Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.1B | $31.7B | $32.8B | $32.1B | $32.2B | $35.4B | $26.2B | $24.6B | $24.6B | $24.9B |
| Revenue growth | — | 5.1% | 3.5% | -1.9% | 0.1% | 9.9% | -26.0% | -5.9% | -0.1% | 1.5% |
| Operating income | $7.03B | $7.69B | $7.21B | $6.17B | $7.16B | $7.37B | $4.37B | -$10.7B | $4.82B | $4.63B |
| Operating margin | 23.3% | 24.3% | 22.0% | 19.2% | 22.3% | 20.8% | 16.7% | -43.4% | 19.6% | 18.6% |
| Net income | $5.05B | $4.86B | $5.35B | $4.52B | $5.45B | $5.92B | $5.78B | -$7.00B | $4.17B | $3.25B |
| Net margin | 16.8% | 15.3% | 16.3% | 14.1% | 16.9% | 16.7% | 22.1% | -28.4% | 17.0% | 13.0% |
| EPS (diluted) | $8.16 | $7.93 | $8.89 | $7.72 | $9.36 | $10.12 | $10.18 | -$12.63 | $7.55 | $6.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.66B | $6.24B | $6.44B | $7.07B | $8.11B | $7.45B | $5.59B | $6.68B | $1.82B | $2.31B |
| Capital expenditures | $1.42B | $1.37B | $1.58B | $1.70B | $1.50B | $1.60B | $1.75B | $1.61B | $1.18B | $910M |
| Free cash flow | $5.24B | $4.87B | $4.86B | $5.37B | $6.61B | $5.85B | $3.84B | $5.07B | $638M | $1.40B |
| Share buybacks | $3.75B | $2.07B | $4.87B | $1.41B | $368M | $2.20B | $1.46B | $33.0M | $1.80B | $3.25B |
| Dividends paid | $2.68B | $2.80B | $3.19B | $3.32B | $3.39B | $3.42B | $3.37B | $3.31B | $1.98B | $1.56B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.40B | $3.05B | $2.85B | — | $4.63B | $4.56B | $3.65B | $5.93B | $5.60B | $5.24B |
| Total assets | $32.9B | $38.0B | $36.5B | $44.7B | $47.3B | $47.1B | $46.5B | $50.6B | $39.9B | $37.7B |
| Total liabilities | $22.6B | $26.4B | $26.7B | $34.5B | $34.4B | $32.0B | $31.7B | $45.7B | $36.0B | $33.0B |
| Long-term debt | $10.7B | $12.1B | $13.4B | $17.5B | $18.0B | $16.1B | $14.0B | $13.1B | $11.1B | $10.9B |
| Shareholders' equity | $10.3B | $11.6B | $9.80B | $10.1B | $12.9B | $15.0B | $14.7B | $4.81B | $3.84B | $4.70B |
| Retained earnings | $37.9B | $39.1B | $40.6B | $42.1B | $43.8B | $45.8B | $48.0B | $37.5B | $36.8B | $38.3B |
| Shares (wtd avg diluted) | 619M | 613M | 602M | 585M | 582M | 585M | 568M | 554M | 552M | 541M |
Every figure is extracted from 3M CO’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.