3M Company (MMM) quarterly income statement — complete revenue, gross profit & net income history
3M Company (MMM) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 6.58B | 6.5B | 6.03B | 6.13B | 6.52B | 6.34B | 5.95B | 6.01B | 6.29B | 6.25B | 6.02B | 6B | 6.27B | 6.28B | 8.03B | 8.08B | 8.62B | 8.7B | 8.83B | 8.61B |
| Revenue Growth % | 1.03% | 2.46% | 1.28% | 2.05% | 3.54% | 1.42% | -1.03% | 0.13% | 0.38% | -0.45% | -25.09% | -25.71% | -27.25% | -27.8% | -9.04% | -6.19% | -3.61% | -2.77% | -0.25% | 0.34% |
| Cost of Goods Sold | 3.8B | 3.82B | 3.57B | 4.08B | 3.79B | 3.69B | 3.52B | 3.74B | 3.65B | 3.6B | 3.51B | 3.78B | 3.76B | 3.73B | 4.64B | 4.67B | 4.72B | 5.06B | 4.82B | 4.69B |
| COGS % of Revenue | 57.73% | 58.72% | 59.27% | 66.44% | 58.19% | 58.24% | 59.09% | 62.2% | 58.01% | 57.54% | 58.29% | 63.03% | 59.95% | 59.29% | 57.75% | 57.77% | 54.73% | 58.19% | 54.54% | 54.47% |
| Gross Profit | 2.78B | 2.68B | 2.46B | 2.06B | 2.73B | 2.65B | 2.44B | 2.27B | 2.64B | 2.66B | 2.51B | 2.22B | 2.51B | 2.56B | 3.39B | 3.41B | 3.9B | 3.64B | 4.01B | 3.92B |
| Gross Margin % | 42.27% | 41.28% | 40.73% | 33.56% | 41.81% | 41.76% | 40.91% | 37.8% | 41.99% | 42.46% | 41.71% | 36.97% | 40.05% | 40.71% | 42.25% | 42.23% | 45.27% | 41.81% | 45.46% | 45.53% |
| Gross Profit Growth % | 2.13% | 1.28% | 0.82% | -9.42% | 3.1% | -0.26% | -2.91% | 2.39% | 5.26% | 3.83% | -26.05% | -34.96% | -35.65% | -29.69% | -15.47% | -12.98% | -5.06% | -14.42% | -7.4% | -6.42% |
| Operating Expenses | 1.23B | 1.7B | 1.06B | 1.26B | 1.12B | 1.55B | 1.22B | 1.18B | 1.31B | 1.38B | 1.28B | -2.97B | 5.63B | 1.46B | 2.14B | 2.59B | 2.46B | 3.5B | 2.34B | 2.28B |
| OpEx % of Revenue | 18.61% | 26.14% | 17.56% | 20.61% | 17.14% | 24.39% | 20.46% | 19.62% | 20.81% | 22.05% | 21.29% | -49.47% | 89.79% | 23.16% | 26.66% | 32.07% | 28.53% | 40.21% | 26.55% | 26.5% |
| Selling, General & Admin | 921M | 1.06B | 744M | 965M | 820M | 1.26B | 933M | 898M | 1.04B | 1.1B | 1.04B | -3.25B | 5.37B | 1.18B | 1.67B | 2.15B | 2B | 3.02B | 1.87B | 1.81B |
| SG&A % of Revenue | 13.99% | 16.32% | 12.34% | 15.73% | 12.58% | 19.85% | 15.67% | 14.94% | 16.59% | 17.59% | 17.24% | -54.23% | 85.58% | 18.7% | 20.83% | 26.56% | 23.18% | 34.74% | 21.18% | 21.02% |
| Research & Development | 304M | 302M | 308M | 299M | 297M | 288M | 285M | 281M | 266M | 279M | 244M | 286M | 264M | 280M | 468M | 445M | 461M | 476M | 474M | 472M |
| R&D % of Revenue | 4.62% | 4.65% | 5.11% | 4.88% | 4.56% | 4.54% | 4.79% | 4.68% | 4.23% | 4.46% | 4.06% | 4.77% | 4.21% | 4.46% | 5.83% | 5.51% | 5.35% | 5.47% | 5.37% | 5.48% |
