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3M (MMM) Financials

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$154.06 -0.08 (-0.05%)
As of 05/20/2025 03:58 PM Eastern
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Annual Income Statements for 3M

Annual Income Statements for 3M

This table shows 3M's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders		 4,173 -6,995 5,777 5,921 5,449 4,517 5,349 4,858 5,050 4,833
Consolidated Net Income / (Loss)		 4,188 -6,979 5,791 5,929 5,453 4,529 5,363 4,869 5,058 4,841
Net Income / (Loss) Continuing Operations		 4,015 -8,404 4,016 5,919 5,458 4,529 5,363 4,869 5,058 4,841
Total Pre-Tax Income 		4,819 -11,271 4,204 7,204 6,795 5,643 7,000 7,548 7,053 6,823
Total Operating Income		 4,822 -10,689 4,369 7,369 7,161 6,174 7,207 7,692 7,027 6,946
Total Gross Profit		 10,128 9,627 10,308 16,560 15,579 15,000 16,083 15,602 14,991 14,891
Total Revenue		 24,575 24,610 26,161 35,355 32,184 32,136 32,765 31,657 30,109 30,274
Operating Revenue		 24,575 24,610 26,161 35,355 32,184 32,136 32,765 31,657 30,109 30,274
Total Cost of Revenue		 14,447 14,983 15,853 18,795 16,605 17,136 16,682 16,055 15,118 15,383
Operating Cost of Revenue		 14,447 14,983 15,853 18,795 16,605 17,136 16,682 16,055 15,118 15,383
Total Operating Expenses		 5,306 20,316 5,939 9,191 8,418 8,826 8,876 7,910 7,964 7,992
Selling, General & Admin Expense		 4,221 19,198 7,232 7,197 6,929 7,029 7,602 6,626 6,311 6,229
Research & Development Expense		 1,085 1,154 1,160 1,994 1,878 1,911 1,821 1,870 1,764 1,763
Impairment Charge		 0.00 0.00 271 0.00 0.00 - - - - -
Restructuring Charge		 0.00 -36 -2,724 0.00 - - - - - -47
Total Other Income / (Expense), net		 -3.00 -582 -165 -165 -366 -531 -207 -144 26 -123
Income Tax Expense		 804 -2,867 188 1,285 1,337 1,114 1,637 2,679 1,995 1,982
Net Income / (Loss) Discontinued Operations		 164 1,407 1,764 - - - - - - -
Other Adjustments to Consolidated Net Income / (Loss)		 9.00 18 11 10 - 0.00 - - - -
Net Income / (Loss) Attributable to Noncontrolling Interest		 15 16 14 8.00 4.00 12 14 11 8.00 8.00
Basic Earnings per Share		 $7.58 ($12.63) $10.21 $10.23 $9.43 $7.83 $9.09 $8.13 $8.35 $7.72
Weighted Average Basic Shares Outstanding		 550.80M 553.90M 566M 579M 577.60M 577M 588.50M 597.50M 604.70M 625.60M
Diluted Earnings per Share		 $7.55 ($12.63) $10.18 $10.12 $9.36 $7.72 $8.89 $7.93 $8.16 $7.58
Weighted Average Diluted Shares Outstanding		 552.40M 553.90M 567.60M 585.30M 582.20M 585.10M 602M 612.70M 618.70M 637.20M
Weighted Average Basic & Diluted Shares Outstanding		 542.90M 552.70M 550.50M 571.10M 579.10M 575.60M 588.50M 597.50M 604.70M 625.60M
Cash Dividends to Common per Share		 $3.61 $6.00 $5.96 $5.92 $5.88 $5.76 $5.44 $4.70 $4.44 $4.10

Quarterly Income Statements for 3M

This table shows 3M's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 1,116 728 1,372 1,145 928 945 -2,075 -6,841 976 541 3,859
Consolidated Net Income / (Loss)		 1,122 728 1,376 1,151 933 947 -2,071 -6,836 981 543 3,863
Net Income / (Loss) Continuing Operations		 1,120 503 1,373 1,207 932 311 -2,525 -7,169 979 -1,229 3,861
Total Pre-Tax Income 		1,385 451 1,721 1,410 1,237 272 -3,302 -9,430 1,189 -1,591 4,132
Total Operating Income		 1,246 733 1,316 1,272 1,501 524 -3,096 -9,358 1,241 -1,538 4,156
Total Gross Profit		 2,476 1,123 2,647 2,684 3,674 1,100 2,554 2,555 3,418 -1,195 3,891
Total Revenue		 5,954 4,023 6,294 6,255 8,003 4,026 6,270 6,283 8,031 11 8,619
Operating Revenue		 5,954 4,023 6,294 6,255 8,003 4,026 6,270 6,283 8,031 11 8,619
Total Cost of Revenue		 3,478 2,900 3,647 3,571 4,329 2,926 3,716 3,728 4,613 1,206 4,728
Operating Cost of Revenue		 3,478 2,900 3,647 3,571 4,329 2,926 3,716 3,728 4,613 1,206 4,728
Total Operating Expenses		 1,230 390 1,331 1,412 2,173 576 5,650 11,913 2,177 343 -265
Selling, General & Admin Expense		 945 291 1,062 1,132 1,736 459 5,419 11,615 1,705 329 1,998
Research & Development Expense		 285 99 269 280 437 117 267 298 472 -257 461
Total Other Income / (Expense), net		 139 -282 405 138 -264 -252 -206 -72 -52 -53 -24
Income Tax Expense		 265 -52 348 203 305 -39 -777 -2,261 210 -362 271
Net Income / (Loss) Discontinued Operations		 0.00 - 0.00 -59 - - 452 330 - - -
Other Adjustments to Consolidated Net Income / (Loss)		 2.00 2.00 3.00 3.00 1.00 11 2.00 3.00 2.00 8.00 2.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 6.00 - 4.00 6.00 5.00 2.00 4.00 5.00 5.00 2.00 4.00
Basic Earnings per Share		 $2.05 $1.32 $2.49 $2.07 $1.67 $1.71 ($3.74) ($12.35) $1.77 $0.96 $6.79
Weighted Average Basic Shares Outstanding		 543.80M 550.80M 550.60M 553.80M 555M 553.90M 554.30M 553.90M 552.70M 566M 568.80M
Diluted Earnings per Share		 $2.04 $1.32 $2.48 $2.07 $1.67 $1.71 ($3.74) ($12.35) $1.76 $0.96 $6.77
Weighted Average Diluted Shares Outstanding		 547.70M 552.40M 552.70M 554.80M 555.90M 553.90M 554.30M 553.90M 553.20M 567.60M 570M
Weighted Average Basic & Diluted Shares Outstanding		 538.18M 542.90M 544.56M 549.35M 553.36M 552.70M 552.32M 551.99M 551.67M 550.50M 552.74M
Cash Dividends to Common per Share		 $0.73 $0.70 $0.70 $0.70 $1.51 $1.49 $1.50 $1.50 $1.50 $1.45 $1.49

