3M Co (FRA:MMM) Gross Profit : €13,180 Mil (TTM As of Dec. 2023)

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What is 3M Co Gross Profit?

3M Co's gross profit for the three months ended in Dec. 2023 was €3,058 Mil. 3M Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was €13,180 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. 3M Co's gross profit for the three months ended in Dec. 2023 was €3,058 Mil. 3M Co's Revenue for the three months ended in Dec. 2023 was €7,348 Mil. Therefore, 3M Co's Gross Margin % for the quarter that ended in Dec. 2023 was 41.62%.

3M Co had a gross margin of 41.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of 3M Co was 49.79%. The lowest was 43.46%. And the median was 48.36%.

Warning Sign:

3M Co gross margin has been in long-term decline. The average rate of decline per year is -2.4%.

3M Co Gross Profit Historical Data

The historical data trend for 3M Co's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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3M Co Gross Profit Chart

3M Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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13,500.00

12,805.94

14,655.60

14,157.17

13,025.07

3M Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															3,298.34	3,192.41	3,432.64	3,496.88	3,058.20

Competitive Comparison of 3M Co's Gross Profit

For the Conglomerates subindustry, 3M Co's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

3M Co's Gross Profit Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, 3M Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where 3M Co's Gross Profit falls into.

3M Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

3M Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	29968.477	-	16943.409
	=	13,025

3M Co's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	7347.921	-	4289.726
	=	3,058

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €13,180 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

3M Co's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	3,058	/	7347.921
	=	41.62 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

3M Co (FRA:MMM) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

3M Co had a gross margin of 41.62% for the quarter that ended in Dec. 2023 => Durable competitive advantage

3M Co Gross Profit Related Terms

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3M Co (FRA:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (FRA:MMM) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

MMM:USA MMM:Mexico 1MMM:Italy MMMd:UK MMM:Germany MMM:Chile MMM:Switzerland MMMC34:Brazil MMM:Austria MMM:Argentina

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.