3M (MMM) Financials

$135.97 +3.00 (+2.26%)

Closing price 04/11/2025 03:59 PM Eastern

Extended Trading

$136.00 +0.03 (+0.02%)

As of 04/11/2025 07:54 PM Eastern

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

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

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

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	46,176	46,455	46,886	48,880	49,621	50,580	55,243	43,377	40,875	39,868
Total Current Assets	14,895	14,688	14,963	15,754	16,198	16,379	21,613	19,515	16,299	15,884
Cash & Equivalents	3,404	3,655	3,824	4,258	5,140	5,735	10,911	10,083	6,050	5,600
Short-Term Investments	185	238	145	56	73	50	60	255	1,245	2,128
Accounts Receivable	4,722	4,532	4,638	4,947	4,852	3,601	4,750	3,575	3,528	3,194
Inventories, net	5,615	5,372	5,306	5,280	5,065	3,944	4,897	4,060	4,039	3,698
Prepaid Expenses	467	435	558	674	578	344	655	444	470	436
Other Current Assets	502	456	492	539	490	326	340	1,098	967	828
Other Current Nonoperating Assets	-	-	-	-	-	2,379	-	0.00	0.00	0.00
Plant, Property, & Equipment, net	9,196	9,178	9,247	9,211	9,004	7,690	9,072	7,472	7,529	7,388
Plant, Property & Equipment, gross	26,666	25,998	26,296	26,459	26,189	23,494	26,675	23,278	23,794	23,406
Accumulated Depreciation	17,470	16,820	17,049	17,248	17,185	15,804	17,603	15,806	16,265	16,018
Total Noncurrent Assets	22,085	22,589	22,676	23,915	24,419	26,511	24,558	16,390	17,047	16,596
Goodwill	12,669	12,790	12,855	12,869	12,721	6,382	12,809	6,318	6,395	6,281
Intangible Assets	4,815	4,699	4,585	4,470	4,324	1,323	4,105	1,266	1,242	1,210
Other Noncurrent Operating Assets	4,601	5,100	5,236	6,576	7,374	7,463	7,644	8,806	9,410	9,105
Other Noncurrent Nonoperating Assets	-	-	-	-	-	11,343	-	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	46,176	46,455	46,886	48,880	49,621	50,580	55,243	43,377	40,875	39,868
Total Liabilities	32,020	31,685	31,535	41,023	44,890	45,712	50,310	39,389	36,181	35,974
Total Current Liabilities	9,543	9,523	10,556	10,936	15,466	15,297	13,156	14,345	11,391	11,256
Short-Term Debt	1,856	1,938	3,012	3,033	3,137	2,947	820	1,302	1,870	1,919
Accounts Payable	3,063	3,183	3,130	3,231	3,104	2,776	3,372	2,813	2,689	2,660
Current Deferred & Payable Income Tax Liabilities	270	259	268	172	220	304	383	407	473	331
Current Employee Benefit Liabilities	717	692	604	785	905	695	607	602	703	712
Other Current Liabilities	3,637	3,451	3,542	3,715	8,100	6,852	7,974	9,221	5,656	5,634
Other Current Nonoperating Liabilities	-	-	-	-	-	1,723	-	0.00	0.00	0.00
Total Noncurrent Liabilities	22,477	22,162	20,979	30,087	29,424	30,415	37,154	25,044	24,790	24,718
Long-Term Debt	13,849	14,001	12,948	12,954	12,876	13,088	20,593	11,781	11,319	11,125
Noncurrent Employee Benefit Liabilities	2,502	1,966	1,956	1,912	1,846	2,156	2,320	1,717	1,716	1,813
Other Noncurrent Operating Liabilities	6,126	6,195	6,075	15,221	14,702	14,485	14,241	11,546	11,755	11,780
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	686	-	0.00	0.00	0.00
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	14,156	14,770	15,351	7,857	4,731	4,868	4,933	3,988	4,694	3,894
Total Preferred & Common Equity	14,080	14,722	15,298	7,798	4,672	4,807	4,866	3,916	4,642	3,842
Total Common Equity	14,080	14,722	15,298	7,798	4,672	4,807	4,866	3,916	4,642	3,842
Common Stock	6,663	6,700	6,825	6,867	6,912	6,965	6,982	7,155	7,191	7,238
Retained Earnings	48,245	47,950	47,966	40,290	37,375	37,479	37,472	35,475	36,459	36,797
Treasury Stock	-32,843	-33,255	-32,963	-32,926	-32,889	-32,859	-32,762	-33,147	-33,784	-34,462
Accumulated Other Comprehensive Income / (Loss)	-7,985	-6,673	-6,530	-6,433	-6,726	-6,778	-6,826	-5,567	-5,224	-5,731
Noncontrolling Interest	76	48	53	59	59	61	67	72	52	52

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

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

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

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

Frequently Asked Questions About 3M's Financials

When does 3M's fiscal year end?

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

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 4/13/2025 by MarketBeat.com Staff

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3M (MMM) Financials

Frequently Asked Questions About 3M's Financials

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3M (MMM) Financials

Annual Income Statements for 3M

Quarterly Income Statements for 3M

Annual Cash Flow Statements for 3M

Quarterly Cash Flow Statements for 3M

Annual Balance Sheets for 3M

Quarterly Balance Sheets for 3M

Annual Metrics and Ratios for 3M

Quarterly Metrics and Ratios for 3M

Frequently Asked Questions About 3M's Financials

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