InsiderClue
Stocks · Health care · Surgical & Medical Instruments & Apparatus

3M

MMM Clue Score35
United States Fiscal year ends December CIK 0000066740
$159.96 -2.21% Close, 9 Oct 2026
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Price $159.96 −9.26% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue30.11Operating income7.03Net income5.05EPS, diluted8.16Fiscal year 2017Revenue31.66 +5.1%Operating income7.69Net income4.86 −3.8%EPS, diluted7.93 −2.8%Fiscal year 2018Revenue32.77 +3.5%Operating income7.21Net income5.35 +10.1%EPS, diluted8.89 +12.1%Fiscal year 2019Revenue32.14 −1.9%Operating income6.17Net income4.52 −15.6%EPS, diluted7.72 −13.2%Fiscal year 2020Revenue32.18 +0.1%Operating income7.16Net income5.45 +20.6%EPS, diluted9.36 +21.2%Fiscal year 2021Revenue35.36 +9.9%Operating income7.37Net income5.92 +8.7%EPS, diluted10.12 +8.1%Fiscal year 2022Revenue26.16 −26.0%Operating income4.37Net income5.78 −2.4%EPS, diluted10.18 +0.6%Fiscal year 2023Revenue24.61 −5.9%Operating income−10.69Net income−7.00 −221.1%EPS, diluted−12.63 −224.1%Fiscal year 2024Revenue24.58 −0.1%Operating income4.82Net income4.17EPS, diluted7.55Fiscal year 2025Revenue24.95 +1.5%Operating income4.63Net income3.25 −22.1%EPS, diluted6.00 −20.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 30.11 31.66 32.77 32.14 32.18 35.36 26.16 24.61 24.58 24.95
Growth +5.1% +3.5% −1.9% +0.1% +9.9% −26.0% −5.9% −0.1% +1.5%
Operating income 7.03 7.69 7.21 6.17 7.16 7.37 4.37 −10.69 4.82 4.63
Net income 5.05 4.86 5.35 4.52 5.45 5.92 5.78 −7.00 4.17 3.25
Growth −3.8% +10.1% −15.6% +20.6% +8.7% −2.4% −221.1% −22.1%
EPS, diluted 8.16 7.93 8.89 7.72 9.36 10.12 10.18 −12.63 7.55 6.00
Growth −2.8% +12.1% −13.2% +21.2% +8.1% +0.6% −224.1% −20.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin23.3%Net margin16.8%Free cash flow margin17.4%Fiscal year 2017Operating margin24.3%Net margin15.3%Free cash flow margin15.4%Fiscal year 2018Operating margin22.0%Net margin16.3%Free cash flow margin14.8%Fiscal year 2019Operating margin19.2%Net margin14.1%Free cash flow margin16.7%Fiscal year 2020Operating margin22.3%Net margin16.9%Free cash flow margin20.5%Fiscal year 2021Operating margin20.8%Net margin16.7%Free cash flow margin16.5%Fiscal year 2022Operating margin16.7%Net margin22.1%Free cash flow margin14.7%Fiscal year 2023Operating margin−43.4%Net margin−28.4%Free cash flow margin20.6%Fiscal year 2024Operating margin19.6%Net margin17.0%Free cash flow margin2.6%Fiscal year 2025Operating margin18.6%Net margin13.0%Free cash flow margin5.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 23.3% 24.3% 22.0% 19.2% 22.3% 20.8% 16.7% −43.4% 19.6% 18.6%
Net margin 16.8% 15.3% 16.3% 14.1% 16.9% 16.7% 22.1% −28.4% 17.0% 13.0%
Free cash flow margin 17.4% 15.4% 14.8% 16.7% 20.5% 16.5% 14.7% 20.6% 2.6% 5.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow6.66Capital expenditure−1.42Free cash flow5.24Buybacks−3.75Dividends paid−2.68Fiscal year 2017Operating cash flow6.24Capital expenditure−1.37Free cash flow4.87 −7.2%Buybacks−2.07Dividends paid−2.80Fiscal year 2018Operating cash flow6.44Capital expenditure−1.58Free cash flow4.86 −0.1%Buybacks−4.87Dividends paid−3.19Fiscal year 2019Operating cash flow7.07Capital expenditure−1.70Free cash flow5.37 +10.5%Buybacks−1.41Dividends paid−3.32Fiscal year 2020Operating cash flow8.11Capital expenditure−1.50Free cash flow6.61 +23.1%Buybacks−0.37Dividends paid−3.39Fiscal year 2021Operating cash flow7.45Capital expenditure−1.60Free cash flow5.85 −11.5%Buybacks−2.20Dividends paid−3.42Fiscal year 2022Operating cash flow5.59Capital expenditure−1.75Free cash flow3.84 −34.3%Buybacks−1.46Dividends paid−3.37Fiscal year 2023Operating cash flow6.68Capital expenditure−1.62Free cash flow5.07 +31.8%Buybacks−0.03Dividends paid−3.31Fiscal year 2024Operating cash flow1.82Capital expenditure−1.18Free cash flow0.64 −87.4%Buybacks−1.80Dividends paid−1.98Fiscal year 2025Operating cash flow2.31Capital expenditure−0.91Free cash flow1.40 +118.8%Buybacks−3.25Dividends paid−1.56
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 6.66 6.24 6.44 7.07 8.11 7.45 5.59 6.68 1.82 2.31
Capital expenditure −1.42 −1.37 −1.58 −1.70 −1.50 −1.60 −1.75 −1.62 −1.18 −0.91
Free cash flow 5.24 4.87 4.86 5.37 6.61 5.85 3.84 5.07 0.64 1.40
Growth −7.2% −0.1% +10.5% +23.1% −11.5% −34.3% +31.8% −87.4% +118.8%
Buybacks −3.75 −2.07 −4.87 −1.41 −0.37 −2.20 −1.46 −0.03 −1.80 −3.25
Dividends paid −2.68 −2.80 −3.19 −3.32 −3.39 −3.42 −3.37 −3.31 −1.98 −1.56

