Net Profit Margin
since 2005
Calculation
3M Co., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income attributable to 3M1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 16.75% | = | 100 | × | 5,921) | ÷ | 35,355) |
| Dec 31, 2020 | 16.73% | = | 100 | × | 5,384) | ÷ | 32,184) |
| Dec 31, 2019 | 14.22% | = | 100 | × | 4,570) | ÷ | 32,136) |
| Dec 31, 2018 | 16.33% | = | 100 | × | 5,349) | ÷ | 32,765) |
| Dec 31, 2017 | 15.35% | = | 100 | × | 4,858) | ÷ | 31,657) |
| Dec 31, 2016 | 16.77% | = | 100 | × | 5,050) | ÷ | 30,109) |
| Dec 31, 2015 | 15.96% | = | 100 | × | 4,833) | ÷ | 30,274) |
| Dec 31, 2014 | 15.57% | = | 100 | × | 4,956) | ÷ | 31,821) |
| Dec 31, 2013 | 15.09% | = | 100 | × | 4,659) | ÷ | 30,871) |
| Dec 31, 2012 | 14.86% | = | 100 | × | 4,444) | ÷ | 29,904) |
| Dec 31, 2011 | 14.46% | = | 100 | × | 4,283) | ÷ | 29,611) |
| Dec 31, 2010 | 15.32% | = | 100 | × | 4,085) | ÷ | 26,662) |
| Dec 31, 2009 | 13.81% | = | 100 | × | 3,193) | ÷ | 23,123) |
| Dec 31, 2008 | 13.69% | = | 100 | × | 3,460) | ÷ | 25,269) |
| Dec 31, 2007 | 16.74% | = | 100 | × | 4,096) | ÷ | 24,462) |
| Dec 31, 2006 | 16.80% | = | 100 | × | 3,851) | ÷ | 22,923) |
| Dec 31, 2005 | 15.11% | = | 100 | × | 3,199) | ÷ | 21,167) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial performance over the analyzed years exhibits notable fluctuations and overall trends in profitability and sales volumes. The net income attributable demonstrates a general upward trajectory with several periods of decline, reflecting variability in earnings performance. After an initial increase from 2005 to 2007, net income experienced a diminution in 2008 and 2009, likely tied to broader economic factors during that period. From 2010 onward, there is a persistent recovery and growth trend, culminating in the highest net income values in the latest reported years, 2020 and 2021.
Net sales display a consistent growth pattern with minor setbacks. The sales value increased steadily from 2005 through 2008, followed by a temporary decline in 2009. Post-2009, net sales rose again, maintaining relatively stable levels with gradual increases and occasional slight decreases, most notably in 2014, 2015, and 2019 before reaching the peak in 2021. The progression suggests effective revenue generation and sales performance enhancement across the majority of the period.
The net profit margin percentage indicates the proportion of net income to net sales and reveals insights about profitability efficiency. Initial margins in the mid-2000s were strong, above 15%, with a peak near 16.8% in 2006 and 2007. A decline occurred in 2008 and 2009 coinciding with the reductions in net income and sales, impacting profitability ratios adversely. From 2010 onwards, the profit margin generally improved, reaching over 16% in several years and maintaining a margin close to or above 16% in recent years. This trend points to enhanced cost management or improved operational efficiency contributing to sustained profitability despite variations in sales volumes.
- Net Income
- Increase with temporary declines in 2008-2009, strong recovery and growth post-2010, peaking in 2021.
- Net Sales
- Steady growth from 2005 through 2008, dip in 2009, followed by recovery and incremental growth, achieving highest levels in 2021.
- Net Profit Margin
- Initially stable and relatively high, dropped during 2008-2009, then enhanced and stabilized above 15%, approaching 17% in recent years.
Overall, the financial data suggests resilience and positive performance improvement after the global financial downturn period, with effective strategies driving improved profitability and revenue growth into the latest reporting periods.
