3M Historical Income Statement

MMM Stock

USD 132.48 0.47 0.35%

Historical analysis of 3M income statement accounts such as Gross Profit of 11 B can show how well 3M Company performed in making a profits. Evaluating 3M income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of 3M's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining 3M Company latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether 3M Company is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

About 3M Income Statement Analysis

3M Company Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to 3M shareholders. The income statement also shows 3M investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

3M Income Statement Chart

At this time, 3M's Interest Expense is very stable compared to the past year. As of the 28th of November 2024, Other Operating Expenses is likely to grow to about 43.9 B, while Total Revenue is likely to drop about 23.6 B.

Total Revenue Gross Profit Other Operating Expenses Cost Of Revenue Non Recurring

Total Revenue

Total revenue comprises all receipts 3M Company generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of 3M Company minus its cost of goods sold. It is profit before 3M operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of 3M Company. It is also known as 3M overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on 3M Company income statement and represents the costs associated with goods and services 3M provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Most accounts from 3M's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into 3M Company current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

	2021	2022	2023	2024 (projected)
Gross Profit	16.6B	15.0B	14.2B	11.0B
Total Revenue	35.4B	34.2B	32.7B	23.6B

Gross Profit Total Revenue

3M income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Minority Interest	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items	Selling And Marketing Expenses	Non Recurring
Depreciation And Amortization		0.54	0.88	0.82	0.61	-0.01	0.06	0.1	0.91	0.39	0.04	-0.14	0.1	-0.09	0.29	0.92	-0.73	-0.02	-0.52	-0.29	0.13	-0.55	0.58	0.6	-0.19	-0.02
Interest Expense	0.54		0.25	0.15	0.9	-0.79	-0.74	-0.71	0.33	0.92	-0.75	-0.27	-0.7	-0.82	0.91	0.46	-0.79	-0.77	-0.47	-0.91	0.24	-0.97	0.85	0.76	-0.84	-0.8
Total Revenue	0.88	0.25		0.98	0.48	0.3	0.34	0.36	0.99	0.18	0.33	-0.01	0.36	0.23	0.06	0.92	-0.46	0.21	-0.32	0.0	0.04	-0.19	0.19	0.33	0.07	0.18
Gross Profit	0.82	0.15	0.98		0.4	0.4	0.43	0.45	0.93	0.09	0.42	0.0	0.44	0.35	-0.03	0.9	-0.36	0.3	-0.31	0.12	-0.12	-0.08	0.07	0.23	0.16	0.24
Other Operating Expenses	0.61	0.9	0.48	0.4		-0.63	-0.61	-0.59	0.55	0.94	-0.63	-0.3	-0.59	-0.68	0.89	0.59	-0.76	-0.71	-0.25	-0.84	0.32	-0.8	0.69	0.59	-0.79	-0.76
Operating Income	-0.01	-0.79	0.3	0.4	-0.63		0.99	0.98	0.2	-0.84	0.99	0.27	0.98	0.97	-0.9	0.12	0.46	0.97	0.08	0.93	-0.28	0.78	-0.66	-0.42	0.95	0.89
Ebit	0.06	-0.74	0.34	0.43	-0.61	0.99		1.0	0.24	-0.84	1.0	0.22	0.99	0.96	-0.9	0.18	0.38	0.98	0.0	0.91	-0.32	0.7	-0.55	-0.33	0.95	0.89
