Plunkett Research Online: 3M Company

3M COMPANY (MMM:NYS) Company Profile, Corporate Revenues, Growth, Market Size, Analysis, Business Forecasts, Market Share, Metrics, SWOT

3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized .....

3M Company

Ticker: MMM
Exchange: NYS
Parent Company:
Year Established:

Employees:

Fiscal Year Ends in

Phone: 651 733-1110
Fax: 651 733-9973
Address: 3M Center
St. Paul, MN 55144 United States

Map

Types Of Business

Industry Ranks

Industry NAICS code:

Health Care Products
Specialty Materials & Textiles
Industrial Products
Safety, Security & Protection Products
Display & Graphics Products
Consumer & Office Products
Electronics & Communications Products
Fuel Cell Technology

1. 3M Company	32,681,000,000
2. EssilorLuxottica SA	27,412,560,000
3. Stryker Corporation	20,498,000,000
4. Becton Dickinson and Company	19,372,000,000
5. Baxter International Inc	14,813,000,000
6. Boston Scientific Corporation	14,240,000,000
7. DePuy Synthes Inc	10,587,500,000
8. Medtronic Vascular Inc	10,468,000,000
9. Zimmer Biomet Holdings Inc	7,394,200,000
10. Intuitive Surgical Inc	7,124,100,000

Contacts

Excel
Text

Description

Bryan Hanson	CEO, Divisional/President, Divisional
William Brown	CEO/Director
Monish Patolawala	CFO/President
Michael Roman	Chairman of the Board/Director
Theresa Reinseth	Chief Accounting Officer/Controller/Senior VP
Mark Murphy	Chief Information Officer/Executive VP/Other Executive Officer
John Banovetz	Chief Technology Officer/Executive VP
Audrey Choi	Director
Suzan Kereere	Director
Amy Hood	Director
Thomas Brown	Director
Anne Chow	Director
Pedro Pizarro	Director
James Fitterling	Director
Gregory Page	Director
Thomas Sweet	Director
David Dillon	Director
Kevin Rhodes	Executive VP/Other Executive Officer
Zoe Dickson	Executive VP/Other Executive Officer
Torie Clarke	Executive VP/Other Executive Officer
Christian Goralski	President, Divisional
Beatriz Karina Chavez Rodriguez	President, Divisional
Peter Gibbons	President, Divisional

Auditor: PricewaterhouseCoopers LLP
Legal Advisor:

Financial Details Compare to Industry Averages Build Custom Table Compare Companies


$USD, In whole numbers, except marked * or %	2023	2022	2021	2020	2019	2018
Financials
Revenue	32,681,000,000	34,229,000,000	35,355,000,000	32,184,000,000	32,136,000,000	32,765,000,000
Cost of Revenue	18,477,000,000	19,232,000,000	18,795,000,000	16,605,000,000	17,136,000,000	16,682,000,000
Gross Margin %	43.46	43.81	46.84	48.41	46.68	49.09
R&D Expense	1,842,000,000	1,862,000,000	1,994,000,000	1,878,000,000	1,911,000,000	1,821,000,000
Operating Income	(9,035,000,000)	4,334,000,000	7,666,000,000	6,822,000,000	6,128,000,000	6,733,000,000
Operating Margin %	-27.65	12.66	21.68	21.46	18.85	20.55
SGA Expense	21,397,000,000	8,801,000,000	6,900,000,000	6,879,000,000	6,961,000,000	7,529,000,000
Net Income	(6,995,000,000)	5,777,000,000	5,921,000,000	5,384,000,000	4,570,000,000	5,349,000,000
Earnings Per Share	-12.63	10.21	10.23	9.32	7.92	9.09
Dividends	6.00	5.96	5.92	5.88	5.76	5.44
Book Value Per Share	-	-	-	-	18.61	17.77
Operating Cash Flow	6,680,000,000	5,591,000,000	7,454,000,000	8,113,000,000	7,070,000,000	6,439,000,000
Capital Expenditure	1,615,000,000	1,749,000,000	1,603,000,000	1,501,000,000	1,699,000,000	1,577,000,000
Free Cash Flow	5,065,000,000	3,842,000,000	5,851,000,000	6,612,000,000	5,371,000,000	4,862,000,000
Profitability
EBITDA	(6,759,000,000)	8,685,000,000	9,607,000,000	9,151,000,000	7,753,000,000	8,838,000,000
Return on Assets %	-14.42	12.35	12.54	11.85	11.13	14.36
Return on Equity %	-71.64	38.81	42.42	47.53	45.49	50.09
Net Margin %	-21.40	16.88	16.75	16.93	14.06	16.33
Assets Turnover	0.67	0.73	0.75	0.70	0.79	0.88
Financial Leverage	10.52	3.16	3.13	3.68	4.44	3.73

Brands, Divisions and Affiliates

Top Salaries

Scotch
Post-it
Nexcare
Filtrete
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Futuro
Littmann
Ace

Name	Title	Salary (US$)	Bonus (US$)
Bryan Hanson	CEO, Divisional/President, Divisional	450,000	9,200,000
Michael Roman	CEO/Chairman of the Board/Director	1,464,544	0
Monish Patolawala	CFO/President	1,292,088	0
Kevin Rhodes	Executive VP/Other Executive Officer	872,787	0
Peter Gibbons	President, Divisional	832,500	0

Other Thoughts	Corporate Culture
Apparent Female Officers or Directors:	3M offers its employees medical and dental insurance, tuition reimbursement, flexible spending accounts, disability coverage, a 401(k), adoption assistance and more.