Solventum Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	8,388	8,254	8,197	8,130
Revenue Growth (YoY)	2.21%	0.69%	0.82%	-
Cost of Revenue	3,815	3,661	3,504	3,435
Gross Profit	4,573	4,593	4,693	4,695
Selling, General & Admin	3,026	2,782	2,243	2,235
Research & Development	770	775	758	767
Operating Income	777	1,036	1,692	1,693
Interest Expense	-421	-367	-	-
Other Non-Operating Income (Expense)	-36	-64	-25	-1
Total Non-Operating Income (Expense)	-457	-431	-25	-1
Pretax Income	321	605	1,667	1,692
Provision for Income Taxes	-58	127	321	349
Net Income	380	479	1,346	1,343
Net Income to Common	380	479	1,346	1,343
Net Income Growth	-64.08%	-64.41%	0.22%	-
Shares Outstanding (Basic)	174	173	173	173
Shares Outstanding (Diluted)	175	174	173	173
Shares Change (YoY)	1.00%	0.58%	-	-
EPS (Basic)	2.19	2.77	7.79	7.78
EPS (Diluted)	2.17	2.76	7.79	7.78
EPS Growth	-64.48%	-64.57%	0.13%	-
Free Cash Flow	147	805	1,625	1,428
Free Cash Flow Growth	-81.74%	-50.46%	13.80%	-
Free Cash Flow Per Share	0.84	4.63	9.41	8.27
Gross Margin	54.52%	55.65%	57.25%	57.75%
Operating Margin	9.26%	12.55%	20.64%	20.82%
Profit Margin	4.53%	5.80%	16.42%	16.52%
FCF Margin	1.75%	9.75%	19.82%	17.56%
EBITDA	1,311	1,591	2,253	2,271
EBITDA Margin	15.63%	19.28%	27.49%	27.93%
EBIT	777	1,036	1,692	1,693
EBIT Margin	9.26%	12.55%	20.64%	20.82%
Effective Tax Rate	-18.07%	20.99%	19.26%	20.63%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.