Loading…
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 |
| Operating 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 |
| Research And Development | - | 1,160 | 1,154 | 1,085 | 1,169 |
| Selling General And Administration | - | 7,232 | 19,198 | 4,221 | 3,997 |
| Total Expenses | - | 24,245 | 35,335 | 19,753 | 20,157 |
| Operating Income | - | 1,916 | -10,725 | 4,822 | 4,791 |
| Total Operating Income As Reported | - | 4,369 | -10,689 | 4,822 | 4,629 |
| EBITDA | - | 6,497 | -8,343 | 7,373 | 6,467 |
| Normalized EBITDA | - | 4,044 | -8,379 | 5,809 | 6,227 |
| EBIT | - | 4,666 | -10,330 | 6,010 | 5,159 |
| Interest Income | - | 65 | 250 | 452 | 232 |
| Interest Expense | - | 462 | 941 | 1,191 | 946 |
| Net Interest Income | - | -397 | -691 | -739 | -714 |
| Other Non Operating Income Expenses | - | 232 | 109 | -828 | -104 |
| Other Income Expense | - | 2,685 | 145 | 736 | 136 |
| Interest Income Non Operating | - | 65 | 250 | 452 | 232 |
| Interest Expense Non Operating | - | 462 | 941 | 1,191 | 946 |
| Net Non Operating Interest Income Expense | - | -397 | -691 | -739 | -714 |
| Pretax Income | - | 4,204 | -11,271 | 4,819 | 4,213 |
| Tax Provision | - | 188 | -2,867 | 804 | 1,003 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 110.38 | 9.14 | 260.94 | 57.14 |
| Net Income Continuous Operations | - | 4,027 | -8,386 | 4,024 | 3,262 |
| Net Income From Continuing And Discontinued Operation | - | 5,777 | -6,995 | 4,173 | 3,250 |
| Net Income From Continuing Operation Net Minority Interest | - | 4,013 | -8,402 | 4,009 | 3,250 |
| Net Income | - | 5,777 | -6,995 | 4,173 | 3,250 |
| Net Income Common Stockholders | - | 5,777 | -6,995 | 4,173 | 3,250 |
| Net Income Including Noncontrolling Interests | - | 5,791 | -6,979 | 4,188 | 3,262 |
| Normalized Income | - | 1,670.38 | -8,428.86 | 2,705.94 | 3,067.14 |
| Diluted NI Availto Com Stockholders | - | 5,777 | -6,995 | 4,173 | 3,250 |
| Basic Average Shares | - | 566 | 553.90 | 550.80 | 537.40 |
| Diluted Average Shares | - | 567.60 | 553.90 | 552.40 | 541.30 |
| Reconciled Depreciation | - | 1,831 | 1,987 | 1,363 | 1,308 |
| Reconciled Cost Of Revenue | - | 15,853 | 14,983 | 14,447 | 14,991 |
| Total Unusual Items | - | 2,453 | 36 | 1,564 | 240 |
| Total Unusual Items Excluding Goodwill | - | 2,453 | 36 | 1,564 | 240 |
| Minority Interests | - | -14 | -16 | -15 | -12 |
| Net Income Discontinuous Operations | - | 1,764 | 1,407 | 164 | 0 |
| Earnings From Equity Interest Net Of Tax | - | 11 | 18 | 9 | 52 |
| Special Income Charges | - | 2,453 | 36 | 0 | -162 |
| Gain On Sale Of Business | - | 2,724 | 36 | 0 | -162 |
| Impairment Of Capital Assets | 0 | 271 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | - | - | - | - | -402 |
| Gain On Sale Of Security | - | - | - | 1,564 | 402 |
| General And Administrative Expense | 7,197 | 9,049 | 21,526 | - | - |
| Other Gand A | 7,197 | 9,049 | 21,526 | - | - |
| Salaries And Wages | -297 | -248 | -129 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| 3M Companythis co. | MMM | $79.7B | 24.52↓ discount | 16.95 | 69.1% | 13.46 |
| Johnson Controls International plc | JCI | $89.9B | 27.33 | 6.96 | 25.5% | 32.48 |
| Waste Management, Inc. | WM | $87.9B | 32.48 | 8.80 | 27.1% | 15.37 |
| CSX Corporation | CSX | $85.9B | 29.73 | 6.53 | 22.0% | 16.62 |
| Emerson Electric Co. | EMR | $79.6B | 34.70 |
| - |
| - |
| - |
| - |
| 3.92 |
| 11.3% |
| 18.97 |
| FedEx Corporation | FDX | $78.3B | 19.13 | 2.79 | 14.6% | 10.50 |
| Northrop Grumman Corporation | NOC | $77.4B | 18.52 | 4.64 | 25.1% | 12.50 |
| Illinois Tool Works Inc. | ITW | $72.2B | 23.56 | 22.40 | 95.1% | 17.32 |
| Cintas Corporation | CTAS | $72.0B | 39.73 | 15.37 | 38.7% | 26.02 |
| Peer Median | - | 28.53 | 6.74 | 25.3% | 16.97 | |