3M Company research snapshot
MMM AI stock analysis as of the August 4, 2026 data cutoff reads 3M Company as a momentum turnaround that keeps executing at a premium valuation. The stock closed at $177.23 on August 3, 2026, up 0.95 or 0.54% from the $176.28 close on July 31, after opening at $178.00 and trading in a session range of $176.13 to $179.44 on the real-time quote, with the daily history table confirming the same $177.23 close and an after-hours quote of $177.00, down 0.23 or 0.13%, carrying a market capitalization near $91.40 billion that matches the $177.23 price times 515.72 million shares outstanding, with the Q2 2026 Form 10-Q cover listing 515,722,417 shares as of June 30, 2026. The Q2 2026 report, released July 21, 2026, beat estimates with adjusted organic sales growth of 5.4%, which CEO Bill Brown described as the best in five years in a CNBC interview reported on StockAnalysis.com, a record adjusted operating margin of 24.9% that management called the highest it has ever been, adjusted EPS of $2.40 up 11%, and adjusted free cash flow of $1.3 billion at 107% conversion, while GAAP EPS rose 33% to $1.78 on GAAP sales of $6.5 billion up 2.4%. Orders rose about 10% in the quarter and backlog ran close to 20% higher year over year, and the first two weeks of Q3 orders and backlog looked good. Management raised full-year 2026 adjusted EPS guidance to $8.80 to $8.95, lifted adjusted organic growth guidance to greater than 3.5%, guided adjusted total sales growth to greater than 4.5%, and raised adjusted free cash flow guidance by $100 million to $4.7 billion to $4.9 billion, with adjusted operating cash flow of $5.8 billion to $6.0 billion contributing to greater than 100% adjusted free cash flow conversion. The Microsoft partnership, announced July 15, 2026, makes Microsoft the first announced hyperscaler to deploy 3M Expanded Beam Optics in Azure data centers, with EBO revenue of $40 million to $50 million this year against a total addressable market near $1 billion in 2026 growing toward about $2 billion by 2028. Analysts polled by S&P Global rate the stock Buy with an average target of $181.85, only about 2.6% above the current price, on 18 analysts. The page treats MMM as a momentum turnaround candidate whose price already prices in a large share of the recovery, so the margin of safety is thinner than it was before the Q2 2026 report, and it treats all ranges as scenarios, not price commitments.
Current price
$177.23 at the August 3, 2026, 4:00 PM EDT market close, up 0.95 or 0.54% from the $176.28 July 31 close, after opening at $178.00 and trading in a session range of $176.13 to $179.44 on the real-time quote, with the daily history table confirming the same $177.23 close on volume near 2.75 million shares and an after-hours quote of $177.00, down 0.23 or 0.13%
Market cap
$91.40 billion reported by StockAnalysis.com at the August 3, 2026 market close, matching the $177.23 price times 515.72 million shares outstanding, with the Q2 2026 Form 10-Q cover listing 515,722,417 shares outstanding as of June 30, 2026
AI score
76 / 100
Rating
Momentum turnaround at a premium valuation
Trend status
Bullish trend above the 20-day, 50-day, and 200-day moving averages near $166.65, $161.28, and $159.22, sitting just below the 5-day average near $178.00
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | 3M is a diversified global industrial, safety, electronics, transportation, and consumer platform built on materials science, adhesives, abrasives, films, safety products, electronics materials, and optical connectivity, with TTM revenue near $25.18 billion, record Q2 2026 adjusted operating margin of 24.9%, and first-half 2026 organic growth of 3.3%. | Medium-high |
| Moat | The moat combines brands such as Post-it, Scotch, and PELTOR, roughly 100 patents on Expanded Beam Optics plus about 50 pending, customer qualification cycles, global distribution, and a broad installed base across many end markets. | Medium-high |
