MMM
3M
$163.22
▲ 1.6%Updated Today 7:15 PM ET
▲ Up 12.7% over the last 12 months
Market Cap
$83.76B
P/E
30.04x
Forward P/E (est.)
42.91x
ROE
66.0%
Revenue Growth
2.1%
EPS Growth
-34.5%
Profit Margin
11.1%
FCF Yield
-6.1%
Debt / Equity
2.68x
ROIC
23.0%
Interest Coverage
4.91x
Current Ratio
1.59x
Dividend Yield
2.0%
Implied Growth (rev. DCF)
7.2%
Rating Score
33/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what MMM's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. MMM trades near $163.22, above its 50-day average ($150.22) and 200-day average ($157.62). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 67 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. MMM's is $4.39 (~2.7% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month MMM found buyers near $147.32 (support) and sellers near $164.30 (resistance); its 52-week range is $139.34–$177.41. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
3M (MMM) is a large-cap company in the Industrial Conglomerates industry, part of the Industrials sector of the S&P 500, with a market value around $83.76B.
In its latest reported year it generated about $24.95B in revenue and $3.25B in net profit.
Our model rates MMM Weak (33/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
-8.3%
Revenue moved from $35.35B in 2021 to $24.95B in 2025, a -8.3% compound annual growth rate. The most recent year was roughly flat (2.1%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
39.7%
Operating Margin
18.6%
Net Margin
13.0%
ROE
66.0%
3M keeps about 11.1% of each sales dollar as net profit, with a 39.7% gross margin and 18.6% operating margin. Return on equity is 66.0% and return on invested capital about 23.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$12.60B
Net Debt
$10.43B
Net Debt / EBITDA
2.25x
Debt / Equity
2.68x
Leverage: debt-to-equity is 2.7x, and operating profit covers interest about 4.9x, with a current ratio of 1.6x. That is elevated leverage, which raises risk if earnings or rates move against it. It carries roughly $12.60B of total debt against $2.17B of cash.
Operating CF
$2.31B
Free Cash Flow
$1.40B
FCF Margin
5.6%
In the latest year 3M produced about $2.31B of operating cash flow and $1.40B of free cash flow after capital spending. That is a free-cash-flow yield of about -6.1% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
30.04x
P/S
3.38x
P/B
17.97x
EV / EBITDA
15.96x
MMM trades at 30.0x trailing earnings (about 42.9x on estimated forward earnings), 3.4x sales, and 18.0x book value. Reverse-engineering today's price implies the market expects roughly 7.2% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How MMM stacks up against its Industrials peers — valuation, profitability, and growth versus the sector median.
In the Industrials sector (80 S&P 500 companies), MMM ranks #75 of 80 by our overall rating. It trades at roughly in line versus the sector on earnings (30x P/E vs. 30x median) with a higher return on equity (66.0% vs. 24.7%) and slower revenue growth (2.1% vs. 5.0%).
P/E vs sector
30x
median 30x
ROE vs sector
66.0%
median 24.7%
Growth vs sector
2.1%
median 5.0%
Sector rank
#75
of 80 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Industrials companies by sub-industry and size. Sector median is across all 80 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$129.76 – $216.26
vs. $163.22 today · expected CAGR -4% – 6%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $25.70B | $26.47B | $27.26B | $28.08B | $28.92B |
| Net income | $3.34B | $3.44B | $3.54B | $3.65B | $3.76B |
| EPS | $6.40 | $6.60 | $6.79 | $7.00 | $7.21 |
| Share price (low) | $115.29 | $118.75 | $122.31 | $125.98 | $129.76 |
| Share price (high) | $192.14 | $197.91 | $203.85 | $209.96 | $216.26 |
| CAGR (low–high) | -29% / 18% | -15% / 10% | -9% / 8% | -6% / 6% | -4% / 6% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for MMM:
- Strong return on equity (66.0%) shows capital is put to work well.
- As an established S&P 500 member in Industrials, it brings scale and a long operating history.
The case against MMM:
- Revenue growth is slow (2.1%), limiting the upside engine.
- Elevated leverage (debt/equity 2.7x) adds financial risk.
- Limited free cash flow at today's price.
- Our model's overall read is Weak (33/100).
Valuation risk — at 30.0x earnings, disappointing results could compress the multiple.
Balance-sheet risk — debt/equity of 2.7x magnifies the impact of higher rates or weaker earnings.
Growth risk — sluggish revenue (2.1%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen weakly: 3M is a large-cap industrials business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at 30.0x earnings, which our model scores Weak (33/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.