3M (MMM) Gross Margin (2009 - 2026)
3M (MMM) reported Gross Margin of 41.28% for Q2 2026, down 125.0% on a YoY basis from 165.11% in Q2 2025, and up 1.34% sequentially from 40.73% in Q1 2026.
3M (MMM) Gross Margin (2009 - 2026) Analysis & Trends
3M (MMM) has 18 years of Gross Margin data on file, last reported at 41.28% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 125.0% year-over-year to 41.28%; the trailing twelve-month figure through Jun 2026 stood at 39.4% (down 160.0% YoY), and the FY2025 full-year result was 39.91%, down 130.0% from the prior year.
- Gross Margin improved to 41.28% in Q2 2026, 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.
- A 5-year average of 564.95% and a median of 41.38% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin tumbled 1090908 bps in 2022 and jumped 1090041 bps in 2023, its largest moves.
- Tracing MMM's Gross Margin over 5 years: stood at 10863.64% in 2022, then surged by 100 bps to 36.77% in 2023, then rose by 3 bps to 37.7% in 2024, then slipped by 11 bps to 33.56% in 2025, then climbed by 23 bps to 41.28% in 2026.
- Business Quant data shows MMM's Gross Margin at 41.28% in Q2 2026, 40.73% in Q1 2026, and 33.56% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 88.13 Bn | 84.85 Bn | 2.68 Bn | 41.28% |
| 2 | Honeywell International | 78.15 Bn | 66.84 Bn | 3.65 Bn | 37.59% |
| 3 | Valmont Industries | 9.52 Bn | 9.36 Bn | 316.88 Mn | 30.79% |
| 4 | Brookfield Business | 6.56 Bn | 5.50 Bn | 1.31 Bn | 20.35% |
| 5 | Seaboard | 4.44 Bn | 3.30 Bn | 217.00 Mn | 9.04% |
| 6 | Otter Tail | 3.87 Bn | 3.47 Bn | 239.49 Mn | 69.01% |
| 7 | Tetra Technologies | 1.18 Bn | 1.14 Bn | 38.23 Mn | 24.46% |
| 8 | Deluxe | 1.16 Bn | 1.13 Bn | 279.40 Mn | 51.92% |
| 9 | Matthews International | 843.71 Mn | 807.63 Mn | 101.98 Mn | 39.43% |
| 10 | Compass Diversified Holdings | 745.59 Mn | 813.24 Mn | 189.36 Mn | 44.36% |
Historic Data
Download 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% |