OverviewSuggest Edit

3M (formerly Minnesota Mining and Manufacturing) is a diversified technology company with expertise in product development, manufacturing, and marketing. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment specializes in personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. The Transportation and Electronics segment is focused on electronics (display materials and systems, electronic materials solutions), automotive and aerospace, commercial solutions, advanced materials, and transportation safety. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems, inhalation and transdermal drug delivery systems, and food safety products. The Consumer segment includes office supply, stationery, home improvement products, home care products, protective material products, certain consumer retail personal safety products, and consumer health care products.
TypePublic
Founded1902
HQMaplewood, MN, US
Website3m.com
Employee Ratings3.9
Overall CultureC

Latest Updates

Employees (est.) (Dec 2020)94,987(-1%)
Job Openings3,935
Revenue (FY, 2020)$32.2 B
Share Price (Sept 2021)$184.2
Cybersecurity ratingAMore

Key People/Management at 3M

Michael F. Roman

Michael F. Roman

Chairman of the Board and Chief Executive Officer
John P. Banovetz

John P. Banovetz

Senior Vice President, Innovation and Stewardship and Chief Technology Officer
Stephen M. Shafer

Stephen M. Shafer

President of Automotive and Aerospace Solutions Division
Eric D. Hammes

Eric D. Hammes

Executive Vice President, Enterprise Operations
Zoe Dickson

Zoe Dickson

Executive Vice President and Chief Human Resources Officer
Ivan K. Fong

Ivan K. Fong

Executive Vice President, Chief Legal and Policy Officer and Secretary
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3M Office Locations

3M has offices in Maplewood, Aberdeen, Alexandria, Ames and in 138 other locations
Maplewood, MN, US (HQ)
2501 Hudson Rd
Aberdeen, SD, US
610 Co Rd 19
Alexandria, MN, US
2115 S Broadway St
Ames, IA, US
900 Dayton Ave
Angleton, TX, US
1508 E Cedar St
Boulder, CO, US
1930 Central Ave Suite F
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3M Financials and Metrics

3M Revenue

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3M's revenue was reported to be $32.18 b in FY, 2020 which is a 0.1% increase from the previous period.
USD

Revenue (Q2, 2021)

9.0b

Gross profit (Q2, 2021)

4.2b

Gross profit margin (Q2, 2021), %

47.3%

Net income (Q2, 2021)

1.5b

EBIT (Q2, 2021)

2.0b

Market capitalization (15-Sept-2021)

106.6b

Closing stock price (15-Sept-2021)

184.2

Cash (30-Jun-2021)

4.7b

EV

121.0b
3M's current market capitalization is $106.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

32.8b32.1b32.2b

Revenue growth, %

4%(2%)0%

Cost of goods sold

16.7b17.1b16.6b

Gross profit

16.1b15.0b15.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

7.9b8.2b8.0b8.1b7.2b8.4b8.9b9.0b

Cost of goods sold

4.3b4.3b4.2b4.1b3.8b4.3b4.5b4.7b

Gross profit

3.6b3.9b3.8b4.0b3.4b4.0b4.3b4.2b

Gross profit Margin, %

45%47%48%49%47%48%49%47%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.9b2.4b4.6b

Accounts Receivable

5.0b4.8b4.7b

Prepaid Expenses

741.0m704.0m675.0m

Inventories

4.4b4.1b4.2b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

2.9b2.8b7.7b4.3b4.2b4.1b4.6b4.7b

Accounts Receivable

5.2b5.4b5.0b4.8b4.5b4.6b4.8b5.0b

Prepaid Expenses

713.0m949.0m717.0m604.0m567.0m516.0m535.0m633.0m

Inventories

4.5b4.3b4.0b4.2b4.2b4.0b4.5b4.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

5.4b4.6b5.4b

Depreciation and Amortization

1.5b1.6b1.9b

Inventories

(509.0m)370.0m(91.0m)

Accounts Payable

408.0m(117.0m)252.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

893.0m2.0b3.6b1.3b2.6b4.0b1.6b3.2b

Depreciation and Amortization

375.0m751.0m1.1b440.0m932.0m1.4b460.0m932.0m

Inventories

(178.0m)75.0m255.0m(207.0m)(198.0m)43.0m(304.0m)(644.0m)

Accounts Payable

(3.0m)(173.0m)(222.0m)12.0m(269.0m)(48.0m)155.0m411.0m
USDFY, 2018

EV/EBIT

17 x

EV/CFO

19.1 x

Revenue/Employee

350.4k

Debt/Equity

1.5 x

Debt/Assets

0.4 x

Financial Leverage

3.7 x

P/E Ratio

21.4
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3M Operating Metrics

FY, 2018FY, 2019FY, 2020

Manufacturing Facilities

182171161

Manufacturing Facilities (United States)

