Solventum Corporation (SOLV)

Solventum Income Statement

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

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

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q