3M (MMM) Capital Expenditures (2009 - 2026)
3M (MMM) recorded Capital Expenditures of $256 million in Q3 2026, up 17.4% from $218 million a year earlier and up 14.8% from the prior quarter.
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Analysis
3M (MMM) Capital Expenditures (2009 - 2026) Analysis & Trends
On a TTM basis, 3M's Capital Expenditures came in at $952 million as of Sep 30, 2026, down 0.1% year-over-year; for FY2025, it was $910 million, down 22.9% from FY2024.
- Annual Capital Expenditures has declined for three straight years, with a five-year compound annual growth rate of -9.5% (FY2020 to FY2025).
- Across earlier years, Capital Expenditures came in at $1.18 billion in FY2024 (-26.9%), $1.62 billion in FY2023 (-7.7%), $1.75 billion in FY2022 (+9.1%) and $1.6 billion in FY2021 (+6.8%).
- The Q3 2026 figure is the highest quarterly Capital Expenditures since Q4 2024.
- On a year-over-year basis, Capital Expenditures rose in two of the last eight quarters, with an average decline of 10.6%.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 36.8% in Q1 2022, against a decline of 39.3% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $223 million (Q2 2026), $225 million (Q1 2026) and $248 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 1.06 Bn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 457.20 Mn |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 903.00 Mn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 275.00 Mn |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 109.00 Mn |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 256.00 Mn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 102.00 Mn |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 102.00 Mn |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 139.10 Mn |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 304.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 256.00 Mn |
| Jun 30, 2026 | 223.00 Mn |
| Mar 31, 2026 | 225.00 Mn |
| Dec 31, 2025 | 248.00 Mn |
| Sep 30, 2025 | 218.00 Mn |
| Jun 30, 2025 | 208.00 Mn |
| Mar 31, 2025 | 236.00 Mn |
| Dec 31, 2024 | 291.00 Mn |
| Sep 30, 2024 | 246.00 Mn |
| Jun 30, 2024 | 269.00 Mn |
| Mar 31, 2024 | 375.00 Mn |
| Dec 31, 2023 | 358.00 Mn |
| Sep 30, 2023 | 405.00 Mn |
| Jun 30, 2023 | 377.00 Mn |
| Mar 31, 2023 | 475.00 Mn |
| Dec 31, 2022 | 506.00 Mn |
| Sep 30, 2022 | 435.00 Mn |
| Jun 30, 2022 | 384.00 Mn |
| Mar 31, 2022 | 424.00 Mn |
| Dec 31, 2021 | 556.00 Mn |
API Access
3M Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "MMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();