PerpEquities

Equity · Industrials

Is 3M (MMM) tradable as a perp? Not yet

3M is a global technology conglomerate with four segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer, selling products like adhesives, personal protective equipment, and household items.

Not yet listed on any perp exchange

No perpetual-futures venue lists MMM yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps
HWMGDPWRVRTNOCLMT

Price chart

Interactive TradingView chart

TradingView symbol NYSE:MMM

Loads TradingView's third-party widget (about 1 MB) on demand.

Auto: underlying reference priceOpen in TradingView

Company data

Company fundamentals

Updated 3h ago
Market cap
$85.6B
Updated 3h ago
Revenue
$25.2B
Trailing 12 months
Revenue growth
+2%
Next fiscal year
Profit margin
+11.9%
P/E
29.3
Peer P/E 30.1
Free cash flow
$4B
Trailing 12 months
More metrics
Net income
$3B
Trailing 12 months
P/S
3.4
Peer P/E
30.1
Similar listed perps
Revenue estimate
$25.4B
Next fiscal year
Earnings
2026-10-20
Revenue est. $6.6B · Updated 3h ago
Dividend
$0.78
2026-08-24

Fundamental detail

Annual + quarterly
Latest revenue$24.9B
Net margin+13.0%
Free cash flow$1.4B
Net debt$7.7B
2020$32.2B
2021$35.4B
2022$34.2B
2023$24.6B
2024$24.6B
2025$24.9B
PeriodRevenueGrowthNet incomeFCF
2020$32.2B0%$5.4B$6.6B
2021$35.4B+10%$5.9B$5.9B
2022$34.2B-3%$5.8B$3.8B
2023$24.6B-28%-$7B$5.1B
2024$24.6B0%$4.2B$638M
2025$24.9B+2%$3.3B$1.4B
PeriodGross marginOperating marginNet marginROEROA
2020+48.5%+21.6%+16.9%+42.3%+11.5%
2021+47.0%+21.3%+16.7%+39.4%+12.6%
2022+43.7%+11.9%+16.9%+39.2%+12.4%
2023+38.9%+16.4%-28.4%-145.5%-13.8%
2024+41.0%+20.1%+17.0%+108.6%+10.5%
2025+39.6%+18.3%+13.0%+69.1%+8.6%
PeriodCashDebtNet debtCurrent ratio
2020$4.6B$19.8B$15.1B1.89
2021$4.6B$18.3B$13.7B1.70
2022$3.7B$16.9B$13.2B1.54
2023$5.7B$16.8B$11B1.07
2024$5.6B$13.7B$8.1B1.41
2025$5.2B$12.9B$7.7B1.71
PeriodMarket capEnterprise valueP/SP/E
2020$84.4B$99.5B2.615.5
2021$86B$99.7B2.414.5
2022$56.7B$69.9B1.79.8
2023$50.6B$61.6B2.1-7.2
2024$71.1B$79.2B2.917.0
2025$85.5B$93.2B3.426.5
Q3 2024$6.3B
Q4 2024$6B
Q1 2025$6B
Q2 2025$6.3B
Q3 2025$6.5B
Q4 2025$6.1B
Q1 2026$6B
Q2 2026$6.5B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$6.3B0%$1.4B-$2B
Q4 2024$6B0%$728M$1.5B
Q1 2025$6B-1%$1.1B-$315M
Q2 2025$6.3B+1%$723M-$1.2B
Q3 2025$6.5B+4%$834M$1.5B
Q4 2025$6.1B+2%$577M$1.3B
Q1 2026$6B+1%$653M$349M
Q2 2026$6.5B+2%$933M$763M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+42.0%+21.2%+21.8%+29.6%+3.4%
Q4 2024+37.8%+18.2%+12.1%+18.9%+1.8%
Q1 2025+40.9%+20.5%+18.7%+25.0%+2.8%
Q2 2025+41.8%+17.4%+11.4%+16.9%+1.9%
Q3 2025+41.8%+24.7%+12.8%+18.0%+2.2%
Q4 2025+33.6%+12.9%+9.4%+12.3%+1.5%
Q1 2026+40.7%+23.2%+10.8%+20.0%+1.8%
Q2 2026+41.3%+15.1%+14.4%+31.6%+2.7%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$6.1B$13.8B$7.8B1.43
Q4 2024$5.6B$13.7B$8.1B1.41
Q1 2025$6.3B$14.1B$7.7B1.66
Q2 2025$3.7B$13.7B$10B1.72
Q3 2025$4.7B$13.5B$8.9B1.84
Q4 2025$5.2B$12.9B$7.7B1.71
Q1 2026$3.7B$12.6B$8.8B1.59
Q2 2026$3B$12.6B$9.6B1.24
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$75.3B$83B12.013.7
Q4 2024$70.2B$78.2B11.724.1
Q1 2025$79.9B$87.6B13.417.9
Q2 2025$82.3B$92.3B13.028.2
Q3 2025$83.5B$92.4B12.824.9
Q4 2025$85.5B$93.2B13.937.1
Q1 2026$76.8B$85.7B12.729.5
Q2 2026$84.9B$94.5B13.122.6

