ETN vs. MMM: Eaton vs. 3M Stock Comparison

November 11, 2026

How do Eaton (ETN) and 3M (MMM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Eaton (ETN) and 3M (MMM) both fall under the Capital Goods industry group, but ETN is classified in Electrical Equipment while MMM is classified in Industrial Conglomerates.

Company profile comparison for Eaton (ETN) and 3M (MMM)
Profile Item	ETN	MMM
Name	Eaton Corporation plc	3M Company
Country/Region	Ireland	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Electrical Equipment	Industrial Conglomerates
GICS Sub-Industry	Electrical Components & Equipment	Industrial Conglomerates
Market Capitalization	132.76 billion USD	95.67 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 1, 1972	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ETN

MMM

GSPC

Eaton (ETN) vs. 3M (MMM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Eaton (ETN) and 3M (MMM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Eaton (ETN) and 3M (MMM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
Total Return (1Y)	-2.33%	16.26%
Total Return (3Y, Annualized)	19.68%	38.64%
Total Return (5Y, Annualized)	17.50%	8.14%

Risk Profile

Drawdown History

ETN

MMM

GSPC

Eaton (ETN) vs. 3M (MMM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Eaton (ETN) and 3M (MMM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
Volatility (1Y, Annualized)	43.57%	27.61%
Beta (5Y)	1.14	0.97
Max Drawdown (5Y)	-34.46%	-48.86%
Avg. Volume (3M)	2.32M	3.14M

Risk-Adjusted Performance

Risk-Return Positioning

ETN and MMM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
Sharpe Ratio (1Y)	-0.15	0.43
Sortino Ratio (1Y)	-0.21	0.70

Profitability

ROE (TTM)

Both companies show strong equity returns, but 3M (MMM) at 72.97% is the standout with ROE above its industry range; Eaton (ETN) at 19.55% also sits in the top quartile.

ETN

Capital Goods industry group

19.55%

Max: 40.55%
ETN: 19.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

MMM

Capital Goods industry group

72.97%

MMM: 72.97%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Eaton (ETN) vs. 3M (MMM): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Eaton (ETN) at 12.18% and 3M (MMM) at 14.01% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ETN

Capital Goods industry group

12.18%

Max: 27.47%
ETN: 12.18%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

MMM

Capital Goods industry group

14.01%

Max: 27.47%
MMM: 14.01%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Eaton (ETN) vs. 3M (MMM): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

3M (MMM) at 23.69% operates in the top operating margin quartile, ahead of Eaton (ETN) at 17.85%, which runs around its industry’s norm.

ETN

Capital Goods industry group

17.85%

Max: 36.60%
Q3: 18.33%
ETN: 17.85%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

MMM

Capital Goods industry group

23.69%

Max: 36.60%
MMM: 23.69%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Eaton (ETN) vs. 3M (MMM): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
ROE (TTM)	19.55%	72.97%
ROA (TTM)	7.22%	8.22%
Net Margin (TTM)	12.18%	14.01%
Operating Margin (TTM)	17.85%	23.69%
Gross Margin (TTM)	35.16%	39.53%

Growth

Revenue Growth

Eaton (ETN) at 10.33% is around its peer norm for revenue growth, while 3M (MMM) at 1.52% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Eaton (ETN) vs. 3M (MMM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Eaton (ETN) at 10.00% and 3M (MMM) at -20.53% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Eaton (ETN) vs. 3M (MMM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
Revenue Growth (YoY)	10.33%	1.52%
Revenue Growth (3Y CAGR)	9.77%	-1.57%
EPS Growth (YoY)	10.00%	-20.53%
EPS Growth (3Y CAGR)	19.39%	-16.16%

Financial Strength

Current Ratio (MRQ)

Both Eaton (ETN) at 1.23 and 3M (MMM) at 1.41 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

ETN

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
ETN: 1.23
Min: 0.36

MMM

Capital Goods industry group

1.41

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
MMM: 1.41
Min: 0.36

Eaton (ETN) vs. 3M (MMM): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Eaton (ETN) at 1.00 is near its industry mid-range for debt-to-equity ratio, while 3M (MMM) at 3.04 sits above its benchmark range, pointing to a heavier debt load relative to equity.

ETN

Capital Goods industry group

1.00

Max: 2.33
Q3: 1.12
ETN: 1.00
Median: 0.60
Q1: 0.29
Min: 0.00

MMM

Capital Goods industry group

3.04

MMM: 3.04
Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Eaton (ETN) vs. 3M (MMM): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
Current Ratio (MRQ)	1.23	1.41
Debt / Equity (MRQ)	1.00	3.04
Net Debt / EBITDA	2.85	1.26

Dividends

Dividend Yield (TTM)

Both Eaton (ETN) at 1.33% and 3M (MMM) at 1.64% offer top-quartile dividend income relative to share price within their industries.

ETN

Capital Goods industry group

1.33%

Max: 2.66%
ETN: 1.33%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

MMM

Capital Goods industry group

1.64%

Max: 2.66%
MMM: 1.64%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Eaton (ETN) vs. 3M (MMM): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both Eaton (ETN) at 43.36% and 3M (MMM) at 45.82% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

ETN

Capital Goods industry group

43.36%

Max: 67.39%
ETN: 43.36%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

MMM

Capital Goods industry group

45.82%

Max: 67.39%
MMM: 45.82%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Eaton (ETN) vs. 3M (MMM): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
Dividend Yield (TTM)	1.33%	1.64%
Dividend Payout Ratio (TTM)	43.36%	45.82%

Valuation

P/E Ratio (TTM)

Both Eaton (ETN) at 34.14 and 3M (MMM) at 27.63 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

ETN

Capital Goods industry group

34.14

Max: 59.38
Q3: 35.92
ETN: 34.14
Median: 25.41
Q1: 19.47
Min: 3.03

MMM

Capital Goods industry group

27.63

Max: 59.38
Q3: 35.92
MMM: 27.63
Median: 25.41
Q1: 19.47
Min: 3.03

Eaton (ETN) vs. 3M (MMM): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both Eaton (ETN) at 4.15 and 3M (MMM) at 3.79 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

ETN

Capital Goods industry group

4.15

Max: 7.54
ETN: 4.15
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

MMM

Capital Goods industry group

3.79

Max: 7.54
MMM: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Eaton (ETN) vs. 3M (MMM): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Eaton (ETN) at 6.33 sits in the upper P/B ratio quartile, and 3M (MMM) at 23.18 prices even higher, above its industry range.

ETN

Capital Goods industry group

6.33

Max: 9.66
ETN: 6.33
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

MMM

Capital Goods industry group

23.18

MMM: 23.18
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Eaton (ETN) vs. 3M (MMM): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Eaton (ETN) and 3M (MMM)
Metric	ETN	MMM
P/E Ratio (TTM)	34.14	27.63
P/S Ratio (TTM)	4.15	3.79
P/B Ratio (MRQ)	6.33	23.18
Free Cash Flow Yield (TTM)	2.29%	6.66%