757164

Manufacturing Facilities (Foreign)

10710097

States

292929
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3M Acquisitions / Subsidiaries

Company NameDateDeal Size
AcelityMay 02, 2019$6.7 b
M ModalDecember 19, 2018
Elution TechnologiesSeptember 07, 2017
Scott SafetyMarch 16, 2017$2 b
SemfinderSeptember 06, 2016
Capital SafetyJune 23, 2015$2.5 b
Polypore (Separations Media Business)February 23, 2015$1 b
Ivera MedicalFebruary 19, 2015
Treo SolutionsFebruary 21, 2014
CeradyneNovember 29, 2012
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3M Revenue Breakdown

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3M revenue breakdown by business segment: 15.6% from Consumer, 24.3% from Health Care, 34.3% from Safety and Industrial, 25.8% from Transportation and Electronics and -0.0% from Other

3M revenue breakdown by geographic segment: 51.3% from Americas, 19.0% from Europe, Middle East and Africa and 29.7% from Asia Pacific

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3M Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

3M Online and Social Media Presence

Embed Graph

3M Company Culture

  • Overall Culture

    C

    72/100

  • CEO Rating

    C-

    68/100

  • Compensation

    A+

    89/100

  • Diversity

    D+

    70/100

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3M News and Updates

3M stock sinks to lead the Dow's losers, heads for first close below 200-DMA in 13 months

Shares of 3M Co. MMM sank 3.0% in morning trading Tuesday, enough to pace the Dow Jones Industrial Average's DJIA decliners and to put them on track to close at a 5 1/2-month low.

3M ( MMM falls 0 . 26 % to Close at $194 . 39 on September 3

3M ( MMM falls 0 . 26 % to Close at $194 . 39 on September 3

Swansea factory 3M to close with 89 job losses

Technology firm 3M held a consultation on the future of the site in Penllergaer, Swansea.

Swansea factory 3M to close with 89 job losses

Swansea factory 3M to close with 89 job losses
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3M Blogs

3M and The BrandLab Team up to Expand Diversity in the Design Sector

Dateline City: ST. PAUL, Minn. Partnership inspires next generation of diverse talent to pursue creative careers ST. PAUL, Minn.--(BUSINESS WIRE)--3M and The BrandLab (TBL) tod…

Thriving Through Change at 3M

Embrace your best self each day with tips from 3Mers who've thrived through change on the job. Whether you’re seeking a shift in your career or it’s presented to you, change is an inevitable part of personal and professional growth. Change f…

3M Announces Upcoming Investor Event Update

Dateline City: ST. PAUL, Minn. ST. PAUL, Minn.--(BUSINESS WIRE)--3M (NYSE: MMM) today announced an update to the following investor event: The J.P. Morgan Industrials Conference on Tuesday, March 10, 2020, is now a virtual event. Mik…

The Importance of Advocacy and Equality on International Women's Day, and Everyday

International Women’s Day not only belongs to not one specific country, group or organization. It belongs to the collective, everywhere. Each year, on March 8, people around the globe come together to celebrate the social, economic, cultural and political achievements of women, in addition to rais…

Focusing on people, product during the coronavirus outbreak

In Aberdeen, South Dakota, Tim Hofer stood in front of a production line that was turning out thousands of 3M N95 respirators. The plant was running around the clock in response to the coronavirus outbreak – and the resulting global demand for respirators. “We know what we have to do, we know we ne…

3M named one of the 2020 World's Most Ethical Companies for the 7th year in a row

The Ethisphere Institute today recognized 3M for ethics and integrity in business conduct and compliance for the seventh straight year. 3M is one of only eight industrial companies worldwide to be honored this year. Recognizing that corporate integrity, character and transparency impact the public …
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3M Frequently Asked Questions

  • When was 3M founded?

    3M was founded in 1902.

  • Who are 3M key executives?

    3M's key executives are Michael F. Roman, John P. Banovetz and Stephen M. Shafer.

  • How many employees does 3M have?

    3M has 94,987 employees.

  • What is 3M revenue?

    Latest 3M annual revenue is $32.2 b.

  • What is 3M revenue per employee?

    Latest 3M revenue per employee is $338.8 k.

  • Who are 3M competitors?

    Competitors of 3M include General Electric, Emerson and Honeywell.

  • Where is 3M headquarters?

    3M headquarters is located at 2501 Hudson Rd, Maplewood.

  • Where are 3M offices?

    3M has offices in Maplewood, Aberdeen, Alexandria, Ames and in 138 other locations.

  • How many offices does 3M have?

    3M has 153 offices.