Diversified materials maker
3M Company
3M sells industrial adhesives and abrasives, automotive and electronics materials, safety products, and consumer goods to manufacturers and retailers. It spends on digital infrastructure such as cloud and AI platforms and expands its safety business through acquisitions.
MMM Updated Sep 11, 2026 3 AI consumers· 3 recurring
Per the valuechain.wiki graph, 3M Company is directly linked to 4 companies (2 supply, 3 revenue relationships) and reaches 72 companies within two hops; the links are backed by 9 dated sources, 2 of them primary filings (as of 2026-09-11).
Annual return · 2026-09-04'21+4.9%'22-29.6%'23-3.3%'24+46.1%'25+26.4%YTD+6.8%
3M CompanyUS$24.948 billion in total revenue for FY2025
Financials & Segments
- Total revenue · US$24.948 billion in total revenue for FY2025 (SEC 10-K XBRL)
- Segments · Safety and Industrial · Transportation and Electronics · Consumer · Corporate and Other
Revenue from
- Walmart Inc Medium confidence
Walmart is a retail customer that buys air-cleaning filters made at a 3M plant in the United States for sale in its stores. Neither the transaction value nor its share of 3M revenue is disclosed. - Microsoft Medium confidence
Microsoft is the first publicly announced hyperscale customer to deploy 3M's Expanded Beam Optical technology in Azure data centers. Sales or licensing value was not disclosed.Confirms KO Electronic Times Published Jul 16, 2026: Microsoft and 3M Form AI Data Center Alliance, Bringing Next-Generation Optical Connectivity to AzureConfirms EN 3M Investor Relations Published Jul 15, 2026: 3M and Microsoft Announce Strategic Partnership to Advance AI Data Center Infrastructure and Enterprise TransformationMentions EN Grand View Research Published Jul 1, 2026: Fiber Optic Connectors Market Size Report, 2026-2033 - Fastenal Company Medium confidence
3M maps its global product IDs to Fastenal part numbers in an official product catalog, confirming that its filtration products move through Fastenal's distribution channel, while Fastenal does not disclose its purchases from 3M or their share of total inventory purchases.
Pays to
- Amazon Medium confidence
3M moved enterprise IT infrastructure and applications for ERP, supply chain, manufacturing, and e-commerce to AWS. Cloud fees and contract value were not disclosed.Confirms EN Amazon Published Feb 17, 2020: 3M Selects AWS as Its Preferred Cloud Provider for Enterprise IT - Microsoft Medium confidence
3M is adopting Microsoft's AI and digital platforms across customer service, finance, sales, and marketing. Platform fees and service contract value were not disclosed.Confirms KO Electronic Times Published Jul 16, 2026: Microsoft and 3M Form AI Data Center Alliance, Bringing Next-Generation Optical Connectivity to AzureConfirms EN 3M Investor Relations Published Jul 15, 2026: 3M and Microsoft Announce Strategic Partnership to Advance AI Data Center Infrastructure and Enterprise Transformation
Investments
- Madison Fire & Rescue High confidence· Contract value $1.9B · acquisition completed 2026-07-01 · Total purchase price paid by the 3M and Bain Capital venture for Madison Fire & Rescue
