Industrial Conglomerates
Price
$168.56
+0.15%Market Cap
$86.8B
Day High
$169.59
Day Low
$167.55
MMM delivered 2.5% revenue growth to $6.5B and 29.0% growth in net income to $933M in Q2 FY2026, but GAAP operating margin fell to 15.1% amid higher cost of sales and divestiture-related losses. Source: 10-Q Item 2 MD&A, pp.43-48.
Key risk: High leverage relative to equity
Long-term debt was $10.904B while stockholders' equity was $2.952B, producing debt-to-equity of 10.8x. This capital structure can make the company more sensitive to borrowing costs, refinancing needs, or declines in earnings and equity; this is an inference from the reported balance-sheet data rather than a stated Item 1A risk.
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