3M (MMM) Operating Margin (2009 - 2026)
3M's (MMM) quarterly Operating Margin came in at 15.14% in Q2 2026, down 283.0% year-over-year from 8.27% in Q2 2025, and down 34.66% quarter-over-quarter from 23.17% in Q1 2026.
Analysis
3M (MMM) Operating Margin (2009 - 2026) Analysis & Trends
3M has disclosed Operating Margin across 18 years of filings, most recently posting 15.14% for Q2 2026.
- In Q2 2026, Operating Margin fell 283.0% year-over-year to 15.14%; the TTM figure through Jun 2026 stood at 18.36% (down 109.0% YoY), while the FY2025 annual figure was 18.55%, down 107.0% from the prior year.
- Operating Margin came in at 15.14% for Q2 2026 at 3M, down from 23.17% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 48.22% in Q3 2022 to a low of 13981.82% in Q4 2022.
- Average Operating Margin over 5 years is 771.43%, with a median of 18.32% recorded in 2022.
- Year-over-year, Operating Margin slumped 1400058 bps in 2022 and soared 1399680 bps in 2023.
- Over 5 years, Operating Margin stood at 13981.82% in 2022, then soared by 100 bps to 14.98% in 2023, then advanced by 21 bps to 18.05% in 2024, then declined by 28 bps to 12.98% in 2025, then rose by 17 bps to 15.14% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 15.14% in Q2 2026, 23.17% in Q1 2026, and 12.98% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 84.27 Bn | 80.94 Bn | 2.68 Bn | 15.14% |
| 2 | Illinois Tool Works | 75.18 Bn | 74.34 Bn | 1.90 Bn | 26.67% |
| 3 | Ametek | 53.64 Bn | 53.15 Bn | 735.04 Mn | 25.84% |
| 4 | Rockwell Automation | 46.77 Bn | 46.29 Bn | 1.14 Bn | 20.80% |
| 5 | Mettler Toledo International | 25.86 Bn | 25.81 Bn | 650.22 Mn | 31.97% |
| 6 | Dover | 25.37 Bn | 23.61 Bn | 880.61 Mn | 17.89% |
| 7 | Nordson | 17.17 Bn | 17.06 Bn | 453.73 Mn | 27.28% |
| 8 | Fortive | 16.61 Bn | 16.24 Bn | 695.30 Mn | 19.14% |
| 9 | RBC Bearings | 14.93 Bn | 14.80 Bn | 247.80 Mn | 27.10% |
| 10 | Regal Rexnord | 10.43 Bn | 9.99 Bn | 611.60 Mn | 13.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.14% |
| Mar 31, 2026 | 23.17% |
| Dec 31, 2025 | 12.98% |
| Sep 30, 2025 | 22.20% |
| Jun 30, 2025 | 17.97% |
| Mar 31, 2025 | 20.93% |
| Dec 31, 2024 | 18.05% |
| Sep 30, 2024 | 20.91% |
| Jun 30, 2024 | 20.34% |
| Mar 31, 2024 | 19.10% |
| Dec 31, 2023 | 14.98% |
| Sep 30, 2023 | -49.38% |
| Jun 30, 2023 | -148.94% |
| Mar 31, 2023 | 20.50% |
| Dec 31, 2022 | -13,981.82% |
| Sep 30, 2022 | 48.22% |
| Jun 30, 2022 | 1.26% |
| Mar 31, 2022 | 18.59% |
| Dec 31, 2021 | 18.76% |
| Sep 30, 2021 | 20.00% |