3M completed the acquisition of Madison Fire & Rescue through a majority-owned venture formed with Bain Capital and combined it with Scott Safety. The disclosed value is the venture's total purchase price, not 3M's standalone cash contribution.Confirms EN SEC EDGAR Published Jul 21, 2026: 3M Company Form 10-Q for the Quarterly Period Ended June 30, 2026Confirms EN 3M Investor Relations Published Mar 19, 2026: 3M to Create a Leading Fire and Safety Business; Acquires Madison Fire & Rescue and Combines with Scott Safety
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Snowflake | lead2 | +20.4 | -57.6 | +38.6 | -22.4 | +42.1 | +53.7 |
| Starbucks Corp | lead2 | +11.1 | -13.2 | -1.2 | -2.5 | -5.3 | +26.3 |
| UnitedHealth Group Incorporated | lead2 | +45.2 | +6.9 | +0.8 | -2.4 | -33.1 | +21.9 |
| Johnson Controls | lead2 | +77.4 | -19.3 | -7.6 | +39.8 | +53 | +21.7 |
| Rockwell Automation, Inc. | lead2 | +41.2 | -24.8 | +22.6 | -6.2 | +38.4 | +12.6 |
| Illinois Tool Works Inc. | lead2 | +23.6 | -8.5 | +21.6 | -1 | -0.4 | +11 |
| Parker-Hannifin Corporation | lead2 | +18.3 | -6.9 | +60.8 | +39.6 | +39.5 | +10.2 |
| Costco Wholesale | lead2 | +51.8 | -19 | +49 | +39.6 | -5.4 | +6.7 |
| ServiceNow | lead2 | +17.9 | -40.2 | +82 | +50.1 | -27.7 | -7.8 |
| Stryker Corporation | lead2 | +10.2 | -7.4 | +23.8 | +21.3 | -1.5 | -13.3 |
| Take-Two Interactive Software, Inc. | lead2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.1 |
| Adobe Inc. | lead2 | +13.4 | -40.7 | +77.3 | -25.5 | -21.3 | -23.9 |
| Autodesk, Inc. | lead2 | -7.9 | -33.5 | +30.3 | +21.4 | +0.1 | -26.4 |
| Boston Scientific Corporation | lead2 | +18.2 | +8.9 | +24.9 | +54.5 | +6.8 | -49.9 |
| Microsoft | lead1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| Walmart Inc | lead1 | +2 | -0.5 | +12.9 | +74 | +24.5 | -3.2 |
| 3M Company | node | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| Amazon | benef1 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| Microsoft | benef1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| SanDisk | benef2 | · | · | · | · | · | +633 |
| Seagate Technology | benef2 | +87.5 | -51.4 | +69.1 | +4.1 | +225.3 | +209.1 |
| Western Digital | benef2 | +17.7 | -51.6 | +66 | +13.9 | +283.7 | +171.6 |
| Nebius Group | benef2 | · | · | · | · | +202.2 | +170.5 |
| Marvell | benef2 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +163.4 |
| Intel | benef2 | +6.1 | -46.6 | +94.6 | -59.6 | +84 | +159.6 |
| AMD | benef2 | +56.9 | -55 | +127.6 | -18.1 | +77.3 | +123 |
| Wiwynn | benef2 | +24.7 | -22.3 | +206.4 | +3.5 | +64.4 | +120.2 |
| Astera Labs | benef2 | · | · | · | · | +25.6 | +86.6 |
| Corning | benef2 | +5.9 | -11.6 | -1.2 | +60.6 | +87.8 | +77.2 |
| Vertiv | benef2 | +33.8 | -45.3 | +251.8 | +136.8 | +42.8 | +73.2 |
| Arista Networks | benef2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +47.9 |
| Occidental Petroleum | benef2 | +67.7 | +119.1 | -4.1 | -15.9 | -14.9 | +47.4 |
| GE Vernova | benef2 | · | · | · | · | +99 | +44.4 |
| Caterpillar | benef2 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +42.9 |
