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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

  1. 01MMM is a scaled public consolidator in Mega-Cap, a benchmark for how the sub-sector buys, pays, and trades.
  2. 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

20.3xBRK-A: 14.8x EV/EBITDABRK-AMMM: 16.6x EV/EBITDAMMMHON: 23.9x EV/EBITDAHONCAT: 29.5x EV/EBITDACAT12.4x31.9x

Indexed share-price performance

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

-9.3%

MMM

+66%

Peer med.

+79%

SPY

19511229May 21Nov 23May 26MMMpeer medianSPY

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

CompanyTickerRevenue ($MM)EBITDA ($MM)MarginMarket cap ($MM)EV ($MM)EV / revEV / EBITDANet debt / EBITDA
3m CompanyMMM$25,024$5,02220%$74,735$83,5623.3x16.6x1.4x
Honeywell International IncHON$36,763$6,55018%$135,044$156,7074.3x23.9x3.3x
Berkshire Hathaway Inc.BRK-A$375,394$71,09719%$1,025,929$1,113,9223.0x14.8x-0.8x
Caterpillar Inc.CAT$70,755$15,31222%$413,399$452,3936.4x29.5x2.1x
Mega-Cap Diversified Acquirers median$53,759$10,93120%$274,221$304,5503.8x20.3x1.8x

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

10

Named deals

10

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
19 deals$5.0B060708091011121415161719

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

DateTargetSegmentConsideration ($MM)Strategic rationaleSource
Oct 1, 2019Acelity Inc. and its KCI subsidiariesMega-cap diversified acquirers$4,500In 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, 2019Acelity Inc. and its KCI subsidiariesMega-cap diversified acquirers$4,305In 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, 2017Scott SafetyMega-cap diversified acquirers$2,000In 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, 2017Scott SafetyMega-cap diversified acquirers$2,000In 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, 2015Capital Safety Group S.A.R.L.Mega-cap diversified acquirers$1,700In 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, 2019M*ModalMega-cap diversified acquirers$1,000In 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...10-K
Feb 1, 2019M*ModalMega-cap diversified acquirers$1,000In 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, 2008Financiere BurgienneMega-cap diversified acquirers$1,394In 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

0

Named deal filings

5

Recent SEC filings

10

Evidence clips

6

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 dateFormTargets / topicsSupportSource
Feb 9, 202210-KAcelity Inc. and its KCI subsidiaries; M*ModalNamed dealsSEC filing
Feb 6, 202010-KAcelity Inc. and its KCI subsidiaries; Scott Safety; M*ModalNamed dealsSEC filing
Feb 7, 201910-KScott SafetyNamed dealsSEC filing
Feb 8, 201810-KCapital Safety Group S.A.R.L.Named dealsSEC filing
Feb 16, 201010-KFinanciere Burgienne; ABRASIVOS S.A.; Futuro health supports and compression hosiery product line businessNamed dealsSEC filing
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.10 rows+
Filing dateFormItemsDescriptionSupportSource
May 6, 20268-K1.01,2.038-KRecent SECSEC filing
Apr 21, 20268-K2.02,9.018-KRecent SECSEC filing
Apr 21, 202610-QN/A10-QRecent SECSEC filing
Apr 1, 202610-QN/AQuarterly report from SEC company indexRecent SECSEC filing
Mar 27, 2026DEFA14AN/ADEFA14ARecent SECSEC filing
Mar 25, 2026DEFA14AN/ADEFA14ARecent SECSEC filing
Mar 25, 2026DEF 14AN/ADEF 14ARecent SECSEC filing
Feb 5, 20268-K5.028-KRecent SECSEC filing
Feb 3, 202610-KN/A10-KFinancialsRecent SECSEC filing
Feb 1, 202610-KN/AAnnual report from SEC company indexRecent SECSEC 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…

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…

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…

Scott Safety

10-K - Feb 7, 2019

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…

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…

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...

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.

Prepared from SEC EDGAR public filingsMMM · CIK 66740Source-backed coverage research, not investment advice