| Management | Bill Brown is running a simplification and performance agenda with visible results: Q2 2026 adjusted organic growth of 5.4%, a record 24.9% adjusted operating margin, 92 new products launched in the quarter up 44% year over year, orders up about 10%, first-half buybacks of about $3.0 billion at an average price near $153, and a full-year adjusted EPS guidance raise to $8.80 to $8.95. | Medium-high |
| Financial trend | Q2 2026 adjusted sales of $6.5 billion delivered organic growth of 5.4%, adjusted operating margin reached a record 24.9% up 40 basis points, adjusted EPS rose 11% to $2.40, adjusted free cash flow hit $1.3 billion at 107% conversion, orders rose about 10%, and 2026 adjusted free cash flow guidance was raised by $100 million to $4.7 billion to $4.9 billion, after first-half organic growth of 3.3%, operating margin of 24.3%, and EPS growth of 12%. | High |
| Valuation | At about 31.52x trailing GAAP EPS, 19.25x forward PE, 22.94x trailing free cash flow, and 30.96x book value at the $177.23 price, with an enterprise value of $99.26 billion, the market already prices in successful execution. | Medium |
| Technical trend | MMM closed at $177.23 on August 3, 2026, up 0.95 or 0.54% from the $176.28 July 31 close, just below its 5-day average near $178.00 and above its 20-day, 50-day, and 200-day moving averages of roughly $166.65, $161.28, and $159.22, with 14-day RSI near 65.83 on StockAnalysis.com statistics. | Medium |
| Risk level | Key risks are litigation and PFAS exit cash outflows including a Commonwealth of Australia lawsuit filed in May 2026, a New York attorney general PFAS consumer-products suit filed in July 2026, about 15,200 AFFF MDL cases, 18 PFAS-related actions pending in Canada, 22 actions pending in Belgian civil courts, and a New Jersey settlement with payments up to $450 million, a premium multiple, oil cost inflation of $150 million to $175 million that is fully offset by price actions but still pressures margin rate by about 20 basis points, the unproven scale of the optics business, a Consumer segment down 2.1% in Q2, and three Sell ratings with a low target of $120. | Medium-high |
| AI confidence | High for descriptive facts and cross-checked math that matched across StockAnalysis.com, SEC EDGAR XBRL, the Q2 2026 earnings release, the Q2 2026 Form 10-Q, and the earnings call transcript. Lower for forward return estimates because settlement costs, multiples, and optics ramp assumptions are uncertain. | High data confidence |
| Investment certainty | Medium certainty. The page gives a research framework and scenario ranges, not a buy or sell instruction. | Medium |
MMM AI stock forecast
The MMM AI stock forecast uses scenario math around the $177.23 August 3, 2026 market close and the FY2026 adjusted EPS consensus of $8.93. The three-scenario framework produced a bearish area near $142, a base area near $214, and a bullish area near $276 before dividends, using adjusted EPS growth of 2%, 8%, and 12% and exit multiples of 15x, 19x, and 22x over three years. These are scenarios, not price commitments.
$260 to $290
More likely if adjusted organic growth stays near 5%, adjusted margins keep expanding toward the roughly 25% 2027 target the company tracks, Expanded Beam Optics scales beyond Microsoft to more hyperscaler and AI data center customers, and litigation and PFAS exit cash outflows stay contained.
$200 to $228
More likely if 3M compounds adjusted EPS at a mid single-digit to high single-digit rate, keeps the $8.80 to $8.95 guidance path on track, and investors hold the stock near an 18x to 20x forward multiple.
$130 to $150
More likely if litigation and PFAS exit cash outflows rise, organic growth fades toward low single digits, industrial demand slows, the Consumer segment keeps falling, the optics story disappoints, or the market compresses the multiple toward the 15x area implied by a low target of $120.
