3M

Industrials Industrial Conglomerates Saint Paul, Minnesota Last filing Feb 3, 2026 · FY2025

                    Revenue
                    FY2025
                
$24.9B
                    3y CAGR -1.6%
                    
                    P17
                    
                    +1.5%
                    
                    Net income
                    FY2025
                
$3.2B
                    Net margin +13.0%
                    
                    P54
                    
                    -22.1%
                    
                    Total assets
                    FY2025
                
$37.7B
                    ROA +8.6%
                    
                    P57
                    
                    -5.4%
                    
                    Operating cash flow
                    FY2025
                
$2.3B
                    FCF margin +5.6%
                    
                    P10
                    
                    +26.8%

20 yrs · FY2006–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

34 accounts · 3 years

Total assets $37.7B

Total liabilities $33.0B

Shareholders equity $4.7B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	13.9%	14.0%	11.7%
Short Term Investments	1.8%	5.3%	0.1%
Accounts Receivable	9.4%	8.0%	9.4%
Inventory	9.7%	9.3%	9.5%
Prepaid Expenses	1.0%	1.1%	1.0%
Other Current Assets	7.5%	2.1%	0.7%
Total Current Assets	43.4%	39.8%	32.4%
Property,Plant and Equipment	18.8%	18.5%	18.1%
Operating Lease Assets	1.4%	1.4%	1.5%
Goodwill	17.0%	15.8%	12.6%
Intangible Assets	2.9%	3.0%	8.4%
Deferred Tax Assets	11.1%	11.0%	9.7%
Other Noncurrent Assets	17.8%	21.4%	14.1%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	7.2%	6.7%	6.4%
Accrued Liabilities	1.9%	2.6%	1.7%
Current Portion of Long Term Debt	4.4%	4.8%	2.3%
Operating Lease Liabilities	0.4%	0.4%	0.4%
Other Current Liabilities	11.8%	13.7%	15.0%
Total Current Liabilities	25.4%	28.2%	30.2%
Long Term Debt	29.0%	32.7%	28.2%
Operating Lease Liabilities Noncurrent	1.0%	1.0%	1.1%
Deferred Tax Liabilities	2.1%	1.5%	1.0%
Other Noncurrent Liabilities	28.7%	28.5%	28.3%
Total Liabilities	87.4%	90.2%	90.4%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	19.7%	18.1%	13.8%
Retained Earnings	101.4%	92.3%	74.1%
Treasury Stock	8.6%	4.6%	0.1%
Accumulated Other Comprehensive Income	-13.4%	-14.4%	-13.4%
Noncontrolling Interest	0.1%	0.1%	0.1%
Total Stockholders Equity	12.5%	9.6%	9.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

18 accounts · 3 years

Revenue $24.9B

Operating income $4.6B

Net income $3.2B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	66.1%	61.6%	48.7%
Expenses Cost of Revenue	39.7%	36.2%	29.6%
Expenses Selling,General and Administrative	10.6%	10.6%	38.0%
Expenses Depreciation and Amortization	3.5%	3.4%	3.9%
Expenses Share Based Compensation	0.6%	0.7%	0.5%
Expenses Operating Expenses	53.8%	49.5%	69.8%
Other Income Expense Operating Income	12.3%	12.1%	-21.1%
Other Income Expense Interest Income	0.6%	1.1%	0.5%
Other Income Expense Interest Expense	1.2%	1.2%	1.9%
Other Income Expense Other Income/expense	-1.1%	-0.0%	-1.2%
Other Income Expense Income Before Tax	11.2%	12.1%	-22.3%
Income Tax Income Tax Expense	2.7%	2.0%	-5.7%
net Income net Income	8.6%	10.5%	-13.8%
net Income Comprehensive Income	10.3%	11.6%	-14.0%
Earnings Per Share Basic Eps	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Basic	1.4%	1.4%	1.1%
Earnings Per Share Weighted Average Shares Diluted	1.4%	1.4%	1.1%

Cash Flow Statement

Operating, investing, and financing flows

18 accounts · 3 years

Operating cash flow $2.3B

Investing cash flow $1.4B

Financing cash flow $-4.0B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	8.6%	10.5%	-13.8%
Operating Activities Depreciation and Amortization	3.5%	3.4%	3.9%
Operating Activities Stock Based Compensation	0.6%	0.7%	0.5%
Operating Activities Deferred Income Taxes	1.1%	0.8%	-7.6%
Operating Activities Changes In Operating Assets and Liabilities	0.2%	-0.3%	-0.5%
Operating Activities net Cash From Operating Activities	6.1%	4.6%	13.2%
Investing Activities Capital Expenditures	2.4%	3.0%	3.2%
Investing Activities Purchases of Investments	3.5%	10.4%	2.9%
Investing Activities Other Investing Activities	0.0%	0.0%	-0.1%
Investing Activities net Cash From Investing Activities	3.6%	-8.0%	-2.4%
Financing Activities Repurchase of Common Stock	8.6%	4.5%	0.1%
Financing Activities Dividends Paid	4.1%	5.0%	6.5%
Financing Activities Other Financing Activities	-0.1%	-0.2%	-0.0%
Financing Activities net Cash From Financing Activities	-10.6%	2.8%	-6.2%
Cash Reconciliation Effect of Exchange Rate On Cash	13.9%	14.0%	11.7%
Cash Reconciliation net Change In Cash	-1.0%	-0.8%	4.5%
Cash Reconciliation Cash At Beginning of Period	13.9%	14.0%	11.7%
Cash Reconciliation Cash At End of Period	13.9%	14.0%	11.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+39.9%	+41.2%	+39.1%
Operating margin	+18.6%	+19.6%	-43.4%
Net margin	+13.0%	+17.0%	-28.4%
FCF margin	+5.6%	+2.6%	+20.6%
Growth
Revenue CAGR (3y)	-1.6%	-11.4%	-8.6%
Returns
ROE	+69.1%	+108.6%	-145.5%
ROA	+8.6%	+10.5%	-13.8%
ROIC	+29.2%	+30.4%	-74.9%
Liquidity
Current ratio	1.71x	1.41x	1.07x
Quick ratio	0.91x	0.78x	0.70x
Leverage
D/E	7.02x	9.36x	9.51x
Interest coverage	10.33x	10.22x	-11.35x
Efficiency
Asset turnover	0.66x	0.62x	0.49x
Cash conversion cycle	+75d	+74d	+109d

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3M

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