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3M COMMM

Sector
Healthcare
Industry
Surgical & Medical Instruments & Apparatus
Exchange
NYSE

Stock Price $MMM

Latest filings

You are here#19 of 57 in Industrials by market cap

Filing record · 2016–202610-K1110-Q338-K187

MMM filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 187 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Deal closed8-K · Oct ’19Oct ’19
  3. Leadership change8-K · Nov ’21Nov ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $24.95B
YoY changeLargest recent move−26.0%in FY22Latest +1.5%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All MMM Financial Metrics61 metrics

Income Statement16

Balance Sheet27

Cash Flow13

Per Share5

02—Overview

3M CO Financial Overview 2021–2025

Updated Jul 10, 2026

3M absorbed a staggering $15.2 billiona in pre-tax litigation charges in FY2023 to settle legacy public water system and earplug liabilities, a move that fundamentally reshaped its balance sheet. This colossal clearing of the decks underscores the core investment thesis: 3M is aggressively shrinking its operational footprint to execute a massive, multi-year de-risking strategy.

The financial impact of this transformation is most visible in the top line, as total revenue fell from $35.4 billion in FY2021 to $24.9 billionb in FY2025 following the April 2024 spin-off of its Health Care unit and a complete exit from PFAS manufacturing. Despite this structural revenue contraction, the remaining core businesses stabilized, with the Safety and Industrial segment posting a 3.9% sales increase and improved operating margins in FY2025. Management leaned heavily into capital returns to offset the portfolio turbulence, ramping up stock repurchases from $1.8 billion in FY2024 to $3.3 billion in FY2025, alongside $1.6 billion in dividends. These shareholder distributions occurred even as the company navigated heavy cash outflows, with combined legal settlement payments reaching $8.2 billion by the end of FY2025.

Investors largely rewarded this leaner structure and reduced legal uncertainty. At the close of FY2025, 3M commanded a market cap of $84.9 billionc, with the stock priced at $160.10. This valuation placed the restructured company at 26.7x its GAAP earnings of $6.00 per share for the fiscal year.

Recent Developments (Q4 2025 and Q1 2026)

3M kicked off Q1 2026 by posting $6.03 billiond in net sales, a 1.3% year-over-year increase, alongside a 14% jump in adjusted earnings per share to $2.14. Management is moving to expand its industrial footprint, taking on a $1.43 billion term loan and a $200 million revolving credit facility in May 2026 to acquire Madison Safety & Flow Holdings.

Bulls argue the company is demonstrating core operational efficiency, highlighted by a 0.3 percentage point expansion in adjusted operating margins and solid 3.2% organic sales growth in the Safety and Industrial segment. Conversely, bears warn that ongoing special item costs related to legacy liabilities—which slashed GAAP earnings by 40% to $1.23e per share—leave the stock looking richly valued at 24.7x earnings as of April 21, 2026.

What to watch: integration progress of the Madison Safety acquisition; the magnitude of future special item charges dragging on GAAP profitability.

