Data as of:
LIVE
MMM
3M Company · Industrials
$165.89
-8.18% this month
VERSUS
COMPARE
HON
Honeywell International Inc. · Industrials
$206.46
-6.89% this month
Comparison scoreboard
MMM LEADS 3/5AI Scorei
MMM 41.4
HON ✓42.0
1Y Returni
MMM ✓+6.75%
HON -1.78%
Fwd P/Ei
MMM ✓17.83
HON 21.74
Target Up.i
MMM +6.44%
HON ✓+21.46%
Op. Margini
MMM ✓20.35%
HON 20.25%
Metrics last refreshed: 9/20/2026
Quick take
MMM vs HON Stock Comparison: AI Score, Valuation, Performance and Upside
3M and Honeywell are both large industrial conglomerates undergoing portfolio simplification, but at very different points in the process and for different reasons. Honeywell is simplifying from a position of relative strength — separating Advanced Materials while maintaining growing aerospace and automation segments. 3M is simplifying under duress — managing enormous PFAS and earplug litigation liabilities while divesting healthcare (Solventum) to reset the company as a simpler industrial business.
MMM vs HON is 3M in forced industrial reset mode under enormous legal liability management after healthcare spinoff (3M) versus Honeywell in voluntary portfolio simplification from a position of strength with aerospace growth leading (Honeywell) — distressed industrial reset vs voluntary portfolio focus at strength.
Live analysis · updated 9/20/2026
MMM holds the edge across 3 of 5 key metrics in this comparison. MMM leads on both 1-year return (+6.75%) and forward P/E quality (17.83x vs 21.74x for HON), a relatively favorable combination of momentum and valuation. On fundamentals, HON is growing revenue faster (4.30%), while MMM maintains the higher operating margin (20.35%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for HON (+21.46%) than for MMM (+6.44%).
Normalized 1Y performance
MMM
HON
Recent returns
MMM
HON
Analyst price targets & sentiment
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
MMM · 18 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.2/5.0)
9 Buy / 6 Hold / 3 Sell
Price target range
analyst low$100.00
analyst mean$185.57
current price$165.89
+6.4% upside to analyst mean
HON · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.1/5.0)
14 Buy / 8 Hold / 1 Sell
Price target range
analyst low$203.00
analyst high$300.00
analyst mean$264.09
current price$206.46
+21.5% upside to analyst mean
Who should consider this stock?
MMM may suit investors who:
- prefer potential value recovery if PFAS and earplug litigation settlements are manageable and 3M's remaining industrial businesses can return to growth
- value 3M's niche industrial market leadership in adhesives, abrasives, filtration, and electrical across many specialized applications
- want deep value industrial exposure to a company that has undergone unprecedented litigation challenges that may eventually clear
- are comfortable with significant remaining PFAS litigation liability uncertainty, dividend reset after 60+ year increase streak, and operational reset during portfolio simplification
HON may suit investors who:
- prefer industrial conglomerate with aerospace technology outperformance as commercial aviation recovery and aircraft production drive avionics demand
- value Honeywell's process automation installed base creating recurring service revenue across oil & gas, chemicals, and manufacturing
- want diversified industrial compounding with software-defined automation (Honeywell Forge) providing digital revenue alongside hardware
- are comfortable with conglomerate discount from portfolio complexity, Advanced Materials separation transition, and Emerson/Siemens/ABB competition in process automation
Performance & AI score
| Metric | MMM | HON |
|---|---|---|
| AI scorei | 41.4 | 42.0 |
| AI ranki | #1050 | #976 |
| Latest closei | $165.89 | $206.46 |
| 1M returni | -8.18% | -6.89% |
| 6M returni | +16.24% | -9.85% |
| 1Y returni | +6.75% | -1.78% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | MMM | HON |
|---|---|---|
| 1Y ago | $10.68K (+6.8%) started 2025-09-18 | $9.82K (-1.8%) started 2025-09-18 |
| 5Y ago | $14.92K (+49.2%) started 2021-09-20 | $11.22K (+12.2%) started 2021-09-20 |
| 10Y ago | $21.28K (+112.8%) started 2016-09-19 | $27.58K (+175.8%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | MMM | HON |
|---|---|---|
| Market capi | $89.91B | $68.91B |
| Trailing P/Ei | 30.97 | 8.36 |
| Forward P/Ei | 17.83 | 21.74 |
| Price/Salesi | 3.19 | 3.75 |
| EV/Revenuei | 3.88 | 2.50 |
| Analyst targeti | $185.57 | $264.09 |
| Target upsidei | +6.44% | +21.46% |
Growth, profitability & risk
| Metric | MMM | HON |
|---|---|---|
| Revenue growthi | 2.50% | 4.30% |
| Earnings growthi | 32.80% | 263.90% |
| EPS growthi | +32.80% | +263.90% |
| FCF margini | +25.22% | +6.86% |
| Operating margini | 20.35% | 20.25% |
| Profit margini | 11.90% | 21.58% |
| ROIC proxyi | 81.89% | 46.58% |
| Return on equityi | 81.89% | 46.58% |
| Dividend yieldi | 1.79% | 1.29% |
| Payout ratioi | 53.64% | 36.14% |
| Dividend growth streaki | No increase yet | No increase yet |
| Betai | 1.08 | 0.92 |
| Debt/equityi | 437.94 | 185.37 |
| Current ratioi | 1.24 | 1.21 |
| Quick ratioi | 0.81 | 0.76 |
Correlation
Over the past year, MMM and HON have moved moderately in the same direction (correlation of 0.42), based on daily returns.
