3M (MMM) Gross Margin (2009 - 2026)
3M's (MMM) quarterly Gross Margin came in at 40.73% in Q1 2026, down 86.0% year-on-year from 290.93% in Q1 2025, and up 21.38% quarter-over-quarter from 33.56% in Q4 2025.
3M (MMM) Gross Margin (2009 - 2026) Analysis & Trends
3M has disclosed Gross Margin across 18 years of filings, most recently posting 40.73% for Q1 2026.
- Gross Margin for Q1 2026 came in at 40.73%, down 86.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 39.71% (down 138.0% YoY), and the FY2025 annual result was 39.91%, down 130.0% from the prior year.
- Gross Margin came in at 40.73% for Q1 2026 at 3M, up from 33.56% 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.
- The 5-year median for Gross Margin is 41.47% (2022), against an average of 600.61%.
- Across the five-year window, Gross Margin sank 1090908 bps in 2022 and jumped 1090041 bps in 2023, its largest moves.
- 3M's 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 gained by 21 bps to 40.73% in 2026.
- The last three Gross Margin figures came in at 40.73% (Q1 2026), 33.56% (Q4 2025), and 41.81% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Pampa Energy | 1,836.33 Bn | 900.18 Bn | 109.00 Mn | 39.07% |
| 2 | Honeywell International | 145.45 Bn | 134.13 Bn | 3.54 Bn | 38.71% |
| 3 | 3M | 85.14 Bn | 81.04 Bn | 2.46 Bn | 40.73% |
| 4 | Valmont Industries | 11.12 Bn | 10.97 Bn | 316.88 Mn | 30.79% |
| 5 | Seaboard | 4.59 Bn | 3.45 Bn | 217.00 Mn | 9.04% |
| 6 | Otter Tail | 3.66 Bn | 3.25 Bn | 239.49 Mn | 69.01% |
| 7 | Tetra Technologies | 1.37 Bn | 1.37 Bn | 38.23 Mn | 24.46% |
| 8 | Deluxe | 1.04 Bn | 1.01 Bn | 279.40 Mn | 51.92% |
| 9 | Matthews International | 826.85 Mn | 790.76 Mn | 101.98 Mn | 39.43% |
| 10 | Compass Diversified Holdings | 760.64 Mn | 828.28 Mn | 189.36 Mn | 44.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 47.27% |