MMM Income Statement - 3M Co

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Price: 148.58 EUR 0.13% Market Closed

Market Cap: €81.6B

3	3M Co XMUN:MMM	US
S	Swiss Re AG OTC:SSREY	CH
A	Aurubis AG F:NDA1	DE
T	T-Mobile US Inc F:TM5	US
U	US Bancorp XETRA:UB5	US
K	Komercni Banka as OTC:KMERF	CZ
F	Flex Ltd DUS:FXI	US
N	Nasdaq Inc XMUN:NAQ	US
	Toyota Motor Corp TSE:7203	JP
	Technical Publications Service SpA MIL:TPS	IT

Financial profile · Q2 FY2026

A cash-generative industrial portfolio rebuilding margins after major portfolio disruption

3M’s post-separation model is a lower-revenue industrial portfolio with margins that recovered from the 2022–2023 trough and generally positive free cash flow. Cash conversion is periodically interrupted by litigation, settlement, working-capital swings, and portfolio actions, while debt and diluted shares have trended down over the available history.

What is developing

The June 30, 2026 results show operational improvement rather than a wholesale model change: revenue growth and operating profitability strengthened, while cash generation recovered as legal-payment pressure eased. Divestiture, PFAS, transformation, and Solventum-related items continue to make reported net income more volatile than the underlying operating trend.

What matters next

Whether operating cash flow remains positive after settlement-related cash outflows normalize.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Revenue	30.1B	31.7B	32.8B	32.1B	32.2B	35.4B	26.2B	24.6B	24.6B	24.9B
Cost of Revenue	(15.1B)	(16B)	(16.7B)	(17.1B)	(16.5B)	(18.8B)	(15.9B)	(14.9B)	(14.4B)	(15B)
Gross Profit	15B	15.7B	16.1B	15.1B	15.6B	16.6B	10.3B	9.7B	10.2B	10B
Operating Expenses	(8.1B)	(8.5B)	(9.3B)	(8.8B)	(8.7B)	(9.1B)	(8.4B)	(5.5B)	(5.1B)	(5.1B)
Selling, General & Administrative	(6.3B)	(6.6B)	(7.5B)	(6.9B)	(6.8B)	(7.1B)	(7.2B)	(4.4B)	(4.1B)	(4B)
R&D	(1.8B)	(1.9B)	(1.8B)	(1.9B)	(1.9B)	(2B)	(1.2B)	(1.1B)	(1.1B)	(1.2B)
Operating Income	6.9B	7.2B	6.8B	6.3B	7B	7.5B	2B	4.2B	5B	4.8B
Net Interest Income (Expense)	(173m)	(361m)	(278m)	(530m)	(490m)	(451m)	(397m)	(691m)	825m	(312m)
Interest Expense	199m	418m	350m	448m	519m	477m	462m	941m	1.2B	946m
Non-Recurring Items	111m	583m	410m	(168m)	184m	(135m)	2.4B	(14.9B)	(187m)	(183m)
Total Other Income	196m	128m	73m	35m	134m	297m	232m	109m	(828m)	(104m)
Pre-Tax Income	7.1B	7.5B	7B	5.6B	6.8B	7.2B	4.2B	(11.3B)	4.8B	4.2B
Tax Provision	(2B)	(1.9B)	(1.5B)	(1.1B)	(1.3B)	(1.3B)	(188m)	2.9B	(804m)	(1B)
Income from Continuing Operations	5.1B	5.6B	5.5B	4.5B	5.5B	5.9B	4B	(8.4B)	4B	3.2B
Income to Minority Interest	(8m)	(11m)	(14m)	(12m)	(4m)	(8m)	(14m)	(16m)	(15m)	(12m)
Equity Earnings Affiliates	—	—	—	0	(5m)	10m	11m	18m	9m	52m
Net Income	5.1B	4.9B	5.3B	4.5B	5.4B	5.9B	5.8B	(7B)	4.2B	3.3B
EPS (Diluted)	8.16	7.92	8.88	7.72	9.36	10.12	10.17	(12.62)	7.55	6.00