MMM financial statements
The full income statement, balance sheet, and cash-flow statement for 3M Company (MMM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 24.9B+1.5% | 24.6B-0.1% | 24.6B-5.9% | 26.2B-26.0% | 35.4B+9.9% | ||
| Lease income | — | — | 590M+2.3% | 577M-0.9% | 582M-0.7% | |
| Cost of revenue | 15.0B+3.8% | 14.4B-3.6% | 15.0B-5.5% | 15.9B-15.7% | 18.8B+13.2% | |
| Research & development | — | 700M+0.0% | 700M-12.5% | 800M-33.3% | 1.20B+9.1% | |
| Selling, general & administrative | 4.00B-5.3% | 4.22B-78.0% | 19.2B+165.5% | 7.23B+0.5% | 7.20B+3.9% | |
| Amortization of intangibles | 104M-3.7% | 108M-15.0% | 127M+1.6% | 125M-76.4% | 529M-1.5% | |
| Operating income | 4.63B-4.0% | 4.82B+145.1% | -10.7B-344.7% | 4.37B-40.7% | 7.37B+2.9% | |
| Interest expense | 946M-20.6% | 1.19B+26.4% | 942M+103.9% | 462M-5.3% | 488M-7.8% | |
| Other non-operating income | -416M-13766.7% | -3.00M+99.5% | -582M-252.7% | -165M+0.0% | -165M+54.9% | |
| Equity-method income | — | — | — | 11.0M+10.0% | 10.0M+300.0% | |
| Gain (loss) on equity securities | 0.00 | — | — | — | — | |
| Pre-tax income | 4.21B-12.6% | 4.82B+142.8% | -11.3B-368.1% | 4.20B-41.6% | 7.20B+6.0% | |
| Income tax | 1.00B+24.8% | 804M+128.0% | -2.87B-1625.0% | 188M-85.4% | 1.28B-3.9% | |
| 3.25B-22.1% | 4.17B+159.7% | -7.00B-221.1% | 5.78B-2.4% | 5.92B+8.7% | ||
| Income from continuing operations | 3.25B-18.9% | 4.01B+147.7% | -8.40B-309.4% | 4.01B | — | |
| Net income to non-controlling interest | 12.0M-20.0% | 15.0M-6.3% | 16.0M+14.3% | 14.0M+75.0% | 8.00M+100.0% | |
| $6.00-20.5% | $7.55+159.8% | -$12.63-224.1% | $10.18+0.6% | $10.12+8.1% | ||
| EPS (basic) | $6.05-20.2% | $7.58+160.0% | -$12.63-223.7% | $10.21-0.2% | $10.23+8.5% | |
| Weighted-avg shares (basic) | 537M-2.4% | 551M-0.6% | 554M-2.1% | 566M-2.2% | 579M+0.2% | |
| Weighted-avg shares (diluted) | 541M-2.0% | 552M-0.3% | 554M-2.4% | 568M-3.0% | 585M+0.5% | |
| Dividends per share | $2.92-19.1% | $3.61-39.8% | $6.00+0.7% | $5.96+0.7% | $5.92+0.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 16.4B+3.2% | 15.9B-3.0% | 16.4B+11.5% | 14.7B-4.6% | 15.4B+2.8% | ||
| Cash & equivalents | 5.24B-6.5% | 5.60B-5.6% | 5.93B+62.3% | 3.65B-19.9% | 4.56B-1.5% | |
| Accounts receivable | 3.53B+10.6% | 3.19B-11.3% | 3.60B-20.5% | 4.53B-2.7% | 4.66B-1.0% | |
| Inventory | 3.66B-1.0% | 3.70B-6.2% | 3.94B-26.6% | 5.37B+7.8% | 4.99B+17.6% | |
| Prepaid expenses | 391M-20.7% | 493M+43.3% | 344M-20.9% | 435M-33.5% | 654M-3.1% | |
| Other current assets | 2.82B+266.1% | 771M+136.5% | 326M-28.5% | 456M+34.5% | 339M+4.3% | |
| 37.7B-5.4% | 39.9B-21.2% | 50.6B+8.9% | 46.5B-1.3% | 47.1B-0.6% | ||
| Property, plant & equipment | 7.10B-3.9% | 7.39B-3.9% | 7.69B-16.2% | 9.18B-2.7% | 9.43B+0.1% | |
| Operating lease right-of-use | 516M-8.7% | 565M-14.0% | 657M-20.7% | 829M-3.4% | 858M-0.7% | |
