Solstice Advanced Materials (SOLS) Q4 FY2025 earnings: revenue $987 million

Solstice Advanced Materials Inc. (SOLS) reported revenue of $987 million for Q4 FY2025, the quarter ended 31 December 2025. Net income was $41 million, and diluted earnings per share $0.26. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2026.

Revenue$987 million

Net income$41 million

Diluted EPS$0.26

QuarterQ4 FY2025ended 31 December 2025

The quarter, against the one before and a year earlier

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Revenue	987	969	n/a	n/a
Cost of revenue	729	659	n/a	n/a
Gross profit	258	310	n/a	n/a
Gross margin	26.1%	32.0%	n/a
Research and development	26.0	26.0	n/a	n/a
Selling, general and administrative	110	113	n/a	n/a
Interest expense	23.0	2.0	n/a	n/a
Pre-tax income	87.0	173	n/a	n/a
Income tax	32.0	182	n/a	n/a
Effective tax rate	36.8%	105.2%	n/a
Net income	41.0	-35.0	n/a	n/a
Net margin	4.2%	-3.6%	n/a
Diluted EPS	$0.26	n/a	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Operating cash flow	166	-21.0	n/a	n/a
Capital expenditure	88.0	110	n/a	n/a
Free cash flow	78.0	-131	n/a	n/a
Free cash flow margin	7.9%	-13.5%	n/a
Cash from investing	-102	-110	n/a	n/a
Cash from financing	93.0	-316	n/a	n/a
Share-based compensation	7.0	8.0	n/a	n/a
Diluted shares, weighted	159m	n/a	n/a	n/a
Shares outstanding at period end	159m	159m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2025	Q3 FY2025	A year earlier	Change on the year
Shareholders' equity	1,411	3,228	n/a	n/a
Non-controlling interest	-34.0	-47.0	n/a	n/a
Debt	2,000	311	n/a	n/a
Operating lease liabilities	69.0	n/a	n/a	n/a
Finance lease liabilities	104	108	n/a	n/a
Other liabilities	2,123	1,647	n/a	n/a
Total liabilities and equity	5,673	5,247	n/a	n/a
Fixed assets	2,055	1,947	n/a	n/a
Goodwill	820	820	n/a	n/a
Intangible assets	49.0	39.0	n/a	n/a
Cash and equivalents	534	417	n/a	n/a
Receivables	645	635	n/a	n/a
Inventory	715	732	n/a	n/a
Other assets	855	657	n/a	n/a
Total assets	5,673	5,247	n/a	n/a

Quarterly results, the last 7 quarters

	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	907	897	1,033	969	987	991	1,148
Cost of revenue	575	577	671	659	729	675	778
Gross profit	332	320	362	310	258	316	370
Gross margin	37%	36%	35%	32%	26%	32%	32%
R&D	21.0	22.0	23.0	26.0	26.0	28.0	25.0
SG&A	107	93.0	105	113	110	108	123
Interest expense	3.0	1.0	2.0	2.0	23.0	29.0	23.0
Pre-tax income	197	188	199	173	87.0	136	176
Tax rate	25%	25%	51%	105%	37%	23%	24%
Net income	152	134	97.0	-35.0	41.0	85.0	119
Net margin	17%	15%	9%	-4%	4%	9%	10%
Diluted EPS	n/a	$0.85	$0.61	n/a	$0.26	$0.53	$0.75
Operating cash flow	n/a	160	150	-21.0	166	199	262
Capital expenditure	n/a	62.0	76.0	110	88.0	75.0	138
Free cash flow	n/a	98.0	74.0	-131	78.0	124	124
Dividends paid	n/a	0.0	0.0	n/a	n/a	12.0	12.0
Shares outstanding	159m	159m	159m	159m	159m	159m	159m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2025, filed 19 February 2026, accession 0002064953-26-000008: the filing on EDGAR. All of Solstice Advanced Materials Inc.'s filings: EDGAR company page.

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