3M (MMM) Return on Capital Employed [ROCE] (2009 - 2026)
3M (MMM) posted Return on Capital Employed [ROCE] of 18.67% for Q3 2026, up 1.75 percentage points from 16.92% a year earlier but down 0.75 percentage points from the prior quarter.
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Analysis
3M (MMM) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, 3M's Return on Capital Employed [ROCE] came in at 15.85%, up 1.65 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of -2.97 percentage points (FY2020 to FY2025).
- In prior years, 3M's Return on Capital Employed [ROCE] was 14.20% in FY2024 (+46.37 pp), -32.18% in FY2023 (-43.91 pp), 11.73% in FY2022 (-7.57 pp) and 19.30% in FY2021 (+0.49 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of -37.74% in Q3 2023 to a high of 20.69% in Q3 2022 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased in each of the last three quarters, with an average year-over-year change of +14.00 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q3 2024, with a gain of 52.83 percentage points; the weakest was Q3 2023, with a drop of 58.43 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 19.43% (Q2 2026), 17.35% (Q1 2026) and 16.49% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | 22.25% |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 25.53% |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | - |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 12.64% |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 17.64% |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 18.67% |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 14.90% |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 38.87% |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 31.72% |
| 10 | Tenaris | 62.09 Bn | 33.35 Bn | 1.07 Bn | 10.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.67% |
| Jun 30, 2026 | 19.43% |
| Mar 31, 2026 | 17.35% |
| Dec 31, 2025 | 16.49% |
| Sep 30, 2025 | 16.92% |
| Jun 30, 2025 | 15.36% |
| Mar 31, 2025 | 16.15% |
| Dec 31, 2024 | 16.56% |
| Sep 30, 2024 | 15.08% |
| Jun 30, 2024 | 0.64% |
| Mar 31, 2024 | -26.17% |
| Dec 31, 2023 | -29.63% |
| Sep 30, 2023 | -37.74% |
| Jun 30, 2023 | -14.88% |
| Mar 31, 2023 | 10.99% |
| Dec 31, 2022 | 11.87% |
| Sep 30, 2022 | 20.69% |
| Jun 30, 2022 | 14.38% |
| Mar 31, 2022 | 18.80% |
| Dec 31, 2021 | 19.07% |
API Access
3M Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();