• 3M average pre-tax profit margin for 2023 was -15.32%, a 183.4% decline from 2022.
• 3M average pre-tax profit margin for 2022 was 18.37%, a 12.9% decline from 2021.
• 3M average pre-tax profit margin for 2021 was 21.09%, a 5.56% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.