Filing Flows › 3M (MMM) › Q2 2025
3M (MMM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 18, 2025
3M (MMM) reported revenue of $6.3B for the second quarter 2025 (Q2 2025), +1% from a year earlier and +7% from the quarter before. Operating margin was 18.0%, net earnings $723M (11.4% of revenue).
3M, Q2 2025: revenue $6.3B (+1% year over year), operating margin 18.0%, net earnings $723M, operating cash flow −$954M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3B | +7% | +1% |
| Operating profit | $1.1B | -9% | -10% |
| Net earnings | $723M | -35% | -37% |
| Operating cash flow | −$954M | — | — |
What changed
Revenue was $6.3B in Q2 2025, up 1% year over year and up 7% from the previous quarter.
Operating profit was $1.1B, a 18.0% margin (down 2.4 points year over year). Operating profit fell $0.13B even though revenue rose $0.09B versus a year earlier, so costs grew faster than sales. Total costs grew 4% against revenue growth of 1%. The fastest-growing cost line was SG&A (+12%). Net earnings were $0.72B, down 37% year over year. The effective tax rate was 25.3%.
Operating cash flow was −$1.0B. Non-cash charges added back $0.29B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $2.0B. Capital expenditures of $0.21B exceeded it, leaving free cash flow of −$1.2B.
Questions
What was 3M's revenue in the second quarter 2025?
3M (MMM) reported revenue of $6.3B for the second quarter 2025 (Q2 2025), +1% from a year earlier and +7% from the quarter before.
Was 3M profitable in the second quarter 2025?
Operating profit was $1.1B (18.0% of revenue) and net earnings $723M.
Source: 3M 10-Q on SEC EDGAR.