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$6.5BQ2 2026
$1.6B$3.3B$4.9B$6.5BQ3 2023: $6.3BQ4 2023: $6BQ1 2024: $6BQ2 2024: $6.3BQ3 2024: $6.3BQ4 2024: $6BQ1 2025: $6BQ2 2025: $6.3BQ3 2025: $6.5BQ4 2025: $6.1BQ1 2026: $6BQ2 2026: $6.5BQ3 2023Q2 2026
Net income$933MQ2 2026
-$1.2B-$351.5M$510.3M$1.4BQ3 2023: -$2.1BQ4 2023: $945MQ1 2024: $928MQ2 2024: $1.1BQ3 2024: $1.4BQ4 2024: $728MQ1 2025: $1.1BQ2 2025: $723MQ3 2025: $834MQ4 2025: $577MQ1 2026: $653MQ2 2026: $933MQ3 2023Q2 2026
EBITDA$1.1BQ2 2026
-$1.3B-$79M$1.1B$2.3BQ3 2023: -$2.5BQ4 2023: $1.4BQ1 2024: $1.7BQ2 2024: $2BQ3 2024: $2.3BQ4 2024: $1.3BQ1 2025: $1.9BQ2 2025: $1.4BQ3 2025: $1.7BQ4 2025: $1.2BQ1 2026: $1.5BQ2 2026: $1.1BQ3 2023Q2 2026
Free cash flow$763MQ2 2026
-$1.1B-$202.5M$712.8M$1.6BQ3 2023: $1.5BQ4 2023: $1.6BQ1 2024: $392MQ2 2024: $752MQ3 2024: -$2BQ4 2024: $1.5BQ1 2025: -$315MQ2 2025: -$1.2BQ3 2025: $1.5BQ4 2025: $1.3BQ1 2026: $349MQ2 2026: $763MQ3 2023Q2 2026
EPS$1.78Q2 2026
-$2.19-$0.63$0.93$2.48Q3 2023: -$3.74Q4 2023: $1.7Q1 2024: $1.67Q2 2024: $2.06Q3 2024: $2.48Q4 2024: $1.33Q1 2025: $2.04Q2 2025: $1.34Q3 2025: $1.55Q4 2025: $1.07Q1 2026: $1.23Q2 2026: $1.78Q3 2023Q2 2026
Cash / Debt$3BQ2 2026
$5.5B$11.1B$16.6B$22.2BQ3 2023 · Cash: $5.1BQ3 2023 · Debt: $16.8BQ4 2023 · Cash: $5.7BQ4 2023 · Debt: $16.8BQ1 2024 · Cash: $10.9BQ1 2024 · Debt: $22.2BQ2 2024 · Cash: $10.1BQ2 2024 · Debt: $13.7BQ3 2024 · Cash: $6.1BQ3 2024 · Debt: $13.8BQ4 2024 · Cash: $5.6BQ4 2024 · Debt: $13.7BQ1 2025 · Cash: $6.3BQ1 2025 · Debt: $14.1BQ2 2025 · Cash: $3.7BQ2 2025 · Debt: $13.7BQ3 2025 · Cash: $4.7BQ3 2025 · Debt: $13.5BQ4 2025 · Cash: $5.2BQ4 2025 · Debt: $12.9BQ1 2026 · Cash: $3.7BQ1 2026 · Debt: $12.6BQ2 2026 · Cash: $3BQ2 2026 · Debt: $12.6BQ3 2023Q2 2026
CashDebt
Profitability+41.3%Q2 2026
-15.7%+18.3%+52.4%+86.4%Q3 2023 · Gross margin: +40.0%Q4 2023 · Gross margin: +37.0%Q1 2024 · Gross margin: +41.7%Q2 2024 · Gross margin: +42.5%Q3 2024 · Gross margin: +42.0%Q4 2024 · Gross margin: +37.8%Q1 2025 · Gross margin: +40.9%Q2 2025 · Gross margin: +41.8%Q3 2025 · Gross margin: +41.8%Q4 2025 · Gross margin: +33.6%Q1 2026 · Gross margin: +40.7%Q2 