Solventum Corporation (SOLV)

Solventum Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,215	8,197	8,130	8,171	7,281
Revenue Growth (YoY)	0.60%	0.82%	-0.50%	12.22%	-
Cost of Revenue	3,583	3,504	3,435	3,248	2,966
Gross Profit	4,632	4,693	4,695	4,923	4,315
Selling, General & Admin	2,570	2,247	2,238	2,282	2,169
Research & Development	766	758	767	766	719
Operating Expenses	3,336	3,005	3,005	3,048	2,888
Operating Income	1,296	1,688	1,690	1,875	1,427
Other Non Operating Income (Expenses)	-53	-21	2	7	1
EBT Excluding Unusual Items	983	1,667	1,692	1,882	1,428
Gain (Loss) on Sale of Investments	-	-	-	-	12
Pretax Income	983	1,667	1,692	1,882	1,440
Income Tax Expense	263	321	349	422	302
Net Income	720	1,346	1,343	1,460	1,138
Net Income to Common	720	1,346	1,343	1,460	1,138
Net Income Growth	-47.86%	0.22%	-8.01%	28.30%	-
Free Cash Flow	1,172	1,625	1,428	1,925	1,755
Gross Margin	56.38%	57.25%	57.75%	60.25%	59.26%
Operating Margin	15.78%	20.59%	20.79%	22.95%	19.60%
Profit Margin	8.76%	16.42%	16.52%	17.87%	15.63%
Free Cash Flow Margin	14.27%	19.82%	17.56%	23.56%	24.10%
EBITDA	1,840	2,249	2,268	2,472	2,026
EBITDA Margin	22.40%	27.44%	27.90%	30.25%	27.83%
D&A For EBITDA	544	561	578	597	599
EBIT	1,296	1,688	1,690	1,875	1,427
EBIT Margin	15.78%	20.59%	20.79%	22.95%	19.60%
Effective Tax Rate	26.75%	19.26%	20.63%	22.42%	20.97%
Revenue as Reported	8,215	8,197	8,130	8,171	7,281

Source: S&P Capital IQ. Standard template. Financial Sources.