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3M Company (MMM) 10-Year Financial Performance & Capital Metrics

MMM • • Industrial / General
IndustrialsConglomeratesDiversified Industrial ConglomeratesBroad Industrial Technology
About3M Company operates as a diversified technology company worldwide. It operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles. The Transportation and Electronics segment provides ceramic solutions; attachment tapes, films, sound, and temperature management for transportation vehicles; premium large format graphic films for advertising and fleet signage; light management films and electronics assembly solutions; packaging and interconnection solutions; and reflective signage for highway, and vehicle safety. The Healthcare segment offers food safety indicator solutions; health care procedure coding and reimbursement software; skin, wound care, and infection prevention products and solutions; dentistry and orthodontia solutions; and filtration and purification systems. The Consumer segment provides consumer bandages, braces, supports and consumer respirators; cleaning products for the home; retail abrasives, paint accessories, car care DIY products, picture hanging, and consumer air quality solutions; and stationery products. It offers its products through e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers. The company was founded in 1902 and is based in St. Paul, Minnesota.Show more
  • Revenue $24.57B -0.1%
  • EBITDA $6.16B +12.3%
  • Net Income $4.17B +159.7%
  • EPS (Diluted) 7.55 +159.8%
  • Gross Margin 41.02% +5.4%
  • EBITDA Margin 25.05% +12.5%
  • Operating Margin 20.07% +22.0%
  • Net Margin 16.98% +159.7%
  • ROE 95.25% +233.7%
  • ROIC 26.57% +92.0%
  • Debt/Equity 3.51 +1.9%
  • Interest Coverage 4.17 -3.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 20.9%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓Healthy dividend yield of 2.1%
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗High debt to equity ratio of 3.5x
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Sales declining 5.2% over 5 years
  • ✗Expensive at 24.3x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.55%
5Y-5.22%
3Y-11.42%
TTM1.05%

Profit (Net Income) CAGR

10Y-1.7%
5Y-1.8%
3Y-11.01%
TTM-22.53%

EPS CAGR

10Y0.08%
5Y-0.67%
3Y-9.3%
TTM-20.86%

ROCE

10Y Avg20.24%
5Y Avg15.11%
3Y Avg12.5%
Latest15.43%

Peer Comparison

Broad Industrial Technology
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Size & Scale
Valuation
Per Share
Growth
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Quality & Returns
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TTM Growth
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Momentum & Returns
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Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HONHoneywell International Inc.136.51B215.0224.695.05%15.07%34.54%3.61%1.68
MMM3M Company90.89B171.1022.66-0.14%13.7%72.75%0.7%3.51
FBYDFalcon's Beyond Global, Inc. Class A Common Stock328.7M6.794.82-63.03%11.2%5.46%

