| __timestamp | 3M Company | Johnson Controls International plc |
|---|---|---|
| Wednesday, January 1, 2014 | 16447000000 | 36201000000 |
| Thursday, January 1, 2015 | 15383000000 | 30732000000 |
| Friday, January 1, 2016 | 15040000000 | 15183000000 |
| Sunday, January 1, 2017 | 16001000000 | 20833000000 |
| Monday, January 1, 2018 | 16682000000 | 22020000000 |
| Tuesday, January 1, 2019 | 17136000000 | 16275000000 |
| Wednesday, January 1, 2020 | 16605000000 | 14906000000 |
| Friday, January 1, 2021 | 18795000000 | 15609000000 |
| Saturday, January 1, 2022 | 19232000000 | 16956000000 |
| Sunday, January 1, 2023 | 18477000000 | 17822000000 |
| Monday, January 1, 2024 | 14447000000 | 14875000000 |
Unlocking the unknown
In the ever-evolving landscape of industrial giants, understanding cost structures is pivotal. From 2014 to 2024, 3M Company and Johnson Controls International plc have showcased intriguing trends in their cost of revenue. Notably, 3M's cost of revenue peaked in 2022, marking a 17% increase from 2014, before a significant drop in 2024. Meanwhile, Johnson Controls experienced a dramatic 59% decline from 2014 to 2016, followed by a steady recovery. By 2023, both companies had nearly aligned, with costs hovering around $18 billion. This convergence highlights a strategic shift in operational efficiencies. As these industry leaders navigate economic challenges, their cost management strategies offer valuable insights into maintaining competitive advantage. The data underscores the importance of adaptive strategies in sustaining growth and profitability in a dynamic market.
