Industrials: +9.2%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

−1.9% per year

Rank 4 of 100: higher than 4% of 157 peers (All). weak.

Rank 17 of 100: higher than 17% of 21 peers (Sector). weak.

Median Industrials: +4.5%

Average growth per year over 10 fiscal years.

EPS growth 3 years

−16.2% per year

Rank 12 of 100: higher than 12% of 157 peers (All). weak.

Rank 7 of 100: higher than 7% of 23 peers (Sector). weak.

Median Industrials: +10.7%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 5 years

−8.3% per year

Rank 4 of 100: higher than 4% of 146 peers (All). weak.

Rank 2 of 100: higher than 2% of 21 peers (Sector). weak.

Median Industrials: +13.7%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

−2.3% per year

Rank 8 of 100: higher than 8% of 140 peers (All). weak.

Rank 17 of 100: higher than 17% of 21 peers (Sector). weak.

Median Industrials: +8.1%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 4 of 7 met

  • met: Pays a dividend 2.92 USD
  • met: Payout ratio at most 60% of earnings 49%
  • met: Dividend paid in each of the last 5 fiscal years 5 of 5
  • not met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. 2 times
  • not met: Dividend per share higher than 5 years ago −13.1%
  • not met: Free cash flow per share covers the dividend 0.9x
  • met: Dividends paid over the last 5 years covered by free cash flow 81% of free cash flow
Payout ratio

49% Fiscal year 2025

Dividend per share divided by earnings per share.

Dividend growth 5 years

−13.1% per year

Rank 0 of 100: higher than 0% of 118 peers (All). weak.

Rank 3 of 100: higher than 3% of 20 peers (Sector). weak.

Median Industrials: +7.7%

Growth of the dividend per share per year.

Free cash flow coverage

0.9x Fiscal year 2025

Free cash flow per share divided by dividend per share. From 1x the dividend is covered.

Financial strength 4 of 6 met

  • not met: Piotroski F-Score at least 7 of 9 5 of 9
  • not met: Long-term debt no higher than equity 2.68
  • met: Current assets cover current liabilities 1.71
  • met: Positive equity 4.7B USD
  • met: In 5 years, share count up by at most 5% −7.0%
  • met: Free cash flow positive in the last fiscal year 1.4B USD
Piotroski F-Score

5 of 9 Fiscal year 2025

Rank 21 of 100: higher than 21% of 134 peers (All). weak.

Rank 13 of 100: higher than 13% of 20 peers (Sector). weak.

Median Industrials: 6.0 of 9

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

2.68 at fiscal year end

Rank 7 of 100: lower than 7% of 199 peers (All). weak.

Rank 11 of 100: lower than 11% of 32 peers (Sector). weak.

Median Industrials: 0.62

Long-term financial debt divided by equity.

Liquidity (current ratio)

1.71 at fiscal year end

Rank 63 of 100: higher than 63% of 215 peers (All). medium.

Rank 80 of 100: higher than 80% of 33 peers (Sector). strong.

Median Industrials: 1.22

Current assets divided by current liabilities.

Change in share count

−7.0% in 5 years

Rank 70 of 100: lower than 70% of 199 peers (All). strong.

Rank 67 of 100: lower than 67% of 29 peers (Sector). strong.

Median Industrials: −5.4%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • not met: Return on assets higher than the prior year
  • not met: Operating cash flow higher than net income
  • not met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • not met: Gross margin higher than the prior year
  • met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light red: Revenue shrank over 5 years (−5.0% per year).
  • Light red: Net income (total) shrank over 5 years (−9.6% per year); per share −8.3% per year.
  • Light green: Net margin 13.0%, above the sector median (11.1%).
  • Light red: Debt much higher than usual in the sector.
  • Light yellow: Profit in 9 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 30.1B USD · Net income 5.1B USD · Net margin 16.8%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 31.7B USD · Net income 4.9B USD · Net margin 15.3%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 32.8B USD · Net income 5.3B USD · Net margin 16.3%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 32.1B USD · Net income 4.6B USD · Net margin 14.2%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 32.2B USD · Net income 5.4B USD · Net margin 16.7%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 35.4B USD · Net income 5.9B USD · Net margin 16.7%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 34.2B USD · Net income 5.8B USD · Net margin 16.9%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 32.7B USD · Net income −7.0B USD · Net margin −21.4%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 24.6B USD · Net income 4.2B USD · Net margin 17.0%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 24.9B USD · Net income 3.3B USD · Net margin 13.0%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 24.9B USD · Net income 3.3B USD · Net margin 13.0%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 39.9 USD gross profit, 18.6 USD operating income and 13.0 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue24.9B USD100.0%
Gross profit10.0B USD39.9%
Cost of revenue15.0B USD60.1%
Operating income4.6B USD18.6%
Operating expenses5.3B USD21.4%
Net income3.3B USD13.0%
Interest expense946.0M USD3.8%
Taxes & other (net)433.0M USD1.7%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin fell in 5 years from 22.3% to 18.6%.

