US · USD

MMM

3M Company

$162.66-0.91% (-$1.49)
Day's range
$162.33 – $164.75
Day's volume
$114.4M
52-week range
$139.86 – $182.98

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MMM in numbers

Market cap
$84.4B
P/E
27.99
P/B
28.42
Dividend yield (12m)
1.89%
Net debt/EBITDA
1.81

The 12-month dividend yield of MMM is 1.89%, below its 5-year average of 3.64%.

MMM price history

10/01/202510/01/2026
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 (annualized)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?

$1,000.00 invested on 10/01/2021 would be worth $1,297.22 today.

Value today in MMM
$1,297.22
Return over the period
+29.72%
Return per year
+5.34%
In the S&P 500
$1,663.24

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

MMM fundamentals

Valuation

  • P/E
    27.99
  • P/B
    28.42
  • 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
    $5.81
  • Book value per share
    $5.72

Debt

  • Net debt
    $10.9B
  • 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 $162.66.

Graham's fair price
$27.36
83.18% below the price

√(22.50 × $5.81 × $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
$70.77
56.49% below the price

$4.25 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

MMM's indicators by year

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

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 share$6.17$7.69-$12.66$10.49$10.37$9.41$7.85$9.29
Book value per share$8.93$7.08$8.70$26.74$26.35$22.22$17.48$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's financial statements

Line202520242023202220212020
Net revenue$24.9B$24.6B$24.6B$26.2B$35.4B$32.2B
Cost of revenue-$15B-$14.4B-$15B-$15.9B-$18.8B-$16.6B
Gross profit$10B$10.1B$9.6B$10.3B$16.6B$15.6B
EBITDA$5.9B$6.2B-$8.7B$6.2B$9.3B$9.1B
EBIT$4.6B$4.8B-$10.7B$4.4B$7.4B$7.2B
Financial result-$416M-$3M-$582M-$165M-$165M-$366M
Income before tax$4.2B$4.8B-$11.3B$4.2B$7.2B$6.8B
Income tax-$1B-$804M$2.9B-$188M-$1.3B-$1.3B
Net income$3.3B$4.2B-$7B$5.8B$5.9B$5.4B

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
Dividend08/21/202609/11/2026$0.78
Dividend05/21/202606/12/2026$0.78
Dividend02/12/202603/12/2026$0.78
Dividend11/13/202512/12/2025$0.73
Dividend08/22/202509/12/2025$0.73
Dividend05/22/202506/12/2025$0.73
Dividend02/13/202503/12/2025$0.73
Dividend11/14/202412/12/2024$0.70
Dividend08/23/202409/12/2024$0.70
Dividend05/22/202406/12/2024$0.70
Dividend02/14/202403/12/2024$1.26
Dividend11/15/202312/12/2023$1.25
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/17/202309/12/2023$1.25
Dividend05/17/202306/12/2023$1.25
Dividend02/15/202303/12/2023$1.25
Dividend11/16/202212/12/2022$1.25
Dividend08/18/202209/12/2022$1.25
Dividend05/18/202206/12/2022$1.25
Dividend02/16/202203/12/2022$1.25
Dividend11/17/202112/12/2021$1.24
Dividend08/19/202109/12/2021$1.24
Dividend05/19/202106/12/2021$1.24
Dividend02/10/202103/12/2021$1.24
Dividend11/18/202012/12/2020$1.23
Dividend08/20/202009/12/2020$1.23
Dividend05/20/202006/12/2020$1.23
Dividend02/12/202003/12/2020$1.23
Dividend11/20/201912/12/2019$1.20
Dividend08/14/201909/12/2019$1.20
Dividend05/22/201906/12/2019$1.20
Dividend02/13/201903/12/2019$1.20
Dividend11/20/201812/12/2018$1.14
Dividend08/22/201809/12/2018$1.14
Dividend05/16/201806/12/2018$1.14
Dividend02/14/201803/12/2018$1.14
Dividend11/21/201712/12/2017$0.98
Dividend08/22/201709/12/2017$0.98
Dividend05/16/201706/12/2017$0.98
Dividend02/14/201703/12/2017$0.98
Dividend11/15/201612/12/2016$0.93

About 3m Company

Sector
Manufacturing

Questions about MMM

How much is MMM today?

MMM is at $162.66 (-0.91% on the day), last traded on 10/01/2026.

How much did MMM pay in dividends in 2025?

MMM paid $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 27.99 and a P/B of 28.42.

How much did MMM return in 12 months?

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