I'd say it's very neutral, which is very subjective, with a touch of velvet sound. The two M3 go together very very well and are great allrounders. They have good clarity and clean sound. DS treble and solid state treble are not bothersome with these and they are also not murky or dull. Treble is a hair zingy but you might not notice this unless you heard very high end DAC/AMP offerings in comparison. Detail and low level information is quite excellent for the price actually and I find it pretty hard to name a serious upgrade unless you look way north 1k $. Plenty of sidegrades with different sound though. The velvet sound makes them a hair polite sounding and they are neither forward sounding nor laid back. Soundstage is a bit flat but it's still ok, if you listen to a classical orchester with solo violin piece the violin is place clearly in front and rest of the orchester around it. It's just not a holographc soundstage that you might get out of a Mulibit /Vali 2 combo neither the very precise 3D image a RME ADI 2 DAC and Phonitor X can present. A good spdif source helps soundstage a bit, Modi is excellent with USB though.
The Schiit 3 stack wouldn't be my first choice if you're mainly listening to Jazz with lots of sax or horns, it still can be a bit fatiguing there.
I have all 4 of Schiits "small" offerings and mostly use Modi Multibit and Vali 2 (with Senns HD6xx series of headphones) as these have more "soul" which works nice for the Jazz stuff I prefer and it's also great for pop, rock and classic. They lack the clarity and tightness in bass the Schiit stack 3 has though which are better suited for lots of hiphop and plastic pop and sometimes metal etc.
Any combination of the two Modi DAC and the Magni 3 or Vali 2 can service you a long way in the journey for good music. I wouldn't put too much money on measurements.