financial statements

The full income statement, balance sheet, and cash-flow statement for 3M Company (MMM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

See the live MMM chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	24.9B YoY+1.5%	24.6B YoY-0.1%	24.6B YoY-5.9%	26.2B YoY-26.0%	35.4B YoY+9.9%
Cost of revenue	15.0B YoY+3.8%	14.4B YoY-3.6%	15.0B YoY-5.5%	15.9B YoY-15.7%	18.8B YoY+13.2%
Research & development	—	700M YoY+0.0%	700M YoY-12.5%	800M YoY-33.3%	1.20B YoY+9.1%
Selling, general & administrative	4.00B YoY-5.3%	4.22B YoY-78.0%	19.2B YoY+165.5%	7.23B YoY+0.5%	7.20B YoY+3.9%
Amortization of intangibles	104M YoY-3.7%	108M YoY-15.0%	127M YoY+1.6%	125M YoY-76.4%	529M YoY-1.5%
Operating income	4.63B YoY-4.0%	4.82B YoY+145.1%	-10.7B YoY-344.7%	4.37B YoY-40.7%	7.37B YoY+2.9%
Interest expense	946M YoY-20.6%	1.19B YoY+26.4%	942M YoY+103.9%	462M YoY-5.3%	488M YoY-7.8%
Other non-operating income	-416M YoY-13766.7%	-3.00M YoY+99.5%	-582M YoY-252.7%	-165M YoY+0.0%	-165M YoY+54.9%
Equity-method income	—	—	—	11.0M YoY+10.0%	10.0M YoY+300.0%
Pre-tax income	4.21B YoY-12.6%	4.82B YoY+142.8%	-11.3B YoY-368.1%	4.20B YoY-41.6%	7.20B YoY+6.0%
Income tax	1.00B YoY+24.8%	804M YoY+128.0%	-2.87B YoY-1625.0%	188M YoY-85.4%	1.28B YoY-3.9%
	3.25B YoY-22.1%	4.17B YoY+159.7%	-7.00B YoY-221.1%	5.78B YoY-2.4%	5.92B YoY+8.7%
Income from continuing operations	3.25B YoY-18.9%	4.01B YoY+147.7%	-8.40B YoY-309.4%	4.01B	—
Net income to non-controlling interest	12.0M YoY-20.0%	15.0M YoY-6.3%	16.0M YoY+14.3%	14.0M YoY+75.0%	8.00M YoY+100.0%
	$6.00 YoY-20.5%	$7.55 YoY+159.8%	-$12.63 YoY-224.1%	$10.18 YoY+0.6%	$10.12 YoY+8.1%
EPS (basic)	$6.05 YoY-20.2%	$7.58 YoY+160.0%	-$12.63 YoY-223.7%	$10.21 YoY-0.2%	$10.23 YoY+8.5%
Weighted-avg shares (basic)	537M YoY-2.4%	551M YoY-0.6%	554M YoY-2.1%	566M YoY-2.2%	579M YoY+0.2%
Weighted-avg shares (diluted)	541M YoY-2.0%	552M YoY-0.3%	554M YoY-2.4%	568M YoY-3.0%	585M YoY+0.5%
Dividends per share	$2.92 YoY-19.1%	$3.61 YoY-39.8%	$6.00 YoY+0.7%	$5.96 YoY+0.7%	$5.92 YoY+0.7%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	16.4B YoY+3.2%	15.9B YoY-3.0%	16.4B YoY+11.5%	14.7B YoY-4.6%	15.4B YoY+2.8%
Cash & equivalents	5.24B YoY-6.5%	5.60B YoY-5.6%	5.93B YoY+62.3%	3.65B YoY-19.9%	4.56B YoY-1.5%
Short-term investments	805M YoY+0.0%	805M YoY+0.0%	805M YoY+0.0%	805M YoY+0.0%	805M YoY+99.3%
Accounts receivable	3.53B YoY+10.6%	3.19B YoY-11.3%	3.60B YoY-20.5%	4.53B YoY-2.7%	4.66B YoY-1.0%
Inventory	3.66B YoY-1.0%	3.70B YoY-6.2%	3.94B YoY-26.6%	5.37B YoY+7.8%	4.99B YoY+17.6%
Prepaid expenses	391M YoY-20.7%	493M YoY+43.3%	344M YoY-20.9%	435M YoY-33.5%	654M YoY-3.1%
Other current assets	2.82B YoY+266.1%	771M YoY+136.5%	326M YoY-28.5%	456M YoY+34.5%	339M YoY+4.3%
	37.7B YoY-5.4%	39.9B YoY-21.2%	50.6B YoY+8.9%	46.5B YoY-1.3%	47.1B YoY-0.6%
Property, plant & equipment	7.10B YoY-3.9%	7.39B YoY-3.9%	7.69B YoY-16.2%	9.18B YoY-2.7%	9.43B YoY+0.1%
