TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

SOLV stock analysis: Solventum

Solventum (SOLV) is an S&P 500 company in Health Care Technology.

The model's view of SOLV · subscribers

Where SOLV ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

See plans
What's happening with SOLV · updated 2026-10-05 · from prices and SEC filings

SOLV price performance

SOLV against the S&P 500, one year
+0%+20%SOLV +22%S&P 500 +18%2025-09-292026-10-05
Year to date+11.1%S&P 500 +14.5% · behind by 3.4 pts
1 year+19.0%S&P 500 +17.0% · ahead by 1.9 pts

Total returns with dividends reinvested.

SOLV factor grades

Each grade compares SOLV with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 10.8x (sector 25.5x)FCF yield -0.8% (sector 4.8%)
C+GrowthRevenue growth -1% (sector +7%)EPS growth +276% (sector +12%)
B-ProfitabilityOperating margin 25.0% (sector 14.1%)ROIC 18.5% (sector 10.8%)
BMomentum12-month change +19%From 52-wk high -5%

SOLV in plain numbers

SOLV key statistics

SectorHealth Care
IndustryHealth Care Technology
IndexS&P 500
Market value$15.0B
Revenue growth (y/y)-1%
Free-cash-flow yield-0.8%
Dividend yieldn/a
Next earnings (expected)2026-11-05
Valuation measures
Market value$15.0B
Enterprise value$19.7B
P/E (trailing)10.8x
Forward P/E (Torvanta estimate)8.2x
PEG (Torvanta estimate)0.25
Price / sales1.8x
Price / book3.1x
EV / revenue2.4x
EV / EBITDA7.6x
Financial highlights
Revenue, last 12 months$8.3B
Net income, last 12 months$1.4B
EPS, last 12 months (GAAP)$8.17
Gross margin54.7%
Operating margin25.0%
Net margin17.3%
Return on equity34.0%
Return on invested capital18.5%
Cash$403.0M
Total debt$5.1B
Debt / equity1.06x
Free cash flow, last 12 months-$118.0M
Current ratio1.02x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

SOLV earnings trends

Revenue vs earnings
$0$552.2M$1.1B$1.7B$2.2BSep 2024 Revenue: $2.1BDec 2024 Revenue: $2.1BMar 2025 Revenue: $2.1BJun 2025 Revenue: $2.2BSep 2025 Revenue: $2.1BDec 2025 Revenue: $2.0BMar 2026 Revenue: $2.0BJun 2026 Revenue: $2.2BSep 2024 Net income: $122.0MDec 2024 Net income: $31.0MMar 2025 Net income: $137.0MJun 2025 Net income: $90.0MSep 2025 Net income: $1.3BDec 2025 Net income: $63.0MMar 2026 Net income: $13.0MJun 2026 Net income: $92.0MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 5.9%Net margin: 1.5%Net margin: 6.6%Net margin: 4.2%Net margin: 60.4%Net margin: 3.2%Net margin: 0.6%Net margin: 4.2%0%30%60%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.8$3.6$5.4$7.2Sep 2024 EPS (GAAP, diluted): $0.7Dec 2024 EPS (GAAP, diluted): $0.2Mar 2025 EPS (GAAP, diluted): $0.8Jun 2025 EPS (GAAP, diluted): $0.5Sep 2025 EPS (GAAP, diluted): $7.2Dec 2025 EPS (GAAP, diluted): $0.4Mar 2026 EPS (GAAP, diluted): $0.1Jun 2026 EPS (GAAP, diluted): $0.5Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +931% · Dec 2025 +94% · Mar 2026 -91% · Jun 2026 +4%

From the company's 10-Q and 10-K filings with the SEC.

Solventum financials (from SEC filings)

Fiscal yearFY2023FY2024FY2025
Revenue$8.2B$8.3B$8.3B
Net income$1.3B$479.0M$1.6B
EPS (GAAP)$7.79$2.76$8.86
Free cash flow$1.6B$805.0M-$10.0M

SOLV earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$0.53+4%+2%-5.3%
2026-05-05$0.07-91%-3%+3.1%
2026-02-26$0.35+94%-4%-0.1%
2025-11-06$7.22+931%+1%+6.6%
2025-08-07$0.510%+4%+0.4%
2025-05-08$0.78-43%+3%+6.7%

About Solventum

HeadquartersEagan, MN
Industry (SEC code)Surgical & Medical Instruments & Apparatus
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
Formerly3M Health Care Co

From the company's SEC registration record.

Companies similar to SOLV

CompanyMarket valueP/ERevenue growthOperating margin12-month change
SOLV Solventum$15.0B10.8x-1%25.0%+19%
CRL Charles River$14.8Bn/a-1%2.3%+75%compare
ZBH Zimmer Biomet$17.5B22.2x+9%14.2%-8%compare
RVTY Revvity$17.6B75.3x+4%12.3%+68%compare
BAX Baxter$12.5Bn/a+5%-2.4%+2%
DVA DaVita$11.4B14.7x+6%15.2%+36%
TECH Bio-Techne$11.4B63.1x-0%20.7%+16%

All Health Care stock ratings

Frequently asked questions

Is SOLV stock a buy?

Torvanta does not tell individuals what to buy. Its grades for SOLV are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is SOLV's P/E ratio?

SOLV trades at about 10.8 times its last 12 months of GAAP earnings reported to the SEC, and about 8.2 times Torvanta's own estimate of the next 12 months.

When does SOLV report earnings next?

Based on its filing history, Torvanta expects Solventum to report around 2026-11-05.

How has SOLV performed against the S&P 500?

Over the past year SOLV returned +19.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

See plans Or get the free weekly newsletter

Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

All stock ratings · Stock lists · AI stock research · Model portfolio · Research · Disclaimer