3m Company

MMMActive

CIK 66740 · Mega-Cap Diversified Acquirers

3m Company is a public company in Conglomerates, tracked in the mega-cap diversified acquirers sub-sector, with $25B TTM revenue and $5.0B TTM EBITDA.

Market data as of May 10, 2026

Financials: LTM / latest available company filings

Sources: FMP, MMM filings, SEC EDGAR

$74,735

Market cap ($MM)

$83,562

Enterprise value ($MM)

$25,024

Revenue · LTM ($MM)

$5,022

EBITDA · LTM ($MM)

20%

EBITDA margin

3.3x

EV / revenue

16.6x

EV / EBITDA

1.4x

Net debt / EBITDA

Coverage

Coverage view

The analytical read on the name and the balance-sheet capacity behind the program.

Key points

01MMM is a scaled public consolidator in Mega-Cap, a benchmark for how the sub-sector buys, pays, and trades.
02The relevant peer set is HON, BRK-A, CAT.

Balance sheet & capacity

Indicative capacity read: 1.4x net debt / EBITDA with EBITDA of $5.0B.

$3,729

Cash & equiv. ($MM)

$10,906

Total debt ($MM)

$7,177

Net debt ($MM)

1.4x

Net debt / EBITDA

Valuation

Where it trades against its peer set

MMM versus the scaled public Mega-Cap Diversified Acquirers comparables.

EV / EBITDA distribution · peer set

MMM 16.6x

Indexed share-price performance

MMM versus available Mega-Cap Diversified Acquirers peers and SPY.

-9.3%

MMM

+66%

Peer med.

+79%

SPY

Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.

Company	Ticker	Revenue ($MM)	EBITDA ($MM)	Margin	Market cap ($MM)	EV ($MM)	EV / rev	EV / EBITDA	Net debt / EBITDA
3m Company	MMM	$25,024	$5,022	20%	$74,735	$83,562	3.3x	16.6x	1.4x
Honeywell International Inc	HON	$36,763	$6,550	18%	$135,044	$156,707	4.3x	23.9x	3.3x
Berkshire Hathaway Inc.	BRK-A	$375,394	$71,097	19%	$1,025,929	$1,113,922	3.0x	14.8x	-0.8x
Caterpillar Inc.	CAT	$70,755	$15,312	22%	$413,399	$452,393	6.4x	29.5x	2.1x
Mega-Cap Diversified Acquirers median		$53,759	$10,931	20%	$274,221	$304,550	3.8x	20.3x	1.8x

Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.

M&A program

A sustained, programmatic tuck-in cadence

MMM's disclosed acquisition footprint and the deals behind it.

Disclosed acquisitions

103

Active years

Named deals

Avg / active year

10.3

Acq. cash outflow ($MM)

N/A

Banker read

01MMM reads as a programmatic acquirer: 103 disclosed acquisitions across 10 active years, or 10.3 per active year. The chart shows activity in 10 of the last 12 visible years.
02In the last three years, the file shows 7 acquisitions versus 4 in the prior three; recent activity is running above the prior three-year period.
03Spend changes the read: $14B of disclosed spend is concentrated in lumpy years, with FY19 the largest year at $5.0B. Recent spend is above the prior three-year period.

Annual acquisitions + disclosed spend

count spend named deal

MMM count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.

Program diagnostics

Recent / prior

7 / 4

Last three years is up 75% vs prior three.

Peak count year

FY06

19 disclosed acquisitions in the peak visible year.

Recent spend

$5.0B

is up 26% vs prior three; peak FY19 at $5.0B.

Named evidence

10 rows

9.7% selected source-cited transaction coverage.

Selected transactions

Date	Target	Segment	Consideration ($MM)	Strategic rationale	Source
Oct 1, 2019	Acelity Inc. and its KCI subsidiaries	Mega-cap diversified acquirers	$4,500	In October 2019, the Company completed the acquisition of all of the ownership interests of Acelity Inc. and its KCI subsidiaries. Acelity is a leading global medical technology...	10-K^†
Oct 1, 2019	Acelity Inc. and its KCI subsidiaries	Mega-cap diversified acquirers	$4,305	In October 2019, 3M completed the acquisition of all of the ownership interests of Acelity Inc. and its KCI subsidiaries for consideration of $4.5 billion net of cash acquired a...	10-K^†
Oct 1, 2017	Scott Safety	Mega-cap diversified acquirers	$2,000	In October 2017, 3M completed the acquisition of the underlying legal entities and associated assets of Scott Safety, which is headquartered in Monroe, North Carolina, from John...	10-K^†
Oct 1, 2017	Scott Safety	Mega-cap diversified acquirers	$2,000	In October 2017, 3M completed the acquisition of the underlying legal entities and associated assets of Scott Safety, which is headquartered in Monroe, North Carolina, from John...	10-K^†
Aug 1, 2015	Capital Safety Group S.A.R.L.	Mega-cap diversified acquirers	$1,700	In August 2015, 3M acquired all of the outstanding shares of Capital Safety Group S.A.R.L., with operating headquarters in Bloomington, Minnesota, from KKR & Co. L.P. for $1.7 b...	10-K^†
Feb 1, 2019	M*Modal	Mega-cap diversified acquirers	$1,000	In February 2019, 3M completed the acquisition of the technology business of MModal for $0.7 billion of cash, net of cash acquired, and assumption of $0.3 billion of MModal’s...	10-K^†
Feb 1, 2019	M*Modal	Mega-cap diversified acquirers	$1,000	In February 2019, 3M completed the acquisition of all of the ownership interests of the technology business of M*Modal for $0.7 billion of cash, net of cash acquired, and assump...	10-K^†
Dec 1, 2008	Financiere Burgienne	Mega-cap diversified acquirers	$1,394	In December 2008, 3M (Display and Graphics Business) purchased 100 percent of the outstanding shares of Financiere Burgienne, a provider of finished license plates under the FAA...	10-K^†

Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 6 cited filings.

Evidence

Source archive

A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.

Annual 10-Ks

Named deal filings

Recent SEC filings

Evidence clips

Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.0 rows+

No filing source clears this category.

Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.5 rows+

Filing date	Form	Targets / topics	Support	Source
Feb 9, 2022	10-K	Acelity Inc. and its KCI subsidiaries; M*Modal	Named deals	SEC filing
Feb 6, 2020	10-K	Acelity Inc. and its KCI subsidiaries; Scott Safety; M*Modal	Named deals	SEC filing
Feb 7, 2019	10-K	Scott Safety	Named deals	SEC filing
Feb 8, 2018	10-K	Capital Safety Group S.A.R.L.	Named deals	SEC filing
Feb 16, 2010	10-K	Financiere Burgienne; ABRASIVOS S.A.; Futuro health supports and compression hosiery product line business	Named deals	SEC filing

Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.10 rows+

Filing date	Form	Items	Description	Support	Source
May 6, 2026	8-K	1.01,2.03	8-K	Recent SEC	SEC filing
Apr 21, 2026	8-K	2.02,9.01	8-K	Recent SEC	SEC filing
Apr 21, 2026	10-Q	N/A	10-Q	Recent SEC	SEC filing
Apr 1, 2026	10-Q	N/A	Quarterly report from SEC company index	Recent SEC	SEC filing
Mar 27, 2026	DEFA14A	N/A	DEFA14A	Recent SEC	SEC filing
Mar 25, 2026	DEFA14A	N/A	DEFA14A	Recent SEC	SEC filing
Mar 25, 2026	DEF 14A	N/A	DEF 14A	Recent SEC	SEC filing
Feb 5, 2026	8-K	5.02	8-K	Recent SEC	SEC filing
Feb 3, 2026	10-K	N/A	10-K	FinancialsRecent SEC	SEC filing
Feb 1, 2026	10-K	N/A	Annual report from SEC company index	Recent SEC	SEC filing

Evidence clipsShort excerpts used on the page; expand only when you want the language.6 rows+

Acelity Inc. and its KCI subsidiaries acquisition

10-K - Feb 9, 2022

Medium

In October 2019, the Company completed the acquisition of all of the ownership interests of Acelity Inc. and its KCI subsidiaries. Acelity is a leading global medical technology company focused on advanced wound care an…

SEC source

Acelity Inc. and its KCI subsidiaries

10-K - Feb 6, 2020

Medium

In October 2019, 3M completed the acquisition of all of the ownership interests of Acelity Inc. and its KCI subsidiaries for consideration of $4.5 billion net of cash acquired as shown in the table below, and assumption…

SEC source

Scott Safety

10-K - Feb 6, 2020

Medium

In October 2017, 3M completed the acquisition of the underlying legal entities and associated assets of Scott Safety, which is headquartered in Monroe, North Carolina, from Johnson Controls for $2.0 billion of cash, net…

SEC source

Scott Safety

10-K - Feb 7, 2019

Medium

SEC source

Capital Safety Group S.A.R.L.

10-K - Feb 8, 2018

Medium

In August 2015, 3M acquired all of the outstanding shares of Capital Safety Group S.A.R.L., with operating headquarters in Bloomington, Minnesota, from KKR & Co. L.P. for $1.7 billion, net of cash acquired. The net asse…

SEC source

M*Modal technology business acquisition

10-K - Feb 9, 2022

Medium

In February 2019, 3M completed the acquisition of the technology business of M*Modal for $0.7 billion of cash, net of cash acquired, and assumption of $0.3 billion of M*Modal’s debt. Based in Pitts...

SEC source

Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.

Search

Coverage view

Where it trades against its peer set

A sustained, programmatic tuck-in cadence

Source archive