| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 41 | 29.2x | 17.8x | Around median | |
Growth | 15 | 2.3% | 7.1% | Bottom tier | |
Quality | 89 | 21.4% | 4.5% | Top tier | |
Safety | 67 | 1.6x | 2.6x | Top tier | |
Capital Return | 49 | 1.83% | 2.12% | Around median | |
Momentum | 67 | 18.2% | 2.9% | Top tier | |
Sentiment | 67 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
3M Company operates in materials science, converting its technologies into products serving the industrial, safety, transportation, electronics, and consumer markets. The Safety and Industrial and Transportation and Electronics segments together represented approximately 80% of the company’s business in Q2 FY2026, while the Consumer segment accounted for the remaining 20%. Growth opportunities come from materials such as adhesives, abrasives, and electrical accessories, as well as newer applications including Expanded Beam Optical connectors for data centers, Nextel fibers, and light-reflective threads for satellites.
In Q2 FY2026, revenue according to EDGAR filings was approximately $6.5 billion, gross profit was $2.7 billion, net income was $933 million, and GAAP earnings per share were $1.78. These figures equate to a gross margin of approximately 41.5% and a net income margin of approximately 14.4%, while on an adjusted basis the company recorded organic growth of 5.4%, an operating margin of 24.9%, up 40 basis points, and adjusted earnings per share of $2.40, up 11%. Free cash flow reached $1.3 billion, with cash conversion of 107%.
The performance mix was varied in Q2 FY2026; the Safety and Industrial segment grew organically by 8.2% and Transportation and Electronics by 5.9%, while Consumer declined by 2.1%. Within Transportation and Electronics, semiconductors, aerospace, and data centers, which represent approximately 20% of sales, achieved double-digit growth, while automotive was flat and consumer electronics declined by a low-single-digit percentage. On a trailing-twelve-month basis through the latest 2026 data, revenue reached $25.2 billion and net income was $3.0 billion, compared with revenue of $24.9 billion and net income of $3.3 billion in FY2025.
The analyst consensus rates MMM stock as a Buy, with an average target of $185 and a wide range of $145 to $218; the average is at a level that nearly matches the 52-week high of $184.90, while the low end of the range is $139.34. The highest target reflects optimism about accelerating innovation and improving margins, but the wide gap between the lowest and highest targets highlights uncertainty related to PFAS litigation, weakness in consumer and electronics markets, and the risks of scaling EBO.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Revenue according to EDGAR was approximately $6.5 billion, gross profit was $2.7 billion, and net income was $933 million in Q2 FY2026. GAAP earnings per share were $1.78, up 33% year over year according to the July 21, 2026 call. On an adjusted basis, the company recorded organic growth of 5.4%, an operating margin of 24.9%, and earnings per share of $2.40. It also generated free cash flow of $1.3 billion and cash conversion of 107%.
3M raised its organic growth forecast from 3% to more than 3.5% for FY2026. It raised the adjusted earnings-per-share range from $8.50–$8.70 to $8.80–$8.95, representing year-over-year growth of between 9% and 11%. It also increased free-cash-flow guidance by $100 million to a range of $4.7–$4.9 billion, with conversion exceeding 100%. Management attributes the increase to sales strength, improved productivity, and its capital-allocation strategy.
Microsoft became the first hyperscale computing operator to adopt 3M’s Expanded Beam Optical technology in Azure data centers during July 2026. The company says the connectors reduce the time required to install data-center circuits and begin generating revenue by approximately 85%, while also being more resistant to dust, vibration, and mishandling. 3M expects the technology to generate revenue of between $40 million and $50 million in FY2026, with the potential to grow fourfold or fivefold over several years. The company estimates the scalable market at approximately $1 billion in 2026 and $2 billion in 2028, with protection including approximately 100 patents and 50 applications pending.
Automated analysis for informational purposes only — not investment advice.
On August 17, 2026, the Australian federal government filed a lawsuit seeking more than $2 billion from 3M over PFAS contamination linked to firefighting foam used at 28 defense bases. Court documents allege that the company had known about the materials’ toxicity since 1973, but the data does not provide a final outcome for the lawsuit. On August 12, 2026, New Jersey obtained court approval for a $2.5 billion settlement with 3M and DuPont to address water contamination. Payments under that settlement extend for 25 years, with at least $150 million allocated to the state’s water bank.
The Safety and Industrial segment grew organically by 8.2% in Q2 FY2026, supported by double-digit growth in electrical accessories, industrial adhesives, abrasives, and industrial specialties. The Transportation and Electronics segment grew by 5.9%, with double-digit growth in semiconductors, aerospace, and data centers, businesses that represent approximately 20% of sales. In contrast, the Consumer segment declined by 2.1%, automotive was flat, and consumer electronics declined by a low-single-digit percentage. The Safety and Industrial and Transportation and Electronics segments together represented 80% of the company’s business and achieved growth of approximately 7% during the quarter.
3M launched 92 products in Q2 FY2026, up 44% year over year, bringing the first-half total to 176 products. The company is targeting more than 350 launches in FY2026 and more than 1,000 products by 2027, while reducing the development cycle by approximately 20%. It expects sales from products introduced during the past five years to reach approximately $4 billion in 2026 and the new-product vitality index to reach 20% in 2027. However, 75% of current launches fall within incremental category-three products, compared with only 25% for categories four and five, which target adjacent or new markets.
