Solventum (SOLV) Q3 FY2025 earnings: revenue $2.1 billion, up 0.7% on the year
Solventum Corp. (SOLV) reported revenue of $2.1 billion for Q3 FY2025, the quarter ended 30 September 2025, up 0.7% on the same quarter a year earlier. Net income was $1.3 billion, up 937.7% on the year, and diluted earnings per share $7.22. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2025.
Revenue
$2.1 billion
+0.7% on the year · -3.0% on the quarter
Q4 FY2023Q3 FY2025
Operating margin
80.6%
13.2% a year earlier
Q4 FY2023Q3 FY2025
Net income
$1.3 billion
+937.7% on the year · +1,306.7% on the quarter
Q4 FY2023Q3 FY2025
Diluted EPS
$7.22
+931.4% on the year · +1,315.7% on the quarter
Q4 FY2023Q3 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Revenue
2,096
2,161
2,082
-3.0%
+0.7%
Gross profit
1,135
1,175
1,165
-3.4%
-2.6%
Gross margin
54.2%
54.4%
56.0%
Research and development
183
189
189
-3.2%
-3.2%
Selling, general and administrative
780
772
701
+1.0%
+11.3%
Operating income
1,690
214
275
+689.7%
+514.5%
Operating margin
80.6%
9.9%
13.2%
Pre-tax income
1,514
103
167
+1,369.9%
+806.6%
Income tax
248
13.0
45.0
+1,807.7%
+451.1%
Effective tax rate
16.4%
12.6%
26.9%
Net income
1,266
90.0
122
+1,306.7%
+937.7%
Net margin
60.4%
4.2%
5.9%
Diluted EPS
$7.22
$0.51
$0.70
+1,315.7%
+931.4%
$ 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
$ million
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
76.0
169
169
-55.0%
-55.0%
Capital expenditure
97.0
110
93.0
-11.8%
+4.3%
Free cash flow
-21.0
59.0
76.0
Free cash flow margin
-1.0%
2.7%
3.7%
Cash from investing
3,766
-110
-93.0
Cash from financing
-2,693
-110
-202
Depreciation and amortisation
114
116
125
-1.7%
-8.8%
Share-based compensation
41.0
34.0
27.0
+20.6%
+51.9%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
175m
175m
174m
+0.1%
+0.9%
Shares outstanding at period end
173m
173m
173m
+0.0%
+0.4%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2025
Q2 FY2025
Q3 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
4,986
3,645
3,192
+36.8%
+56.2%
Debt
5,137
7,815
8,109
-34.3%
-36.7%
Other liabilities
3,850
3,614
3,444
+6.5%
+11.8%
Total liabilities and equity
13,973
15,074
14,745
-7.3%
-5.2%
Fixed assets
1,336
1,313
1,599
+1.8%
-16.4%
Goodwill
5,260
5,274
6,592
-0.3%
-20.2%
Intangible assets
2,223
2,302
2,651
-3.4%
-16.1%
Cash and equivalents
1,642
492
772
+233.7%
+112.7%
Receivables
1,019
1,065
1,105
-4.3%
-7.8%
Inventory
1,049
962
953
+9.0%
+10.1%
Other assets
1,444
3,666
1,073
-60.6%
+34.6%
Total assets
13,973
15,074
14,745
-7.3%
-5.2%
Questions
What was Solventum's revenue in Q3 FY2025?
Solventum (SOLV) reported revenue of $2.1 billion for Q3 FY2025, the quarter ended 30 September 2025, up 0.7% on the same quarter a year earlier.
How much did Solventum earn in Q3 FY2025?
Net income for Q3 FY2025 was $1.3 billion, up 937.7% on the year, and diluted earnings per share $7.22.
When did Solventum report Q3 FY2025 results?
Solventum filed its 10-Q for the quarter ended 30 September 2025 with the SEC on 6 November 2025.
Each quarter as filed, linked to its filing. Read more* 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 its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. 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.
10-Q for the period ended 30 September 2025, filed 6 November 2025: the filing.