3M Co (NYSE:MMM) Net Margin %

: 6.70% (As of Dec. 2022)

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Net margin is calculated as Net Income divided by its Revenue. 3M Co's Net Income for the three months ended in Dec. 2022 was $541 Mil. 3M Co's Revenue for the three months ended in Dec. 2022 was $8,079 Mil. Therefore, 3M Co's net margin for the quarter that ended in Dec. 2022 was 6.70%.

The historical rank and industry rank for 3M Co's Net Margin % or its related term are showing as below:

MMM' s Net Margin % Range Over the Past 10 Years
Min: 14.06 Med: 16.15 Max: 16.93
Current: 16.88

MMM's Net Margin % is ranked better than
85% of 500 companies
in the Conglomerates industry
Industry Median: 3.83 vs MMM: 16.88

3M Co Net Margin % Historical Data

The historical data trend for 3M Co's Net Margin % 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.

* Premium members only.

3M Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Net Margin %

16.33

14.06

16.93

16.75

16.88

3M Co Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Net Margin %																15.55	14.71	0.90	44.77	6.70

Competitive Comparison

For the Conglomerates subindustry, 3M Co's Net Margin %, along with its competitors' market caps and Net Margin % 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.

Annual Data Quarterly Data

3M Co Net Margin % Distribution

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

* The bar in red indicates where 3M Co's Net Margin % falls in comparison to its industry or sector. The grey bar indicates the Net Margin %'s extreme value range as defined by GuruFocus.

3M Co Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

3M Co's Net Margin for the fiscal year that ended in Dec. 2022 is calculated as

Net Margin	=	Net Income (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	5777	/	34229
	=	16.88 %

3M Co's Net Margin for the quarter that ended in Dec. 2022 is calculated as

Net Margin	=	Net Income (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	541	/	8079
	=	6.70 %

3M Co (NYSE:MMM) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

3M Co Net Margin % Related Terms

Thank you for viewing the detailed overview of 3M Co's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

3M Co (NYSE:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (NYSE:MMM) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

MMM:Mexico MMM:Germany 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.

Executives

Suzan Kereere	director	255 FISERV DRIVE, BROOKFIELD WI 53045
Kevin H Rhodes	officer: EVP & Chief Legal Officer	3M COMPANY, 3M CENTER, BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Peter D Gibbons	officer: Group President	2401 UTAH AVENUE SOUTH, SUITE 800, SEATTLE WA 98134
Chavez Rodriguez Beatriz Karina	officer: Senior Vice President	3M COMPANY, 3M CENTER BLDG 220-09-E-02, ST. PAUL MN 55144-1000
Mark W. Murphy	officer: Executive Vice President	ONE ST. JUDE MEDICAL DRIVE, ST. PAUL MN 55117
Zoe L Dickson	officer: Executive Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
James R Fitterling	director	2211 H.H. DOW WAY, MIDLAND MI 48674
Jeffrey R Lavers	officer: Executive Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Veena M Lakkundi	officer: Senior Vice President	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Monish D Patolawala	officer: Senior VP and CFO	3M COMPANY, 3M CENTER, BLDG 220 09 E-02, ST. PAUL MN 55144-1000
Vinita Lee Piper	other: IVM001	712 WILCREST, SUITE 3020, HOUSTON TX 77042
Pamela Craig	director	C/O ACCENTURE, 161 N CLARK STREET, CHICAGO IL 60601
Ty R Silberhorn	officer: Senior Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Theresa E Reinseth	officer: Vice President/CAO	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000
Denise R Rutherford	officer: Senior Vice President	3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST PAUL MN 55144-1000