03—Filings

Recent SEC Filings

  1. 8-K3M CO 8-K Report, Financial Results (Oct 20, 2026)3M Company reported strong third-quarter 2026 results, exceeding expectations and leading to an upward revision of its full-year Earnings Per Share (EPS) guidance. The company announced GAAP sales of $6.6 billion, a 1.0% increase year-over-year, with adjusted sales growing 3.3%. Significantly, GAAP EPS surged by 70% to $2.63, and adjusted EPS grew by 12% to $2.50, demonstrating improved profitability. The strong performance was underpinned by robust operating margins, with adjusted operating margin reaching 26.2%, up 110 basis points. The company also reported solid cash flow generation, with adjusted free cash flow of $1.2 billion for the quarter. Strategic partnerships, including an expanded relationship with Amazon for data center products and collaborations in advanced materials and display technologies, highlight 3M's focus on innovation and future growth drivers.
  2. 8-K3M CO 8-K Report, Regulation FD Disclosure (Oct 19, 2026)3M Company announced on October 19, 2026, a significant expansion of its strategic commercial relationship with Amazon.com, Inc. This collaboration is underscored by the issuance of a warrant to an Amazon subsidiary, granting them the right to purchase over 3.16 million shares of 3M common stock at a price of $164.89 per share over seven years. This equity component is directly tied to Amazon's future purchases of 3M's optical connectivity and data center products, with the majority of shares vesting upon Amazon reaching $6 billion in cumulative payments for these products.
  3. 8-K3M CO 8-K Report, Corporate Update (Sep 10, 2026)3M Company (MMM) has filed an 8-K report detailing the closing of a significant debt offering on September 10, 2026. The company successfully issued €1.5 billion in aggregate principal amount of notes across three tranches: €500 million in 3.500% Notes due 2028, €500 million in 3.900% Notes due 2031, and €500 million in 4.100% Notes due 2034. This offering was conducted under the company's existing registration statement filed earlier in 2026, and the net proceeds are earmarked for general corporate purposes, including potential debt repayment or refinancing. This debt issuance represents a strategic move by 3M to manage its capital structure and ensure liquidity. Investors should note the specific interest rates and maturity dates for each tranche of notes, which provide a clear picture of the company's cost of borrowing for these new obligations. The intended use of proceeds suggests a focus on optimizing the company's balance sheet and financial flexibility.
  4. 8-K3M CO 8-K Report, Material Agreement (Aug 19, 2026)3M Company (MMM) has entered into a new $4.25 billion revolving credit facility, replacing its previous agreement. This new facility, effective August 17, 2026, provides significant liquidity and extends the maturity date to five years from the effective date. It offers flexibility in borrowing options with interest rates tied to Base Rate or Term SOFR/EURIBO, adjusted by the Company's credit rating. The new agreement also includes provisions for potential increases in the facility size and term extensions, subject to lender approval. This proactive refinancing demonstrates 3M's commitment to maintaining robust financial flexibility and ensuring access to capital for its ongoing operations and strategic initiatives.
  5. 8-K3M CO 8-K Report, Financial Results (Jul 21, 2026)3M reported second-quarter 2026 results on July 21, 2026, with GAAP sales of $6.5 billion (up 2.4% YoY), GAAP EPS of $1.78 (up 33% YoY, though flattered by a $0.60 non-cash gain on its Solventum stake), and adjusted EPS of $2.40 (up 11%). Adjusted organic sales growth was a healthy 5.4%, and adjusted operating margin expanded 40 bps to 24.9%. GAAP operating margin fell 290 bps to 15.1%, driven largely by a $336 million loss on business divestitures (the Dyneon GmbH subsidiary), litigation and PFAS exit costs, and transformation costs. Cash generation improved, with Q2 operating cash flow of $1.0 billion and adjusted free cash flow of $1.3 billion, and the company returned $1.4 billion to shareholders. Management raised full-year 2026 adjusted EPS guidance to $8.80-$8.95 from $8.50-$8.70, and now expects adjusted organic sales growth above 3.5%, adjusted operating margin expansion of 70-80 bps, and adjusted operating cash flow of $5.8-$6.0 billion. The guidance excludes the Madison Fire & Rescue acquisition, which closed July 1, 2026. Investors should note that GAAP results remain heavily affected by special items, including PFAS and litigation costs, which continue to be a material overhang. Balance sheet data also show cash falling to $2.96 billion from $5.24 billion at year-end 2025, and total equity dropping to $3.0 billion from $4.7 billion, partly reflecting share repurchases and dividends of $3.8 billion in the first half. Overall, the quarter shows solid underlying operating performance and an upgraded outlook, while the gap between GAAP and adjusted results, along with ongoing PFAS-related liabilities, remains the key item for investors to monitor.
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04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.