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MMM

3M Company
$171.37
+5.78% Oct 20 close
IndustrialsS&P 500 CompareTechnicals
1M3M6M1Y2Y
-8%-1%+6%+13%+20%Oct 2025Oct 2026Apr 2026
MMMSPY
1W
+5.3%
1M
+3.3%
3M
+0.8%
6M
+16.5%
YTD
+8.5%
1Y
+12.8%

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What they do

3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions.

Industrials · Conglomerates

For information only · Important disclosures

Grades vs sector

Momentum
39th percentile in sector
C-
12-1 return: +0.4%
Percentile within its GICS sector across the S&P 1500.
Growth
16th percentile in sector
D
Revenue growth (YoY): +2.5%
Percentile within its GICS sector across the S&P 1500.
Value
53rd percentile in sector
C+
Forward E/P: 6.0% · EBITDA/EV: 7.0%
Percentile within its GICS sector across the S&P 1500.
Profitability
83rd percentile in sector
A-
Profit margin: +11.9% · Return on equity: +81.9%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
 Momentum Top 15
ranked 232 of 499 · 12-month momentum 12.8%
 Momentum Blend
Not in the current book
 New Highs Growth
Outside this model's universe or screens
 Coteau Long Book
Not in the current book

News

More news
3M, AWS Expand Collaboration On Optical Connectivity For Data Centers
Nasdaq · Oct 21
3M's Amazon Deal Advances Data Center Growth Opportunity, RBC Says
MT Newswires · Oct 21
3M and AWS collaborate to advance optical connectivity innovation
PR Newswire · Oct 21
Outside Big Tech, Tuesday's Earnings Winners Jumped as Much as 11%
CNW Group · Oct 21
S&P 500, Dow Gain As Earnings Season Sets In, While SpaceX Aids Nasdaq After-Hours — SPCX, BA, MMM, NFLX, QCOM In Focus
Stocktwits · Oct 20

Key stats

Market value$90.1B
P/E (last 12 months)26.1
P/E (next 12 months, estimated)17.7
52-week range$139.34 – $184.90
Revenue growth (latest quarter vs a year ago)+2.5%
Dividend yield1.82%
Analyst consensusBuy (18)
Average analyst price target$189.26 (+10%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 71%
•Forward P/E vs sector17.7x vs median 17.1x
•Piotroski F-score5/9
▲Altman Z4.2 (safe)
▲Net debt / EBITDA1.4x
•Analyst target+10% (18 analysts)

Discounted cash flow

Bear
$26
-85%
growth -5% · disc. 10.5% · term. 2.0%
Base
$50
-71%
growth 0% · disc. 9.5% · term. 2.5%
Bull
$81
-53%
growth 3% · disc. 8.5% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 15% a year for 10 years.
Implied
+15%/yr
FCF, last 3 yrs
-29%/yr
FCF, last 5 yrs
-27%/yr
Revenue, last 3 yrs
-2%/yr
Revenue, last 5 yrs
-5%/yr
Same inputs as the DCF above: trailing free cash flow 2.7B, 9.5% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-09-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.06 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Industrials

P/E (trailing)
sector median 26.4× · 49th pct
 26.1×
cheaper
Forward P/E
sector median 17.1× · 54th pct
 17.7×
pricier
EV / EBITDA
sector median 14.8× · 58th pct
 16.0×
pricier
Price / sales
sector median 2.1× · 72nd pct
 3.6×
pricier
Price / book
sector median 3.5× · 98th pct
 21.8×
pricier
FCF yield
sector median 4.5% · 28th pct
 3.0%
pricier

Forward EPS $9.89 vs trailing $6.70 (+48% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
39.5%
Operating margin
18.8%
FCF margin
10.6%
Net margin
14.0%
Return on equity
85.7%
Return on invested capital
30.1%
Net debt / EBITDA
1.4×
Current ratio
1.4×
Interest cover
5.5×
Cash conversion (OCF/NI)
1.0×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✗ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 4.2 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$189
+10%
Analysts
18
Buy
Range
$125–$230
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$24.9B$3.2B$1.4B
2024$24.6B$4.2B$638.0M
2023$24.6B$-7.0B$5.1B
2022$26.2B$5.8B$3.8B
2021$35.4B$5.9B$5.9B
2020$32.2B$5.4B$6.6B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -1.6%.

Earnings

Next report: 2027-01-19 · before open · EPS est 2.03
25-0125-0425-0725-1026-0126-0426-0726-100.002.46
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-10-202.382.46+3.2%
2026-07-212.252.40+6.8%
2026-04-211.982.14+7.9%
2026-01-201.801.83+1.8%
2025-10-212.072.19+5.6%
2025-07-182.012.16+7.4%
2025-04-221.771.88+6.4%
2025-01-211.541.68+9.3%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$6.5B+2.5%
2026-03-31$6.0B–
2025-12-31$6.1B–
2025-09-30$6.5B–
2025-06-30$6.3B–
Rating changes
Reiterated
2026-10-21 · Citigroup reiterated Neutral on MMM
Reiterated
2026-10-21 · Bernstein reiterated Market Perform on MMM
Reiterated
2026-10-21 · JP Morgan reiterated Overweight on MMM
Reiterated
2026-10-21 · RBC Capital reiterated Underperform on MMM
Reiterated
2026-10-09 · JP Morgan reiterated Overweight on MMM
Initiated
2026-09-25 · Wells Fargo started covering MMM at Equal-Weight

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-08-24: $0.780 · 2026-05-22: $0.780 · 2026-02-13: $0.780 · 2025-11-14: $0.730 · 2025-08-25: $0.730 · 2025-05-23: $0.730 · 2025-02-14: $0.730 · 2024-11-15: $0.700
Insider trades
Chavez Rodriguez Beatriz Karina
Group President · 2026-08-05
Sell
$663.4K
Banovetz John Patrick
Executive Vice President · 2026-07-23
Sell
$1.3M
Reinseth Theresa E
Sr Vice President & CAO · 2026-07-23
Sell
$156.5K
Goralski Christian T Jr
Group President · 2026-07-22
Sell
$835.6K
Rhodes Kevin H
EVP, Chief Legal Off & Secret · 2026-07-22
Sell
$1.3M
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Stats refreshed 2026-10-21 18:14:59 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

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Beta 0.9 · Oct 21, 2026