In spring 2024, 3M spun out its legacy healthcare segment as a stand-alone firm, Solventum. At that time, the firm comprised four segments.
It is a $15.0B healthcare company. Revenue shrank 0.9% over the last year, it keeps 17¢ of every dollar of sales as profit, and it carries $4.16B of net debt. It trades at 10.4× earnings — around the middle of its own history.
- Website
- solventum.com
- Location
- Eagan, MN
- Employees
- 20 000
- Sector
- Healthcare
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability; Growth, Health and Quality lag behind.
Valuation70
- P/E vs own history34th pct · 20/25
- FCF yield-0.8% · 0/25
- P/S1.8x · 25/25
- EV/EBITDA7.9x · 25/25
Growth18
- Revenue CAGR0.5% · 6/25
- Net income CAGR1.6% · 6/25
- EPS CAGR ~5Y4.5% · 6/25
- Fwd implied growth-15.1% · 0/25
Profitability85
- ROIC16.9% · 20/25
- ROE29.0% · 25/25
- Net margin17.3% · 20/25
- Operating margin23.9% · 20/25
Health42
- Altman Zn/a · 0/25
- Current ratio1.02 · 12/25
- Interest coverage6.1x · 18/25
- Net cash / debtD/A 29% · 12/25
Quality41
- Piotroski F6/9 · 15/25
- Beneish M-1.73 · 6/25
- FCF conversion-8% · 0/25
- Margin stabilityσ 7.0% · 20/25
Moat61
- ROIC >12% years1/5 yrs · 0/25
- Median gross margin57.3% · 25/25
- FCF-positive years4/5 yrs · 18/25
- Worst-year net marginworst 5.8% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$1.56B net income
- Feb 25, 2025AcquisitionIt was announced that Thermo Fisher Scientific would acquire the company's Purification &…
- Apr 1, 2024MilestoneSolventum Corporation is an American health care company that was spun off from 3M on April 1, 2024
- FY2023FinancialBecame debt-freecash now exceeds total debt
- Nov 16, 2023Product3M unveiled that the new company would be called Solventum, a portmanteau of the words…
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $1B$8.17B in first reported year
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (54.8%)
- Interest covered 6.1× by operating earnings
- High returns on invested capital (ROIC 16.9%)
Watch-outs
- Revenue shrinking 0.9% year over year
- Negative free cash flow (-$118.0M)
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago-0.9% YoY
- Profitable — makes more than it spends$1.43B TTM
- Profit growing — earnings are higher than last year+4.5% YoY
- Generates cash — cash left after running and investing-$118M TTM
- Debt under control — could handle its obligationscurrent ratio 1.02
- Established company — not a micro-cap — lower blow-up risk$15.0B market cap
- Not printing shares — share count not ballooning — you keep your slice+1.5% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distresshealth score 30/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 10.4
Peer comparisonSolventum Corporation vs 6 largest healthcare peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SOLV this company | $15.0B | 10.4 | -0.9% | 17.3% | Strained |
| LLY Eli Lilly & Co. | $1.0T | 41.6 | +49.6% | 33.5% | Solid |
| JNJ Johnson & Johnson | $630.9B | 29.9 | +8.1% | 21.5% | Mixed |
| ABBV Abbvie Inc. | $488.5B | 77.4 | +10.4% | 9.8% | Mixed |
| MRK Merck & Co., Inc. | $361.0B | 113.2 | +4.6% | 4.8% | Mixed |
| UNH UNITEDHEALTH GROUP INCORPORATED (Delaware) | $340.7B | 24.1 | +6.5% | 3.1% | Mixed |
| NVS Novartis AG | $273.2B | 20.3 | +9.6% | 24.7% | Solid |
Head-to-head: SOLV vs LLY · SOLV vs JNJ · SOLV vs ABBV
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SOLV
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SOLV on PreMarketPriceFigures 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 $87.88 · market cap $15.0B.