3M Company (MMM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,173,000 | -6,995,000 | 5,777,000 | 5,921,000 | 5,449,000 |
| Revenue | US$ in thousands | 24,575,000 | 24,610,000 | 34,229,000 | 35,355,000 | 32,184,000 |
| Net profit margin | 16.98% | -28.42% | 16.88% | 16.75% | 16.93% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $4,173,000K ÷ $24,575,000K
= 16.98%
The net profit margin of 3M Company has shown relatively consistent profitability over the years, ranging from 16.75% to 16.98%. However, there was a significant decline in net profit margin to -28.42% on December 31, 2023, which raises concerns about the company's profitability during that period. It is important for stakeholders to investigate the reasons behind this sharp decline and monitor the company's performance closely to ensure sustained profitability in the future. Overall, maintaining a stable and healthy net profit margin is crucial for 3M Company's long-term financial health and success.
Peer comparison
Dec 31, 2024