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Solventum (SOLV) FY2022 results: revenue $8.1 billion

Solventum Corp. (SOLV) reported revenue of $8.1 billion for fiscal 2022, the year ended 31 December 2022. Net income was $1.3 billion, and diluted earnings per share $7.78. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.

Revenue
$8.1 billion
FY2022FY2022
Operating margin
20.8%
FY2022FY2022
Net income
$1.3 billion
FY2022FY2022
Diluted EPS
$7.78
FY2022FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2022Last 8 years
Revenue8,130
Gross profit4,695
Gross margin57.7%
Research and development767
Selling, general and administrative2,235
Operating income1,693
Operating margin20.8%
Pre-tax income1,692
Income tax349
Effective tax rate20.6%
Net income1,343
Net margin16.5%
Diluted EPS$7.78
$ million except per share.
Read moreFree 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

$ millionFY2022Last 8 years
Operating cash flow1,679
Capital expenditure251
Free cash flow1,428
Free cash flow margin17.6%
Cash from investing-253
Cash from financing-1,460
Depreciation and amortisation578
Share-based compensation37.0
Diluted shares, weighted173m

Balance sheet

$ millionFY2022Last 8 years
Shareholders' equity11,742
Goodwill6,434
Cash and equivalents61.0

10-K for the year ended 31 December 2022, filed 28 February 2025: the filing.