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MMM vs. TT: 3M vs. Trane Technologies Stock Comparison

How do 3M (MMM) and Trane Technologies (TT) 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

3M (MMM) and Trane Technologies (TT) both fall under the Capital Goods industry group, but MMM is classified in Industrial Conglomerates while TT is classified in Building Products.

Company profile comparison for 3M (MMM) and Trane Technologies (TT)
Profile ItemMMMTT
Name3M CompanyTrane Technologies plc
Country/RegionUnited StatesIreland
GICS SectorIndustrialsIndustrials
GICS Industry GroupCapital GoodsCapital Goods
GICS IndustryIndustrial ConglomeratesBuilding Products
GICS Sub-IndustryIndustrial ConglomeratesBuilding Products
Market Capitalization95.67 billion USD87.94 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 2, 1962March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MMM
TT
GSPC
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3M (MMM) vs. Trane Technologies (TT), 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 3M (MMM) and Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
Total Return (1Y)16.26%-2.56%
Total Return (3Y, Annualized)38.64%25.06%
Total Return (5Y, Annualized)8.14%18.70%

Risk Profile

Drawdown History

MMM
TT
GSPC
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3M (MMM) vs. Trane Technologies (TT), 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 3M (MMM) and Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
Volatility (1Y, Annualized)27.61%30.26%
Beta (5Y)0.971.18
Max Drawdown (5Y)-48.86%-39.76%
Avg. Volume (3M)3.14M1.24M

Risk-Adjusted Performance

Risk-Return Positioning

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MMM and TT 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 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
Sharpe Ratio (1Y)0.43-0.23
Sortino Ratio (1Y)0.70-0.31

Profitability

ROE (TTM)

Both companies show strong equity returns, but 3M (MMM) at 72.97% is the standout with ROE above its industry range; Trane Technologies (TT) at 36.94% also sits in the top quartile.

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%

TT

Capital Goods industry group

36.94%

Max
40.55%
TT
36.94%
Q3
19.29%
Median
12.12%
Q1
4.08%
Min
-17.12%
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3M (MMM) vs. Trane Technologies (TT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both 3M (MMM) at 14.01% and Trane Technologies (TT) at 13.56% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

TT

Capital Goods industry group

13.56%

Max
27.47%
TT
13.56%
Q3
12.10%
Median
6.30%
Q1
1.40%
Min
-12.89%
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3M (MMM) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both 3M (MMM) at 23.69% and Trane Technologies (TT) at 19.85% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

TT

Capital Goods industry group

19.85%

Max
36.60%
TT
19.85%
Q3
18.33%
Median
11.12%
Q1
5.14%
Min
-12.63%
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3M (MMM) vs. Trane Technologies (TT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
ROE (TTM)72.97%36.94%
ROA (TTM)8.22%11.42%
Net Margin (TTM)14.01%13.56%
Operating Margin (TTM)23.69%19.85%
Gross Margin (TTM)39.53%34.99%

Growth

Revenue Growth

Trane Technologies (TT) at 7.48% 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.

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3M (MMM) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both 3M (MMM) at -20.53% and Trane Technologies (TT) at 15.48% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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3M (MMM) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
Revenue Growth (YoY)1.52%7.48%
Revenue Growth (3Y CAGR)-1.57%10.06%
EPS Growth (YoY)-20.53%15.48%
EPS Growth (3Y CAGR)-16.16%20.17%

Financial Strength

Current Ratio (MRQ)

Both 3M (MMM) at 1.41 and Trane Technologies (TT) at 1.12 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

TT

Capital Goods industry group

1.12

Max
5.22
Q3
2.95
Median
2.08
Q1
1.43
TT
1.12
Min
0.36
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3M (MMM) vs. Trane Technologies (TT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Trane Technologies (TT) at 0.46 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.

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

TT

Capital Goods industry group

0.46

Max
2.33
Q3
1.12
Median
0.60
TT
0.46
Q1
0.29
Min
0.00
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3M (MMM) vs. Trane Technologies (TT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
Current Ratio (MRQ)1.411.12
Debt / Equity (MRQ)3.040.46
Net Debt / EBITDA1.260.66

Dividends

Dividend Yield (TTM)

3M (MMM) at 1.64% delivers top-quartile income for its industry, while Trane Technologies (TT) at 1.04% pays a more typical yield — both are credible income propositions, MMM the richer one.

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%

TT

Capital Goods industry group

1.04%

Max
2.66%
Q3
1.14%
TT
1.04%
Median
0.24%
Q1
0.00%
Min
0.00%
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3M (MMM) vs. Trane Technologies (TT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both 3M (MMM) at 45.82% and Trane Technologies (TT) at 28.42% pay out an above-typical share of earnings for their industries, leaving thinner cover if profits dip.

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%

TT

Capital Goods industry group

28.42%

Max
67.39%
TT
28.42%
Q3
28.02%
Median
6.86%
Q1
0.00%
Min
0.00%
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3M (MMM) vs. Trane Technologies (TT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
Dividend Yield (TTM)1.64%1.04%
Dividend Payout Ratio (TTM)45.82%28.42%

Valuation

P/E Ratio (TTM)

Both 3M (MMM) at 27.63 and Trane Technologies (TT) at 27.92 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

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

TT

Capital Goods industry group

27.92

Max
59.38
Q3
35.92
TT
27.92
Median
25.41
Q1
19.47
Min
3.03
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3M (MMM) vs. Trane Technologies (TT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both 3M (MMM) at 3.79 and Trane Technologies (TT) 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.

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

TT

Capital Goods industry group

3.79

Max
7.54
TT
3.79
Q3
3.76
Median
2.15
Q1
1.03
Min
0.03
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3M (MMM) vs. Trane Technologies (TT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Trane Technologies (TT) at 9.66 sits in the upper P/B ratio quartile, and 3M (MMM) at 23.18 prices even higher, above its industry range.

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

TT

Capital Goods industry group

9.66

TT
9.66
Max
9.66
Q3
5.00
Median
3.12
Q1
1.81
Min
-1.08
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3M (MMM) vs. Trane Technologies (TT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for 3M (MMM) and Trane Technologies (TT)
MetricMMMTT
P/E Ratio (TTM)27.6327.92
P/S Ratio (TTM)3.793.79
P/B Ratio (MRQ)23.189.66
Free Cash Flow Yield (TTM)6.66%3.94%