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

UPS has the lower trailing P/E: MMM trades at 32.41 and UPS at 16.31. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MMM or UPS?

Over the past five years, UPS grew revenue faster — MMM at a -6.23% CAGR versus UPS at 0.98%.

Does MMM or UPS pay a bigger dividend?

MMM yields 1.65% and UPS yields 6.22% based on trailing dividends and the latest price.

Is MMM or UPS more profitable?

MMM runs the higher net margin — MMM at 11.90% versus UPS at 5.08%.

How have MMM and UPS total returns compared?

Over the past 10 years, MMM delivered 5.45% and UPS delivered 3.57% annualized total return. Past performance doesn't predict future results.

3M Company (MMM) vs United Parcel Service, Inc. (UPS)

A side-by-side comparison of 3M Company and United Parcel Service, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 29, 2026. Differences are shown without an overall score or investment verdict.

MMM

3M Company

$91.78B

$177.97IndustrialsDelayed quote: Jul 29, 2026, 3:59 PM EDT

UPS

United Parcel Service, Inc.

$88.88B

$104.69IndustrialsDelayed quote: Jul 29, 2026, 3:59 PM EDT

Total return — MMM vs UPS

growth of $100 · dividends reinvested · last 27y

MMM +853.2%UPS +232.4%MMM compounded faster

MMM UPS

MMM vs UPS: by the numbers

•MMM is the larger company ($91.78B vs $88.88B market cap).
•UPS trades at the lower trailing earnings multiple (16.31 vs 32.41 P/E), one valuation lens rather than an overall verdict.
•MMM converts more revenue to profit (11.90% vs 5.08% net margin).
•UPS grew revenue faster over the past five years (0.98% vs -6.23% CAGR).
•UPS pays the higher dividend yield (6.22% vs 1.65%).

Metrics side by side

Valuation

Metric	MMM	UPS
P/E ratio	32.41	16.31
Forward P/E	20.52	14.71
P/S ratio	3.82	1.00
P/B ratio	32.61	5.96
PEG ratio	N/A	0.49
EV / EBITDA	18.13	13.02
FCF yield	4.14%	6.08%

Profitability

Metric	MMM	UPS
Gross margin	39.40%	18.08%
Operating margin	19.01%	7.31%
Net margin	11.90%	5.08%
ROE	101.52%	30.33%
ROIC	11.53%	10.40%

Dividends

Metric	MMM	UPS
Dividend yield	1.65%	6.22%
Payout ratio	50.00%	100.00%

Growth (annualized)

Metric	MMM	UPS
Revenue CAGR (5Y)	-6.23%	0.98%
EPS CAGR (5Y)	-8.53%	33.45%
FCF CAGR (5Y)	-10.85%	-7.25%
Total return CAGR (5Y)	5.65%	-7.20%

Frequently asked

Which has the lower trailing P/E, MMM or UPS?: UPS has the lower trailing P/E: MMM trades at 32.41 and UPS at 16.31. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MMM or UPS?: Over the past five years, UPS grew revenue faster — MMM at a -6.23% CAGR versus UPS at 0.98%.
Does MMM or UPS pay a bigger dividend?: MMM yields 1.65% and UPS yields 6.22% based on trailing dividends and the latest price.
Is MMM or UPS more profitable?: MMM runs the higher net margin — MMM at 11.90% versus UPS at 5.08%.
How have MMM and UPS total returns compared?: Over the past 10 years, MMM delivered 5.45% and UPS delivered 3.57% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MMM analysis Full UPS analysis Interactive comparison tool

Dig into the metrics

3M P/E ratio United Parcel Service P/E ratio 3M dividend yield United Parcel Service dividend yield 3M ROE United Parcel Service ROE 3M operating margin United Parcel Service operating margin 3M revenue growth United Parcel Service revenue growth 3M free cash flow United Parcel Service free cash flow

3M & United Parcel Service appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest FCF Yield 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 July 29, 2026.