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Medline vs 3M: MDLN and MMM compared
Medline is the larger company: $7.9B of revenue in its latest quarter (Q3 2026) against $6.6B for 3M (Q3 2026). Medline is growing faster (+10% against +1% a year earlier). 3M is more profitable, with an operating margin of 23.7% against 6.4%.
Where the money goes: MDLN and MMM
Medline (MDLN) · Q3 2026
Medline, Q3 2026: revenue $7.9B (+10% year over year), operating margin 6.4%, net earnings $198M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
3M (MMM) · Q3 2026
3M, Q3 2026: revenue $6.6B (+1% year over year), operating margin 23.7%, net earnings $1.4B, operating cash flow $486M. The chart follows the revenue to costs, profit and cash.
| Medline (MDLN) | 3M (MMM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $7.9B | $6.6B |
| Revenue growth, Y/Y | +10% | +1% |
| Gross margin | 24.5% | — |
| Operating margin | 6.4% | 23.7% |
| Net earnings | $198M | $1.4B |
| Net margin | 2.5% | 20.9% |
| Operating cash flow | $1.0B | $486M |
| Free cash flow | $884M | $230M |
| Market value | $52.3B | $98.1B |
| P/E | 59.7× | 28.0× |
| Analysts’ mean target | $44.81 | $194.51 |
Questions
Which is bigger, Medline or 3M?
Medline is the larger company: $7.9B of revenue in its latest quarter (Q3 2026) against $6.6B for 3M (Q3 2026).
Is Medline or 3M growing faster?
Medline is growing faster (+10% against +1% a year earlier).
Which is more profitable, Medline or 3M?
3M is more profitable, with an operating margin of 23.7% against 6.4%.
More: Medline earnings · how Medline makes money · 3M earnings · how 3M makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.