3M Company (MMM) Releases Q4 2025 Earnings: Revenue Beats but EPS, Profits and Cash Flow Weaken

3M Company (MMM) reported fourth-quarter 2025 results. Revenue was $6.13 billion, up 2.1% year‑over‑year and slightly above the consensus estimate of $6.07 billion. Diluted earnings per share were $1.07, down 20.2% year‑over‑year and below the estimate of $1.82.

Key income-statement highlights:

Gross profit of $2.06 billion, down 9.2% year‑over‑year.

Operating profit of $796 million, down 26.6% year‑over‑year.

Net income attributable to common shareholders of $577 million, down 20.7% year‑over‑year.

Cost of sales rose to $4.08 billion, up 8.8% year‑over‑year.

Cash-flow and balance-sheet highlights:

Cash from operating activities of $1.58 billion, down 12.9% year‑over‑year.

Capital expenditures (purchases of property, plant and equipment) of $248 million, down 14.8% year‑over‑year.

Cash and cash equivalents of $5.24 billion, down 6.5% year‑over‑year.

Total liabilities of $33.0 billion, down 8.3% year‑over‑year.

Overall, 3M (MMM) delivered modest revenue growth that beat expectations, but profitability and operating cash flow weakened as gross and operating profits contracted while cost of sales increased, putting pressure on margins.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

3M Company Insider Trading Activity

3M Company insiders have traded $MMM stock on the open market 67 times in the past 6 months. Of those trades, 0 have been purchases and 67 have been sales.

Here’s a breakdown of recent trading of $MMM stock by insiders over the last 6 months:

ZOE L DICKSON (EVP & Chief HR Officer) has made 0 purchases and 45 sales selling 27,455 shares for an estimated $4,661,909.
MARK W. MURPHY (EVP & Chief Info Digital Off) has made 0 purchases and 20 sales selling 19,061 shares for an estimated $3,174,589.
CHRISTIAN T JR GORALSKI (Group President) sold 6,165 shares for an estimated $925,860
THERESA E REINSETH (Sr Vice President & CAO) sold 3,477 shares for an estimated $523,740

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

3M Company Hedge Fund Activity

We have seen 800 institutional investors add shares of 3M Company stock to their portfolio, and 931 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 5,826,522 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $904,159,683
JPMORGAN CHASE & CO added 4,173,015 shares (+10.1%) to their portfolio in Q3 2025, for an estimated $647,568,467
FMR LLC removed 2,627,130 shares (-23.3%) from their portfolio in Q3 2025, for an estimated $407,678,033
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 2,322,498 shares (+120.8%) to their portfolio in Q3 2025, for an estimated $360,405,239
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,157,893 shares (+46.6%) to their portfolio in Q3 2025, for an estimated $334,861,835
MORGAN STANLEY removed 2,104,623 shares (-20.6%) from their portfolio in Q3 2025, for an estimated $326,595,397
BANK OF NEW YORK MELLON CORP removed 1,367,482 shares (-25.7%) from their portfolio in Q3 2025, for an estimated $212,205,856

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

3M Company Government Contracts

We have seen $54,633,616 of award payments to $MMM over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

SOLE SOURCE AWARD FOR RENEWAL OF SOLVENTUM HIS CRS+ ENCODER SOFTWARE LICENSES AND SUPPORT SERVICES FOR VA H...: $12,015,798
MANUFACTURE FK-800 COPOLYMER TO MEET THE FK-800 RESIN TO BE CERTIFIED IN MEETING THE PRODUCT SPECIFICATIONS...: $11,813,779
DEVELOP & DEMO ADVANCED FILM TECHNOLOGY: $8,200,000
MAINTENANCE OF THE GROUPERS: $3,152,557
3M SOFTWARE: $1,664,799

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

3M Company Congressional Stock Trading

Members of Congress have traded $MMM stock 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $MMM stock by members of Congress over the last 6 months:

REPRESENTATIVE JULIE JOHNSON has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 12/18, 11/13, 08/14.
REPRESENTATIVE JOSH GOTTHEIMER sold up to $15,000 on 10/20.
REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 07/28.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

3M Company Analyst Ratings

Wall Street analysts have issued reports on $MMM in the last several months. We have seen 4 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 10/22/2025
UBS issued a "Buy" rating on 10/22/2025
RBC Capital issued a "Underperform" rating on 10/22/2025
Wells Fargo issued a "Overweight" rating on 10/22/2025
JP Morgan issued a "Overweight" rating on 10/15/2025

To track analyst ratings and price targets for 3M Company, check out Quiver Quantitative's $MMM forecast page.

3M Company Price Targets

Multiple analysts have issued price targets for $MMM recently. We have seen 8 analysts offer price targets for $MMM in the last 6 months, with a median target of $180.0.

Here are some recent targets:

Stephen Tusa from JP Morgan set a target price of $182.0 on 01/16/2026
Nicole Deblase from Deutsche Bank set a target price of $178.0 on 12/08/2025
Julian Mitchell from Barclays set a target price of $190.0 on 12/04/2025
Deane Dray from RBC Capital set a target price of $130.0 on 10/22/2025
Joe O'Dea from Wells Fargo set a target price of $183.0 on 10/22/2025
Chris Snyder from Morgan Stanley set a target price of $160.0 on 10/22/2025
Amit Mehrotra from UBS set a target price of $190.0 on 10/22/2025