Q4 25 EPS
$1.83
BEAT +2.23%
Est. $1.79
Q4 25 Revenue
$6.13B
BEAT +12.67%
Est. $5.44B
vs S&P Since Q4 25
-13.4%
TRAILING MARKET
MMM -7.1% vs S&P +6.4%
Full Year 2025 Results
FY 25 EPS
$8.06
BEAT +0.46%
Est. $8.02
FY 25 Revenue
$24.95B
BEAT +2.84%
Est. $24.26B
Market Reaction
Did MMM Beat Earnings? Q4 2025 Results
3M closed out fiscal 2025 on a strong note, posting Q4 adjusted EPS of $1.83 against a consensus estimate of $1.79, a 2.23% beat, while revenue of $6.13 billion topped the $5.44 billion estimate by 12.67% and rose 2.0% year-over-year. The standout dr… Read more 3M closed out fiscal 2025 on a strong note, posting Q4 adjusted EPS of $1.83 against a consensus estimate of $1.79, a 2.23% beat, while revenue of $6.13 billion topped the $5.44 billion estimate by 12.67% and rose 2.0% year-over-year. The standout driver was continued margin expansion under CEO William Brown's transformation agenda, with adjusted operating margin climbing 140 basis points to 21.1%, reflecting the kind of operational discipline that has defined 3M's recent repositioning. Safety and Industrial led segment performance with 3.8% organic sales growth, though GAAP results were weighed down by $185 million in PFAS litigation costs and $235 million in PFAS product exit charges, pushing GAAP EPS to $1.07, down 20% year-over-year. With the company completing its exit from manufactured PFAS products by year-end, management is now focused on growth, guiding 2026 adjusted EPS to $8.50 to $8.70 alongside approximately 3% organic sales growth and 70 to 80 basis points of further margin expansion, though a JPMorgan downgrade citing lingering PFAS valuation risks signals that not all investors are fully convinced the worst is behind them.
Key Takeaways
- • Safety and Industrial segment organic sales growth of 3.8% in Q4
- • Adjusted operating margin expansion of 140 bps in Q4 to 21.1%
- • Operating rigor and productivity improvements driving margin expansion
- • Strong adjusted free cash flow conversion of 131% in Q4 and 100% for full year
- • Full-year adjusted EPS growth of 10% YoY
MMM YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
MMM Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was an important year for 3M as we build a strong foundation that is reshaping our operating model and driving sustainable value creation.”
— William Brown, Q4 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% |