2026 · Gross margin: +41.3%Q3 2023 · Operating margin: -49.7%Q4 2023 · Operating margin: +86.4%Q1 2024 · Operating margin: +20.4%Q2 2024 · Operating margin: +20.4%Q3 2024 · Operating margin: +21.2%Q4 2024 · Operating margin: +18.2%Q1 2025 · Operating margin: +20.5%Q2 2025 · Operating margin: +17.4%Q3 2025 · Operating margin: +24.7%Q4 2025 · Operating margin: +12.9%Q1 2026 · Operating margin: +23.2%Q2 2026 · Operating margin: +15.1%Q3 2023 · Net margin: -33.1%Q4 2023 · Net margin: +15.7%Q1 2024 · Net margin: +15.4%Q2 2024 · Net margin: +18.3%Q3 2024 · Net margin: +21.8%Q4 2024 · Net margin: +12.1%Q1 2025 · Net margin: +18.7%Q2 2025 · Net margin: +11.4%Q3 2025 · Net margin: +12.8%Q4 2025 · Net margin: +9.4%Q1 2026 · Net margin: +10.8%Q2 2026 · Net margin: +14.4%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+2.5%Q2 2026
+0.1%+1.3%+2.4%+3.5%Q3 2024: +0.4%Q4 2024: +0.1%Q1 2025: -1.0%Q2 2025: +1.4%Q3 2025: +3.5%Q4 2025: +2.0%Q1 2026: +1.3%Q2 2026: +2.5%Q3 2023Q2 2026
Shares outstanding527.6MQ2 2026
139M278M416.9M555.9MQ3 2023: 554.3MQ4 2023: 555.4MQ1 2024: 555.9MQ2 2024: 554.8MQ3 2024: 552.7MQ4 2024: 546.3MQ1 2025: 547.7MQ2 2025: 544.2MQ3 2025: 542.1MQ4 2025: 539MQ1 2026: 532.8MQ2 2026: 527.6MQ3 2023Q2 2026
Valuation22.6Q2 2026
5.315.926.537.1Q3 2023 · P/E: -5.2Q4 2023 · P/E: 13.4Q1 2024 · P/E: 14.1Q2 2024 · P/E: 12.2Q3 2024 · P/E: 13.7Q4 2024 · P/E: 24.1Q1 2025 · P/E: 17.9Q2 2025 · P/E: 28.2Q3 2025 · P/E: 24.9Q4 2025 · P/E: 37.1Q1 2026 · P/E: 29.5Q2 2026 · P/E: 22.6Q3 2023 · P/S: 6.9Q4 2023 · P/S: 8.4Q1 2024 · P/S: 8.7Q2 2024 · P/S: 8.9Q3 2024 · P/S: 12.0Q4 2024 · P/S: 11.7Q1 2025 · P/S: 13.4Q2 2025 · P/S: 13.0Q3 2025 · P/S: 12.8Q4 2025 · P/S: 13.9Q1 2026 · P/S: 12.7Q2 2026 · P/S: 13.1Q3 2023Q2 2026
P/EP/S
Revenue$24.9B2025
$8.8B$17.7B$26.5B$35.4B2018: $32.8B2019: $32.1B2020: $32.2B2021: $35.4B2022: $34.2B2023: $24.6B2024: $24.6B2025: $24.9B20182025
Net income$3.3B2025
-$3.8B-$537M$2.7B$5.9B2018: $5.3B2019: $4.6B2020: $5.4B2021: $5.9B2022: $5.8B2023: -$7B2024: $4.2B2025: $3.3B20182025
EBITDA$5.9B2025
-$4.3B$335M$5B$9.6B2018: $8.7B2019: $7.7B2020: $9.3B2021: $9.6B2022: $8.7B2023: -$8.9B2024: $7.2B2025: $5.9B20182025
