3M (MMM)

NYSE Industrials Industrial Conglomerates S&P 500Dow 30

$185.15

-2.62 (-1.40%)

Close of Nov 06, 2026 · end-of-day data

Source: 3M's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$30.11B	$31.66B	$32.77B	$32.14B	$32.18B	$35.35B	$26.16B	$24.61B	$24.57B	$24.95B
Cost of revenue	$15.12B	$16.05B	$16.68B	$17.14B	$16.61B	$18.80B	$15.85B	$14.98B	$14.45B	$14.99B
Gross profit	$14.99B	$15.60B	$16.08B	$15.00B	$15.58B	$16.56B	$10.31B	$9.63B	$10.13B	$9.96B
Research & development	$1.25B	$1.35B	$1.25B	$1.25B	$1.10B	$1.20B	$800.00M	$700.00M	$700.00M	—
Selling, general & admin	$6.31B	$6.63B	$7.60B	$7.03B	$6.93B	$7.20B	$7.23B	$19.20B	$4.22B	$4.00B
Operating income	$7.03B	$7.69B	$7.21B	$6.17B	$7.16B	$7.37B	$4.37B	-$10.69B	$4.82B	$4.63B
Interest expense	$199.00M	$322.00M	$350.00M	$448.00M	$529.00M	$488.00M	$462.00M	$942.00M	$1.19B	$946.00M
Pre-tax income	$7.05B	$7.55B	$7.00B	$5.71B	$6.79B	$7.20B	$4.20B	-$11.27B	$4.82B	$4.21B
Income tax	$2.00B	$2.68B	$1.64B	$1.11B	$1.34B	$1.28B	$188.00M	-$2.87B	$804.00M	$1.00B
Net income	$5.05B	$4.86B	$5.35B	$4.52B	$5.45B	$5.92B	$5.78B	-$7.00B	$4.17B	$3.25B
EBITDA	$8.50B	$9.24B	$8.70B	$7.77B	$9.07B	$9.28B	$6.20B	-$8.70B	$6.18B	$5.94B
EPS (basic)	$8.35	$8.13	$9.09	$7.83	$9.43	$10.23	$10.21	$-12.63	$7.58	$6.05
EPS (diluted)	$8.16	$7.93	$8.89	$7.72	$9.36	$10.12	$10.18	$-12.63	$7.55	$6.00
Diluted shares	618.70M	612.70M	602.00M	585.10M	582.20M	585.30M	567.60M	553.90M	552.40M	541.30M
Gross margin	49.8%	49.3%	49.1%	46.7%	48.4%	46.8%	39.4%	39.1%	41.2%	39.9%
Operating margin	23.3%	24.3%	22.0%	19.2%	22.3%	20.8%	16.7%	-43.4%	19.6%	18.6%
Net margin	16.8%	15.3%	16.3%	14.1%	16.9%	16.7%	22.1%	-28.4%	17.0%	13.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$2.40B	$3.05B	$2.85B	—	$4.63B	$4.56B	$3.65B	$5.93B	$5.60B	$5.24B
Short-term investments	—	$1.08B	$380.00M	$98.00M	$404.00M	—	—	—	—	—
Receivables	$4.39B	$4.91B	$5.02B	$4.79B	$4.71B	$4.66B	$4.53B	$3.60B	$3.19B	$3.53B
Inventory	$3.38B	$4.03B	$4.37B	$4.13B	$4.24B	$4.99B	$5.37B	$3.94B	$3.70B	$3.66B
Total current assets	$11.73B	$14.28B	$13.71B	$12.97B	$14.98B	$15.40B	$14.69B	$16.38B	$15.88B	$16.39B
Goodwill	$9.17B	$10.51B	$10.05B	$13.44B	$13.80B	$13.49B	$6.34B	$6.38B	$6.28B	$6.42B
Total assets	$32.91B	$37.99B	$36.50B	$44.66B	$47.34B	$47.07B	$46.45B	$50.58B	$39.87B	$37.73B
Total current liabilities	$6.22B	$7.69B	$7.24B	$9.22B	$7.95B	$9.04B	$9.52B	$15.30B	$11.26B	$9.60B
Short-term debt	$972.00M	$1.85B	$1.21B	$2.79B	$806.00M	$1.31B	$1.94B	$2.95B	$1.92B	$1.67B
Long-term debt	$10.68B	$12.10B	$13.41B	$17.52B	$17.99B	$16.06B	$14.00B	$13.09B	$11.12B	$10.93B
Total debt	$11.65B	$13.95B	$14.62B	$20.31B	$18.80B	$17.36B	$15.94B	$16.04B	$13.04B	$12.60B
Total liabilities	$22.56B	$26.36B	$26.65B	$34.53B	$34.41B	$31.95B	$31.68B	$45.71B	$35.97B	$32.99B
Shareholders' equity	$10.30B	$11.56B	$9.80B	$10.06B	$12.87B	$15.05B	$14.72B	$4.81B	$3.84B	$4.70B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$6.66B	$6.24B	$6.44B	$7.07B	$8.11B	$7.45B	$5.59B	$6.68B	$1.82B	$2.31B
Capital expenditures	$1.42B	$1.37B	$1.58B	$1.70B	$1.50B	$1.60B	$1.75B	$1.61B	$1.18B	$910.00M
Free cash flow	$5.24B	$4.87B	$4.86B	$5.37B	$6.61B	$5.85B	$3.84B	$5.07B	$638.00M	$1.40B
Investing cash flow	-$1.40B	-$3.09B	$222.00M	-$6.44B	-$580.00M	-$1.32B	-$1.05B	-$1.21B	-$3.21B	$1.35B
Financing cash flow	-$4.63B	-$2.65B	-$6.70B	-$1.12B	-$5.30B	-$6.14B	-$5.35B	-$3.15B	$1.10B	-$4.02B
Dividends paid	$2.68B	$2.80B	$3.19B	$3.32B	$3.39B	$3.42B	$3.37B	$3.31B	$1.98B	$1.56B
Share buybacks	$3.75B	$2.07B	$4.87B	$1.41B	$368.00M	$2.20B	$1.46B	$33.00M	$1.80B	$3.25B
Stock-based compensation	$298.00M	$324.00M	$302.00M	$278.00M	$262.00M	$274.00M	$263.00M	$274.00M	$289.00M	$225.00M
Depreciation & amortization	$1.47B	$1.54B	$1.49B	$1.59B	$1.91B	$1.92B	$1.83B	$1.99B	$1.36B	$1.31B