Operating lease right-of-use	516M YoY-8.7%	565M YoY-14.0%	657M YoY-20.7%	829M YoY-3.4%	858M YoY-0.7%
Goodwill	6.42B YoY+2.2%	6.28B YoY-1.6%	6.38B YoY+0.7%	6.34B YoY-53.0%	13.5B YoY-2.3%
Intangible assets	1.10B YoY-8.8%	1.21B YoY-8.5%	1.32B YoY-71.8%	4.70B YoY-11.1%	5.29B YoY-9.4%
Long-term investments	31.0M YoY+0.0%	31.0M YoY+0.0%	31.0M YoY+0.0%	31.0M YoY+0.0%	31.0M YoY+3.3%
Deferred tax assets	4.15B YoY+0.0%	4.15B YoY-13.2%	4.78B YoY+398.3%	959M YoY+65.1%	581M YoY-33.3%
Other non-current assets	6.72B YoY-26.2%	9.11B YoY+33.8%	6.81B YoY+59.4%	4.27B YoY+63.8%	2.61B YoY+6.9%
	9.60B YoY-14.8%	11.3B YoY-26.4%	15.3B YoY+60.6%	9.52B YoY+5.4%	9.04B YoY+13.7%
Accounts payable	2.70B YoY+1.6%	2.66B YoY-4.2%	2.78B YoY-12.8%	3.18B YoY+6.3%	2.99B YoY+16.9%
Deferred revenue	15.0M YoY+0.0%	15.0M YoY-34.8%	23.0M YoY-95.7%	538M YoY+1.7%	529M YoY+6.2%
Short-term & current debt	1.67B YoY-13.0%	1.92B YoY+66.6%	1.15B YoY-40.6%	1.94B YoY+50.1%	1.29B YoY+62.6%
Current lease liability	167M YoY+2.5%	163M YoY-15.1%	192M YoY-26.4%	261M YoY-0.8%	263M YoY+2.7%
Other current liabilities	4.45B YoY-25.4%	5.96B YoY-10.4%	6.66B YoY+108.8%	3.19B YoY-0.0%	3.19B YoY-2.7%
	33.0B YoY-8.3%	36.0B YoY-21.3%	45.7B YoY+44.3%	31.7B YoY-0.8%	32.0B YoY-7.1%
Long-term debt	10.9B YoY-1.7%	11.1B YoY-15.0%	13.1B YoY-6.5%	14.0B YoY-12.8%	16.1B YoY-10.7%
Deferred revenue (non-current)	37.0M YoY+0.0%	37.0M YoY+0.0%	37.0M YoY+0.0%	37.0M YoY+0.0%	37.0M YoY+0.0%
Non-current lease liability	363M YoY-10.4%	405M YoY-12.7%	464M YoY-20.0%	580M YoY-1.9%	591M YoY-3.0%
Deferred tax liabilities	354M YoY+0.0%	354M YoY+12.4%	315M YoY-43.6%	559M YoY+22.1%	458M YoY+37.5%
Other non-current liabilities	10.8B YoY-8.1%	11.8B YoY-16.0%	14.0B YoY+149.7%	5.62B YoY+65.0%	3.40B YoY-1.7%
	4.70B YoY+22.4%	3.84B YoY-20.1%	4.81B YoY-67.3%	14.7B YoY-2.2%	15.0B YoY+16.9%
Common stock	9.00M YoY+0.0%	9.00M YoY+0.0%	9.00M YoY+0.0%	9.00M YoY+0.0%	9.00M YoY+0.0%
Additional paid-in capital	7.44B YoY+2.9%	7.23B YoY+3.9%	6.96B YoY+4.0%	6.69B YoY+4.1%	6.43B YoY+4.3%
Retained earnings	38.3B YoY+4.0%	36.8B YoY-1.8%	37.5B YoY-21.8%	48.0B YoY+4.6%	45.8B YoY+4.6%
Treasury stock	35.9B YoY+4.3%	34.5B YoY+4.9%	32.9B YoY-1.2%	33.3B YoY+9.2%	30.5B YoY+3.6%
Accumulated other comprehensive income	-5.07B YoY+11.6%	-5.73B YoY+15.4%	-6.78B YoY-1.6%	-6.67B YoY+1.1%	-6.75B YoY+12.6%
Non-controlling interest	45.0M YoY-13.5%	52.0M YoY-14.8%	61.0M YoY+27.1%	48.0M YoY-32.4%	71.0M YoY+10.9%
Total equity incl. non-controlling	4.75B YoY+21.9%	3.89B YoY-20.0%	4.87B YoY-67.0%	14.8B YoY-2.3%	15.1B YoY+16.9%
Total liabilities & equity	37.7B YoY-5.4%	39.9B YoY-21.2%	50.6B YoY+8.9%	46.5B YoY-1.3%	47.1B YoY-0.6%
Common shares issued	944M YoY+0.0%	944M YoY+0.0%	944M YoY+0.0%	944M YoY+0.0%	944M YoY+0.0%
Common shares outstanding	530M YoY-1.7%	539M YoY-2.4%	553M YoY+0.6%	549M YoY-4.0%	572M YoY-1.0%
