NYSE : MMM

3M Company — Financial statements

Industrials · Conglomerates · United States

Last price 177.36 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 91.65B

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Financial statements

3M Company (MMM) reported revenue of 25.25B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue25.25B24.95B24.57B24.61B26.16B35.35B
Cost of Revenue15.27B14.99B14.42B14.89B15.85B18.80B
Gross Profit9.98B9.96B10.16B9.72B10.31B16.56B
Selling, General & Admin3.70B4.08B4.91B18.79B5.70B6.81B
Research & Development1.21B1.17B1.07B1.12B1.16B1.99B
Operating Expenses4.91B5.25B5.98B19.92B6.86B8.81B
Operating Income5.07B4.71B4.18B-10.20B3.45B7.75B
Interest Expense-855.00M-946.00M-1.19B-941.00M-462.00M-488.00M
Interest & Investment Income184.00M232.00M452.00M250.00M65.00M26.00M
Earnings From Equity Investments5.00M52.00M9.00M18.00M11.00M10.00M
EBT Excluding Unusual Items4.41B4.05B3.45B-10.87B3.06B7.30B
Merger & Restructuring Charges-21.00M-21.00M-187.00M-415.00M-101.00M-88.00M
Impairment of Goodwill-271.00M
Gain (Loss) on Sale of Investments388.00M402.00M1.56B
Gain (Loss) on Sale of Assets-341.00M-162.00M36.00M2.72B
Legal Settlements-1.20B
Pretax Income4.43B4.26B4.83B-11.25B4.21B7.21B
Income Tax Expense850.00M1.00B804.00M-2.87B188.00M1.28B
Earnings From Continuing Operations3.58B3.26B4.02B-8.39B4.03B5.93B
Earnings From Discontinued Operations164.00M1.41B1.76B
Net Income to Company3.58B3.26B4.19B-6.98B5.79B5.93B
Minority Interest in Earnings-45.00M-12.00M-15.00M-16.00M-14.00M-8.00M
Net Income3.54B3.25B4.17B-7.00B5.78B5.92B
Net Income to Common3.54B3.25B4.17B-7.00B5.78B5.92B
Shares Outstanding (Basic)525.48M537.40M550.80M553.90M566.00M579.00M
Shares Outstanding (Diluted)529.15M541.30M552.40M553.90M567.60M585.30M
EPS (Basic)6.736.057.58-12.6310.2110.23
EPS (Diluted)6.686.007.56-12.6310.1810.12
Free Cash Flow2.68B1.40B638.00M5.07B3.84B5.85B
Free Cash Flow Per Share5.062.581.169.146.7710.00
Dividend Per Share3.072.923.616.005.965.92
Gross Margin39.53%39.91%41.34%39.48%39.40%46.84%
Operating Margin20.09%18.87%17.01%-41.45%13.18%21.93%
Profit Margin14.01%13.03%16.98%-28.42%22.08%16.75%
Free Cash Flow Margin10.60%5.60%2.60%20.58%14.69%16.55%
EBITDA6.50B6.02B5.41B-8.77B4.70B9.67B
EBITDA Margin25.74%24.11%21.99%-35.63%17.98%27.35%
D&A For EBITDA1.43B1.31B1.22B1.43B1.25B1.92B
EBIT5.07B4.71B4.18B-10.20B3.45B7.75B
EBIT Margin20.09%18.87%17.01%-41.45%13.18%21.93%
Effective Tax Rate19.18%23.52%16.65%4.46%17.81%
Advertising Expenses233.00M216.00M201.00M272.00M327.00M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents4.83B5.24B5.60B5.74B3.65B4.56B
Short-Term Investments2.56B2.70B2.13B50.00M238.00M201.00M
Cash & Short-Term Investments7.40B7.93B7.73B5.79B3.89B4.76B
