3M Co (MMM) stock
MMMNYSESurgical & Medical Instruments & ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 20, 2026Score 14/3020% above fair value
$186.24−2.64 (-1.40%)
Close on Nov 12, 2026Market cap $96.24BP/E 27.8Yield 1.57%
3M gross margin
Gross margin is gross profit as a percentage of revenue.
3M's gross margin for the twelve months ending Sep 30, 2026 was 39.5%. For fiscal 2025 it was 39.9%, against 41.2% the year before. The highest annual figure on record is 49.8% in fiscal 2016.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 39.9% | −1.3 |
| FY2024 | Dec 31, 2024 | 41.2% | +2.1 |
| FY2023 | Dec 31, 2023 | 39.1% | −0.3 |
| FY2022 | Dec 31, 2022 | 39.4% | −7.4 |
| FY2021 | Dec 31, 2021 | 46.8% | −1.6 |
| FY2020 | Dec 31, 2020 | 48.4% | +1.7 |
| FY2019 | Dec 31, 2019 | 46.7% | −2.4 |
| FY2018 | Dec 31, 2018 | 49.1% | −0.2 |
| FY2017 | Dec 31, 2017 | 49.3% | −0.5 |
| FY2016 | Dec 31, 2016 | 49.8% | +0.6 |
| FY2015 | Dec 31, 2015 | 49.2% | +0.9 |
| FY2014 | Dec 31, 2014 | 48.3% | +0.5 |
| FY2013 | Dec 31, 2013 | 47.8% | +0.3 |
| FY2012 | Dec 31, 2012 | 47.5% | +0.5 |
| FY2011 | Dec 31, 2011 | 47.0% | −1.1 |
| FY2010 | Dec 31, 2010 | 48.1% | +0.5 |
| FY2009 | Dec 31, 2009 | 47.6% | +0.6 |
| FY2008 | Dec 31, 2008 | 47.1% | −0.9 |
| FY2007 | Dec 31, 2007 | 47.9% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 42.3% | +0.5 |
| Q2 FY2026 | Jun 30, 2026 | 41.3% | −1.3 |
| Q1 FY2026 | Mar 31, 2026 | 40.7% | −0.9 |
| Q4 FY2025 | Dec 31, 2025 | 33.6% | −4.1 |
| Q3 FY2025 | Sep 30, 2025 | 41.8% | −0.2 |
| Q2 FY2025 | Jun 30, 2025 | 42.5% | −0.4 |
| Q1 FY2025 | Mar 31, 2025 | 41.6% | −0.5 |
| Q4 FY2024 | Dec 31, 2024 | 37.7% | +0.9 |
| Q3 FY2024 | Sep 30, 2024 | 42.1% | +1.3 |
| Q2 FY2024 | Jun 30, 2024 | 42.9% | +2.2 |
| Q1 FY2024 | Mar 31, 2024 | 42.1% | +3.9 |
| Q4 FY2023 | Dec 31, 2023 | 36.8% | +10900.4 |
| Q3 FY2023 | Sep 30, 2023 | 40.7% | −4.4 |
| Q2 FY2023 | Jun 30, 2023 | 40.7% | −0.8 |
| Q1 FY2023 | Mar 31, 2023 | 38.2% | −7.2 |
| Q4 FY2022 | Dec 31, 2022 | -10863.6% | −10909.1 |
| Q3 FY2022 | Sep 30, 2022 | 45.1% | −0.6 |
| Q2 FY2022 | Jun 30, 2022 | 41.5% | −5.8 |
| Q1 FY2022 | Mar 31, 2022 | 45.3% | −3.5 |
| Q4 FY2021 | Dec 31, 2021 | 45.4% | −3.4 |
| Q3 FY2021 | Sep 30, 2021 | 45.7% | −2.7 |
| Q2 FY2021 | Jun 30, 2021 | 47.3% | +0.3 |
| Q1 FY2021 | Mar 31, 2021 | 48.9% | −0.2 |
| Q4 FY2020 | Dec 31, 2020 | 48.9% | +2.2 |
| Q3 FY2020 | Sep 30, 2020 | 48.5% | +0.9 |
| Q2 FY2020 | Jun 30, 2020 | 47.0% | −0.2 |
| Q1 FY2020 | Mar 31, 2020 | 49.1% | +3.9 |
| Q4 FY2019 | Dec 31, 2019 | 46.7% | −2.2 |
| Q3 FY2019 | Sep 30, 2019 | 47.6% | −1.4 |
| Q2 FY2019 | Jun 30, 2019 | 47.2% | −2.4 |
| Q1 FY2019 | Mar 31, 2019 | 45.2% | −3.6 |
| Q4 FY2018 | Dec 31, 2018 | 48.9% | +0.1 |
| Q3 FY2018 | Sep 30, 2018 | 49.0% | −1.3 |
| Q2 FY2018 | Jun 30, 2018 | 49.6% | +1.1 |
| Q1 FY2018 | Mar 31, 2018 | 48.8% | −0.7 |
| Q4 FY2017 | Dec 31, 2017 | 48.8% | −0.5 |
| Q3 FY2017 | Sep 30, 2017 | 50.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 48.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 49.5% | – |
| Q4 FY2016 | Dec 31, 2016 | 49.3% | – |
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