3M (MMM) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 40.7%
EBITDA Margin: 28.6%
Op. Margin: 23.2%
Net Margin: 10.8%

Op. margin of 23.2% is up 2.2% YoY — cost efficiency is improving. Net margin at 10.8% and gross margin of 40.7% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit