3M (MMM) Current Taxes (2009 - 2025)
3M's (MMM) quarterly Current Taxes came in at $324.0 million in Q3 2025, down 31.5% year-over-year from $473.0 million in Q3 2024, and up 2.86% quarter-over-quarter from $315.0 million in Q2 2025.
Analysis
3M (MMM) Current Taxes (2009 - 2025) Analysis & Trends
3M has disclosed Current Taxes across 17 years of filings, most recently posting $324.0 million for Q3 2025.
- In Q3 2025, Current Taxes fell 31.5% year-over-year to $324.0 million; the TTM figure through Sep 2025 stood at $324.0 million (down 31.5% YoY), while the FY2024 annual figure was $331.0 million, up 8.88% from the prior year.
- Current Taxes came in at $324.0 million for Q3 2025 at 3M, up from $315.0 million in the prior quarter.
- In the past five years, Current Taxes ranged from a high of $473.0 million in Q3 2024 to a low of $172.0 million in Q2 2023.
- Average Current Taxes over 5 years is $297.3 million, with a median of $277.0 million recorded in 2021.
- Year-over-year, Current Taxes plunged 33.42% in 2021 and soared 136.63% in 2024.
- Over 5 years, Current Taxes stood at $260.0 million in 2021, then fell by 0.38% to $259.0 million in 2022, then climbed by 17.37% to $304.0 million in 2023, then rose by 8.88% to $331.0 million in 2024, then slipped by 2.11% to $324.0 million in 2025.
- Per Business Quant data, the three most recent Current Taxes figures were $324.0 million in Q3 2025, $315.0 million in Q2 2025, and $359.0 million in Q1 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 85.28 Bn | 81.95 Bn | 2.68 Bn | - |
| 2 | Illinois Tool Works | 75.67 Bn | 74.83 Bn | 1.90 Bn | 123.00 Mn |
| 3 | Ametek | 54.19 Bn | 53.69 Bn | 735.04 Mn | 73.60 Mn |
| 4 | Rockwell Automation | 47.43 Bn | 46.95 Bn | 1.14 Bn | - |
| 5 | Mettler Toledo International | 26.01 Bn | 25.96 Bn | 650.22 Mn | 188.49 Mn |
| 6 | Dover | 25.81 Bn | 24.05 Bn | 880.61 Mn | 36.27 Mn |
| 7 | Nordson | 17.47 Bn | 17.36 Bn | 453.73 Mn | 44.47 Mn |
| 8 | Fortive | 17.01 Bn | 16.64 Bn | 695.30 Mn | - |
| 9 | RBC Bearings | 15.36 Bn | 15.24 Bn | 247.80 Mn | - |
| 10 | Regal Rexnord | 10.69 Bn | 10.25 Bn | 611.60 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 324.00 Mn |
| Jun 30, 2025 | 315.00 Mn |
| Mar 31, 2025 | 359.00 Mn |
| Dec 31, 2024 | 331.00 Mn |
| Sep 30, 2024 | 473.00 Mn |
| Jun 30, 2024 | 407.00 Mn |
| Mar 31, 2024 | 383.00 Mn |
| Dec 31, 2023 | 304.00 Mn |
| Sep 30, 2023 | 220.00 Mn |
| Jun 30, 2023 | 172.00 Mn |
| Mar 31, 2023 | 268.00 Mn |
| Dec 31, 2022 | 259.00 Mn |
| Sep 30, 2022 | 270.00 Mn |
| Jun 30, 2022 | 228.00 Mn |
| Mar 31, 2022 | 274.00 Mn |
| Dec 31, 2021 | 260.00 Mn |
| Sep 30, 2021 | 278.00 Mn |
| Jun 30, 2021 | 247.00 Mn |
| Mar 31, 2021 | 277.00 Mn |
| Dec 31, 2020 | 300.00 Mn |