MMM
3MNYSEIndustrialsConglomeratesSnapshot 2026-05-08
As of May 8, 2026, MMM has a composite score of 25.0 and a signal label of "mild favorable." This score is influenced by a high confidence level of 80.1 and is driven by macroeconomic factors, including growth, labor, rates, and inflation. The sector score is relatively low at 16.7, indicating potential challenges in that area. The analysis is provisional, reflecting the current state of guidance and sector trends.
Price
Daily closes from AlphaVantage. Earnings/event dots are placed inline.
Factor signals
Read top-to-bottom: thesis (is this a strong company over a 1–3 year hold), watch flags (has something changed worth re-reading), and position context (how violent might the path be). Each pill is a parallel diagnostic — never aggregated into a single score.
Thesis
— is this a strong company over a 1–3 year hold?Why this rank
- Direction share1.00
- Slope (norm)0.03
- Bonus0.00
Why this rank
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
Why this rank
Watch
— has something changed worth re-reading?Why this setup
EPS estimate $2.25 → $2.23 (-1.2% / 30d). 1 raised, 9 cut, 13 covering analysts.
0 upgrades, 0 downgrades / 30d, 3 maintained. 50% of analysts rate Buy.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
Divergence — fundamentals are strong but estimates are being cut. Worth reading the recent material events.
F4 · Management deep-dive — recent events, stated priorities, guidance track record
Recent 8-K events
5 material events in the last 24 months — top 5 listed below.
Stated priorities
3 priorityies extracted from earnings transcripts (as of 2026-05-08).
- 1.Achieve EPS guidancegrowthmixed65% progress
4/21: “3M reiterated full-year 2026 expectations with adjusted EPS in the range of $8.50 to $8.70.”
Why this status
Stated in 3 of last 3 quarters. Adjusted EPS reached $2.14 in 2026-Q1, up 14% YoY, indicating progress towards the full-year guidance of $8.50 to $8.70. The trajectory shows delivering on EPS growth.
- 2.Expand operating margincostmixed65% progress
4/21: “3M reiterated full-year 2026 expectations for adjusted operating income margin expansion of 70 bps to 80 bps.”
Why this status
Stated in 2 of last 2 quarters. Adjusted operating income margin increased to 23.8% in 2026-Q1, up 30 bps YoY, showing progress towards the 70-80 bps expansion target for 2026. The trajectory is delivering on margin expansion.
- 3.Increase cash flowcapital allocationmixed64% progress
4/21: “3M reiterated full-year 2026 expectations for adjusted operating cash flow of $5.6 to $5.8 billion.”
Why this status
Stated in 2 of last 2 quarters. Operating cash flow was $0.6 billion in 2026-Q1, contributing to the full-year target of $5.6 to $5.8 billion. The trajectory shows limited progress towards the annual cash flow goal.
Guidance track record
Insufficient guidance history for this ticker.
Position context
— how violent might the path be while I hold it?Why this risk level
Recent vol — 30d annualized 24%; 252d 26%.
Drawdown — Max 1y −19%. Bad day move −3%.
Beta to sector ETF (XLI) — 1.01 over 1y.
Liquidity — score 100/100.
Sub-scores — vol 56/100, drawdown 63/100, beta 99/100, earnings vol —.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive — historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only — describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-05-08.
What changed
The most important moves since the prior daily snapshot.
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-05-08
Management scorecard
How management runs the business — capital, margins, balance sheet, and how reliably they guide and deliver.
What management is focused on
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
- #1
Achieve EPS guidance
GrowthNew since 2026-05-043M aims to achieve its adjusted EPS guidance of $8.50 to $8.70 for 2026.
On track →MixedStated in 3 of last 3 quarters. Adjusted EPS reached $2.14 in 2026-Q1, up 14% YoY, indicating progress towards the full-year guidance of $8.50 to $8.70. The trajectory shows delivering on EPS growth.
Adjusted EPS of $2.14, up 14% YoY65%CEO/CFO:“3M reiterated full-year 2026 expectations with adjusted EPS in the range of $8.50 to $8.70.”Press releaseSource dated 2026-04-21Stated 3 of last 8 quartersFirst seen 2026-05-04Show history (3)
- 2026-Q1Press release
“Adjusted EPS of $2.14, up 14% YoY.”
- 2025-Q4Multiple sources
“Adjusted EPS guidance increased from $7.75 - $8.00 to $7.95 - $8.05.”
- 2025-Q3Multiple sources
“2025 adjusted EPS guidance increased from $7.75 - $8.00 to $7.95 - $8.05.”
- #2
Expand operating margin
CostNew since 2026-05-043M is focused on expanding its adjusted operating income margin by 70 to 80 basis points in 2026.
