3M Co.

3M Co.

MMM

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Market Cap$83.37B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
3M Co.3M Co.30.61.89%85%3.63.8

Earnings Call Q2 2026

July 21, 2026 - AI Summary

Q2 performance beat expectations (growth, margins, earnings, cash) - Organic sales growth: +5.4% (mid-single digits) - Operating margin: 24.9%, +40 bps YoY - EPS: $2.40, +11% YoY (and GAAP EPS $1.78, +33% YoY) - Free cash flow (FCF): $1.3B, 107% cash conversion - Capital returns: $1.4B to shareholders in the quarter ($400M dividends + $1.0B share repurchases)
Guidance raised for full-year 2026 across sales, EPS, and FCF - Organic growth outlook: raised from ~3% to >3.5% for the year - EPS guidance: raised to $8.80–$8.95 (from $8.50–$8.70), implying +9% to +11% YoY - FCF guidance: raised by $100M to $4.7B–$4.9B, implying >100% conversion - Oil inflation: updated to $150M–$175M (from $125M prior); expected to be fully covered by price actions in Q2, but impacts margin rate by ~20 bps - 2H expectations: management expects high-3%+ organic growth (described as >2x macro) and ~+100 bps operating margin expansion vs prior year
What’s driving the upside: commercial execution + innovation “inflection” - Cross-selling improving: $110M opportunities booked + $120M in pipeline, >40% QoQ, ahead of Investor Day goal - Innovation ramp: 92 new products in Q2 (+44% YoY); 176 launches in first half - Scale target: >350 new products in 2026; ~1,000 launches by 2027 - Innovation productivity: development cycle time reduced ~20% vs earlier baseline; new product sales contribution rising (five-year new product sales ~$4B in 2026; vitality index mid-teens this year, ~20% next year) - Sustainability thesis: CEO frames performance as mostly “internal performance,” positioning outgrowth vs macro as a repeatable model (e.g., ~2x macro), though exact timing depends on innovation ramp and churn improvement

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$190.00

Target Price by Analysts

11.3% upside3M Target Price DetailsTarget Price
$58.05

Current Fair Value

66% downside

Overvalued by 66% based on the discounted cash flow analysis.

Share Statistics

Market cap$83.37 Billion
Enterprise Value$92.19 Billion
Dividend Yield$3.02 (1.89%)
Earnings per Share$6.04
Beta1.08
Outstanding Shares529,100,000

Return

Return on Equity85.41%ROE
Return on Assets7.86%
Return on Invested Capital15.27%

Valuation & Multiples

P/E Ratio30.62P/E Ratio
PEG-73.81PEG
Price to Sales3.63Price to Sales
Price to Book Ratio28.46Price to Book Ratio
Enterprise Value to Revenue3.68
Enterprise Value to EBIT22.87
Enterprise Value to Net Income33
Total Debt to Enterprise0.14
Debt to Equity3.85Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 21, 2026
EPS Estimate
$2.25
Average shareholder expectation
Revenue Estimate
$6.40 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 20, 2026
EPS Estimate
$2.35
Average shareholder expectation
Revenue Estimate
$6.59 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 148.06%
Total Calls1,000 99.97%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %1.23% 71.51%
Total Invested$1.02B 98.17%
Investors Holding498 1728.00%

ESG Score

No data

About 3M Co.

96,163 employees
CEO: Michael Roman

3M Company is a diversified corporation manufacturing a wide range of products, including abrasives, adhesive tape and related products, and consumer-electronics components. It is headquartered in St. Paul, Minnesota. 3M apply science i...

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and analysis for all tax legislation. Its technical expertise and reports directly inform and influence the tax policies that affect 3M's corporate tax burden, capital investment incentives, and overall financial structure.

Finance

As the primary tax-writing committee, it controls corporate taxation and international trade policy. These areas have a direct and significant impact on 3M's profitability, global supply chains, and overall competitiveness as a large, multinational corporation.

Appropriations

This committee directly allocates discretionary federal spending across all government departments. As a major government contractor, 3M's sales to various federal agencies (defense, infrastructure, research) are directly impacted by the funding decisions made by this committee and its subcommittees.

Health, Education, Labor, and Pensions

With 96,000 employees, 3M is directly impacted by labor laws, minimum wage, and union regulations, all under this committee's jurisdiction. Furthermore, if 3M's 'apply science' includes medical or health-related products, FDA regulations (also overseen here) are critically important for product development and market access.

Armed Services

3M is a major industrial manufacturer that likely supplies a wide array of materials, components, and specialized products to the Department of Defense. This committee's authorization of the annual NDAA directly determines revenue streams and R&D funding for defense contractors, making it highly relevant to 3M's defense-related business.

Environment and Public Works

3M's vast manufacturing operations involve chemical processes and material production. This committee directly regulates the EPA, which sets environmental standards, waste disposal rules, and chemical regulations crucial to 3M's operational costs and product compliance. It also influences infrastructure spending where 3M materials are used.