Buyback yield (TTM)
7.21%
Shareholder yield (TTM)
9.26%
5Y share count change
-7.4%
Buyback spend (TTM)
$5.54B
Cumulative buybacks
$66.98B
Key takeaways
- 3M (MMM) repurchased about $5.54B of stock over the trailing twelve months.
- Diluted share count is down 7.4% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 25.17× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +67.2% per year over the latest 5-year window.
- TTM repurchases used about 1149% of free cash flow remaining after dividends.
Dividend & buyback yield over time for 3M (MMM)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for 3M (MMM)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for 3M (MMM)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for 3M (MMM)
Latest: $4.81B
Overview
As of the 2025 fiscal year, 3M (MMM) reported buyback spend of $4.81B – surged 167.2% year-over-year.
Across 2020–2025 (5 years), 3M buyback spend produced a CAGR of +67.2% – sustaining 2 straight years of year-over-year growth.
3M buyback spend declined from $5.65B in 2014 to $4.81B in 2025, a 14.8% drawdown.
The highest annual buyback spend of $5.65B was reported in 2014. The lowest in the available history was $17.00M in 2009.
3M Buyback Spend 2025: $4.81B
In 2025, 3M reported buyback spend of $4.81B, surged 167.2% from 2024.
3M Buyback Spend 2024: $1.80B
3M buyback spend in 2024 was $1.80B, surged 5357.6% from 2023.
3M Buyback Spend 2023: $33.00M
2023's buyback spend for 3M came in at $33.00M, plunged 97.7% below 2022.
3M Buyback Spend 2022: $1.46B
3M posted buyback spend of $1.46B in 2022, plunged 33.4% below 2021.
3M Buyback Spend 2021: $2.20B
3M buyback spend in 2021 was $2.20B.
See more financial history for 3M (MMM).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $4.81B | $225.00M | $4.59B | 5.63% | 0.54B | -2.4% | |
| 2024 | $1.80B | $289.00M | $1.51B | 2.57% | 0.55B | -0.3% | |
| 2023 | $33.00M | $274.00M | −$241.00M | 0.07% | 0.55B | -2.4% | |
| 2022 | $1.46B | $263.00M | $1.20B | 2.65% | 0.57B | -3.0% | |
| 2021 | $2.20B | $274.00M | $1.93B | 2.58% | 0.59B | +0.5% | |
| 2020 | $368.00M | $262.00M | $106.00M | 0.44% | 0.58B | -0.5% | |
| 2019 | $1.41B | $278.00M | $1.13B | 1.66% | 0.59B | -2.8% | |
| 2018 | $4.87B | $302.00M | $4.57B | 5.26% | 0.60B | -1.7% | |
| 2017 | $2.07B | $324.00M | $1.74B | 1.76% | 0.61B | -1.0% | |
| 2016 | $3.75B | $298.00M | $3.46B | 4.19% | 0.62B | -2.9% | |
| 2015 | $5.24B | $276.00M | $4.96B | 6.77% | 0.64B | -3.7% | |
| 2014 | $5.65B | $280.00M | $5.37B | 6.45% | 0.66B | -4.6% | |
| 2013 | $5.21B | $240.00M | $4.97B | 6.65% | 0.69B | -1.4% | |
| 2012 | $2.20B | $223.00M | $1.98B | 4.11% | 0.70B | -2.2% | |
| 2011 | $2.70B | $253.00M | $2.45B | 5.67% | 0.72B | -0.9% | |
| 2010 | $854.00M | $274.00M | $580.00M | 1.66% | 0.73B | +2.7% | |
| 2009 | $17.00M | $217.00M | −$200.00M | 0.03% | 0.71B | -0.1% | |
| 2008 | $1.63B | $202.00M | $1.43B | 4.89% | 0.71B | -3.4% | |
| 2007 | $3.24B | $228.00M | $3.01B | 6.50% | 0.73B | -3.8% | |
| 2006 | $2.35B | $200.00M | $2.15B | 4.95% | 0.76B | -2.0% | |
| 2005 | $2.38B | $0.00 | $2.38B | 4.86% | 0.78B | -2.5% | |
| 2004 | $1.79B | $0.00 | $1.79B | 3.38% | 0.80B | +0.2% | |
| 2003 | $685.00M | $0.00 | $685.00M | 1.23% | 0.80B | +0.5% | |
| 2002 | $942.00M | $0.00 | $942.00M | 2.34% | 0.79B | -1.1% | |
| 2001 | $1.32B | $0.00 | $1.32B | 3.43% | 0.80B | +0.0% | |
| 2000 | $814.00M | $0.00 | $814.00M | — | 0.80B | -1.6% | |
| 1999 | $825.00M | $0.00 | $825.00M | — | 0.81B | -0.4% | |
| 1998 | $618.00M | $0.00 | $618.00M | — | 0.82B | -2.7% | |
| 1997 | $1.69B | $0.00 | $1.69B | — | 0.84B | -1.7% | |
| 1996 | $532.00M | $0.00 | $532.00M | — | 0.85B | — | |
| 1995 | $351.00M | $0.00 | $351.00M | — | — | — | |
| 1994 | $689.00M | $0.00 | $689.00M | — | — | — | |
| 1993 | $706.00M | $0.00 | $706.00M | — | — | — | |
| 1992 | $247.00M | $0.00 | $247.00M | — | — | — | |
| 1991 | $240.00M | $0.00 | $240.00M | — | — | — | |
| 1990 | $420.00M | $0.00 | $420.00M | — | — | — | |
| 1989 | $852.00M | $0.00 | $852.00M | — | — | — |
- 2025$4.81B
- 2024$1.80B
- 2023$33.00M
- 2022$1.46B
- 2021$2.20B
- 2020$368.00M
- 2019$1.41B
- 2018$4.87B
- 2017$2.07B
- 2016$3.75B
- 2015$5.24B
- 2014$5.65B
- 2013$5.21B
- 2012$2.20B
- 2011$2.70B
- 2010$854.00M
- 2009$17.00M
- 2008$1.63B
- 2007$3.24B
- 2006$2.35B
- 2005$2.38B
- 2004$1.79B
- 2003$685.00M
- 2002$942.00M
- 2001$1.32B
- 2000$814.00M
- 1999$825.00M
- 1998$618.00M
- 1997$1.69B
- 1996$532.00M
- 1995$351.00M
- 1994$689.00M
- 1993$706.00M
- 1992$247.00M
- 1991$240.00M
- 1990$420.00M
- 1989$852.00M
Buybacks vs stock-based compensation for 3M (MMM)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 25.17×.
Buybacks vs dividends (share of cash returned) for 3M (MMM)
How 3M splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as 3M, ranked by their latest buyback spend.
| $7.55B | |
| $5.19B | |
| $2.68B | |
| $1.86B | |
| $1.14B | |
| $1.13B | |
| $50.00M | |
| $0.00 |
- $7.55B
- $5.19B
- $2.68B
- $1.86B
- $1.14B
- $1.13B
- $50.00M
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $482.00M (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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