MMM AI technical analysis
MMM AI technical analysis is bullish as of the August 4, 2026 data cutoff. The stock closed at $177.23 at 4:00 PM EDT on August 3, up 0.95 or 0.54% from the $176.28 July 31 close, just below its 5-day average near $178.00 and above its 20-day, 50-day, and 200-day moving averages of roughly $166.65, $161.28, and $159.22, with 14-day RSI near 65.83 on StockAnalysis.com statistics. After jumping about 10% on the July 21 report, the stock cooled to the $176.28 close on July 31 and then re-opened near $178 on August 3, closing near $177.23, with the 52-week high of $184.90 set on July 28 remaining overhead as the next resistance. The 5-day and 20-day moving averages near $178.00 and $166.65 were computed from the StockAnalysis.com daily closing price history through August 3, 2026, and the 50-day and 200-day values come from the StockAnalysis.com statistics page.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $177.23 | StockAnalysis.com real-time quote at the August 3, 2026, 4:00 PM EDT market close, up 0.95 or 0.54% from the $176.28 July 31 close after opening at $178.00 and trading in a session range of $176.13 to $179.44; the daily history table confirms the $177.23 close on volume near 2.75 million shares, the after-hours quote was $177.00 down 0.23 or 0.13%, and the implied market cap near $91.40 billion matches the price times 515.72 million shares outstanding. |
| 5-day moving average | $178.00 | Computed as the simple average of the five closing prices through August 3, 2026 in the StockAnalysis.com daily price history, just above the current price, which signals short-term momentum is consolidating after the post-earnings cooling. |
| Near support | $165 to $168 | The 20-day moving average computed near $166.65 from the StockAnalysis.com daily price history as of August 3, 2026 is a natural first pullback support zone. |
| Next support | $158 to $162 | StockAnalysis.com statistics reported the 50-day moving average near $161.28 and the 200-day near $159.22 on August 3, 2026, forming a support cluster below price. |
| Near resistance | $177 to $185 | The immediate upside is capped by the 52-week high of $184.90 set on July 28, 2026, with the $177 to $179 area as minor overhead after the re-open near $178. |
| 50-day moving average | $161.28 | StockAnalysis.com statistics reported the 50-day moving average near $161.28 on August 3, 2026, below the current price and confirming the medium-term uptrend. |
| 200-day moving average | $159.22 | StockAnalysis.com statistics reported the 200-day trend line near $159.22 on August 3, 2026, below the current price and confirming the longer-term uptrend. |
| 20-day moving average | $166.65 | Computed as the simple average of the twenty closing prices through August 3, 2026 in the StockAnalysis.com daily price history, an immediate support reference for pullbacks. |
| Momentum | RSI near 65.8 | The 14-day RSI was near 65.83 on StockAnalysis.com statistics on August 3, 2026, and a recomputation from the daily closing prices gave about 65.9, strong but not overbought. |
| Volume | About 3.8 million average shares | StockAnalysis.com statistics listed 20-day average volume near 3.84 million shares on August 3, 2026, useful for checking breakout quality; the average of the twenty most recent daily volumes in the price history was near 3.84 million shares including the July 21 earnings-day spike of about 11.0 million shares, and the August 3 session showed about 2.75 million shares traded. |
| Volatility | Elevated near earnings | The 14-day realized volatility computed from the StockAnalysis.com daily closing price history was near 38% annualized as of August 3, 2026, with beta near 1.08 on StockAnalysis.com statistics, so position sizing should account for larger swings around reports and guidance. |
| Invalidation | Close below $166.65 | A decisive close below the 20-day moving average near $166.65 would weaken the short-term uptrend; a close below the 50-day near $161.28 would turn it bearish. |
MMM AI trading strategy
The MMM AI trading strategy is a rules-based research framework for trading and watching the turnaround. It is not personal advice and should be paired with fresh chart data, filings, position sizing, and a defined invalidation level.
Watch for MMM to reclaim and hold its 5-day average near $178.00 and to build volume on a move toward the $184.90 high, with the 200-day trend line near $159.22 still rising.
A daily close below the 20-day moving average near $166.65 or a failed attempt at the 52-week high should trigger a stop and review.
If MMM pulls back toward the $158 to $168 support cluster without new legal or earnings damage, compare the price reaction with Q3 results, margin guidance, and optics order news before acting.
Do not average down without a maximum loss rule because litigation headlines can turn a support zone into a value trap.
Track adjusted organic sales growth, adjusted operating margin, Expanded Beam Optics bookings, litigation and PFAS exit cash payments, oil cost pass-through, tariff impact, debt reduction, dividend coverage, and buyback pace.
Reduce confidence if EPS growth depends mainly on buybacks or one-time adjustments rather than organic demand and operating cash flow.
