TTM
39.5%
YoY change
−1.46pp
Trough year (1988)
23.8%
Peak year (2005)
50.8%
Latest annual
39.6%
Gross Margin history chart for 3M (MMM) from 1985 to 2025
Latest: 39.6%
Gross Margin change chart for 3M (MMM) from 1985 to 2025
Latest: −1.46pp
Gross Margin history table for 3M (MMM) from 1985 to 2025
| 2025 | 39.6% | -1.46pp | ||
| 2024 | 41.0% | +2.12pp | ||
| 2023 | 38.9% | -4.82pp | ||
| 2022 | 43.7% | -3.26pp | ||
| 2021 | 47.0% | -1.49pp | ||
| 2020 | 48.5% | +0.85pp | ||
| 2019 | 47.6% | -1.78pp | ||
| 2018 | 49.4% | -0.06pp | ||
| 2017 | 49.5% | -0.27pp | ||
| 2016 | 49.7% | +1.04pp | ||
| 2015 | 48.7% | +0.43pp | ||
| 2014 | 48.3% | +0.46pp | ||
| 2013 | 47.8% | +0.28pp | ||
| 2012 | 47.5% | +0.25pp | ||
| 2011 | 47.3% | -1.12pp | ||
| 2010 | 48.4% | +0.44pp | ||
| 2009 | 47.9% | +0.32pp | ||
| 2008 | 47.6% | -0.61pp | ||
| 2007 | 48.2% | -1.23pp | ||
| 2006 | 49.5% | -1.37pp | ||
| 2005 | 50.8% | +0.59pp | ||
| 2004 | 50.2% | +1.16pp | ||
| 2003 | 49.1% | +1.09pp | ||
| 2002 | 48.0% | +2.39pp | ||
| 2001 | 45.6% | -1.87pp | ||
| 2000 | 47.5% | +3.99pp | ||
| 1999 | 43.5% | +1.42pp | ||
| 1998 | 42.0% | -1.02pp | ||
| 1997 | 43.1% | -0.04pp | ||
| 1996 | 43.1% | +0.46pp | ||
| 1995 | 42.6% | +2.30pp | ||
| 1994 | 40.3% | -6.49pp | ||
| 1993 | 46.8% | -0.87pp | ||
| 1992 | 47.7% | +0.85pp | ||
| 1991 | 46.9% | -0.34pp | ||
| 1990 | 47.2% | -0.71pp | ||
| 1989 | 47.9% | +24.14pp | ||
| 1988 | 23.8% | -23.74pp | ||
| 1987 | 47.5% | +0.61pp | ||
| 1986 | 46.9% | +1.74pp | ||
| 1985 | 45.2% | — |
- 202539.6%-1.46pp
- 202441.0%+2.12pp
- 202338.9%-4.82pp
- 202243.7%-3.26pp
- 202147.0%-1.49pp
- 202048.5%+0.85pp
- 201947.6%-1.78pp
- 201849.4%-0.06pp
- 201749.5%-0.27pp
- 201649.7%+1.04pp
- 201548.7%+0.43pp
- 201448.3%+0.46pp
- 201347.8%+0.28pp
- 201247.5%+0.25pp
- 201147.3%-1.12pp
- 201048.4%+0.44pp
- 200947.9%+0.32pp
- 200847.6%-0.61pp
- 200748.2%-1.23pp
- 200649.5%-1.37pp
- 200550.8%+0.59pp
- 200450.2%+1.16pp
- 200349.1%+1.09pp
- 200248.0%+2.39pp
- 200145.6%-1.87pp
- 200047.5%+3.99pp
- 199943.5%+1.42pp
- 199842.0%-1.02pp
- 199743.1%-0.04pp
- 199643.1%+0.46pp
- 199542.6%+2.30pp
- 199440.3%-6.49pp
- 199346.8%-0.87pp
- 199247.7%+0.85pp
- 199146.9%-0.34pp
- 199047.2%-0.71pp
- 198947.9%+24.14pp
- 198823.8%-23.74pp
- 198747.5%+0.61pp
- 198646.9%+1.74pp
- 198545.2%—
Gross Margin values are taken from 3M's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at 3M (MMM)
According to 3M's latest reported financial statements, the company's latest reported gross margin is 39.5%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of 3M (MMM) gross margin is 39.55% – contracted 1.5 percentage points year-over-year.
The highest annual gross margin of 50.83% was reported in 2005. The lowest in the available history was 23.77% in 1988.
3M Gross Margin by Year
3M Gross Margin 2025: 39.6%
3M posted gross margin of 39.55% in 2025, contracted 1.5 percentage points from 2024.
3M Gross Margin 2024: 41.0%
In 2024, 3M reported gross margin of 41.02%, expanded 2.1 percentage points from 2023.
3M Gross Margin 2023: 38.9%
3M gross margin in 2023 was 38.90%, contracted 4.8 percentage points from 2022.
3M Gross Margin 2022: 43.7%
2022's gross margin for 3M came in at 43.72%, contracted 3.3 percentage points from 2021.
3M Gross Margin 2021: 47.0%
3M gross margin in 2021 was 46.99%.
See more financial history for 3M (MMM).
Sector peers by Gross Margin
Industrials peers of 3M (MMM), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
Frequently asked questions
3M (MMM) Key Financials
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