Solventum Corporation Financials
This page shows Solventum Corporation (SOLV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Solventum Corporation has an operating margin of 12.6%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is down from 20.6% the prior year.
Solventum Corporation's revenue grew a modest 0.7% year-over-year to $8.3B. This slow but positive growth earns a score of 31/100.
Solventum Corporation has elevated debt relative to equity (D/E of 2.64), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.
Solventum Corporation's current ratio of 1.20 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.
Solventum Corporation has a free cash flow margin of 9.8%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.
Solventum Corporation earns a strong 16.2% return on equity (ROE), meaning it generates $16 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 65/100. This is up from 11.5% the prior year.
Solventum Corporation scores 1.56, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Solventum Corporation passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Solventum Corporation generates $2.47 in operating cash flow ($1.2B OCF vs $479.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Solventum Corporation generated $8.3B in revenue in fiscal year 2024. This represents an increase of 0.7% from the prior year.
Solventum Corporation's EBITDA was $1.6B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.4% from the prior year.
Solventum Corporation generated $805.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 50.5% from the prior year.
Solventum Corporation reported $479.0M in net income in fiscal year 2024. This represents a decrease of 64.4% from the prior year.
Solventum Corporation earned $2.76 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 64.6% from the prior year.
Solventum Corporation held $762.0M in cash against $7.8B in long-term debt as of fiscal year 2024.
Solventum Corporation had 173M shares outstanding in fiscal year 2024.
Solventum Corporation's gross margin was 55.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.6 percentage points from the prior year.
Solventum Corporation's operating margin was 12.6% in fiscal year 2024, reflecting core business profitability. This is down 8.1 percentage points from the prior year.
Solventum Corporation's net profit margin was 5.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 10.6 percentage points from the prior year.
Solventum Corporation's ROE was 16.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 4.6 percentage points from the prior year.
Solventum Corporation invested $775.0M in research and development in fiscal year 2024. This represents an increase of 2.2% from the prior year.
Solventum Corporation invested $380.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 31.0% from the prior year.
SOLV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1B-3.0% | $2.2B+4.4% | $2.1B-0.2% | $2.1B-0.3% | $2.1B+3.2% | $2.0B-1.0% | $2.0B-1.8% | $2.1B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $1.1B-3.4% | $1.2B+5.5% | $1.1B-0.4% | $1.1B-1.6% | $1.1B-3.0% | $1.2B+1.2% | $1.2B-4.2% | $1.2B |
| R&D Expenses | $183.0M-3.2% | $189.0M-2.1% | $193.0M-3.0% | $199.0M+3.6% | $192.0M-1.5% | $195.0M+2.6% | $190.0M+5.6% | $180.0M |
| SG&A Expenses | $780.0M+1.0% | $772.0M+0.4% | $769.0M-1.9% | $784.0M+11.8% | $701.0M+17.6% | $596.0M+6.0% | $562.0M+7.0% | $525.0M |
| Operating Income | $1.7B+689.7% | $214.0M+40.8% | $152.0M+11.8% | $136.0M-44.3% | $244.0M-36.0% | $381.0M-6.2% | $406.0M-19.4% | $504.0M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $248.0M+1807.7% | $13.0M+113.1% | -$99.0M-482.4% | -$17.0M-342.9% | $7.0M-92.4% | $92.0M-22.7% | $119.0M+197.5% | $40.0M |