Investment research summary
3M turns materials science, adhesives, abrasives, films, safety products, electronics materials, optical connectors, and consumer brands into recurring industrial and channel demand across many end markets, including AI data center connectivity.
The moat is broad rather than single-product dominant. It includes brands, patents and process know-how, customer qualification cycles, global distribution, and a large installed base of products.
The thesis fails if litigation and PFAS exit liabilities, including a Commonwealth of Australia lawsuit filed in May 2026, about 15,200 AFFF MDL cases, 18 PFAS-related actions pending in Canada, 22 actions pending in Belgian civil courts, a New Jersey settlement with payments up to $450 million, the approved PWS water supplier settlement of $10.5 billion to $12.5 billion, and the Combat Arms Earplugs settlement of up to $6.0 billion, consume the cash flow recovery, organic growth reverts to low single digits, the optics revenue proves slow to scale, the Consumer segment keeps falling, or oil and input inflation erodes the margin gains.
Bill Brown, the former L3Harris and Harris CEO, is running a simplification and operational performance agenda. Q2 2026 delivered adjusted organic growth of 5.4%, a record 24.9% margin, 92 new products up 44% year over year, order growth of about 10%, first-half buybacks of about $3.0 billion at an average price near $153, and a guidance raise across sales, margin, EPS, and cash flow.
3M is tied to industrial production, electronics, transportation, worker safety, home improvement, and consumer staples, and increasingly to AI data center infrastructure through Expanded Beam Optics, which Microsoft became the first announced hyperscaler to deploy in Azure.
The stock no longer trades as a distress case. At about 19.25x forward PE and near 23x trailing free cash flow, with a consensus target only about 2.6% above the price, margin of safety depends on whether adjusted EPS growth and cash conversion can justify the premium.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| MMM price | $177.23 at the August 3, 2026, 4:00 PM EDT market close, up 0.95 or 0.54% from the $176.28 July 31 close, after opening at $178.00 and trading in a session range of $176.13 to $179.44, with the daily history table confirming the $177.23 close on volume near 2.75 million shares and an after-hours quote of $177.00 down 0.23 or 0.13% | StockAnalysis.com real-time quote and daily price history | August 4, 2026 |
| Market capitalization | Near $91.40 billion, reported by StockAnalysis.com at the August 3 market close and matching the $177.23 price times 515.72 million shares outstanding, with the Q2 2026 Form 10-Q cover listing 515,722,417 shares as of June 30, 2026 | StockAnalysis.com quote and statistics, 3M Q2 2026 Form 10-Q | August 4, 2026 |
| Enterprise value | $99.26 billion on StockAnalysis.com statistics at the August 3, 2026 close, with EV/EBITDA of 16.51, EV/EBIT of 21.47, EV/FCF of 24.91, and EV/sales of 3.94 | StockAnalysis.com statistics | August 4, 2026 |
| Q2 2026 adjusted results | $6.5 billion adjusted sales with 5.4% adjusted organic growth, 24.9% adjusted operating margin up 40 bps, $2.40 adjusted EPS up 11%, adjusted free cash flow of $1.3 billion at 107% conversion, and cash from operations of $1.0 billion | 3M Q2 2026 earnings release and earnings call | August 4, 2026 |
| Q2 2026 GAAP results | $6.5 billion sales up 2.4%, organic sales up 2.3%, 15.1% operating margin down 290 bps, GAAP EPS $1.78 up 33% from $1.34 | 3M Q2 2026 earnings release and Q2 2026 Form 10-Q | August 4, 2026 |
| 2026 adjusted EPS guidance | $8.80 to $8.95, raised from $8.50 to $8.70 | 3M Q2 2026 earnings release and earnings call guidance update | August 4, 2026 |
| 2026 organic, margin, and cash flow guidance | Adjusted total sales growth greater than 4.5% reflecting adjusted organic growth greater than 3.5% (raised from 3%), adjusted operating income margin expansion of 70 bps to 80 bps, adjusted EPS of $8.80 to $8.95, adjusted operating cash flow of $5.8 billion to $6.0 billion contributing to greater than 100% adjusted free cash flow conversion, adjusted free cash flow raised by $100 million to $4.7 billion to $4.9 billion, and oil cost inflation of $150 million to $175 million up from $125 million, fully covered by price actions but pressuring margin rate by about 20 basis points | 3M Q2 2026 earnings release and earnings call | August 4, 2026 |
