3M reported mixed Q4 FY2025 results with GAAP sales growth but declining GAAP EPS, while adjusted metrics showed improvement. The company is focused on building a strong foundation for sustainable value creation and expects to outperform the macro environment in 2026.
Adjusted EPS of $1.83, up 9% year-on-year for Q4.
positiveAdjusted operating income margin of 21.1%, an increase of 140 basis points year-on-year for Q4.
positiveFull-year adjusted EPS of $8.06, up 10% year-on-year.
positiveFull-year adjusted operating income margin of 23.4%, an increase of 200 basis points year-on-year.
positiveFull-year 2026 guidance includes adjusted total sales growth of ~4% and adjusted EPS in the range of $8.50 to $8.70.
positiveQ4 GAAP EPS of $1.07, down 20% year-on-year.
negativeQ4 GAAP operating margin of 13.0%, down 510 basis points year-on-year.
negativeFull-year GAAP EPS of $6.00, down 17% year-on-year.
negativeFull-year GAAP operating margin of 18.6%, down 100 basis points year-on-year.
negativeQ4 organic sales growth was only 0.6% year-on-year, with declines in Consumer and Transportation and Electronics segments.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Safety and Industrial | $2865000.0B | $2703000.0B | +6.0% | 47.4% |
Transportation and Electronics | $1961000.0B | $1994000.0B | -1.7% | 32.5% |
Consumer | $1214000.0B | $1229000.0B | -1.2% | 20.1% |
| Total Revenue | $6040000.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
2025 was an important year for 3M as we build a strong foundation that is reshaping our operating model and driving sustainable value creation.
Finished 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.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.