Superworth3M profit margin MMM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 11.9%
- Operating margin, 12 months
- 18.4%
- Net margin on a year earlier
- −4.1 pts
- Peer median
- 12.2%
Over the twelve months to Jun 30, 2026, 3M kept 11.9% of its revenue as net profit, with an operating margin of 18.4% and a gross margin of 39.4%.
Five years earlier its net margin was 17.2%.
The median for 10 industrial stocks of a similar size is 12.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 13.0% | 18.6% | 39.9% |
| FY2024 | 17.0% | 19.6% | 41.2% |
| FY2023 | −28.4% | −40.5% | 39.1% |
| FY2022 | 16.9% | 19.1% | 43.8% |
| FY2021 | 16.7% | 20.8% | 46.8% |
| FY2020 | 16.9% | 22.3% | 48.4% |
| FY2019 | 14.2% | 19.2% | 46.7% |
| FY2018 | 16.3% | 22.0% | 49.1% |
| FY2017 | 15.3% | 24.3% | 49.3% |
| FY2016 | 16.8% | 24.0% | 50.0% |
| FY2015 | 16.0% | 22.9% | 49.2% |
| FY2014 | 15.6% | 22.4% | 48.3% |
| FY2013 | 15.1% | 21.6% | 47.8% |
| FY2012 | 14.9% | 21.7% | 47.5% |
| FY2011 | 14.5% | 20.9% | 47.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 11.9% | −4.1 pts | 18.4% | |
| Q1 FY26 | 11.1% | −6.7 pts | 19.1% | |
| Q4 FY25 | 13.0% | −4.0 pts | 18.6% | |
| Q3 FY25 | 13.7% | −4.2 pts | 19.8% | |
| Q2 FY25 | 16.0% | +12.2 pts | 19.5% | |
| Q1 FY25 | 17.8% | +46.5 pts | 20.1% | |
| Q4 FY24 | 17.0% | +45.4 pts | 19.6% | |
| Q3 FY24 | 17.9% | +45.6 pts | 20.3% | |
| Q2 FY24 | 3.8% | +8.9 pts | 2.3% | |
| Q1 FY24 | −28.7% | −46.0 pts | −41.0% | |
| Q4 FY23 | −28.4% | −45.3 pts | −40.5% | |
| Q3 FY23 | −27.7% | −46.6 pts | −39.6% |
Against its peers
Companies in Industrials nearest 3M's size, closest first, today.
| Company | Profit margin |
|---|---|
| MMM3M | 11.9% |
| CTASCintas | 17.8% |
| EMREmerson Electric | 13.8% |
| UPSUnited Parcel Service | 5.1% |
| CSXCSX | 22.2% |
| GDGeneral Dynamics | 8.2% |
| WMWaste Management | 11.1% |
| PWRQuanta Services | 4.0% |
| TTTrane Technologies | 13.3% |
| ITWIllinois Tool Works | 19.4% |
| NOCNorthrop Grumman | 10.5% |
| Peer median | 12.2% |
Where 3M ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on 3M
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.