3M Company Stock
3M is a multinational conglomerate that produces a diverse range of products, including office supplies, adhesives, medical products, and consumer electronics. Its products are sold in over 190 countries, and the company is known for being innovative and continuously developing new technologies. MMM stock has been a dependable performer over the years and is often considered a bellwether for the broader economy due to the company's diverse range of products and industries.
Pros and Cons of 3M Company in the next few years
Performance of 3M Company vs. its peers
|General Electric Co.||-0.970%||-1.435%||-3.286%||57.734%||32.051%||136.152%||18.228%|
|Illinois Tool Works||0.410%||0.919%||-4.312%||15.183%||6.135%||34.029%||74.006%|
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3M, an industrial conglomerate with the ticker symbol MMM, has displayed a notable financial performance in recent years. A quick glance at the company's financials indicates steady growth and a strong presence in the market. As a prominent player in its industry, the company has maintained solid financials, with a healthy mix of assets, liabilities, and shareholder equity.
Growing total assets: Comparing the balance sheets from 2020 to 2022, the company's total assets have grown from €47.34 billion to $46.45 billion (USD). This growth showcases the company's ability to increase its assets consistently over time.
Increasing total revenue: The income statements show an upward trend in the total revenue, indicating positive growth. From €32.18 billion in 2020 to $34.23 billion in 2022, the revenues have displayed a steady increase.