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MMM

3M Company

US$163.02-0.69% (-US$1.13)
Day's range
US$162.33 – US$164.75
Day's volume
US$114.7m
52-week range
US$139.86 – US$182.98

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MMM in numbers

Market cap
US$84.4bn
P/E
28.05
P/B
28.48
Dividend yield (12m)
1.88%
Net debt/EBITDA
1.81

The 12-month dividend yield of MMM is 1.88%, below its 5-year average of 3.64%.

MMM price history

02/10/202501/10/2026
Compare with

MMM risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+0.05%+133.56%+30.43%
Volatility (annualised)22.25%27.36%28.19%
Largest drawdown-15.21%-15.21%-44.28%
Positive months6/1222/3631/60

How much did investing in MMM return?

US$1,000.00 invested on 01/10/2021 would be worth US$1,300.01 today.

Value today in MMM
US$1,300.01
Return over the period
+30.00%
Return per year
+5.39%
In the S&P 500
US$1,664.67

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

MMM fundamentals

Valuation

  • P/E
    28.05
  • P/B
    28.48
  • EV/EBITDA
    15.85
  • EV/EBIT
    20.61
  • EV/Revenue
    3.79
  • P/EBIT
    18.26
  • P/S
    3.35
  • P/OCF
    17.23
  • P/FCF
    21.18
  • Earnings yield
    4.85%
  • PEG ratio
    —
  • Earnings per share
    US$5.81
  • Book value per share
    US$5.72

Debt

  • Net debt
    US$10.9bn
  • Net debt/EBITDA
    1.81
  • Net debt/Equity
    3.69
  • Debt/Equity
    3.69
  • Current ratio
    1.24
  • Quick ratio
    0.91
  • Cash ratio
    —

Efficiency

  • Gross margin
    39.40%
  • EBITDA margin
    23.88%
  • Operating margin
    18.36%
  • Net margin
    11.90%
  • Asset turnover
    0.72

Profitability

  • ROE
    101.52%
  • ROA
    8.58%
  • ROIC
    25.70%
  • Payout
    52.83%

Growth

  • Revenue CAGR (5 years)
    -6.23%
  • Earnings CAGR (5 years)
    -12.87%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is MMM's fair price?

Two classic value formulas, with today's numbers. The current price is US$163.02.

Graham's fair price
US$27.36
83.22% below the price

√(22.50 × US$5.81 × US$5.72)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$70.77
56.59% below the price

US$4.25 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

MMM indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E25.9516.79-8.6411.4317.1318.5822.4820.51
P/B17.9318.2412.574.486.747.8710.0911.20
EV/EBITDA16.3313.44—13.2212.8013.1815.3214.12
Dividend yield1.82%2.60%5.49%4.97%3.33%3.36%3.26%2.86%
Earnings per shareUS$6.17US$7.69-US$12.66US$10.49US$10.37US$9.41US$7.85US$9.29
Book value per shareUS$8.93US$7.08US$8.70US$26.74US$26.35US$22.22US$17.48US$17.01
ROE69.12%108.62%-145.52%39.24%39.35%42.35%44.89%54.60%
ROIC20.38%23.79%-41.84%13.61%18.69%18.41%18.08%24.19%
Gross margin39.91%41.21%39.12%39.40%46.84%48.41%46.68%49.09%
EBITDA margin23.80%25.17%-35.36%23.70%26.26%28.19%24.17%26.54%
Net margin13.03%16.98%-28.42%22.08%16.75%16.93%14.06%16.33%
Net debt/EBITDA2.122.11—2.571.872.032.241.50

MMM financial statements

Line202520242023202220212020
Net revenueUS$24.9bnUS$24.6bnUS$24.6bnUS$26.2bnUS$35.4bnUS$32.2bn
Cost of sales-US$15bn-US$14.4bn-US$15bn-US$15.9bn-US$18.8bn-US$16.6bn
Gross profitUS$10bnUS$10.1bnUS$9.6bnUS$10.3bnUS$16.6bnUS$15.6bn
EBITDAUS$5.9bnUS$6.2bn-US$8.7bnUS$6.2bnUS$9.3bnUS$9.1bn
EBITUS$4.6bnUS$4.8bn-US$10.7bnUS$4.4bnUS$7.4bnUS$7.2bn
Net finance result-US$416m-US$3m-US$582m-US$165m-US$165m-US$366m
Profit before taxUS$4.2bnUS$4.8bn-US$11.3bnUS$4.2bnUS$7.2bnUS$6.8bn
Income tax-US$1bn-US$804mUS$2.9bn-US$188m-US$1.3bn-US$1.3bn
Net incomeUS$3.3bnUS$4.2bn-US$7bnUS$5.8bnUS$5.9bnUS$5.4bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does MMM pay dividends?

Dividend yield per year

  • 2.00%2017
  • 2.86%2018
  • 3.26%2019
  • 3.36%2020
  • 3.33%2021
  • 4.97%2022
  • 5.49%2023
  • 2.60%2024
  • 1.82%2025
  • 1.43%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend21/08/202611/09/2026US$0.78
Dividend21/05/202612/06/2026US$0.78
Dividend12/02/202612/03/2026US$0.78
Dividend13/11/202512/12/2025US$0.73
Dividend22/08/202512/09/2025US$0.73
Dividend22/05/202512/06/2025US$0.73
Dividend13/02/202512/03/2025US$0.73
Dividend14/11/202412/12/2024US$0.70
Dividend23/08/202412/09/2024US$0.70
Dividend22/05/202412/06/2024US$0.70
Dividend14/02/202412/03/2024US$1.26
Dividend15/11/202312/12/2023US$1.25
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend17/08/202312/09/2023US$1.25
Dividend17/05/202312/06/2023US$1.25
Dividend15/02/202312/03/2023US$1.25
Dividend16/11/202212/12/2022US$1.25
Dividend18/08/202212/09/2022US$1.25
Dividend18/05/202212/06/2022US$1.25
Dividend16/02/202212/03/2022US$1.25
Dividend17/11/202112/12/2021US$1.24
Dividend19/08/202112/09/2021US$1.24
Dividend19/05/202112/06/2021US$1.24
Dividend10/02/202112/03/2021US$1.24
Dividend18/11/202012/12/2020US$1.23
Dividend20/08/202012/09/2020US$1.23
Dividend20/05/202012/06/2020US$1.23
Dividend12/02/202012/03/2020US$1.23
Dividend20/11/201912/12/2019US$1.20
Dividend14/08/201912/09/2019US$1.20
Dividend22/05/201912/06/2019US$1.20
Dividend13/02/201912/03/2019US$1.20
Dividend20/11/201812/12/2018US$1.14
Dividend22/08/201812/09/2018US$1.14
Dividend16/05/201812/06/2018US$1.14
Dividend14/02/201812/03/2018US$1.14
Dividend21/11/201712/12/2017US$0.98
Dividend22/08/201712/09/2017US$0.98
Dividend16/05/201712/06/2017US$0.98
Dividend14/02/201712/03/2017US$0.98
Dividend15/11/201612/12/2016US$0.93

About 3m Company

Sector
Manufacturing

Questions about MMM

How much is MMM today?

MMM is at US$163.02 (-0.69% on the day), last traded on 01/10/2026.

How much did MMM pay in dividends in 2025?

MMM paid US$2.92 per share in 2025, a dividend yield of 1.82%.

What are the P/E and P/B of MMM?

MMM trades at a P/E of 28.05 and a P/B of 28.48.

How much did MMM return in 12 months?

MMM returned 0.05% in 12 months, with annualised volatility of 22.25% and a largest drawdown of -15.21%.