3M CO Annual Operating Margin in % from 2016 to 2023

Taxonomy & unit
ratio: %
Description
The operating margin measures the profit a company makes on a dollar of sales after accounting for the direct costs involved in earning those revenues.
Summary
3 M Co quarterly/annual Operating Margin history and growth rate from 2016 to 2023.
  • 3 M Co Operating Margin for the quarter ending September 30, 2024 was 18.9 %.
  • 3 M Co annual Operating Margin for 2023 was -27.9 %, a 246% decline from 2022.
  • 3 M Co annual Operating Margin for 2022 was 19.1 %, a 8.35% decline from 2021.
  • 3 M Co annual Operating Margin for 2021 was 20.8 %, a 6.34% decline from 2020.
Operating Margin, Annual (%)
Operating Margin, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 -27.9 -47 -246% Jan 1, 2023 Dec 31, 2023
2022 19.1 -1.74 -8.35% Jan 1, 2022 Dec 31, 2022
2021 20.8 -1.41 -6.34% Jan 1, 2021 Dec 31, 2021
2020 22.3 +3.04 +15.8% Jan 1, 2020 Dec 31, 2020
2019 19.2 -2.78 -12.6% Jan 1, 2019 Dec 31, 2019
2018 22 -2.3 -9.47% Jan 1, 2018 Dec 31, 2018
2017 24.3 +0.96 +4.11% Jan 1, 2017 Dec 31, 2017
2016 23.3 Jan 1, 2016 Dec 31, 2016
* An asterisk sign (*) next to the value indicates that the value is likely invalid.