Company profile
SEC EDGAR ↗- Industry
- Surgical & Medical Instruments & Apparatus
- Listed
- NYSE: MMM
- Incorporated
- DE
- Headquarters
- St Paul, MN
- Fiscal year end
- Dec 31
Financials
FY2025- Revenue
- $24.9B
- Net income
- $3.25B
- Total assets
- $37.7B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $24.9B | $3.25B | $37.7B |
| FY2024 | $24.6B | $4.17B | $39.9B |
| FY2023 | $24.6B | −$7.00B | $50.6B |
| FY2022 | $26.2B | $5.78B | $46.5B |
| FY2021 | $35.4B | $5.92B | $47.1B |
| FY2020 | $32.2B | $5.45B | $47.3B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
Decisions on record
One verified Decision Case on 3M, and the casebook each one belongs to.
| Fork date | Decision type | What 3M chose | Where it stood | The story | Casebook |
|---|---|---|---|---|---|
| 2018 | Crisis Response | Narrow quiet settlement | 3M announced a $6.0 billion Combat Arms Earplug settlement — $5.0 billion cash and $1.0 billion stock, payable 2023–2029 (in January 2024 3M elected to pay the $1.0 billion stock component in cash) (2023-08) | Read the story → | Crisis Response Casebook → |
Run one of these yourself
The decisions 3M faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
Growth & PortfolioThe Adjacency ExpansionWhen does the business next door belong to you?See the pack →Crisis & ReinventionThe Crisis ResponseWhat is one more quarter of not acting worth?See the pack →Decision ForksThe ResidualHow much of your decline can the agreed explanation actually account for?See the pack →
The analyses
The Adjacency Expansion · Growth & Portfolio
The Same Culture That Made the Post-it Made the Lawsuits. 3M Can't Have One Without the Other.
3M's freedom-to-wander culture produced the Post-it Note - and let toxic product lines run for decades with little oversight. The PFAS settlement alone runs to $12.5 billion nominal, against R&D of about $1.1 billion a year. The bill now dwarfs the engine.
8 min
The Liability Reckoning · Crisis & Reinvention
3M Paid $9 Million to Make a Problem Go Away. Five Years Later It Cost $16 Billion.
3M settled defective earplug allegations for $9.1M in 2018 with no admission of liability. By 2024 the same playbook—narrow disclosure, small early settlements—had compounded into roughly $16.3 billion across PFAS and earplugs.
8 min
The Fall · Crisis & Reinvention
3M Sold Off $8 Billion in Healthcare to Pay for Two Chemicals. That's Diversification Eating Itself.
3M's empire of 60,000 products was supposed to spread risk. Instead, two of them — a coating chemistry and a military earplug — produced roughly $18.5 billion in settlements and forced the company to spin off its $8.2B health business to fund the bill.
8 min
Tools to try
- Ansoff move finderFramework: Ansoff Matrix
- Business model canvas builderFramework: Business Model Canvas
- Change readiness checkFramework: Kotter's 8-Step Change Model
- Five Forces scorerFramework: Porter's Five Forces
- SMART goal builderFramework: SMART Goals
- SWOT builderFramework: SWOT Analysis
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