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Screener / SEC EDGAR /CIK 0000066740 /10-K filed Feb 3, 2026, compared with Feb 5, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
LHXUNPJCIWMMMMTT
NYSE Industrials · Medical Instruments

3M MMM

MMM quote by TradingView

3M Company was incorporated in 1929 under the laws of the State of Delaware to continue operations begun in 1902. 10-K, Item 1

Employees
60,500
Headquarters
St Paul, MN
CEO
William M. Brown
Next results
around Jan 19, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $24.9B through the costs to a net profit of $3.2B · income statement of the 10-K

19% operating margin
Revenue to Gross profit: $10.0BRevenue to Cost of revenue: $15.0BGross profit to Operating profit: $4.6BGross profit to Operating expenses: $5.3BOperating profit to Net profit: $3.2BOperating profit to Tax & other: $1.4B Revenue: $24.9B REVENUE $24.9B +2% Y/Y Gross profit: $10.0B · 40% margin GROSS PROFIT $10.0B 40% margin Cost of revenue: $15.0B · 60% of revenue COST OF REVENUE $15.0B 60% of revenue Operating profit: $4.6B · 19% margin OPERATING PROFIT $4.6B 19% margin · −4% Y/Y Operating expenses: $5.3B · 21% of revenue OPERATING EXPENSES $5.3B 21% of revenue Net profit: $3.2B · 13% margin NET PROFIT $3.2B 13% margin · −22% Y/Y Tax & other: $1.4B · 6% of revenue TAX & OTHER $1.4B 6% of revenue
Gross profit $10.0B 40% margin
Operating profit $4.6B 19% margin · −4% Y/Y
Net profit $3.2B 13% margin · −22% Y/Y
The full income statement, year by year

MMM among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 1.5%, above 27% of 81 peers (their median 4.9%) REVENUE GROWTH 1.5% · above 27% Gross margin: 39.5%, above 57% of 51 peers (their median 38.1%) GROSS MARGIN 39.5% · above 57% Operating margin: 18.8%, above 59% of 71 peers (their median 17.5%) OPERATING MARGIN 18.8% · above 59% Net margin: 14.0%, above 62% of 81 peers (their median 13.0%) NET MARGIN 14.0% · above 62% FCF margin: 10.6%, above 36% of 78 peers (their median 13.3%) FCF MARGIN 10.6% · above 36% Return on capital: 16.4%, above 66% of 65 peers (their median 13.8%) RETURN ON CAPITAL 16.4% · above 66%
MMM Peer median Below the median

What changed

2 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 3, 2026 against Feb 5, 2025.

Risk factors
2 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Cash from operations lower than net income
Cash from operations $2.3B vs net income $3.2B (FY ending Dec 31, 2025)
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
4 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Cash from operations lower than net income
    Cash from operations $2.3B vs net income $3.2B (FY ending Dec 31, 2025)
  • Receivables +10.6% vs revenue +1.5% (+9.1 pts)
9 more checks with nothing to note
  • Inventory -1.0% vs revenue +1.5% (-2.5 pts)
  • Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No longer listed: Tax-Free Determination of the Health Care Spin-Off and Certain Internal Business Separation Transactions. Same as last year: PFAS-Related Legal Proceedings
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

2 paragraphs in Risk Factors that were not in the 10-K filed Feb 5, 2025. Quoted as filed.

All 2 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 5, 2025 10-K, ITEM 1A
    The Company is also subject to certain risks as a direct and indirect supplier to the U.S. government and other governments, such as those associated with compliance with procurement regulations, as well as the government’s rights to audit and conduct investigations and to terminate contracts. There is also uncertainty as to the extent…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 5, 2025 10-K, ITEM 1A
    Artificial intelligence (AI) technologies support a range of the Company’s activities, including research and development, operational processes, customer facing tools, and other business functions. The use of AI introduces risks that could adversely affect the Company’s business, results of operations, or financial condition. AI…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$26.2B$24.6B$24.6B$24.9B
Net income$5.8B−$7.0B$4.2B$3.2B
Operating cash flow$5.6B$6.7B$1.8B$2.3B
Free cash flow$3.8B$5.1B$638.0M$1.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$24.9B ▲ 1.5% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

4 filings in the last 30 days · SEC EDGAR

All filings

About the company

3M, St Paul, MN · from the 10-K filed Feb 3, 2026

3M Company was incorporated in 1929 under the laws of the State of Delaware to continue operations begun in 1902. The Company’s ticker symbol is MMM. As used herein, the term “3M” or “Company” includes 3M Company and its subsidiaries unless the context indicates otherwise. In this document, for any references to Note 1 through Note 20, refer to the Notes to Consolidated Financial Statements in Item 8. Available Information: The Securities and Exchange Commission (SEC) maintains a website that contains reports, proxy and information statements, and other information regarding issuers, including the Company, that file electronically with the SEC.

Headquarters
St Paul, MN
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 20, 2026
Incorporated in
DE

Employees, at the top of the page: "Human Capital: On December 31, 2025, the Company employed approximately 60,500 people (full-time equivalents), with approximately 22,500 employed in the United States and 38,000 employed internationally" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 3, 2026 (open at SEC), compared with the 10-K filed Feb 5, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/MMM/export.csv") into a cell.