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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.) (Mar 2021)94,987(-1%)
Job Openings3,552
Revenue (FY, 2020)$32.2 B
Share Price (Jun 2021)$202.8
Cybersecurity ratingBMore

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
Eric D. Hammes

Eric D. Hammes

Executive Vice President, Enterprise Operations
Monish Patolawala

Monish Patolawala

Senior Vice President and Chief Financial Officer
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3M Office Locations

3M has offices in Maplewood, Aberdeen, Alexandria, Ames and in 119 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
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 $32.18 b in FY, 2020
USD

Revenue (FY, 2020)

32.2b

Gross profit (FY, 2020)

15.6b

Gross profit margin (FY, 2020), %

48.4%

Net income (FY, 2020)

5.4b

EBIT (FY, 2020)

7.2b

Market capitalization (11-Jun-2021)

117.6b

Closing stock price (11-Jun-2021)

202.8
3M's current market capitalization is $117.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

31.7b32.8b32.1b32.2b

Revenue growth, %

5%4%(2%)

Cost of goods sold

16.0b16.7b17.1b16.6b

Gross profit

15.7b16.1b15.0b15.6b
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, 2019FY, 2020

Cash

3.1b2.9b2.4b

Accounts Receivable

4.9b5.0b4.8b4.7b

Prepaid Expenses

937.0m741.0m704.0m675.0m

Inventories

4.0b4.4b4.1b4.2b
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, 2019FY, 2020

Net Income

4.9b5.4b4.6b5.4b

Depreciation and Amortization

1.5b1.5b1.6b1.9b

Inventories

(387.0m)(509.0m)370.0m(91.0m)

Accounts Payable

24.0m408.0m(117.0m)252.0m
Quarterly
USDFY, 2017

Revenue/Employee

345.8k

Debt/Equity

1.2 x

Debt/Assets

0.4 x

Financial Leverage

3.3 x
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3M Operating Metrics

FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

205182171

Manufacturing Facilities (United States)

807571

Manufacturing Facilities (Foreign)

125107100

Countries

383736
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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: 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

B

89/100

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

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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 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 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 119 other locations.

  • How many offices does 3M have?

    3M has 129 offices.