Annual Cash Flow Statements for 3M

This table details how cash moves in and out of 3M's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents		 -333 2,278 -909 -70 2,281 -500 -200 655 600 -99
Net Cash From Operating Activities		 1,819 6,680 5,591 7,454 8,113 7,070 6,439 6,240 6,662 6,420
Net Cash From Continuing Operating Activities		 1,819 6,680 5,591 7,454 8,113 7,019 6,439 6,240 6,662 6,420
Net Income / (Loss) Continuing Operations		 4,188 -6,979 5,791 5,929 5,453 4,529 5,363 4,869 5,058 4,841
Consolidated Net Income / (Loss)		 4,188 -6,979 5,791 5,929 5,453 4,529 5,363 4,869 5,058 4,841
Depreciation Expense		 1,363 1,987 1,831 1,915 1,911 1,593 1,488 1,544 1,474 1,435
Non-Cash Adjustments To Reconcile Net Income		 1,170 231 -1,552 300 45 494 -203 -895 54 364
Changes in Operating Assets and Liabilities, net		 -4,902 11,441 -479 -690 704 403 -209 722 76 -220
Net Cash From Investing Activities		 -3,206 -1,207 -1,046 -1,317 -580 -6,444 222 -3,086 -1,403 -2,817
Net Cash From Continuing Investing Activities		 -3,206 -1,207 -1,046 -1,317 -580 -6,444 222 -3,086 -1,403 -2,817
Purchase of Property, Plant & Equipment		 -1,181 -1,615 -1,749 -1,603 -1,501 -1,699 -1,577 -1,373 -1,420 -1,461
Acquisitions		 0.00 0.00 478 0.00 -25 -4,984 - -2,023 -16 -2,914
Purchase of Investments		 -4,153 -1,466 -1,250 -2,202 -1,579 -1,635 -1,828 -2,152 -1,410 -652
Sale of Property, Plant & Equipment		 61 119 200 51 128 123 262 49 58 33
Divestitures		 0.00 60 13 0.00 576 236 859 1,065 142 123
Sale and/or Maturity of Investments		 2,074 1,660 1,261 2,406 1,811 1,443 2,497 1,354 1,247 1,952
Other Investing Activities, net		 -7.00 35 1.00 31 10 72 9.00 -6.00 -4.00 102
Net Cash From Financing Activities		 1,098 -3,147 -5,350 -6,145 -5,300 -1,124 -6,701 -2,655 -4,626 -3,648
Net Cash From Continuing Financing Activities		 1,098 -3,147 -5,350 -6,145 -5,300 -1,124 -6,701 -2,655 -4,626 -3,648
Repayment of Debt		 -2,957 -2,902 -899 -1,166 -3,723 -3,229 -1,374 -1,083 -1,831 -60
Repurchase of Common Equity		 -1,801 -33 -1,464 -2,199 -368 -1,407 -4,870 -2,068 -3,753 -5,238
Payment of Dividends		 -2,603 -3,311 -3,369 -3,420 -3,388 -3,316 -3,193 -2,803 -2,678 -2,561
Issuance of Debt		 8,367 2,835 1.00 1.00 1,750 6,281 2,251 2,565 2,832 3,422
Issuance of Common Equity		 92 264 381 639 429 547 485 734 804 635
Effect of Exchange Rate Changes		 -44 -48 -104 -62 48 - -160 156 -33 -54

Quarterly Cash Flow Statements for 3M

This table details how cash moves in and out of 3M's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 726 -450 -4,033 -828 4,978 793 882 434 169 251 682
Net Cash From Operating Activities		 -79 1,818 -1,787 1,021 767 1,986 1,910 1,509 1,275 1,922 1,531
Net Cash From Continuing Operating Activities		 -79 1,818 -1,787 1,021 767 1,986 1,910 1,509 1,275 1,922 1,531
Net Income / (Loss) Continuing Operations		 1,122 728 1,376 1,151 933 947 -2,071 -6,836 981 543 3,863
Consolidated Net Income / (Loss)		 1,122 728 1,376 1,151 933 947 -2,071 -6,836 981 543 3,863
Depreciation Expense		 290 322 310 301 430 537 535 449 466 460 450
Non-Cash Adjustments To Reconcile Net Income		 131 91 67 977 35 17 20 49 145 924 -2,661
Changes in Operating Assets and Liabilities, net		 -1,622 677 -3,540 -1,408 -631 485 3,426 7,847 -317 -5.00 -121
Net Cash From Investing Activities		 1,220 -1,146 -1,204 -463 -393 -301 -287 -233 -386 -388 156
Net Cash From Continuing Investing Activities		 1,220 -1,146 -1,204 -463 -393 -301 -287 -233 -386 -388 156
Purchase of Property, Plant & Equipment		 -236 -291 -246 -269 -375 -358 -405 -377 -475 -506 -435
Purchase of Investments		 -156 -1,933 -1,277 -544 -399 -323 -368 -411 -364 -410 -322
Sale of Property, Plant & Equipment		 18 6.00 2.00 32 21 5.00 91 20 3.00 135 9.00
Sale and/or Maturity of Investments		 1,597 1,052 315 319 388 368 347 495 450 393 412
Other Investing Activities, net		 -3.00 20 2.00 -1.00 -28 7.00 -12 40 0.00 - 14
Net Cash From Financing Activities		 -422 -1,080 -1,085 -1,358 4,621 -924 -704 -803 -716 -1,315 -933
Net Cash From Continuing Financing Activities		 -422 -1,080 -1,085 -1,358 4,621 -924 -704 -803 -716 -1,315 -933
Repayment of Debt		 -756 -16 -26 -7.00 -2,908 -937 -805 -6.00 -1,154 -31 -11
Repurchase of Common Equity		 -1,274 -705 -675 -400 -21 -2.00 -2.00 - -29 -536 -155
Payment of Dividends		 -396 -383 -422 -963 -835 -828 -828 -828 -827 -819 -850
Issuance of Debt		 1,099 - - - 8,367 824 904 - 1,107 - -
Issuance of Common Equity		 905 24 38 12 18 19 27 31 187 71 83
Effect of Exchange Rate Changes		 7.00 -42 - - - - - - - 32 -72

