TTM
19.6%
YoY change
−1.78pp
Trough year (2022)
11.9%
Peak year (2018)
23.7%
Latest annual
18.3%
Operating Margin history chart for 3M (MMM) from 1985 to 2025
Latest: 18.3%
Operating Margin change chart for 3M (MMM) from 1985 to 2025
Latest: −1.78pp
Operating Margin history table for 3M (MMM) from 1985 to 2025
| 2025 | 18.3% | -1.78pp | ||
| 2024 | 20.1% | +3.62pp | ||
| 2023 | 16.4% | +4.55pp | ||
| 2022 | 11.9% | -9.39pp | ||
| 2021 | 21.3% | -0.33pp | ||
| 2020 | 21.6% | -0.09pp | ||
| 2019 | 21.7% | -2.03pp | ||
| 2018 | 23.7% | +0.90pp | ||
| 2017 | 22.8% | -0.49pp | ||
| 2016 | 23.3% | +0.62pp | ||
| 2015 | 22.7% | +0.32pp | ||
| 2014 | 22.4% | +0.80pp | ||
| 2013 | 21.6% | -0.08pp | ||
| 2012 | 21.7% | +0.52pp | ||
| 2011 | 21.1% | -1.33pp | ||
| 2010 | 22.5% | +0.90pp | ||
| 2009 | 21.6% | -0.24pp | ||
| 2008 | 21.8% | -0.21pp | ||
| 2007 | 22.0% | -0.48pp | ||
| 2006 | 22.5% | -0.58pp | ||
| 2005 | 23.1% | +0.20pp | ||
| 2004 | 22.9% | +2.51pp | ||
| 2003 | 20.4% | +1.71pp | ||
| 2002 | 18.7% | +4.51pp | ||
| 2001 | 14.1% | -4.15pp | ||
| 2000 | 18.3% | -0.59pp | ||
| 1999 | 18.9% | +5.30pp | ||
| 1998 | 13.6% | -4.18pp | ||
| 1997 | 17.8% | +0.25pp | ||
| 1996 | 17.5% | +1.00pp | ||
| 1995 | 16.5% | +1.57pp | ||
| 1994 | 14.9% | +0.98pp | ||
| 1993 | 14.0% | -0.41pp | ||
| 1992 | 14.4% | -0.32pp | ||
| 1991 | 14.7% | -2.14pp | ||
| 1990 | 16.8% | -1.10pp | ||
| 1989 | 17.9% | +0.14pp | ||
| 1988 | 17.8% | +1.06pp | ||
| 1987 | 16.7% | +0.34pp | ||
| 1986 | 16.4% | +1.73pp | ||
| 1985 | 14.7% | — |
- 202518.3%-1.78pp
- 202420.1%+3.62pp
- 202316.4%+4.55pp
- 202211.9%-9.39pp
- 202121.3%-0.33pp
- 202021.6%-0.09pp
- 201921.7%-2.03pp
- 201823.7%+0.90pp
- 201722.8%-0.49pp
- 201623.3%+0.62pp
- 201522.7%+0.32pp
- 201422.4%+0.80pp
- 201321.6%-0.08pp
- 201221.7%+0.52pp
- 201121.1%-1.33pp
- 201022.5%+0.90pp
- 200921.6%-0.24pp
- 200821.8%-0.21pp
- 200722.0%-0.48pp
- 200622.5%-0.58pp
- 200523.1%+0.20pp
- 200422.9%+2.51pp
- 200320.4%+1.71pp
- 200218.7%+4.51pp
- 200114.1%-4.15pp
- 200018.3%-0.59pp
- 199918.9%+5.30pp
- 199813.6%-4.18pp
- 199717.8%+0.25pp
- 199617.5%+1.00pp
- 199516.5%+1.57pp
- 199414.9%+0.98pp
- 199314.0%-0.41pp
- 199214.4%-0.32pp
- 199114.7%-2.14pp
- 199016.8%-1.10pp
- 198917.9%+0.14pp
- 198817.8%+1.06pp
- 198716.7%+0.34pp
- 198616.4%+1.73pp
- 198514.7%—
Operating 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 Operating Margin at 3M (MMM)
According to 3M's latest reported financial statements, the company's latest reported operating margin is 19.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, 3M (MMM) reported operating margin of 18.29% – contracted 1.8 percentage points year-over-year.
23.73% stands as the all-time-high annual operating margin, posted in 2018, against a low of 11.90% during 2022.
3M Operating Margin by Year
3M Operating Margin 2025: 18.3%
In 2025, 3M reported operating margin of 18.29%, contracted 1.8 percentage points from 2024.
3M Operating Margin 2024: 20.1%
3M operating margin in 2024 was 20.07%, expanded 3.6 percentage points from 2023.
3M Operating Margin 2023: 16.4%
2023's operating margin for 3M came in at 16.44%, expanded 4.5 percentage points from 2022.
3M Operating Margin 2022: 11.9%
3M posted operating margin of 11.90% in 2022, contracted 9.4 percentage points from 2021. This figure represents the lowest annual value in the available history.
3M Operating Margin 2021: 21.3%
3M operating margin in 2021 was 21.29%.
See more financial history for 3M (MMM).
Sector peers by Operating Margin
Industrials peers of 3M (MMM), ranked by their latest operating margin
| 40.1% | |
| 18.5% | |
| 18.1% | |
| 17.9% | |
| 16.6% | |
| 14.9% | |
| 10.9% | |
| -5.9% |
- 40.1%
- 18.5%
- 17.9%
- 16.6%
- 10.9%
- -5.9%
Frequently asked questions
3M (MMM) Key Financials
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