3M (MMM) Gross Margin (2009 - 2026)

3M (MMM) posted Gross Margin of 41.28% for Q2 2026, up 1.34% sequentially from 40.73% in Q1 2026, and down 125.0% YoY from 165.11% in Q2 2025.

3M (MMM) Gross Margin (2009 - 2026) Analysis & Trends

3M has reported Gross Margin for 18 years, with the latest figure at 41.28% in Q2 2026.

Quarterly Gross Margin fell 125.0% year-over-year to 41.28% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 39.4% (down 160.0% YoY) and the FY2025 annual result came in at 39.91%, down 130.0% from the prior year.
Gross Margin improved to 41.28% in Q2 2026 per MMM's latest filing, from 40.73% in the prior quarter.
Over five years, Gross Margin peaked at 45.34% in Q1 2022 and troughed at 10863.64% in Q4 2022.
A 5-year average of 564.95% and a median of 41.38% in 2022 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2023: Gross Margin sank 1090908 bps in 2022, then soared 1090041 bps in 2023.
Over 5 years, Gross Margin stood at 10863.64% in 2022, then surged by 100 bps to 36.77% in 2023, then climbed by 3 bps to 37.7% in 2024, then fell by 11 bps to 33.56% in 2025, then rose by 23 bps to 41.28% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 41.28%, 40.73%, and 33.56% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	3M	92.62 Bn	89.29 Bn	2.68 Bn	41.28%
2	Honeywell International	69.21 Bn	60.02 Bn	3.65 Bn	37.59%
3	Valmont Industries	9.35 Bn	9.21 Bn	340.82 Mn	30.47%
4	Brookfield Business	5.78 Bn	1.02 Bn	1.27 Bn	19.59%
5	Pampa Energy	4.32 Bn	4.32 Bn	372,128.00	0.00%
6	Seaboard	4.18 Bn	2.97 Bn	221.00 Mn	7.56%
7	Otter Tail	3.86 Bn	3.51 Bn	216.33 Mn	64.63%
8	Deluxe	1.09 Bn	1.06 Bn	259.60 Mn	51.99%
9	Tetra Technologies	1.01 Bn	860.10 Mn	45.71 Mn	24.62%
10	Compass Diversified Holdings	754.93 Mn	694.18 Mn	189.36 Mn	44.36%

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