3M Co
NYSE:MMM
3M Co
Gross Profit
3M Co
Gross Profit Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Gross Profit | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
3M Co
NYSE:MMM
|
Gross Profit
$11.3B
|
CAGR 3-Years
-13%
|
CAGR 5-Years
-6%
|
CAGR 10-Years
-3%
|
||
R
|
Roper Technologies Inc
F:ROP
|
Gross Profit
$4.7B
|
CAGR 3-Years
8%
|
CAGR 5-Years
7%
|
CAGR 10-Years
9%
|
|
General Electric Co
NYSE:GE
|
Gross Profit
$14.4B
|
CAGR 3-Years
-6%
|
CAGR 5-Years
-8%
|
CAGR 10-Years
12%
|
||
Honeywell International Inc
NASDAQ:HON
|
Gross Profit
$14.2B
|
CAGR 3-Years
8%
|
CAGR 5-Years
3%
|
CAGR 10-Years
2%
|
||
Icahn Enterprises LP
NASDAQ:IEP
|
Gross Profit
$807m
|
CAGR 3-Years
-37%
|
CAGR 5-Years
20%
|
CAGR 10-Years
-14%
|
||
B
|
Brookfield Business Corp
TSX:BBUC
|
Gross Profit
$889m
|
CAGR 3-Years
-7%
|
CAGR 5-Years
15%
|
CAGR 10-Years
N/A
|
3M Co
Glance View
3M Co., originally the Minnesota Mining and Manufacturing Company, has a storied history that reflects its innovative spirit and adaptability. Founded in 1902, initially aiming to mine minerals for grinding wheels, the company pivoted after early challenges. It discovered its true potential in materials innovation rather than mining. This change in focus led to the invention of now-iconic products such as sandpaper and masking tape in the early 20th century. The company's growth surged as it diversified its product lines to encompass a wide array of industrial and consumer goods. Today, 3M stands as a multifaceted conglomerate with operations spread across the globe, dealing in sectors that include health care, consumer goods, and worker safety. The magic of 3M lies in its mastery of material science, with its revenue generation deeply rooted in its ability to leverage over 55,000 products that touch nearly every aspect of daily life and industry operations. 3M innovates by consistently investing in research and development, spending about 6% of its revenue annually to fuel progress. This dedication results in a constant flow of new offerings across diverse markets, encompassing adhesives, abrasives, and medical supplies to name a few. Additionally, 3M's business model thrives on efficiency and quality, backed by a vast portfolio of patents reinforcing its competitive edge. This enables the company to earn royalties and bolster its revenue streams while ensuring that its relevance in technological advancements stays unchallenged. In essence, the essence of 3M's operations and financial success hinges on its relentless pursuit of innovation, which keeps powering its robust pipeline of essential solutions worldwide.
See Also
What is 3M Co's Gross Profit?
Gross Profit
11.3B
USD
Based on the financial report for Sep 30, 2024, 3M Co's Gross Profit amounts to 11.3B USD.
What is 3M Co's Gross Profit growth rate?
Gross Profit CAGR 10Y
-3%
Over the last year, the Gross Profit growth was -22%. The average annual Gross Profit growth rates for 3M Co have been -13% over the past three years , -6% over the past five years , and -3% over the past ten years .