3M Company (MMM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 5,062,000 | 5,310,000 | 734,000 | -9,639,000 | -9,686,000 | -10,092,000 | -3,106,000 | 5,974,000 | 6,389,000 | 7,352,000 | 4,980,000 | 6,864,000 | 7,206,000 | 7,350,000 | 7,413,000 | 7,127,000 | 6,770,000 | 6,255,000 | 6,395,000 | 6,184,000 |
| 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 |
| Pretax margin | 20.60% | 21.61% | 2.99% | -39.23% | -36.43% | -35.21% | -10.02% | 17.87% | 18.67% | 21.15% | 14.19% | 19.43% | 20.38% | 20.81% | 21.34% | 21.62% | 21.04% | 19.72% | 20.40% | 19.12% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,062,000K ÷ $24,575,000K
= 20.60%
The pretax margin of 3M Company has shown fluctuations over the period from March 31, 2020, to December 31, 2024. Initially starting at 19.12% in March 2020, the pretax margin improved steadily, reaching its peak at 21.62% in March 2021. However, there was a slight decline in pretax margin in the following quarters.
From June 2022 to December 2023, there was a significant negative trend in the pretax margin, dipping to as low as -39.23% in March 2024. This period may indicate financial challenges or operational inefficiencies within the company.
The pretax margin improved again from June 2024 onwards, reaching 20.60% in December 2024. Overall, the pretax margin of 3M Company has showcased volatility and fluctuations, highlighting the company's ability to manage costs and generate profits before tax expenses.
Peer comparison
Dec 31, 2024