Solventum income statement
In fiscal 2025, Solventum reported revenue of $8.32bn, up 0.9% on the year before, operating income of $2.18bn (a 26.2% margin) and net income of $1.56bn, or $8.88 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 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|
| Revenue | 8,130 | 8,197 | 8,254 | 8,325 | 8,310 |
| Gross profit | 4,695 | 4,693 | 4,593 | 4,451 | 4,545 |
| Research and development | 767 | 758 | 775 | 739 | 725 |
| Selling, general and administrative | 2,235 | 2,299 | 2,782 | 3,080 | 3,293 |
| Operating income | 1,693 | 1,692 | 1,036 | 2,181 | 2,076 |
| Income before tax | 1,692 | 1,667 | 605 | 1,713 | 1,696 |
| Income tax | 349 | 321 | 127 | 157 | 261 |
| Net income | 1,343 | 1,346 | 479 | 1,556 | 1,434 |
| Diluted EPS | $7.78 | $7.79 | $2.76 | $8.88 | $8.19 |
| Diluted shares (average) | 173m | 173m | 174m | 175m | 175m |
| EBITDA | 2,271 | 2,253 | 1,591 | 2,670 | 2,401 |
| 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 | 2,082 | 2,075 | 2,070 | 2,161 | 2,096 | 1,998 | 2,007 | 2,209 |
| Gross profit | 1,165 | 1,119 | 1,114 | 1,175 | 1,135 | 1,027 | 1,097 | 1,286 |
| Research and development | 189 | 199 | 193 | 189 | 183 | 175 | 189 | 178 |
| Selling, general and administrative | 701 | 784 | 769 | 772 | 780 | 759 | 827 | 927 |
| Operating income | 275 | 136 | 152 | 214 | 1,690 | 124 | 81 | 181 |
| Income before tax | 167 | 13 | 38 | 103 | 1,514 | 58 | 16 | 108 |
| Income tax | 45 | −17 | −99 | 13 | 248 | −5 | 3 | 15 |
| Net income | 122 | 31 | 137 | 90 | 1,266 | 63 | 13 | 92 |
| Diluted EPS | $0.70 | $0.18 | $0.78 | $0.51 | $7.22 | $0.35 | $0.07 | $0.53 |
| EBITDA | 312 | 286 | 281 | 252 | 1,727 | 241 | 216 | 217 |
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