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Solventum Corporation (SOLV) 10-Year Financial Performance & Capital Metrics

SOLV •
HealthcareHealthcare FacilitiesHealthcare staffing and facility services
AboutSolventum Corporation, a healthcare company, engages in the developing, manufacturing, and commercializing a portfolio of solutions to address critical customer and patient needs. It operates through four segments: Medsurg, Dental Solutions, Health Information Systems, and Purification and Filtration. The Medsurg segment is a provider of solutions including advanced wound care, I.V. site management, sterilization assurance, temperature management, surgical supplies, stethoscopes, and medical electrodes. The Dental Solutions segment provides a comprehensive suite of dental and orthodontic products including brackets, aligners, restorative cements, and bonding agents. The Health Information Systems provides software solutions including computer-assisted, physician documentation, direct-to-bill and coding automation, classification methodologies, speech, recognition, and data visualization platforms. The Purification and Filtration segment provides purification and filtration technologies including filters, purifiers, cartridges, and membranes. The company was incorporated in 2023 and is based in Saint Paul, Minnesota.Show more
  • Revenue $8.32B +0.9%
  • EBITDA $2.18B +37.1%
  • Net Income $1.56B +224.8%
  • EPS (Diluted) 8.88 +221.7%
  • Gross Margin 53.47% -3.9%
  • EBITDA Margin 26.2% +35.9%
  • Operating Margin 26.2% +108.7%
  • Net Margin 18.69% +222.1%
  • ROE 38.86% +493.3%
  • ROIC 16.85% +225.1%
  • Debt/Equity 1.00 -63.2%
  • Interest Coverage 6.29 +122.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Good 3Y average ROE of 19.0%
  • ✓Healthy 5Y average net margin of 15.1%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y0.79%
TTM0.86%

Profit (Net Income) CAGR

10Y-
5Y-
3Y5.03%
TTM224.84%

EPS CAGR

10Y-
5Y-
3Y4.46%
TTM221.74%

ROCE

10Y Avg13.98%
5Y Avg13.98%
3Y Avg13.83%
Latest19.04%

Peer Comparison

Healthcare staffing and facility services
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
Safety & Leverage
TTM Growth
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CCELCryo-Cell International, Inc.27.15M3.3767.402.05%1.26%13.29%
HCSGHealthcare Services Group, Inc.1.67B21.7726.887.08%2.2%8.01%8.32%0.03
SOLVSolventum Corporation12.87B74.208.360.86%18.69%30.82%1.00
AMSAmerican Shared Hospital Services13.74M2.116.3932.9%-7.65%-7.87%0.77
SYRASyra Health Corp. Class A Common Stock60K0.10-0.1944.73%-16.89%-57.31%0.16
AMNAMN Healthcare Services, Inc.987.48M19.48-5.06-21.26%-3.5%-14.9%24.26%1.55
CCRNCross Country Healthcare, Inc.280.81M8.70-19.77-33.46%-1.39%-3.84%39.67%0.01

Compare SOLV vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs HCSG

Compare head-to-head with Healthcare Services Group, Inc.

vs AMN

Compare head-to-head with AMN Healthcare Services, Inc.

Compare Top 5

vs HCSG, AMN, CCRN, CCEL

Profit & Loss

Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Sales/Revenue+8.17B8.13B8.2B8.25B8.32B
Revenue Growth %--0.5%0.82%0.7%0.86%
Cost of Goods Sold+3.25B3.44B3.5B3.66B3.87B
COGS % of Revenue39.75%42.25%42.75%44.35%46.53%
Gross Profit+4.92B4.7B4.69B4.59B4.45B
Gross Margin %60.25%57.75%57.25%55.65%53.47%
Gross Profit Growth %--4.63%-0.04%-2.13%-3.09%
Operating Expenses+3.04B3B3B3.56B3.82B
OpEx % of Revenue37.25%36.93%36.61%43.09%45.87%
Selling, General & Admin2.28B2.23B2.24B2.78B3.08B
SG&A % of Revenue27.88%27.49%27.36%33.7%37%
Research & Development766M767M758M775M739M
R&D % of Revenue9.37%9.43%9.25%9.39%8.88%
Other Operating Expenses00000
Operating Income+1.88B1.69B1.69B1.04B2.18B
Operating Margin %23%20.82%20.64%12.55%26.2%
Operating Income Growth %--9.9%-0.06%-38.77%110.52%
EBITDA+2.48B2.27B2.25B1.59B2.18B
EBITDA Margin %30.3%27.93%27.49%19.28%26.2%
EBITDA Growth %--8.28%-0.79%-29.38%37.08%
D&A (Non-Cash Add-back)597M578M561M555M0
EBIT1.88B1.69B1.67B972M0
Net Interest Income+000-367M0
Interest Income00000
Interest Expense000367M347M
Other Income/Expense3M-1M-25M-431M-468M
Pretax Income+1.88B1.69B1.67B605M1.71B
Pretax Margin %23.03%20.81%20.34%7.33%20.58%
Income Tax+422M349M321M127M157M
Effective Tax Rate %77.58%79.37%80.74%79.17%90.83%
Net Income+1.46B1.34B1.35B479M1.56B
Net Margin %17.87%16.52%16.42%5.8%18.69%
Net Income Growth %--8.01%0.22%-64.41%224.84%
Net Income (Continuing)1.46B1.34B1.35B478M1.56B
Discontinued Operations00000
Minority Interest00000
EPS (Diluted)+8.477.797.792.768.88
EPS Growth %--8.03%0.04%-64.59%221.74%
EPS (Basic)8.477.797.792.778.94
Diluted Shares Outstanding172.47M172.47M172.71M173.7M175.3M
Basic Shares Outstanding172.47M172.47M172.71M173.2M174.1M
Dividend Payout Ratio-----

