3M Company

3m.com

What Do They Do?

Sells industrial and safety products, electronics materials, and consumer and home goods to industrial users, electronics makers and consumers.

How Do They Make Money?

Customers worldwide buy manufactured goods; for most sales, the invoice reflects the goods delivered.

revenue

Segment	Share	How money arrives
Safety and Industrial Sold outright	46% FY2022: 44%	Sold outright
Transportation and Electronics Sold outright	33% FY2022: 34%	Sold outright
Consumer Sold outright	20% FY2022: 20%	Sold outright

Who Are Their Customers?

Users buy 3M products directly or through e-commerce, wholesalers, retailers, jobbers, distributors and dealers serving many trades.

Do Revenues Turn Into Profits?

Yes. It kept 13 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.

Operating income, FY2025

19% of revenue

▼ −4% vs FY2024 ($4.8B, 20%)

Net income, FY2025

13% of revenue

▼ −22% vs FY2024 ($4.2B, 17%)

Free cash flow, FY2025

6% of revenue

▲ +119% vs FY2024 ($638M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ +1%; vs $6.5B in Q3 FY2025
Net income: ▲ +65%; vs $834M in Q3 FY2025

Safety and Industrial share of revenue vs 44.8% in Q3 FY2025

May 6, 2026 3M subsidiary entered financing deal for Madison Safety & Flow acquisition A subsidiary entered into credit agreements to finance its acquisition of Madison Safety & Flow Holdings LLC.

Shrinking. Revenue fell 29% in 4 years, from $35.4B in FY2021 to $24.9B in FY2025, about 8% a year.

Health Care separation The older report included a Health Care segment selling wound care, dental and filtration products; the latest describes Safety and Industrial, Transportation and Electronics, and Consumer after the Health Care separation.

Revenue over time

Safety and Industrial Transportation and Electronics Consumer Health Care

$50B$25B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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