Q1 25 EPS
$1.88
BEAT +6.42%
Est. $1.77
Q1 25 Revenue
$5.95B
BEAT +3.92%
Est. $5.73B
vs S&P Since Q1 25
-29.5%
TRAILING MARKET
MMM +7.2% vs S&P +36.7%
Market Reaction
Did MMM Beat Earnings? Q1 2025 Results
3M opened 2025 with a quarter that exceeded Wall Street's expectations on both the top and bottom lines, as the industrial conglomerate posted adjusted earnings per share of $1.88, beating the consensus estimate of $1.77 by 6.42%, while revenue of $5… Read more 3M opened 2025 with a quarter that exceeded Wall Street's expectations on both the top and bottom lines, as the industrial conglomerate posted adjusted earnings per share of $1.88, beating the consensus estimate of $1.77 by 6.42%, while revenue of $5.95 billion came in 3.92% above forecasts. The stronger-than-expected profitability was driven primarily by a 220 basis point expansion in adjusted operating margins to 23.5%, reflecting CEO William Brown's ongoing push to instill a leaner performance culture across the organization. GAAP revenue slipped 1.0% year over year, pressured by a 1.7% foreign currency headwind and the deliberate wind-down of PFAS product sales, though adjusted organic growth told a more constructive story. Safety and Industrial was the standout segment, delivering 2.5% organic growth, while China posted adjusted organic growth of 5.2%. Looking ahead, 3M maintained its full-year adjusted EPS guidance of $7.60 to $7.90 but flagged a tariff sensitivity of $0.20 to $0.40 per share, reflecting uncertainty tied to the evolving U.S.-China trade environment.
Key Takeaways
- • Adjusted operating margin expansion of 220 basis points year-over-year to 23.5%
- • Adjusted organic sales growth of 1.5% driven by Safety and Industrial segment
- • Safety and Industrial organic growth of 2.5%, led by Electrical Markets and Industrial Adhesives and Tapes
- • Adjusted Asia Pacific organic sales growth of 3.1%, with China at 5.2%
- • $343 million gain from increase in Solventum ownership value boosted GAAP EPS
- • $1.7 billion returned to shareholders through dividends and share repurchases
MMM YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
MMM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had strong results in the first quarter with positive organic sales growth, margins ahead of expectations and double-digit EPS growth.”
— William Brown, Q1 2025 Earnings Press Release
MMM Earnings Trends
MMM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MMM EPS Trend
Earnings per share: estimate vs actual
MMM Revenue Trend
Quarterly revenue: estimate vs actual
MMM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $2.14 | — | $6.03B | — |
| Q4 25 BEAT FY | $1.79 | $1.83 | +2.23% | $6.13B | +12.67% |
| FY Full Year | $8.02 | $8.06 | +0.46% | $24.95B | +2.84% |
| Q3 25 BEAT | $2.07 | $2.19 | +5.62% | $6.52B | +4.24% |
| Q2 25 BEAT | $2.01 | $2.16 | +7.55% | $6.34B | +4.84% |
| Q1 25 BEAT | $1.77 | $1.88 | +6.42% | $5.95B | +3.92% |