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash2.40Total debt10.68Net cash (debt)−8.28Shareholders’ equity10.30Debt to equity1.04Fiscal year 2017Cash3.05Total debt12.10Net cash (debt)−9.04Shareholders’ equity11.56Debt to equity1.05Fiscal year 2018Cash2.85Total debt13.41Net cash (debt)−10.56Shareholders’ equity9.80Debt to equity1.37Fiscal year 2019Total debt17.52Shareholders’ equity10.06Debt to equity1.74Fiscal year 2020Cash4.63Total debt18.78Net cash (debt)−14.15Shareholders’ equity12.87Debt to equity1.46Fiscal year 2021Cash4.56Total debt17.35Net cash (debt)−12.78Shareholders’ equity15.05Debt to equity1.15Fiscal year 2022Cash3.66Total debt15.94Net cash (debt)−12.28Shareholders’ equity14.72Debt to equity1.08Fiscal year 2023Cash5.93Total debt14.24Net cash (debt)−8.31Shareholders’ equity4.81Debt to equity2.96Fiscal year 2024Cash5.60Total debt13.04Net cash (debt)−7.44Shareholders’ equity3.84Debt to equity3.40Fiscal year 2025Cash5.24Total debt12.60Net cash (debt)−7.37Shareholders’ equity4.70Debt to equity2.68
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 2.40 3.05 2.85 n/a 4.63 4.56 3.66 5.93 5.60 5.24
Total debt 10.68 12.10 13.41 17.52 18.78 17.35 15.94 14.24 13.04 12.60
Net cash (debt) −8.28 −9.04 −10.56 n/a −14.15 −12.78 −12.28 −8.31 −7.44 −7.37
Shareholders’ equity 10.30 11.56 9.80 10.06 12.87 15.05 14.72 4.81 3.84 4.70
Debt to equity 1.04 1.05 1.37 1.74 1.46 1.15 1.08 2.96 3.40 2.68

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
30.11 31.66 32.77 32.14 32.18 35.36 26.16 24.61 24.58 24.95
Growth +5.1% +3.5% −1.9% +0.1% +9.9% −26.0% −5.9% −0.1% +1.5%
15.12 16.06 16.68 17.14 16.61 18.80 15.85 14.98 14.45 14.99
1.25 1.35 1.25 1.25 1.10 1.20 0.80 0.70 0.70 n/a
6.31 6.63 7.60 7.03 6.93 7.20 7.23 19.20 4.22 4.00
7.03 7.69 7.21 6.17 7.16 7.37 4.37 −10.69 4.82 4.63
Growth +9.5% −6.3% −14.3% +16.0% +2.9% −40.7% −344.7% −4.0%
7.05 7.55 7.00 5.71 6.80 7.20 4.20 −11.27 4.82 4.21
2.00 2.68 1.64 1.11 1.34 1.29 0.19 −2.87 0.80 1.00
5.05 4.86 5.35 4.52 5.45 5.92 5.78 −7.00 4.17 3.25
Growth −3.8% +10.1% −15.6% +20.6% +8.7% −2.4% −221.1% −22.1%
Per share
8.35 8.13 9.09 7.83 9.43 10.23 10.21 −12.63 7.58 6.05
8.16 7.93 8.89 7.72 9.36 10.12 10.18 −12.63 7.55 6.00
Growth −2.8% +12.1% −13.2% +21.2% +8.1% +0.6% −224.1% −20.5%
604.7 597.5 588.5 577.0 577.6 579.0 566.0 553.9 550.8 537.4
618.7 612.7 602.0 585.1 582.2 585.3 567.6 553.9 552.4 541.3
Growth −1.0% −1.7% −2.8% −0.5% +0.5% −3.0% −2.4% −0.3% −2.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 5.0% a year over five years, and earnings per share fell 8.5% a year.
  • The diluted share count fell 7.0% in five years, so buybacks did some of the work per share.
  • Operating margin is down 3.7 points on five years ago, at 18.6%.
  • A net loss in 1 of 10 years on file.