24/7 Wall Street·13h ago
3M Cut Its Dividend After 64 Years of Raises. Is It Finally a Buy Again?3M broke a 64-year streak, shed its forever-chemicals baggage, and just settled its biggest legal fight.
3M's revenue has hovered between $6.0B and $6.6B for ten quarters with just 1.0% growth in 2026Q3, while gross margin recovery to 42.3% from 33.6% in 2025Q4 suggests cost normalization rather than genuine pricing power.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has stalled near a flatline at 1.0% in 2026Q3 with operating margin of 23.7% still trailing ITW's 26.3% and Honeywell's 7.8% growth, suggesting the 870 basis point gross margin swing from 33.6% to 42.3% reflects mix and cost dynamics rather than durable pricing power.
3M's diverse range of products, from abrasives to futuristic materials, supports seamless operations and drives demand across industries.
Well-known consumer brands like Scotch Tape, Post-it notes, and Nexcare bandages enhance 3M's market presence and customer loyalty.
3M's consistent dividend payments and significant stock repurchases highlight its commitment to shareholder returns and financial stability.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 20, 2026 | $2.50+5.0% vs $2.38 | $6.6B-0.1% vs $6.6B |
Q3 2026 Jul 21, 2026 | $2.40+6.7% vs $2.25 | $6.5B+1.6% vs $6.4B |
Q2 2026 Apr 21, 2026 | $2.14+8.1% vs $1.98 | $6.0B-0.1% vs $6.0B |
Q1 2026 Jan 20, 2026 | $1.83+1.7% vs $1.80 | $6.1B+2.1% vs $6.0B |
3M broke a 64-year streak, shed its forever-chemicals baggage, and just settled its biggest legal fight.
MMM's growth in key industrial markets, restructuring initiatives and shareholder returns support its outlook, but rising costs and premium valuation remain concerns.
3M Company is rated Buy, driven by strong order momentum, innovation, ongoing productivity, and commercial excellence initiatives. MMM's Q3 2026 results showed 4.2% revenue growth, 26.2% adjusted operating margin, and $2.50 EPS, reflecting operational improvements and margin expansion. Robust new-product launches, improved backlog, and easing consumer headwinds position MMM for above-market growth into 2027.
3M (NYSE: MMM) said it has reached a settlement to resolve personal injury claims in the aqueous film-forming foam, or AFFF, multidistrict litigation pending in federal court in South Carolina, marking what management described as a significant step in addressing its legacy PFAS-related litigation. The agreement carries a total nominal value of $7.35 billion, to be
Benchmark MMM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for 3M Company (MMM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $185.15 | $95.49B | 27.36 | 1.52% | 14.01% | 87.29% | 1.18% | |
| $220.05 | $69.74B | 9.96 | 7.85% | 20.98% | 36.04% | 4.21% | |
| $162.35 | $90.93B | 33.84 | 5.36% | 14.14% | 13.14% | 1.36% | |
| $280.95 | $80.83B | 24.83 | 0.92% | 19.39% | 103.35% | 2.17% | |
| $341.72 | $132.69B | 34.15 | 10.33% | 12.19% | 19.34% | 1.22% | |
| $917.79 | $115.72B | 31.50 | 8.31% | 16.62% | 24.65% | 0.8% |
3M Company (MMM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
3M Company (MMM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 20, 2026·SEC
Oct 19, 2026·SEC
Aug 19, 2026·SEC
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3M Company (MMM) stock FAQ — growth, dividends, profitability & financials explained
3M Company (MMM) reported $25.25B in revenue over the trailing twelve months. Revenue was $24.95B in fiscal year 2025. That is 75% more than the $14.24B of fiscal year 1996.
3M Company (MMM) grew revenue by 1.7% over the trailing twelve months, compared with the twelve months before.
Yes. 3M Company (MMM) earned $3.54B in net income over the trailing twelve months (a 14.0% net margin).
Yes. 3M Company (MMM) pays a dividend that yields 1.18% at the current price, a moderate yield.
3M Company (MMM) had a return on equity (ROE) of 87.3% over the trailing twelve months. That is well above the market's typical 10-15%.
3M Company (MMM) generated $2.68B in free cash flow over the trailing twelve months.
