Feed / MMM

3M Company

MMM

Industrials · 162.86 -0.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

3M Company's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Company-0.9% todayVolume comparison unavailable
Market group0 of 2 activeMixed Consumer Industrials · unavailable
Disclosed network0 of 2 confirmingNo filing-linked name is confirming now
What would change this read
  • MMM's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if MMM's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Conglomerates

No new filing conclusion is available. 0 of 2 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • MMM's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements171
Verified relationships5
Evidence supporting the case
  • Demand and volume has repeated favorable evidence across 3 filings.
  • Product pipeline and R&D has repeated favorable evidence across 3 filings.
  • Restructuring and cost reductions has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Operating margin changed -1.1 percentage points in the latest annual period.
  • Net margin changed -4.0 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

162.86
6m+5.0%12m+6.4%24m+24.0%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$35.4B+9.9%$10.12+0.5%
2022-12-31$26.2B-26.0%$10.18-3.0%
2023-12-31$24.6B-5.9%$-12.63-2.4%
2024-12-31$24.6B-0.1%$7.55-0.3%
2025-12-31$24.9B+1.5%$6.00-2.0%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
Interest expense (net of interest income): decreased YoY driven by a reduction in interest expense on debt and reduced imputed interest associated with obligations resulting from the PWS Settlement and the CAE Settlement (discussed in Note 15).
10-Q · Jul 21, 2026
Legal and regulatory exposuremixed · 5 filings
The primary factors that decreased the Company's effective tax rate YoY for the six months ended June 30, 2026 were the increased tax benefits from stock-based compensation and the tax impacts of net costs of significant litigation, partially offset by the lo…
10-Q · Jul 21, 2026
Tariffs and trade policymixed · 5 filings
Business segment operating income margins decreased YoY reflecting tariffs, continued growth investments, and cost dis-synergies following the exit of PFAS manufacturing, partially offset by benefits from productivity.
10-Q · Jul 21, 2026
Demand and volumepositive · 3 filings
Organic sales increased in electrical markets, industrial adhesives and tapes, personal safety, abrasives and industrial specialties, driven by demand in key underlying markets and commercial excellence; challenges in roofing granules and automotive aftermark…
10-K · Feb 3, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

162.86-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for MMM. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for MMM. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind MMM

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

SOLVSolventum CorporationinvesteeFeb 3, 2026

The Company retained an equity interest in Solventum in connection with the spin-off.

MSEXMiddlesex Water CompanycustomerFeb 3, 2026

In May 2022, Middlesex Water Company filed a third-party complaint against the Company in New Jersey state court in a putative class action brought by customers of the water company, seeking contribution and indemnity from the Company.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

MMM is currently a Leader in the organic co-movement group Mixed Consumer Industrials. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.