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	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	8,388	8,254	8,197	8,130	8,171	7,281
Revenue Growth (YoY)	2.21%	0.69%	0.82%	-0.50%	12.22%	-
Cost of Revenue	3,785	3,642	3,504	3,435	3,248	2,966
Gross Profit	4,603	4,612	4,693	4,695	4,923	4,315
Selling, General & Admin	3,003	2,752	2,247	2,236	2,282	2,169
Research & Development	757	768	758	767	766	719
Operating Expenses	3,760	3,520	3,005	3,003	3,048	2,888
Operating Income	843	1,092	1,688	1,692	1,875	1,427
Interest Expense	-421	-367	-	-	-	-
Other Non Operating Income (Expenses)	-12	-57	-21	-	7	1
EBT Excluding Unusual Items	410	668	1,667	1,692	1,882	1,428
Merger & Restructuring Charges	-88	-62	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	12
Pretax Income	322	606	1,667	1,692	1,882	1,440
Income Tax Expense	-58	127	321	349	422	302
Net Income	380	479	1,346	1,343	1,460	1,138
Net Income to Common	380	479	1,346	1,343	1,460	1,138
Net Income Growth	-64.08%	-64.41%	0.22%	-8.01%	28.29%	-
Shares Outstanding (Basic)	174	173	173	173	-	-
Shares Outstanding (Diluted)	175	174	173	173	-	-
Shares Change (YoY)	1.01%	0.58%	-	-	-	-
EPS (Basic)	2.19	2.77	7.79	7.78	-	-
EPS (Diluted)	2.18	2.76	7.79	7.78	-	-
EPS Growth	-64.23%	-64.57%	0.17%	-	-	-
Free Cash Flow	147	805	1,625	1,428	1,925	1,755
Free Cash Flow Per Share	0.84	4.63	9.41	8.27	-	-
Gross Margin	54.88%	55.88%	57.25%	57.75%	60.25%	59.26%
Operating Margin	10.05%	13.23%	20.59%	20.81%	22.95%	19.60%
Profit Margin	4.53%	5.80%	16.42%	16.52%	17.87%	15.63%
Free Cash Flow Margin	1.75%	9.75%	19.82%	17.57%	23.56%	24.10%
EBITDA	1,377	1,647	2,249	2,270	2,472	2,026
EBITDA Margin	16.42%	19.95%	27.44%	27.92%	30.25%	27.83%
D&A For EBITDA	534	555	561	578	597	599
EBIT	843	1,092	1,688	1,692	1,875	1,427
EBIT Margin	10.05%	13.23%	20.59%	20.81%	22.95%	19.60%
Effective Tax Rate	-	20.96%	19.26%	20.63%	22.42%	20.97%
Revenue as Reported	8,388	8,254	8,197	8,130	8,171	7,281

Source: S&P Global Market Intelligence. Standard template. Financial Sources.