Gross marginOperating marginNet margin
  1. Fiscal year 2016: Gross margin 50.0% · Operating margin 24.0% · Net margin 16.8%
  2. Fiscal year 2017: Gross margin 49.5% · Operating margin 24.7% · Net margin 15.3%
  3. Fiscal year 2018: Gross margin 49.1% · Operating margin 22.0% · Net margin 16.3%
  4. Fiscal year 2019: Gross margin 46.7% · Operating margin 19.2% · Net margin 14.2%
  5. Fiscal year 2020: Gross margin 48.4% · Operating margin 22.3% · Net margin 16.7%
  6. Fiscal year 2021: Gross margin 46.8% · Operating margin 20.8% · Net margin 16.7%
  7. Fiscal year 2022: Gross margin 43.8% · Operating margin 19.1% · Net margin 16.9%
  8. Fiscal year 2023: Gross margin 43.5% · Operating margin −27.9% · Net margin −21.4%
  9. Fiscal year 2024: Gross margin 41.2% · Operating margin 19.6% · Net margin 17.0%
  10. Fiscal year 2025: Gross margin 39.9% · Operating margin 18.6% · Net margin 13.0%

Returns

Return on equity rose in 5 years from 41.8% to 69.1%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 49.0% · Return on assets 15.3%
  2. Fiscal year 2017: Return on equity 42.0% · Return on assets 12.8%
  3. Fiscal year 2018: Return on equity 54.6% · Return on assets 14.7%
  4. Fiscal year 2019: Return on equity 45.4% · Return on assets 10.2%
  5. Fiscal year 2020: Return on equity 41.8% · Return on assets 11.4%
  6. Fiscal year 2021: Return on equity 39.4% · Return on assets 12.6%
  7. Fiscal year 2022: Return on equity 39.2% · Return on assets 12.4%
  8. Fiscal year 2023: Return on equity −145.5% · Return on assets −13.8%
  9. Fiscal year 2024: Return on equity 108.6% · Return on assets 10.5%
  10. Fiscal year 2025: Return on equity 69.1% · Return on assets 8.6%

Equity and long-term debt

The equity ratio fell in 5 years from 27.2% to 12.5%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 10.3B USD · Long-term debt 11.5B USD
  2. Fiscal year 2017: Equity 11.6B USD · Long-term debt 13.2B USD
  3. Fiscal year 2018: Equity 9.8B USD · Long-term debt 14.2B USD
  4. Fiscal year 2019: Equity 10.1B USD · Long-term debt 19.4B USD
  5. Fiscal year 2020: Equity 12.9B USD · Long-term debt 18.8B USD
  6. Fiscal year 2021: Equity 15.0B USD · Long-term debt 17.3B USD
  7. Fiscal year 2022: Equity 14.7B USD · Long-term debt 15.9B USD
  8. Fiscal year 2023: Equity 4.8B USD · Long-term debt 14.2B USD
  9. Fiscal year 2024: Equity 3.8B USD · Long-term debt 13.0B USD
  10. Fiscal year 2025: Equity 4.7B USD · Long-term debt 12.6B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 1.89 to 1.71.