Free cash flow$1.4B2025
$1.7B$3.3B$5B$6.6B2018: $4.9B2019: $5.4B2020: $6.6B2021: $5.9B2022: $3.8B2023: $5.1B2024: $638M2025: $1.4B20182025
EPS$62025
-$6.93-$1.22$4.48$10.22018: $8.892019: $7.812020: $9.362021: $10.12022: $10.22023: -$12.62024: $7.552025: $620182025
Cash / Debt$5.2B2025
$5.3B$10.6B$16B$21.3B2018 · Cash: $2.9B2018 · Debt: $14.7B2019 · Cash: $2.4B2019 · Debt: $21.3B2020 · Cash: $4.6B2020 · Debt: $19.8B2021 · Cash: $4.6B2021 · Debt: $18.3B2022 · Cash: $3.7B2022 · Debt: $16.9B2023 · Cash: $5.7B2023 · Debt: $16.8B2024 · Cash: $5.6B2024 · Debt: $13.7B2025 · Cash: $5.2B2025 · Debt: $12.9B20182025
CashDebt
Profitability+39.6%2025
-9.0%+10.5%+30.0%+49.4%2018 · Gross margin: +49.4%2019 · Gross margin: +47.6%2020 · Gross margin: +48.5%2021 · Gross margin: +47.0%2022 · Gross margin: +43.7%2023 · Gross margin: +38.9%2024 · Gross margin: +41.0%2025 · Gross margin: +39.6%2018 · Operating margin: +23.7%2019 · Operating margin: +21.7%2020 · Operating margin: +21.6%2021 · Operating margin: +21.3%2022 · Operating margin: +11.9%2023 · Operating margin: +16.4%2024 · Operating margin: +20.1%2025 · Operating margin: +18.3%2018 · Net margin: +16.3%2019 · Net margin: +14.2%2020 · Net margin: +16.9%2021 · Net margin: +16.7%2022 · Net margin: +16.9%2023 · Net margin: -28.4%2024 · Net margin: +17.0%2025 · Net margin: +13.0%20182025
Gross marginOperating marginNet margin
Revenue growth+1.5%2025
-18.6%-9.1%+0.4%+9.9%2019: -1.9%2020: +0.1%2021: +9.9%2022: -3.2%2023: -28.1%2024: -0.1%2025: +1.5%20182025
Shares outstanding539M2025
150.5M301M451.5M602M2018: 602M2019: 585.1M2020: 582.2M2021: 585.3M2022: 567.6M2023: 553.9M2024: 552.4M2025: 539M20182025
Valuation26.52025
1.29.618.126.52018 · P/E: 17.52019 · P/E: 18.62020 · P/E: 15.52021 · P/E: 14.52022 · P/E: 9.82023 · P/E: -7.22024 · P/E: 17.02025 · P/E: 26.52018 · P/S: 2.92019 · P/S: 2.62020 · P/S: 2.62021 · P/S: 2.42022 · P/S: 1.72023 · P/S: 2.12024 · P/S: 2.92025 · P/S: 3.420182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.95$25.4B+2%10
FY 20279.85$26.5B+6%10
FY 202810.61$27.5B+10%3
FY 202911.32$28.3B+14%1
FY 203011.90$28.5B+14%1
Q1 20272.26$6.3B+5%3