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$6.00B	$6.02B	$6.25B	$6.29B	$6.01B	$5.95B	$6.34B	$6.52B	$6.13B	$6.03B	$6.50B	$6.58B
Cost of revenue	$3.79B	$3.48B	$3.57B	$3.65B	$3.74B	$3.48B	$3.65B	$3.79B	$4.08B	$3.57B	$3.82B	$3.80B
Gross profit	$2.21B	$2.53B	$2.68B	$2.65B	$2.27B	$2.48B	$2.70B	$2.73B	$2.06B	$2.46B	$2.68B	$2.78B
Selling, general & admin	$1.02B	$1.13B	$1.13B	$1.06B	$899.00M	$945.00M	$1.27B	$820.00M	$965.00M	$744.00M	$1.06B	$921.00M
Operating income	$899.00M	$1.15B	$1.27B	$1.32B	$1.08B	$1.25B	$1.14B	$1.45B	$796.00M	$1.40B	$984.00M	$1.56B
Interest expense	$371.00M	$385.00M	$322.00M	$276.00M	$252.00M	$255.00M	$237.00M	$232.00M	$222.00M	$214.00M	$202.00M	$217.00M
Pre-tax income	$651.00M	$929.00M	$1.41B	$1.72B	$759.00M	$1.39B	$923.00M	$1.15B	$758.00M	$878.00M	$1.12B	$1.67B
Income tax	$26.00M	$220.00M	$203.00M	$348.00M	$33.00M	$265.00M	$245.00M	$308.00M	$185.00M	$221.00M	$183.00M	$261.00M
Net income	$945.00M	$928.00M	$1.15B	$1.37B	$728.00M	$1.12B	$723.00M	$834.00M	$577.00M	$653.00M	$933.00M	$1.37B
EBITDA	$1.44B	$1.58B	$1.57B	$1.63B	$1.41B	$1.54B	$1.43B	$1.75B	$1.23B	$1.72B	$1.32B	$1.89B
EPS (basic)	$1.70	$1.67	$2.07	$2.49	$1.34	$2.05	$1.35	$1.56	$1.08	$1.23	$1.79	$2.65
EPS (diluted)	$1.70	$1.67	$2.07	$2.48	$1.33	$2.04	$1.34	$1.55	$1.07	$1.23	$1.78	$2.63
Diluted shares	200.00K	555.90M	554.80M	552.70M	-2.10M	547.70M	540.60M	538.10M	-800.00K	532.80M	522.40M	522.60M
Gross margin	36.8%	42.1%	42.9%	42.1%	37.7%	41.6%	42.5%	41.8%	33.6%	40.7%	41.3%	42.3%
Operating margin	15.0%	19.1%	20.3%	20.9%	18.1%	20.9%	18.0%	22.2%	13.0%	23.2%	15.1%	23.7%
Net margin	15.7%	15.4%	18.3%	21.8%	12.1%	18.7%	11.4%	12.8%	9.4%	10.8%	14.4%	20.9%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$5.93B	$10.91B	$10.08B	$6.05B	$5.60B	$6.33B	$3.71B	$4.67B	$5.24B	$3.73B	$2.96B	$4.83B
Receivables	$3.60B	$4.75B	$3.58B	$3.53B	$3.19B	$3.50B	$3.76B	$3.78B	$3.53B	$3.75B	$3.93B	$4.12B
Inventory	$3.94B	$4.90B	$4.06B	$4.04B	$3.70B	$3.87B	$4.08B	$3.89B	$3.66B	$3.69B	$3.77B	$4.08B
Total current assets	$16.38B	$21.61B	$19.52B	$16.30B	$15.88B	$15.66B	$13.43B	$16.09B	$16.39B	$14.39B	$14.11B	$16.71B
