3M Company (MMM)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-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	4,570,000	4,948,000	4,908,000	5,638,000
Revenue (ttm)	US$ in thousands	32,681,000	32,747,000	33,054,000	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	32,136,000	31,970,000	32,131,000	32,350,000
Net profit margin		-21.40%	-22.59%	-4.43%	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%	14.22%	15.48%	15.27%	17.43%

December 31, 2023 calculation

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

The net profit margin of 3M Co. has exhibited significant fluctuation over the past eight quarters. In Q1 2023, the net profit margin was robust at 16.31%, indicating the company generated $0.16 of profit for every dollar of revenue. However, in the subsequent quarters, the net profit margin experienced a notable decline, reaching negative figures in Q3 and Q4 2023. The negative net profit margins in the last two quarters suggest that the company's expenses exceeded its revenue, resulting in a loss rather than a profit. The downward trend from positive margins to negative margins could be indicative of challenges or issues facing the company's financial performance, which would require further investigation to understand the underlying causes. Overall, the inconsistency in net profit margin performance underscores the importance of closely monitoring the company's financial health and profitability sustainability.