3M Co
NYSE:MMM
Gross Margin
3M Co
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
Country | Company | Market Cap |
Gross Margin |
||
---|---|---|---|---|---|
US |
3M Co
NYSE:MMM
|
80B USD |
42%
|
||
US |
General Electric Co
NYSE:GE
|
202.9B USD |
30%
|
||
DE |
Siemens AG
XETRA:SIE
|
160.2B EUR |
39%
|
||
US |
Honeywell International Inc
NASDAQ:HON
|
146.4B USD |
38%
|
||
JP |
Hitachi Ltd
TSE:6501
|
17.3T JPY |
28%
|
||
ZA |
B
|
Bidvest Group Ltd
JSE:BVT
|
89.8B Zac |
28%
|
|
US |
R
|
Roper Technologies Inc
F:ROP
|
53.9B EUR |
70%
|
|
CN |
CITIC Ltd
HKEX:267
|
253.1B HKD |
0%
|
||
IN |
Siemens Ltd
NSE:SIEMENS
|
2.1T INR |
33%
|
||
HK |
CK Hutchison Holdings Ltd
HKEX:1
|
153.4B HKD |
51%
|
||
PH |
SM Investments Corp
XPHS:SM
|
1T PHP |
46%
|
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
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on 3M Co's most recent financial statements, the company has Gross Margin of 42.3%.