Annual Balance Sheets for 3M

This table presents 3M's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets		 39,868 50,580 46,455 47,072 47,344 44,659 36,500 37,987 32,906 32,883
Total Current Assets		 15,884 16,379 14,688 15,403 14,982 12,971 13,709 14,277 11,726 10,986
Cash & Equivalents		 5,600 5,735 3,655 4,564 4,634 2,353 2,853 3,053 2,398 1,798
Short-Term Investments		 2,128 50 238 201 404 98 380 1,076 280 118
Accounts Receivable		 3,194 3,601 4,532 4,660 4,705 4,791 5,020 4,911 4,392 4,154
Inventories, net		 3,698 3,944 5,372 4,985 4,239 4,134 4,366 4,034 3,385 3,518
Prepaid Expenses		 436 344 435 654 675 704 741 937 821 -
Other Current Assets		 828 326 456 339 325 891 349 266 450 1,398
Other Current Nonoperating Assets		 0.00 2,379 - - - - - - - -
Plant, Property, & Equipment, net		 7,388 7,690 9,178 9,429 9,421 9,333 8,738 8,866 8,516 8,515
Plant, Property & Equipment, gross		 23,406 23,494 25,998 27,213 26,650 26,124 24,873 24,914 23,499 23,098
Accumulated Depreciation		 16,018 15,804 16,820 17,784 17,229 16,791 16,135 16,048 14,983 14,583
Total Noncurrent Assets		 16,596 26,511 22,589 22,240 22,941 22,355 14,053 14,844 12,664 13,382
Goodwill		 6,281 6,382 12,790 13,486 13,802 13,444 10,051 10,513 9,166 9,249
Intangible Assets		 1,210 1,323 4,699 5,288 5,835 6,379 2,657 2,936 2,320 2,601
Other Noncurrent Operating Assets		 9,105 7,463 5,100 3,466 3,304 2,532 1,345 1,395 1,178 1,218
Other Noncurrent Nonoperating Assets		 0.00 11,343 - - - - - - - -
Total Liabilities & Shareholders' Equity		 39,868 50,580 46,455 47,072 47,344 44,659 36,500 37,987 32,906 32,883
Total Liabilities		 35,974 45,712 31,685 31,955 34,413 34,533 26,652 26,365 22,563 21,415
Total Current Liabilities		 11,256 15,297 9,523 9,035 7,948 9,222 7,244 7,687 6,219 7,118
Short-Term Debt		 1,919 2,947 1,938 1,307 806 2,795 1,211 1,853 972 2,044
Accounts Payable		 2,660 2,776 3,183 2,994 2,561 2,228 2,266 1,945 1,798 1,694
Current Deferred & Payable Income Tax Liabilities		 331 304 259 260 300 194 243 310 299 332
Current Employee Benefit Liabilities		 712 695 692 1,020 747 702 749 870 678 644
Other Current Liabilities		 5,634 6,852 3,451 3,454 3,534 3,303 2,775 2,709 2,472 2,404
Other Current Nonoperating Liabilities		 0.00 1,723 - - - - - - - -
Total Noncurrent Liabilities		 24,718 30,415 22,162 22,920 26,465 25,311 19,408 18,678 16,344 14,297
Long-Term Debt		 11,125 13,088 14,001 16,056 17,989 17,518 13,411 12,096 10,678 8,753
Noncurrent Employee Benefit Liabilities		 1,813 2,156 1,966 2,870 4,405 3,911 2,987 3,620 4,018 3,520
Other Noncurrent Operating Liabilities		 11,780 14,485 6,195 3,994 4,071 3,882 3,010 2,962 1,648 2,024
Other Noncurrent Nonoperating Liabilities		 0.00 686 - - - - - - - -
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 3,894 4,868 14,770 15,117 12,931 10,126 9,848 11,622 10,343 11,468
Total Preferred & Common Equity		 3,842 4,807 14,722 15,046 12,867 10,063 9,796 11,563 10,298 11,429
Total Common Equity		 3,842 4,807 14,722 15,046 12,867 10,063 9,796 11,563 10,298 11,429
Common Stock		 7,238 6,965 6,700 6,438 6,171 5,916 5,652 5,361 5,070 4,800
Retained Earnings		 36,797 37,479 47,950 45,821 43,821 42,135 40,636 39,115 37,907 36,296
Treasury Stock		 -34,462 -32,859 -33,255 -30,463 -29,404 -29,849 -29,626 -25,887 - -
Accumulated Other Comprehensive Income / (Loss)		 -5,731 -6,778 -6,673 -6,750 -7,721 -8,139 -6,866 -7,026 -7,245 -6,359
Noncontrolling Interest		 52 61 48 71 64 63 52 59 45 39

Quarterly Balance Sheets for 3M

This table presents 3M's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets		 39,951 39,868 40,875 43,377 55,243 50,580 49,621 48,880 46,886 46,455 46,176
Total Current Assets		 15,657 15,884 16,299 19,515 21,613 16,379 16,198 15,754 14,963 14,688 14,895
Cash & Equivalents		 6,326 5,600 6,050 10,083 10,911 5,735 5,140 4,258 3,824 3,655 3,404
Short-Term Investments		 698 2,128 1,245 255 60 50 73 56 145 238 185
Accounts Receivable		 3,501 3,194 3,528 3,575 4,750 3,601 4,852 4,947 4,638 4,532 4,722
Inventories, net		 3,869 3,698 4,039 4,060 4,897 3,944 5,065 5,280 5,306 5,372 5,615
Prepaid Expenses		 485 436 470 444 655 344 578 674 558 435 467
Other Current Assets		 778 828 967 1,098 340 326 490 539 492 456 502
Plant, Property, & Equipment, net		 7,356 7,388 7,529 7,472 9,072 7,690 9,004 9,211 9,247 9,178 9,196
Plant, Property & Equipment, gross		 23,643 23,406 23,794 23,278 26,675 23,494 26,189 26,459 26,296 25,998 26,666
Accumulated Depreciation		 16,287 16,018 16,265 15,806 17,603 15,804 17,185 17,248 17,049 16,820 17,470
Total Noncurrent Assets		 16,938 16,596 17,047 16,390 24,558 26,511 24,419 23,915 22,676 22,589 22,085
Goodwill		 6,337 6,281 6,395 6,318 12,809 6,382 12,721 12,869 12,855 12,790 12,669
Intangible Assets		 1,185 1,210 1,242 1,266 4,105 1,323 4,324 4,470 4,585 4,699 4,815
Other Noncurrent Operating Assets		 9,416 9,105 9,410 8,806 7,644 7,463 7,374 6,576 5,236 5,100 4,601
Total Liabilities & Shareholders' Equity		 39,951 39,868 40,875 43,377 55,243 50,580 49,621 48,880 46,886 46,455 46,176
Total Liabilities		 35,428 35,974 36,181 39,389 50,310 45,712 44,890 41,023 31,535 31,685 32,020
Total Current Liabilities		 9,451 11,256 11,391 14,345 13,156 15,297 15,466 10,936 10,556 9,523 9,543
Short-Term Debt		 1,169 1,919 1,870 1,302 820 2,947 3,137 3,033 3,012 1,938 1,856
Accounts Payable		 2,756 2,660 2,689 2,813 3,372 2,776 3,104 3,231 3,130 3,183 3,063
Current Deferred & Payable Income Tax Liabilities		 359 331 473 407 383 304 220 172 268 259 270
Current Employee Benefit Liabilities		 451 712 703 602 607 695 905 785 604 692 717
Other Current Liabilities		 4,716 5,634 5,656 9,221 7,974 6,852 8,100 3,715 3,542 3,451 3,637
Total Noncurrent Liabilities		 25,977 24,718 24,790 25,044 37,154 30,415 29,424 30,087 20,979 22,162 22,477
Long-Term Debt		 12,307 11,125 11,319 11,781 20,593 13,088 12,876 12,954 12,948 14,001 13,849
Noncurrent Employee Benefit Liabilities		 1,804 1,813 1,716 1,717 2,320 2,156 1,846 1,912 1,956 1,966 2,502
Other Noncurrent Operating Liabilities		 11,866 11,780 11,755 11,546 14,241 14,485 14,702 15,221 6,075 6,195 6,126
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4,523 3,894 4,694 3,988 4,933 4,868 4,731 7,857 15,351 14,770 14,156
Total Preferred & Common Equity		 4,464 3,842 4,642 3,916 4,866 4,807 4,672 7,798 15,298 14,722 14,080
Total Common Equity		 4,464 3,842 4,642 3,916 4,866 4,807 4,672 7,798 15,298 14,722 14,080
Common Stock		 7,310 7,238 7,191 7,155 6,982 6,965 6,912 6,867 6,825 6,700 6,663
Retained Earnings		 37,432 36,797 36,459 35,475 37,472 37,479 37,375 40,290 47,966 47,950 48,245
Treasury Stock		 -34,747 -34,462 -33,784 -33,147 -32,762 -32,859 -32,889 -32,926 -32,963 -33,255 -32,843
Accumulated Other Comprehensive Income / (Loss)		 -5,531 -5,731 -5,224 -5,567 -6,826 -6,778 -6,726 -6,433 -6,530 -6,673 -7,985
Noncontrolling Interest		 59 52 52 72 67 61 59 59 53 48 76