Goodwill	$6.38B	$12.81B	$6.32B	$6.39B	$6.28B	$6.34B	$6.43B	$6.42B	$6.42B	$6.38B	$6.37B	$7.34B
Total assets	$50.58B	$55.24B	$43.38B	$40.88B	$39.87B	$39.95B	$37.99B	$37.61B	$37.73B	$35.44B	$34.92B	$39.53B
Total current liabilities	$15.30B	$13.16B	$14.35B	$11.39B	$11.26B	$9.45B	$7.81B	$8.73B	$9.60B	$9.03B	$11.38B	$11.87B
Short-term debt	$2.95B	$820.00M	$1.30B	$1.87B	$1.92B	$1.17B	$669.00M	$749.00M	$1.67B	$1.65B	$1.65B	$2.44B
Long-term debt	$13.09B	$20.59B	$11.78B	$11.32B	$11.12B	$12.31B	$12.48B	$11.85B	$10.93B	$10.91B	$10.90B	$12.56B
Total debt	$16.04B	$21.41B	$13.08B	$13.19B	$13.04B	$13.48B	$13.15B	$12.60B	$12.60B	$12.56B	$12.55B	$15.00B
Total liabilities	$45.71B	$50.31B	$39.39B	$36.18B	$35.97B	$35.43B	$33.64B	$32.94B	$32.99B	$32.12B	$31.92B	$34.39B
Shareholders' equity	$4.81B	$4.87B	$3.92B	$4.64B	$3.84B	$4.46B	$4.29B	$4.63B	$4.70B	$3.26B	$2.95B	$4.13B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$1.99B	$767.00M	$1.02B	-$1.79B	$1.82B	-$79.00M	-$954.00M	$1.76B	$1.58B	$574.00M	$986.00M	$486.00M
Capital expenditures	$358.00M	$375.00M	$269.00M	$246.00M	$291.00M	$236.00M	$208.00M	$218.00M	$248.00M	$225.00M	$223.00M	$256.00M
Free cash flow	$1.63B	$392.00M	$752.00M	-$2.03B	$1.53B	-$315.00M	-$1.16B	$1.54B	$1.33B	$349.00M	$763.00M	$230.00M
Investing cash flow	-$301.00M	-$393.00M	-$463.00M	-$1.20B	-$1.15B	$1.22B	$70.00M	$465.00M	-$405.00M	$60.00M	-$483.00M	-$2.09B
Financing cash flow	-$924.00M	$4.62B	-$1.36B	-$1.08B	-$1.08B	-$422.00M	-$1.77B	-$1.21B	-$617.00M	-$2.12B	-$1.33B	$3.48B
Dividends paid	$828.00M	$835.00M	$386.00M	$383.00M	$378.00M	$396.00M	$390.00M	$389.00M	$387.00M	$412.00M	$401.00M	$403.00M
Share buybacks	$2.00M	$21.00M	$400.00M	$675.00M	$705.00M	$1.27B	$953.00M	$472.00M	$552.00M	$2.00B	$994.00M	$232.00M
Stock-based compensation	$52.00M	$29.00M	$171.00M	$42.00M	$47.00M	$85.00M	$44.00M	$53.00M	$43.00M	$80.00M	$41.00M	$46.00M
Depreciation & amortization	$537.00M	$430.00M	$301.00M	$310.00M	$322.00M	$290.00M	$290.00M	$298.00M	$430.00M	$326.00M	$335.00M	$336.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.