3M Company logo

3M Company(MMM)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
4-STAR RATING
PASS
LAST CLOSE
$161.89
10/02/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for MMM

10/02/2026: MMM (4-star) is currently NOT-A-BUY. Pass it for now.

3M Company is a diversified global industrial manufacturer known for its wide portfolio of materials, safety, and consumer products. The company benefits from strong brand recognition and a legacy of R&D innovation, though it is currently undergoing significant restructuring to sharpen its focus. Its investment story is centered on operational improvement and successful portfolio management, offset by the challenges of managing environmental legal liabilities. While 3M has historically attracted dividend-focused investors, the stock is currently viewed as a complex turnaround situation. Investors should closely monitor the resolution of legacy litigation and the progress of the company's margin expansion initiatives.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fit3M is currently a mature, restructuring industrial company rather than a high-growth technology play.
Momentum investorMixed fitMomentum is conditional on clear signals of successful margin expansion and the resolution of major legal overhangs.
Value investorStrong fit while signal remains positiveThe company may offer value potential if the market discounts the stock too heavily due to temporary legal liabilities.
Dividend investorStrong fit while signal remains positiveDespite a recent reset, 3M remains committed to paying a sustainable dividend to its shareholders.
Low-risk investorMixed fitLegal and regulatory risks introduce volatility that may not suit the most conservative risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highLegal news and restructuring updates frequently trigger sharp stock price movements.
Valuation riskMediumThe stock valuation remains sensitive to how the market prices long-term environmental liability settlements.
Competition risk (Industrial Conglomerates)MediumIncreased pressure from leaner, specialized industrial competitors impacts pricing power.
Business qualityStrongThe company maintains a strong franchise of essential industrial and consumer products.
Dividend incomeMediumWhile consistent, the dividend yield has been adjusted and remains tied to cash flow stability.
Execution riskHighSuccessfully executing a post-spin-off strategy while managing litigation is a complex management challenge.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 50.52%
Avg. Invested days 84
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 5.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/02/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
MMM receives a 4-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
MMM has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 5.6%) and solid profitability (net margin 13.0%) are partially offset by negative earnings growth (-22.1%), moderate revenue growth (+1.5%), very low insider ownership of 0.10%.

Financial Health Rating

★★★★★
MMM's financial health is supported by strong cash strength, including free-cash-flow generation of $1.4B (5.6% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is MMM's strongest growth driver at +118.8% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+1.5%, moderate) and earnings growth (-22.1%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 76.7% and approximately 99.8% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.10%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 8.74%
JPMorgan Chase & Co 7.65%
Vanguard Capital Management, LLC 6.61%
State Street Corp 5.40%
Geode Capital Management, LLC 2.32%

Unit Economics (Per $1K Revenue)

★★★★★
MMM generates approximately $396 of gross profit, $183 of operating income, and $56 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and weak cash conversion support a 3-star rating, while capital efficiency is strong.

Economic Dimensions

★★★★★
Effective Tax Rate: 23.81%

Quantitative Style Profile

★★★★★
MMM has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

Quality TiltLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 84.07B USD
Price to earnings Ratio 29.16
1Y Target Price 186.98
Price to earnings Ratio 29.16
1Y Target Price 186.98
Volume (30-day avg) 2.9M shares
Beta 1.07
52 Weeks Range 138.02 - 184.09
Updated Date 10/02/2026
52 Weeks Range 138.02 - 184.09
Updated Date 10/02/2026
Dividends yield (FY) 1.84%
Basic EPS (TTM) 5.59

How Company Makes Money

Business areaWhat it includesRetail investor read
Safety and IndustrialAdhesives, abrasives, and PPE for industrial use.This is the company's largest and most core operational engine for industrial demand.
Transportation and ElectronicsMaterials for automotive, display, and road safety.Revenue here tracks with global automotive production and tech hardware trends.
ConsumerScotch, Post-it, and Command brands.These are household staples that provide consistent, though low-growth, cash flow.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 29.16
Forward PE 17.83
Enterprise Value 97.05B
Price to Sales(TTM) 3.34
Enterprise Value 97.05B
Price to Sales(TTM) 3.34
Enterprise Value to Revenue 3.85
Enterprise Value to EBITDA 15.75
Shares Outstanding 515.72M
Shares Floating 514.86M
Shares Outstanding 515.72M
Shares Floating 514.86M
Percent Insiders 0.1
Percent Institutions 76.69

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

News (Last Updated: 10/02/2026)

About 3M Company

Exchange NYSE
Headquarters Saint Paul, MN, United States
IPO Launch date 1970-01-02
CEO & Chairman Mr. William M. Brown
Sector Industrials
Industry Conglomerates
Full time employees 60500
Full time employees 60500

3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment and bonding, films, sound, and temperature management for transportation vehicles; format graphic films for advertising and fleet signage; reflective signage for highway and vehicle safety; light management films and electronics assembly solutions; chip packaging and interconnection solutions; semiconductor production materials; and data center solutions. The Consumer segment offers cleaning products for the home; consumer air quality products; picture hanging accessories; retail abrasives, paint accessories, and safety products; stationery and office products; automotive appearance products; and consumer bandages, tapes, braces, and supports. It serves automotive; commercial solutions; consumer markets; design and construction; electronics; energy; government; manufacturing; safety; transportation industries. The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, channel partner, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.