| Other Operating Expenses | 0 | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.56B | 984M | 1.4B | 794M | 1.61B | 1.1B | 1.22B | 1.09B | 1.33B | 1.28B | 1.23B | 5.19B | -3.12B | 1.1B | 1.25B | 821M | 1.44B | 139M | 1.67B | 1.64B |
| Operating Margin % | 23.66% | 15.14% | 23.17% | 12.95% | 24.74% | 17.37% | 20.46% | 18.19% | 21.18% | 20.42% | 20.41% | 86.44% | -49.74% | 17.56% | 15.59% | 10.16% | 16.74% | 1.6% | 18.91% | 19.03% |
| Operating Income Growth % | -3.35% | -10.71% | 14.7% | -27.36% | 20.93% | -13.7% | -0.81% | -78.93% | 142.74% | 15.78% | -1.92% | 531.91% | -316.15% | 693.53% | -25.03% | -49.91% | -22.13% | -93.13% | -17.16% | -11.12% |
| EBITDA | 1.89B | 1.32B | 1.72B | 1.22B | 1.91B | 1.39B | 1.51B | 1.42B | 1.64B | 1.58B | 1.66B | 5.59B | -2.58B | 1.55B | 1.72B | 1.28B | 1.89B | 601M | 2.13B | 2.15B |
| EBITDA Margin % | 28.77% | 20.29% | 28.57% | 19.96% | 29.31% | 21.94% | 25.33% | 23.54% | 26.1% | 25.23% | 27.56% | 93.09% | -41.21% | 24.7% | 21.39% | 15.86% | 21.96% | 6.91% | 24.11% | 24.92% |
| EBITDA Growth % | -0.84% | -5.24% | 14.26% | -13.5% | 16.25% | -11.79% | -9.05% | -74.67% | 163.58% | 1.68% | -3.49% | 336.14% | -236.5% | 158.24% | -19.3% | -40.31% | -18.72% | -75.91% | -14.01% | -8.37% |
| D&A (Non-Cash Add-back) | 336M | 335M | 326M | 430M | 298M | 290M | 290M | 322M | 310M | 301M | 430M | 399M | 535M | 449M | 466M | 460M | 450M | 462M | 459M | 507M |
| EBIT | 1.67B | 1.12B | 1.14B | 758M | 1.38B | 1.16B | 1.64B | 1.01B | 2B | 1.73B | 1.27B | 1.02B | -3B | -9.25B | 1.32B | 752M | 4.21B | 185M | 1.74B | 1.68B |
| Net Interest Income | 0 | 0 | -165M | -165M | -186M | -185M | -174M | -157M | -167M | -173M | -229M | -277M | -232M | -134M | -91M | -124M | -65M | -114M | -128M | -104M |
| Interest Income | 0 | 0 | 49M | 57M | 46M | 50M | 79M | 92M | 107M | 143M | 110M | 90M | 72M | 47M | 40M | 31M | 17M | 11M | 8M | 8M |
| Interest Expense | 0 | 0 | 214M | 222M | 232M | 235M | 253M | 249M | 274M | 316M | 339M | 367M | 304M | 181M | 131M | 155M | 82M | 125M | 136M | 112M |
| Other Income/Expense | 112M | 136M | -519M | -36M | -463M | -132M | 169M | -332M | 391M | 136M | -298M | -4.53B | -181M | -10.53B | -61M | -216M | 2.69B | -80M | -65M | -72M |
| Pretax Income | 1.67B | 1.12B | 878M | 758M | 1.15B | 970M | 1.39B | 761M | 1.72B | 1.41B | 930M | 662M | -3.3B | -9.43B | 1.19B | 605M | 4.13B | 59M | 1.6B | 1.57B |