| FedEx | benef2 | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| Ciena | benef2 | +45.6 | -33.8 | -11.7 | +88.4 | +175.8 | +37.3 |
| Equinix | benef2 | +20.3 | -21.1 | +25.4 | +19.5 | -16.9 | +37.3 |
| Jabil | benef2 | +66.4 | -2.5 | +87.4 | +13.3 | +58.7 | +36.3 |
| Alchip Technologies | benef2 | +14.3 | -8.7 | +365.1 | -18.9 | +0.8 | +36.1 |
| Super Micro | benef2 | +38.8 | +86.8 | +246.2 | +7.2 | -4 | +35.3 |
| Globalstar | benef2 | +241.2 | +14.7 | +45.9 | +6.7 | +96.6 | +34.9 |
| Eaton | benef2 | +46.7 | -7.2 | +56.2 | +39.5 | -2.8 | +30.1 |
| Quanta Computer | benef2 | +22.2 | -12.8 | +254.5 | +12.7 | +8.9 | +28.5 |
| Digital Realty | benef2 | +30.7 | -41 | +39.9 | +35.9 | -10.1 | +23.4 |
| Schneider Electric | benef2 | +25.9 | +1.6 | +25.8 | +36.1 | +0.5 | +20.7 |
| Foxconn (Hon Hai) | benef2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +19.6 |
| Credo Technology | benef2 | · | · | +46.3 | +245.2 | +114.1 | +18.5 |
| ABB | benef2 | +23.9 | +7.3 | +18.9 | +39 | +36.1 | +18.4 |
| IREN | benef2 | · | -92.3 | +472 | +37.3 | +284.6 | +18.3 |
| Entergy | benef2 | +17.1 | +3.6 | -6.1 | +56 | +25.3 | +18.2 |
| Norfolk Southern | benef2 | +27.3 | -15.6 | -1.6 | +1.6 | +25.6 | +15.6 |
| Colgate-Palmolive Company | benef2 | +2.1 | -5.4 | +3.8 | +16.6 | -11 | +14.4 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| Automatic Data Processing, Inc. | benef2 | +42.6 | -1.3 | -0.2 | +28.4 | -10.2 | +9.6 |
| United Parcel Service, Inc. | benef2 | +30 | -16.2 | -6 | -15.9 | -15.9 | +8 |
| Celestica | benef2 | +37.9 | +1.3 | +159.8 | +215.2 | +220.3 | +5.7 |
| Procter & Gamble | benef2 | +20.5 | -5 | -0.9 | +17.3 | -12.3 | +4.5 |
| Amorepacific | benef2 | -30.1 | -5.7 | -18.4 | +9.9 | +8.2 | +4.1 |
| Exelon | benef2 | +41.5 | +8.3 | -14 | +9.2 | +20 | +1.9 |
| Brookfield Asset Management Ltd. | benef2 | · | · | +45.6 | +39.7 | -0.2 | -0.4 |
| Vistra | benef2 | +19.6 | +5.1 | +70.7 | +261.5 | +17.7 | -7.2 |
| Fabrinet | benef2 | +52.7 | +8.2 | +48.4 | +15.5 | +107.1 | -10.5 |
| IonQ | benef2 | · | -79.3 | +259.1 | +237.1 | +7.4 | -11.9 |
| Abbott Laboratories | benef2 | +30.5 | -20.7 | +2.3 | +4.8 | +12.9 | -11.9 |
| Constellation Energy | benef2 | · | · | +37.2 | +92.7 | +58.8 | -15 |
| Talen Energy | benef2 | · | · | · | +214.8 | +86.1 | -15.4 |
| Take-Two Interactive Software, Inc. | benef2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.1 |
| Quantum Computing Inc | benef2 | -75.8 | -55.7 | -39.5 | +1712.7 | -38 | -21.9 |
| D-Wave Quantum | benef2 | · | -85.3 | -38.9 | +854.5 | +211.3 | -36.6 |
| Nike | benef2 | +18.7 | -29 | -6 | -29.1 | -13.8 | -38.1 |
YTD as of 2026-09-04 · source: Yahoo Finance
3M Company operates across Diversified materials maker. It is +6.8% in 2026. Demand side (avg +0.4%), the stock (+6.8%) and supply side (avg +8%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Amazon (+12%) and the furthest behind is Walmart Inc (-3.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It spends on digital infrastructure such as cloud and AI platforms and expands its safety business through acquisitions.
Analysis generated from returns as of 2026-09-04