3M (MMM) Change in Inventory (2009 - 2026)
3M (MMM) recorded Change in Inventory of $212 million in Q3 2026, compared with -$148 million a year earlier and up 161.7% from the prior quarter.
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Analysis
3M (MMM) Change in Inventory (2009 - 2026) Analysis & Trends
On a TTM basis, 3M's Change in Inventory came in at $113 million as of Sep 30, 2026; for FY2025, it was -$139 million.
- Across earlier years, Change in Inventory came in at -$41 million in FY2024, -$567 million in FY2023, $629 million in FY2022 (-30.3%) and $903 million in FY2021 (+892.3%).
- The Q3 2026 figure is the highest quarterly Change in Inventory since Q2 2022.
- Peak year-over-year performance for Change in Inventory in the last five years was growth of 52.4% in Q2 2022, against a decline of 59.2% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $81 million (Q2 2026), $51 million (Q1 2026) and -$231 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 1.57 Bn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | - |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | -295.00 Mn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | - |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 232.00 Mn |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 212.00 Mn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 60.00 Mn |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 67.00 Mn |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 766.90 Mn |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 34.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 212.00 Mn |
| Jun 30, 2026 | 81.00 Mn |
| Mar 31, 2026 | 51.00 Mn |
| Dec 31, 2025 | -231.00 Mn |
| Sep 30, 2025 | -148.00 Mn |
| Jun 30, 2025 | 115.00 Mn |
| Mar 31, 2025 | 125.00 Mn |
| Dec 31, 2024 | -213.00 Mn |
| Sep 30, 2024 | -98.00 Mn |
| Jun 30, 2024 | 129.00 Mn |
| Mar 31, 2024 | 141.00 Mn |
| Dec 31, 2023 | -331.00 Mn |
| Sep 30, 2023 | -135.00 Mn |
| Jun 30, 2023 | -10.00 Mn |
| Mar 31, 2023 | -91.00 Mn |
| Dec 31, 2022 | -389.00 Mn |
| Sep 30, 2022 | 181.00 Mn |
| Jun 30, 2022 | 518.00 Mn |
| Mar 31, 2022 | 319.00 Mn |
| Dec 31, 2021 | 80.00 Mn |
API Access
3M Change in Inventory 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=change-in-inventory&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();