3M (MMM) Capital Expenditures (2009 - 2026)
3M (MMM) recorded Capital Expenditures of $223 million in Q2 2026, up 7.2% from $208 million a year earlier but down 0.9% 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 $914 million as of Jun 30, 2026, down 6.8% 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%).
- Quarterly Capital Expenditures has ranged from $208 million in Q2 2025 to $556 million in Q4 2021 over the past five years.
- On a year-over-year basis, Capital Expenditures rose in 1 of the last eight quarters, with an average decline of 17.7%.
- 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 $225 million (Q1 2026), $248 million (Q4 2025) and $218 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn | 587.00 Mn |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn | 355.50 Mn |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn | 638.00 Mn |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn | 253.00 Mn |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn | 173.00 Mn |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn | 173.30 Mn |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn | 102.00 Mn |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn | 223.00 Mn |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn | 92.00 Mn |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn | 249.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 343.00 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();