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	Sep '25 Sep 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	8,402	8,254	8,197	8,130	8,171	7,281
Revenue Growth (YoY)	2.28%	0.69%	0.82%	-0.50%	12.22%	-
Cost of Revenue	3,831	3,642	3,504	3,435	3,248	2,966
Gross Profit	4,571	4,612	4,693	4,695	4,923	4,315
Selling, General & Admin	3,083	2,752	2,247	2,236	2,282	2,169
Research & Development	751	768	758	767	766	719
Operating Expenses	3,834	3,520	3,005	3,003	3,048	2,888
Operating Income	737	1,092	1,688	1,692	1,875	1,427
Interest Expense	-403	-367	-	-	-	-
Other Non Operating Income (Expenses)	-11	-57	-21	-	7	1
EBT Excluding Unusual Items	323	668	1,667	1,692	1,882	1,428
Merger & Restructuring Charges	-90	-62	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	12
Pretax Income	1,669	606	1,667	1,692	1,882	1,440
Income Tax Expense	145	127	321	349	422	302
Net Income	1,524	479	1,346	1,343	1,460	1,138
Net Income to Common	1,524	479	1,346	1,343	1,460	1,138
Net Income Growth	111.67%	-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)	8.76	2.77	7.79	7.78	-	-
EPS (Diluted)	8.72	2.76	7.79	7.78	-	-
EPS Growth	110.21%	-64.57%	0.17%	-	-	-
Free Cash Flow	50	805	1,625	1,428	1,925	1,755
Free Cash Flow Per Share	0.29	4.63	9.41	8.27	-	-
Gross Margin	54.40%	55.88%	57.25%	57.75%	60.25%	59.26%
Operating Margin	8.77%	13.23%	20.59%	20.81%	22.95%	19.60%
Profit Margin	18.14%	5.80%	16.42%	16.52%	17.87%	15.63%
Free Cash Flow Margin	0.60%	9.75%	19.82%	17.57%	23.56%	24.10%
EBITDA	1,259	1,647	2,249	2,270	2,472	2,026
EBITDA Margin	14.99%	19.95%	27.44%	27.92%	30.25%	27.83%
D&A For EBITDA	522	555	561	578	597	599
EBIT	737	1,092	1,688	1,692	1,875	1,427
EBIT Margin	8.77%	13.23%	20.59%	20.81%	22.95%	19.60%
Effective Tax Rate	8.69%	20.96%	19.26%	20.63%	22.42%	20.97%
Revenue as Reported	8,402	8,254	8,197	8,130	8,171	7,281

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