financial statements

The full income statement, balance sheet, and cash-flow statement for Solventum Corporation (SOLV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
Revenue	8.32B YoY+0.9%	8.25B YoY+0.7%	8.20B YoY+0.8%	8.13B
Gross profit	4.45B YoY-3.1%	4.59B YoY-2.1%	4.69B YoY-0.0%	4.70B
Research & development	739M YoY-4.6%	775M YoY+2.2%	758M YoY-1.2%	767M
Selling, general & administrative	3.08B YoY+10.7%	2.78B YoY+21.0%	2.30B YoY+2.9%	2.23B
Restructuring	—	62.0M	—	—
Amortization of intangibles	312M YoY-10.6%	349M YoY-4.4%	365M YoY-2.1%	373M
Operating income	2.18B YoY+110.5%	1.04B YoY-38.8%	1.69B YoY-0.1%	1.69B
Other non-operating income	-39.0M YoY+39.1%	-64.0M YoY-156.0%	-25.0M YoY-2400.0%	-1.00M
Pre-tax income	1.71B YoY+183.1%	605M YoY-63.7%	1.67B YoY-1.5%	1.69B
Income tax	157M YoY+23.6%	127M YoY-60.4%	321M YoY-8.0%	349M
Net income	1.56B YoY+224.8%	479M YoY-64.4%	1.35B YoY+0.2%	1.34B
	$8.88 YoY+221.7%	$2.76 YoY-64.6%	$7.79 YoY+0.1%	$7.78
EPS (basic)	$8.94 YoY+222.7%	$2.77 YoY-64.4%	$7.79 YoY+0.1%	$7.78
Weighted-avg shares (basic)	174M YoY+0.5%	173M YoY+0.3%	173M YoY+0.0%	173M
Weighted-avg shares (diluted)	175M YoY+0.9%	174M YoY+0.6%	173M YoY+0.0%	173M
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	3.86B YoY+18.8%	3.25B YoY+29.0%	2.52B	—
Cash & equivalents	878M YoY+15.2%	762M YoY+292.8%	194M YoY+218.0%	61.0M
Accounts receivable	1.03B YoY-1.0%	1.04B YoY-20.5%	1.31B	—
Inventory	1.07B YoY+10.5%	965M YoY+12.6%	857M	—
Other current assets	731M YoY+149.5%	293M YoY+89.0%	155M	—
	14.3B YoY-1.1%	14.5B YoY+3.7%	13.9B	—
Property, plant & equipment	1.33B YoY-18.2%	1.62B YoY+11.3%	1.46B	—
Operating lease right-of-use	214M YoY+21.6%	176M YoY+79.6%	98.0M	—
Goodwill	5.70B YoY-10.6%	6.38B YoY-2.4%	6.54B YoY+1.6%	6.43B
Intangible assets	2.59B YoY+1.9%	2.54B YoY-12.3%	2.90B	—
Deferred tax assets	263M	—	—	—
Other non-current assets	814M YoY+22.4%	665M YoY+25.5%	530M	—
	3.14B YoY+16.0%	2.70B YoY+56.4%	1.73B	—
Accounts payable	687M YoY+11.2%	618M YoY+29.6%	477M	—
Accrued liabilities	435M YoY+59.9%	272M	0.00	—
Deferred revenue	621M YoY+8.6%	572M YoY-0.3%	574M	—
Short-term & current debt	0.00 YoY-100.0%	200M	0.00	—
Current lease liability	70.0M YoY-19.5%	87.0M YoY+200.0%	29.0M	—
Other current liabilities	1.39B YoY+33.8%	1.04B YoY+53.8%	677M	—
	9.24B YoY-19.6%	11.5B YoY+405.0%	2.28B	—
Long-term debt	5.04B YoY-35.5%	7.81B	0.00	—
Non-current lease liability	142M YoY+65.1%	86.0M YoY+24.6%	69.0M	—
Deferred tax liabilities	164M YoY-27.1%	225M YoY-2.6%	231M	—
Other non-current liabilities	547M YoY+33.4%	410M YoY+169.7%	152M	—
	5.05B YoY+70.6%	2.96B YoY-74.6%	11.7B YoY-0.6%	11.7B
Common stock	2.00M YoY+0.0%	2.00M	0.00	—
Additional paid-in capital	3.88B YoY+2.8%	3.77B	0.00	—
Retained earnings	1.80B YoY+642.6%	242M	0.00	—
Treasury stock	0.00	—	—	—
Accumulated other comprehensive income	-625M YoY+40.8%	-1.06B YoY-213.4%	-337M	—
Total liabilities & equity	14.3B YoY-1.1%	14.5B YoY+3.7%	13.9B	—
Common shares issued	173M YoY+0.4%	173M	0.00	—
Common shares outstanding	173M YoY+0.4%	173M	0.00	—
Shares outstanding (cover)	173M YoY+0.4%	173M	—	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
	369M YoY-68.9%	1.19B YoY-38.1%	1.92B YoY+14.1%	1.68B
Depreciation & amortization	489M YoY-11.9%	555M YoY-1.1%	561M YoY-2.9%	578M
Share-based compensation	161M YoY+43.8%	112M YoY+187.2%	39.0M YoY+5.4%	37.0M
Deferred income taxes	-120M YoY+22.6%	-155M YoY-9.2%	-142M YoY-0.7%	-141M
Change in receivables	-34.0M YoY+20.9%	-43.0M YoY-133.3%	129M YoY+303.1%	32.0M
Change in inventory	139M YoY+5.3%	132M YoY+673.9%	-23.0M YoY-128.0%	82.0M
Change in payables	104M YoY-60.9%	266M YoY+153.3%	105M YoY+320.0%	25.0M
Other operating activities	-194M YoY-389.6%	67.0M YoY+546.7%	-15.0M YoY+86.7%	-113M
	2.80B YoY+836.1%	-380M YoY-65.2%	-230M YoY+9.1%	-253M
Capital expenditure	379M YoY-0.3%	380M YoY+31.0%	290M YoY+15.5%	251M
Acquisitions	696M	0.00	0.00	—
Other investing activities	18.0M	0.00	0.00 YoY-100.0%	2.00M
	-3.06B YoY-1173.8%	-240M YoY+84.5%	-1.55B YoY-6.3%	-1.46B
Other financing activities	46.0M YoY+475.0%	8.00M YoY+700.0%	1.00M YoY+125.0%	-4.00M
Net change in cash	116M YoY-79.6%	568M YoY+327.1%	133M YoY+543.3%	-30.0M
Interest paid	442M YoY+54.0%	287M	0.00	0.00
Income taxes paid	181M YoY-25.8%	244M	0.00	0.00
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22
Market cap	13.7B YoY+20.4%	11.4B	—	—
P/E	8.8× YoY-62.9%	23.8×	—	—
P/S	1.7× YoY+19.4%	1.4×	—	—
P/B	2.7× YoY-29.4%	3.9×	—	—
P/FCF	—	14.2×	—	—
Earnings yield	11.3% YoY+169.7%	4.2%	—	—
FCF yield	—	7.1%	—	—
Source filing	10-K	10-K	10-K	10-K

About this data

Source: SOLV's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SOLV filings on SEC EDGAR → Not investment advice.

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financial statements