| Net Income | $1.3B+1306.7% | $90.0M-34.3% | $137.0M+341.9% | $31.0M-65.2% | $89.0M-62.4% | $237.0M-12.9% | $272.0M-40.9% | $460.0M |
| EPS (Diluted) | $7.22+1315.7% | $0.51-34.6% | $0.78+333.3% | $0.18-64.7% | $0.51-62.8% | $1.37-12.7% | $1.57-41.0% | $2.66 |
SOLV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.0B-7.3% | $15.1B+3.8% | $14.5B+0.5% | $14.5B-0.8% | $14.6B-0.9% | $14.7B+5.5% | $13.9B | N/A |
| Current Assets | $4.4B+37.4% | $3.2B+5.1% | $3.1B-6.0% | $3.2B-3.4% | $3.4B+0.1% | $3.4B+33.3% | $2.5B | N/A |
| Cash & Equivalents | $1.6B+233.7% | $492.0M-7.9% | $534.0M-29.9% | $762.0M-15.1% | $897.0M-9.9% | $996.0M+413.4% | $194.0M+361.9% | $42.0M |
| Inventory | $1.0B+9.0% | $962.0M+11.1% | $866.0M-10.3% | $965.0M+7.3% | $899.0M-0.2% | $901.0M+5.1% | $857.0M | N/A |
| Accounts Receivable | $1.0B-4.3% | $1.1B+15.0% | $926.0M-11.3% | $1.0B+1.6% | $1.0B-15.7% | $1.2B-7.1% | $1.3B | N/A |
| Goodwill | $5.3B-0.3% | $5.3B+5.7% | $5.0B-21.7% | $6.4B-1.1% | $6.4B-0.3% | $6.5B-1.0% | $6.5B | N/A |
| Total Liabilities | $9.0B-21.4% | $11.4B+1.5% | $11.3B-2.0% | $11.5B-1.8% | $11.7B+7.8% | $10.9B+376.9% | $2.3B | N/A |
| Current Liabilities | $2.9B+12.1% | $2.6B+2.1% | $2.6B-5.1% | $2.7B+5.1% | $2.6B+38.7% | $1.9B+7.3% | $1.7B | N/A |
| Long-Term Debt | $5.1B-34.3% | $7.8B0.0% | $7.8B0.0% | $7.8B-6.0% | $8.3B0.0% | $8.3B | $0 | N/A |
| Total Equity | $5.0B+36.8% | $3.6B+11.7% | $3.3B+10.2% | $3.0B+3.2% | $2.9B-25.6% | $3.9B-67.0% | $11.7B+0.7% | $11.6B |
| Retained Earnings | $1.7B+270.5% | $468.0M+23.8% | $378.0M+56.2% | $242.0M+171.9% | $89.0M | N/A | $0 | N/A |
SOLV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $76.0M-55.0% | $169.0M+482.8% | $29.0M-86.8% | $219.0M-38.3% | $355.0M-19.7% | $442.0M-19.2% | $547.0M+11.0% | $493.0M |
| Capital Expenditures | $97.0M-11.8% | $110.0M+0.9% | $109.0M-14.2% | $127.0M+119.0% | $58.0M-43.1% | $102.0M+15.9% | $88.0M+33.3% | $66.0M |
| Free Cash Flow | -$21.0M-135.6% | $59.0M+173.8% | -$80.0M-187.0% | $92.0M-69.0% | $297.0M-12.6% | $340.0M-25.9% | $459.0M+7.5% | $427.0M |
| Investing Cash Flow | $3.8B+3523.6% | -$110.0M+3.5% | -$114.0M+10.2% | -$127.0M-119.0% | -$58.0M+43.1% | -$102.0M-15.9% | -$88.0M-1366.7% | -$6.0M |
| Financing Cash Flow | -$2.7B-2348.2% | -$110.0M+20.9% | -$139.0M-33.7% | -$104.0M+73.7% | -$396.0M-185.7% | $462.0M+251.0% | -$306.0M+36.9% | -$485.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SOLV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.1%-0.2pp | 54.4%+0.5pp | 53.8%-0.1pp | 53.9%-0.7pp | 54.6%-3.5pp | 58.1%+1.3pp | 56.9%-1.4pp | 58.3% |
| Operating Margin | 80.6%+70.7pp | 9.9%+2.6pp | 7.3%+0.8pp | 6.6%-5.2pp | 11.7%-7.2pp | 18.9%-1.0pp | 19.9%-4.4pp | 24.3% |
| Net Margin | 60.4%+56.2pp | 4.2%-2.5pp | 6.6%+5.1pp | 1.5%-2.8pp | 4.3%-7.5pp | 11.8%-1.6pp | 13.4%-8.8pp | 22.2% |
| Return on Equity | 25.4%+22.9pp | 2.5%-1.7pp | 4.2%+3.1pp | 1.1%-2.0pp | 3.1%-3.0pp | 6.2%+3.8pp | 2.3%-1.6pp | 4.0% |
| Return on Assets | 9.1%+8.5pp | 0.6%-0.3pp | 0.9%+0.7pp | 0.2%-0.4pp | 0.6%-1.0pp | 1.6%-0.3pp | 1.9% | N/A |
| Current Ratio | 1.50+0.3 | 1.22+0.0 | 1.19-0.0 | 1.20-0.1 | 1.31-0.5 | 1.81+0.4 | 1.46 | N/A |
| Debt-to-Equity | 1.03-1.1 | 2.14-0.3 | 2.40-0.2 | 2.64-0.3 | 2.90+0.7 | 2.16+2.2 | 0.00 | N/A |
| FCF Margin | -1.0%-3.7pp | 2.7%+6.6pp | -3.9%-8.3pp | 4.4%-9.8pp | 14.3%-2.6pp | 16.9%-5.7pp | 22.5%+1.9pp | 20.6% |
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Frequently Asked Questions
What is Solventum Corporation's annual revenue?