Annual Metrics And Ratios for 3M

This table displays calculated financial ratios and metrics derived from 3M's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -0.14% -5.93% -26.00% 9.85% 0.15% -1.92% 3.50% 5.14% -0.55% -4.86%
EBITDA Growth		 171.08% -240.35% -33.22% 6.64% 20.32% -14.75% -6.64% 6.63% 3.26% -3.34%
EBIT Growth		 145.11% -344.66% -40.71% 8.45% 20.41% -19.39% -7.26% 7.02% 3.37% -4.37%
NOPAT Growth		 153.69% -279.28% -31.07% 5.26% 16.08% -10.26% 11.28% -1.54% 2.25% -2.90%
Net Income Growth		 160.01% -220.51% -2.33% 8.73% 20.40% -15.55% 10.15% -3.74% 4.48% -3.14%
EPS Growth		 159.78% -220.51% -2.33% 8.12% 21.24% -13.16% 12.11% -2.82% 7.65% 1.20%
Operating Cash Flow Growth		 -72.77% 19.48% -24.99% -8.12% 14.75% 9.80% 3.19% -6.33% 3.77% -3.11%
Free Cash Flow Firm Growth		 -108.94% 206.13% 0.90% -28.71% 492.69% -131.36% 102.00% -52.33% 393.45% -84.18%
Invested Capital Growth		 142.05% -85.81% -3.24% 3.85% -4.64% 31.79% -0.96% 11.01% -4.49% 22.56%
Revenue Q/Q Growth		 -24.73% -14.14% -24.74% 0.08% 1.49% 0.52% -0.14% 2.13% 0.10% -1.37%
EBITDA Q/Q Growth		 -20.21% -0.36% -34.05% 0.08% 7.71% -6.28% 0.83% 1.58% -0.21% -2.80%
EBIT Q/Q Growth		 -21.90% -1.02% -41.92% -0.03% 9.47% -9.28% 0.69% 2.39% -0.07% -4.01%
NOPAT Q/Q Growth		 -22.57% -1.02% -37.97% -2.03% 8.34% -6.32% 17.25% -8.39% -0.21% -2.59%
Net Income Q/Q Growth		 -4.97% 5.47% -12.10% -1.10% 9.85% -8.71% 18.15% -11.47% 2.37% -2.81%
EPS Q/Q Growth		 -5.27% 5.47% -12.10% -2.03% 9.86% -8.20% 18.69% -11.40% 2.77% -1.94%
Operating Cash Flow Q/Q Growth		 -8.46% 0.97% -1.46% -6.40% 2.23% 1.14% 6.59% -5.30% -2.83% 2.56%
Free Cash Flow Firm Q/Q Growth		 -113.69% 365.73% -31.62% -18.88% 814.70% -140.07% 70.06% -57.85% 17.96% -61.20%
Invested Capital Q/Q Growth		 -13.01% -75.50% 2.07% 2.79% -1.08% 24.71% -1.84% 5.67% -10.59% -6.35%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 41.21% 39.12% 39.40% 46.84% 48.41% 46.68% 49.09% 49.28% 49.79% 49.19%
EBITDA Margin		 25.17% -35.36% 23.70% 26.26% 27.05% 22.52% 25.91% 28.72% 28.32% 27.28%
Operating Margin		 19.62% -43.43% 16.70% 20.84% 22.25% 19.21% 22.00% 24.30% 23.34% 22.94%
EBIT Margin		 19.62% -43.43% 16.70% 20.84% 21.11% 17.56% 21.36% 23.84% 23.42% 22.54%
Profit (Net Income) Margin		 17.04% -28.36% 22.14% 16.77% 16.94% 14.09% 16.37% 15.38% 16.80% 15.99%
Tax Burden Percent		 86.91% 61.92% 137.75% 82.30% 80.25% 80.26% 76.61% 64.51% 71.71% 70.95%
Interest Burden Percent		 99.94% 105.44% 96.22% 97.76% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 16.68% 0.00% 4.47% 17.84% 19.68% 19.74% 23.39% 35.49% 28.29% 29.05%
Return on Invested Capital (ROIC)		 61.74% -48.87% 15.31% 22.26% 21.04% 20.13% 25.88% 24.35% 25.49% 26.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 69.75% -39.71% 28.43% 21.31% 19.15% 17.22% 24.38% 23.36% 25.70% 25.40%
Return on Net Nonoperating Assets (RNNOA)		 33.86% -22.21% 23.45% 20.02% 26.26% 25.22% 24.08% 19.99% 20.89% 12.50%
Return on Equity (ROE)		 95.59% -71.08% 38.75% 42.28% 47.30% 45.35% 49.96% 44.33% 46.38% 39.34%
Cash Return on Invested Capital (CROIC)		 -21.32% 101.43% 18.60% 18.48% 25.80% -7.30% 26.84% 13.91% 30.08% 6.56%
Operating Return on Assets (OROA)		 10.66% -22.03% 9.34% 15.61% 14.77% 13.91% 18.80% 21.29% 21.44% 21.29%
Return on Assets (ROA)		 9.26% -14.38% 12.38% 12.56% 11.85% 11.16% 14.40% 13.74% 15.38% 15.11%
Return on Common Equity (ROCE)		 94.36% -70.68% 38.60% 42.07% 47.04% 45.09% 49.70% 44.12% 46.20% 39.23%
Return on Equity Simple (ROE_SIMPLE)		 109.01% -145.18% 39.34% 39.41% 42.38% 45.01% 54.75% 42.11% 49.12% 42.36%
Net Operating Profit after Tax (NOPAT)		 4,017 -7,482 4,174 6,055 5,752 4,955 5,522 4,962 5,039 4,928
NOPAT Margin		 16.35% -30.40% 15.95% 17.13% 17.87% 15.42% 16.85% 15.67% 16.74% 16.28%
Net Nonoperating Expense Percent (NNEP)		 -8.02% -9.17% -13.13% 0.95% 1.89% 2.91% 1.50% 0.99% -0.21% 1.44%
Return On Investment Capital (ROIC_SIMPLE)		 23.72% -35.80% 13.59% - - - - - - -
Cost of Revenue to Revenue		 58.79% 60.88% 60.60% 53.16% 51.59% 53.32% 50.91% 50.72% 50.21% 50.81%
SG&A Expenses to Revenue		 17.18% 78.01% 27.64% 20.36% 21.53% 21.87% 23.20% 20.93% 20.96% 20.58%
R&D to Revenue		 4.42% 4.69% 4.43% 5.64% 5.84% 5.95% 5.56% 5.91% 5.86% 5.82%
Operating Expenses to Revenue		 21.59% 82.55% 22.70% 26.00% 26.16% 27.46% 27.09% 24.99% 26.45% 26.40%
Earnings before Interest and Taxes (EBIT)		 4,822 -10,689 4,369 7,369 6,795 5,643 7,000 7,548 7,053 6,823
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6,185 -8,702 6,200 9,284 8,706 7,236 8,488 9,092 8,527 8,258
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 18.30 12.14 4.10 5.98 6.68 8.28 9.00 9.38 7.89 5.98
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.86 2.37 2.31 2.54 2.67 2.59 2.69 3.43 2.70 2.26
Price to Earnings (P/E)		 16.85 0.00 10.46 15.20 15.76 18.45 16.48 22.34 16.08 14.14
Dividend Yield		 2.61% 5.68% 5.45% 3.79% 3.95% 3.98% 3.59% 2.58% 3.29% 3.70%
Earnings Yield		 5.94% 0.00% 9.56% 6.58% 6.34% 5.42% 6.07% 4.48% 6.22% 7.07%
Enterprise Value to Invested Capital (EV/IC)		 8.22 18.05 2.70 3.70 3.74 3.62 4.69 5.52 4.67 3.81
Enterprise Value to Revenue (EV/Rev)		 3.08 2.79 2.77 2.90 3.10 3.15 3.04 3.74 3.00 2.55
Enterprise Value to EBITDA (EV/EBITDA)		 12.23 0.00 11.69 11.06 11.45 13.99 11.73 13.02 10.58 9.34
Enterprise Value to EBIT (EV/EBIT)		 15.69 0.00 16.60 13.93 14.67 17.94 14.23 15.69 12.80 11.30
Enterprise Value to NOPAT (EV/NOPAT)		 18.83 0.00 17.37 16.95 17.34 20.43 18.04 23.86 17.91 15.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 41.60 10.28 12.97 13.77 12.29 14.32 15.47 18.97 13.55 12.01
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 4.42 14.29 20.42 14.14 0.00 17.39 41.76 15.17 63.98
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 3.35 3.29 1.08 1.15 1.45 2.01 1.48 1.20 1.13 0.94
