3M CO R&D Expense 2008-2024 | MMM
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What is r&d expense?
Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.
What is 3M CO's current r&d expense?
3M CO (MMM) annual r&d expense for 2024 was $700.0M, a 0.00% increase from 2023.
What was 3M CO's r&d expense in 2023?
3M CO annual r&d expense for 2023 was $700.0M, a 12.50% decline from 2022.
What was 3M CO's r&d expense in 2022?
3M CO annual r&d expense for 2022 was $800.0M, a 33.33% decline from 2021.
What is 3M CO's 5-year r&d expense CAGR?
3M CO r&d expense grew at a compound annual growth rate (CAGR) of 10.99% from FY2019 to FY2024, going from $1.25B to $700.0M over 5 years.
R&D Expense History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Stable
CAGR-11.0%
FY2019
$1.25B
→
FY2024
$700.0M
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5 years selected
R&D Expense History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $700.0M | +0.0% | 10-K |
| FY2023 | $700.0M | -12.5% | 10-K |
| FY2022 | $800.0M | -33.3% | 10-K |
| FY2021 | $1.20B | +9.1% | 10-K |
| FY2020 | $1.10B | -12.2% | 10-K |
| FY2019 | $1.25B | +0.0% | 10-K |
| FY2018 | $1.25B | -7.3% | 10-K |
| FY2017 | $1.35B | +8.3% | 10-K |
| FY2016 | $1.25B | +2.0% | 10-K |
| FY2015 | $1.22B | +2.5% | 10-K |
| FY2014 | $1.19B | +3.7% | 10-K |
| FY2013 | $1.15B | +6.6% | 10-K |
| FY2012 | $1.08B | +4.2% | 10-K |
| FY2011 | $1.04B | +12.7% | 10-K |
| FY2010 | $919.0M | +9.7% | 10-K |
| FY2009 | $838.0M | -1.5% | 10-K |
| FY2008 | $851.0M | - | 10-K |
Company: 3M COTicker: MMMSector: HealthcareIndustry: Surgical & Medical Instruments & ApparatusView company profile →