3M Income Statement
MMM / Industrials|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
3M reported $24.9B in revenue and $3.3B in net income for FY2025. Revenue has declined at a 1.2% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.9B | $24.6B | $24.6B | $26.2B | $35.4B | $32.2B | $32.1B | $32.8B | $31.7B | $30.1B | $30.3B | $31.8B | $30.9B | $29.9B | $29.6B |
| Cost of Revenue | $15.0B | $14.4B | $15.0B | $15.9B | $18.8B | $16.6B | $17.1B | $16.7B | $16.1B | $15.1B | $15.4B | $16.4B | $16.1B | $15.7B | $15.7B |
| SG&A Expense | $4.0B | $4.2B | $19.2B | $7.2B | $7.2B | $6.9B | $7.0B | $7.6B | $6.6B | $6.3B | $6.2B | $6.5B | $6.4B | $6.1B | $6.2B |
| R&D Expense | - | $700.0M | $700.0M | $800.0M | $1.2B | $1.1B | $1.3B | $1.3B | $1.4B | $1.2B | $1.2B | $1.2B | $1.1B | $1.1B | $1.0B |
| Operating Income | $4.6B | $4.8B | -$10.7B | $4.4B | $7.4B | $7.2B | $6.2B | $7.2B | $7.7B | $7.0B | $6.9B | $7.1B | $6.7B | $6.5B | $6.2B |
| Interest Expense | $448.0M | $472.0M | $942.0M | $462.0M | $488.0M | $529.0M | $448.0M | $350.0M | $322.0M | $199.0M | $149.0M | - | - | - | - |
| Income Tax | $1.0B | $804.0M | -$2.9B | $188.0M | $1.3B | $1.3B | $1.1B | $1.6B | $2.7B | $2.0B | $2.0B | $2.0B | $1.8B | $1.8B | $1.7B |
| Net Income | $3.3B | $4.2B | -$7.0B | $5.8B | $5.9B | $5.4B | $4.5B | $5.3B | $4.9B | $5.0B | $4.8B | $5.0B | $4.7B | $4.4B | $4.3B |
| EPS (Basic) | -$12.63 | $10.21 | $10.23 | $9.43 | $7.83 | $9.09 | $8.13 | $8.35 | $7.72 | $7.63 | $6.83 | $6.40 | $6.05 | $5.72 | $4.56 |
| EPS (Diluted) | -$12.63 | $10.18 | $10.12 | $9.36 | $7.72 | $8.89 | $7.93 | $8.16 | $7.58 | $7.49 | $6.72 | $6.32 | $5.96 | $5.63 | $4.52 |
| Shares Outstanding | 539.5M | 552.6M | 549.2M | 571.8M | 577.7M | 575.2M | 576.6M | 594.9M | 596.7M | 609.3M | 635.1M | 663.3M | 687.1M | 695.0M | 712.0M |
| Operating Margin | 18.6% | 19.6% | -43.4% | 16.7% | 20.8% | 22.3% | 19.2% | 22.0% | 24.3% | 23.3% | 22.9% | 22.4% | 21.6% | 21.7% | 20.9% |
| Profit Margin | 13.0% | 17.0% | -28.4% | 22.1% | 16.8% | 16.9% | 14.1% | 16.3% | 15.3% | 16.8% | 16.0% | 15.6% | 15.1% | 14.9% | 14.5% |