3M Company (MMM)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,173,000 | 4,390,000 | 943,000 | -7,043,000 | -6,995,000 | -7,399,000 | -1,465,000 | 5,454,000 | 5,777,000 | 6,575,000 | 4,150,000 | 5,596,000 | 5,921,000 | 5,971,000 | 5,967,000 | 5,749,000 | 5,433,000 | 5,013,000 | 5,166,000 | 4,987,000 |
| Revenue (ttm) | US$ in thousands | 24,575,000 | 24,567,000 | 24,543,000 | 24,571,000 | 26,586,000 | 28,663,000 | 31,012,000 | 33,431,000 | 34,229,000 | 34,762,000 | 35,085,000 | 35,333,000 | 35,355,000 | 35,326,000 | 34,734,000 | 32,960,000 | 32,184,000 | 31,712,000 | 31,353,000 | 32,348,000 |
| Net profit margin | 16.98% | 17.87% | 3.84% | -28.66% | -26.31% | -25.81% | -4.72% | 16.31% | 16.88% | 18.91% | 11.83% | 15.84% | 16.75% | 16.90% | 17.18% | 17.44% | 16.88% | 15.81% | 16.48% | 15.42% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,173,000K ÷ $24,575,000K
= 16.98%
The net profit margin of 3M Company has shown fluctuations over the periods analyzed. Starting from March 31, 2020, where it stood at 15.42%, it increased steadily until March 31, 2021, reaching a peak of 17.44%. However, from June 30, 2021, it started to decline, with some volatility in the following quarters.
The net profit margin dropped significantly below zero in the quarters ending June 30, 2023, and September 30, 2023, indicating that the company experienced losses during those periods. This negative trend continued until March 31, 2024, where the net profit margin hit its lowest point at -28.66%.
However, there was a notable recovery in the subsequent periods, with the net profit margin bouncing back to positive territory and showing a steady increase. By December 31, 2024, the net profit margin had stabilized at 16.98%, indicating an improvement in profitability compared to the previous quarters of the analyzed period.
Overall, the net profit margin of 3M Company reflects a mix of positive and negative performance trends, with a recent recovery towards the end of the period.
Peer comparison
Dec 31, 2024