| Pretax Margin % | 25.36% | 17.23% | 14.56% | 12.36% | 17.63% | 15.29% | 23.3% | 12.66% | 27.39% | 22.59% | 15.46% | 11.03% | -52.63% | -150.04% | 14.83% | 7.49% | 47.96% | 0.68% | 18.18% | 18.2% |
| Income Tax | 261M | 183M | 221M | 185M | 308M | 245M | 265M | 33M | 348M | 203M | 220M | 26M | -777M | -2.26B | 210M | 62M | 271M | -23M | 302M | 227M |
| Effective Tax Rate % | 15.63% | 16.34% | 25.17% | 24.41% | 26.81% | 25.26% | 19.11% | 4.34% | 20.19% | 14.37% | 23.66% | 3.93% | 23.55% | 23.98% | 17.63% | 10.25% | 6.56% | -38.98% | 18.82% | 14.49% |
| Net Income | 1.37B | 933M | 653M | 577M | 834M | 723M | 1.12B | 728M | 1.37B | 1.15B | 928M | 945M | -2.08B | -6.84B | 976M | 541M | 3.86B | 78M | 1.3B | 1.34B |
| Net Margin % | 20.85% | 14.35% | 10.83% | 9.41% | 12.8% | 11.4% | 18.74% | 12.11% | 21.8% | 18.31% | 15.43% | 15.74% | -33.09% | -108.88% | 12.15% | 6.7% | 44.77% | 0.9% | 14.71% | 15.55% |
| Net Income Growth % | 64.63% | 29.05% | -41.49% | -20.74% | -39.21% | -36.86% | 20.26% | -22.96% | 166.12% | 116.74% | -4.92% | 74.68% | -153.77% | -8870.51% | -24.87% | -59.6% | 169.11% | -94.88% | -20.01% | -4.7% |
| Net Income (Continuing) | 1.41B | 937M | 657M | 573M | 841M | 725M | 1.12B | 728M | 1.38B | 1.21B | 710M | 636M | -2.52B | -7.17B | 981M | 543M | 3.86B | 82M | 1.3B | 1.34B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.01B | 53M | 48M | 45M | 47M | 61M | 59M | 52M | 52M | 72M | 67M | 61M | 59M | 59M | 53M | 48M | 76M | 74M | 74M | 71M |
| EPS (Diluted) | 2.63 | 1.78 | 1.23 | 1.07 | 1.55 | 1.34 | 2.04 | 1.33 | 2.48 | 2.06 | 1.67 | 1.70 | -3.74 | -12.35 | 1.76 | 0.98 | 6.77 | 0.14 | 2.26 | 2.31 |
| EPS Growth % | 69.68% | 32.84% | -39.71% | -19.55% | -37.5% | -34.95% | 22.16% | -21.76% | 166.31% | 116.68% | -5.11% | 73.47% | -155.24% | -8921.43% | -22.12% | -57.58% | 176.33% | -94.59% | -18.41% | -2.94% |
| EPS (Basic) | 2.65 | 1.79 | 1.23 | 1.08 | 1.56 | 1.35 | 2.05 | 1.34 | 2.49 | 2.07 | 1.67 | 1.70 | -3.74 | -12.35 | 1.77 | 0.98 | 6.78 | 0.14 | 2.27 | 2.33 |
| Diluted Shares Outstanding | 522.6M | 527.6M | 532.8M | 539M | 542.1M | 544.2M | 547.7M | 546.3M | 552.7M | 554.8M | 555.9M | 555.4M | 554.3M | 553.9M | 553.2M | 552.9M | 570M | 572.7M | 575M | 579.9M |
| Basic Shares Outstanding | 518.8M | 524.4M | 529.1M | 534.3M | 538.4M | 540.6M | 543.8M | 543.6M | 550.6M | 553.8M | 555M | 554.7M | 554.3M | 553.9M | 552.7M | 551.9M | 568.8M | 571M | 572.3M | 574.9M |
| Dividend Payout Ratio | 29.35% | - | 63.09% | 67.07% | 46.64% | 53.94% | 35.48% | 51.92% | 27.92% | 33.71% | 89.98% | 87.62% | - | - | 84.73% | 151.39% | 22.03% | 1087.18% | 65.59% | 63.33% |