3M (MMM) Operating Margin (2009 - 2026)

3M (MMM) posted Operating Margin of 15.14% for Q2 2026, down 34.66% sequentially from 23.17% in Q1 2026, and down 283.0% YoY from 8.27% in Q2 2025.

3M (MMM) Operating Margin (2009 - 2026) Analysis & Trends

3M has reported Operating Margin for 18 years, with the latest figure at 15.14% in Q2 2026.

Quarterly Operating Margin fell 283.0% year-over-year to 15.14% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 18.36% (down 109.0% YoY) and the FY2025 annual result came in at 18.55%, down 107.0% from the prior year.
Operating Margin fell to 15.14% in Q2 2026 per MMM's latest filing, from 23.17% in the prior quarter.
Over five years, Operating Margin peaked at 48.22% in Q3 2022 and troughed at 13981.82% in Q4 2022.
A 5-year average of 771.43% and a median of 18.32% in 2022 frame the typical range for Operating Margin.
The sharpest annual moves came in 2022 and 2023: Operating Margin tumbled 1400058 bps in 2022, then jumped 1399680 bps in 2023.
Over 5 years, Operating Margin stood at 13981.82% in 2022, then surged by 100 bps to 14.98% in 2023, then grew by 21 bps to 18.05% in 2024, then retreated by 28 bps to 12.98% in 2025, then advanced by 17 bps to 15.14% in 2026.
According to Business Quant data, Operating Margin over the past three periods registered 15.14%, 23.17%, and 12.98% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Operating Margin (Qtr)
1	3M	93.71 Bn	90.38 Bn	2.68 Bn	15.14%
2	Honeywell International	69.33 Bn	60.14 Bn	3.65 Bn	18.37%
3	Valmont Industries	9.38 Bn	9.24 Bn	340.82 Mn	14.85%
4	Brookfield Business	5.92 Bn	1.16 Bn	1.27 Bn	15.15%
5	Pampa Energy	4.41 Bn	4.41 Bn	372,128.00	6.37%
6	Seaboard	4.01 Bn	2.80 Bn	221.00 Mn	3.42%
7	Otter Tail	3.84 Bn	3.49 Bn	216.33 Mn	-7.23%
8	Deluxe	1.08 Bn	1.05 Bn	259.60 Mn	11.16%
9	Tetra Technologies	993.83 Mn	839.25 Mn	45.71 Mn	10.84%
10	Compass Diversified Holdings	753.62 Mn	692.88 Mn	189.36 Mn	-0.45%

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