3M (MMM) Current Taxes (2009 - 2025)
3M (MMM) recorded Current Taxes of $324 million in Q3 2025, down 31.5% from $473 million a year earlier but up 2.9% from the prior quarter.
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Analysis
3M (MMM) Current Taxes (2009 - 2025) Analysis & Trends
At the end of FY2024, 3M reported Current Taxes of $331 million, up 8.9% from FY2023.
- Annual Current Taxes has a five-year compound annual growth rate of 11.3% (FY2019 to FY2024).
- Across earlier years, Current Taxes came in at $304 million in FY2023 (+17.4%), $259 million in FY2022 (-0.4%), $260 million in FY2021 (-13.3%) and $300 million in FY2020 (+54.6%).
- Quarterly Current Taxes has ranged from $172 million in Q2 2023 to $473 million in Q3 2024 over the past five years.
- On a year-over-year basis, Current Taxes has declined for three consecutive quarters, with growth averaging 32.6% over the last eight quarters.
- Peak year-over-year performance for Current Taxes in the last five years was growth of 136.6% in Q2 2024, against a decline of 33.4% in Q2 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at $315 million (Q2 2025), $359 million (Q1 2025) and $331 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | - |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 351.00 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 1.01 Bn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | - |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 74.80 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | - |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 123.00 Mn |
| 10 | Cummins | 71.14 Bn | 68.27 Bn | 2.47 Bn | - |
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 |
API Access
3M Current Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-taxes&ticker=MMM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-taxes", "ticker": "MMM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-taxes&ticker=MMM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();