3M (MMM) Net Margin (2009 - 2026)
3M's Net Margin came in at 20.85% for Q3 2026, up 8.06 percentage points from 12.80% a year earlier and up 6.50 percentage points from the prior quarter.
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Analysis
3M (MMM) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, 3M reported Net Margin of 14.01%, up 0.31 percentage points year-over-year; for FY2025, it was 13.03%, down 3.95 percentage points from FY2024.
- Net Margin carries a five-year change of -3.90 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 16.98% in FY2024 (+45.40 pp), -28.42% in FY2023 (-50.51 pp), 22.08% in FY2022 (+5.34 pp) and 16.75% in FY2021 (-0.18 pp).
- The Q3 2026 figure represents the highest quarterly Net Margin since Q3 2024.
- Year-over-year, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -1.98 percentage points.
- The fastest year-over-year change in Net Margin over five years came in Q4 2022 (a gain of 4902.63 percentage points), and the weakest in Q4 2023 (a drop of 4902.44 percentage points).
- Business Quant data shows MMM's Net Margin at 14.35% (Q2 2026), 10.83% (Q1 2026) and 9.41% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 15.89% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 19.89% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 10.92% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 12.05% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 14.75% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 20.85% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 14.30% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 20.18% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 17.73% |
| 10 | Tenaris | 64.57 Bn | 36.09 Bn | 1.07 Bn | 16.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.85% |
| Jun 30, 2026 | 14.35% |
| Mar 31, 2026 | 10.83% |
| Dec 31, 2025 | 9.41% |
| Sep 30, 2025 | 12.80% |
| Jun 30, 2025 | 11.40% |
| Mar 31, 2025 | 18.74% |
| Dec 31, 2024 | 12.11% |
| Sep 30, 2024 | 21.80% |
| Jun 30, 2024 | 18.31% |
| Mar 31, 2024 | 15.43% |
| Dec 31, 2023 | 15.74% |
| Sep 30, 2023 | -33.09% |
| Jun 30, 2023 | -108.88% |
| Mar 31, 2023 | 16.12% |
| Dec 31, 2022 | 4,918.18% |
| Sep 30, 2022 | 44.77% |
| Jun 30, 2022 | 0.90% |
| Mar 31, 2022 | 14.71% |
| Dec 31, 2021 | 15.55% |
API Access
3M Net Margin 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=net-margin&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();