Shares outstanding (cover)	531M YoY-2.4%	545M YoY-1.4%	552M YoY-0.1%	553M YoY-4.1%	576M YoY-0.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.31B YoY+26.8%	1.82B YoY-72.8%	6.68B YoY+19.5%	5.59B YoY-25.0%	7.45B YoY-8.1%
Depreciation & amortization	1.31B YoY-4.0%	1.36B YoY-31.4%	1.99B YoY+8.5%	1.83B YoY-4.4%	1.92B YoY+0.2%
Share-based compensation	225M YoY-22.1%	289M YoY+5.5%	274M YoY+4.2%	263M YoY-4.0%	274M YoY+4.6%
Deferred income taxes	418M YoY+30.2%	321M YoY+108.3%	-3.85B YoY-481.4%	-663M YoY-299.4%	-166M YoY-0.6%
Change in receivables	211M YoY+285.1%	-114M YoY-167.1%	170M YoY+61.9%	105M YoY-13.9%	122M YoY+173.9%
Change in inventory	-139M YoY-239.0%	-41.0M YoY+92.8%	-567M YoY-190.1%	629M YoY-30.3%	903M YoY+892.3%
Change in payables	21.0M YoY-54.3%	46.0M YoY-66.7%	138M YoY+24.3%	111M YoY-78.6%	518M YoY+105.6%
	1.35B YoY+142.1%	-3.21B YoY-165.6%	-1.21B YoY-15.4%	-1.05B YoY+20.6%	-1.32B YoY-127.1%
Capital expenditure	910M YoY-22.9%	1.18B YoY-26.9%	1.61B YoY-7.7%	1.75B YoY+9.1%	1.60B YoY+6.8%
Acquisitions	—	—	—	0.00	0.00 YoY-100.0%
Purchases of investments	1.30B YoY-68.6%	4.15B YoY+183.3%	1.47B YoY+17.3%	1.25B YoY-43.2%	2.20B YoY+39.5%
Sales/maturities of investments	3.47B YoY+67.2%	2.07B YoY+24.9%	1.66B YoY+31.6%	1.26B YoY-47.6%	2.41B YoY+32.9%
Other investing activities	3.00M YoY-57.1%	7.00M YoY+120.0%	-35.0M YoY-3400.0%	-1.00M YoY+96.8%	-31.0M YoY-210.0%
	-4.02B YoY-465.8%	1.10B YoY+134.9%	-3.15B YoY+41.2%	-5.35B YoY+12.9%	-6.14B YoY-15.9%
Common stock repurchased	3.25B YoY+80.5%	1.80B YoY+5357.6%	33.0M YoY-97.7%	1.46B YoY-33.4%	2.20B YoY+497.6%
Dividends paid	1.56B YoY-21.2%	1.98B YoY-40.1%	3.31B YoY-1.7%	3.37B YoY-1.5%	3.42B YoY+0.9%
Other financing activities	-49.0M YoY+49.0%	-96.0M YoY-357.1%	-21.0M YoY+65.0%	-60.0M YoY-200.0%	-20.0M YoY+79.6%
Net change in cash	-365M YoY-9.6%	-333M YoY-114.6%	2.28B YoY+350.6%	-909M YoY-1198.6%	-70.0M YoY-103.1%
Interest paid	467M YoY-7.5%	505M YoY-2.9%	520M YoY+18.2%	440M YoY-6.8%	472M YoY-9.9%
Income taxes paid	800M YoY-6.1%	852M YoY-38.4%	1.38B YoY+4.8%	1.32B YoY-22.1%	1.70B YoY+25.5%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	85.0B YoY+21.0%	70.3B YoY+39.2%	50.5B YoY-8.9%	55.4B YoY-35.2%	85.6B YoY+1.5%
P/E	26.2× YoY+55.3%	16.8×	—	8.4× YoY-41.7%	14.5× YoY-6.8%
P/S	3.4× YoY+19.2%	2.9× YoY+5.5%	2.7× YoY+70.1%	1.6× YoY-34.1%	2.4× YoY-7.6%
P/B	18.1× YoY-1.1%	18.3× YoY+69.3%	10.8× YoY+174.5%	3.9× YoY-30.8%	5.7× YoY-13.2%
P/FCF	60.9× YoY-44.7%	110.2× YoY+959.2%	10.4× YoY-27.3%	14.3× YoY-2.2%	14.6× YoY+14.7%
Earnings yield	3.8% YoY-35.6%	5.9%	—	11.9% YoY+71.5%	6.9% YoY+7.3%
FCF yield	1.6% YoY+80.9%	0.9% YoY-90.6%	9.6% YoY+37.5%	7.0% YoY+2.3%	6.8% YoY-12.8%
Dividend yield	1.8% YoY-34.8%	2.8% YoY-57.4%	6.6% YoY+10.4%	5.9% YoY+49.1%	4.0% YoY-0.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: MMM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MMM filings on SEC EDGAR → Not investment advice.

MMM▼ financial statements

About this data

financial statements