Solstice Advanced Materials Inc. income statement
In fiscal 2025, Solstice Advanced Materials Inc. reported revenue of $3.89bn, up 3.1% on the year before and net income of $237m, or $1.49 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 3,649 | 3,770 | 3,886 | 4,095 |
| Cost of revenue | 2,366 | 2,464 | 2,636 | 2,841 |
| Gross profit | 1,283 | 1,306 | 1,250 | 1,254 |
| Research and development | 81 | 83 | 97 | 106 |
| Selling, general and administrative | 378 | 392 | 421 | 456 |
| Interest expense | 16 | 13 | 28 | 77 |
| Income before tax | 814 | 797 | 647 | 571 |
| Income tax | 195 | 192 | 362 | 287 |
| Net income | 621 | 594 | 237 | 210 |
| Diluted EPS | $3.91 | $3.74 | $1.49 | — |
| Diluted shares (average) | 159m | 159m | 159m | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 907 | 913 | 897 | 1,033 | 969 | 987 | 991 | 1,148 |
| Cost of revenue | 575 | 608 | 577 | 671 | 659 | 729 | 675 | 778 |
| Gross profit | 332 | 305 | 320 | 362 | 310 | 258 | 316 | 370 |
| Research and development | 21 | 21 | 22 | 23 | 26 | 27 | 28 | 25 |
| Selling, general and administrative | 107 | 89 | 93 | 105 | 113 | 112 | 108 | 123 |
| Interest expense | 3 | 2 | 1 | 2 | 2 | 23 | 29 | 23 |
| Income before tax | 197 | 176 | 188 | 199 | 173 | 86 | 136 | 176 |
| Income tax | 49 | 42 | 47 | 101 | 182 | 32 | 31 | 42 |
| Net income | 152 | 133 | 134 | 97 | −35 | 41 | 85 | 119 |
| Diluted EPS | — | — | $0.85 | $0.61 | — | — | $0.53 | $0.75 |
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