3 
3M MMM · USD
Industrials · Industrial Conglomerates · US listing · 🇺🇸 United States
S&P 500Dow Jones
188.63
+1.88%
Close of 9 Nov 2026, in USD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in USD, from our data supplier.
Revenue
$24.95bn
FY2016FY2025
Net income
$3.25bn
FY2016FY2025
Free cash flow
$1.40bn
FY2016FY2025
Shareholders' equity
$4.70bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.95bn | $24.57bn | $32.68bn | $34.23bn | $35.35bn | $32.18bn | $32.14bn | $32.77bn | $31.66bn | $30.11bn |
| Gross profit | $9.87bn | $10.08bn | $14.20bn | $14.97bn | $16.61bn | $15.60bn | $15.31bn | $16.19bn | $15.66bn | $14.98bn |
| Research and development | $1.17bn | $1.07bn | $1.84bn | $1.86bn | $1.98bn | $1.86bn | $1.87bn | $1.82bn | $1.86bn | $1.74bn |
| Operating income | $4.56bn | $4.93bn | −$9.13bn | $4.47bn | $7.53bn | $6.96bn | $6.97bn | $7.77bn | $7.50bn | $7.19bn |
| Net income | $3.25bn | $4.17bn | −$7.00bn | $5.78bn | $5.92bn | $5.45bn | $4.57bn | $5.35bn | $4.86bn | $5.05bn |
| Diluted earnings per share | 6.03 | 7.64 | -12.59 | 10.45 | 10.21 | 9.33 | 7.84 | 9.03 | 7.92 | 8.23 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $37.73bn | $39.87bn | $50.58bn | $46.45bn | $47.07bn | $47.34bn | $44.66bn | $36.50bn | $37.99bn | $32.91bn |
| Cash and short-term investments | $5.93bn | $7.73bn | $5.79bn | $3.89bn | $4.76bn | $5.04bn | $2.45bn | $3.23bn | $4.13bn | $2.68bn |
| Total liabilities | $32.99bn | $35.97bn | $45.71bn | $31.68bn | $31.95bn | $34.41bn | $34.53bn | $26.65bn | $26.36bn | $22.56bn |
| Debt | $12.60bn | $13.09bn | $16.09bn | $16.02bn | $17.46bn | $18.91bn | $20.45bn | $14.70bn | $14.01bn | $11.70bn |
| Shareholders' equity | $4.70bn | $3.84bn | $4.81bn | $14.72bn | $15.05bn | $12.87bn | $10.06bn | $9.80bn | $11.56bn | $10.30bn |
| Shares outstanding | 539m | 546m | 555m | 553m | 580m | 584m | 583m | 593m | 613m | 614m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $2.31bn | $1.82bn | $6.68bn | $5.59bn | $7.45bn | $8.11bn | $7.07bn | $6.44bn | $6.24bn | $6.66bn |
| Capital spending | −$910.0m | −$1.18bn | −$1.61bn | −$1.75bn | −$1.60bn | −$1.50bn | −$1.70bn | −$1.58bn | −$1.37bn | −$1.42bn |
| Free cash flow | $1.40bn | $638.0m | $5.07bn | $3.84bn | $5.85bn | $6.61bn | $5.37bn | $4.86bn | $4.87bn | $5.24bn |
| Dividends paid | −$1.18bn | −$1.98bn | −$3.31bn | −$3.37bn | −$3.42bn | −$3.39bn | −$3.32bn | −$3.19bn | −$2.80bn | −$2.68bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.50bn | $6.03bn | $6.13bn | $6.52bn | $6.34bn | $5.95bn | $6.01bn | $6.29bn |
| Gross profit | $2.68bn | $2.46bn | $2.06bn | $2.73bn | $2.65bn | $2.44bn | $2.27bn | $2.64bn |
| Operating income | $984.0m | $1.14bn | $794.0m | $1.61bn | $1.16bn | $1.39bn | $1.01bn | $1.50bn |
| Net income | $933.0m | $653.0m | $577.0m | $834.0m | $723.0m | $1.12bn | $728.0m | $1.37bn |
| Diluted earnings per share | 1.77 | 1.24 | 1.07 | 1.55 | 1.34 | 2.07 | 1.33 | 2.51 |
| Cash from operations | $986.0m | $574.0m | $1.58bn | $1.76bn | −$954.0m | −$79.0m | $1.82bn | −$1.79bn |
| Capital spending | −$223.0m | −$225.0m | −$248.0m | −$218.0m | −$208.0m | −$236.0m | −$291.0m | −$246.0m |
| Free cash flow | $763.0m | $349.0m | $1.33bn | $1.54bn | −$1.16bn | −$315.0m | $1.53bn | −$2.03bn |
| Total assets | $34.92bn | $35.44bn | $37.73bn | $37.61bn | $37.99bn | $39.95bn | $39.87bn | $40.88bn |
| Cash and short-term investments | $3.33bn | $4.15bn | $5.93bn | $5.19bn | $4.21bn | $7.02bn | $7.73bn | $7.29bn |
| Debt | $1.65bn | $12.56bn | $12.94bn | $12.78bn | $13.33bn | $13.65bn | $13.21bn | $13.36bn |
| Shareholders' equity | $2.95bn | $3.26bn | $4.70bn | $4.63bn | $4.29bn | $4.46bn | $3.84bn | $4.64bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.0% | -5.0% | -1.9% |
| Operating income | 0.7% | -8.1% | -4.0% |
| Net income | -17.4% | -9.8% | -3.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 40.3% | 42.2% | 44.2% | 46.4% |
| Operating margin | 19.2% | 4.2% | 10.5% | 16.3% |
| Net margin | 15.0% | 5.3% | 9.6% | 12.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.5 | 16.9 | -8.7 | 11.5 | 17.4 | 18.7 | 22.5 | 21.1 | 29.7 | 21.7 |
| Price to sales | 3.5 | 2.9 | 1.9 | 1.9 | 2.9 | 3.2 | 3.2 | 3.5 | 4.6 | 3.6 |
Market value over time
31 Oct 2016 to 11 Sept 2026, in USD
$85.55bn$87.04bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 29% | 18% | -13% | -29% | -2% | 0% | -6% | -21% | 33% | 22% |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 24 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.34 | 2.92 | 3.363 | 5.017 | 4.983 | 4.95 | 4.916 | 4.816 |
- 1-to-1 reverse split · 1 Sept 2022
- 2-for-1 split · 30 Sept 2003
- 2-for-1 split · 11 Apr 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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