Solstice Advanced Materials Inc.

Chemicals & Allied Products

SOLSSolid7 of 10 basics passed

$61.35

+1.86%

Market cap $9.75B

$61.35

+1.86%

Market cap $9.75B

Solstice Advanced Materials is a diversified specialty chemicals company created in late 2025 after being spun off from Honeywell. It sells chemicals and materials to a wide range of end markets.

It is a $9.75B materials company. Revenue grew 9.2% over the last year, it keeps 5¢ of every dollar of sales as profit, and its net debt equals ~7.4 years of free cash flow. It trades at 46.4× earnings — around the middle of its own history.

Website: solstice.com
Location: Morris Plains, NJ
Employees: 4 400
Sector: Basic Materials

Share price · 3 years

$0.0005 → $61.35+12269900.0%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $4.09B
Profit: keeps 5¢ of every $1 sold; $210M
Free cash flow: cash left after running the business; $195M
Net debt: debt minus cash on hand; $1.43B
P/E: years of profit in the price; 46.4
EPS: earnings per share, TTM; $1.32
Shares: shares outstanding; 158.9M
Volatility: beta vs the market — under 1 swings less; 0.18

Revenue, last 5 years

52-week range

Low $41.43$61.35High $88.60

Today's price is 42% of the way from the year's low to its high.

P/E vs its history9mo

46.4×median 48.3×

Higher than 39% of past days — around the middle of its own history.

Valuation vs own history

P/E

46.4×

61%

P/S

2.4×

71%

EV/EBITDA

18.7×

61%

P/B

6.1×

65%

FCF yield

2.0%

75%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Standing in Basic Materials

Size$9.75Btop 82%
Revenue growth+2143%top 1%
Net margin5%top 71%
Return on equity11%top 66%
P/E46.4×top 94%

Ranked against 51 Basic Materials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Profitability lags behind.

Valuation65

P/E vs own history39th pct · 20/25
FCF yield2.0% · 5/25
P/S2.4x · 20/25
EV/EBITDA15.0x · 20/25

Growth50

Revenue CAGR1108.3% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Y-38.2% · 0/25
Fwd implied growth118.5% · 25/25

Profitability49

ROIC8.3% · 12/25
ROE10.9% · 12/25
Net margin5.1% · 13/25
Operating margin13.9% · 12/25

Health67

Altman Z2.16 · 18/25
Current ratio1.46 · 12/25
Interest coverage1935.8x · 25/25
Net cash / debtD/A 25% · 12/25

Quality52

Piotroski F3/9 · 5/25
Beneish M-2.88 · 25/25
FCF conversion93% · 22/25
Margin stabilityσ 748.2% · 0/25

Moat58

ROIC >12% years3/4 yrs · 20/25
Median gross margin34.6% · 13/25
FCF-positive years4/4 yrs · 25/25
Worst-year net marginworst -2482.2% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

Jul 6, 2026Acquisition
Solstice Advanced Materials announced a definitive agreement to acquire Element Solutions in a…
Oct 30, 2025Milestone
Solstice Advanced Materials, Inc. is an American specialty materials company, based in Morris Plains, New Jersey
FY2022Financial
Turned profitable
$718M net income after a loss year
FY2022Financial
Revenue crossed $1B
$3.59B for the year
FY2022Financial
Best year on record
$718M net income

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$94 385 today — price return only

$3.9B revenue in FY2025

Revenue up 9.2% year over year

Profitable 4 years in a row

Positive free cash flow 4 years in a row

4 400 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Interest covered 1935.8× by operating earnings

Watch-outs

Net debt would take ~8.6 years of free cash flow to repay
Loss-making in 2 of the recent years
Net debt equals ~7.4 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 10 checks passed

Revenue growing — the company sells more than a year ago+9.2% YoY
Profitable — makes more than it spends$210M TTM
Profit growing — earnings are higher than last year-30.9% YoY
Generates cash — cash left after running and investing$195M TTM
Debt under control — could handle its obligations~7.4y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$9.75B market cap
Not printing shares — share count not ballooning — you keep your slice+0.0% shares over ~5y
Proven track record — years of profitability behind it4/6 profitable years
Financially stable — balance sheet not near distressAltman Z 2.2 — grey
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 46.4

Peer comparisonSolstice Advanced Materials Inc. vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
SOLS this company	$9.8B	46.4	+9.2%	5.1%	Solid
LIN Linde plc Ordinary Share	$223.2B	30.8	+6.6%	20.4%	Solid
SCCO Southern Copper Corporation	$176.8B	31.2	+32.8%	35.9%	Strong
NEM Newmont Corporation	$124.2B	14.4	+25.2%	33.4%	Strong
FCX Freeport-McMoran Inc.	$105.8B	35.9	+0.2%	11.4%	Strong
AEM Agnico Eagle Mines Ltd.	$95.8B	15.9	+43.7%	37.5%	Strong
B Barrick Mining Corporation	$67.5B	10.1	+9.2%	31.6%	Strong

Head-to-head: SOLS vs LIN · SOLS vs SCCO · SOLS vs NEM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 9Hold 2

Appendix · Financial records

The full statements behind this CV, FY2020–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $4.09B · net income $210M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$4.09B

YoY 9.2%

Net income (TTM)

$210M

Margin 5.1%

Gross margin

30.6%

Operating margin

13.9%

P/E ratio

46.4

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	—	0.0	3.6	3.6	3.8	3.9
Gross profit	—	-0.0	1.4	1.3	1.3	1.3
Operating income (EBIT)	—	-0.0	1.0	0.8	0.8	0.6
Net income	-0.0	-0.0	0.7	0.6	0.6	0.2
EPS (diluted)	—	—	—	3.91	3.74	1.49

Cash flowFree cash flow $195M · operating cash flow $606M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$195M

Margin 4.8%

Operating cash flow (TTM)

$606M

FCF margin

4.8%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	—	-0.0	0.8	0.8	0.8	0.5
Capital expenditure	—	—	-0.3	-0.3	-0.3	-0.3
Free cash flow	—	-0.0	0.5	0.5	0.5	0.1
FCF margin	—	-2038.7%	14.1%	12.6%	14.5%	3.1%

Balance sheetAssets $5.67B · net debt $1.43B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $5.67B of assets is financed

75%

25%

Liabilities $4.30B — borrowed moneyEquity $1.41B — owners' stake

Cash vs debt

Total debt $1.97B − cash $534M = net debt $1.43B

Cash on hand covers 27% of debt.

Altman Z-Score

2.16

Grey zone

Debt repayment

8.6 yrs

Years of free cash flow to clear net debt

Interest coverage

1935.8x

EBIT ÷ interest expense

ROE

10.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	—	0.0	—	0.6	0.7	0.5
Total assets	—	0.0	—	4.7	5.0	5.7
Total liabilities	0.0	0.0	—	1.6	1.8	4.3
Total debt	—	—	—	0.3	0.4	2.0
Equity	-0.0	0.0	—	3.0	3.2	1.4
Net debt	—	—	—	-0.4	-0.2	1.4

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of SOLS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $61.35 · market cap $9.75B.