Current ratio
  1. Fiscal year 2016: Current ratio 1.89
  2. Fiscal year 2017: Current ratio 1.86
  3. Fiscal year 2018: Current ratio 1.89
  4. Fiscal year 2019: Current ratio 1.41
  5. Fiscal year 2020: Current ratio 1.89
  6. Fiscal year 2021: Current ratio 1.70
  7. Fiscal year 2022: Current ratio 1.54
  8. Fiscal year 2023: Current ratio 1.07
  9. Fiscal year 2024: Current ratio 1.41
  10. Fiscal year 2025: Current ratio 1.71

Cash flow

Free cash flow fell in 5 years from 6.6B USD to 1.4B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 6.7B USD · Capital expenditure 1.4B USD · Free cash flow 5.2B USD
  2. Fiscal year 2017: Operating cash flow 6.2B USD · Capital expenditure 1.4B USD · Free cash flow 4.9B USD
  3. Fiscal year 2018: Operating cash flow 6.4B USD · Capital expenditure 1.6B USD · Free cash flow 4.9B USD
  4. Fiscal year 2019: Operating cash flow 7.1B USD · Capital expenditure 1.7B USD · Free cash flow 5.4B USD
  5. Fiscal year 2020: Operating cash flow 8.1B USD · Capital expenditure 1.5B USD · Free cash flow 6.6B USD
  6. Fiscal year 2021: Operating cash flow 7.5B USD · Capital expenditure 1.6B USD · Free cash flow 5.9B USD
  7. Fiscal year 2022: Operating cash flow 5.6B USD · Capital expenditure 1.7B USD · Free cash flow 3.8B USD
  8. Fiscal year 2023: Operating cash flow 6.7B USD · Capital expenditure 1.6B USD · Free cash flow 5.1B USD
  9. Fiscal year 2024: Operating cash flow 1.8B USD · Capital expenditure 1.2B USD · Free cash flow 638.0M USD
  10. Fiscal year 2025: Operating cash flow 2.3B USD · Capital expenditure 910.0M USD · Free cash flow 1.4B USD

Share count

The share count fell in 5 years by 7.0% (mostly through share repurchases).

Diluted share count
  1. Fiscal year 2016: Diluted share count 618.7M
  2. Fiscal year 2017: Diluted share count 612.7M
  3. Fiscal year 2018: Diluted share count 602.0M
  4. Fiscal year 2019: Diluted share count 585.1M
  5. Fiscal year 2020: Diluted share count 582.2M
  6. Fiscal year 2021: Diluted share count 585.3M
  7. Fiscal year 2022: Diluted share count 567.6M
  8. Fiscal year 2023: Diluted share count 553.9M
  9. Fiscal year 2024: Diluted share count 552.4M
  10. Fiscal year 2025: Diluted share count 541.3M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
2.92 USD · Fiscal year 2025
Dividend growth per year
3 y −21.2%5 y −13.1%10 y −0.5%
Years without a cut
0 in a row up to now
Payout ratio
of earnings 49% of free cash flow 112%
To shareholders (5 years)
22.4B USD 39% through repurchases
Share count over 5 years
−7.0% fewer shares – each share is a larger stake

Dividend per share

The dividend per share fell in 5 years from 5.88 USD to 2.92 USD.

Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.
  1. Fiscal year 2016: Dividend per share 4.44 USD
  2. Fiscal year 2017: Dividend per share 4.70 USD
  3. Fiscal year 2018: Dividend per share 5.44 USD
  4. Fiscal year 2019: Dividend per share 5.76 USD
  5. Fiscal year 2020: Dividend per share 5.88 USD
  6. Fiscal year 2021: Dividend per share 5.92 USD
  7. Fiscal year 2022: Dividend per share 5.96 USD
  8. Fiscal year 2023: Dividend per share 6.00 USD
  9. Fiscal year 2024: Dividend per share 3.61 USD
  10. Fiscal year 2025: Dividend per share 2.92 USD

Payout ratios

The payout ratio fell in 5 years from 63.6% to 48.7%.

