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 operating margin
Operating margin is operating income as a percentage of revenue.
3M's operating margin for the twelve months ending Sep 30, 2026 was 18.8%. For fiscal 2025 it was 18.6%, against 19.6% the year before. The highest annual figure on record is 25.3% in fiscal 2007.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 18.6% | −1.1 |
| FY2024 | Dec 31, 2024 | 19.6% | +63.1 |
| FY2023 | Dec 31, 2023 | -43.4% | −60.1 |
| FY2022 | Dec 31, 2022 | 16.7% | −4.1 |
| FY2021 | Dec 31, 2021 | 20.8% | −1.4 |
| FY2020 | Dec 31, 2020 | 22.3% | +3.0 |
| FY2019 | Dec 31, 2019 | 19.2% | −2.8 |
| FY2018 | Dec 31, 2018 | 22.0% | −2.3 |
| FY2017 | Dec 31, 2017 | 24.3% | +1.0 |
| FY2016 | Dec 31, 2016 | 23.3% | +0.4 |
| FY2015 | Dec 31, 2015 | 22.9% | +0.5 |
| FY2014 | Dec 31, 2014 | 22.4% | +0.8 |
| FY2013 | Dec 31, 2013 | 21.6% | −0.1 |
| FY2012 | Dec 31, 2012 | 21.7% | +0.8 |
| FY2011 | Dec 31, 2011 | 20.9% | −1.3 |
| FY2010 | Dec 31, 2010 | 22.2% | +1.4 |
| FY2009 | Dec 31, 2009 | 20.8% | +0.2 |
| FY2008 | Dec 31, 2008 | 20.6% | −4.7 |
| FY2007 | Dec 31, 2007 | 25.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 23.7% | +1.5 |
| Q2 FY2026 | Jun 30, 2026 | 15.1% | −2.8 |
| Q1 FY2026 | Mar 31, 2026 | 23.2% | +2.2 |
| Q4 FY2025 | Dec 31, 2025 | 13.0% | −5.1 |
| Q3 FY2025 | Sep 30, 2025 | 22.2% | +1.3 |
| Q2 FY2025 | Jun 30, 2025 | 18.0% | −2.4 |
| Q1 FY2025 | Mar 31, 2025 | 20.9% | +1.8 |
| Q4 FY2024 | Dec 31, 2024 | 18.1% | +3.1 |
| Q3 FY2024 | Sep 30, 2024 | 20.9% | +70.3 |
| Q2 FY2024 | Jun 30, 2024 | 20.3% | +169.3 |
| Q1 FY2024 | Mar 31, 2024 | 19.1% | −1.4 |
| Q4 FY2023 | Dec 31, 2023 | 15.0% | +13996.8 |
| Q3 FY2023 | Sep 30, 2023 | -49.4% | −97.6 |
| Q2 FY2023 | Jun 30, 2023 | -148.9% | −150.2 |
| Q1 FY2023 | Mar 31, 2023 | 20.5% | +1.9 |
| Q4 FY2022 | Dec 31, 2022 | -13981.8% | −14000.6 |
| Q3 FY2022 | Sep 30, 2022 | 48.2% | +28.2 |
| Q2 FY2022 | Jun 30, 2022 | 1.3% | −20.8 |
| Q1 FY2022 | Mar 31, 2022 | 18.6% | −3.9 |
| Q4 FY2021 | Dec 31, 2021 | 18.8% | −2.8 |
| Q3 FY2021 | Sep 30, 2021 | 20.0% | −2.9 |
| Q2 FY2021 | Jun 30, 2021 | 22.0% | −2.2 |
| Q1 FY2021 | Mar 31, 2021 | 22.5% | +1.9 |
| Q4 FY2020 | Dec 31, 2020 | 21.5% | +5.2 |
| Q3 FY2020 | Sep 30, 2020 | 22.9% | −2.3 |
| Q2 FY2020 | Jun 30, 2020 | 24.2% | +3.4 |
| Q1 FY2020 | Mar 31, 2020 | 20.6% | +6.1 |
| Q4 FY2019 | Dec 31, 2019 | 16.3% | −6.1 |
| Q3 FY2019 | Sep 30, 2019 | 25.2% | +0.4 |
| Q2 FY2019 | Jun 30, 2019 | 20.8% | −7.8 |
| Q1 FY2019 | Mar 31, 2019 | 14.4% | +2.3 |
| Q4 FY2018 | Dec 31, 2018 | 22.4% | +0.1 |
| Q3 FY2018 | Sep 30, 2018 | 24.7% | +0.2 |
| Q2 FY2018 | Jun 30, 2018 | 28.6% | +1.1 |
| Q1 FY2018 | Mar 31, 2018 | 12.2% | −10.5 |
| Q4 FY2017 | Dec 31, 2017 | 22.4% | +2.3 |
| Q3 FY2017 | Sep 30, 2017 | 24.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 27.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 22.7% | – |
| Q4 FY2016 | Dec 31, 2016 | 20.0% | – |
See a number that looks wrong?