Comparison to Competitors
3M Co., net profit margin, long-term trends, comparison to competitors
| 3M Co. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 16.75% | -6.75% | 13.47% | 10.92% | -9.17% | 16.11% | 9.42% | 6.00% |
| Dec 31, 2020 | 16.73% | -20.42% | 7.68% | 7.90% | 7.81% | 14.64% | 10.45% | -6.22% |
| Dec 31, 2019 | 14.22% | -0.83% | 12.00% | 10.34% | -5.69% | 16.73% | 10.42% | 7.19% |
| Dec 31, 2018 | 16.33% | 10.34% | 11.86% | 9.93% | -19.69% | 16.18% | 9.39% | 7.92% |
| Dec 31, 2017 | 15.35% | 8.78% | 1.77% | 14.63% | -5.11% | 4.08% | 3.92% | 7.61% |
| Dec 31, 2016 | 16.77% | 5.18% | -0.19% | 9.73% | 8.00% | 12.24% | 11.22% | 8.83% |
| Dec 31, 2015 | 15.96% | 5.39% | 4.76% | 9.49% | -5.79% | 12.36% | 7.81% | 13.56% |
| Dec 31, 2014 | 15.57% | 6.00% | 7.09% | 7.95% | 14.27% | 10.52% | 7.93% | 9.55% |
| Dec 31, 2013 | 15.09% | 5.29% | 7.19% | 8.44% | 12.99% | 10.05% | 6.57% | 9.14% |
| Dec 31, 2012 | 14.86% | 4.77% | 9.01% | 7.46% | 13.62% | 7.77% | 5.82% | 8.89% |
| Dec 31, 2011 | 14.46% | 5.85% | 8.59% | 8.41% | 14.97% | 5.66% | 5.71% | 8.56% |
| Dec 31, 2010 | 15.32% | 5.14% | 6.77% | 6.77% | 11.59% | 6.06% | 6.39% | 8.05% |
| Dec 31, 2009 | 13.81% | 1.92% | 3.03% | 3.23% | 10.62% | 6.97% | 6.69% | 7.30% |
| Dec 31, 2008 | 13.69% | 4.39% | 7.40% | 6.88% | 15.44% | 7.64% | 7.53% | 8.08% |
| Dec 31, 2007 | 16.74% | 6.14% | 8.44% | 7.63% | 22.31% | 7.07% | 7.25% | 7.83% |
| Dec 31, 2006 | 16.80% | 3.60% | 9.10% | 7.68% | 20.68% | 6.64% | 6.38% | 7.92% |
| Dec 31, 2005 | 15.11% | 4.69% | 8.39% | 7.24% | 17.66% | 5.98% | 4.90% | 7.26% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Capital Goods)
3M Co., net profit margin, long-term trends, comparison to sector (capital goods)
| 3M Co. | Capital Goods | |
|---|---|---|
| Dec 31, 2021 | 16.75% | 3.71% |
| Dec 31, 2020 | 16.73% | 1.85% |
| Dec 31, 2019 | 14.22% | 5.03% |
| Dec 31, 2018 | 16.33% | 2.99% |
| Dec 31, 2017 | 15.35% | 3.41% |
| Dec 31, 2016 | 16.77% | 7.61% |
| Dec 31, 2015 | 15.96% | 4.69% |
| Dec 31, 2014 | 15.57% | 9.51% |
| Dec 31, 2013 | 15.09% | 8.78% |
| Dec 31, 2012 | 14.86% | 8.73% |
| Dec 31, 2011 | 14.46% | 9.04% |
| Dec 31, 2010 | 15.32% | 7.93% |
| Dec 31, 2009 | 13.81% | 6.61% |
| Dec 31, 2008 | 13.69% | 9.45% |
| Dec 31, 2007 | 16.74% | 11.53% |
| Dec 31, 2006 | 16.80% | 10.82% |
| Dec 31, 2005 | 15.11% | 9.72% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
3M Co., net profit margin, long-term trends, comparison to industry (industrials)
| 3M Co. | Industrials | |
|---|---|---|
| Dec 31, 2021 | 16.75% | 5.85% |
| Dec 31, 2020 | 16.73% | 0.09% |
| Dec 31, 2019 | 14.22% | 4.11% |
| Dec 31, 2018 | 16.33% | 4.75% |
| Dec 31, 2017 | 15.35% | 5.79% |
| Dec 31, 2016 | 16.77% | 7.43% |
| Dec 31, 2015 | 15.96% | 6.48% |
| Dec 31, 2014 | 15.57% | 8.76% |
| Dec 31, 2013 | 15.09% | 8.23% |
| Dec 31, 2012 | 14.86% | 7.39% |
| Dec 31, 2011 | 14.46% | 8.26% |
| Dec 31, 2010 | 15.32% | 7.48% |
| Dec 31, 2009 | 13.81% | 5.76% |
| Dec 31, 2008 | 13.69% | 7.27% |
| Dec 31, 2007 | 16.74% | 9.56% |
| Dec 31, 2006 | 16.80% | 14.87% |
| Dec 31, 2005 | 15.11% | 3.55% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).