3M (MMM) Research & Development (2009 - 2026)
3M's Research & Development came in at $304 million for Q3 2026, up 2.4% from $297 million a year earlier and up 0.7% from the prior quarter.
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Analysis
3M (MMM) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, 3M reported Research & Development of $1.21 billion, up 5.3% year-over-year; for FY2025, it came in at $1.17 billion, up 7.7% from FY2024.
- Research & Development carries a five-year compound annual growth rate of -9.3% (FY2020 to FY2025).
- Going back by year, Research & Development was $1.09 billion in FY2024 (-6.0%), $1.15 billion in FY2023 (-3.8%), $1.2 billion in FY2022 (-40.0%) and $2 billion in FY2021 (+5.3%).
- The five-year range for quarterly Research & Development is -$217 million (Q4 2022) to $480 million (Q1 2022).
- Year-over-year, Research & Development has increased for seven consecutive quarters, with growth averaging 5.4% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q1 2025 (growth of 12.2%), and the weakest in Q1 2024 (a decline of 46.2%).
- Business Quant data shows MMM's Research & Development at $302 million (Q2 2026), $308 million (Q1 2026) and $299 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 268.42 Bn | 239.73 Bn | 7.35 Bn | 596.00 Mn |
| 2 | Amphenol | 200.18 Bn | 194.88 Bn | 4.02 Bn | - |
| 3 | Deere | 182.33 Bn | 150.42 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 139.45 Bn | 136.39 Bn | 3.11 Bn | 238.00 Mn |
| 5 | Parker-Hannifin | 120.96 Bn | 118.84 Bn | 2.26 Bn | - |
| 6 | 3M | 97.01 Bn | 78.45 Bn | 2.78 Bn | 304.00 Mn |
| 7 | Emerson Electric | 93.92 Bn | 86.65 Bn | 2.66 Bn | - |
| 8 | Illinois Tool Works | 80.83 Bn | 77.51 Bn | 1.91 Bn | - |
| 9 | Vertiv Holdings | 75.75 Bn | 64.60 Bn | 1.64 Bn | - |
| 10 | TE Connectivity | 63.95 Bn | 59.09 Bn | 1.84 Bn | 230.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 304.00 Mn |
| Jun 30, 2026 | 302.00 Mn |
| Mar 31, 2026 | 308.00 Mn |
| Dec 31, 2025 | 299.00 Mn |
| Sep 30, 2025 | 297.00 Mn |
| Jun 30, 2025 | 288.00 Mn |
| Mar 31, 2025 | 285.00 Mn |
| Dec 31, 2024 | 282.00 Mn |
| Sep 30, 2024 | 269.00 Mn |
| Jun 30, 2024 | 280.00 Mn |
| Mar 31, 2024 | 254.00 Mn |
| Dec 31, 2023 | 292.00 Mn |
| Sep 30, 2023 | 267.00 Mn |
| Jun 30, 2023 | 298.00 Mn |
| Mar 31, 2023 | 472.00 Mn |
| Dec 31, 2022 | -217.00 Mn |
| Sep 30, 2022 | 461.00 Mn |
| Jun 30, 2022 | 476.00 Mn |
| Mar 31, 2022 | 480.00 Mn |
| Dec 31, 2021 | 480.00 Mn |
API Access
3M Research & Development 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=research-and-development&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();