Which has the lower trailing P/E, ITW or MMM?

ITW has the lower trailing P/E: ITW trades at 24.31 and MMM at 29.30. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ITW or MMM?

Over the past five years, ITW grew revenue faster — ITW at a 3.30% CAGR versus MMM at -6.23%.

Does ITW or MMM pay a bigger dividend?

ITW yields 2.43% and MMM yields 1.88% based on trailing dividends and the latest price.

Is ITW or MMM more profitable?

ITW runs the higher net margin — ITW at 19.39% versus MMM at 11.90%.

How have ITW and MMM total returns compared?

Over the past 10 years, ITW delivered 11.23% and MMM delivered 4.38% annualized total return. Past performance doesn't predict future results.

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

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 September 11, 2026. Differences are shown without an overall score or investment verdict.

ITW

Illinois Tool Works Inc.

$77.15B

$268.16IndustrialsDelayed quote: Sep 11, 2026, 4:00 PM EDT

MMM

3M Company

$85.07B

$164.95IndustrialsDelayed quote: Sep 11, 2026, 4:00 PM EDT

Total return — ITW vs MMM

growth of $100 · dividends reinvested · last 10y

ITW +181.9% (+10.9%/yr)MMM +54.0% (+4.4%/yr)ITW compounded faster over this window

ITW MMM

ITW vs MMM: by the numbers

•MMM is the larger company ($85.07B vs $77.15B market cap).
•ITW trades at the lower trailing earnings multiple (24.31 vs 29.30 P/E), one valuation lens rather than an overall verdict.
•ITW converts more revenue to profit (19.39% vs 11.90% net margin).
•ITW grew revenue faster over the past five years (3.30% vs -6.23% CAGR).
•ITW pays the higher dividend yield (2.43% vs 1.88%).

Metrics side by side

Valuation

Metric	ITW	MMM
P/E ratio	24.31	29.30
Forward P/E	23.46	18.44
P/S ratio	4.68	3.38
P/B ratio	26.66	28.82
EV / EBITDA	18.38	N/A
FCF yield	3.79%	4.68%

Profitability

Metric	ITW	MMM
Gross margin	44.16%	39.40%
Operating margin	26.50%	19.01%
Net margin	19.39%	11.90%
ROE	110.37%	101.52%
ROIC	24.71%	14.64%

Dividends

Metric	ITW	MMM
Dividend yield	2.43%	1.88%
Payout ratio	58.39%	54.53%

Growth (annualized)

Metric	ITW	MMM
Revenue CAGR (5Y)	3.30%	-6.23%
EPS CAGR (5Y)	9.58%	-8.53%
FCF CAGR (5Y)	4.41%	-10.85%
Total return CAGR (5Y)	6.40%	4.70%

Frequently asked

Which has the lower trailing P/E, ITW or MMM?: ITW has the lower trailing P/E: ITW trades at 24.31 and MMM at 29.30. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ITW or MMM?: Over the past five years, ITW grew revenue faster — ITW at a 3.30% CAGR versus MMM at -6.23%.
Does ITW or MMM pay a bigger dividend?: ITW yields 2.43% and MMM yields 1.88% based on trailing dividends and the latest price.
Is ITW or MMM more profitable?: ITW runs the higher net margin — ITW at 19.39% versus MMM at 11.90%.
How have ITW and MMM total returns compared?: Over the past 10 years, ITW delivered 11.23% and MMM delivered 4.38% annualized total return. 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 25+ Year Dividend Growers 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 September 11, 2026.