3M Company (MMM) Stock

3M Company (MMM) is a Healthcare stock trading at $178.18 (as of 2026-08-20), with a market capitalization of $91.89B and a trailing P/E of 30.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

3M is a diversified technology company with four business segments—Safety and Industrial, Transportation and Electronics, Health Care, and Consumer—producing products such as industrial abrasives and finishing, autobody repair solutions, electrical and adhesive products, and protective equipment. It also offers transportation materials and electronics-related solutions, health care and food safety offerings, and consumer products for worldwide customers.

Understand 3M Company: how it makes money

3M makes and sells a diversified set of technology products, including industrial abrasives and finishing, autobody repair and closure systems, electrical products and materials, adhesives and tapes, and health care and consumer offerings, and it earns money from selling these products across its segments.

3M’s profit model is driven by how product sales across multiple end-markets (Safety and Industrial, Transportation and Electronics, Health Care, and Consumer) translate into segment revenue, with the shown adjusted segment totals also including a Corporate and Other residual.

Revenue by segment (latest quarter)
SafetyInd$2.9B
TransElec$1.9B
Consumer$1.1B
CorpOther$0.1B

Business quality (Strong): The company is structurally diversified across multiple product segments, but the provided segment revenue inputs do not include a separate adjusted Health Care figure that reconciles to total revenue, so investors should verify segment definitions in the source filing.

Valuation: At 31× earnings, MMM trades in line with the Medical Equipment average (32×). Note: one-time items can distort reported P/E.

Bull case

  • Broad product mix across major segments: 3M operates across four segment categories (Safety and Industrial, Transportation and Electronics, Health Care, and Consumer), with product offerings ranging from industrial materials and finishing to health care and consumer-related solutions.
  • Profitable quarter by operating margin: For the quarter ended 2026-03-31, gross margin was 40.7% and operating margin was 23.2%, indicating operating profitability from its product mix.

Bear case

  • Segment reconciliation issue in the provided data: The adjusted segment revenue values that sum to total revenue include Safety and Industrial, Transportation and Electronics, Consumer, and Corporate and Other, while a separate adjusted Health Care segment figure is not shown in the provided breakdown.
  • Dependence on segment sales translation to margins: Because the profit model is tied to segment revenue across multiple categories, changes in segment sales and mix can affect profitability even if total company revenue remains similar.
Valuation — source: SEC EDGAR (first-party)
Price$178.18
Market Cap$91.89B
P/E Ratio30.7
EV / EBITDA16.9
Price / Book30.58
Price / Sales3.65
Dividend Yield1.7%
FCF Yield4.3%
DCF Value (model)$51.61
DCF Upside vs Price-71.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$24.95B
Net Margin13.0%
Return on Equity99.7%
Debt / Equity4.18
Current Ratio1.24
Revenue Growth (YoY)2.5%
EPS Growth (YoY)32.6%
FCF Growth (YoY)-165.7%
Financial Health — source: SEC EDGAR
Altman Z-Score4.41 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E30.7
Sector P/E (Healthcare)21.6
Industry P/E (Medical Equipment)32.9
vs Sector42.0%
vs Industry-6.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($7.85B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorHealthcare
IndustryMedical Equipment
CEOWilliam Brown
Employees61,500
CountryUS
IPO Date1946-01-14

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MMM earnings history · MMM institutional & insider holders · MMM KPIs & operating metrics · MMM financials · MMM investor presentations & press releases · MMM SEC filings · MMM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.