3M (MMM) Return on Invested Capital [ROIC] (2009 - 2026)
3M (MMM) recorded Return on Invested Capital [ROIC] of 22.04% in Q3 2026, down 0.54 percentage points from 22.57% a year earlier and down 0.63 percentage points from the prior quarter.
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Analysis
3M (MMM) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, 3M reported Return on Invested Capital [ROIC] of 20.57%, down 0.66 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +2.07 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 21.23% in FY2024 (+52.12 pp), -30.88% in FY2023 (-44.09 pp), 13.21% in FY2022 (-5.65 pp) and 18.86% in FY2021 (+0.35 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from -43.30% in Q3 2023 to 23.63% in Q1 2025 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] rose in five of the last eight quarters, with an average year-over-year change of +16.77 percentage points.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 65.34 percentage points in Q3 2024, against a drop of 65.75 percentage points in Q3 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 22.67% (Q2 2026), 21.33% (Q1 2026) and 20.37% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 267.46 Bn | 238.77 Bn | 7.35 Bn | 16.80% |
| 2 | Amphenol | 197.37 Bn | 192.21 Bn | 4.02 Bn | 18.53% |
| 3 | Deere | 185.36 Bn | 194.13 Bn | 4.66 Bn | 5.47% |
| 4 | Eaton | 137.64 Bn | 134.62 Bn | 3.11 Bn | 10.72% |
| 5 | Parker-Hannifin | 121.80 Bn | 119.79 Bn | 2.26 Bn | 13.34% |
| 6 | 3M | 97.84 Bn | 80.25 Bn | 2.78 Bn | 22.04% |
| 7 | Emerson Electric | 93.37 Bn | 85.86 Bn | 2.74 Bn | 11.23% |
| 8 | Illinois Tool Works | 81.86 Bn | 78.53 Bn | 1.91 Bn | 27.11% |
| 9 | Vertiv Holdings | 74.77 Bn | 63.62 Bn | 1.64 Bn | 26.27% |
| 10 | Tenaris | 64.57 Bn | 36.09 Bn | 1.07 Bn | 12.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.04% |
| Jun 30, 2026 | 22.67% |
| Mar 31, 2026 | 21.33% |
| Dec 31, 2025 | 20.37% |
| Sep 30, 2025 | 22.57% |
| Jun 30, 2025 | 21.95% |
| Mar 31, 2025 | 23.63% |
| Dec 31, 2024 | 23.08% |
| Sep 30, 2024 | 22.04% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | -33.02% |
| Dec 31, 2023 | -36.79% |
| Sep 30, 2023 | -43.30% |
| Jun 30, 2023 | -12.45% |
| Mar 31, 2023 | 12.47% |
| Dec 31, 2022 | 13.78% |
| Sep 30, 2022 | 22.45% |
| Jun 30, 2022 | 13.91% |
| Mar 31, 2022 | 17.83% |
| Dec 31, 2021 | 18.58% |
API Access
3M Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();