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 statistics

112 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Jan 19, 2027 (estimated, before the open)
Last ex-dividend date: Aug 24, 2026
Fundamentals through: Sep 30, 2026
Share price as of: Nov 12, 2026

Valuation ratiosIndustry

Market Cap: $96.24B; $501.02M
Enterprise Value: $106.44B; $422.54M
PE Ratio: 27.76; 29.97
PS Ratio: 3.81; 3.04
PB Ratio: 23.32; 3.29
P/FCF Ratio: 35.95; 26.37
P/OCF Ratio: 26.52; 22.12

Enterprise valuationIndustry

EV / Sales: 4.22; 2.70
EV / EBITDA: 17.27; 18.53
EV / EBIT: 22.48; 24.04
EV / FCF: 39.76; 27.78

Share statisticsIndustry

Shares Outstanding: 517M; 43M
Shares Change (YoY): -2.57%; 3.22%
Shares Change (QoQ): 0.20%; 0.16%
Float: 516M; 37M
Shares Held by Insiders: 0.10%; 10.5%
Shares Held by Institutions: 75.0%; 60.2%

Short sellingIndustry

Short Interest: 10M; –
Short Interest Change: -0.65%; -2.57%
Short % of Float: 1.93%; 5.12%
Short % of Shares Outstanding: 1.93%; 3.98%
Days to Cover: 2.47; 3.94

Stock price statisticsIndustry

52-Week High: $196.90; –
52-Week Low: $139.34; –
20-Day Moving Average: $178.31; –
50-Day Moving Average: $170.35; –
200-Day Moving Average: $162.22; –
Average True Range (14): $4.86; –
Price Change (1 Week): -0.81%; 2.01%
Price Change (1 Month): 13.2%; -0.57%
Price Change (3 Months): 1.97%; -7.91%
Price Change (6 Months): 28.3%; -0.90%
Price Change (YTD): 16.3%; -0.82%
Price Change (1 Year): 10.4%; -1.18%
Price Change (3 Years): 100.9%; 6.56%
Price Change (5 Years): 1.40%; -49.8%
Price Change (10 Years): 6.37%; 57.3%
Average Volume (10 Days): 4M; –
Average Volume (20 Days): 4M; –
Average Volume (90 Days): 3M; –
Relative Volume: 1.14; 0.82
Relative Strength Index (14): 60.7; 47.7
Volatility (1 Year): 27.6%; 64.2%
Beta (5 Years): 1.01; 1.05

MarginsIndustry

Gross Margin: 39.5%; 55.9%
Operating Margin: 18.8%; -5.17%
Pretax Margin: 17.5%; -2.55%
Profit Margin: 14.0%; -9.23%
EBITDA Margin: 24.4%; -2.82%
FCF Margin: 10.6%; 0.40%

Returns on capitalIndustry

Return on Equity (ROE): 80.8%; -17.1%
Return on Assets (ROA): 9.17%; -12.2%
Return on Invested Capital (ROIC): 28.5%; -3.22%
Return on Capital Employed (ROCE): 17.1%; -8.13%

Financial positionIndustry

Current Ratio: 1.41; 2.45
Quick Ratio: 0.75; 1.53
Debt / Equity: 3.63; 0.42
Debt / EBITDA: 2.43; 2.19
Debt / FCF: 5.60; 3.62
Net Debt / EBITDA: 1.65; 1.53
Interest Coverage: 5.54; -1.68

GrowthIndustry

Revenue Growth (YoY): 1.70%; 9.24%
Net Income Growth (YoY): 3.97%; 13.4%
EPS Growth (YoY): 7.19%; 15.1%
FCF Growth (YoY): 68.6%; 7.64%
Revenue Growth (3Y CAGR): -1.57%; 7.08%
Revenue Growth (5Y CAGR): -4.97%; 11.8%
EPS Growth (3Y CAGR): -16.2%; 3.11%
EPS Growth (5Y CAGR): -8.51%; 7.64%