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+30.27B30.11B31.66B32.77B32.14B32.18B35.35B34.23B24.61B24.57B
Revenue Growth %-0.05%-0.01%0.05%0.04%-0.02%0%0.1%-0.03%-0.28%-0%
Cost of Goods Sold+15.53B15.13B15.99B16.57B16.83B16.58B18.74B19.26B15.04B14.49B
COGS % of Revenue0.51%0.5%0.51%0.51%0.52%0.52%0.53%0.56%0.61%0.59%
Gross Profit+14.74B14.98B15.66B16.19B15.31B15.6B16.61B14.97B9.57B10.08B
Gross Margin %0.49%0.5%0.49%0.49%0.48%0.48%0.47%0.44%0.39%0.41%
Gross Profit Growth %-0.04%0.02%0.05%0.03%-0.05%0.02%0.06%-0.1%-0.36%0.05%
Operating Expenses+7.87B7.96B8.44B8.42B8.33B8.65B9.09B10.89B5.53B5.15B
OpEx % of Revenue0.26%0.26%0.27%0.26%0.26%0.27%0.26%0.32%0.22%0.21%
Selling, General & Admin6.12B6.22B6.57B6.6B6.46B6.78B7.11B9.04B4.4B4.08B
SG&A % of Revenue0.2%0.21%0.21%0.2%0.2%0.21%0.2%0.26%0.18%0.17%
Research & Development1.75B1.74B1.86B1.82B1.87B1.86B1.98B1.86B1.12B1.07B
R&D % of Revenue0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.05%0.05%0.04%
Other Operating Expenses0000000000
Operating Income+6.87B7.02B7.23B7.77B6.97B6.96B7.53B4.07B4.05B4.93B
Operating Margin %0.23%0.23%0.23%0.24%0.22%0.22%0.21%0.12%0.16%0.2%
Operating Income Growth %-0.03%0.02%0.03%0.08%-0.1%-0%0.08%-0.46%-0.01%0.22%
EBITDA+8.31B8.49B8.77B9.26B8.57B8.87B9.44B5.9B5.48B6.16B
EBITDA Margin %0.27%0.28%0.28%0.28%0.27%0.28%0.27%0.17%0.22%0.25%
EBITDA Growth %-0.03%0.02%0.03%0.06%-0.08%0.04%0.06%-0.37%-0.07%0.12%
D&A (Non-Cash Add-back)1.44B1.47B1.54B1.49B1.59B1.91B1.92B1.83B1.43B1.22B
EBIT7.05B7.26B7.63B7.24B6.14B7.35B7.66B6.89B-10.34B6B
Net Interest Income+-203M-178M-34M-170M-351M-524M-431M-431M-682M-730M
Interest Income26M29M50M70M80M29M26M67M250M452M
Interest Expense229M207M84M240M431M553M457M498M932M1.18B
Other Income/Expense-48M34M322M-774M-1.26B-167M-312M2.33B-15.3B-103M
Pretax Income+6.82B7.05B7.55B7B5.71B6.79B7.21B6.4B-11.25B4.83B
Pretax Margin %0.23%0.23%0.24%0.21%0.18%0.21%0.2%0.19%-0.46%0.2%
Income Tax+1.98B2B2.68B1.64B1.13B1.34B1.28B612M-2.87B804M
Effective Tax Rate %0.71%0.72%0.64%0.76%0.8%0.8%0.82%0.9%0.62%0.86%
Net Income+4.83B5.05B4.86B5.35B4.57B5.45B5.92B5.78B-7B4.17B
Net Margin %0.16%0.17%0.15%0.16%0.14%0.17%0.17%0.17%-0.28%0.17%
Net Income Growth %-0.02%0.04%-0.04%0.1%-0.15%0.19%0.09%-0.02%-2.21%1.6%
Net Income (Continuing)4.84B5.06B4.87B5.36B4.58B5.45B5.93B5.79B-8.39B4.02B
Discontinued Operations000000001.41B164M
Minority Interest39M45M59M52M63M64M71M48M61M52M
EPS (Diluted)+7.588.167.938.897.819.3610.1210.18-12.637.55
EPS Growth %0.01%0.08%-0.03%0.12%-0.12%0.2%0.08%0.01%-2.24%1.6%
EPS (Basic)7.738.358.139.097.929.4310.2310.21-12.637.58
Diluted Shares Outstanding637.2M618.7M612.7M602M585.1M582.2M585.3M567.6M553.9M552.4M
Basic Shares Outstanding625.6M604.7M597.5M588.5M577M577.6M579M566M553.9M550.8M
Dividend Payout Ratio0.53%0.53%0.58%0.6%0.73%0.62%0.58%0.58%-0.47%

