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Side-by-side financial comparison of 3M (MMM) and TELUS CORP (TU). Click either name above to swap in a different company.

3M is the larger business by last-quarter revenue ($6.0B vs $3.7B, roughly 1.6× TELUS CORP). 3M runs the higher net margin — 10.8% vs -4.8%, a 15.7% gap on every dollar of revenue. On growth, TELUS CORP posted the faster year-over-year revenue change (2.2% vs 1.3%).

The 3M Company is an American multinational conglomerate operating in the fields of industry, worker safety, and consumer goods. Based in the Saint Paul suburb of Maplewood, the company produces over 60,000 products, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection film, electrical, electronic connecting, insulating materials, car-care products, electronic circuits, and optical films. Among its best-known consume...

Telus Corporation is a Canadian publicly traded holding company and conglomerate, headquartered in Vancouver, British Columbia, which is the parent company of several subsidiaries: Telus Communications offers telephony, television, data and Internet services; Telus Mobility offers wireless services; Telus Health operates companies that provide health products and services; and Telus Digital operates worldwide, providing multilingual customer service outsourcing and digital IT services. Telus ...

MMM vs TU — Head-to-Head

Bigger by revenue
MMM
MMM
1.6× larger
MMM
$6.0B
$3.7B
TU
Growing faster (revenue YoY)
TU
TU
+0.9% gap
TU
2.2%
1.3%
MMM
Higher net margin
MMM
MMM
15.7% more per $
MMM
10.8%
-4.8%
TU

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
MMM
MMM
TU
TU
Revenue
$6.0B
$3.7B
Net Profit
$653.0M
$-178.8M
Gross Margin
40.7%
90.2%
Operating Margin
23.2%
3.4%
Net Margin
10.8%
-4.8%
Revenue YoY
1.3%
2.2%
Net Profit YoY
-41.5%
-210.9%
EPS (diluted)
$1.23

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MMM
MMM
TU
TU
Q1 26
$6.0B
Q4 25
$6.1B
Q3 25
$6.5B
Q2 25
$6.3B
$3.7B
Q1 25
$6.0B
Q4 24
$6.0B
Q3 24
$6.3B
Q2 24
$6.3B
$3.6B
Net Profit
MMM
MMM
TU
TU
Q1 26
$653.0M
Q4 25
$577.0M
Q3 25
$834.0M
Q2 25
$723.0M
$-178.8M
Q1 25
$1.1B
Q4 24
$728.0M
Q3 24
$1.4B
Q2 24
$1.1B
$161.3M
Gross Margin
MMM
MMM
TU
TU
Q1 26
40.7%
Q4 25
33.6%
Q3 25
41.8%
Q2 25
42.5%
90.2%
Q1 25
41.6%
Q4 24
51.7%
Q3 24
42.1%
Q2 24
42.9%
87.9%
Operating Margin
MMM
MMM
TU
TU
Q1 26
23.2%
Q4 25
13.0%
Q3 25
22.2%
Q2 25
18.0%
3.4%
Q1 25
20.9%
Q4 24
12.2%
Q3 24
20.9%
Q2 24
20.3%
13.7%
Net Margin
MMM
MMM
TU
TU
Q1 26
10.8%
Q4 25
9.4%
Q3 25
12.8%
Q2 25
11.4%
-4.8%
Q1 25
18.7%
Q4 24
12.1%
Q3 24
21.8%
Q2 24
18.3%
4.4%
EPS (diluted)
MMM
MMM
TU
TU
Q1 26
$1.23
Q4 25
$1.07
Q3 25
$1.55
Q2 25
$1.34
Q1 25
$2.04
Q4 24
$1.33
Q3 24
$2.48
Q2 24
$2.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MMM
MMM
TU
TU
Cash + ST InvestmentsLiquidity on hand
$3.7B
$2.7B
Total DebtLower is stronger
$10.9B
Stockholders' EquityBook value
$3.3B
$11.8B
Total Assets
$35.4B
$44.3B
Debt / EquityLower = less leverage
3.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMM
MMM
TU
TU
Q1 26
$3.7B
Q4 25
Q3 25
Q2 25
$2.7B
Q1 25
Q4 24
Q3 24
Q2 24
$676.7M
Total Debt
MMM
MMM
TU
TU
Q1 26
$10.9B
Q4 25
$12.6B
Q3 25
$12.6B
Q2 25
$13.1B
Q1 25
$13.5B
Q4 24
$13.0B
Q3 24
$13.2B
Q2 24
$13.1B
Stockholders' Equity
MMM
MMM
TU
TU
Q1 26
$3.3B
Q4 25
$4.7B
Q3 25
$4.6B
Q2 25
$4.3B
$11.8B
Q1 25
$4.5B
Q4 24
$3.8B
Q3 24
$4.6B
Q2 24
$3.9B
$12.4B
Total Assets
MMM
MMM
TU
TU
Q1 26
$35.4B
Q4 25
$37.7B
Q3 25
$37.6B
Q2 25
$38.0B
$44.3B
Q1 25
$40.0B
Q4 24
$39.9B
Q3 24
$40.9B
Q2 24
$43.4B
$41.8B
Debt / Equity
MMM
MMM
TU
TU
Q1 26
3.29×
Q4 25
2.68×
Q3 25
2.72×
Q2 25
3.06×
Q1 25
3.02×
Q4 24
3.40×
Q3 24
2.84×
Q2 24
3.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MMM
MMM
TU
TU
Operating Cash FlowLast quarter
$851.2M
Free Cash FlowOCF − Capex
$2.0B
FCF MarginFCF / Revenue
33.6%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMM
MMM
TU
TU
Q1 26
Q4 25
$1.6B
Q3 25
$1.8B
Q2 25
$-954.0M
$851.2M
Q1 25
$-79.0M
Q4 24
$1.8B
Q3 24
$-1.8B
Q2 24
$1.0B
$1.0B
Free Cash Flow
MMM
MMM
TU
TU
Q1 26
$2.0B
Q4 25
$1.3B
Q3 25
$1.5B
Q2 25
$-1.2B
Q1 25
$-315.0M
Q4 24
$1.5B
Q3 24
$-2.0B
Q2 24
$752.0M
FCF Margin
MMM
MMM
TU
TU
Q1 26
33.6%
Q4 25
21.8%
Q3 25
23.6%
Q2 25
-18.3%
Q1 25
-5.3%
Q4 24
25.4%
Q3 24
-32.3%
Q2 24
12.0%
Capex Intensity
MMM
MMM
TU
TU
Q1 26
Q4 25
4.0%
Q3 25
3.3%
Q2 25
3.3%
Q1 25
4.0%
Q4 24
4.8%
Q3 24
3.9%
Q2 24
4.3%
Cash Conversion
MMM
MMM
TU
TU
Q1 26
Q4 25
2.74×
Q3 25
2.11×
Q2 25
-1.32×
Q1 25
-0.07×
Q4 24
2.50×
Q3 24
-1.30×
Q2 24
0.89×
6.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MMM
MMM

Safety and Industrial business segment$2.9B49%
Transportation and Electronics business segment$1.8B31%
Consumer business segment$1.1B19%
Corporate$121.0M2%

TU
TU

Segment breakdown not available.

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