3M Financial Ratios
NYSE: MMMHealth CareMedical/Dental InstrumentsUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
3M ratio analysis
3M earned a net margin of 13.0% in FY 2025, down from 17.0% a year earlier. Gross margin was 39.9% compared with a median of 46.8% over the prior 9 years. Return on equity reached 69.1%, meaning 3M generated 0.69 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 2.68 versus 3.40 the year before, and the current ratio was 1.71. At the end of FY 2025, MMM traded at 27.0 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 9.8 to 27.0, with a median of 18.0. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
3M financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 26.97 | 17.20 | — | 9.85 | 14.68 | 15.61 | 19.33 | 17.99 | 24.82 | 18.30 |
| Price / sales | 3.49 | 2.91 | 2.06 | 2.17 | 2.43 | 2.62 | 2.68 | 2.87 | 3.71 | 3.00 |
| Price / book | 18.49 | 18.62 | 10.53 | 3.85 | 5.72 | 6.56 | 8.56 | 9.61 | 10.17 | 8.77 |
| Gross margin | 39.9% | 41.2% | 39.1% | 39.4% | 46.8% | 48.4% | 46.7% | 49.1% | 49.3% | 49.8% |
| Operating margin | 18.6% | 19.6% | -43.4% | 16.7% | 20.8% | 22.3% | 19.2% | 22.0% | 24.3% | 23.3% |
| Net margin | 13.0% | 17.0% | -28.4% | 22.1% | 16.7% | 16.9% | 14.1% | 16.3% | 15.3% | 16.8% |
| Free cash flow margin | 5.6% | 2.6% | 20.6% | 14.7% | 16.5% | 20.5% | 16.7% | 14.8% | 15.4% | 17.4% |
| Return on equity (ROE) | 69.1% | 108.6% | -145.5% | 39.2% | 39.4% | 42.3% | 44.9% | 54.6% | 42.0% | 49.0% |
| Return on assets (ROA) | 8.6% | 10.5% | -13.8% | 12.4% | 12.6% | 11.5% | 10.1% | 14.7% | 12.8% | 15.3% |
| Debt / equity | 2.68 | 3.40 | 3.34 | 1.08 | 1.15 | 1.46 | 2.02 | 1.49 | 1.21 | 1.13 |
| Current ratio | 1.71 | 1.41 | 1.07 | 1.54 | 1.70 | 1.89 | 1.41 | 1.89 | 1.86 | 1.89 |
| Revenue growth | 1.5% | -0.1% | -5.9% | -26.0% | 9.9% | 0.1% | -1.9% | 3.5% | 5.1% | -0.5% |
| EPS growth | -20.5% | — | -224.1% | 0.6% | 8.1% | 21.2% | -13.2% | 12.1% | -2.8% | 7.7% |