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+10.99B11.73B14.28B13.71B12.97B14.98B15.4B14.69B16.38B15.88B
Cash & Short-Term Investments1.92B2.68B4.13B3.23B2.45B5.04B4.76B3.89B5.79B7.73B
Cash Only1.8B2.4B3.05B2.85B2.35B4.63B4.56B3.65B5.74B5.6B
Short-Term Investments118M280M1.08B380M98M404M201M238M50M2.13B
Accounts Receivable4.26B4.5B4.98B5.12B4.96B4.83B4.77B4.63B3.71B3.27B
Days Sales Outstanding51.3654.5657.4457.0756.3754.7849.2449.4355.0248.6
Inventory3.52B3.38B4.03B4.37B4.13B4.24B4.99B5.37B3.94B3.7B
Days Inventory Outstanding82.6781.6492.0596.1489.6693.3197.08101.7995.7393.12
Other Current Assets211M341M195M246M719M200M229M353M2.6B750M
Total Non-Current Assets+21.73B21.18B23.71B22.79B31.69B32.36B31.67B31.77B34.2B23.98B
Property, Plant & Equipment8.52B8.52B8.87B8.74B10.19B10.29B10.29B10.01B8.35B7.95B
Fixed Asset Turnover3.56x3.54x3.57x3.75x3.15x3.13x3.44x3.42x2.95x3.09x
Goodwill9.25B9.17B10.51B10.05B13.44B13.8B13.49B12.79B6.38B6.28B
Intangible Assets2.6B2.32B2.94B2.66B6.38B5.83B5.29B4.7B1.32B1.21B
Long-Term Investments126M128M150M188M196M214M262M967M210M2.5B
Other Non-Current Assets731M611M734M792M957M1.35B1.76B2.35B13.16B1.89B
Total Assets+32.72B32.91B37.99B36.5B44.66B47.34B47.07B46.45B50.58B39.87B
Asset Turnover0.93x0.92x0.83x0.90x0.72x0.68x0.75x0.74x0.49x0.62x
Asset Growth %0.05%0.01%0.15%-0.04%0.22%0.06%-0.01%-0.01%0.09%-0.21%
Total Current Liabilities+7.12B6.22B7.69B7.24B9.22B7.95B9.04B9.52B15.3B11.26B
Accounts Payable1.69B1.8B1.95B2.27B2.23B2.56B2.99B3.18B2.78B2.66B
Days Payables Outstanding39.8143.3744.3849.948.3256.3858.360.3167.3866.98
Short-Term Debt2.04B972M1.85B1.21B2.79B806M1.31B1.94B2.95B1.92B
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities1.23B1.22B1.4B1.33B1.78B1.83B1.6B1.68B7.61B4.67B
Current Ratio1.54x1.89x1.86x1.89x1.41x1.89x1.70x1.54x1.07x1.41x
Quick Ratio1.05x1.34x1.33x1.29x0.96x1.35x1.15x0.98x0.81x1.08x
Cash Conversion Cycle94.2292.84105.11103.3197.7191.7288.0290.983.3874.74
Total Non-Current Liabilities+13.85B16.34B18.68B19.41B25.31B26.46B22.92B22.16B30.41B24.72B
Long-Term Debt8.75B10.68B12.1B13.41B17.52B17.99B16.06B14B13.09B11.13B
Capital Lease Obligations46M45M60M75M718M702M684M655M524M452M
Deferred Tax Liabilities551M145M235M279M301M333M458M559M315M354M
Other Non-Current Liabilities4.93B5.46B6.25B5.64B6.77B7.44B5.72B6.95B16.49B12.79B
Total Liabilities20.97B22.56B26.36B26.65B34.53B34.41B31.95B31.68B45.71B35.97B
Total Debt+10.84B11.7B14.01B14.7B21.28B19.75B18.31B16.86B16.75B13.66B
Net Debt9.04B9.3B10.96B11.84B18.93B15.12B13.75B13.2B11.02B8.06B
Debt / Equity0.95x1.13x1.21x1.49x2.10x1.53x1.21x1.14x3.44x3.51x
Debt / EBITDA1.31x1.38x1.60x1.59x2.48x2.23x1.94x2.85x3.06x2.22x
Net Debt / EBITDA1.09x1.09x1.25x1.28x2.21x1.70x1.46x2.24x2.01x1.31x
Interest Coverage30.00x33.91x86.02x32.39x16.18x12.58x16.47x8.18x4.34x4.17x
Total Equity+11.47B10.34B11.62B9.85B10.13B12.93B15.12B14.77B4.87B3.89B
Equity Growth %-0.13%-0.1%0.12%-0.15%0.03%0.28%0.17%-0.02%-0.67%-0.2%
Book Value per Share18.0016.7218.9716.3617.3122.2125.8326.028.797.05
Total Shareholders' Equity11.43B10.3B11.56B9.8B10.06B12.87B15.05B14.72B4.81B3.84B
Common Stock9M9M9M9M9M9M9M9M9M9M
Retained Earnings36.58B37.91B39.12B40.64B42.13B43.76B45.82B47.95B37.48B36.8B
Treasury Stock-23.31B-25.43B-25.89B-29.63B-29.85B-29.4B-30.46B-33.26B-32.86B-34.46B
Accumulated OCI-6.36B-7.25B-7.03B-6.87B-8.14B-7.66B-6.75B-6.67B-6.78B-5.73B
Minority Interest39M45M59M52M63M64M71M48M61M52M

