Stock Analysis on Net
Stock Analysis on Net

3M Co. (NYSE:MMM)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 25, 2022.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

3M Co., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Operating income1 ÷ Net sales1
Dec 31, 2021 = 100 × ÷
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Dec 31, 2005 = 100 × ÷

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

Operating Income Trends
Operating income exhibited an overall upward trajectory from 2005 to 2021, beginning at 5,009 million US dollars and reaching a peak of 7,820 million US dollars in 2017. There were fluctuations within this general growth pattern, including notable declines in 2008 and 2009 as well as a decrease in 2019. Despite these dips, the data indicates a recovery in subsequent years, with operating income rebounding to 7,369 million US dollars by 2021.
Net Sales Analysis
Net sales demonstrated a consistent increase over the analyzed period, rising from 21,167 million US dollars in 2005 to 35,355 million US dollars in 2021. While sales showed steady growth, a slight downturn occurred in 2009, coinciding with a similar drop in operating income during the same year. Another minor decrease was observed around 2015 and 2019, but the overall trend remains positive with continued expansion in sales volume.
Operating Profit Margin Insights
The operating profit margin fluctuated between 19.21% and 25.32% throughout the years. It peaked in 2007 at 25.32%, then sharply declined during 2008 and 2009, corresponding to the global economic slowdown at that time. Margins generally stabilized and improved post-2009, reaching levels close to or above 24% in several years, such as 2017, before decreasing again in 2019 to its lowest point of 19.21%. Margins partially recovered by 2021 to 20.84%, reflecting an ongoing focus on operational efficiency despite external challenges.
Overall Patterns and Insights
The data reflects resilience with a tendency toward growth in both income and sales over the long term, notwithstanding periods of economic stress that impacted profitability margins temporarily. The fluctuations in operating profit margin suggest sensitivity to external economic conditions affecting profitability, even as sales volumes grew steadily. The recovery in operating income and margin post-declines points to effective management strategies to restore profitability after downturns.

Comparison to Competitors

3M Co., operating profit margin, long-term trends, comparison to competitors

Microsoft Excel
3M Co. Boeing Co. Caterpillar Inc. Lockheed Martin Corp. RTX Corp.
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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).