3M Financial Statements
NYSE: MMMHealth CareMedical/Dental InstrumentsUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
After hours: 161.05 +0.69%
3M revenue and earnings
In fiscal 2025, 3M generated $24.95 billion in revenue, up 1.5% from fiscal 2024. Net income was $3.25 billion (-22.1% year over year), for a net margin of 13.0% versus a median of 16.9% in the prior 5 years. Gross margin was 39.9% (down from 41.2%) and operating margin 18.6%.
Diluted earnings per share came in at $6.00, down from $7.55. Over the last 5 fiscal years, MMM's revenue has grown at a -5.0% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
3M income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24.95B | 24.57B | 24.61B | 26.16B | 35.35B | 32.18B | 32.14B | 32.77B | 31.66B | 30.11B |
| Revenue growth (YoY) | +1.52% | -0.14% | -5.93% | -26.00% | +9.85% | +0.15% | -1.92% | +3.50% | +5.14% | -0.55% |
| Cost of Revenue | 14.99B | 14.45B | 14.98B | 15.85B | 18.80B | 16.61B | 17.14B | 16.68B | 16.05B | 15.12B |
| Gross Profit | 9.96B | 10.13B | 9.63B | 10.31B | 16.56B | 15.58B | 15.00B | 16.08B | 15.60B | 14.99B |
| Operating Expenses | 5.33B | 5.31B | 20.32B | 5.94B | 9.19B | 8.42B | 8.83B | 8.88B | 7.91B | 7.96B |
| Research & Development | — | 700.00M | 700.00M | 800.00M | 1.20B | 1.10B | 1.25B | 1.25B | 1.35B | 1.25B |
| Selling, General & Admin | 4.00B | 4.22B | 19.20B | 7.23B | 7.20B | 6.93B | 7.03B | 7.60B | 6.63B | 6.31B |
| Operating Income | 4.63B | 4.82B | -10.69B | 4.37B | 7.37B | 7.16B | 6.17B | 7.21B | 7.69B | 7.03B |
| Interest Expense | 946.00M | 1.19B | 942.00M | 462.00M | 488.00M | 529.00M | 448.00M | 350.00M | 322.00M | 199.00M |
| Other Income (Expense) | -416.00M | -3.00M | -582.00M | -165.00M | -165.00M | -366.00M | -531.00M | -207.00M | -144.00M | 26.00M |
| Pretax Income | 4.21B | 4.82B | -11.27B | 4.20B | 7.20B | 6.79B | 5.71B | 7.00B | 7.55B | 7.05B |
| Income Tax | 1.00B | 804.00M | -2.87B | 188.00M | 1.28B | 1.34B | 1.11B | 1.64B | 2.68B | 2.00B |
| Net Income | 3.25B | 4.17B | -7.00B | 5.78B | 5.92B | 5.45B | 4.52B | 5.35B | 4.86B | 5.05B |
| Net Income growth (YoY) | -22.12% | — | -221.08% | -2.43% | +8.66% | +20.63% | -15.55% | +10.11% | -3.80% | +4.49% |
| EPS (Basic) | 6.05 | 7.58 | -12.63 | 10.21 | 10.23 | 9.43 | 7.83 | 9.09 | 8.13 | 8.35 |
| EPS (Diluted) | 6.00 | 7.55 | -12.63 | 10.18 | 10.12 | 9.36 | 7.72 | 8.89 | 7.93 | 8.16 |
| Shares Outstanding (Basic) | 537.40M | 550.80M | 553.90M | 566.00M | 579.00M | 577.60M | 577.00M | 588.50M | 597.50M | 604.70M |
| Shares Outstanding (Diluted) | 541.30M | 552.40M | 553.90M | 567.60M | 585.30M | 582.20M | 585.10M | 602.00M | 612.70M | 618.70M |
| EBITDA | 5.94B | 6.18B | -8.70B | 6.20B | 9.28B | 9.07B | 7.77B | 8.70B | 9.24B | 8.50B |
| Gross Margin | 39.91% | 41.21% | 39.12% | 39.40% | 46.84% | 48.41% | 46.68% | 49.09% | 49.28% | 49.79% |
| Operating Margin | 18.55% | 19.62% | -43.43% | 16.70% | 20.84% | 22.25% | 19.21% | 22.00% | 24.30% | 23.34% |
| Net Margin | 13.03% | 16.98% | -28.42% | 22.08% | 16.75% | 16.93% | 14.06% | 16.33% | 15.35% | 16.77% |
This table shows 10 annual periods of 3M's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MMM's reporting calendar. What is a income statement?