Solventum

Health Care Health Care Technology Saint Paul, Minnesota Last filing Feb 27, 2026 · FY2025

                    Revenue
                    FY2025
                
$8.3B
                    3y CAGR +0.8%
                    
                    P20
                    
                    +0.9%
                    
                    Net income
                    FY2025
                
$1.6B
                    Net margin +18.7%
                    
                    P75
                    
                    +224.8%
                    
                    Total assets
                    FY2025
                
$14.3B
                    ROA +10.9%
                    
                    P73
                    
                    -1.1%
                    
                    Operating cash flow
                    FY2025
                
$369.0M
                    FCF margin -0.1%
                    
                    P6
                    
                    -68.9%

4 yrs · FY2022–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 3 years

Total assets $14.3B

Total liabilities $9.2B

Shareholders equity $5.0B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	+112.7%	+292.8%	—
Accounts Receivable	—	—	—
Inventory	—	—	—
Prepaid Expenses	—	—	—
Other Current Assets	—	—	—
Total Current Assets	—	—	—
Property,Plant and Equipment	—	—	—
Operating Lease Assets	—	—	—
Goodwill	-6.6%	-2.4%	—
Intangible Assets	—	—	—
Other Noncurrent Assets	—	—	—
Total Assets	—	—	—
Liabilities
Accounts Payable	—	—	—
Accrued Liabilities	—	—	—
Deferred Revenue	—	—	—
Current Portion of Long Term Debt	—	—	—
Other Current Liabilities	—	—	—
Total Current Liabilities	—	—	—
Long Term Debt	—	—	—
Deferred Tax Liabilities	—	—	—
Other Noncurrent Liabilities	+63.3%	+100.0%	—
Total Liabilities	—	—	—
Equity
Common Stock	—	—	—
Additional Paid In Capital	—	—	—
Retained Earnings	—	—	—
Accumulated Other Comprehensive Income	—	—	—
Total Stockholders Equity	-34.2%	-74.6%	—
Total Liabilitiesand Equity	—	—	—

Income Statement

Revenue, expense, and profitability

16 accounts · 3 years

Revenue $8.3B

Operating income $2.2B

Net income $1.6B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	+0.8%	+0.7%	—
Expenses Research and Development	-1.3%	+2.2%	—
Expenses Selling,General and Administrative	+15.7%	+21.0%	—
Expenses Depreciation and Amortization	-6.6%	-1.1%	—
Expenses Share Based Compensation	+103.2%	+187.2%	—
Other Income Expense Gross Profit	-2.6%	-2.1%	—
Other Income Expense Operating Income	+13.5%	-38.8%	—
Other Income Expense Other Income/expense	—	—	—
Other Income Expense Income Before Tax	+1.4%	-63.7%	—
Income Tax Income Tax Expense	-30.1%	-60.4%	—
net Income net Income	+7.5%	-64.4%	—
net Income Comprehensive Income	+16.2%	-80.2%	—
Earnings Per Share Basic Eps	+7.1%	-64.4%	—
Earnings Per Share Diluted Eps	+6.8%	-64.6%	—
Earnings Per Share Weighted Average Shares Basic	+0.4%	+0.3%	—
Earnings Per Share Weighted Average Shares Diluted	+0.7%	+0.6%	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $369.0M

Investing cash flow $2.8B

Financing cash flow $-3.1B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+7.5%	-64.4%	—
Operating Activities Depreciation and Amortization	-6.6%	-1.1%	—
Operating Activities Stock Based Compensation	+103.2%	+187.2%	—
Operating Activities Deferred Income Taxes	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	-0.5%	+68.2%	—
Operating Activities Other Non Cash Items	—	—	—
Operating Activities net Cash From Operating Activities	-56.1%	-38.1%	—
Investing Activities Capital Expenditures	+14.3%	+31.0%	—
Investing Activities Business Acquisitions	—	—	—
Investing Activities Other Investing Activities	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—
Financing Activities Proceeds From Debt	—	—	—
Financing Activities Repayment of Debt	—	—	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—
Financing Activities Other Financing Activities	+578.2%	+700.0%	—
Financing Activities net Cash From Financing Activities	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	+112.7%	+292.8%	—
Cash Reconciliation net Change In Cash	-6.6%	+327.1%	—
Cash Reconciliation Cash At Beginning of Period	+112.7%	+292.8%	—
Cash Reconciliation Cash At End of Period	+112.7%	+292.8%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	+26.2%	+12.6%	+20.6%
Net margin	+18.7%	+5.8%	+16.4%
FCF margin	-0.1%	+9.8%	+19.8%
Growth
Revenue CAGR (3y)	+0.8%	—	—
Returns
ROE	+30.8%	+16.2%	+11.5%
ROA	+10.9%	+3.3%	—
ROIC	+21.5%	+8.0%	—
Liquidity
Current ratio	1.23x	1.20x	—
Quick ratio	0.61x	0.67x	—
Leverage
D/E	1.83x	3.89x	—
Interest coverage	—	—	—
Efficiency
Asset turnover	0.58x	0.57x	—
Cash conversion cycle	—	—	—

Valuation

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FY2025 fundamentals · no price

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Solventum

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