3M Co (XTER:MMM) Pretax Margin % : 12.48% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is 3M Co Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. 3M Co's Pre-Tax Income for the three months ended in Dec. 2023 was €917 Mil. 3M Co's Revenue for the three months ended in Dec. 2023 was €7,348 Mil. Therefore, 3M Co's pretax margin for the quarter that ended in Dec. 2023 was 12.48%.

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

XTER:MMM' s Pretax Margin % Range Over the Past 10 Years
Min: -29.64 Med: 21.24 Max: 23.84
Current: -29.64

XTER:MMM's Pretax Margin % is ranked worse than
90.04% of 512 companies
in the Conglomerates industry
Industry Median: 5.63 vs XTER:MMM: -29.64

3M Co Pretax Margin % Historical Data

The historical data trend for 3M Co's Pretax 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 Pretax Margin % Chart

3M Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

Get a 7-Day Free Trial

17.56

21.11

20.38

18.67

-29.64

3M Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %	Get a 7-Day Free Trial															7.39	14.81	-108.38	-34.34	12.48

Competitive Comparison of 3M Co's Pretax Margin %

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

3M Co's Pretax Margin % Distribution in the Conglomerates Industry

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

* The bar in red indicates where 3M Co's Pretax Margin % falls into.

3M Co Pretax Margin % Calculation

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

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

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-8883.896	/	29968.477
	=	-29.64 %

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

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	917	/	7347.921
	=	12.48 %

3M Co (XTER:MMM) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

3M Co Pretax Margin % Related Terms

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

3M Co (XTER:MMM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MMM:USA MMM:Mexico 1MMM:Italy MMMd:UK 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.