Filing Flows › 3M (MMM) › Q1 2025
3M (MMM) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
3M (MMM) reported revenue of $6.0B for the first quarter 2025 (Q1 2025), -1% from a year earlier and -0.9% from the quarter before. Operating margin was 20.9%, net earnings $1.1B (18.7% of revenue).
3M, Q1 2025: revenue $6.0B (-1% year over year), operating margin 20.9%, net earnings $1.1B, operating cash flow −$79.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.0B | -0.9% | -1% |
| Operating profit | $1.2B | +15% | +8% |
| Net earnings | $1.1B | +53% | +20% |
| Operating cash flow | −$79.0M | — | — |
What changed
Revenue was $6.0B in Q1 2025, down 1% year over year and down 1% from the previous quarter.
Operating profit was $1.2B, a 20.9% margin (up 1.8 points year over year). Total costs fell 3% while revenue fell 1%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $1.1B, up 20% year over year. The effective tax rate was 19.1%.
Operating cash flow was −$0.08B. Non-cash charges added back $0.29B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items used $1.6B. Capital expenditures of $0.24B exceeded it, leaving free cash flow of −$0.32B.
Questions
What was 3M's revenue in the first quarter 2025?
3M (MMM) reported revenue of $6.0B for the first quarter 2025 (Q1 2025), -1% from a year earlier and -0.9% from the quarter before.
Was 3M profitable in the first quarter 2025?
Operating profit was $1.2B (20.9% of revenue) and net earnings $1.1B.
Source: 3M 10-Q on SEC EDGAR.