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3m Company  (MMM)
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3m's Gross Profit Margin by quarter

Trends, Rankings, Statistics



MMM Gross Profit Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change -0.82 % -3.56 % -4.33 % -9.04 % -6.19 %
Seq. Revenue Change -3.6 % -0.16 % 3.66 % -0.59 % -6.27 %
Revenue In Millions $8,013.00 $8,312.00 $8,325.00 $8,031.00 $8,079.00
Gross Profit Margin 41.62 % 44.9 % 44.67 % 42.56 % 43.25 %
Gross Profit Margin Total Ranking # 1830 # 2621 # 2745 # 2865 # 3143
Gross Profit In Millions $3,335.00 $3,732.00 $3,719.00 $3,418.00 $3,494.00
Y / Y Gross Profit Change -4.55 % -4.09 % 3.05 % -14.61 % -10.73 %
Seq. Gross Profit Change -10.64 % 0.35 % 8.81 % -2.18 % -10.2 %


Commenting fourth Quarter 2023 Gross Profit Margin
3m Company experienced contraction in Gross Profit by -10.64 % to $8,013 millions and Revenue by -3.6 %, while Gross Profit Margin fell to 41.62 %, below company's average Gross Profit Margin.

Observing fourth quarter 2023 results within Medical Equipment & Supplies industry 90 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 1830, from total ranking in previous quarter at 2621.
Learn about Gross Margin
MMM's Gross Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Medical Equipment & Supplies Industry # 91
Healthcare Sector # 318
Overall # 1829

Gross Profit Margin Statistics
High Average Low
51.37 % 47.94 % 41.47 %
(March 31, 2006)   (Jun 30 2022)




Other Gross Profit Margin Profitability Ratios
MMM's Cumulative Gross Profit Margin
Medical Equipment & Supplies Industry Gross Profit Margin Trends and Statistics
Healthcare Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
MMM's Gross Profit Margin Profitability versus Medical Equipment & Supplies Industry, Healthcare Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for MMM's Competitors
Gross Profit Margin Profit Margin for 3m's Suppliers
Gross Profit Margin Profit Margin for MMM's Customers

You may also want to know
MMM's Annual Growth Rates MMM's Profitability Ratios MMM's Asset Turnover Ratio MMM's Dividend Growth
MMM's Roe MMM's Valuation Ratios MMM's Financial Strength Ratios MMM's Gross Profit Growth
MMM's Roa MMM's Inventory Turnover Ratio MMM's Growth Rates MMM's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Dec 31 2023, within Medical Equipment & Supplies Industry Gross Profit MarginDec 31 2023 MRQ Gross ProfitDec 31 2023 MRQ Revenue
Bone Biologics Corporation  100.00 %$ 1.456 $ 1.456 
Docgo Inc   100.00 %$ 231.022 $ 231.022 
Inovio Pharmaceuticals Inc   100.00 %$ 1.922 $ 1.922 
Monogram Orthopaedics inc   100.00 %$ 0.365 $ 0.365 
Electrocore Inc   93.25 %$ 4.091 $ 4.387 
Shockwave Medical Inc   87.26 %$ 177.663 $ 203.597 
Inari Medical Inc   86.86 %$ 115.088 $ 132.503 
Inspire Medical Systems inc   85.51 %$ 164.454 $ 192.314 
Mimedx Group Inc   83.91 %$ 72.990 $ 86.988 
Inmode Ltd   83.60 %$ 411.340 $ 492.048 
Orchestra Biomed Holdings Inc   82.06 %$ 0.215 $ 0.262 
Fonar Corporation  81.87 %$ 20.784 $ 25.386 
Nuwellis Inc   81.60 %$ 1.388 $ 1.701 
Zynex inc   78.28 %$ 37.013 $ 47.285 
Cvrx inc  78.20 %$ 9.585 $ 12.257 
Semler Scientific Inc   77.52 %$ 11.672 $ 15.057 
Glaukos Corp  77.13 %$ 63.474 $ 82.300 
Electromed Inc   77.03 %$ 10.545 $ 13.689 
Edwards Lifesciences Corporation  76.76 %$ 1,177.200 $ 1,533.700 
Neuronetics inc   76.46 %$ 15.771 $ 20.627 
Novocure Limited  75.67 %$ 101.228 $ 133.784 
Axonics Inc   75.30 %$ 82.760 $ 109.906 
Atricure Inc   75.23 %$ 79.815 $ 106.089 
Pulmonx Corporation  74.02 %$ 14.400 $ 19.454 
Si bone inc   74.00 %$ 28.676 $ 38.752 
Silk Road Medical Inc   73.61 %$ 34.802 $ 47.276 
Biotricity Inc   72.92 %$ 2.168 $ 2.973 
Tactile Systems Technology Inc   72.15 %$ 56.007 $ 77.629 
Orthopediatrics Corp  71.90 %$ 26.714 $ 37.153 
Innovage Holding Corp   71.24 %$ 134.577 $ 188.898 




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