3M Company
Financial Performance
3M Revenue & Financials
Revenue
$24.9B (FY2025)
Market Cap
$86.4B
Net Income
$3.3B
Employees
60,500
What is 3M's revenue?
3M had $24.9B in revenue for fiscal year 2025, up 1.5% from 2024. Net income was $3.3B.
- Latest revenue
- $24.9B (FY2025)
- Year-over-year
- +1.5%
- Growth rate (CAGR)
- -2.1% over 9 years
- Peak revenue
- $35.4B (FY2021)
- Years of data
- 10
- Employees
- 60,500
Financial Analysis
3M has long been a steady dividend payer. Its revenue is spread across many industries, which makes it resilient in downturns. Its balance sheet has been strained by multi-billion dollar legal settlements over PFAS chemicals and combat earplugs. The underlying business still generates strong cash flow because it has pricing power on its specialized industrial products. 3M Company is a highly diversified American multinational conglomerate, holding a strong market valuation of roughly $50 billion.
Revenue Trend Analysis
YoY Change
+1.5%
9-Year CAGR
-2.1%
Peak Year
2021
Trend
Mostly Growing
3M Company has 10 full fiscal year figures on this page, compounding at -2.1% annually over 9 years. The most recent year saw a 1.5% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at $35.4B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $24.9B | $4.6B | $3.3B | +1.5% | 3M Co annual report (SEC EDGAR, filed 2026-02-03) Fiscal year ended 2025-12-31. |
| FY2024 | $24.6B | $4.8B | $4.2B | -0.1% | 3M Co annual report (SEC EDGAR, filed 2026-02-03) Fiscal year ended 2024-12-31. |
| FY2023 | $24.6B | -$10.7B | -$7B | -5.9% | 3M Co annual report (SEC EDGAR, filed 2026-02-03) Fiscal year ended 2023-12-31. |
| FY2022 | $26.2B | $4.4B | $5.8B | -26.0% | 3M Co annual report (SEC EDGAR, filed 2025-02-05) Fiscal year ended 2022-12-31. |
| FY2021 | $35.4B | $7.4B | $5.9B | +9.9% | 3M Co annual report (SEC EDGAR, filed 2024-02-07) Fiscal year ended 2021-12-31. |
| FY2020 | $32.2B | $7.2B | $5.4B | +0.1% | 3M Co annual report (SEC EDGAR, filed 2023-02-08) Fiscal year ended 2020-12-31. |
| FY2019 | $32.1B | $6.2B | $4.5B | -1.9% | 3M Co annual report (SEC EDGAR, filed 2022-02-09) Fiscal year ended 2019-12-31. |
| FY2018 | $32.8B | $7.2B | $5.3B | +3.5% | 3M Co annual report (SEC EDGAR, filed 2021-02-04) Fiscal year ended 2018-12-31. |
| FY2017 | $31.7B | $7.7B | $4.9B | +5.1% | 3M Co annual report (SEC EDGAR, filed 2020-02-06) Fiscal year ended 2017-12-31. |
| FY2016 | $30.1B | $7B | $5B | — | 3M Co annual report (SEC EDGAR, filed 2019-02-07) Fiscal year ended 2016-12-31. |
Click any row to see year details.
3M Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $2.3B | $910M | $37.7B | $33B | $4.7B | $1.4B | Form 10-K |
| FY2024ended Dec 31, 2024 | $1.8B | $1.2B | $39.9B | $36B | $3.8B | $638M | Form 10-K |
| FY2023ended Dec 31, 2023 | $6.7B | $1.6B | $50.6B | $45.7B | $4.8B | $5.1B | Form 10-K |
| FY2022ended Dec 31, 2022 | $5.6B | $1.7B | $46.5B | $31.7B | $14.7B | $3.8B | Form 10-K |
| FY2021ended Dec 31, 2021 | $7.5B | $1.6B | $47.1B | $32B | $15B | $5.9B | Form 10-K |
| FY2020ended Dec 31, 2020 | $8.1B | $1.5B | $47.3B | $34.4B | $12.9B | $6.6B | Form 10-K |
| FY2019ended Dec 31, 2019 | $7.1B | $1.7B | $44.7B | $34.5B | $10.1B | $5.4B | Form 10-K |
| FY2018ended Dec 31, 2018 | $6.4B | $1.6B | $36.5B | $26.7B | $9.8B | $4.9B | Form 10-K |
| FY2017ended Dec 31, 2017 | $6.2B | $1.4B | $38B | $26.4B | $11.6B | $4.9B | Form 10-K |
| FY2016ended Dec 31, 2016 | $6.7B | $1.4B | $32.9B | $22.6B | $10.3B | $5.2B | Form 10-K |
Keep researching 3M
3M Revenue and Financial FAQ
What was 3M's total revenue in fiscal year 2025?
3M reported annual net sales of approximately $24.9 billion for FY2025, reflecting organic operational growth from its continuing industrial and consumer businesses after divesting healthcare.
What is 3M's market capitalization and stock index weighting?
3M maintains a market capitalization of approximately $94 billion and trades on the New York Stock Exchange under the ticker symbol MMM as a long-standing component of the Dow Jones Industrial Average and S&P 500.
How does 3M fund its multi-billion dollar legal settlements?
3M funds its PFAS ($10.3B) and Combat Arms ($6.01B) settlements through structured annual payout schedules spread over 13 years, financed by consistent annual operating cash flow exceeding $5 billion.
What is 3M's current dividend yield and payout policy?
Following the Solventum spinoff in April 2024, 3M reset its annual dividend payout to approximately 40% of adjusted free cash flow, offering an attractive forward dividend yield of around 2.5% to 3.0%.
How much does 3M invest in research and development annually?
3M consistently allocates approximately 5% to 6% of annual revenues, roughly $1.3 billion to $1.5 billion annually, toward fundamental research, materials engineering, and patent maintenance.
What is 3M's net income and profitability trajectory?
3M generated over $2.8 billion in adjusted net income in FY2025, as corporate overhead reduction and workforce restructuring initiatives expanded adjusted operating margins toward 21%.
What is 3M's debt profile and balance sheet strength?
3M holds approximately $14 billion in total long-term debt offset by $1.8 billion in cash reserves and roughly $7.7 billion in cash proceeds received from the Solventum healthcare spinoff.
How did the Solventum spinoff impact 3M's revenue structure?
The spinoff removed roughly $8.2 billion in annual healthcare revenue from 3M's consolidated top line, allowing the remaining company to operate as a focused, higher-margin materials science pure-play.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "3M Revenue & Financials." CorpDigest, https://corpdigest.com/company/3m/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>3M reported $24.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/3m/financials" target="_blank" rel="noopener">CorpDigest — 3M financials</a></div>Related Financial Audits
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