3M Company

3M Company

MMMยทNYSE

$151.69

+0.50%
IndustrialsConglomerates

3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.

At a Glance

Live Snapshot
Market Cap$79.12B
EPS6.0400
P/E Ratio25.11
Earnings Date07/17/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is elevated (P/E 25.1).

Valuation inputs: P/E 25.1, earnings yield +4.0%, momentum +0.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is strong (ROE +69.1%, ROIC +11.5%).

Profitability stack: net margin +13.0%, ROE +69.1%, ROIC +11.5%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +87.4%, momentum +0.5%, net margin +13.0%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

mmm

3M Company Market vs Earnings Trajectory

MMM ยท NYSE

Loading price and EPS data...

3M Company

3M Company Fair Value Envelope

MMM ยท NYSE

Our analysis suggests that MMM has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $151.69, this represents a potential HIDDEN relative to our calculated worth for 3M Company.

Intrinsic Value
Current Price: $151.69
3Y-41.0%
5Y-36.0%
10Y-28.0%
3Y-27.0%
5Y-22.0%
10Y-17.0%
3Y-44.0%
5Y-40.0%
10Y-36.0%
3Y-59.0%
5Y-72.0%
10Y-65.0%
3Y-64.0%
5Y-79.0%
10Y-73.0%
3Y-19.0%
5Y-20.0%
10Y+15.0%
3M Company

3M Company Profit Bridge

MMM ยท NYSE
Revenue24.95B
Cost of Goods Sold (15.08B)
Gross Profit9.87B
Operating Expenses (5.31B)
Operating Income4.56B
Interest Expense (720.00M)
Other Income/Expense-350.00M
Pretax Income4.21B
Income Tax (1.00B)
Net Income3.25B
Net Income
3.25B

Profitability Analysis

Gross Margin

39.6%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

18.3%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

13.0%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

23.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

39.55%
Gross Profit Margin
-4%
3Y-10.0%
5Y-18.0%
10Y-20.0%
18.29%
Operating Profit Margin
-9%
3Y+54.0%
5Y-15.0%
10Y-22.0%
13.03%
Net Profit Margin
-23%
3Y-23.0%
5Y-23.0%
10Y-22.0%
69.12%
Return on Equity
-36%
3Y+76.0%
5Y+63.0%
10Y+41.0%
8.61%
Return on Assets
-18%
3Y-31.0%
5Y-25.0%
10Y-44.0%
11.53%
Return on Invested Capital
-14%
3Y+23.0%
5Y-16.0%
10Y-37.0%
MMM

3M Company Cash Conversion Engine

MMM ยท NYSE
Net Income3.27B
Depreciation & Amortization1.31B
Stock-Based Compensation225.00M
Change in Working Capital-3.20B
Others286.00M
Capital Expenditures-910.00M
Free Cash Flow1.40B

Cash Flow Quality Analysis

FCF Conversion Rate

42.8%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

39.5%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+118.8%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$3.20B

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

mmm

3M Company Funding & Solvency Profile

MMM ยท NYSE
Cash & Cash Equivalents3.73B
Net Receivables3.75B
Inventory3.69B
Other Current Assets2.80B
Total Current Assets14 B
Property, Plant & Equipment6.96B
Goodwill & Intangible Assets7.46B
Long-Term Investments0.00
Other Non-Current Assets6.62B
Total Non-Current Assets14 B
Total Assets
35.44B

Financial Health Analysis

Current Ratio

1.59x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

9.70x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

5 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

41% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

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3M Company Street Expectations Map

MMM ยท NYSE

Wall Street analysts project that MMM stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 166.75, with estimates ranging from a low of 136.00 to a high of 190.00.

Lowest Target
136.00
-10.34%
Consensus Target
166.75
9.93%
Highest Target
190.00
25.26%

The consensus 1-year price target stands at 166.75, with estimates ranging from a low of 136.00 to a high of 190.00.

Analyst Consensus Analysis

Upside Potential

+9.9%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

32.4% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

2.44x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

mmm

3M Company Insider Positioning

MMM ยท NYSE

During the last 12 months, insiders have sold $6.00M worth of MMM shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

26.2K

4.46M

Net Activity

-4.5M

-$4.46M

6-9 Months

Bought

0

0.00

Sold

526

88.25K

Net Activity

-88K

-$88K

9-12 Months

Bought

0

0.00

Sold

9.6K

1.45M

Net Activity

-1.4M

-$1.45M

Top Buyers

No buying activity

Top Sellers

1
DZL

Dickson Zoe L

Officer: Evp & Chief Hr Officer

25.2K sharesโ€ข2 transactions

$4.30M

2
GCTJ

Goralski Christian T Jr

Officer: Group President

6.2K sharesโ€ข1 transactions

$926K

3
RTE

Reinseth Theresa E

Officer: Sr Vice President & Cao

4.6K sharesโ€ข2 transactions

$718K

4
MMW

Murphy Mark W.

Officer: Evp & Chief Info Digital Off

350 sharesโ€ข1 transactions

$58K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $6.00M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

4 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

3.14%
Dividend Yield
594%
3Y+84.0%
5Y+242.0%
10Y+315.0%
ย 

mmm Dividend History

MMM
10Y CAGR 2%
Latest $0.78
Annual $3.75
Stable dividend payments
Last Period: +0%