3M Historical Income Statement

MMM Stock  USD 104.59  1.96  1.91%   
Historical analysis of 3M income statement accounts such as Gross Profit of 11 B can show how well 3M Company performed in making a profits. Evaluating 3M income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of 3M's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining 3M Company latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether 3M Company is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

About 3M Income Statement Analysis

3M Company Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to 3M shareholders. The income statement also shows 3M investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

3M Income Statement Chart

3M Company Income Statement is one of the three primary financial statements used for reporting 3M's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of 3M Company revenue and expense. 3M Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, 3M's Interest Expense is very stable compared to the past year. As of the 28th of March 2024, Other Operating Expenses is likely to grow to about 43.9 B, while Total Revenue is likely to drop about 23.6 B.

Total Revenue

Total revenue comprises all receipts 3M Company generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of 3M Company minus its cost of goods sold. It is profit before 3M operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of 3M Company. It is also known as 3M overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on 3M Company income statement and represents the costs associated with goods and services 3M provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from 3M's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into 3M Company current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
At this time, 3M's Interest Expense is very stable compared to the past year. As of the 28th of March 2024, Other Operating Expenses is likely to grow to about 43.9 B, while Total Revenue is likely to drop about 23.6 B.
 2021 2022 2023 2024 (projected)
Gross Profit16.6B15.0B14.2B11.0B
Total Revenue35.4B34.2B32.7B23.6B

3M income statement Correlations

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Click cells to compare fundamentals

3M Account Relationship Matchups

3M income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization1.6B1.9B1.9B1.8B2.0B1.2B
Interest Expense448M529M488M462M942M989.1M
Total Revenue32.1B32.2B35.4B34.2B32.7B23.6B
Gross Profit15B15.6B16.6B15.0B14.2B11.0B
Other Operating Expenses26.1B25.4B28.0B30.1B41.8B43.9B
Operating Income4.4B4.5B5.5B6.5B(9.1B)(8.7B)
Ebit4.4B4.5B5.5B6.5B(9.1B)(8.7B)
Ebitda5.9B6.4B7.4B8.4B(9.1B)(8.7B)
Cost Of Revenue17.1B16.6B18.8B19.2B18.5B12.5B
Total Operating Expenses8.9B8.8B9.2B10.9B23.4B24.5B
Income Before Tax5.7B6.7B7.2B6.4B(9.7B)(9.2B)
Total Other Income Expense Net(207M)1.4B2.2B1.8B(560M)(532M)
Net Income4.6B5.4B5.9B5.8B(7.0B)(6.6B)
Income Tax Expense1.1B1.3B1.3B612M(2.7B)(2.6B)
Selling General Administrative7.0B6.9B7.2B8.8B21.4B22.5B
Research Development1.9B1.9B2.0B1.9B1.8B1.7B
Net Income Applicable To Common Shares4.6B5.4B5.9B5.8B6.6B4.4B
Minority Interest12M4M(8M)(14M)(16M)(15.2M)
Net Income From Continuing Ops4.6B5.4B5.9B5.8B(7.0B)(6.6B)
Non Operating Income Net Other(462M)(455M)(155M)(136M)(122.4M)(128.5M)
Tax Provision1.1B1.3B1.3B612M(2.7B)(2.6B)
Net Interest Income(368M)(500M)(462M)(395M)(689M)(654.6M)
Reconciled Depreciation1.6B1.9B1.9B1.8B2.0B1.9B

3M Investors Sentiment

The influence of 3M's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in 3M. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to 3M's public news can be used to forecast risks associated with an investment in 3M. The trend in average sentiment can be used to explain how an investor holding 3M can time the market purely based on public headlines and social activities around 3M Company. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
3M's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for 3M's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average 3M's news discussions. The higher the estimated score, the more favorable is the investor's outlook on 3M.

3M Implied Volatility

    
  32.58  
3M's implied volatility exposes the market's sentiment of 3M Company stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if 3M's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that 3M stock will not fluctuate a lot when 3M's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards 3M in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, 3M's short interest history, or implied volatility extrapolated from 3M options trading.

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When determining whether 3M Company is a strong investment it is important to analyze 3M's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 3M's future performance. For an informed investment choice regarding 3M Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in 3M Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

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When running 3M's price analysis, check to measure 3M's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 3M is operating at the current time. Most of 3M's value examination focuses on studying past and present price action to predict the probability of 3M's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 3M's price. Additionally, you may evaluate how the addition of 3M to your portfolios can decrease your overall portfolio volatility.
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Is 3M's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 3M. If investors know 3M will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 3M listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.744
Dividend Share
6
Earnings Share
(12.63)
Revenue Per Share
59.002
Quarterly Revenue Growth
(0.01)
The market value of 3M Company is measured differently than its book value, which is the value of 3M that is recorded on the company's balance sheet. Investors also form their own opinion of 3M's value that differs from its market value or its book value, called intrinsic value, which is 3M's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 3M's market value can be influenced by many factors that don't directly affect 3M's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 3M's value and its price as these two are different measures arrived at by different means. Investors typically determine if 3M is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 3M's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.