Accounts Receivable4.12B3.53B3.19B3.60B4.53B4.66B
Other Receivables109.00M103.00M110.00M
Receivables4.12B3.53B3.19B3.71B4.63B4.77B
Inventory4.08B3.66B3.70B3.94B5.37B4.99B
Prepaid Expenses482.00M391.00M493.00M344.00M435.00M654.00M
Other Current Assets636.00M869.00M771.00M2.60B353.00M229.00M
Total Current Assets16.71B16.39B15.88B16.38B14.69B15.40B
Property, Plant & Equipment7.56B7.62B7.95B8.35B10.01B10.29B
Long-Term Investments210.00M967.00M262.00M
Goodwill7.34B6.42B6.28B6.38B12.79B13.49B
Other Intangible Assets2.05B1.10B1.21B1.32B4.70B5.29B
Long-Term Deferred Tax Assets3.53B3.83B4.15B4.78B959.00M581.00M
Other Long-Term Assets2.32B2.38B4.39B13.16B2.35B1.76B
Total Assets39.53B37.73B39.87B50.58B46.45B47.07B
Accounts Payable3.04B2.70B2.66B2.78B3.18B2.99B
Accrued Expenses3.42B2.04B3.32B1.75B1.99B2.37B
Short-Term Debt1.79B16.00M
Current Portion of Long-Term Debt2.44B1.67B1.92B1.15B1.94B1.29B
Current Portion of Leases153.00M167.00M163.00M192.00M261.00M270.00M
Current Income Taxes Payable304.00M259.00M260.00M
Current Unearned Revenue23.00M538.00M529.00M
Other Current Liabilities2.82B3.01B3.19B7.31B1.35B1.30B
Total Current Liabilities11.87B9.60B11.26B15.30B9.52B9.04B
Long-Term Debt12.56B10.93B11.21B13.09B14.10B16.06B
Long-Term Leases450.00M363.00M405.00M524.00M655.00M684.00M
Pension & Post-Retirement Benefits1.46B1.63B1.81B2.48B2.35B3.27B
Long-Term Deferred Tax Liabilities743.00M418.00M354.00M315.00M559.00M458.00M
Other Long-Term Liabilities7.31B10.05B10.94B14.01B4.49B2.45B
Total Liabilities34.39B32.99B35.97B45.71B31.68B31.95B
Common Stock9.00M9.00M9.00M9.00M9.00M9.00M
Additional Paid-In Capital7.57B7.44B7.23B6.96B6.69B6.43B
Retained Earnings39.59B38.26B36.80B37.48B47.95B45.82B
Treasury Stock-38.05B-35.94B-34.46B-32.86B-33.26B-30.46B
Comprehensive Income & Other-4.98B-5.07B-5.73B-6.78B-6.67B-6.75B
Total Common Equity4.13B4.70B3.84B4.81B14.72B15.05B
Minority Interest1.01B45.00M52.00M61.00M48.00M71.00M
Shareholders' Equity5.14B4.75B3.89B4.87B14.77B15.12B
Total Liabilities & Equity39.53B37.73B39.87B50.58B46.45B47.07B
Total Debt15.60B13.13B13.69B16.75B16.96B18.32B
Net Cash (Debt)-8.20B-5.20B-5.96B-10.97B-13.06B-13.55B
Net Cash Per Share-15.50-9.60-10.80-19.80-23.02-23.15
Filing Date Shares Outstanding516.73M526.70M542.90M552.70M550.50M571.10M
Total Common Shares Outstanding516.73M530.28M539.47M552.58M549.25M571.85M
Working Capital4.85B6.79B4.63B1.08B5.17B6.37B
Book Value Per Share7.998.877.128.7026.8026.31
Tangible Book Value-5.27B-2.82B-3.65B-2.90B-2.77B-3.73B
Tangible Book Value Per Share-10.20-5.32-6.76-5.24-5.04-6.52
Land202.00M200.00M215.00M255.00M312.00M
Buildings7.73B7.43B7.03B7.56B8.09B
Machinery15.33B14.78B14.72B16.45B17.30B
Construction In Progress663.00M994.00M1.53B1.73B1.51B

