3M Company (MMM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,822,000 | -10,689,000 | 6,539,000 | 7,369,000 | 7,161,000 |
| Revenue | US$ in thousands | 24,575,000 | 24,610,000 | 34,229,000 | 35,355,000 | 32,184,000 |
| Operating profit margin | 19.62% | -43.43% | 19.10% | 20.84% | 22.25% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,822,000K ÷ $24,575,000K
= 19.62%
3M Company's operating profit margin has shown a gradual decline over the years based on the provided data.
- As of December 31, 2020, the operating profit margin was reported at 22.25%, indicating that the company was generating approximately 22.25 cents of operating profit for every dollar of revenue.
- By December 31, 2021, the operating profit margin decreased to 20.84%, signaling a slight decrease in the efficiency of the company in generating profits.
- Further decline was observed by December 31, 2022, with the operating profit margin dropping to 19.10%, indicating potential challenges in maintaining profitability levels.
- A significant downturn occurred by December 31, 2023, with an operating profit margin of -43.43%. This negative margin suggests that the company's operating expenses exceeded its operating income, reflecting substantial financial difficulties.
- However, there was a noticeable recovery by December 31, 2024, as the operating profit margin improved to 19.62%. This uptick may suggest strategic adjustments made by the company to enhance its profitability.
In conclusion, although 3M Company experienced fluctuations in its operating profit margin over the years, it is essential for the company to focus on strategies to sustain and potentially improve its profitability in the future.
Peer comparison
Dec 31, 2024