On track →MixedStated in 2 of last 2 quarters. Adjusted operating income margin increased to 23.8% in 2026-Q1, up 30 bps YoY, showing progress towards the 70-80 bps expansion target for 2026. The trajectory is delivering on margin expansion.
65%CEO/CFO:“3M reiterated full-year 2026 expectations for adjusted operating income margin expansion of 70 bps to 80 bps.”Press releaseSource dated 2026-04-21Stated 2 of last 8 quartersFirst seen 2026-05-04Show history (2)
- 2026-Q1Press release
“Adjusted operating income margin of 23.8%, an increase of 30 basis points YoY.”
- 2025-Q4Multiple sources
“Adjusted operating income margin expansion of 70 bps to 80 bps.”
- #3
Increase cash flow
Capital allocationNew since 2026-05-043M aims to achieve adjusted operating cash flow of $5.6 to $5.8 billion in 2026.
On track →MixedStated in 2 of last 2 quarters. Operating cash flow was $0.6 billion in 2026-Q1, contributing to the full-year target of $5.6 to $5.8 billion. The trajectory shows limited progress towards the annual cash flow goal.
Operating cash flow of $0.6 billion in 2026-Q164%CEO/CFO:“3M reiterated full-year 2026 expectations for adjusted operating cash flow of $5.6 to $5.8 billion.”Press releaseSource dated 2026-04-21Stated 2 of last 8 quartersFirst seen 2026-05-04Show history (2)
- 2026-Q1Press release
“Operating cash flow of $0.6 billion with adjusted free cash flow of $0.5 billion.”
- 2025-Q4Multiple sources
“Adjusted operating cash flow of $5.6 to $5.8 billion.”
How this stock is priced
Two ways to read price: against peers in the same business, and against the company's own history.
Looks cheaper than most peers in the same business.
Around its own typical valuation.
P/E over the last 5 years
59 monthly pointsHow this compares
A side-by-side read on composite, valuation, and risk versus peers.
| Stock | Composite | Valuation | Risk |
|---|---|---|---|
MMM 3M | +25 | fair | moderate |
CAT Caterpillar Inc. | +13 | expensive | moderate |
GE GE Aerospace | +11 | expensive | moderate |
GEV GE Vernova | +10 | full | moderate |
RTX RTX Corporation | +20 | fair | moderate |
Risk — how this stock moves
What a normal day looks like, what a bad day looks like, and the worst the last year has thrown at it.
What could change this view
Conditional scenarios — if X happens, the score would shift by about Y points. These are not predictions.
- If industrials sector trend rises from +0.05 into 'improving' (>= +0.20)+5.0 pts
- If next-quarter guidance is raised (currently REAFFIRMED as of 2026-04-21)+4.0 pts
- If next-quarter guidance is cut (currently REAFFIRMED as of 2026-04-21)-8.0 pts
- If industrials sector trend falls from +0.05 into 'weakening' (<= -0.20)-5.0 pts
- If growth state reverses from +0.25 (positive) to -0.25 (negative)-4.0 pts
Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-05-062d agoItem 1.01
Entry Into a Material Definitive Agreement On April 30, 2026 (the “Effective Date”), 3M Company (the “Company”) and its indirect subsidiary Fire Safety Platform Holdco, Inc. (the “Borrower”) entered into a credit agreement (the “Credit Agreement”) with Morgan Stanley Senior Funding, Inc. as administrative agent, sole lead arranger and sole bookrunner, Citibank, N.A. and U.S. Bank National Association as co-syndication agents, and certain financial institutions as lenders. Pursuant to the term…
capital allocationneutralscore 62 - 2026-05-062d agoItem 2.03
Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant The information described above under “
capital allocationnegativescore 49 - 2026-04-2117d agoItem 2.02
hereof) . 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 3M COMPANY By: /s/ Kevin H. Rhodes Kevin H. Rhodes, Executive Vice President, Chief Legal Affairs Officer and Secretary Dated: April 21, 2026
earnings preannouncementneutralscore 44 - 2026-02-053mo agoItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 3, 2026, the 3M Board of Directors elected Neil G. Mitchill, Jr. to 3M’s Board of Directors, effective February 6, 2026. Mr. Mitchill is the Executive Vice President and Chief Financial Officer of RTX Corporation. The Board has determined that Mr. Mitchill is an independent director under the New York Stock Exchange listing standards an…
executive changeneutralscore 9 - 2026-01-203mo agoItem 2.02
hereof) . 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. 3M COMPANY By: /s/ Kevin H. Rhodes Kevin H. Rhodes, Executive Vice President, Chief Legal Affairs Officer and Secretary Dated: January 20, 2026
earnings preannouncementneutralscore 5
Score history
The composite score, snapshot by snapshot. The dotted line at zero separates leaning-positive from leaning-negative.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.