Q3 25 EPS
$2.19
BEAT +5.62%
Est. $2.07
Q3 25 Revenue
$6.52B
BEAT +4.24%
Est. $6.25B
vs S&P Since Q3 25
-18.3%
TRAILING MARKET
MMM -11.0% vs S&P +7.4%
Market Reaction
Did MMM Beat Earnings? Q3 2025 Results
3M delivered a convincing third quarter of 2025, posting adjusted EPS of $2.19 against a consensus estimate of $2.07, a 5.62% beat, while revenue of $6.52 billion topped expectations by 4.24% and grew 3.5% year-over-year. The standout driver behind t… Read more 3M delivered a convincing third quarter of 2025, posting adjusted EPS of $2.19 against a consensus estimate of $2.07, a 5.62% beat, while revenue of $6.52 billion topped expectations by 4.24% and grew 3.5% year-over-year. The standout driver behind the quarter was the Safety and Industrial segment, which powered 4.1% organic sales growth and an adjusted operating margin of 26.3%, helping lift companywide adjusted operating margin by 170 basis points to 24.7%. Geographically, China led all markets with 9.4% organic growth, while the U.S. Contributed a solid 3.6%. Cash generation was equally impressive, with adjusted free cash flow conversion reaching 111% for the quarter. The strong performance prompted management to raise full-year 2025 adjusted EPS guidance to $7.95 to $8.05, up from the prior range of $7.75 to $8.00, with adjusted organic sales growth now expected above 2% and operating margin expansion of 180 to 200 basis points, reinforcing confidence in the company's ongoing operational turnaround.
Key Takeaways
- • 3M excellence model driving accelerated organic sales growth
- • Adjusted operating margin expanded 170 bps YoY to 24.7%
- • Safety and Industrial segment led with 4.1% organic sales growth
- • China organic sales grew 9.4% (8.1% adjusted)
- • U.S. organic sales grew 3.6%
- • Robust adjusted free cash flow of $1.3 billion with 111% conversion
MMM YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
MMM Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am very pleased with our teams' focus on reinvigorating organic top-line growth and improving operational performance resulting in another strong quarter.”
— William Brown, Q3 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% |