3M vs Deere & Company: Business Model & Financial Comparison 2026
3M · Industrials / Conglomerates·Deere & Company · Industrials / Farm & Heavy Construction Machinery
Financial Comparison
| Metric | MMM3M | DEDeere & Company |
|---|---|---|
| Market Cap | $79.51B | $155.99B |
| Revenue (TTM) | $24.95B | $46.73B |
| Revenue Growth | 2.0% | 13.0% |
| Gross Margin | 39.9% | 26.2% |
| Operating Margin | 12.4% | 9.3% |
| Net Margin | 13.0% | 10.3% |
| Return on Equity | 75.5% | 19.6% |
| P/E (Trailing) | 25.2x | 32.6x |
| P/E (Forward) | 16.1x | 25.0x |
| Free Cash Flow | $1.26B | $4.20B |
| Cash | $7.93B | $5.26B |
| Total Debt | $13.13B | $63.16B |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
3M
3M Company stands as a leading company in Industrials. Generating $24.95 billion in annual revenue (growing 2.0% year-over-year) and carrying a market capitalization of $82.28 billion, the company has cemented its position as a foundational player in the global Conglomerates landscape. Under the leadership of its leadership team, 3M Company continues to execute on a multi-year strategic vision that balances growth investment with shareholder retu…
Full 3M analysis →Deere & Company
Deere & Company is a leading company in the agricultural equipment industry. Deere and Company (DE) reported $61.3 billion in net revenues for fiscal 2023, with its Production and Precision Agriculture segment ($26.6B), Small Agriculture and Turf ($12.3B), Construction and Forestry ($13.4B), and Financial Services ($4.8B) segments all delivering record or near-record results
Full Deere & Company analysis →SWOT Analysis Comparison
- 3M Company maintains a gross margin of 39.9% and operating margin of 12.4%, demonstrating consistent operational execution and cost discipline in a competitive market.
- A return on equity of 75.5% demonstrates that 3M Company generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
- 3M Company generated $1.26B in free cash flow, providing financial flexibility to invest in growth initiatives, return capital to shareholders, or strengthen the balance sheet.
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- With a debt-to-equity ratio of 276.6, 3M Company carries significant debt relative to equity. While manageable given its cash flow, elevated leverage limits financial flexibility and increases vulnera
- Revenue growth of 2.0% is below what growth investors typically seek, suggesting market saturation in core businesses or increasing competitive pressure.
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- 3M Company operates in the Conglomerates segment of the broader Industrials sector, which represents a $8.4 trillion global industrial market. Even modest share gains in this environment translate to
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for 3M Comp
- With $7.93B in cash and strong free cash flow generation, 3M Company is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.
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- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. 3M Company's revenue is not fully insulated from macroeconomic cycles, and a recession scena
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on 3M Company's busine
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
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Open Comparison Tool3M vs Deere & Company: FAQ
- Is 3M bigger than Deere & Company?
- By market capitalization, Deere & Company is larger at $155.99B vs 3M's $79.51B.
- Which has better profit margins — 3M or Deere & Company?
- 3M has higher net profit margins (13.0%) compared to Deere & Company (10.3%). Gross and operating margins are compared in the table above.
- What sectors do 3M and Deere & Company operate in?
- 3M operates in the Industrials sector (Conglomerates). Deere & Company operates in the Industrials sector (Farm & Heavy Construction Machinery).
- How does 3M's revenue compare to Deere & Company's?
- 3M generates $24.95B in annual revenue (TTM) while Deere & Company generates $46.73B. Deere & Company is the larger company by revenue as of 2026.