Ebitda	0.1	-0.71	0.36	0.45	-0.59	0.98	1.0		0.27	-0.82	1.0	0.23	0.99	0.95	-0.88	0.21	0.35	0.98	-0.03	0.9	-0.32	0.67	-0.53	-0.3	0.95	0.89
Cost Of Revenue	0.91	0.33	0.99	0.93	0.55	0.2	0.24	0.27		0.26	0.23	-0.01	0.27	0.11	0.15	0.91	-0.53	0.13	-0.33	-0.11	0.18	-0.28	0.3	0.41	-0.02	0.12
Total Operating Expenses	0.39	0.92	0.18	0.09	0.94	-0.84	-0.84	-0.82	0.26		-0.85	-0.35	-0.83	-0.86	0.99	0.33	-0.67	-0.9	-0.16	-0.95	0.34	-0.84	0.7	0.53	-0.94	-0.91
Income Before Tax	0.04	-0.75	0.33	0.42	-0.63	0.99	1.0	1.0	0.23	-0.85		0.3	0.99	0.96	-0.91	0.17	0.39	0.98	-0.02	0.92	-0.33	0.71	-0.59	-0.33	0.96	0.9
Total Other Income Expense Net	-0.14	-0.27	-0.01	0.0	-0.3	0.27	0.22	0.23	-0.01	-0.35	0.3		0.3	0.27	-0.36	0.01	0.14	0.32	-0.34	0.28	-0.08	0.28	-0.43	0.01	0.37	0.34
Net Income	0.1	-0.7	0.36	0.44	-0.59	0.98	0.99	0.99	0.27	-0.83	0.99	0.3		0.93	-0.89	0.21	0.33	0.99	-0.07	0.88	-0.29	0.66	-0.52	-0.25	0.95	0.9
Income Tax Expense	-0.09	-0.82	0.23	0.35	-0.68	0.97	0.96	0.95	0.11	-0.86	0.96	0.27	0.93		-0.91	0.06	0.55	0.93	0.08	0.97	-0.43	0.81	-0.72	-0.53	0.93	0.87
Selling General Administrative	0.29	0.91	0.06	-0.03	0.89	-0.9	-0.9	-0.88	0.15	0.99	-0.91	-0.36	-0.89	-0.91		0.22	-0.62	-0.94	-0.12	-0.97	0.35	-0.83	0.69	0.5	-0.97	-0.93
Research Development	0.92	0.46	0.92	0.9	0.59	0.12	0.18	0.21	0.91	0.33	0.17	0.01	0.21	0.06	0.22		-0.67	0.08	-0.55	-0.17	-0.04	-0.43	0.39	0.54	-0.07	-0.01
Minority Interest	-0.73	-0.79	-0.46	-0.36	-0.76	0.46	0.38	0.35	-0.53	-0.67	0.39	0.14	0.33	0.55	-0.62	-0.67		0.41	0.44	0.68	-0.32	0.8	-0.82	-0.75	0.51	0.48
Net Income From Continuing Ops	-0.02	-0.77	0.21	0.3	-0.71	0.97	0.98	0.98	0.13	-0.9	0.98	0.32	0.99	0.93	-0.94	0.08	0.41		-0.03	0.92	-0.29	0.71	-0.56	-0.3	0.98	0.92
Non Operating Income Net Other	-0.52	-0.47	-0.32	-0.31	-0.25	0.08	0.0	-0.03	-0.33	-0.16	-0.02	-0.34	-0.07	0.08	-0.12	-0.55	0.44	-0.03		0.16	0.2	0.53	-0.38	-0.7	0.03	0.03
Tax Provision	-0.29	-0.91	0.0	0.12	-0.84	0.93	0.91	0.9	-0.11	-0.95	0.92	0.28	0.88	0.97	-0.97	-0.17	0.68	0.92	0.16		-0.42	0.88	-0.77	-0.6	0.95	0.89
Interest Income	0.13	0.24	0.04	-0.12	0.32	-0.28	-0.32	-0.32	0.18	0.34	-0.33	-0.08	-0.29	-0.43	0.35	-0.04	-0.32	-0.29	0.2	-0.42		-0.23	0.3	0.2	-0.33	-0.2
Net Interest Income	-0.55	-0.97	-0.19	-0.08	-0.8	0.78	0.7	0.67	-0.28	-0.84	0.71	0.28	0.66	0.81	-0.83	-0.43	0.8	0.71	0.53	0.88	-0.23		-0.92	-0.82	0.78	0.72
Reconciled Depreciation	0.58	0.85	0.19	0.07	0.69	-0.66	-0.55	-0.53	0.3	0.7	-0.59	-0.43	-0.52	-0.72	0.69	0.39	-0.82	-0.56	-0.38	-0.77	0.3	-0.92		0.73	-0.64	-0.58
Extraordinary Items	0.6	0.76	0.33	0.23	0.59	-0.42	-0.33	-0.3	0.41	0.53	-0.33	0.01	-0.25	-0.53	0.5	0.54	-0.75	-0.3	-0.7	-0.6	0.2	-0.82	0.73		-0.39	-0.36
Selling And Marketing Expenses	-0.19	-0.84	0.07	0.16	-0.79	0.95	0.95	0.95	-0.02	-0.94	0.96	0.37	0.95	0.93	-0.97	-0.07	0.51	0.98	0.03	0.95	-0.33	0.78	-0.64	-0.39		0.9
Non Recurring	-0.02	-0.8	0.18	0.24	-0.76	0.89	0.89	0.89	0.12	-0.91	0.9	0.34	0.9	0.87	-0.93	-0.01	0.48	0.92	0.03	0.89	-0.2	0.72	-0.58	-0.36	0.9