EfficiencyIndustry

Asset Turnover: 0.65; 0.59
Inventory Turnover: 3.83; 2.20
Revenue Per Employee: $417.31K; $330.60K
Profits Per Employee: $58.45K; -$41.39K
Employee Count: 60,500; 186
WACC: 9.19%; 9.71%

Income statement (TTM)Industry

Revenue: $25.25B; $106.81M
Gross Profit: $9.98B; $62.29M
Operating Income: $4.74B; -$4.10M
Pretax Income: $4.43B; -$1.69M
Net Income: $3.54B; -$6.19M
EBITDA: $6.16B; -$1.98M
EPS (Diluted): $6.71; -$0.08

Balance sheetIndustry

Cash & Short-Term Investments: $4.84B; $38.08M
Total Debt: $15.00B; $96.00M
Net Cash (Debt): -$10.16B; $3.73M
Net Cash Per Share: -$19.67; $0.24
Equity (Book Value): $4.13B; $63.44M
Book Value Per Share: $7.99; $3.26
Tangible Book Value: -$5.27B; $11.04M
Working Capital: $4.85B; $56.85M

Cash flow (TTM)Industry

Operating Cash Flow: $3.63B; -$541.49K
Capital Expenditures: -$952.00M; -$3.69M
Free Cash Flow: $2.68B; -$387.37K
FCF Per Share: $5.18; -$0.01

Dividends and yieldsIndustry

Earnings Yield: 3.67%; -4.70%
FCF Yield: 2.78%; 0.24%
Dividend Yield: 1.57%; 0.80%
Buyback Yield: 3.92%; 0.79%
Shareholder Yield: 5.49%; 1.05%
Dividend Per Share: $2.92; $0.72
Dividend Growth (YoY): -19.1%; 4.88%
Years of Dividend Growth: 0; 0
Payout Ratio: 45.3%; 24.3%
FCF Payout Ratio: 59.9%; 22.0%

Taxes and interestIndustry

Interest Expense: $855.00M; $5.33M
Income Tax: $850.00M; $1.63M
Effective Tax Rate: 19.2%; 18.3%

Scores and fair valueIndustry

Graham Number: $34.72; $38.11
Graham Upside: -81.4%; -56.3%
Altman Z-Score: 4.26; 2.44
Piotroski F-Score: 5; 5
Beneish M-Score: -2.26; -2.64

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	MMM	S&P 500	Difference	MMM per year	S&P 500 per year
1 month	+15.8%	-2.7%	+18.5 pts
3 months	+1.8%	-1.7%	+3.5 pts
Year to date	+18.0%	+11.9%	+6.1 pts
1 year	+10.9%	+12.0%	−1.1 pts
3 years	+160.6%	+78.2%	+82.4 pts	+37.6%	+21.2%
5 years	+44.5%	+73.2%	−28.7 pts	+7.6%	+11.6%
10 years	+75.9%	+309.6%	−233.8 pts	+5.8%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

10M MMM shares were sold short on Oct 30, 2026, down 0.6% from the previous report, or 1.93% of the shares available to trade. At recent volumes it would take 2.5 days to buy them back. Over the last 20 sessions, 53.0% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	9,968,964	-0.6%	4,032,860	2.5
Oct 15, 2026	10,033,780	+3.7%	2,739,035	3.7
Sep 30, 2026	9,678,344	-3.1%	3,078,217	3.1
Sep 15, 2026	9,984,335	+8.3%	2,953,673	3.4
Aug 31, 2026	9,219,411	-4.2%	2,656,365	3.5
Aug 14, 2026	9,620,113	-3.3%	2,586,015	3.7
Jul 31, 2026	9,948,845	-9.1%	4,629,240	2.1
Jul 15, 2026	10,945,314	+11.8%	2,519,919	4.3
Jun 30, 2026	9,794,330	-16.5%	4,216,228	2.3
Jun 15, 2026	11,728,170	+22.3%	3,873,027	3.0
May 29, 2026	9,588,196	+12.3%	4,043,473	2.4
May 15, 2026	8,536,243	+2.2%	3,960,355	2.2