Solventum vs Veeva Systems
Solventum is the larger business, with $8.32bn of revenue in fiscal 2025 against $3.20bn for Veeva Systems (2.6 times as much). Veeva Systems grew faster (16.3% against 0.9%). Veeva Systems kept more of each dollar of sales as profit: a net margin of 28.4% against 18.7%.
| Latest fiscal year | SolventumSOLV, 2025 | Veeva SystemsVEEV, 2026 |
|---|---|---|
| Revenue | $8.32bn | $3.20bn |
| Revenue growth | 0.9% | 16.3% |
| Net income | $1.56bn | $909m |
| Operating margin | 26.2% | 28.7% |
| Net margin | 18.7% | 28.4% |
| Return on equity | 38.9% | 13.9% |
| Free cash flow | −$10.0m | $1.42bn |
| Cash | $878m | $1.42bn |
| Total debt | $5.08bn | — |
| Debt to equity | 100.7% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $170m |
| Employees | 22,000 | 7,928 |
| Market value | $14.40bn | $49.27bn |
| Price vs our value range | — | Within our value range |
| Moat score | — | 79 (Strong) |
| Insider trades, 12 months | 1 buys, 0 sales | 0 buys, 16 sales |