3M Company (MMM) Tax Rate: 23.81%
Is 3M Company’s tax rate high or low?
3M Company's tax rate of 23.81% is 26% above its 5-year average of 18.83%, near the high end of its 5-year range (9.56%–25.48%).
The tax rate for 3M Company (MMM) is 23.81%. It is above its 12-month average by 17.70% (20.23%).
MMM Tax Rate Chart
MMM Average Tax Rate Chart
MMM Current vs Average Tax Rate Chart
MMM Tax Rate Metrics
TAX RATE
23.81%
TAX RATE AVG TTM
20.23%
TAX RATE AVG 3Y
18.88%
TAX RATE AVG 5Y
18.83%
TAX RATE AVG 10Y
22.64%
TAX RATE AVG 15Y
24.39%
TAX RATE AVG 20Y
26.09%
CURRENT VS TTM AVG
+17.70%
CURRENT VS 3Y AVG
+26.15%
CURRENT VS 5Y AVG
+26.42%
CURRENT VS 10Y AVG
+5.18%
CURRENT VS 15Y AVG
-2.40%
CURRENT VS 20Y AVG
-8.73%
3M Company Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
3M Company Tax Rate FAQ
- What is the tax rate for 3M Company (MMM)?
- The tax rate for MMM stock is 23.81%.
- Is 3M Company's tax rate high or low?
- 3M Company's tax rate of 23.81% is 26% above its 5-year average of 18.83%, near the high end of its 5-year range (9.56%–25.48%).
- What is the TTM average tax rate for 3M Company (MMM)?
- The TTM average tax rate for MMM stock is 20.23%.
- What is the 3Y average tax rate for 3M Company (MMM)?
- The 3Y average tax rate for MMM stock is 18.88%.
- What is the 5Y average tax rate for 3M Company (MMM)?
- The 5Y average tax rate for MMM stock is 18.83%.
- What is the 10Y average tax rate for 3M Company (MMM)?
- The 10Y average tax rate for MMM stock is 22.64%.
- What is the 15Y average tax rate for 3M Company (MMM)?
- The 15Y average tax rate for MMM stock is 24.39%.
- What is the 20Y average tax rate for 3M Company (MMM)?
- The 20Y average tax rate for MMM stock is 26.09%.
3M Company Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 23.81% |
| 2024-12-31 | 16.65% |
| 2023-12-31 | 25.48% |
| 2022-12-31 | 9.56% |
| 2021-12-31 | 17.81% |
| 2020-12-31 | 19.69% |
| 2019-12-31 | 19.78% |
| 2018-12-31 | 23.39% |
| 2017-12-31 | 35.49% |
| 2016-12-31 | 28.29% |
| 2015-12-31 | 29.05% |
| 2014-12-31 | 28.86% |
| 2013-12-31 | 28.06% |
| 2012-12-31 | 28.97% |
| 2011-12-31 | 27.76% |
| 2010-12-31 | 27.66% |
| 2009-12-31 | 29.97% |
| 2008-12-31 | 31.09% |
| 2007-12-31 | 32.12% |
| 2006-12-31 | 30.63% |
| 2005-12-31 | 33.70% |
| 2004-12-31 | 33.00% |
| 2003-12-31 | 32.87% |
| 2002-12-31 | 32.15% |
| 2001-12-31 | 32.11% |
| 2000-12-31 | 34.47% |
| 1999-12-31 | 35.83% |
| 1998-12-31 | 35.09% |
| 1997-12-31 | 36.08% |
| 1996-12-31 | 36.89% |
Related Metrics
About 3M Company
3M Company operates as a global technology conglomerate with diverse interests. Its extensive operations are strategically divided into four primary business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial division supplies a broad array of products, including specialized abrasives and finishing tools for metalworking, automotive body repair kits, fastening systems for personal hygiene items, various masking and packaging materials, electrical components for construction, maintenance, and power distribution, strong structural adhesives and tapes, comprehensive personal protective equipment for respiratory, auditory, visual, and fall protection, and mineral granules for roofing shingles. Within the Transportation and Electronics sector, offerings encompass advanced ceramic solutions, specialized attachment tapes and films, sophisticated sound and temperature management systems for vehicles, high-quality large-format graphic films for advertising and fleet branding, optical films, electronic assembly solutions, robust packaging and interconnection technologies, and reflective materials crucial for highway and vehicle safety. The Health Care segment provides essential solutions such as food safety indicators, software for medical procedure coding and reimbursement, a wide range of products for skin and wound care, infection prevention, dental and orthodontic supplies, and advanced filtration and purification systems. Finally, the Consumer unit delivers an assortment of household and personal products, including bandages, braces, support devices, and personal respirators; various home cleaning supplies; retail-grade abrasives, paint accessories, DIY car care products, picture hanging solutions, and consumer-focused air quality improvements; along with a selection of stationery items. The company distributes its extensive product portfolio through both online platforms and a comprehensive traditional network, leveraging wholesalers, retailers, jobbers, distributors, and authorized dealers. This enterprise was founded in 1902 and maintains its corporate headquarters in St. Paul, Minnesota.
- Sector
- Industrials
- Industry
- Conglomerates
- CEO
- William Brown