{ "ok": true, "cik": "66740", "ticker": "MMM", "name": "3M CO", "filings": [ { "form": "8-K", "filed": "2026-09-10", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/66740/000110465926106710/0001104659-26-106710-index.htm" }, { "form": "8-K", "filed": "2026-08-19", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.02 Termination of a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation" ], "url": "https://www.sec.gov/Archives/edgar/data/66740/000006674026000268/0000066740-26-000268-index.htm" }, { "form": "10-Q", "filed": "2026-07-21", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/66740/000006674026000246/0000066740-26-000246-index.htm" }, { "form": "8-K", "filed": "2026-07-21", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/66740/000006674026000242/0000066740-26-000242-index.htm" }, { "form": "8-K", "filed": "2026-06-08", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/66740/000006674026000229/0000066740-26-000229-index.htm" }, { "form": "8-K", "filed": "2026-05-13", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/66740/000006674026000221/0000066740-26-000221-index.htm" } ], "events12m": 10, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-06-08", "url": "https://www.sec.gov/Archives/edgar/data/66740/000006674026000229/0000066740-26-000229-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000066740.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=66740" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 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.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 24948000000, "revenueGrowth1y": 0.015178026449643944, "revenueGrowthPerYear": -0.08347097388978575, "yearsOfData": 5, "operatingMargin": 0.18554593554593554, "operatingMarginPrior": 0.19621566632756868, "netMargin": 0.1307519640852974, "operatingCashFlow": 2306000000, "capitalSpending": 910000000, "freeCashFlow": 1396000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 5235000000, "longTermDebt": 12602000000, "longTermDebtChange": -0.033885311254216455, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 35355000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 26161000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 24610000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 24575000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 24948000000 } ], "totalEquity": 4702000000, "totalAssets": 37733000000, "equityRatio": 0.12461240823682188, "returnOnEquity": 0.6937473415567843, "dividendsPaid": 1562000000, "payoutRatio": 0.47884733292458614, "dividendPerShare": 2.92, "dividendYearsRising": 0, "dividendCut": true, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 6.05, "sharesOutstanding": 541300000, "bookValuePerShare": 8.686495473859228, "revenuePerShare": 46.08904489192684, "range80": { "low": 20594943797.67862, "high": 28060822755.288002, "baseline": 24941478905.660942, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.14637747869906884, "classVolatility": 0.06659579566308972, "volatility": 0.11371316166191218 }, "ifPaceHeld": { "low": 20594943797.67862, "high": 28060822755.288002 } }, "edgarette": "🔖 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%.", "peers": { "sic": 3841, "sicDescription": "Surgical & Medical Instruments & Apparatus", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3841", "growth": [ 0.1161, 60 ], "opMargin": [ 0.0124, 60 ], "equityRatio": [ 0.5291, 59 ], "returnOnEquity": [ -0.0233, 55 ], "payoutRatio": [ 0.3812, 8 ] }, "summary": "3M (MMM) grew revenue 1.5% in FY2025 to $24.9 billion, operating margin 18.6% against a 1.2% median for surgical & medical instruments & apparatus, equity 12.5% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
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
", "chartHorizon": "
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.

", "backtest": { "tests": 15, "hits": 12, "rate": 0.8, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:54:32.331Z", "hash": "87a139717229ea6b", "status": "open" }, "caution": "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.", "schema": "pops4.edgarette.card/1", "card": { "summary": "3M (MMM) grew revenue 1.5% in FY2025 to $24.9 billion, operating margin 18.6% against a 1.2% median for surgical & medical instruments & apparatus, equity 12.5% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 24948000000, "totalDebt": 12602000000, "cash": 5235000000 }, "experience": { "revenueGrowth1y": 0.015178026449643944, "revenueGrowthPerYear": -0.08347097388978575, "operatingMargin": 0.18554593554593554, "operatingMarginPrior": 0.19621566632756868, "netMargin": 0.1307519640852974, "freeCashFlow": 1396000000 }, "soundness": { "equityRatio": 0.12461240823682188, "returnOnEquity": 0.6937473415567843, "payoutRatio": 0.47884733292458614, "dividendPerShare": 2.92, "dividendYearsRising": 0, "dividendCut": true, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3841, "sicDescription": "Surgical & Medical Instruments & Apparatus", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "3841", "growth": [ 0.1161, 60 ], "opMargin": [ 0.0124, 60 ], "equityRatio": [ 0.5291, 59 ], "returnOnEquity": [ -0.0233, 55 ], "payoutRatio": [ 0.3812, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-06-08", "url": "https://www.sec.gov/Archives/edgar/data/66740/000006674026000229/0000066740-26-000229-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 20594943797.67862, "high": 28060822755.288002, "baseline": 24941478905.660942, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.14637747869906884, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.11371316166191218, "k": 3 }, "stress": { "low": 17978230745.751804, "high": 31763778784.597694, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 12, "rate": 0.8, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:54:32.331Z", "hash": "87a139717229ea6b", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "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.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000066740.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=66740" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0924, "growth3y": -0.0157, "volatility": 0.1464, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.1246, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 9.2% of revenue into operating cash; revenue shrinking 1.6% a year over three years; pays a dividend.", "outside": "Among $10B+ companies: 34th percentile for cash, 21st for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 34, "growthPctInClass": 21, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "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.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 2306000000, "investing": 1350000000, "financing": -4016000000, "capitalSpending": 910000000, "free": 1396000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 7454000000, "free": 5851000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 5591000000, "free": 3842000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 6680000000, "free": 5065000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 1819000000, "free": 638000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 2306000000, "free": 1396000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 5235000000, "shortTerm": 599000000, "longTerm": 111000000, "equityHoldings": 2026000000, "totalAssets": 37733000000, "ladder": { "within1y": 599000000, "y1to5": 111000000, "y5to10": null, "y10plus": null, "noSingleDate": null }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0924, "growth3y": -0.0157, "volatility": 0.1464, "paysDividend": true, "raisedDividend": false, "equityRatio": 0.1246, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 9.2% of revenue into operating cash; revenue shrinking 1.6% a year over three years; pays a dividend.", "outside": "Among $10B+ companies: 34th percentile for cash, 21st for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "$10B+", "cashPctInClass": 34, "growthPctInClass": 21, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "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.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 2306000000, "investing": 1350000000, "financing": -4016000000, "capitalSpending": 910000000, "free": 1396000000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": 7454000000, "free": 5851000000 }, { "fiscalYearEnd": "2022-12-31", "operating": 5591000000, "free": 3842000000 }, { "fiscalYearEnd": "2023-12-31", "operating": 6680000000, "free": 5065000000 }, { "fiscalYearEnd": "2024-12-31", "operating": 1819000000, "free": 638000000 }, { "fiscalYearEnd": "2025-12-31", "operating": 2306000000, "free": 1396000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 5235000000, "shortTerm": 599000000, "longTerm": 111000000, "equityHoldings": 2026000000, "totalAssets": 37733000000, "ladder": { "within1y": 599000000, "y1to5": 111000000, "y5to10": null, "y10plus": null, "noSingleDate": null }, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }