Solventum Corporation logo SOLV - Solventum Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 7
HOLD 3
SELL 1
STRONG
SELL 0
| PRICE TARGET: $92.43 DETAILS
HIGH: $100.00
LOW: $78.00
MEDIAN: $93.00
CONSENSUS: $92.43
UPSIDE: 20.30%
Annual Quarterly
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Revenue
Revenue 2,007 1,998 2,096 2,161 2,070 2,075 2,082 2,081 2,016 2,036 2,074 2,076 2,011 1,970 2,009 2,058 2,058
Cost of Revenue 910 1,013 919 986 956 956 917 944 844 878 865 887 874 1,002 860 839.5 839.5
Gross Profit 1,097 985 1,177 1,175 1,114 1,119 1,165 1,137 1,172 1,158 1,209 1,189 1,137 968 1,149 1,218.5 1,218.5
Operating Expenses
R&D Expenses 189 176 183 189 193 199 189 192 195 190 180 193 195 187 183 199 199
SG&A Expenses 827 759 780 772 769 784 701 701 596 562 525 579 577 561 543 577 577
Other Expenses 0 (1,628) 77 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 1,016 (693) 1,040 961 962 983 890 893 791 752 705 772 772 748 726 775.5 775.5
Operating Income
Operating Income 81 1,678 137 214 152 136 275 244 381 406 504 417 365 220 423 442.5 442.5
Interest Expense 62 51 89 103 104 107 107 114 39 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 216 489 1,724 328 271 270 407 343 507 530 644 546 508 371 565 585 585
EBIT 81 109 1,603 206 142 120 274 210 368 391 500 413 363 220 423 442.5 442.5
Income Before Tax 16 58 1,514 103 38 13 167 96 329 391 500 413 363 (350) 423 443 443
Income Tax Expense 3 (5) 248 13 (99) (17) 45 7 92 119 40 92 70 (34) 88 92.5 92.5
Net Income 13 63 1,266 90 137 31 122 89 237 272 460 321 293 (316) 335 350.5 350.5
Per Share Data
EPS (Basic) 0.07 0.36 7.26 0.52 0.79 0.18 0.70 0.51 1.37 1.57 2.66 1.86 1.70 1.78 1.94 2.03 2.03
EPS (Diluted) 0.07 0.37 7.22 0.51 0.78 0.18 0.70 0.51 1.37 1.57 2.66 1.86 1.70 1.78 1.94 2.03 2.03
Shares Outstanding 174.2 174.1 174.3 174.1 173.7 173.4 173.4 173.2 172.7 172.7 172.7 172.7 172.7 172.5 172.5 172.5 172.5
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2
Current Assets
Cash & Cash Equivalents 561 878 1,642 492 534 762 772 897 996 194 500 39
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 1,059 1,034 1,019 1,255 1,111 1,229 1,105 1,317 1,220 1,313 1,153 1,203
Inventory 1,089 1,066 1,049 962 866 965 953 899 901 857 849 880
Other Current Assets 874 881 697 499 542 293 524 250 242 155 154 163
Total Current Assets 3,583 3,859 4,407 3,208 3,053 3,249 3,354 3,363 3,359 2,519 2,656 2,285
Non-Current Assets
Property, Plant & Equipment 1,543 1,326 1,336 1,313 1,198 1,622 1,599 1,537 1,491 1,457 1,371 1,359
Goodwill 5,626 5,704 5,260 5,274 4,991 6,377 6,592 6,447 6,468 6,535 6,402 6,503
Intangible Assets 2,497 2,592 2,223 2,302 2,365 2,544 2,651 2,724 2,810 2,902 2,977 3,080
Long-Term Investments 0 0 0 0 3 0 0 0 (211) 0 0 0
Other Non-Current Assets 848 813 747 2,977 2,917 665 549 507 583 530 467 414
Total Non-Current Assets 10,514 10,435 9,566 11,866 11,474 11,208 11,391 11,215 11,352 11,424 11,217 11,356
Total Assets 14,097 14,294 13,973 15,074 14,527 14,457 14,745 14,578 14,711 13,943 13,873 13,641
Current Liabilities
Account Payables 699 687 669 643 604 618 560 495 587 477 377 372
Short-Term Debt 505 0 0 0 100 200 300 0 0 0 0 0
Deferred Revenue 613 621 576 557 558 572 563 505 566 574 522 0
Other Current Liabilities 1,529 1,828 1,693 687 605 659 1,481 670 548 365 572 690
Total Current Liabilities 3,346 3,136 2,938 2,620 2,566 2,703 2,904 2,571 1,854 1,728 1,471 1,382
Non-Current Liabilities
Long-Term Debt 4,575 5,035 5,137 7,815 7,813 7,810 7,809 8,306 8,303 8,303 8,325 0
Deferred Tax Liabilities 161 164 169 231 226 225 214 214 211 231 175 0
Other Non-Current Liabilities 1,046 910 743 763 660 760 626 620 492 (7,985) 229 442
Total Non-Current Liabilities 5,782 6,109 6,049 8,809 8,699 8,795 8,649 9,140 9,006 549 9,152 530
Total Liabilities 9,128 9,245 8,987 11,429 11,265 11,498 11,553 11,711 10,860 2,277 10,623 1,912
Stockholders' Equity
Common Stock 2 2 2 2 2 2 2 2 4,809 0 7 12,136
Retained Earnings 1,810 1,797 1,734 468 378 242 211 89 0 0 0 0
Accumulated Other Comprehensive Income (670) (625) (604) (631) (899) (1,056) (765) (943) (958) (337) (1,020) (407)
Total Stockholders' Equity 4,969 5,049 4,986 3,645 3,262 2,959 3,192 2,867 3,851 11,666 3,250 11,729
Total Liabilities & Equity 14,097 14,294 13,973 15,074 14,527 14,457 14,745 14,578 14,711 13,943 13,873 13,641
Debt Metrics
Total Debt 5,080 5,035 5,137 7,815 7,913 8,010 8,109 8,306 8,303 8,303 8,325 147
Net Debt 4,519 4,157 3,495 7,323 7,379 7,248 7,337 7,409 7,307 8,109 7,825 108
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Operating Activities
Net Income 13 63 1,266 90 137 31 122 89 237 272 460 321 293 307 335 350.5 350.5
Depreciation & Amortization 135 0 0 122 129 150 133 133 139 139 144 133 145 151 142 142.5 142.5
Stock-Based Compensation 51 0 0 34 49 25 27 56 4 7 6 8 18 4 7 13 13
Change in Working Capital (360) (6) 105 (61) (157) 71 (87) 98 78 162 (41) (72) 77 25 22 (137.5) (137.5)
Other Non-Cash Items 13 38 (1,425) 17 15 4 11 10 9 10 (46) 11 10 15 16 (71) 0
Operating Cash Flow (189) 95 76 169 29 219 169 355 442 547 493 366 509 446 496 368.5 368.5
Investing Activities
Capital Expenditure (84) (63) (97) (110) (109) (127) (93) (58) (102) (88) (66) (71) (65) (82) (57) (56) (56)
Acquisitions 0 0 3,870 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 7 (683) (7) 0 (5) 0 0 0 0 0 60 0 0 0 0 (1) (1)
Investing Cash Flow (77) (746) 3,766 (110) (114) (127) (93) (58) (102) (88) (6) (71) (65) (82) (57) (57) (57)
Financing Activities
Net Debt Issuance 46 (100) (2,770) (100) (100) (100) (200) 0 8,303 0 0 0 0 0 0 0 0
Stock Repurchased (67) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (29) (15) 77 (10) (39) (4) (2) (396) (7,841) (306) (485) (299) (462) (356) (455) (324.5) (324.5)
Financing Cash Flow (50) (115) (2,693) (110) (139) (104) (202) (396) 462 (306) (485) (299) (462) (356) (455) (324.5) (324.5)
Cash Position
Net Change in Cash (317) (764) 1,150 (42) (228) (10) (125) (99) 802 152 3 (4) (18) 7 (13) (12) (12)
Cash at Beginning 878 1,642 492 534 762 772 897 996 194 42 39 43 61 54 67 79 0
Cash at End 561 878 1,642 492 534 762 772 897 996 194 42 39 43 61 54 67 (12)
Free Cash Flow (273) 32 (21) 59 (80) 92 76 297 340 459 427 295 444 364 439 312.5 312.5
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1
Income Statement
Revenue 2,007 1,998 2,096 2,161 2,070 2,075 2,082 2,081 2,016 2,036 2,074 2,076 2,011 1,970 2,009 2,058 2,058
Gross Profit 1,097 985 1,177 1,175 1,114 1,119 1,165 1,137 1,172 1,158 1,209 1,189 1,137 968 1,149 1,218.5 1,218.5
Operating Income 81 1,678 137 214 152 136 275 244 381 406 504 417 365 220 423 442.5 442.5
Net Income 13 63 1,266 90 137 31 122 89 237 272 460 321 293 (316) 335 350.5 350.5
EPS (Diluted) 0.07 0.37 7.22 0.51 0.78 0.18 0.70 0.51 1.37 1.57 2.66 1.86 1.70 1.78 1.94 2.03 2.03
Balance Sheet
Cash & Equivalents 561 878 1,642 492 534 762 772 897 996 194 500 39
Total Assets 14,097 14,294 13,973 15,074 14,527 14,457 14,745 14,578 14,711 13,943 13,873 13,641
Total Debt 5,080 5,035 5,137 7,815 7,913 8,010 8,109 8,306 8,303 8,303 8,325 147
Stockholders' Equity 4,969 5,049 4,986 3,645 3,262 2,959 3,192 2,867 3,851 11,666 3,250 11,729
Cash Flow
Operating Cash Flow (189) 95 76 169 29 219 169 355 442 547 493 366 509 446 496 368.5 368.5
Capital Expenditure (84) (63) (97) (110) (109) (127) (93) (58) (102) (88) (66) (71) (65) (82) (57) (56) (56)
Free Cash Flow (273) 32 (21) 59 (80) 92 76 297 340 459 427 295 444 364 439 312.5 312.5