Companies / Health Care
SOLV
Solventum
Health Care Technology
Health Care TechnologyAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health42
Growth28
Profitability77
Cash generation10
Balance sheet25
Dilution control68
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)-7.0%Revenue growth (FY)0.9%Revenue CAGR (3y)0.8%Gross margin53.5%Operating margin26.2%Net margin18.7%Free cash flow margin-0.1%R&D / revenue8.9%Stock comp / revenue1.9%Net debt / operating cash flow11.27xCurrent ratio1.23Diluted share count change0.9%
| Fiscal year ending | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|
| Revenue | $8.1B | $8.2B | $8.3B | $8.3B |
| Gross profit | $4.7B | $4.7B | $4.6B | $4.5B |
| Operating income | $1.7B | $1.7B | $1.0B | $2.2B |
| Net income | $1.3B | $1.3B | $479M | $1.6B |
| Operating cash flow | $1.7B | $1.9B | $1.2B | $369M |
| Capital expenditure | $251M | $290M | $380M | $379M |
| Free cash flow | $1.4B | $1.6B | $805M | -$10M |
| R&D | $767M | $758M | $775M | $739M |
| Stock-based comp | $37M | $39M | $112M | $161M |
| Cash | $61M | $194M | $762M | $878M |
| Total debt | — | $0 | $8.2B | $5.0B |
| Equity | $11.7B | $11.7B | $3.0B | $5.0B |
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