3M Company (MMM)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands -6,995,000 5,777,000 5,921,000 5,449,000 4,517,000
Revenue US$ in thousands 32,681,000 34,229,000 35,355,000 32,184,000 32,136,000
Net profit margin -21.40% 16.88% 16.75% 16.93% 14.06%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-6,995,000K ÷ $32,681,000K
= -21.40%

The net profit margin for 3M Co. exhibited significant fluctuations over the past five years. In 2023, the company reported a negative net profit margin of -21.40%, indicating that its expenses exceeded its revenues, resulting in a net loss. This is a contrast to the positive net profit margins recorded in the previous years, which ranged from 14.22% to 16.87%. The positive margins suggest that the company was able to generate profits from its operations in those years.

The considerable decline in net profit margin in 2023 may raise concerns about the company's ability to effectively manage its costs and generate profits in the current operating environment. Investors and stakeholders may want to further investigate the reasons behind this significant downturn and assess the company's strategies for returning to profitability.


Peer comparison

Dec 31, 2023


See also:

3M Company Net Profit Margin