| Goodwill | 6.42B+2.2% | 6.28B-1.6% | 6.38B+0.7% | 6.34B-53.0% | 13.5B-2.3% | |
| Intangible assets | 1.10B-8.8% | 1.21B-8.5% | 1.32B-71.8% | 4.70B-11.1% | 5.29B-9.4% | |
| Deferred tax assets | — | 4.15B-13.2% | 4.78B+398.3% | 959M+65.1% | 581M-33.3% | |
| Other non-current assets | 6.72B-26.2% | 9.11B+33.8% | 6.81B+59.4% | 4.27B+63.8% | 2.61B+6.9% | |
| 9.60B-14.8% | 11.3B-26.4% | 15.3B+60.6% | 9.52B+5.4% | 9.04B+13.7% | ||
| Accounts payable | 2.70B+1.6% | 2.66B-4.2% | 2.78B-12.8% | 3.18B+6.3% | 2.99B+16.9% | |
| Deferred revenue | — | 15.0M-34.8% | 23.0M-95.7% | 538M+1.7% | 529M+6.2% | |
| Short-term & current debt | 1.67B-13.0% | 1.92B+66.6% | 1.15B-40.6% | 1.94B+50.1% | 1.29B+62.6% | |
| Current lease liability | 167M+2.5% | 163M-15.1% | 192M-26.4% | 261M-0.8% | 263M+2.7% | |
| Other current liabilities | 4.45B-25.4% | 5.96B-10.4% | 6.66B+108.8% | 3.19B-0.0% | 3.19B-2.7% | |
| Finance lease liability (current) | — | — | — | 11.0M+57.1% | 7.00M-68.2% | |
| 33.0B-8.3% | 36.0B-21.3% | 45.7B+44.3% | 31.7B-0.8% | 32.0B-7.1% | ||
| Long-term debt | 10.9B-1.7% | 11.1B-15.0% | 13.1B-6.5% | 14.0B-12.8% | 16.1B-10.7% | |
| Non-current lease liability | 363M-10.4% | 405M-12.7% | 464M-20.0% | 580M-1.9% | 591M-3.0% | |
| Operating lease liability (total) | 530M-6.7% | 568M-25.2% | 759M-9.8% | 841M-1.5% | 854M-1.3% | |
| Finance lease liability (total) | — | — | — | 86.0M-14.0% | 100M-13.0% | |
| Finance lease liability | — | 47.0M-21.7% | 60.0M-20.0% | 75.0M-19.4% | 93.0M+0.0% | |
| Deferred tax liabilities | — | 354M+12.4% | 315M-43.6% | 559M+22.1% | 458M+37.5% | |
| Other non-current liabilities | 10.8B-8.1% | 11.8B-16.0% | 14.0B+149.7% | 5.62B+65.0% | 3.40B-1.7% | |
| 4.70B+22.4% | 3.84B-20.1% | 4.81B-67.3% | 14.7B-2.2% | 15.0B+16.9% | ||
| Common stock | 9.00M+0.0% | 9.00M+0.0% | 9.00M+0.0% | 9.00M+0.0% | 9.00M+0.0% | |
| Additional paid-in capital | 7.44B+2.9% | 7.23B+3.9% | 6.96B+4.0% | 6.69B+4.1% | 6.43B+4.3% | |
| Retained earnings | 38.3B+4.0% | 36.8B-1.8% | 37.5B-21.8% | 48.0B+4.6% | 45.8B+4.6% | |
| Treasury stock | 35.9B+4.3% | 34.5B+4.9% | 32.9B-1.2% | 33.3B+9.2% | 30.5B+3.6% | |
| Accumulated other comprehensive income | -5.07B+11.6% | -5.73B+15.4% | -6.78B-1.6% | -6.67B+1.1% | -6.75B+12.6% | |
| Non-controlling interest | 45.0M-13.5% | 52.0M-14.8% | 61.0M+27.1% | 48.0M-32.4% | 71.0M+10.9% | |
| Total equity incl. non-controlling | 4.75B+21.9% | 3.89B-20.0% | 4.87B-67.0% | 14.8B-2.3% | 15.1B+16.9% | |
| Total liabilities & equity | 37.7B-5.4% | 39.9B-21.2% | 50.6B+8.9% | 46.5B-1.3% | 47.1B-0.6% | |
| Common shares issued | 944M+0.0% | 944M+0.0% | 944M+0.0% | 944M+0.0% | 944M+0.0% | |
| Common shares outstanding | 530M-1.7% | 539M-2.4% | 553M+0.6% | 549M-4.0% | 572M-1.0% | |
| Shares outstanding (cover) | 527M-3.0% | 543M-1.8% | 553M+0.4% | 551M-3.6% | 571M-1.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.31B+26.8% | 1.82B-72.8% | 6.68B+19.5% | 5.59B-25.0% | 7.45B-8.1% | ||