Long-Term Debt to Equity		 2.86 2.69 0.95 1.06 1.39 1.73 1.36 1.04 1.03 0.76
Financial Leverage		 0.49 0.56 0.82 0.94 1.37 1.46 0.99 0.86 0.81 0.49
Leverage Ratio		 10.32 4.94 3.13 3.37 3.99 4.06 3.47 3.23 3.02 2.60
Compound Leverage Factor		 10.32 5.21 3.01 3.29 3.99 4.06 3.47 3.23 3.02 2.60
Debt to Total Capital		 77.01% 76.71% 51.90% 53.46% 59.24% 66.73% 59.75% 54.55% 52.97% 48.49%
Short-Term Debt to Total Capital		 11.33% 14.10% 6.31% 4.02% 2.54% 9.18% 4.95% 7.25% 4.42% 9.18%
Long-Term Debt to Total Capital		 65.68% 62.61% 45.59% 49.43% 56.70% 57.55% 54.81% 47.30% 48.55% 39.31%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.31% 0.29% 0.16% 0.22% 0.20% 0.21% 0.21% 0.23% 0.20% 0.18%
Common Equity to Total Capital		 22.68% 23.00% 47.94% 46.32% 40.56% 33.06% 40.03% 45.22% 46.82% 51.33%
Debt to EBITDA		 2.11 -1.84 2.57 1.87 2.16 2.81 1.72 1.53 1.37 1.31
Net Debt to EBITDA		 0.86 -1.18 1.94 1.36 1.58 2.47 1.34 1.08 1.05 1.06
Long-Term Debt to EBITDA		 1.80 -1.50 2.26 1.73 2.07 2.42 1.58 1.33 1.25 1.06
Debt to NOPAT		 3.25 -2.14 3.82 2.87 3.27 4.10 2.65 2.81 2.31 2.19
Net Debt to NOPAT		 1.32 -1.37 2.89 2.08 2.39 3.60 2.06 1.98 1.78 1.78
Long-Term Debt to NOPAT		 2.77 -1.75 3.35 2.65 3.13 3.54 2.43 2.44 2.12 1.78
Altman Z-Score		 3.62 1.62 3.60 4.48 4.13 4.01 5.29 5.61 5.60 5.21
Noncontrolling Interest Sharing Ratio		 1.29% 0.56% 0.40% 0.48% 0.55% 0.58% 0.52% 0.47% 0.39% 0.29%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 1.41 1.07 1.54 1.70 1.89 1.41 1.89 1.86 1.89 1.54
Quick Ratio		 0.97 0.61 0.88 1.04 1.23 0.79 1.14 1.18 1.14 0.85
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,388 15,529 5,073 5,028 7,052 -1,796 5,727 2,835 5,947 1,205
Operating Cash Flow to CapEx		 162.41% 446.52% 360.94% 480.28% 590.90% 448.60% 489.66% 471.30% 489.13% 449.58%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.54 0.51 0.56 0.75 0.70 0.79 0.88 0.89 0.92 0.94
Accounts Receivable Turnover		 7.23 6.05 5.69 7.55 6.78 6.55 6.60 6.81 7.05 7.22
Inventory Turnover		 3.78 3.22 3.06 4.08 3.97 4.03 3.97 4.33 4.38 4.26
Fixed Asset Turnover		 3.26 2.92 2.81 3.75 3.43 3.56 3.72 3.64 3.54 3.56
Accounts Payable Turnover		 5.32 5.03 5.13 6.77 6.93 7.63 7.92 8.58 8.66 8.79
Days Sales Outstanding (DSO)		 50.46 60.31 64.12 48.34 53.85 55.72 55.32 53.63 51.80 50.59
Days Inventory Outstanding (DIO)		 96.54 113.47 119.23 89.57 92.02 90.53 91.90 84.33 83.33 85.70
Days Payable Outstanding (DPO)		 68.67 72.58 71.11 53.94 52.63 47.86 46.07 42.55 42.15 41.54
Cash Conversion Cycle (CCC)		 78.33 101.20 112.24 83.97 93.24 98.38 101.14 95.42 92.98 94.76
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 9,210 3,805 26,816 27,715 26,688 27,988 21,237 21,442 19,315 20,223
Invested Capital Turnover		 3.78 1.61 0.96 1.30 1.18 1.31 1.54 1.55 1.52 1.65
Increase / (Decrease) in Invested Capital		 5,405 -23,011 -899 1,027 -1,300 6,751 -205 2,127 -908 3,723
Enterprise Value (EV)		 75,665 68,668 72,506 102,641 99,716 101,252 99,599 118,391 90,245 77,110
Market Capitalization		 70,297 58,357 60,412 89,972 85,895 83,327 88,158 108,512 81,228 68,316
Book Value per Share		 $7.06 $8.70 $26.63 $26.11 $22.31 $17.50 $16.82 $19.41 $17.12 $18.56
Tangible Book Value per Share		 ($6.70) ($5.25) ($5.01) ($6.47) ($11.74) ($16.97) ($5.00) ($3.17) ($1.98) ($0.68)
Total Capital		 16,938 20,903 30,709 32,480 31,726 30,439 24,470 25,571 21,993 22,265
Total Debt		 13,044 16,035 15,939 17,363 18,795 20,313 14,622 13,949 11,650 10,797
Total Long-Term Debt		 11,125 13,088 14,001 16,056 17,989 17,518 13,411 12,096 10,678 8,753
Net Debt		 5,316 10,250 12,046 12,598 13,757 17,862 11,389 9,820 8,972 8,755
Capital Expenditures (CapEx)		 1,120 1,496 1,549 1,552 1,373 1,576 1,315 1,324 1,362 1,428
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,181 -1,756 3,210 2,910 2,802 4,093 4,443 4,314 3,801 3,996
Debt-free Net Working Capital (DFNWC)		 6,547 4,029 7,103 7,675 7,840 6,544 7,676 8,443 6,479 5,912
Net Working Capital (NWC)		 4,628 1,082 5,165 6,368 7,034 3,749 6,465 6,590 5,507 3,868
Net Nonoperating Expense (NNE)		 -171 -503 -1,617 126 299 426 159 93 -19 87
Net Nonoperating Obligations (NNO)		 5,316 -1,063 12,046 12,598 13,757 17,862 11,389 9,820 8,972 8,755
Total Depreciation and Amortization (D&A)		 1,363 1,987 1,831 1,915 1,911 1,593 1,488 1,544 1,474 1,435
Debt-free, Cash-free Net Working Capital to Revenue		 -4.81% -7.14% 12.27% 8.23% 8.71% 12.74% 13.56% 13.63% 12.62% 13.20%
Debt-free Net Working Capital to Revenue		 26.64% 16.37% 27.15% 21.71% 24.36% 20.36% 23.43% 26.67% 21.52% 19.53%
Net Working Capital to Revenue		 18.83% 4.40% 19.74% 18.01% 21.86% 11.67% 19.73% 20.82% 18.29% 12.78%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $7.58 ($10.57) $8.55 $8.56 $7.80 $6.63 $7.61 $6.80 $6.99 $6.46
Adjusted Weighted Average Basic Shares Outstanding		 550.80M 661.75M 676.21M 691.74M 690.07M 689.35M 703.09M 713.84M 722.45M 747.42M
Adjusted Diluted Earnings per Share		 $7.55 ($10.57) $8.52 $8.47 $7.74 $6.54 $7.44 $6.64 $6.83 $6.34
Adjusted Weighted Average Diluted Shares Outstanding		 552.40M 661.75M 678.12M 699.27M 695.56M 699.03M 719.22M 732.00M 739.17M 761.27M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 542.90M 660.32M 657.69M 682.30M 691.86M 687.68M 687.92M 711.45M 712.29M 722.85M
Normalized Net Operating Profit after Tax (NOPAT)		 4,017 -7,508 1,830 6,055 5,752 4,955 5,522 4,962 5,039 4,895
Normalized NOPAT Margin		 16.35% -30.51% 7.00% 17.13% 17.87% 15.42% 16.85% 15.67% 16.74% 16.17%
Pre Tax Income Margin		 19.61% -45.80% 16.07% 20.38% 21.11% 17.56% 21.36% 23.84% 23.42% 22.54%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 62.15% -47.44% 58.18% 57.68% 62.13% 73.22% 59.54% 57.57% 52.95% 52.90%
Augmented Payout Ratio		 105.16% -47.92% 83.46% 94.77% 68.88% 104.28% 150.35% 100.04% 127.15% 161.10%

