• Q4 GAAP sales of $6.1 billion, up 2.1%; operating margin of 13.0%, down 510 bps; EPS of $1.07, down 20%, all YoY
  • Adjusted sales of $6.0 billion with organic growth of 2.2% YoY
  • Adjusted operating margin of 21.1%, up 140 bps YoY
  • Adjusted EPS of $1.83, up 9% YoY
• Q4 operating cash flow of $1.6 billion with adjusted free cash flow of $1.3 billion
• Full-year GAAP sales of $24.9 billion, up 1.5%; operating margin of 18.6%, down 100 bps; EPS of $6.00, down 17%, all YoY
  • Adjusted sales of $24.3 billion with organic growth of 2.1% YoY
  • Adjusted operating margin of 23.4%, up 200 bps YoY
  • Adjusted EPS of $8.06, up 10% YoY
• Full-year operating cash flow of $2.3 billion with adjusted free cash flow of $4.4 billion

HZ info,ST. PAUL, Minn., Jan. 20, 2026 /PRNewswire/ -- 3M (NYSE: MMM)  reported fourth-quarter and full-year 2025 results.

"2025 was an important year for 3M as we build a strong foundation that is reshaping our operating model and driving sustainable value creation," said William Brown, 3M Chairman and CEO. "I want to thank the team for their dedication to eXcellence, which helped us finish 2025 with growth above macro, strong margin expansion, double-digit earnings growth, and solid cash conversion. Our accelerated pace of innovation and commercial execution positions us to outperform the macro environment again in 2026. Our continued operating rigor supports further margin expansion and earnings growth, putting us on a clear path to meet or exceed the 2027 financial commitments we outlined at our Investor Day last year."

Fourth-quarter highlights:

• GAAP EPS of $1.07 and operating margin of 13.0%.
• Adjusted EPS of $1.83, up 9% year-on-year.
• Adjusted operating income margin of 21.1%, an increase of 140 basis points year-on-year.

• Sales of $6.1 billion, up 2.1% year-on-year with organic sales up 0.6% year-on-year.
• Adjusted sales of $6.0 billion, up 3.7% year-on-year with adjusted organic sales up 2.2% year-on-year.
• 3M returned $0.9 billion to shareholders via dividends and share repurchases.
• Cash from operations of $1.6 billion.
• Adjusted free cash flow of $1.3 billion.

Full-Year highlights:

• GAAP EPS of $6.00 and operating margin of 18.6%.
• Adjusted EPS of $8.06, up 10% year-on-year.
• Adjusted operating income margin of 23.4%, an increase of 200 basis points year-on-year.

• Sales of $24.9 billion, up 1.5% year-on-year with organic sales up 0.9% year-on-year.
• Adjusted sales of $24.3 billion, up 2.7% year-on-year with adjusted organic sales up 2.1% year-on-year.
• 3M returned $4.8 billion to shareholders via dividends and share repurchases.
• Cash from operations of $2.3 billion.
• Adjusted free cash flow of $4.4 billion.

This document includes reference to certain non-GAAP measures. See the "Supplemental Financial Information Non-GAAP Measures" section for applicable information.

Full-year 2026 guidance

3M provided the following full-year 2026 expectations.

•Adjusted total sales growth¹ of ~4 percent, reflecting adjusted organic sales growth¹ of ~3 percent.

•Adjusted operating income margin expansion¹ of 70 bps to 80 bps.

•Adjusted EPS¹ in the range of $8.50 to $8.70.

•Adjusted operating cash flow1 of $5.6 to $5.8 billion, contributing to >100 percent adjusted free cash flow conversion¹.

¹As further discussed at ⁴ within the "Supplemental Financial Information Non-GAAP Measures" sections, 3M cannot, without unreasonable effort, forecast certain items required to develop meaningful comparable GAAP financial measures and, therefore, does not provide them on a forward-looking basis reflecting these items.