Global 500

Rank
361
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3M

Earns 3M
FILE - In a Jan. 28, 2014, file photo, rolls of Scotch tape, a 3M brand, are displayed in a Wal-Mart store in Robinson Township near Pittsburgh. 3M reports quarterly financial results, Tuesday, Jan. 26, 2016. (AP Photo/Gene J. Puskar, File)Gene J. Puskarm — AP
  • Previous Rank
    348
  • Revenues ($M)
    30109
  • Revenue Percent Change
    -0.5
  • Profits ($M)
    5050
  • Profits Percent Change
    4.5
  • Assets ($M)
    32906
  • Employees
    91584

In 2016 3M recorded earnings of $8.16 per share on earnings of $30 billion, an increase of 8% from the year before. The company is heavily investing in itself "$3 billion in R&D and capital expenditures in 2016 alone" as it works through challenging market conditions. "This reflects our ability to execute well and control what we can control," chairman, president, and CEO Inge Thulin wrote to investors. As such, the company continues to evaluate select consolidations, strategic divestitures, and acquisitions.

Company Information

CEOInge G. Thulin
SectorIndustrials
IndustryMiscellaneous
HQ LocationSt. Paul, MN
Websitewww.3m.com
Years on Global 500 List23
Employees91,584

Key Financials (Last Fiscal Year)

Revenues ($M)$30,109
Profits ($M)$5,050
Assets ($M)$32,906
Total Stockholder Equity ($M)$10,298

Profit Ratios

Profit as % of Revenues16.8%
Profits as % of Assets15.3%
Profits as % of Stockholder Equity49%