3M (MMM) Invested Capital (2009 - 2026)
3M (MMM) reported Invested Capital of $15.56 billion for Q2 2026, down 11.1% from $17.5 billion a year earlier and down 2.0% from the prior quarter.
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Analysis
3M (MMM) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, 3M posted Invested Capital of $17.35 billion, up 2.4% from FY2024.
- Invested Capital has a five-year compound annual growth rate of -11.4% (FY2020 to FY2025).
- By year, Invested Capital came in at $16.94 billion in FY2024 (-19.0%), $20.9 billion in FY2023 (-31.9%), $30.71 billion in FY2022 (-5.5%) and $32.48 billion in FY2021 (+2.4%).
- The Q2 2026 figure ranks as the lowest quarterly Invested Capital in data going back to Q2 2009.
- Year over year, Invested Capital gained in two of the last eight quarters, with an average decline of 10.7%.
- The high point for year-over-year Invested Capital in five years was Q3 2021 (growth of 3.6%); the low point was Q4 2023 (a decline of 31.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $15.87 billion (Q1 2026), $17.35 billion (Q4 2025) and $17.28 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 388.70 Bn | 360.40 Bn | 7.76 Bn | 64.54 Bn |
| 2 | Amphenol | 214.42 Bn | 209.12 Bn | 3.55 Bn | 34.42 Bn |
| 3 | Deere | 185.30 Bn | 194.07 Bn | 4.66 Bn | 51.21 Bn |
| 4 | Eaton | 169.35 Bn | 166.59 Bn | 2.86 Bn | 40.91 Bn |
| 5 | Parker-Hannifin | 122.64 Bn | 120.77 Bn | 2.25 Bn | 23.93 Bn |
| 6 | Vertiv Holdings | 97.12 Bn | 87.74 Bn | 1.23 Bn | 7.70 Bn |
| 7 | Emerson Electric | 90.13 Bn | 82.89 Bn | 2.66 Bn | 33.51 Bn |
| 8 | 3M | 83.49 Bn | 64.94 Bn | 2.68 Bn | 15.56 Bn |
| 9 | Illinois Tool Works | 74.89 Bn | 71.45 Bn | 1.90 Bn | 12.59 Bn |
| 10 | Cummins | 72.76 Bn | 69.90 Bn | 2.47 Bn | 21.25 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.56 Bn |
| Mar 31, 2026 | 15.87 Bn |
| Dec 31, 2025 | 17.35 Bn |
| Sep 30, 2025 | 17.28 Bn |
| Jun 30, 2025 | 17.50 Bn |
| Mar 31, 2025 | 18.00 Bn |
| Dec 31, 2024 | 16.94 Bn |
| Sep 30, 2024 | 17.88 Bn |
| Jun 30, 2024 | 17.07 Bn |
| Mar 31, 2024 | 26.35 Bn |
| Dec 31, 2023 | 20.90 Bn |
| Sep 30, 2023 | 20.74 Bn |
| Jun 30, 2023 | 23.84 Bn |
| Mar 31, 2023 | 31.31 Bn |
| Dec 31, 2022 | 30.71 Bn |
| Sep 30, 2022 | 29.86 Bn |
| Jun 30, 2022 | 30.09 Bn |
| Mar 31, 2022 | 31.68 Bn |
| Dec 31, 2021 | 32.48 Bn |
| Sep 30, 2021 | 32.70 Bn |
API Access
3M Invested Capital 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=invested-capital&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();