3M (MMM) Operating Leases (2019 - 2025)
3M (MMM) reported Operating Leases of $379 million for Q3 2025, down 14.4% from $443 million a year earlier and down 5.3% from the prior quarter.
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Analysis
3M (MMM) Operating Leases (2019 - 2025) Analysis & Trends
At the end of FY2024, 3M posted Operating Leases of $405 million, down 12.7% from FY2023.
- Operating Leases has declined for four consecutive years, with a five-year compound annual growth rate of -7.8% (FY2019 to FY2024).
- By year, Operating Leases came in at $464 million in FY2023 (-20.0%), $580 million in FY2022 (-1.9%), $591 million in FY2021 (-3.0%) and $609 million in FY2020 (+0.3%).
- The Q3 2025 figure ranks as the lowest quarterly Operating Leases in data going back to Q1 2019.
- Year over year, Operating Leases has now declined in each of the last ten quarters, with an average decline of 17.0% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q1 2023 (growth of 3.1%); the low point was Q2 2024 (a decline of 22.3%).
- Per Business Quant data, the three quarters before Q3 2025 came in at $400 million (Q2 2025), $415 million (Q1 2025) and $405 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Caterpillar | 380.10 Bn | 351.79 Bn | 7.76 Bn |
| 2 | Amphenol | 208.03 Bn | 202.73 Bn | 3.55 Bn |
| 3 | Deere | 183.47 Bn | 192.23 Bn | 4.66 Bn |
| 4 | Eaton | 168.26 Bn | 165.49 Bn | 2.86 Bn |
| 5 | Parker-Hannifin | 122.34 Bn | 120.47 Bn | 2.25 Bn |
| 6 | Vertiv Holdings | 95.63 Bn | 86.25 Bn | 1.23 Bn |
| 7 | Emerson Electric | 87.72 Bn | 80.47 Bn | 2.66 Bn |
| 8 | 3M | 86.87 Bn | 68.33 Bn | 2.68 Bn |
| 9 | Illinois Tool Works | 76.08 Bn | 72.64 Bn | 1.90 Bn |
| 10 | Cummins | 71.78 Bn | 68.92 Bn | 2.47 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 379.00 Mn |
| Jun 30, 2025 | 400.00 Mn |
| Mar 31, 2025 | 415.00 Mn |
| Dec 31, 2024 | 405.00 Mn |
| Sep 30, 2024 | 443.00 Mn |
| Jun 30, 2024 | 443.00 Mn |
| Mar 31, 2024 | 517.00 Mn |
| Dec 31, 2023 | 464.00 Mn |
| Sep 30, 2023 | 550.00 Mn |
| Jun 30, 2023 | 570.00 Mn |
| Mar 31, 2023 | 627.00 Mn |
| Dec 31, 2022 | 580.00 Mn |
| Sep 30, 2022 | 570.00 Mn |
| Jun 30, 2022 | 584.00 Mn |
| Mar 31, 2022 | 608.00 Mn |
| Dec 31, 2021 | 591.00 Mn |
| Sep 30, 2021 | 580.00 Mn |
| Jun 30, 2021 | 603.00 Mn |
| Mar 31, 2021 | 609.00 Mn |
| Dec 31, 2020 | 609.00 Mn |
API Access
3M Operating Leases 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=operating-leases&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();