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
HQSaint Paul, MN, US
Website3m.com
Employee Ratings3.9
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)96,163(+3%)
Job Openings1
Revenue (FY, 2019)$32.1 B(-1%)
Share Price (Jan 2021)$165.6
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
Ivan K. Fong

Ivan K. Fong

Senior Vice President, General Counsel and Secretary
Stephen M. Shafer

Stephen M. Shafer

Senior Vice President - Business Development and Marketing-Sales
Kristen M. Ludgate

Kristen M. Ludgate

Senior Vice President, Human Resources
Denise R. Rutherford

Denise R. Rutherford

Senior Vice President, Corporate Affairs
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3M Office Locations

3M has offices in Saint Paul, Aberdeen, Alexandria, Ames and in 125 other locations
Saint Paul, MN, US (HQ)
3M Center
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
Brookings, SD, US
601 22nd Ave S
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3M Financials and Metrics

3M Revenue

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3M's revenue was reported to be $32.14 b in FY, 2019 which is a 1.9% decrease from the previous period.
USD

Revenue (Q3, 2020)

8.4b

Gross profit (Q3, 2020)

4.0b

Gross profit margin (Q3, 2020), %

48.5%

Net income (Q3, 2020)

1.4b

EBIT (Q3, 2020)

1.9b

Market capitalization (15-Jan-2021)

95.5b

Closing stock price (15-Jan-2021)

165.6

Cash (30-Sept-2020)

4.1b

EV

111.8b
3M's current market capitalization is $95.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

31.7b32.8b32.1b

Revenue growth, %

5%4%(2%)

Cost of goods sold

16.0b16.7b17.1b

Gross profit

15.7b16.1b15.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

8.3b8.4b8.2b7.9b8.2b8.0b8.1b7.2b8.4b

Cost of goods sold

4.2b4.2b4.2b4.3b4.3b4.2b4.1b3.8b4.3b

Gross profit

4.0b4.2b4.0b3.6b3.9b3.8b4.0b3.4b4.0b

Gross profit Margin, %

49%50%49%45%47%48%49%47%48%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

3.1b2.9b2.4b

Accounts Receivable

4.9b5.0b4.8b

Prepaid Expenses

937.0m741.0m704.0m

Inventories

4.0b4.4b4.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

3.5b2.8b3.2b2.9b2.8b7.7b4.3b4.2b4.1b

Accounts Receivable

5.3b5.4b5.3b5.2b5.4b5.0b4.8b4.5b4.6b

Prepaid Expenses

832.0m713.0m745.0m713.0m949.0m717.0m604.0m567.0m516.0m

Inventories

4.3b4.2b4.4b4.5b4.3b4.0b4.2b4.2b4.0b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

4.9b5.4b4.6b

Depreciation and Amortization

1.5b1.5b1.6b

Inventories

(387.0m)(509.0m)370.0m

Accounts Payable

24.0m408.0m(117.0m)
Quarterly
USDFY, 2017

EV/EBIT

19.3 x

EV/CFO

24.2 x

Revenue/Employee

345.8k

Debt/Equity

1.2 x

Debt/Assets

0.4 x

Financial Leverage

3.3 x

P/E Ratio

29.5
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3M Operating Metrics

FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

205 182 171

Manufacturing Facilities (United States)

80 75 71

Manufacturing Facilities (Foreign)

125 107 100

Countries

38 37 36
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3M Acquisitions / Subsidiaries

Company NameDateDeal Size
AcelityMay 02, 2019$6.70 b
M ModalDecember 19, 2018
Elution TechnologiesSeptember 07, 2017
Scott SafetyMarch 16, 2017$2 b
SemfinderSeptember 06, 2016
Capital SafetyJune 23, 2015$2.50 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: 20.7% from Transportation and Electronics, 25.0% from Safety and Industrial, 11.0% from Consumer, 16.0% from Health Care, 11.0% from Consumer, 16.0% from Health Care and 0.5% from Other

3M revenue breakdown by geographic segment: 9.7% from Europe, Middle East and Africa, 15.2% from Asia Pacific, 20.5% from United States, 9.7% from Europe, Middle East and Africa, 15.2% from Asia Pacific, 20.5% from United States and 9.2% from Other

Human Capital Metrics

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3M Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

3M Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

3M Online and Social Media Presence

Embed Graph

3M Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B

    72/100

  • Compensation

    A-

    77/100

  • Diversity

    B-

    68/100

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3M News and Updates

Excellus will pay $5.1M to OCR after data breach affects 9.3M people

The breach lasted for more than a year and resulted in the disclosure of individuals' names, Social Security numbers and other protected health information.

Insights on the Bonding Films Global Market to 2027 - Featuring 3M, Arkema Group and DowDuPont Among Others

Dublin, Jan. 15, 2021 (GLOBE NEWSWIRE) -- The "Bonding Films - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 5th edition of this report. The 284-page report presents concise insights i…

Malaysian fintech firm Microleap banks $3.3m from MAA Group

The company looks to expand its Islamic P2P financing services to small and medium-sized enterprises in 2021.

HMRC issues record £28.3m fine for money laundering breaches

HMRC has issued a record £28.3m fine to Luton-based business MT Global, a money transfer company.  The fine is the The post HMRC issues record £28.3m fine for money laundering breaches appeared first on CityAM.

Insights on the Thermal Interface Materials Global Market to 2027 - Featuring 3M, Honeywell International and Indium Among Others

Dublin, Jan. 07, 2021 (GLOBE NEWSWIRE) -- The "Thermal Interface Materials - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The publisher brings years of research experience to the 8th edition of this report. The 301-page report presents conc…

GoGold Drills 2.0m of 928 g/t AgEq at El Favor in Los Ricos North within 15.3m of 174 g/t AgEq

Shares Outstanding: 265,238,134 Trading Symbols: TSX: GGD OTCQX: GLGDF HALIFAX, NS, Jan. 6, 2021 /PRNewswire/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release additional assay results from the Company's El Favor deposit on the Los Ricos...
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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 Ivan K. Fong.

  • How many employees does 3M have?

    3M has 96,163 employees.

  • What is 3M revenue?

    Latest 3M annual revenue is $32.1 b.

  • What is 3M revenue per employee?

    Latest 3M revenue per employee is $334.2 k.

  • Who are 3M competitors?

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

  • Where is 3M headquarters?

    3M headquarters is located at 3M Center, Saint Paul.

  • Where are 3M offices?

    3M has offices in Saint Paul, Aberdeen, Alexandria, Ames and in 125 other locations.

  • How many offices does 3M have?

    3M has 136 offices.