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3M Company provides diversified technology services in the America, the Asia Pacific, Europe, the Middle East, Africa, and internationally. It operates through three segments: Safety and Industrial, Transportation and Electronics, and Consumer. The Safety and Industrial segment provides industrial abrasives and finishing for metalworking applications; autobody repair solutions; industrial specialty products, such as personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment and bonding, films, sound, and temperature management for transportation vehicles; format graphic films for advertising and fleet signage; reflective signage for highway and vehicle safety; light management films and electronics assembly solutions; chip packaging and interconnection solutions; semiconductor production materials; and data center solutions. The Consumer segment offers cleaning products for the home; consumer air quality products; picture hanging accessories; retail abrasives, paint accessories, and safety products; stationery and office products; automotive appearance products; and consumer bandages, tapes, braces, and supports. It serves automotive; commercial solutions; consumer markets; design and construction; electronics; energy; government; manufacturing; safety; transportation industries. The company offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, channel partner, and dealers, as well as directly to users. 3M Company was founded in 1902 and is headquartered in Saint Paul, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $24.9B | $6.5B | $3.3B | $1.4B | 69.1% | 1.5% | -22.1% |
| 2024 | $24.6B | $7.4B | $4.2B | $638M | 108.6% | -0.1% | -159.7% |
| 2023 | $24.6B | $-8.3B | $-7.0B | $5.1B | -145.5% | -5.9% | -221.1% |
| 2022 | $26.2B | $6.5B | $5.8B | $3.8B | 39.2% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 26,161 | 24,610 | 24,575 | 24,948 |
| Cost Of Revenue | - | 15,853 | 14,983 | 14,447 | 14,991 |
| Gross Profit | - | 10,308 | 9,627 | 10,128 | 9,957 |
| Operating Expense | - | 8,392 | 20,352 | 5,306 | 5,166 |
| Operating Income | - | 1,916 | -10,725 | 4,822 | 4,791 |
| EBITDA | - | 6,497 | -8,343 | 7,373 | 6,467 |
| EBIT | - | 4,666 | -10,330 | 6,010 | 5,159 |
| Pretax Income | - | 4,204 | -11,271 | 4,819 | 4,213 |
| Tax Provision | - | 188 | -2,867 | 804 | 1,003 |
| Net Income | - | 5,777 | -6,995 | 4,173 | 3,250 |
| Net Income Common Stockholders | - | 5,777 | -6,995 | 4,173 | 3,250 |
| Total Expenses | - | 24,245 | 35,335 | 19,753 | 20,157 |
| Interest Expense | - | 462 | 941 | 1,191 | 946 |
| Interest Income | - | 65 | 250 | 452 | 232 |
| Research And Development | - | 1,160 | 1,154 | 1,085 | 1,169 |
| Selling General And Administration | - | 7,232 | 19,198 | 4,221 | 3,997 |
| Normalized EBITDA | - | 4,044 | -8,379 | 5,809 | 6,227 |
| Normalized Income | - | 1,670.38 | -8,428.86 | 2,705.94 | 3,067.14 |
| Market Cap | 76,143.61 | 76,143.61 | 76,143.61 | 76,143.61 | 76,143.61 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| 3M Companythis co. | MMM | $78.4B | 23.43↓ discount | 16.19 | 69.1% | 12.91 |
| CSX Corporation | CSX | $84.4B | 29.21 | 6.41 | 22.0% | 16.38 |
| General Dynamics Corporation | GD | $84.2B | 20.15 | 3.31 | 16.4% | 14.35 |
| Emerson Electric Co. | EMR | $79.5B | 34.64 | 3.92 | 11.3% | 18.94 |
| Illinois Tool Works Inc. | ITW | $78.5B | 25.31 |
| - |
| - |
| - |
| - |
| 24.06 |
| 95.1% |
| 18.47 |
| TransDigm Group Incorporated | TDG | $74.2B | 31.26 | -6.69 | -21.4% | 20.15 |
| Norfolk Southern Corporation | NSC | $71.7B | 24.99 | 4.62 | 18.5% | 14.97 |
| Cintas Corporation | CTAS | $71.1B | 38.83 | 15.02 | 38.7% | 25.45 |
| PACCAR Inc | PCAR | $66.7B | 28.11 | 3.47 | 12.3% | 20.09 |
| Peer Median | - | 28.66 | 4.27 | 17.5% | 18.70 | |