Payout ratio (earnings)Payout ratio (free cash flow)
  1. Fiscal year 2016: Payout ratio (earnings) 54.4% · Payout ratio (free cash flow) 51.1%
  2. Fiscal year 2017: Payout ratio (earnings) 59.3% · Payout ratio (free cash flow) 57.6%
  3. Fiscal year 2018: Payout ratio (earnings) 61.2% · Payout ratio (free cash flow) 65.7%
  4. Fiscal year 2019: Payout ratio (earnings) 73.8% · Payout ratio (free cash flow) 61.7%
  5. Fiscal year 2020: Payout ratio (earnings) 63.6% · Payout ratio (free cash flow) 51.2%
  6. Fiscal year 2021: Payout ratio (earnings) 58.5% · Payout ratio (free cash flow) 58.5%
  7. Fiscal year 2022: Payout ratio (earnings) 58.5% · Payout ratio (free cash flow) 87.7%
  8. Fiscal year 2023: Payout ratio (earnings) not available · Payout ratio (free cash flow) 65.4%
  9. Fiscal year 2024: Payout ratio (earnings) 47.8% · Payout ratio (free cash flow) 310.7%
  10. Fiscal year 2025: Payout ratio (earnings) 48.7% · Payout ratio (free cash flow) 111.9%

What goes back to shareholders

Over 5 years, 22.4B USD went back to shareholders, 39% of it through share repurchases. That is 133% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid 2.7B USD · Share repurchases 3.8B USD · New shares issued (including employee plans) not available · Free cash flow 5.2B USD
  2. Fiscal year 2017: Dividends paid 2.8B USD · Share repurchases 2.1B USD · New shares issued (including employee plans) not available · Free cash flow 4.9B USD
  3. Fiscal year 2018: Dividends paid 3.2B USD · Share repurchases 4.9B USD · New shares issued (including employee plans) not available · Free cash flow 4.9B USD
  4. Fiscal year 2019: Dividends paid 3.3B USD · Share repurchases 1.4B USD · New shares issued (including employee plans) not available · Free cash flow 5.4B USD
  5. Fiscal year 2020: Dividends paid 3.4B USD · Share repurchases 368.0M USD · New shares issued (including employee plans) not available · Free cash flow 6.6B USD
  6. Fiscal year 2021: Dividends paid 3.4B USD · Share repurchases 2.2B USD · New shares issued (including employee plans) not available · Free cash flow 5.9B USD
  7. Fiscal year 2022: Dividends paid 3.4B USD · Share repurchases 1.5B USD · New shares issued (including employee plans) not available · Free cash flow 3.8B USD
  8. Fiscal year 2023: Dividends paid 3.3B USD · Share repurchases 33.0M USD · New shares issued (including employee plans) not available · Free cash flow 5.1B USD
  9. Fiscal year 2024: Dividends paid 2.0B USD · Share repurchases 1.8B USD · New shares issued (including employee plans) not available · Free cash flow 638.0M USD
  10. Fiscal year 2025: Dividends paid 1.6B USD · Share repurchases 3.3B USD · New shares issued (including employee plans) not available · Free cash flow 1.4B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

3M next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison MMM, sector Industrials; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
PWR Quanta Services 28.5B USD +20.5%15.0%5.7%3.6%11.5%35.9%5.7%5/9
ETN Eaton Corporation 27.4B USD +9.0%37.6%–14.9%21.0%47.1%12.9%6/9
WM Waste Management 25.2B USD +10.6%40.4%17.1%10.7%27.1%21.8%11.2%6/9
MMM 3M this stock 24.9B USD −5.0%39.9%18.6%13.0%69.1%12.5%5.6%5/9
UNP Union Pacific Corporation 24.5B USD +4.6%–40.2%29.1%38.7%26.5%22.4%–
JCI Johnson Controls 23.6B USD +1.1%36.4%–13.9%25.5%34.1%9.0%6/9
ADP Automatic Data Processing 21.9B USD +7.9%46.4%–20.1%73.2%9.5%23.9%8/9
PH Parker Hannifin 21.5B USD +8.4%37.7%23.6%17.0%23.7%49.9%18.2%9/9
TT Trane Technologies 21.3B USD +11.4%–18.6%13.7%34.0%40.1%13.2%–
Median of the sector 34 symbols 24.1B USD +9.2%35.4%10.4%12.9%26.3%33.2%9.7%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light red: shrinking

−5.0% per year, last 5 years

Sector Industrials: median +8.0% (82 symbols)

What does this mean? Revenue: over 5 years it fell by 5.0% per year on average. The median company in the sector reached +8.0% per year.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light red: shrinking

−9.6% per year, last 5 years

Sector Industrials: median +10.0% (66 symbols)

per share: −8.3% per year (5 years, split-adjusted)

What does this mean? Total net income: over 5 years it fell by 9.6% per year on average. The median company in the sector reached +10.0% per year.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light green: above sector

