3M Company (MMM)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 45.86% | 50.23% | 54.70% | 58.85% | 53.43% | 50.11% | 46.83% | 43.11% | 43.81% | 44.35% | 44.51% | 45.95% | 46.84% | 47.67% | 48.36% | 48.36% | 48.41% | 47.84% | 47.61% | 47.65% |
| 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% |
| 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% |
| 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% |
3M Company's profitability ratios have shown fluctuations over the past few years.
- Gross profit margin decreased from 58.85% in March 2024 to 43.11% in March 2023 and then increased to 53.43% in December 2023, showing volatility in the company's ability to generate profits from its sales.
- Operating profit margin was positive in the beginning but turned negative in June 2023 to December 2023, indicating operational challenges during that period. However, it recovered and reached 21.05% in December 2024.
- Pretax margin followed a similar trend to the operating profit margin with a period of negative margins in June 2023 to December 2023. The pretax margin recovered and stood at 20.60% in December 2024.
- Net profit margin also experienced a decline in profitability in June 2023 to December 2023 but saw improvement in the following periods with a net profit margin of 16.98% by December 2024.
Overall, the company faced challenges in maintaining profitability in the mid-2020s but managed to recover and improve its margins towards the end of the period. Continued monitoring of profitability ratios will be essential to track the company's financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 12.98% | 13.04% | 2.12% | -17.58% | -19.71% | -21.32% | -6.81% | 13.09% | 14.08% | 16.29% | 11.30% | 15.30% | 15.65% | 15.75% | 15.99% | 15.88% | 15.13% | 14.62% | 14.95% | 14.50% |
| Return on assets (ROA) | 10.47% | 10.74% | 2.17% | -12.75% | -13.83% | -14.91% | -3.00% | 11.63% | 12.44% | 14.24% | 9.09% | 12.20% | 12.58% | 12.37% | 12.35% | 12.19% | 11.48% | 11.04% | 11.46% | 10.79% |
| Return on total capital | 38.01% | 37.49% | 13.48% | -33.13% | -48.86% | -53.60% | -12.62% | 22.82% | 23.85% | 27.99% | 19.65% | 24.66% | 24.74% | 25.65% | 25.83% | 25.07% | 23.66% | 22.33% | 22.86% | 22.63% |
| Return on equity (ROE) | 108.62% | 94.57% | 24.08% | -144.74% | -145.52% | -158.37% | -18.79% | 35.65% | 39.24% | 46.70% | 30.20% | 37.48% | 39.35% | 41.29% | 41.30% | 41.78% | 42.22% | 42.20% | 47.58% | 49.15% |
3M Company's profitability ratios showed some fluctuations over the reported periods.
Operating return on assets (Operating ROA) ranged from a high of 16.29% on September 30, 2022, to a low of -21.32% on September 30, 2023, indicating significant volatility in the company's operational efficiency.
Return on assets (ROA) also varied, with the highest value of 14.24% on September 30, 2022, and the lowest of -14.91% on September 30, 2023, suggesting fluctuating trends in the company's ability to generate profits from its total assets.
Return on total capital showed a similar pattern, with a high of 38.01% on December 31, 2024, and a low of -53.60% on September 30, 2023, reflecting substantial variability in the company's profitability relative to its total capital employed.
Return on equity (ROE) exhibited fluctuations as well, ranging from a peak of 108.62% on December 31, 2024, to a trough of -158.37% on September 30, 2023, illustrating significant changes in the company's ability to generate returns for its equity holders.
Overall, the analysis of these profitability ratios indicates that 3M Company experienced notable volatility and variability in its performance metrics over the reported periods, which may require further investigation to understand the underlying factors driving these fluctuations.