| Q2 2026 cash flow and returns | Cash from operations of $1.0 billion, adjusted free cash flow of $1.3 billion with 107% conversion, and $1.4 billion returned to shareholders including $400 million in dividends and $1 billion in share repurchases | 3M Q2 2026 earnings release and earnings call | August 4, 2026 |
| First-half 2026 results | Organic sales growth of 3.3%, operating margin of 24.3%, and adjusted EPS growth of 12% in the first half of 2026 | 3M Q2 2026 earnings call | August 4, 2026 |
| Q2 2026 segment organic growth | Safety and Industrial up 8.2%, Transportation and Electronics up 5.9%, the two segments combined up 7% on 80% of sales, and Consumer down 2.1% on 20% of sales, with SIBG up 5.7% and TEBG up 2.9% in the first half and Consumer down 1.7% for the half | 3M Q2 2026 earnings call and Q2 2026 Form 10-Q | August 4, 2026 |
| Q2 2026 order momentum | Orders up about 10% in the quarter, backlog close to 20% higher year over year, and the first two weeks of Q3 orders and backlog looked good | 3M Q2 2026 earnings call | August 4, 2026 |
| 2026 above-macro outlook | Management expects to end 2026 about $450 million above macro, up from the roughly $340 million to $350 million it flagged last quarter, with the growth to market multiple improving from roughly in line to about 2x and a goal to exceed the $1 billion above macro commitment across 2025 through 2027 | 3M Q2 2026 earnings call | August 4, 2026 |
| EBO data center optics outlook | EBO revenue of $40 million to $50 million in 2026 with potential to scale 4x to 5x or more over several years, TAM about $1 billion in 2026 and about $2 billion by 2028, Microsoft first announced hyperscaler deployment in Azure, roughly 100 patents plus 50 pending, fiber installation time cut up to 85%, capacity doubling this year and again over the next 12 to 18 months, deep trials with other hyperscalers, and an EBO Multi-Source Agreement with 44 players across the ecosystem | 3M Q2 2026 earnings call and 3M-Microsoft press release | August 4, 2026 |
| Capital returns | H1 2026 buybacks of about $3.0 billion at an average price near $153 (10-Q treasury purchases of $2,993 million), $3.8 billion returned in H1 including about $0.8 billion in dividends (10-Q dividends paid of $813 million), $8.6 billion returned since 2025 against a $10 billion plus commitment through 2027, and about $1.8 billion remaining under the February 2025 buyback authorization as of June 30, 2026 | 3M Q2 2026 earnings call and Q2 2026 Form 10-Q | August 4, 2026 |
| Innovation cadence | 92 new products launched in Q2 2026, up 44% year over year, bringing the first-half total to 176 launches and pacing above 350 for the year and more than 1,000 by 2027, with about $4 billion in five-year new product sales and a new product vitality index in the mid-teens this year and 20% next year | 3M Q2 2026 earnings call | August 4, 2026 |
| Cross-selling progress | About $110 million of cross-sell opportunities booked with another $120 million in the pipeline, up more than 40% quarter over quarter and ahead of the Investor Day goal, with customer attrition improving about 200 basis points, mostly in SIBG | 3M Q2 2026 earnings call | August 4, 2026 |
| Madison Fire and Rescue acquisition | Closed July 1, 2026 with Bain Capital at a $1.95 billion purchase price into a consolidated majority-owned venture combining 3M SCBA in which 3M owns 50.1%, with about $700 million in net cash received at closing; the venture generates about $800 million in revenue at high single-digit growth with margins above company average, and the deal is excluded from 2026 guidance | 3M Q2 2026 earnings call and Q2 2026 Form 10-Q | August 4, 2026 |
| Tariff impact | Q2 2026 operating profit increased $110 million, or $0.16, including a $240 million benefit from sales growth and broad-based productivity, partially offset by $30 million of investments and a $110 million tariff impact and stranded cost headwind, with about $150 million of stranded costs expected for the year, and the company has not received any tariff refunds to date | 3M Q2 2026 earnings call | August 4, 2026 |
