3M (MMM) Gross Margin (2009 - 2026)
3M's Gross Margin was 42.27% in Q3 2026, up 0.46 percentage points from 41.81% a year earlier and up 0.99 percentage points from the prior quarter.
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Analysis
3M (MMM) Gross Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, 3M's Gross Margin was 39.53% through Sep 30, 2026, down 1.42 percentage points year-over-year; for FY2025, it was 39.91%, down 1.30 percentage points from FY2024.
- Gross Margin shows a five-year change of -8.50 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 41.21% in FY2024 (+2.09 pp), 39.12% in FY2023 (-0.28 pp), 39.40% in FY2022 (-7.44 pp) and 46.84% in FY2021 (-1.57 pp).
- The Q3 2026 figure marks the highest quarterly Gross Margin since Q2 2025.
- Compared with a year earlier, Gross Margin was higher in two of the last eight quarters, with an average year-over-year change of -0.75 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q4 2023 (a gain of 10900.41 percentage points); the worst was Q4 2022 (a drop of 10909.08 percentage points).
- Per Business Quant data, MMM's Gross Margin in the three quarters before Q3 2026 was 41.28% (Q2 2026), 40.73% (Q1 2026) and 33.56% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 35.54% |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | 39.26% |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 36.94% |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 34.70% |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | 37.73% |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 42.27% |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | 54.48% |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | 45.09% |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | 38.11% |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 35.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 42.27% |
| Jun 30, 2026 | 41.28% |
| Mar 31, 2026 | 40.73% |
| Dec 31, 2025 | 33.56% |
| Sep 30, 2025 | 41.81% |
| Jun 30, 2025 | 42.53% |
| Mar 31, 2025 | 41.59% |
| Dec 31, 2024 | 37.70% |
| Sep 30, 2024 | 42.06% |
| Jun 30, 2024 | 42.91% |
| Mar 31, 2024 | 42.07% |
| Dec 31, 2023 | 36.77% |
| Sep 30, 2023 | 40.73% |
| Jun 30, 2023 | 40.67% |
| Mar 31, 2023 | 38.17% |
| Dec 31, 2022 | -10,863.64% |
| Sep 30, 2022 | 45.14% |
| Jun 30, 2022 | 41.47% |
| Mar 31, 2022 | 45.34% |
| Dec 31, 2021 | 45.45% |
API Access
3M Gross Margin 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=gross-margin&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();