Quarterly Metrics And Ratios for 3M

This table displays calculated financial ratios and metrics derived from 3M's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.03% -0.07% 0.38% -0.45% -0.35% 36,500.00% -27.25% -27.80% -9.04% -99.87% -3.61%
EBITDA Growth		 -2.72% -0.57% 163.49% 119.05% 13.12% 198.42% -155.60% -1,670.10% -17.22% -150.78% 106.27%
EBIT Growth		 8.44% 39.89% 142.51% 114.95% 20.95% 134.07% -174.49% -8,672.73% -22.58% -195.17% 136.54%
NOPAT Growth		 14.90% 36.45% 148.44% 116.62% 10.68% 155.65% -155.81% -4,404.89% -23.28% -177.93% 166.30%
Net Income Growth		 20.26% -23.13% 166.44% 116.84% -4.89% 74.40% -153.61% -8,436.59% -24.71% -59.48% 168.82%
EPS Growth		 22.16% -22.81% 166.31% 116.76% -4.89% 74.40% -153.61% -8,436.59% -24.71% -59.48% 176.33%
Operating Cash Flow Growth		 -110.30% -8.46% -193.56% -32.34% -39.84% 3.33% 24.76% 33.90% 26.11% -4.14% -18.30%
Free Cash Flow Firm Growth		 -57.90% -119.43% -30.10% 1,251.55% 553.97% 13,393.99% 87.47% 233.39% 1,869.91% -150.11% 209.79%
Invested Capital Growth		 -28.62% 142.05% -31.83% -65.52% -43.77% -85.81% -40.88% -27.95% -3.46% -3.24% -2.56%
Revenue Q/Q Growth		 48.00% -36.08% 0.62% -21.84% -20.41% -35.79% -0.21% -21.77% -0.59% -99.87% -0.95%
EBITDA Q/Q Growth		 45.59% -35.12% -4.97% -11.39% -11.42% 141.43% 71.48% -626.13% 56.32% -123.40% 705.24%
EBIT Q/Q Growth		 69.99% -44.30% -6.67% -6.06% -8.64% 116.93% 67.17% -859.87% 96.36% -137.01% 3,678.18%
NOPAT Q/Q Growth		 23.25% -22.13% -3.58% -3.72% -23.50% 127.65% 66.92% -741.07% 80.42% -127.72% 2,452.09%
Net Income Q/Q Growth		 54.12% -47.09% 19.55% 23.37% -1.48% 145.73% 69.70% -796.84% 80.66% -85.94% 4,610.98%
EPS Q/Q Growth		 54.55% -46.77% 19.81% 23.95% -1.48% 145.73% 69.70% -796.84% 80.66% -85.94% 4,735.71%
Operating Cash Flow Q/Q Growth		 -104.35% 201.73% -275.02% 33.12% -61.38% 3.98% 26.57% 18.35% -33.66% 25.54% 35.85%
Free Cash Flow Firm Q/Q Growth		 217.88% -176.55% -56.84% 6.02% -46.52% 175.38% 734.51% -48.70% 36.68% -103.88% 1,384.08%
Invested Capital Q/Q Growth		 19.16% -13.01% 57.26% -56.21% 304.07% -75.50% -20.48% -28.57% 1.96% 2.07% -3.08%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 41.59% 27.91% 42.06% 42.91% 45.91% 27.32% 40.73% 40.67% 42.56% -10,863.64% 45.14%
EBITDA Margin		 25.80% 26.22% 25.83% 27.35% 24.13% 26.35% -40.85% -142.94% 21.26% -9,800.00% 53.44%
Operating Margin		 20.93% 18.22% 20.91% 20.34% 18.76% 13.02% -49.38% -148.94% 15.45% -13,981.82% 48.22%
EBIT Margin		 20.93% 18.22% 20.91% 22.54% 18.76% 13.02% -49.38% -150.09% 15.45% -13,981.82% 48.22%
Profit (Net Income) Margin		 18.84% 18.10% 21.86% 18.40% 11.66% 23.52% -33.03% -108.80% 12.22% 4,936.36% 44.82%
Tax Burden Percent		 81.01% 161.42% 79.95% 81.63% 75.42% 348.16% 62.72% 72.49% 82.51% -34.13% 93.49%
Interest Burden Percent		 111.16% 61.53% 130.78% 100.00% 82.41% 51.91% 106.65% 100.00% 95.81% 103.45% 99.42%
Effective Tax Rate		 19.13% -11.53% 20.22% 14.40% 24.66% -14.34% 0.00% 0.00% 17.66% 0.00% 6.56%
Return on Invested Capital (ROIC)		 31.49% 76.74% 41.70% 43.25% 21.60% 23.92% -47.40% -138.65% 15.28% -9,390.80% 58.84%
ROIC Less NNEP Spread (ROIC-NNEP)		 32.84% 72.53% 45.61% 44.11% 19.84% 30.26% -46.56% -140.94% 14.96% -9,377.66% 58.68%
Return on Net Nonoperating Assets (RNNOA)		 58.67% 35.21% 80.79% 53.69% 21.94% 16.92% -56.49% -162.35% 12.47% -7,732.56% 50.21%
Return on Equity (ROE)		 90.16% 111.95% 122.49% 96.94% 43.54% 40.84% -103.89% -301.00% 27.76% -17,123.36% 109.06%
Cash Return on Invested Capital (CROIC)		 64.72% -21.32% 77.58% 112.35% 26.97% 101.43% 15.95% 22.50% 23.66% 18.60% 27.87%
Operating Return on Assets (OROA)		 10.78% 9.90% 15.09% 15.94% 11.99% 6.60% -29.55% -98.49% 11.14% -7,821.88% 35.49%
Return on Assets (ROA)		 9.71% 9.83% 15.77% 13.01% 7.45% 11.93% -19.77% -71.40% 8.81% 2,761.56% 32.99%
Return on Common Equity (ROCE)		 88.96% 110.50% 121.05% 95.87% 43.29% 40.61% -103.15% -299.16% 27.64% -17,055.18% 108.50%
Return on Equity Simple (ROE_SIMPLE)		 98.05% 0.00% 94.94% 24.51% -144.41% 0.00% -158.03% -18.58% 35.75% 0.00% 46.79%
Net Operating Profit after Tax (NOPAT)		 1,008 818 1,050 1,089 1,131 599 -2,167 -6,551 1,022 -1,077 3,883
NOPAT Margin		 16.92% 20.32% 16.68% 17.41% 14.13% 14.88% -34.56% -104.26% 12.72% -9,787.27% 45.06%
Net Nonoperating Expense Percent (NNEP)		 -1.35% 4.21% -3.91% -0.86% 1.76% -6.33% -0.84% 2.29% 0.32% -13.14% 0.17%
Return On Investment Capital (ROIC_SIMPLE)		 5.60% 4.83% - - - 2.87% - - - -3.51% -
Cost of Revenue to Revenue		 58.41% 72.09% 57.94% 57.09% 54.09% 72.68% 59.27% 59.33% 57.44% 10,963.64% 54.86%
SG&A Expenses to Revenue		 15.87% 7.23% 16.87% 18.10% 21.69% 11.40% 86.43% 184.86% 21.23% 2,990.91% 23.18%
R&D to Revenue		 4.79% 2.46% 4.27% 4.48% 5.46% 2.91% 4.26% 4.74% 5.88% -2,336.36% 5.35%
Operating Expenses to Revenue		 20.66% 9.69% 21.15% 22.57% 27.15% 14.31% 90.11% 189.61% 27.11% 3,118.18% -3.07%
Earnings before Interest and Taxes (EBIT)		 1,246 733 1,316 1,410 1,501 524 -3,096 -9,430 1,241 -1,538 4,156
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,536 1,055 1,626 1,711 1,931 1,061 -2,561 -8,981 1,707 -1,078 4,606
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 17.86 18.30 16.18 14.36 11.89 12.14 10.58 6.67 3.51 4.10 4.05
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 3.25 2.86 2.30 1.72 1.77 2.37 1.72 1.68 1.61 2.31 1.64
Price to Earnings (P/E)		 18.28 16.85 17.11 59.64 0.00 0.00 0.00 0.00 9.85 10.46 8.67
Dividend Yield		 1.93% 2.61% 2.87% 4.40% 5.74% 5.68% 6.69% 6.34% 6.12% 5.45% 5.95%
Earnings Yield		 5.47% 5.94% 5.85% 1.68% 0.00% 0.00% 0.00% 0.00% 10.15% 9.56% 11.53%
Enterprise Value to Invested Capital (EV/IC)		 7.86 8.22 7.65 8.77 4.45 18.05 3.88 3.27 2.41 2.70 2.63
Enterprise Value to Revenue (EV/Rev)		 3.52 3.08 2.48 1.81 2.09 2.79 2.10 2.06 1.97 2.77 1.99
Enterprise Value to EBITDA (EV/EBITDA)		 14.04 12.23 10.45 16.57 0.00 0.00 0.00 0.00 8.24 11.69 7.36
Enterprise Value to EBIT (EV/EBIT)		 17.53 15.69 13.13 33.52 0.00 0.00 0.00 0.00 10.71 16.60 9.20
Enterprise Value to NOPAT (EV/NOPAT)		 20.90 18.83 15.62 30.20 0.00 0.00 0.00 0.00 11.73 17.37 10.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 88.63 41.60 40.79 10.39 11.08 10.28 9.11 10.23 11.23 12.97 12.20
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.11 0.00 8.00 4.00 11.87 4.42 18.08 12.15 9.99 14.29 9.33