| Second-half 2026 outlook | Second-half organic growth expected in the high-threes range or better at over two times macro, second-half adjusted EPS growth near $0.30 at the midpoint split evenly between Q3 and Q4, about 100 basis points of second-half margin expansion year over year, full-year pricing of about 1.5 points with back-half pricing near 2%, Consumer expected flat to up slightly in the back half, and consumer electronics market expected down high-teens | 3M Q2 2026 earnings call | August 4, 2026 |
| Australia PFAS lawsuits | In May 2026, the Commonwealth of Australia filed a lawsuit against the Company and 3M Australia in the Victoria Registry of the Federal Court of Australia, seeking damages related to alleged AFFF contamination at Australian military bases, including compensation for amounts previously paid by the Commonwealth to settle prior lawsuits related to AFFF use as well as past and future cleanup costs, per the Q2 2026 Form 10-Q; a separate writ filed in November 2024 on behalf of individuals with property allegedly impacted by PFAS had its service period extended to December 8, 2026, and the lawsuit amounts are not quantified in the filing | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| AFFF multidistrict litigation | Approximately 15,200 cases relating in whole or in part to alleged PFAS contamination or exposure associated with AFFF were pending in the AFFF MDL as of July 1, 2026, per the Q2 2026 Form 10-Q | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| Canada PFAS litigation | As of June 30, 2026, a total of eighteen PFAS-related actions were pending in Canadian courts in British Columbia, Manitoba, New Brunswick, Newfoundland, Ontario, and Quebec, including class and non-class claims by individuals, municipalities, and federal, provincial, and territorial governments, per the Q2 2026 Form 10-Q | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| New Jersey PFAS settlement | In May 2025, 3M agreed to a proposed consent order with New Jersey to pay up to $450 million, recording a $281 million pre-tax charge in the second quarter of 2025, with payments including then-present values of $207 million beginning in 2026 over 8 years for the Chambers Works Facility and other elements and $74 million beginning in 2030 through 2050; the D.N.J. court held hearings in January and June 2026 and the parties are awaiting a ruling on approval | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| New York and other state AG PFAS suits | The New York Attorney General filed a PFAS consumer-products suit in New York state court in July 2026, which the Company removed to federal court and is seeking to transfer to the AFFF MDL, and additional attorney general actions are pending in states including Connecticut, Illinois, Maine, Maryland, New Hampshire, South Carolina, Texas, Vermont, and others, plus actions inside the AFFF MDL across Alaska, Arizona, Arkansas, California, Delaware, Florida, Hawaii, Indiana, Kentucky, Massachusetts, Michigan, Mississippi, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Washington, Wisconsin, and others, per the Q2 2026 Form 10-Q | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| Belgium PFAS remediation | 3M Belgium entered a Flemish Remediation Agreement in July 2022 committing about 571 million euros for the Zwijndrecht Facility, and as of June 30, 2026, twenty-two actions against 3M Belgium were pending in Belgian civil courts, with the Company added in May and June 2026 to two existing lawsuits brought by neighboring companies EVAL Europe N.V. and NV Borealis Antwerpen seeking damages for PFAS remediation, with separate initial hearings set for November 2026 | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| PWS water supplier settlement | The public water supplier (PWS) AFFF settlement commits the Company to pay $10.5 billion to $12.5 billion in total to resolve released claims, with a $10.3 billion pre-tax charge recorded in Q2 2023 and payments scheduled from 2024 through 2036; class members