1Y
0.42
-1.0+1.0
5Y
0.48
-1.0+1.0
10Y
0.57
-1.0+1.0
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
MMM max drawdowni19.13%
HON max drawdowni19.06%
MMM max wkly dropi7.99%
HON max wkly dropi10.46%
5Y risk snapshot
MMM max drawdowni48.86%
HON max drawdowni25.21%
MMM max wkly dropi13.89%
HON max wkly dropi14.33%
10Y risk snapshot
MMM max drawdowni59.10%
HON max drawdowni43.01%
MMM max wkly dropi15.07%
HON max wkly dropi24.70%
Performance metrics by period
| Period | Metric | MMM | HON |
|---|---|---|---|
| 1Y | Growthi | +6.75% | -1.78% |
| CAGRi | +6.76% | -1.78% | |
| Volatilityi | 26.24% | 27.03% | |
| Sharpe ratioi | 0.21 | -0.10 | |
| Sortino ratioi | 0.32 | -0.14 | |
| Max drawdowni | 19.13% | 19.06% | |
| Current drawdowni | 9.73% | 17.01% | |
| Avg drawdowni | 7.37% | 7.64% | |
| Ulcer Indexi | 9.22% | 9.25% | |
| Max daily dropi | 6.96% | 6.00% | |
| Max wkly dropi | 7.99% | 10.46% | |
| 5Y | Growthi | +27.35% | +3.49% |
| CAGRi | +4.96% | +0.69% | |
| Volatilityi | 28.61% | 22.70% | |
| Sharpe ratioi | 0.15 | -0.05 | |
| Sortino ratioi | 0.24 | -0.08 | |
| Max drawdowni | 48.86% | 25.21% | |
| Current drawdowni | 9.73% | 17.01% | |
| Avg drawdowni | 18.63% | 9.68% | |
| Ulcer Indexi | 23.98% | 11.20% | |
| Max daily dropi | 11.03% | 7.62% | |
| Max wkly dropi | 13.89% | 14.33% | |
| 10Y | Growthi | +50.94% | +126.50% |
| CAGRi | +4.20% | +8.52% | |
| Volatilityi | 26.76% | 24.04% | |
| Sharpe ratioi | 0.12 | 0.27 | |
| Sortino ratioi | 0.17 | 0.39 | |
| Max drawdowni | 59.10% | 43.01% | |
| Current drawdowni | 9.73% | 17.01% | |
| Avg drawdowni | 23.93% | 8.30% | |
| Ulcer Indexi | 28.98% | 10.72% | |
| Max daily dropi | 12.95% | 12.09% | |
| Max wkly dropi | 15.07% | 24.70% |
Business comparison
| Category | MMM | HON |
|---|---|---|
| Company | 3M Company | Honeywell International Inc. |
| Sector | Industrials | Industrials |
| Industry | Conglomerates | Conglomerates |
| Core business | 3M is a diversified technology company historically operating across Safety & Industrial, Transportation & Electronics, and Health Care segments. 3M is best known for consumer products (Post-it Notes, Scotch tape) but derives most revenue from industrial and healthcare products. 3M has been undergoing major portfolio simplification — spinning off its healthcare segment (now Solventum, SOLV) and settling massive military earplugs litigation ($6B+ settlement) and PFAS chemical contamination claims ($10B+ potential settlements). The remaining industrial 3M company faces significant legal and operational reset. | Honeywell operates across Aerospace Technologies (aircraft equipment, avionics), Industrial Automation (process control, warehouse automation), Building Automation (HVAC, fire), and Energy & Sustainability Solutions. Honeywell's Aerospace segment is the fastest growing — aircraft production ramp and air travel recovery are driving strong demand. Honeywell is separating its Advanced Materials segment to further focus the portfolio. Honeywell's process automation installed base in oil & gas and chemicals creates long-term service revenue. |
| Investor focus | Investors track revenue and margin in the remaining industrial 3M post-Solventum spinoff, litigation settlement progress (especially PFAS/water contamination claims), and whether the simplified industrial portfolio can return to growth. | Investors track Aerospace Technology order growth (the primary near-term catalyst), industrial automation bookings, and the portfolio reshaping toward higher-growth, higher-margin industrial automation and aerospace. |
MMM strengths
- 3M's remaining industrial businesses include leading positions in abrasives, adhesives, filtration, and electrical products — many niche industrial markets where 3M has decades of customer relationships
- Post-spinoff simplification may unlock value — Solventum (healthcare) as a separate company might unlock conglomerate discount for both remaining entities
- Dividends: 3M had been a Dividend King with 60+ consecutive increases — though dividend was reduced in 2024 to reset as a simpler industrial company
HON strengths
- Aerospace segment providing exceptional growth as commercial aircraft production and air travel recovery drive avionics and aerospace equipment demand
- Process automation installed base creates long-term service contracts and maintenance revenue in oil & gas, chemicals, and power sectors
- Building automation exposure to smart building and energy efficiency investment globally as decarbonization drives HVAC and controls upgrades
Risks to watch — MMM
- PFAS water contamination litigation ($10B+ potential liability) is the most significant ongoing legal risk — final settlement amounts are still being determined
- Military combat earplugs class action settlement ($6B) has mostly resolved but required significant cash outflow
- Revenue growth in the remaining industrial segments has been challenged — the company is in operational reset while managing enormous legal liabilities
Risks to watch — HON
- Portfolio complexity — Honeywell managing 4+ major segments simultaneously creates management bandwidth challenges and conglomerate discount
- Honeywell Forge software strategy is developing but competes with established industrial software vendors (Emerson's DeltaV, Siemens, ABB)
- Advanced Materials separation adds another portfolio transformation challenge alongside existing industrial segments
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