Balance Sheet

Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Current Assets+2.19B2.23B2.52B3.25B3.86B
Cash & Short-Term Investments91M61M194M762M878M
Cash Only91M61M194M762M878M
Short-Term Investments00000
Accounts Receivable1.18B1.17B1.31B1.23B1.03B
Days Sales Outstanding52.5852.5758.4754.3545.33
Inventory813M873M857M965M1.07B
Days Inventory Outstanding91.3692.7689.2796.21100.44
Other Current Assets108M126M155M293M881M
Total Non-Current Assets+11.89B11.36B11.42B11.21B10.44B
Property, Plant & Equipment1.31B1.32B1.46B1.62B1.33B
Fixed Asset Turnover6.26x6.16x5.63x5.09x6.28x
Goodwill6.67B6.43B6.54B6.38B5.7B
Intangible Assets3.66B3.25B2.9B2.54B2.59B
Long-Term Investments00000
Other Non-Current Assets253M358M530M665M813M
Total Assets+14.07B13.59B13.94B14.46B14.29B
Asset Turnover0.58x0.60x0.59x0.57x0.58x
Asset Growth %--3.42%2.57%3.69%-1.13%
Total Current Liabilities+1.41B1.31B1.73B2.7B3.14B
Accounts Payable320M348M477M618M687M
Days Payables Outstanding35.9636.9849.6961.6164.73
Short-Term Debt000200M0
Deferred Revenue (Current)574M559M574M572M621M
Other Current Liabilities323M236M365M659M2.52B
Current Ratio1.56x1.70x1.46x1.20x1.23x
Quick Ratio0.98x1.04x0.96x0.84x0.89x
Cash Conversion Cycle107.98108.3698.0588.9481.04
Total Non-Current Liabilities+610M541M549M8.79B6.11B
Long-Term Debt008.3B7.81B5.04B
Capital Lease Obligations00000
Deferred Tax Liabilities218M215M231M225M164M
Other Non-Current Liabilities392M326M-7.99B760M910M
Total Liabilities2.02B1.85B2.28B11.5B9.24B
Total Debt+008.3B8.01B5.04B
Net Debt-91M-61M8.11B7.25B4.16B
Debt / Equity--0.71x2.71x1.00x
Debt / EBITDA--3.69x5.03x2.31x
Net Debt / EBITDA-0.04x-0.03x3.60x4.56x1.91x
Interest Coverage---2.82x6.29x
Total Equity+12.06B11.74B11.67B2.96B5.05B
Equity Growth %--2.63%-0.65%-74.64%70.63%
Book Value per Share69.9268.0867.5517.0428.80
Total Shareholders' Equity12.06B11.74B11.67B2.96B5.05B
Common Stock0002M2M
Retained Earnings000242M1.8B
Treasury Stock00000
Accumulated OCI-200M-497M-337M-1.06B-625M
Minority Interest00000

Cash Flow

Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+2.2B1.68B1.92B1.19B369M
Operating CF Margin %26.95%20.65%23.36%14.36%4.43%
Operating CF Growth %--23.75%14.06%-38.12%-68.86%
Net Income1.46B1.34B1.35B479M1.56B
Depreciation & Amortization597M578M561M555M489M
Stock-Based Compensation38M37M39M112M161M
Deferred Taxes-34M-141M-142M-155M-120M
Other Non-Cash Items74M64M-15M34M-1.72B
Working Capital Changes67M-202M126M160M0
Change in Receivables-1M-32M-129M276M34M
Change in Inventory-136M-82M23M-132M-139M
Change in Payables68M25M105M266M104M
Cash from Investing+-278M-253M-230M-380M2.8B
Capital Expenditures-277M-251M-290M-380M-379M
CapEx % of Revenue3.39%3.09%3.54%4.6%4.55%
Acquisitions0060M0-696M
Investments-----
Other Investing-1M-2M003.87B
Cash from Financing+-1.96B-1.46B-1.55B-240M-3.06B
Debt Issued (Net)0008B0
Equity Issued (Net)00000
Dividends Paid00000
Share Repurchases00000
Other Financing-1.96B-1.46B-1.55B-8.24B-3.06B
Net Change in Cash-33M-30M133M568M116M
Free Cash Flow+1.93B1.43B1.63B805M-10M
FCF Margin %23.56%17.56%19.82%9.75%-0.12%
FCF Growth %--25.82%13.8%-50.46%-101.24%
FCF per Share11.168.289.414.63-0.06
FCF Conversion (FCF/Net Income)1.51x1.25x1.42x2.47x0.24x
Interest Paid000287M0
Taxes Paid000244M0

Key Ratios

Metric20212022202320242025
Return on Equity (ROE)12.11%11.29%11.5%6.55%38.86%
Return on Invested Capital (ROIC)11.78%10.74%8.07%5.18%16.85%
Gross Margin60.25%57.75%57.25%55.65%53.47%
Net Margin17.87%16.52%16.42%5.8%18.69%
Debt / Equity--0.71x2.71x1.00x
Interest Coverage---2.82x6.29x
FCF Conversion1.51x1.25x1.42x2.47x0.24x
Revenue Growth--0.5%0.82%0.7%0.86%

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