4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $8.3B | $1.6B | 53.5% | 26.2% | -$10M | $5.0B | $878M |
| 2024 | $8.3B | $479M | 55.6% | 12.6% | $805M | $8.0B | $762M |
| 2023 | $8.2B | $1.3B | 57.3% | 20.6% | $1.6B | $0 | $194M |
| 2022 | $8.1B | $1.3B | 57.7% | 20.8% | $1.4B | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $2.0B | $13M | 54.7% | 4.0% | -$273M | $5.1B | $561M |
| Dec '25 | $2.0B | $63M | 51.4% | 6.2% | $32M | $5.0B | $878M |
| Sep '25 | $2.1B | $1.3B | 54.2% | 80.6% | -$21M | $5.1B | $1.6B |
| Jun '25 | $2.2B | $90M | 54.4% | 9.9% | $59M | $7.8B | $492M |
| Mar '25 | $2.1B | $137M | 53.8% | 7.3% | -$80M | $7.9B | $534M |
| Dec '24 | $2.1B | $31M | 53.9% | 6.6% | $92M | $8.0B | $762M |
| Sep '24 | $2.1B | $122M | 56.0% | 13.2% | $76M | $8.1B | $772M |
| Jun '24 | $2.1B | $89M | 54.6% | 11.7% | $297M | $8.3B | $897M |
| Mar '24 | $2.0B | $237M | 58.1% | 18.9% | $340M | $8.3B | $996M |
| Dec '23 | $2.0B | $272M | 56.9% | 19.9% | $459M | $0 | $194M |
| Sep '23 | $2.1B | $460M | 58.3% | 24.3% | $427M | — | — |
| Jun '23 | $2.1B | $321M | 57.3% | 20.1% | $295M | — | — |
| Mar '23 | $2.0B | $293M | 56.5% | 18.2% | $444M | — | — |
How the market has priced SOLV against its own fundamentals since 2024-04 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 3 years, Solventum's revenue has grown 0.8% per year, and net income grown 5.0% per year. These are computed facts, not advice.
As of FY2025, Solventum reported $5.0B of total debt against $878M of cash.
In FY2025, gross margin was 53.5%, operating margin 26.2%, and net margin 18.7%.
As of Jun '26, Solventum traded at a price-to-earnings ratio of about 8.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.