3M Future Growth

Future criteria checks 4/6

3M's revenue is forecast to decline at 5.6% per annum while its annual earnings are expected to grow at 21.5% per year. EPS is expected to grow by 22.5% per annum. Return on equity is forecast to be 71.3% in 3 years.

Key information

21.5%

Earnings growth rate

22.5%

EPS growth rate

Industrials earnings growth	14.5%
Revenue growth rate	-5.6%
Future return on equity	71.3%
Analyst coverage	Good
Last updated	24 Sep 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BASE:MMMD - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	25,251	4,529	3,714	5,485	9
12/31/2025	24,523	4,162	3,667	5,275	16
12/31/2024	23,828	3,787	3,958	5,353	16
6/30/2024	32,614	1,423	4,277	5,684	N/A
3/31/2024	32,642	-6,952	4,657	6,172	N/A
12/31/2023	32,681	-6,995	5,065	6,680	N/A
9/30/2023	28,729	-8,043	4,853	6,616	N/A
6/30/2023	29,036	-2,109	4,444	6,237	N/A
3/31/2023	31,455	5,140	4,055	5,855	N/A
12/31/2022	34,229	5,777	3,842	5,591	N/A
9/30/2022	34,762	6,575	3,875	5,674	N/A
6/30/2022	35,085	4,150	4,310	6,017	N/A
3/31/2022	35,333	5,596	5,060	6,777	N/A
12/31/2021	35,355	5,921	5,851	7,454	N/A
9/30/2021	35,326	5,987	6,495	7,964	N/A
6/30/2021	34,734	5,983	7,076	8,570	N/A
3/31/2021	32,960	5,765	7,109	8,588	N/A
12/31/2020	32,184	5,449	6,612	8,113	N/A
9/30/2020	31,712	5,013	6,319	7,936	N/A
6/30/2020	31,353	5,166	5,880	7,478	N/A
3/31/2020	32,348	4,987	5,595	7,235	N/A
12/31/2019	32,136	4,517	5,371	7,070	N/A
9/30/2019	31,970	4,948	5,298	6,990	N/A
6/30/2019	32,131	4,908	5,387	7,107	N/A
3/31/2019	32,350	5,638	5,680	7,344	N/A
12/31/2018	32,765	5,349	4,862	6,439	N/A
9/30/2018	32,810	4,525	4,536	6,041	N/A
6/30/2018	32,830	4,411	4,199	5,652	N/A
3/31/2018	32,250	4,137	N/A	5,395	N/A
12/31/2017	31,657	4,858	N/A	6,240	N/A
9/30/2017	30,996	5,490	N/A	6,589	N/A
6/30/2017	30,533	5,390	N/A	6,747	N/A
3/31/2017	30,385	5,098	N/A	6,390	N/A
12/31/2016	30,109	5,050	N/A	6,662	N/A
9/30/2016	30,078	4,933	N/A	6,791	N/A
6/30/2016	30,081	4,900	N/A	6,547	N/A
3/31/2016	30,105	4,909	N/A	6,600	N/A
12/31/2015	30,274	4,833	N/A	6,420	N/A
9/30/2015	30,695	4,974	N/A	6,265	N/A
6/30/2015	31,120	4,981	N/A	6,312	N/A
3/31/2015	31,568	4,948	N/A	6,614	N/A
12/31/2014	31,821	4,956	N/A	6,626	N/A
9/30/2014	31,671	4,880	N/A	6,436	N/A
6/30/2014	31,450	4,807	N/A	5,876	N/A
3/31/2014	31,068	4,737	N/A	5,915	N/A
12/31/2013	30,871	4,659	N/A	5,817	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MMMD's forecast earnings growth (21.5% per year) is above the savings rate (8.5%).

Earnings vs Market: MMMD's earnings (21.5% per year) are forecast to grow faster than the AR market (17.9% per year).

High Growth Earnings: MMMD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MMMD's revenue is expected to decline over the next 3 years (-5.6% per year).

High Growth Revenue: MMMD's revenue is forecast to decline over the next 3 years (-5.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MMMD's Return on Equity is forecast to be very high in 3 years time (71.3%).

3M Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

3M Company Provides Earnings Guidance for the First Quarter 2024

3M Company Updates Earnings Guidance for the Full Year 2023

Recent updates

3M Company Declares Quarterly Dividend, Payable on September 12, 2024

3M Company Appoints Anurag Maheshwari as Executive Vice President, Effective September 1, 2024

Post-It and Scotch Brand Announces Limited Edition Back-to-School Countdown Kit

3M Company Announces Resignation of Monish Patolawala as President, Effective July 31, 2024

3M Announces Resignation of Monish Patolawala as Chief Financial Officer, Effective July 31, 2024

3M Company(NYSE:MMM) dropped from Russell 1000 Value-Defensive Index

Napoli Shkolnik Announces $316.5 Million Settlement with BASF Corporation, 3M Company, DuPont, and Tyco Fire Products in AFFF MDL

Napoli Shkolnik Announces Settlement with BASF Corporation in AFFF MDL

3M Declares Quarterly Dividend, Payable on June 12, 2024

Judge Approves Historic $12.5 Billion 3M Settlement to Clean America’s Water Supplies

3M Company completed the Spin-Off of Solventum Corporation (NYSE:SOLV).

3M Announces Combat Arms Earplugs Settlement Moves to Final Resolution

3M Company Provides Earnings Guidance for the First Quarter 2024

3M Company, Annual General Meeting, May 14, 2024

3M Company, Annual General Meeting, May 14, 2024

3M Company Announces CEO Changes, Effective May 1, 2024

3M Declares Quarterly Dividend, Payable on March 12, 2024

3M Provides Update on Combat Arms Earplugs Litigation Settlement

3M Announced 3M Scotch-Brite Range of Home Cleaning Products

M.J. Maillis Single Member S.A.- Industrial Packaging Systems & Technologies acquired additional 50% stake in Combi Packaging Systems LLC from 3M Company (NYSE:MMM).

Jeff Lavers to Depart from 3M Company as Group President, Health Care Business Group, Effective December 1, 2023

3M Company Appoints Tom Sweet to Board of Directors

3M Co. Appoints Wayde Mcmillan as Chief Financial Officer for the Company's Health Care Business Group, Effective November 1

Singleton Schreiber Files Class Action Against Several Corporations Alleging Contamination of Private Water Supplies in Town of Campbell

Angeion Group Announces Proposed Settlement in Aqueous Film-Forming Foams Product Liability Litigation Involving Public Water Systems

SEC Charges 3M Company with Foreign Corrupt Practices Act Violations Relating to China Subsidiary

3M Company Announces Management Appointments

3M Company Elects Audrey Choi as Board of Director

Pierrel S.p.A. (BIT:PRL) completed the acquisition of assets associated with Dental local anesthetic business from 3M Company (NYSE:MMM) for $70 million.

3M Company Updates Earnings Guidance for the Full Year 2023

Baron & Budd and Cossich, Sumich, Parsiola & Taylor Obtain $12.5 Billion Settlement with 3M Company to Resolve PFAS Contamination Suits for Public Water Providers

Roosevelt County Water Coop Sues 3M, DuPont, Raytheon, Several Others Over PFAS Contamination

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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