Is ITW or MMM cheaper?

On trailing earnings, ITW is cheaper: ITW trades at a 23.90 P/E and MMM at 30.50.

Which has grown faster, ITW or MMM?

Over the past five years, ITW grew revenue faster — ITW at a 4.71% CAGR versus MMM at -5.36%.

Does ITW or MMM pay a bigger dividend?

ITW yields 2.46% and MMM yields 1.91% based on trailing dividends and the latest price.

Is ITW or MMM more profitable?

ITW runs the higher net margin — ITW at 19.32% versus MMM at 11.14%.

Which has been the better investment, ITW or MMM?

Over the past 10-year, ITW delivered the higher annualized total return — ITW at 11.65% versus MMM at 4.53%. Past performance doesn't predict future results.

Illinois Tool Works Inc. (ITW) vs 3M Company (MMM)

ITW leads on 14 of 16 compared metrics.

A side-by-side comparison of Illinois Tool Works Inc. and 3M Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ITW

Illinois Tool Works Inc.

Total return — ITW vs MMM

growth of $100 · last 30y

ITW +1454.5%MMM +452.8%ITW compounded faster

ITW MMM

ITW vs MMM: by the numbers

•MMM is the larger company ($82.57B vs $74.06B market cap).
•ITW trades at the lower earnings multiple (23.90 vs 30.50 P/E).
•ITW converts more revenue to profit (19.32% vs 11.14% net margin).
•ITW grew revenue faster over the past five years (4.71% vs -5.36% CAGR).
•ITW pays the higher dividend yield (2.46% vs 1.91%).

Which is better, ITW or MMM?

Metric tally: ITW 14 · MMM 2

It depends on what you're optimizing for:

ValueITW(lower P/E)

GrowthITW(faster 5Y revenue CAGR)

IncomeITW(higher dividend yield)

QualityITW(higher ROIC)

Valuation

Metric	ITW	MMM
P/E ratio	23.90●	30.50
Forward P/E	22.78	16.68●
P/S ratio	4.59	3.37●
P/B ratio	23.05●	25.85
PEG ratio	2.50	—
EV / EBITDA	17.79●	18.55
FCF yield	3.68%●	2.44%

Profitability

Metric	ITW	MMM
Gross margin	44.12%●	39.51%
Operating margin	26.42%●	19.60%
Net margin	19.32%●	11.14%
ROE	97.06%●	85.41%
ROIC	24.49%●	11.53%

Dividends

Metric	ITW	MMM
Dividend yield	2.46%●	1.91%
Payout ratio	60.17%	50.00%

Growth (annualized)

Metric	ITW	MMM
Revenue CAGR (5Y)	4.71%●	-5.36%
EPS CAGR (5Y)	9.58%●	-8.53%
FCF CAGR (5Y)	1.38%●	-21.95%
Total return CAGR (5Y)	4.45%●	2.23%

Frequently asked

Which is better, ITW or MMM?: It depends on your goal. value: ITW (lower P/E); growth: ITW (faster 5Y revenue CAGR); income: ITW (higher dividend yield); quality: ITW (higher ROIC). Across all compared metrics, ITW leads 14 to 2.
Is ITW or MMM cheaper?: On trailing earnings, ITW is cheaper: ITW trades at a 23.90 P/E and MMM at 30.50.
Which has grown faster, ITW or MMM?: Over the past five years, ITW grew revenue faster — ITW at a 4.71% CAGR versus MMM at -5.36%.
Does ITW or MMM pay a bigger dividend?: ITW yields 2.46% and MMM yields 1.91% based on trailing dividends and the latest price.
Is ITW or MMM more profitable?: ITW runs the higher net margin — ITW at 19.32% versus MMM at 11.14%.
Which has been the better investment, ITW or MMM?: Over the past 10-year, ITW delivered the higher annualized total return — ITW at 11.65% versus MMM at 4.53%. Past performance doesn't predict future results.

Go deeper

Full ITW analysis Full MMM analysis Interactive comparison tool

Dig into the metrics

Illinois Tool Works P/E ratio 3M P/E ratio Illinois Tool Works dividend yield 3M dividend yield Illinois Tool Works ROE 3M ROE Illinois Tool Works operating margin 3M operating margin Illinois Tool Works revenue growth 3M revenue growth Illinois Tool Works free cash flow 3M free cash flow

Illinois Tool Works & 3M appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest ROE Stocks Highest ROIC Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.