3M Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	24,948	24,575	24,610	26,161	35,355
Revenue Growth (YoY)	1.52%	-0.14%	-5.93%	-26.00%	9.85%
Cost of Revenue	14,990	14,417	14,894	15,853	18,795
Gross Profit	9,958	10,158	9,716	10,308	16,560
Selling, General & Admin	4,081	4,907	18,794	5,699	6,812
Research & Development	1,169	1,070	1,123	1,160	1,994
Operating Expenses	5,250	5,977	19,917	6,859	8,806
Operating Income	4,708	4,181	-10,201	3,449	7,754
Interest Expense	-946	-1,191	-941	-462	-488
Interest & Investment Income	232	452	250	65	26
Earnings From Equity Investments	52	9	18	11	10
EBT Excluding Unusual Items	4,046	3,451	-10,874	3,063	7,302
Merger & Restructuring Charges	-21	-187	-415	-101	-88
Impairment of Goodwill	-	-	-	-271	-
Gain (Loss) on Sale of Investments	402	1,564	-	-	-
Gain (Loss) on Sale of Assets	-162	-	36	2,724	-
Legal Settlements	-	-	-	-1,200	-
Pretax Income	4,265	4,828	-11,253	4,215	7,214
Income Tax Expense	1,003	804	-2,867	188	1,285
Earnings From Continuing Operations	3,262	4,024	-8,386	4,027	5,929
Earnings From Discontinued Operations	-	164	1,407	1,764	-
Net Income to Company	3,262	4,188	-6,979	5,791	5,929
Minority Interest in Earnings	-12	-15	-16	-14	-8
Net Income	3,250	4,173	-6,995	5,777	5,921
Net Income to Common	3,250	4,173	-6,995	5,777	5,921
Net Income Growth	-22.12%	-	-	-2.43%	8.66%
Shares Outstanding (Basic)	537	551	554	566	579
Shares Outstanding (Diluted)	541	552	554	568	585
Shares Change (YoY)	-2.01%	-0.27%	-2.41%	-3.02%	0.53%
EPS (Basic)	6.05	7.58	-12.63	10.21	10.23
EPS (Diluted)	6.00	7.56	-12.63	10.18	10.12
EPS Growth	-20.60%	-	-	0.57%	8.12%
Free Cash Flow	1,396	638	5,065	3,842	5,851
Free Cash Flow Per Share	2.58	1.16	9.14	6.77	10.00
Dividend Per Share	2.920	3.610	6.000	5.960	5.920
Dividend Growth	-19.11%	-39.83%	0.67%	0.68%	0.68%
Gross Margin	39.91%	41.34%	39.48%	39.40%	46.84%
Operating Margin	18.87%	17.01%	-41.45%	13.18%	21.93%
Profit Margin	13.03%	16.98%	-28.42%	22.08%	16.75%
Free Cash Flow Margin	5.60%	2.60%	20.58%	14.69%	16.55%
EBITDA	6,016	5,405	-8,768	4,703	9,669
EBITDA Margin	24.11%	21.99%	-35.63%	17.98%	27.35%
D&A For EBITDA	1,308	1,224	1,433	1,254	1,915
EBIT	4,708	4,181	-10,201	3,449	7,754
EBIT Margin	18.87%	17.01%	-41.45%	13.18%	21.93%
Effective Tax Rate	23.52%	16.65%	-	4.46%	17.81%
Advertising Expenses	233	216	201	272	327

Updated Jan 20, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q