13.0% last fiscal year

Sector Industrials: median 11.1% (88 symbols)

What does this mean? Of every 100 USD in revenue, 13.03 USD remained as profit – at least as much as the median company in the sector (11.1%). Five years ago the margin was 16.7%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light red: much higher

3.63 latest balance sheet

Sector Industrials: median 0.58 (77 symbols)

What does this mean? For every 1 USD of equity there is 3.63 USD of financial debt – more than twice as much as the median company in the sector (0.58). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light green: covered

49% Dividend / earnings per share

Sector Industrials: median 35% (65 symbols)

What does this mean? Of every 1 USD of earnings per share, 0.49 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light yellow: 1 loss year

9 of 10 fiscal years with a profit

What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
24.9B USD
Revenue vs. prior year
+1.5%
Net income (FY)
3.3B USD
Net income vs. prior year
−22.1%
EPS (FY)
6.00 USD
13F funds with a position
2 of 9
Funds vs. prior quarter
+1
Shares held vs. prior quarter
+107.1%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 3, 2026 · Balance sheet Sep 30, 2026 (filed Oct 20, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 24.9B3.3B 13.0% 6.00 2.92 49%
2024Dec 31, 2024 24.6B4.2B 17.0% 7.55 3.61 48%
2023Dec 31, 2023 32.7B−7.0B −21.4% −12.63 6.00 –
2022Dec 31, 2022 34.2B5.8B 16.9% 10.18 5.96 59%
2021Dec 31, 2021 35.4B5.9B 16.7% 10.12 5.92 58%
2020Dec 31, 2020 32.2B5.4B 16.7% 9.25 5.88 64%
2019Dec 31, 2019 32.1B4.6B 14.2% 7.81 5.76 74%
2018Dec 31, 2018 32.8B5.3B 16.3% 8.89 5.44 61%
2017Dec 31, 2017 31.7B4.9B 15.3% 7.93 4.70 59%
2016Dec 31, 2016 30.1B5.1B 16.8% 8.16 4.44 54%
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Sep 30, 2026 6.6B1.4B 20.9% 2.63 0.78 30%
Q2/26Jun 30, 2026 6.5B933.0M 14.4% 1.78 0.78 44%
Q1/26Mar 31, 2026 6.0B653.0M 10.8% 1.23 0.78 63%
Q4/25*Dec 31, 2025 6.1B577.0M 9.4% – 0.73 –
Q3/25Sep 30, 2025 6.5B834.0M 12.8% 1.55 0.73 47%
Q2/25Jun 30, 2025 6.3B723.0M 11.4% 1.34 0.73 54%
Q1/25Mar 31, 2025 6.0B1.1B 18.7% 2.04 0.73 36%
Q4/24Dec 31, 2024 6.0B728.0M 12.1% 1.33 0.70 53%
Q3/24Sep 30, 2024 6.3B1.4B 21.8% 2.48 0.70 28%
Q2/24Jun 30, 2024 6.3B1.1B 18.3% 2.07 0.70 34%
Q1/24Mar 31, 2024 8.0B928.0M 11.6% 1.67 1.51 90%
Q4/23Dec 31, 2023 6.0B945.0M 15.7% 1.70 1.50 88%

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $663.4K1 person −$663.4K
6 months $00 people $4.3M5 people −$4.3M
12 months $00 people $16.7M7 people −$16.7M

Latest transactions

  • Aug 5, 2026 Chavez Rodriguez Beatriz Karina Officer Open-market sale 3,635 shares · $663.4K · SEC
  • Jul 23, 2026 Reinseth Theresa E Officer Open-market sale 924 shares · $156.5K · SEC
  • Jul 23, 2026 Banovetz John Patrick Officer Open-market sale 7,880 shares · $1.3M · SEC
  • Jul 22, 2026 Rhodes Kevin H Officer Open-market sale 7,669 shares · $1.3M · SEC
  • Jul 22, 2026 Goralski Christian T JR Officer Open-market sale 4,902 shares · $835.6K · SEC
  • Feb 11, 2026 Reinseth Theresa E Officer Open-market sale 40 shares · $6.9K · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score +40

Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows-10
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)26.9
Rel. strength 60 d−4.3%

ATR and moving averages as price values only when logged in.

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