3M Company

Industry: Conglomerates

Fortune Rank: 106

For the nine months ended 30 September 2005, 3M Company's revenues increased 6% to $15.84B. Net income increased 7% to $2.44B. Revenues reflect improved sales from all major segments of the Group. Net income also reflects an increase in gross profit margins and higher interest income. The Company manufactures and markets pressure-sensitive adhesive tapes, abrasives & specialty chemicals, electrical & telecommunication products.

3M Company (3M) is a diversified technology company with a global presence in the healthcare; industrial; display and graphics; consumer and office; safety, security and protection services; electronics and telecommunications, and transportation markets. 3M manages its operations in seven operating business segments: Healthcare; Industrial; Display and Graphics; Consumer and Office; Safety, Security and Protection Services; Electro and Communications, and Transportation. Certain small businesses and staff-sponsored products are not allocated to the business segments. In February 2004, it acquired HighJump Software Inc. In March 2004, the Company acquired Hornell International, a global supplier of personal protective equipment for welding applications. In August 2004, the Company acquired New Jersey-based Info-X Inc., a provider of medical coding compliance software and data for effective management of hospital billing and compliance issues.

3M Company

3M Company is a Fortune 500 company. In 2010 3M Company was ranked number 106 on the Fortune 500 list, making it the 106th largest company in the United States when judged by revenue.

3M Company achieved revenue of $23,123.00 million in 2010 and earned a profit of $3,193.00 million.

3M Company's rank changes

The company's ranking in 2010 was a decline from 2009 when it was ranked 95th on the Fortune 500. The Previous ranking was based on its 2009 revenue of $25,269 million (a change of -2 million compared to 2010) and profits of $3,460 million (a change of 0 million compared to 2010).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then 3M Company would be ranked 43rd rather than 106th due to its profits of $3,193 in 2010.

3M Company Revenue* Profit* Fortune Ranking

* US$ Million

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