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+6.42B6.66B6.24B6.44B7.07B8.11B7.45B5.59B6.68B1.82B
Operating CF Margin %0.21%0.22%0.2%0.2%0.22%0.25%0.21%0.16%0.27%0.07%
Operating CF Growth %-0.03%0.04%-0.06%0.03%0.1%0.15%-0.08%-0.25%0.19%-0.73%
Net Income4.84B5.06B4.87B5.36B4.58B5.39B5.93B5.79B-7B4.19B
Depreciation & Amortization1.44B1.47B1.54B1.49B1.59B1.91B1.92B1.83B1.99B1.36B
Stock-Based Compensation276M298M324M302M278M262M274M263M274M289M
Deferred Taxes395M7M107M-57M-273M-165M-166M-663M-3.85B321M
Other Non-Cash Items263M-168M-963M-385M87M259M253M-961M14.95B881M
Working Capital Changes-790M-7M359M-272M803M458M-751M-670M317M-5.22B
Change in Receivables-58M-313M-245M-305M345M165M-122M-105M0114M
Change in Inventory3M57M-387M-509M370M-91M-903M-629M567M41M
Change in Payables9M148M24M408M-117M252M518M111M138M46M
Cash from Investing+-2.82B-1.4B-3.09B222M-6.44B-580M-1.32B-1.05B-1.21B-3.21B
Capital Expenditures-1.46B-1.42B-1.37B-1.58B-1.7B-1.5B-1.6B-1.75B-1.61B-1.18B
CapEx % of Revenue0.05%0.05%0.04%0.05%0.05%0.05%0.05%0.05%0.07%0.05%
Acquisitions----------
Investments----------
Other Investing910M-1.05B-1.31B2.1B195M138M31M201M154M54M
Cash from Financing+-3.65B-4.63B-2.65B-6.7B-1.12B-5.3B-6.14B-5.35B-3.15B1.1B
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-2.56B-2.68B-2.8B-3.19B-3.32B-3.39B-3.42B-3.37B-3.31B-1.98B
Share Repurchases----------
Other Financing669M762M613M429M350M-98M-20M321M243M-625M
Net Change in Cash----------
Free Cash Flow+4.96B5.24B4.87B4.86B5.37B6.61B5.85B3.84B5.07B638M
FCF Margin %0.16%0.17%0.15%0.15%0.17%0.21%0.17%0.11%0.21%0.03%
FCF Growth %-0.03%0.06%-0.07%-0%0.1%0.23%-0.12%-0.34%0.32%-0.87%
FCF per Share7.788.477.948.089.1811.3610.006.779.141.15
FCF Conversion (FCF/Net Income)1.33x1.32x1.28x1.20x1.55x1.49x1.26x0.97x-0.95x0.44x
Interest Paid134M194M199M314M370M524M472M440M520M505M
Taxes Paid2.33B1.89B1.6B1.56B1.2B1.35B1.7B1.32B1.38B852M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)39.28%46.31%44.23%49.83%45.76%47.27%42.22%38.66%-71.24%95.25%
Return on Invested Capital (ROIC)26.68%26.22%25.67%26.34%20.62%18.28%19.84%10.75%13.84%26.57%
Gross Margin48.7%49.74%49.47%49.41%47.63%48.48%46.99%43.72%38.9%41.02%
Net Margin15.96%16.77%15.35%16.33%14.22%16.93%16.75%16.88%-28.42%16.98%
Debt / Equity0.95x1.13x1.21x1.49x2.10x1.53x1.21x1.14x3.44x3.51x
Interest Coverage30.00x33.91x86.02x32.39x16.18x12.58x16.47x8.18x4.34x4.17x
FCF Conversion1.33x1.32x1.28x1.20x1.55x1.49x1.26x0.97x-0.95x0.44x
Revenue Growth-4.86%-0.55%5.14%3.5%-1.92%0.15%9.85%-3.18%-28.1%-0.14%