| Depreciation & amortization | 1.31B-4.0% | 1.36B-31.4% | 1.99B+8.5% | 1.83B-4.4% | 1.92B+0.2% | |
| Intangible amortization | 104M-3.7% | 108M-15.0% | 127M+1.6% | 125M-76.4% | 529M-1.5% | |
| Share-based compensation | 225M-22.1% | 289M+5.5% | 274M+4.2% | 263M-4.0% | 274M+4.6% | |
| Deferred income taxes | 418M+30.2% | 321M+108.3% | -3.85B-481.4% | -663M-299.4% | -166M-0.6% | |
| Change in receivables | 211M+285.1% | -114M-167.1% | 170M+61.9% | 105M-13.9% | 122M+173.9% | |
| Change in inventory | -139M-239.0% | -41.0M+92.8% | -567M-190.1% | 629M-30.3% | 903M+892.3% | |
| Change in payables | 21.0M-54.3% | 46.0M-66.7% | 138M+24.3% | 111M-78.6% | 518M+105.6% | |
| 1.35B+142.1% | -3.21B-165.6% | -1.21B-15.4% | -1.05B+20.6% | -1.32B-127.1% | ||
| Capital expenditure | 910M-22.9% | 1.18B-26.9% | 1.61B-7.7% | 1.75B+9.1% | 1.60B+6.8% | |
| Free cash flow | 1.40B+118.8% | 638M-87.4% | 5.07B+31.8% | 3.84B-34.3% | 5.85B-11.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Purchases of investments | 1.30B-68.6% | 4.15B+183.3% | 1.47B+17.3% | 1.25B-43.2% | 2.20B+39.5% | |
| Sales/maturities of investments | 3.47B+67.2% | 2.07B+24.9% | 1.66B+31.6% | 1.26B-47.6% | 2.41B+32.9% | |
| Other investing activities | 3.00M-57.1% | 7.00M+120.0% | -35.0M-3400.0% | -1.00M+96.8% | -31.0M-210.0% | |
| -4.02B-465.8% | 1.10B+134.9% | -3.15B+41.2% | -5.35B+12.9% | -6.14B-15.9% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 3.25B+80.5% | 1.80B+5357.6% | 33.0M-97.7% | 1.46B-33.4% | 2.20B+497.6% | |
| Dividends paid | 1.56B-21.2% | 1.98B-40.1% | 3.31B-1.7% | 3.37B-1.5% | 3.42B+0.9% | |
| Other financing activities | -49.0M+49.0% | -96.0M-357.1% | -21.0M+65.0% | -60.0M-200.0% | -20.0M+79.6% | |
| Net change in cash | -365M-9.6% | -333M-114.6% | 2.28B+350.6% | -909M-1198.6% | -70.0M-103.1% | |
| Interest paid | 467M-7.5% | 505M-2.9% | 520M+18.2% | 440M-6.8% | 472M-9.9% | |
| Income taxes paid | 800M-6.1% | 852M-38.4% | 1.38B+4.8% | 1.32B-22.1% | 1.70B+25.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 84.3B+20.3% | 70.1B+38.8% | 50.5B-8.9% | 55.4B-34.7% | 84.8B+0.2% | |
| P/E | 25.9×+54.5% | 16.8× | — | 8.4×-41.2% | 14.3×-7.8% | |
| P/S | 3.4×+18.5% | 2.9×+5.2% | 2.7×+70.1% | 1.6×-33.5% | 2.4×-8.8% | |
| P/B | 17.9×-1.7% | 18.2×+68.8% | 10.8×+174.5% | 3.9×-30.2% | 5.6×-14.3% | |
| P/FCF | 60.4×-45.0% | 109.8×+956.0% | 10.4×-27.3% | 14.3×-1.3% | 14.5×+13.3% | |
| Earnings yield | 3.9%-35.3% | 6.0% | — | 11.9%+69.9% | 7.0%+8.4% | |
| FCF yield | 1.7%+81.9% | 0.91%-90.5% | 9.6%+37.5% | 7.0%+1.4% | 6.9%-11.7% | |
| Dividend yield | 1.8%-34.8% | 2.8%-57.4% | 6.6%+10.4% | 5.9%+49.1% | 4.0%-0.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MMM’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MMM filings on SEC EDGAR → Not investment advice.