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3M Account Relationship Matchups

3M income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.6B	1.9B	1.9B	1.8B	2.0B	1.2B
Interest Expense	448M	529M	488M	462M	942M	989.1M
Total Revenue	32.1B	32.2B	35.4B	34.2B	32.7B	23.6B
Gross Profit	15B	15.6B	16.6B	15.0B	14.2B	11.0B
Other Operating Expenses	26.1B	25.4B	28.0B	30.1B	41.8B	43.9B
Operating Income	4.4B	4.5B	5.5B	6.5B	(9.1B)	(8.7B)
Ebit	4.4B	7.3B	7.7B	6.9B	(9.1B)	(8.7B)
Ebitda	5.9B	9.3B	9.6B	8.7B	(9.1B)	(8.7B)
Cost Of Revenue	17.1B	16.6B	18.8B	19.2B	18.5B	12.5B
Total Operating Expenses	8.9B	8.8B	9.2B	10.9B	23.4B	24.5B
Income Before Tax	5.7B	6.7B	7.2B	6.4B	(9.7B)	(9.2B)
Total Other Income Expense Net	(207M)	1.4B	(366M)	(550M)	(560M)	(532M)
Net Income	4.6B	5.4B	5.9B	5.8B	(7.0B)	(6.6B)
Income Tax Expense	1.1B	1.3B	1.3B	612M	(2.7B)	(2.6B)
Selling General Administrative	7.0B	6.9B	7.2B	8.8B	21.4B	22.5B
Research Development	1.9B	1.9B	2.0B	1.9B	1.8B	1.7B
Net Income Applicable To Common Shares	4.6B	5.4B	5.9B	5.8B	6.6B	4.4B
Minority Interest	12M	4M	(8M)	(14M)	(16M)	(15.2M)
Net Income From Continuing Ops	4.6B	5.4B	5.9B	5.8B	(7.0B)	(6.6B)
Non Operating Income Net Other	(462M)	(455M)	(155M)	(136M)	(122.4M)	(128.5M)
Tax Provision	1.1B	1.3B	1.3B	612M	(2.7B)	(2.6B)
Net Interest Income	(368M)	(500M)	(462M)	(395M)	(689M)	(654.6M)
Reconciled Depreciation	1.6B	1.9B	1.9B	1.8B	2.0B	1.9B

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When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports:

How To Invest In 3M

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Is 3M Stock a good investment?

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What is 3M's Net Worth?

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You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Is Industrial Conglomerates space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.05)

Dividend Share

4.41

Earnings Share

9.61

Revenue Per Share

58.972

Quarterly Revenue Growth

0.004

The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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3M Historical Income Statement

About 3M Income Statement Analysis

3M Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Cost Of Revenue

3M income statement Correlations

3M Account Relationship Matchups

High Positive Relationship

High Negative Relationship

3M income statement Accounts

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Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebitda
Cost Of Revenue	+ 0.99	Total Revenue
Ebit	+ 0.99	Operating Income
Income Before Tax	+ 0.99	Operating Income

Selling And Marketing Expenses	- 0.97	Selling General Administrative
Tax Provision	- 0.97	Selling General Administrative
Net Interest Income	- 0.97	Interest Expense
Tax Provision	- 0.95	Total Operating Expenses
Net Income From Continuing Ops	- 0.94	Selling General Administrative
Selling And Marketing Expenses	- 0.94	Total Operating Expenses