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.98 3.35 2.81 3.28 4.34 3.29 3.38 2.03 1.04 1.08 1.11
Long-Term Debt to Equity		 2.72 2.86 2.41 2.95 4.17 2.69 2.72 1.65 0.84 0.95 0.98
Financial Leverage		 1.79 0.49 1.77 1.22 1.11 0.56 1.21 1.15 0.83 0.82 0.86
Leverage Ratio		 10.07 10.32 9.60 7.79 5.04 4.94 5.07 4.36 3.06 3.13 3.29
Compound Leverage Factor		 11.19 6.35 12.56 7.79 4.15 2.56 5.41 4.36 2.93 3.24 3.27
Debt to Total Capital		 74.87% 77.01% 73.75% 76.64% 81.28% 76.71% 77.19% 67.05% 50.97% 51.90% 52.59%
Short-Term Debt to Total Capital		 6.49% 11.33% 10.46% 7.63% 3.11% 14.10% 15.12% 12.72% 9.62% 6.31% 6.22%
Long-Term Debt to Total Capital		 68.38% 65.68% 63.29% 69.01% 78.16% 62.61% 62.07% 54.33% 41.35% 45.59% 46.38%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.33% 0.31% 0.29% 0.42% 0.25% 0.29% 0.28% 0.25% 0.17% 0.16% 0.25%
Common Equity to Total Capital		 24.80% 22.68% 25.96% 22.94% 18.47% 23.00% 22.52% 32.70% 48.86% 47.94% 47.15%
Debt to EBITDA		 2.19 2.11 1.70 3.67 -3.10 -1.84 -1.85 -10.63 2.00 2.57 1.67
Net Debt to EBITDA		 1.05 0.86 0.76 0.77 -1.51 -1.18 -1.25 -7.76 1.50 1.94 1.29
Long-Term Debt to EBITDA		 2.00 1.80 1.46 3.30 -2.98 -1.50 -1.48 -8.61 1.62 2.26 1.47
Debt to NOPAT		 3.27 3.25 2.54 6.69 -3.45 -2.14 -2.16 -6.86 2.85 3.82 2.33
Net Debt to NOPAT		 1.56 1.32 1.14 1.40 -1.68 -1.37 -1.46 -5.01 2.14 2.89 1.80
Long-Term Debt to NOPAT		 2.98 2.77 2.18 6.02 -3.32 -1.75 -1.74 -5.56 2.31 3.35 2.06
Altman Z-Score		 3.56 3.28 3.54 3.00 2.50 2.35 2.10 2.03 3.37 3.18 3.72
Noncontrolling Interest Sharing Ratio		 1.33% 1.29% 1.18% 1.11% 0.59% 0.56% 0.71% 0.61% 0.42% 0.40% 0.51%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.66 1.41 1.43 1.36 1.64 1.07 1.05 1.44 1.42 1.54 1.56
Quick Ratio		 1.11 0.97 0.95 0.97 1.20 0.61 0.65 0.85 0.82 0.88 0.87
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 5,408 -4,587 5,993 13,886 13,098 23,610 8,574 1,027 2,003 -178 4,573
Operating Cash Flow to CapEx		 -36.24% 637.89% -732.38% 430.80% 216.67% 562.61% 608.28% 422.69% 270.13% 518.06% 359.39%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.52 0.54 0.72 0.71 0.64 0.51 0.60 0.66 0.72 0.56 0.74
Accounts Receivable Turnover		 5.94 7.23 7.79 7.66 6.96 6.05 5.99 6.29 7.07 5.69 7.21
Inventory Turnover		 3.29 3.78 3.95 3.86 3.57 3.22 3.12 3.23 3.59 3.06 3.66
Fixed Asset Turnover		 2.98 3.26 3.95 3.91 3.56 2.92 3.15 3.35 3.59 2.81 3.75
Accounts Payable Turnover		 4.71 5.32 6.20 5.97 5.60 5.03 5.40 5.43 6.04 5.13 6.53
Days Sales Outstanding (DSO)		 61.43 50.46 46.84 47.67 52.47 60.31 60.96 58.03 51.60 64.12 50.60
Days Inventory Outstanding (DIO)		 110.79 96.54 92.47 94.51 102.35 113.47 117.12 112.94 101.68 119.23 99.67
Days Payable Outstanding (DPO)		 77.45 68.67 58.84 61.16 65.22 72.58 67.63 67.24 60.40 71.11 55.90
Cash Conversion Cycle (CCC)		 94.77 78.33 80.47 81.02 89.60 101.20 110.45 103.73 92.88 112.24 94.37
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 10,975 9,210 10,588 6,733 15,375 3,805 15,531 19,530 27,342 26,816 26,272
Invested Capital Turnover		 1.86 3.78 2.50 2.48 1.53 1.61 1.37 1.33 1.20 0.96 1.31
Increase / (Decrease) in Invested Capital		 -4,400 5,405 -4,943 -12,797 -11,967 -23,011 -10,741 -7,578 -981 -899 -690
Enterprise Value (EV)		 86,241 75,665 81,043 59,062 68,377 68,668 60,293 63,773 65,763 72,506 69,194
Market Capitalization		 79,730 70,297 75,097 56,245 57,868 58,357 49,434 52,041 53,719 60,412 57,002
Book Value per Share		 $8.22 $7.06 $8.45 $7.08 $8.77 $8.70 $8.46 $14.14 $27.79 $26.63 $24.72
Tangible Book Value per Share		 ($5.63) ($6.70) ($5.45) ($6.63) ($21.71) ($5.25) ($22.42) ($17.29) ($3.89) ($5.01) ($5.98)
Total Capital		 17,999 16,938 17,883 17,071 26,346 20,903 20,744 23,844 31,311 30,709 29,861
Total Debt		 13,476 13,044 13,189 13,083 21,413 16,035 16,013 15,987 15,960 15,939 15,705
Total Long-Term Debt		 12,307 11,125 11,319 11,781 20,593 13,088 12,876 12,954 12,948 14,001 13,849
Net Debt		 6,452 5,316 5,894 2,745 10,442 10,250 10,800 11,673 11,991 12,046 12,116
Capital Expenditures (CapEx)		 218 285 244 237 354 353 314 357 472 371 426
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 351 -1,181 -517 -3,866 -1,694 -1,756 -1,344 3,537 3,450 3,210 3,619
Debt-free Net Working Capital (DFNWC)		 7,375 6,547 6,778 6,472 9,277 4,029 3,869 7,851 7,419 7,103 7,208
Net Working Capital (NWC)		 6,206 4,628 4,908 5,170 8,457 1,082 732 4,818 4,407 5,165 5,352
Net Nonoperating Expense (NNE)		 -114 90 -326 -62 198 -348 -96 285 41 -1,620 20
Net Nonoperating Obligations (NNO)		 6,452 5,316 5,894 2,745 10,442 -1,063 10,800 11,673 11,991 12,046 12,116
Total Depreciation and Amortization (D&A)		 290 322 310 301 430 537 535 449 466 460 450
Debt-free, Cash-free Net Working Capital to Revenue		 1.43% -4.81% -1.58% -11.85% -5.19% -7.14% -4.69% 11.41% 10.32% 12.27% 10.41%
Debt-free Net Working Capital to Revenue		 30.09% 26.64% 20.76% 19.84% 28.41% 16.37% 13.50% 25.32% 22.19% 27.15% 20.74%
Net Working Capital to Revenue		 25.32% 18.83% 15.03% 15.85% 25.90% 4.40% 2.55% 15.54% 13.18% 19.74% 15.40%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.05 $1.32 $2.49 $2.07 $1.67 $1.43 ($3.13) ($10.34) $1.48 $0.80 $5.68
Adjusted Weighted Average Basic Shares Outstanding		 543.80M 550.80M 550.60M 553.80M 555M 661.75M 662.23M 661.75M 660.32M 676.21M 679.56M
Adjusted Diluted Earnings per Share		 $2.04 $1.32 $2.48 $2.07 $1.67 $1.43 ($3.13) ($10.34) $1.47 $0.80 $5.67
Adjusted Weighted Average Diluted Shares Outstanding		 547.70M 552.40M 552.70M 554.80M 555.90M 661.75M 662.23M 661.75M 660.92M 678.12M 680.99M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $1.32 $0.00 $0.00 $0.00 $1.43 $0.00 $0.00 $0.00 $0.80 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 538.18M 542.90M 544.56M 549.35M 553.36M 660.32M 659.86M 659.47M 659.09M 657.69M 660.37M
Normalized Net Operating Profit after Tax (NOPAT)		 1,008 513 1,050 1,089 1,131 367 -2,192 -6,551 1,022 -1,077 1,338
Normalized NOPAT Margin		 16.92% 12.75% 16.68% 17.41% 14.13% 9.11% -34.97% -104.26% 12.72% -9,787.27% 15.52%
Pre Tax Income Margin		 23.26% 11.21% 27.34% 22.54% 15.46% 6.76% -52.66% -150.09% 14.81% -14,463.64% 47.94%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 49.44% 62.15% 69.16% 359.79% -47.23% -47.44% -44.72% -229.40% 61.14% 58.18% 51.58%
Augmented Payout Ratio		 119.21% 105.16% 94.08% 404.06% -47.59% -47.92% -52.40% -279.09% 74.31% 83.46% 79.90%

