Read from its own SEC filings · nothing written, nothing inferred

3m $MMM

🫧 Edgar looked up 3M CO ($MMM). Last filing: 8-K (8.01 Other Events), 2026-09-10. 10 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $24.9B (FY2025), total debt $12.6B. Experience: revenue up 1.5% on the year, down 8.3% a year over 4 years; operating margin 18.6%, down from 19.6%. Soundness: equity 12.5% of assets, return on equity 69.4%, payout 47.9% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $20.6B and $28.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $18.0B to $31.8B. A statistical range, not company guidance. Against peers (60 filers, $50M+ revenue, surgical & medical instruments & apparatus): operating margin 18.6% against a 1.2% median; growth 1.5% against 11.6%.

3M CO against its own record and its peers
Operating marginPeer median 1.2%18.6%Revenue, on the yearPeer median 11.6%1.5%Equity of assetsPeer median 52.9%12.5%Return on equityPeer median -2.3%69.4%Payout of profitPeer median 38.1%47.9%Gold tick: the median of 8–59 peers with $50M+ revenue in surgical & medical instruments & apparatus
Handed back now, or kept to compound
Of each dollar of profit47.9% paid out52.1% keptHanded back per share$2.92cut in the latest yearGrowth its own profit can fund36.2%retained x return on equityRevenue growth it managed1.5%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

The figures, as filed

Fiscal year end2025-12-31
Revenue$24.9B
Revenue, on the year1.5%
Revenue, a year over the record−8.3%
Operating margin18.6%
Operating margin, prior year19.6%
Net margin13.1%
Research and developmentnot filed separately
Free cash flow$1.4B
Cash$5.2B
Total debt$12.6B
Equity of assets12.5%
Return on equity69.4%
Payout of profit47.9%
Dividend per share$2.92 · cut in the latest year
Earnings per share$6.05
Book value per share$8.69
Revenue per share$46.09
Shares outstanding541,300,000
Audited years read5

Peers: the median of 60 filers with $50M+ revenue in surgical & medical instruments & apparatus.

Health watch · last 12 months

Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt.

Health Harbor

3m sails as: Sound ship

Sailing speed follows growth: -1.6% a year crosses the harbor in 85 seconds.

New shipno warning signs
Sound shipone warning sign
Weathered boattwo warning signs
Old boatthree warning signs
Rotting at the dockfour or more warning signs

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Speed and cash · fiscal 2025

Cash Compass🍂 Fading · slow and jumpy, lagging its peers
Inside viewTurns 9.2% of revenue into operating cash; revenue shrinking 1.6% a year over three years; pays a dividend.
Outside viewAmong $10B+ companies: 34th percentile for cash, 21st for growth. cash growth

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Cash conversion (operating cash ÷ revenue)9.2%
Growth speed (3 years, per year)-1.6%
Revenue swing (std-dev of yearly growth)14.6%
Speed and steadinessSlow and jumpy
Common dividendpaid
Equity of assets12.5%

3m is growing slower than its size class, with revenue that swings more. SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

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