3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment consists of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment consists of electronics, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment includes medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes office supply products, stationery products, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.
Highlights
3M's quick ratio has increased by 21% QoQ and by 7% YoY
MMM's P/E is 16% below its 5-year quarterly average of 22.2
The debt has grown by 30% YoY but it has contracted by 7% from the previous quarter
The gross profit has declined by 3.2% since the previous quarter and by 2.4% year-on-year
MMM's revenue is down by 3.1% QoQ and by 2.4% YoY
Key stats
What are the main financial stats of MMM
Market
Shares outstanding
576.02M
Market cap
$95.54B
Enterprise value
$112.94B
Valuations
Price to earnings (P/E)
18.62
Price to book (P/B)
8.79
Price to sales (P/S)
3.05
EV/EBIT
17.73
EV/EBITDA
13.87
EV/Sales
3.6
Earnings
Revenue
$31.35B
EBIT
$6.37B
EBITDA
$8.14B
Free cash flow
$6.02B
Per share
EPS
$8.91
Free cash flow per share
$10.43
Book value per share
$18.88
Revenue per share
$54.34
TBVPS
$44.52
Balance sheet
Total assets
$45.08B
Total liabilities
$34.16B
Debt
$21.62B
Equity
$10.86B
Working capital
$6.82B
Liquidity
Debt to equity
1.99
Current ratio
1.94
Quick ratio
1.23
Net debt/EBITDA
2.14
Margins
EBITDA margin
26%
Gross margin
47.6%
Net margin
16.4%
Operating margin
21.5%
Efficiency
Return on assets
11.5%
Return on equity
49.2%
Return on invested capital
18.1%
Return on capital employed
16.9%
Return on sales
20.3%
Dividend
Dividend yield
3.51%
DPS
$5.82
Payout ratio
65.3%
MMM stock price
How has the 3M stock price performed over time
Financial performance
How have 3M's revenue and profit performed over time
Revenue
$31.35B
Gross profit
$14.93B
Operating income
$6.74B
Net income
$5.13B
Gross margin
47.6%
Net margin
16.4%
The net margin has grown by 7% YoY and by 7% from the previous quarter
MMM's net income is up by 4.6% year-on-year and by 3.3% since the previous quarter
MMM's operating margin is up by 3.9% QoQ and by 3.9% YoY
The gross profit has declined by 3.2% since the previous quarter and by 2.4% year-on-year
Valuation
What is 3M stock price valuation
P/E
18.62
P/B
8.79
P/S
3.05
EV/EBIT
17.73
EV/EBITDA
13.87
EV/Sales
3.6
MMM's P/E is 16% below its 5-year quarterly average of 22.2
3M's EPS has increased by 5% YoY and by 3.4% QoQ
MMM's P/B is 12% below its 5-year quarterly average of 10.0
The company's equity rose by 8% YoY and by 7% QoQ
The price to sales (P/S) is 13% less than the 5-year quarterly average of 3.5 but 5% more than the last 4 quarters average of 2.9
MMM's revenue is down by 3.1% QoQ and by 2.4% YoY
Efficiency
How efficient is 3M business performance
3M's ROIC has decreased by 11% YoY
3M's ROA has decreased by 11% YoY
3M's return on sales has increased by 6% QoQ and by 5% YoY
Dividends
What is MMM's dividend history
DPS
$5.82
Dividend yield
3.51%
Payout ratio
65.3%
Recent dividends
Financial health
How did 3M financials performed over time
The total assets is 32% greater than the total liabilities
3M's quick ratio has increased by 21% QoQ and by 7% YoY
MMM's total liabilities is up by 19% YoY but it is down by 5% QoQ
The debt is 99% more than the equity
The debt has grown by 30% YoY but it has contracted by 7% from the previous quarter
3M's debt to equity has increased by 21% YoY but it has decreased by 14% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.