MMM 3M margins

Relative Growth: Rel. Growth: 28

Relative Strength: Rel. Strength: 50

Relative Valuation: Rel. Valuation: 39

Relative Profitability: Rel. Profitability: 69

Gross margin

39.4%

Operating margin

18.4%

EBITDA margin

21%

Net margin

11.9%

For the latest period, 3M has a gross margin of 39.4%, an operating margin of 18.4%, an EBITDA margin of 21%, and a net margin of 11.9%. Each available margin deteriorated from the same period last year. Net margin recorded the strongest contraction, dropping by 4.1 percentage points.

MMM margin history

Gross, operating, EBITDA and net margin trends

3M's margins averaged 39.97% gross, 0.6% operating, 7.69% EBITDA, and 2.43% 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 gross margin contracted by 1.6 percentage points, operating margin by 1.1 percentage points, EBITDA margin by 3.6 percentage points, and net margin by 4.1 percentage points, led by net margin with a decline of 4.1 percentage points.

Gross margin expansion

-1.6pp

Operating margin expansion

-1.1pp

EBITDA margin expansion

-3.6pp

Net margin expansion

-4.1pp

MMM Gross margin

Over the last 3 years, the average gross margin for 3M was 39.97%. The latest gross margin for 3M is 39.4%, 0.6 percentage points below its three-year average. 3M's gross margin ranged from a low of 35.6% in Sep 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 0.6%. 3M currently reports an operating margin of 18.4%, 17.8 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 -61.9% at its lowest in Sep 2023.

MMM EBITDA margin

Over the last 3 years, 3M's EBITDA margin averaged 7.69%. The current EBITDA margin of 21% is 13.3 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 -43.2% in Sep 2023.

MMM Net margin

3M's net margin averaged 2.43% during the last 3 years. Compared with its three-year average, 3M's current net margin is 11.9% and is 9.5 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 -35.9% in Sep 2023.

MMM margin group comparison

Margins compared with peer-group, industry and sector averages

3M's gross margin of 39.4% is higher than the Industrials sector and the industry average but lower than its peers average. In comparison with the Industrials sector average of 32.9%, 3M's gross margin is 20% 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 39.4% as of Jun 30, 2026.

What is 3M's operating margin?

The current operating margin for MMM is 18.4% as of Jun 30, 2026.

What is 3M's EBITDA margin?

As of Jun 30, 2026, MMM has an EBITDA margin of 21%.

What is 3M's net margin?

As of Jun 30, 2026, MMM has a net margin of 11.9%.

What are the average margins of MMM?

Looking back over 3 years, MMM recorded average margins of 40.0% gross, 0.6% operating, 7.7% EBITDA, and 2.4% net.

What are the highest historical margins of MMM?

Across the 5-year period, MMM posted its highest margins at 47.7% gross in Sep 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.