Company events

6
2026-10-20EarningsActual - / Estimate 2.4-
2026-08-24Dividend$0.78-
2026-07-21EarningsActual 2.4 / Estimate 2.25Beat
2026-05-22Dividend$0.78-
2026-04-21EarningsActual 2.14 / Estimate 1.98Beat
2026-02-13Dividend$0.78-

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
HWM$91.9B10.149.2+20.5%1GD$95.5B1.721.2+8.2%2PWR$95.7B2.972.0+4.1%1VRT$96B8.455.2+15.1%13NOC$74.9B1.716.7+10.5%3LMT$123.2B1.619.6+8.2%6ROK$46.2B5.238.9+13.4%5SUMIELEC$41.3B1.216.2+7.6%2

Analyst track record

How the analysts covering MMM have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings83289
Analysts1521
Buy / hold / sell47 / 22 / 14120 / 124 / 45
Upgrades / downgrades / initiations3 / 2 / 114 / 2 / 2
Price targets hit / missed19 / 60 (24%)185 / 96 (66%)
Avg. return after a rating (TipRanks)-2.7%+23.9%
Best / worst call+37.3% / -24.4%+111.2% / -24.4%

After buy calls on this stock: median 21-day move +2.2% vs S&P 500 -0.2% (n = 119)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Julian MitchellBarclays100% hit rate on this stock · 25 targets measuredBuytarget $185May 29, 2026
  2. Stephen TusaJ.P. Morgan90% hit rate on this stock · 10 targets measuredHoldtarget $182Jan 16, 2026
  3. Andrew ObinBank of America Securities69% hit rate on this stock · 16 targets measuredBuyno targetAug 3, 2026

Latest ratings

DateAnalystCallTarget
Sep 11, 2026Andrew KaplowitzCitiHoldMaintained$183article ↗
Sep 3, 2026Varun GovindarajBernsteinBuyMaintained$145article ↗
Aug 10, 2026Christopher SnyderMorgan StanleyHoldReiterated$189article ↗
Aug 10, 2026Andrew KaplowitzCitiHoldMaintained–article ↗
Aug 3, 2026Andrew ObinBank of America SecuritiesBuyMaintained–article ↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$145$150$155$160$165$170$175$180Oct 25 · Buy 5 · Hold 4 · Sell 1Oct 25Nov 25 · Buy 5 · Hold 4 · Sell 1Dec 25 · Buy 5 · Hold 5 · Sell 1Dec 25Jan 26 · Buy 4 · Hold 5 · Sell 1Feb 26 · Buy 4 · Hold 5 · Sell 1Feb 26Mar 26 · Buy 4 · Hold 5 · Sell 1Apr 26 · Buy 4 · Hold 6 · Sell 1Apr 26May 26 · Buy 4 · Hold 5 · Sell 1Jun 26 · Buy 5 · Hold 5 · Sell 1Jun 26Jul 26 · Buy 7 · Hold 4 · Sell 3Aug 26 · Buy 7 · Hold 4 · Sell 3Aug 26Sep 26 · Buy 8 · Hold 4 · Sell 2Oct 25 · avg. target $168Nov 25 · avg. target $168Dec 25 · avg. target $170Jan 26 · avg. target $175Feb 26 · avg. target $175Mar 26 · avg. target $175Apr 26 · avg. target $174May 26 · avg. target $173Jun 26 · avg. target $177Jul 26 · avg. target $179Aug 26 · avg. target $179Sep 26 · avg. target $179Oct 25 · month-end close $167Nov 25 · month-end close $172Dec 25 · month-end close $160Jan 26 · month-end close $153Feb 26 · month-end close $165Mar 26 · month-end close $145Apr 26 · month-end close $147May 26 · month-end close $153Jun 26 · month-end close $162Jul 26 · month-end close $176Aug 26 · month-end close $172Sep 26 · month-end close $165

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 83 ratings