S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%
3M

MMM Q2 2025 Earnings

Reported Jul 18, 2025 at 6:33 AM ET · SEC Source

Q2 25 EPS

$2.16

BEAT +7.55%

Est. $2.01

Q2 25 Revenue

$6.34B

BEAT +4.84%

Est. $6.05B

vs S&P Since Q2 25

-21.3%

TRAILING MARKET

MMM -6.5% vs S&P +14.8%

Market Reaction

Did MMM Beat Earnings? Q2 2025 Results

3M delivered a convincingly strong second quarter of 2025, posting adjusted EPS of $2.16 against a consensus estimate of $2.01, a beat of 7.55%, while revenue of $6.34 billion exceeded expectations by 4.84% and grew 1.4% year over year. The company's… Read more 3M delivered a convincingly strong second quarter of 2025, posting adjusted EPS of $2.16 against a consensus estimate of $2.01, a beat of 7.55%, while revenue of $6.34 billion exceeded expectations by 4.84% and grew 1.4% year over year. The company's '3M eXcellence' operating model was the key engine behind the results, driving adjusted operating margins 290 basis points higher to 24.5% and powering organic growth across all three business segments for the third consecutive quarter, with Safety and Industrial leading the way at 2.6% organic growth. Asia Pacific was the geographic bright spot, expanding 3.5% on an adjusted organic basis, with China contributing 5.9% growth. Despite GAAP EPS of $1.34 declining 38% year over year due to $471 million in litigation-related charges, the underlying business showed clear momentum, prompting management to raise full-year adjusted EPS guidance to $7.75 to $8.00, up from $7.60 to $7.90, even as the outlook incorporates the expected drag from tariffs.

Key Takeaways

  • • 3M eXcellence operating model driving operational rigor and margin expansion
  • • All three business groups grew organically for the third consecutive quarter
  • • Adjusted operating margin expanded 290 bps YoY to 24.5%
  • • Safety and Industrial led with 2.6% organic growth
  • • China organic growth of 5.9% on adjusted basis
  • • Adjusted free cash flow conversion of 110%
24/7 Wall St

MMM YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

MMM Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We delivered strong results in the second quarter, posting positive organic sales growth and double-digit EPS growth. This continues our trend from Q1 with all three business groups growing organically for the third quarter in a row. Our 3M eXcellence operating model is the foundation for delivering on each of our strategic priorities, and it drives the operating rigor and rhythm of our performance culture. With execution improving and solid results in the first half, we have confidence in our increased full-year EPS guidance, which now embeds the expected impact of tariffs.”

— William Brown, Q2 2025 Earnings Press Release

Back to MMM Stock Page