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income3.54B3.25B4.17B-7.00B5.78B5.92B
Depreciation & Amortization1.43B1.31B1.22B1.43B1.25B1.92B
Loss (Gain) From Sale of Assets341.00M162.00M-36.00M-2.72B
Asset Writedown & Restructuring Costs889.00M
Stock-Based Compensation210.00M225.00M289.00M274.00M263.00M274.00M
Other Operating Activities412.00M557.00M1.22B-3.85B-629.00M-132.00M
Change in Accounts Receivable-317.00M-211.00M114.00M-170.00M-105.00M-122.00M
Change in Inventory-113.00M139.00M41.00M567.00M-629.00M-903.00M
Change in Accounts Payable269.00M21.00M46.00M138.00M111.00M518.00M
Change in Income Taxes-47.00M-244.00M
Change in Other Net Operating Assets-2.14B-3.15B-5.42B14.76B854.00M227.00M
Operating Cash Flow3.63B2.31B1.82B6.68B5.59B7.45B
Capital Expenditures-952.00M-910.00M-1.18B-1.61B-1.75B-1.60B
Sale of Property, Plant & Equipment40.00M95.00M61.00M119.00M200.00M51.00M
Cash Acquisitions-1.91B
Divestitures-326.00M5.00M60.00M491.00M
Investment in Securities207.00M2.16B-2.08B194.00M11.00M204.00M
Other Investing Activities24.00M-3.00M-7.00M35.00M1.00M31.00M
Investing Cash Flow-2.92B1.35B-3.21B-1.21B-1.05B-1.32B
Short-Term Debt Issued205.00M340.00M
Long-Term Debt Issued1.10B8.37B2.83B1.00M1.00M
Total Debt Issued3.17B1.10B8.37B3.04B341.00M1.00M
Short-Term Debt Repaid-205.00M-2.00M
Long-Term Debt Repaid-1.81B-2.66B-3.09B-1.18B-1.14B
Total Debt Repaid-661.00M-1.81B-2.86B-3.09B-1.18B-1.15B
Net Debt Issued (Repaid)2.51B-716.00M5.51B-46.00M-838.00M-1.15B
Issuance of Common Stock1.04B1.56B92.00M264.00M381.00M639.00M
Repurchase of Common Stock-3.78B-3.25B-1.80B-33.00M-1.46B-2.20B
Common Dividends Paid-1.60B-1.56B-1.98B-3.31B-3.37B-3.42B
Other Financing Activities1.23B-49.00M-717.00M-21.00M-60.00M-20.00M
Financing Cash Flow-592.00M-4.02B1.10B-3.15B-5.35B-6.14B
Foreign Exchange Rate Adjustments41.00M-44.00M-48.00M-104.00M-62.00M
Miscellaneous Cash Flow Adjustments44.00M-46.00M
Net Cash Flow164.00M-365.00M-333.00M2.28B-909.00M-70.00M
Free Cash Flow2.68B1.40B638.00M5.07B3.84B5.85B
Free Cash Flow Margin10.60%5.60%2.60%20.58%14.69%16.55%
Free Cash Flow Per Share5.062.581.169.146.7710.00
Levered Free Cash Flow6.37B1.26B1.65B-1.84B1.34B5.02B
Unlevered Free Cash Flow6.91B1.85B2.40B-1.25B1.63B5.33B
Cash Interest Paid467.00M467.00M505.00M520.00M440.00M472.00M
Cash Income Tax Paid800.00M800.00M852.00M1.38B1.32B1.70B
Change in Working Capital-2.30B-3.20B-5.22B15.30B184.00M-524.00M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization90.09B85.05B70.30B60.38B69.10B102.36B
Enterprise Value98.29B93.09B76.92B72.14B82.22B115.70B
Last Close Price174.34157.87124.9485.5088.44125.67
PE Ratio26.0926.1716.8511.9617.29
Forward PE18.0619.0017.0411.2211.5917.96
PS Ratio3.573.412.862.452.642.90
PB Ratio21.8317.9218.0512.404.686.77
P/FCF Ratio33.6560.92110.1811.9217.9917.49
P/OCF Ratio24.8236.8838.659.0412.3613.73
PEG Ratio1.982.353.735.313.862.77
EV/Sales Ratio3.893.733.132.933.143.27
EV/EBITDA Ratio15.1315.4714.2317.4811.97
EV/EBIT Ratio19.3819.7718.4023.8414.92
EV/FCF Ratio36.7266.68120.5714.2421.4019.77
Debt / Equity Ratio3.042.773.523.441.151.21
Debt / EBITDA Ratio2.302.082.393.331.81
Debt / FCF Ratio5.839.4121.463.314.413.13
Net Debt / Equity Ratio1.601.091.532.250.880.90
Net Debt / EBITDA Ratio1.260.861.10-1.252.781.40
Net Debt / FCF Ratio3.063.729.352.173.402.32
Asset Turnover0.660.640.540.510.560.75
Inventory Turnover3.834.073.773.203.064.08
Quick Ratio0.971.200.970.620.901.05
Current Ratio1.411.711.411.071.541.71
Return on Equity (ROE)72.97%75.50%91.85%-85.41%26.95%42.28%
Return on Assets (ROA)8.22%7.58%5.78%-13.14%4.61%10.27%
Return on Invested Capital (ROIC)33.87%36.36%27.13%-46.72%11.66%22.63%
Return on Capital Employed (ROCE)18.30%16.70%14.60%-28.90%9.30%20.40%
Earnings Yield3.83%3.82%5.94%-11.58%8.36%5.78%
FCF Yield2.97%1.64%0.91%8.39%5.56%5.72%
Dividend Yield1.79%1.82%2.77%5.49%4.74%3.31%
Payout Ratio46.69%48.06%47.50%58.32%57.76%
Buyback Yield / Dilution2.57%2.01%0.27%2.41%3.02%-0.53%
Total Shareholder Return4.36%3.83%3.04%7.90%7.76%2.77%