Revenue by Segment

2015201620172018201920202021202220232024
Safety And Industrial5.51B5.66B6.15B6.83B11.61B11.77B12.88B11.6B10.96B10.96B
Safety And Industrial Growth-2.63%8.62%11.04%70.02%1.38%9.46%-9.91%-5.58%0.05%
Transportation And Electronics5.22B4.83B5.16B5.47B9.6B8.83B9.77B8.9B8.5B8.38B
Transportation And Electronics Growth--7.55%6.90%6.07%75.48%-8.07%10.67%-8.88%-4.50%-1.42%
Consumer4.42B4.48B4.59B4.8B5.09B5.34B5.86B5.3B5.03B4.93B
Consumer Growth-1.36%2.39%4.51%6.11%4.85%9.75%-9.53%-5.13%-1.89%
Health Care5.42B5.53B5.81B6.02B7.43B8.35B9.05B8.42B8.2B-
Health Care Growth-1.97%5.17%3.58%23.42%12.30%8.45%-6.95%-2.68%-
Intersegment Elimination-632M-708M-964M-2.67B-1.7B-2.09B-2.2B---
Intersegment Elimination Growth--12.03%-36.16%-176.76%36.17%-22.72%-5.36%---
Industrial10.33B10.31B10.91B12.27B------
Industrial Growth--0.15%5.80%12.43%------

Revenue by Geography

2015201620172018201920202021202220232024
Americas-----16.52B18.1B18.4B18.38B13.4B
Americas Growth------9.51%1.67%-0.14%-27.05%
Asia Pacific9.04B8.85B9.81B10.25B9.8B9.57B10.6B9.9B8.46B6.99B
Asia Pacific Growth--2.15%10.87%4.54%-4.47%-2.32%10.77%-6.59%-14.52%-17.36%
E M E A6.23B6.16B6.46B6.65B6.23B6.11B6.66B5.93B5.84B4.18B
E M E A Growth--1.04%4.75%3.07%-6.43%-1.88%9.02%-10.99%-1.43%-28.53%
Other Unallocated Geographical----1M-10M-19M-2M---
Other Unallocated Geographical Growth-----900.00%-90.00%89.47%---
U [S]12.05B12.19B12.37B12.84B13.16B-----
U [S] Growth-1.15%1.51%3.78%2.48%-----
Latin America And Canada2.98B2.9B3.03B3.02B2.96B-----
Latin America And Canada Growth--2.72%4.55%-0.30%-1.95%-----

Frequently Asked Questions

Valuation & Price

3M Company (MMM) has a price-to-earnings (P/E) ratio of 22.7x. This is roughly in line with market averages.

Growth & Financials

3M Company (MMM) reported $24.82B in revenue for fiscal year 2024. This represents a 16% decrease from $29.61B in 2011.

3M Company (MMM) saw revenue decline by 0.1% over the past year.

Yes, 3M Company (MMM) is profitable, generating $3.40B in net income for fiscal year 2024 (17.0% net margin).

Dividend & Returns

Yes, 3M Company (MMM) pays a dividend with a yield of 2.10%. This makes it attractive for income-focused investors.

3M Company (MMM) has a return on equity (ROE) of 95.3%. This is excellent, indicating efficient use of shareholder capital.

3M Company (MMM) generated $111.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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