Frequently Asked Questions About 3M's Financials

When does 3M's financial year end?

According to the most recent income statement we have on file, 3M's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has 3M's net income changed over the last 9 years?

3M's net income appears to be on a downward trend, with a most recent value of $4.19 billion in 2024, falling from $4.84 billion in 2015. The previous period was -$6.98 billion in 2023. See where experts think 3M is headed by visiting 3M's forecast page.

What is 3M's operating income?
3M's total operating income in 2024 was $4.82 billion, based on the following breakdown:
  • Total Gross Profit: $10.13 billion
  • Total Operating Expenses: $5.31 billion
How has 3M revenue changed over the last 9 years?

Over the last 9 years, 3M's total revenue changed from $30.27 billion in 2015 to $24.58 billion in 2024, a change of -18.8%.

How much debt does 3M have?

3M's total liabilities were at $35.97 billion at the end of 2024, a 21.3% decrease from 2023, and a 68.0% increase since 2015.

How much cash does 3M have?

In the past 9 years, 3M's cash and equivalents has ranged from $1.80 billion in 2015 to $5.74 billion in 2023, and is currently $5.60 billion as of their latest financial filing in 2024.

How has 3M's book value per share changed over the last 9 years?

Over the last 9 years, 3M's book value per share changed from 18.56 in 2015 to 7.06 in 2024, a change of -62.0%.


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This page (NYSE:MMM) was last updated on 5/21/2025 by MarketBeat.com Staff
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