3M (MMM) Gross Margin (2009 - 2026)
3M's (MMM) quarterly Gross Margin came in at 41.28% in Q2 2026, down 125.0% year-over-year from 165.11% in Q2 2025, and up 1.34% quarter-over-quarter from 40.73% in Q1 2026.
Analysis
3M (MMM) Gross Margin (2009 - 2026) Analysis & Trends
3M has disclosed Gross Margin across 18 years of filings, most recently posting 41.28% for Q2 2026.
- In Q2 2026, Gross Margin fell 125.0% year-over-year to 41.28%; the TTM figure through Jun 2026 stood at 39.4% (down 160.0% YoY), while the FY2025 annual figure was 39.91%, down 130.0% from the prior year.
- Gross Margin came in at 41.28% for Q2 2026 at 3M, up from 40.73% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 45.34% in Q1 2022 to a low of 10863.64% in Q4 2022.
- Average Gross Margin over 5 years is 564.95%, with a median of 41.38% recorded in 2022.
- Year-over-year, Gross Margin plunged 1090908 bps in 2022 and surged 1090041 bps in 2023.
- Over 5 years, Gross Margin stood at 10863.64% in 2022, then soared by 100 bps to 36.77% in 2023, then gained by 3 bps to 37.7% in 2024, then dropped by 11 bps to 33.56% in 2025, then grew by 23 bps to 41.28% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 41.28% in Q2 2026, 40.73% in Q1 2026, and 33.56% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 85.28 Bn | 81.95 Bn | 2.68 Bn | 41.28% |
| 2 | Illinois Tool Works | 75.67 Bn | 74.83 Bn | 1.90 Bn | 44.13% |
| 3 | Ametek | 54.19 Bn | 53.69 Bn | 735.04 Mn | 35.95% |
| 4 | Rockwell Automation | 47.43 Bn | 46.95 Bn | 1.14 Bn | 49.46% |
| 5 | Mettler Toledo International | 26.01 Bn | 25.96 Bn | 650.22 Mn | 63.29% |
| 6 | Dover | 25.81 Bn | 24.05 Bn | 880.61 Mn | 40.21% |
| 7 | Nordson | 17.47 Bn | 17.36 Bn | 453.73 Mn | 55.49% |
| 8 | Fortive | 17.01 Bn | 16.64 Bn | 695.30 Mn | 63.39% |
| 9 | RBC Bearings | 15.36 Bn | 15.24 Bn | 247.80 Mn | 47.70% |
| 10 | Regal Rexnord | 10.69 Bn | 10.25 Bn | 611.60 Mn | 39.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 45.73% |