Financial Snapshot

Revenue
$8.215B
TTM
Gross Margin
56.4%
TTM
Net Earnings
$720.0M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
115.5%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$3.192B
Q3 2024
Cash
Q3 2024
P/E
16.86
Nov 29, 2024 EST
Free Cash Flow
$1.172B
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $8.197B $8.130B $8.171B
YoY Change 0.82% -0.5%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $8.197B $8.130B $8.171B
Cost Of Revenue $3.504B $3.435B $3.248B
Gross Profit $4.693B $4.695B $4.923B
Gross Profit Margin 57.25% 57.75% 60.25%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $2.243B $2.235B $2.278B
YoY Change 0.36% -1.89%
% of Gross Profit 47.79% 47.6% 46.27%
Research & Development $758.0M $767.0M $766.0M
YoY Change -1.17% 0.13%
% of Gross Profit 16.15% 16.34% 15.56%
Depreciation & Amortization $561.0M $578.0M $597.0M
YoY Change -2.94% -3.18%
% of Gross Profit 11.95% 12.31% 12.13%
Operating Expenses $3.001B $3.002B $3.044B
YoY Change -0.03% -1.38%
Operating Profit $1.692B $1.693B $1.879B
YoY Change -0.06% -9.9%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$25.00M -$1.000M $3.000M
YoY Change 2400.0% -133.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income $1.667B $1.692B $1.882B
YoY Change -1.48% -10.1%
Income Tax $321.0M $349.0M $422.0M
% Of Pretax Income 19.26% 20.63% 22.42%
Net Earnings $1.346B $1.343B $1.460B
YoY Change 0.22% -8.01%
Net Earnings / Revenue 16.42% 16.52% 17.87%
Basic Earnings Per Share
Diluted Earnings Per Share $7.80 $7.79 $8.47

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $194.0M $61.00M $91.00M
YoY Change 218.03% -32.97%
Cash & Equivalents $194.0M $61.00M $91.00M
Short-Term Investments
Other Short-Term Assets $155.0M $126.0M $108.0M
YoY Change 23.02% 16.67%
Inventory $857.0M $873.0M $813.0M
Prepaid Expenses
Receivables $1.313B $1.171B $1.177B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.519B $2.231B $2.189B
YoY Change 12.91% 1.92%
Property, Plant & Equipment $1.555B $1.413B $1.416B
YoY Change 10.05% -0.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $432.0M $264.0M $143.0M
YoY Change 63.64% 84.62%
Total Long-Term Assets $11.42B $11.36B $11.89B
YoY Change 0.54% -4.4%
Total Assets $13.94B $13.59B $14.08B
YoY Change
Accounts Payable $477.0M $348.0M $320.0M
YoY Change 37.07% 8.75%
Accrued Expenses $444.0M $260.0M $354.0M
YoY Change 70.77% -26.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.728B $1.311B $1.406B
YoY Change 31.81% -6.76%
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $318.0M $326.0M $392.0M
YoY Change -2.45% -16.84%
Total Long-Term Liabilities $318.0M $326.0M $392.0M
YoY Change -2.45% -16.84%
Total Liabilities $2.277B $1.852B $2.016B
YoY Change 22.95% -8.13%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $12.138 Billion

About Solventum Corp

Solventum Corp is a US-based company operating in Health Care Equipment & Supplies industry. The company is headquartered in St. Paul, Minnesota and currently employs 22,007 full-time employees. The company went IPO on 2024-03-26. Solventum Corp. is a global healthcare company. Its segments include Medical Surgical, Dental Solutions, Health Information Systems, and Purification and Filtration. Medical Surgical is a provider of solutions including advanced wound care, sterilization assurance, temperature management, surgical supplies, stethoscopes, and medical electrodes. Dental Solutions provides dental and orthodontic products include brackets, aligners, restorative cements, and bonding agents that span the life of the tooth, including products designed for preventative dental care, direct and indirect restoration, and broad orthodontic needs. Health Information Systems offers healthcare systems with software solutions, including computer-assisted physician documentation, direct-to-bill and coding automation, speech recognition, and data visualization platforms. Purification and Filtration is a provider of purification and filtration technologies including filters, purifiers, cartridges, and membranes.

Industry: Surgical & Medical Instruments & Apparatus Peers: ALIGN TECHNOLOGY INC COOPER COMPANIES, INC. QuidelOrtho Corp DENTSPLY SIRONA Inc. HAEMONETICS CORP Lantheus Holdings, Inc. MERIT MEDICAL SYSTEMS INC NEOGEN CORP