seeking compensation based on PFAS testing results had to submit them by July 31, 2026 | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| Alabama PWS opt-out lawsuits | In April 2026, eighteen Alabama public water systems that opted out of the PWS Settlement filed lawsuits against the Company and other defendants in Alabama state and federal courts, with seven cases transferred to the AFFF MDL and nine removed to federal court and seeking transfer, per the Q2 2026 Form 10-Q | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| Combat Arms Earplugs settlement | The Company agreed to contribute up to $6.0 billion between 2023 and 2029 to the Combat Arms Earplugs settlement, claimant participation exceeded 99%, above the required 98% threshold, the CAE MDL court confirmed in September 2025 that all cases in the CAE MDL had been resolved, and the Company had accrued liabilities related to CAE of $1.9 billion as of June 30, 2026, with $1.0 billion current and $0.9 billion non-current | 3M Q2 2026 Form 10-Q legal proceedings section | August 4, 2026 |
| PFAS environmental liabilities | The Company had accrued approximately $7.4 billion of other environmental liabilities as of June 30, 2026, of which $2.9 billion sat within other current liabilities and $4.5 billion within other liabilities, down from $7.7 billion at December 31, 2025, per the Q2 2026 Form 10-Q, which also records insurance recovery benefits of $13 million in Q2 and $290 million for the first six months of 2026 related to respirator mask/asbestos, CAE, and PFAS-related matters | 3M Q2 2026 Form 10-Q legal proceedings and MD&A | August 4, 2026 |
| FY2025 revenue | $24.95 billion, up 1.52% from $24.58 billion, from the StockAnalysis.com financials page | StockAnalysis.com financials | August 4, 2026 |
| TTM revenue | $25.18 billion over the trailing twelve months ended June 30, 2026, up 2.35%, matching StockAnalysis.com financials, with Q2 2026 revenue of $6.50 billion up 2.46% year over year and $6,500 million for the quarter in SEC EDGAR XBRL | StockAnalysis.com financials and SEC EDGAR XBRL | August 4, 2026 |
| Cash and cash equivalents | $2.955 billion as of June 30, 2026, matching SEC EDGAR XBRL (2955000000) from the Q2 2026 Form 10-Q, down from $5.235 billion at December 31, 2025 | 3M Q2 2026 Form 10-Q and SEC EDGAR XBRL | August 4, 2026 |
| Marketable securities | Short-term marketable securities of $375 million as of June 30, 2026, down from $698 million at December 31, 2025, per the Q2 2026 Form 10-Q | 3M Q2 2026 Form 10-Q via StockAnalysis.com | August 4, 2026 |
| Cash plus short-term investments | $3.330 billion as of June 30, 2026 | StockAnalysis.com balance sheet | August 4, 2026 |
| Total debt | $12.551 billion as of June 30, 2026, with $1.647 billion short-term and $10.904 billion long-term, matching SEC EDGAR XBRL (1647000000 for current debt and 10904000000 for long-term debt) | 3M Q2 2026 Form 10-Q and SEC EDGAR XBRL | August 4, 2026 |
| Net debt | $9.221 billion, calculated as cash and short-term investments of $3.330 billion minus total debt of $12.551 billion | StockAnalysis.com balance sheet | August 4, 2026 |
| Total assets, liabilities, and total equity | Total assets of $34.924 billion, total liabilities of $31.919 billion, 3M shareholders equity of $2.952 billion, and total equity of $3.005 billion as of June 30, 2026, matching the Q2 2026 Form 10-Q | 3M Q2 2026 Form 10-Q cross-check | August 4, 2026 |
| Shares outstanding | 515.72 million shares outstanding as of June 30, 2026, per the StockAnalysis.com statistics page and the Q2 2026 Form 10-Q cover, which lists 515,722,417 shares | StockAnalysis.com statistics and 3M Q2 2026 Form 10-Q | August 4, 2026 |
| Valuation check | 31.52x trailing GAAP EPS, 3.63x sales, 22.94x free cash flow, 30.96x book value, 1.76% dividend yield, with a 55.50% payout ratio and a 4.29% shareholder yield | StockAnalysis.com statistics | August 4, 2026 |
| Forward valuation | 19.25x forward PE, PEG 2.09, EV/EBITDA 16.51, EV/FCF 24.91, forward sales multiple 3.51 | StockAnalysis.com statistics | August 4, 2026 |
| Analyst consensus | Buy with an average target of $181.85 across 18 analysts, low $120 and high $219, median $191 | StockAnalysis.com forecast and analyst ratings | August 4, 2026 |