Solventum Corporation (SOLV) reported $8.3B in total revenue for fiscal year 2024. This represents a 0.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Solventum Corporation's revenue growing?
Solventum Corporation (SOLV) revenue grew by 0.7% year-over-year, from $8.2B to $8.3B in fiscal year 2024.
Is Solventum Corporation profitable?
Yes, Solventum Corporation (SOLV) reported a net income of $479.0M in fiscal year 2024, with a net profit margin of 5.8%.
What is Solventum Corporation's earnings per share (EPS)?
Solventum Corporation (SOLV) reported diluted earnings per share of $2.76 for fiscal year 2024. This represents a -64.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Solventum Corporation's EBITDA?
Solventum Corporation (SOLV) had EBITDA of $1.6B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Solventum Corporation have?
As of fiscal year 2024, Solventum Corporation (SOLV) had $762.0M in cash and equivalents against $7.8B in long-term debt.
What is Solventum Corporation's gross margin?
Solventum Corporation (SOLV) had a gross margin of 55.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Solventum Corporation's operating margin?
Solventum Corporation (SOLV) had an operating margin of 12.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Solventum Corporation's net profit margin?
Solventum Corporation (SOLV) had a net profit margin of 5.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Solventum Corporation's return on equity (ROE)?
Solventum Corporation (SOLV) has a return on equity of 16.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Solventum Corporation's free cash flow?
Solventum Corporation (SOLV) generated $805.0M in free cash flow during fiscal year 2024. This represents a -50.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Solventum Corporation's operating cash flow?
Solventum Corporation (SOLV) generated $1.2B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Solventum Corporation's total assets?
Solventum Corporation (SOLV) had $14.5B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Solventum Corporation's capital expenditures?
Solventum Corporation (SOLV) invested $380.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Solventum Corporation spend on research and development?
Solventum Corporation (SOLV) invested $775.0M in research and development during fiscal year 2024.
How many shares does Solventum Corporation have outstanding?
Solventum Corporation (SOLV) had 173M shares outstanding as of fiscal year 2024.
What is Solventum Corporation's current ratio?
Solventum Corporation (SOLV) had a current ratio of 1.20 as of fiscal year 2024, which is considered adequate.
What is Solventum Corporation's debt-to-equity ratio?
Solventum Corporation (SOLV) had a debt-to-equity ratio of 2.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Solventum Corporation's return on assets (ROA)?
Solventum Corporation (SOLV) had a return on assets of 3.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Solventum Corporation's Altman Z-Score?
Solventum Corporation (SOLV) has an Altman Z-Score of 1.56, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Solventum Corporation's Piotroski F-Score?
Solventum Corporation (SOLV) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Solventum Corporation's earnings high quality?
Solventum Corporation (SOLV) has an earnings quality ratio of 2.47x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Solventum Corporation?
Solventum Corporation (SOLV) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.