MMM 3M margins

Relative Growth: Rel. Growth: 33

Relative Strength: Rel. Strength: 66

Relative Valuation: Rel. Valuation: 43

Relative Profitability: Rel. Profitability: 75

Gross margin

39.5%

Operating margin

18.8%

EBITDA margin

23%

Net margin

14%

For the latest period, 3M has a gross margin of 39.5%, an operating margin of 18.8%, an EBITDA margin of 23%, and a net margin of 14%. EBITDA margin showed the largest improvement, gaining by 1 percentage points. Gross margin saw the largest decline, dropping by 1.4 percentage points.

MMM margin history

Gross, operating, EBITDA and net margin trends

3M's margins averaged 40.29% gross, 7.33% operating, 13.21% EBITDA, and 6.59% net during the last 3 years. Against the three-year averages, operating, EBITDA, and net margins are above their three-year averages and gross margin is below its three-year average.

MMM margin expansion

Year-over-year margin changes in percentage points

3M's EBITDA margin expanded by 1 percentage point and net margin by 0.3 percentage points, but gross margin contracted by 1.4 percentage points and operating margin by 1 percentage point.

Gross margin expansion

-1.4pp

Operating margin expansion

-1pp

EBITDA margin expansion

1pp

Net margin expansion

0.3pp

MMM Gross margin

Over the last 3 years, the average gross margin for 3M was 40.29%. The latest gross margin for 3M is 39.5%, 0.8 percentage points below its three-year average. 3M's gross margin ranged from a low of 39.1% in Dec 2023 to a high of 41.2% in Dec 2024.

MMM Operating margin

Looking at the last 3 years, 3M had an average operating margin of 7.33%. 3M currently reports an operating margin of 18.8%, 11.5 percentage points above its three-year average. Looking back over the last 3 years, 3M's operating margin reached 20.1% at its highest point in Mar 2025 and -43.4% at its lowest in Dec 2023.

MMM EBITDA margin

Over the last 3 years, 3M's EBITDA margin averaged 13.21%. The current EBITDA margin of 23% is 9.8 percentage points above its three-year average. During this period, EBITDA margin reached a high of 27.5% in Sep 2024 and a low of -32.1% in Mar 2024.

MMM Net margin

3M's net margin averaged 6.59% during the last 3 years. Compared with its three-year average, 3M's current net margin is 14% and is 7.4 percentage points above its three-year average. Over the last 3 years, 3M's net margin peaked at 17.9% in Sep 2024 and reached a low of -28.7% in Mar 2024.

MMM margin group comparison

Margins compared with peer-group, industry and sector averages

3M's gross margin of 39.5% is higher than the Industrials sector and the industry average but lower than its peers average. In comparison with the Industrials sector average of 32.7%, 3M's gross margin is 21% higher.

MMM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is 3M's gross margin?

The current gross margin for MMM is 39.5% as of Sep 30, 2026.

What is 3M's operating margin?

The current operating margin for MMM is 18.8% as of Sep 30, 2026.

What is 3M's EBITDA margin?

As of Sep 30, 2026, MMM has an EBITDA margin of 23%.

What is 3M's net margin?

As of Sep 30, 2026, MMM has a net margin of 14%.

What are the average margins of MMM?

Looking back over 3 years, MMM recorded average margins of 40.3% gross, 7.3% operating, 13.2% EBITDA, and 6.6% net.

What are the highest historical margins of MMM?

Across the 5-year period, MMM posted its highest margins at 46.8% gross in Dec 2021, 21.6% operating in Sep 2022, 29.8% EBITDA in Dec 2022, and 22.1% net in Dec 2022.

What are the lowest historical margins of MMM?

Over the last 5 years, 3M's lowest margins were 35.6% gross in Sep 2023, -61.9% operating in Sep 2023, -43.2% EBITDA in Sep 2023, and -35.9% net in Sep 2023.