| Analyst rating mix, July 2026 | 8 Strong Buy, 0 Buy, 7 Hold, 3 Sell out of 18 analysts | StockAnalysis.com forecast recommendation trends | August 4, 2026 |
| Recent analyst target updates | Bank of America Securities maintained a Buy on August 3, J.P. Morgan $180 to $205 on July 29, Mizuho $180 on July 29, Goldman Sachs $190 to $202 on July 22, Deutsche Bank $175 to $192 on July 22, UBS $190 to $218 on July 22, Bernstein $140 to $145 on July 22, RBC Capital $123 to $132 on July 22, Citi $183 and Wolfe Research $201 after the report | StockAnalysis.com forecast and ratings | August 4, 2026 |
| Short interest | 10.95 million shares short, 2.12% of shares outstanding, 2.13% of float, 3.2 days to cover, down from 11.73 million the prior month | StockAnalysis.com statistics short selling | August 4, 2026 |
| Trailing free cash flow | Operating cash flow of $4.90 billion, capital expenditures of $0.914 billion, free cash flow of $3.99 billion over TTM, with free cash flow per share of $7.73 on the statistics page versus $7.48 on the cash flow statement page | StockAnalysis.com statistics and cash flow statement | August 4, 2026 |
| First-half 2026 operating cash flow | $1.56 billion of GAAP operating cash flow in the first six months of 2026, up from negative $1.03 billion a year earlier, helped by lower net payments of about $1.0 billion for PFAS-related environmental liabilities and the CAE legal settlement and by insurance recoveries, per the Q2 2026 Form 10-Q; management cited $1.9 billion of cash flow for the half on the earnings call | 3M Q2 2026 Form 10-Q and Q2 2026 earnings call | August 4, 2026 |
| 2026 capital spending outlook | Capital spending of about $1.1 billion expected for 2026, with $448 million invested in property, plant, and equipment in the first half, per the Q2 2026 Form 10-Q | 3M Q2 2026 Form 10-Q | August 4, 2026 |
| Solventum ownership | 3M owned approximately 15% of Solventum common stock with a fair value of $2.0 billion as of June 30, 2026, and expects to sell its stake within five years of the 2024 spin-off | 3M Q2 2026 Form 10-Q | August 4, 2026 |
| Dividend | Quarterly dividend of $0.78 per share, annual dividend of $3.12 with a 1.76% yield, ex-dividend date May 22, 2026, a roughly 7% increase declared in February 2026 from $0.73, dividend growth of 5.59% over one year, a 55.50% payout ratio, and 3M has paid dividends continuously since 1916 | 3M Q2 2026 Form 10-Q and StockAnalysis.com dividend history | August 4, 2026 |
| 2026 and 2027 consensus estimates | FY2026 revenue estimate $25.44B with adjusted EPS $8.93, FY2027 revenue $26.43B with adjusted EPS $9.70, 2026 adjusted EPS estimate range $8.80 to $9.04 | StockAnalysis.com forecast financial forecast | August 4, 2026 |
| 52-week range and performance | 52-week range $139.34 to $184.90, up 22.73% over the trailing 52 weeks, beta 1.08 | StockAnalysis.com quote and statistics | August 4, 2026 |
| Financial strength and returns | Altman Z-Score of 4.41 and Piotroski F-Score of 6 on StockAnalysis.com statistics, with ROE of 81.89%, ROIC of 36.58%, ROA of 8.74%, a current ratio of 1.24, and an effective tax rate of 22.95% | StockAnalysis.com statistics | August 4, 2026 |
| Technical snapshot | 5-day moving average near $178.00 and 20-day moving average near $166.65 computed from StockAnalysis.com daily price history, 50-day moving average near $161.28 and 200-day moving average near $159.22 on StockAnalysis.com statistics, 14-day RSI near 65.83, 14-day realized volatility near 38% annualized computed from StockAnalysis.com daily closes, 20-day average volume near 3.84 million shares on StockAnalysis.com statistics | StockAnalysis.com statistics and daily price history | August 4, 2026 |
This MMM AI stock analysis is an informational research tool, not investment advice, a recommendation, or a promise of future return. Forecast ranges are scenarios based on available filings, quote snapshots, and third-party data as of the stated cutoff date. They may be wrong, incomplete, or outdated after new earnings, legal developments, market moves, or macro conditions.
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