3M Company (MMM)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 5,174,000 | 5,332,000 | 920,000 | -9,710,000 | -9,970,000 | -10,581,000 | -3,329,000 | 6,139,000 | 6,539,000 | 7,523,000 | 5,155,000 | 7,016,000 | 7,369,000 | 7,602,000 | 7,723,000 | 7,492,000 | 7,161,000 | 6,637,000 | 6,739,000 | 6,701,000 |
| 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 |
| Operating profit margin | 21.05% | 21.70% | 3.75% | -39.52% | -37.50% | -36.92% | -10.73% | 18.36% | 19.10% | 21.64% | 14.69% | 19.86% | 20.84% | 21.52% | 22.23% | 22.73% | 22.25% | 20.93% | 21.49% | 20.72% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,174,000K ÷ $24,575,000K
= 21.05%
The operating profit margin of 3M Company has displayed fluctuations over the period from March 2020 to December 2024. The margin started at a healthy level of 20.72% in March 2020, gradually increasing to a peak of 22.73% by March 2021. However, the margin started declining thereafter, reaching a low of -39.52% by March 2024 before recovering to 21.05% by December 2024.
The trend suggests that the operating profit margin experienced significant volatility, likely impacted by various internal and external factors affecting the company's financial performance. It is essential for stakeholders to closely monitor the company's operating profit margin to assess its operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2024