Solventum (SOLV) Q4 FY2025 earnings: revenue $2.0 billion, down 3.7% on the year
Solventum Corp. (SOLV) reported revenue of $2.0 billion for Q4 FY2025, the quarter ended 31 December 2025, down 3.7% on the same quarter a year earlier. Net income was $63 million, up 103.2% on the year, and diluted earnings per share $0.36. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2026.
Revenue
$2.0 billion
-3.7% on the year · -4.7% on the quarter
Q1 FY2024Q4 FY2025
Operating margin
6.3%
6.6% a year earlier
Q1 FY2024Q4 FY2025
Net income
$63 million
+103.2% on the year · -95.0% on the quarter
Q1 FY2024Q4 FY2025
Diluted EPS
$0.36
+111.8% on the year · -95.0% on the quarter
Q1 FY2024Q4 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 new.
Organic growth rose across all segments: Reported sales fell 3.7% to $2 billion and organic sales rose 3.5%. Management tied organic growth to positive performance from all segments, led by MedSurg's infection prevention business and Dental Solutions.
Debt paydown lifted adjusted EPS: Management said debt paydown after the Purification and Filtration sale was the main driver of higher adjusted EPS; quarterly adjusted diluted EPS was $1.57 against $1.41.
Dental Solutions grew fastest organically: Dental Solutions sales were $343 million, up 8.6% reported and 5.9% organic, the highest organic growth among the business segments shown.
$ million except per share. Read moreFourth 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
$ million
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
95.0
76.0
219
+25.0%
-56.6%
Capital expenditure
63.0
97.0
127
-35.1%
-50.4%
Free cash flow
32.0
-21.0
92.0
-65.2%
Free cash flow margin
1.6%
-1.0%
4.4%
Cash from investing
-745
3,766
-127
Cash from financing
-115
-2,693
-104
Depreciation and amortisation
117
114
150
+2.6%
-22.0%
Share-based compensation
37.0
41.0
25.0
-9.8%
+48.0%
Buybacks
n/a
0.0
n/a
Diluted shares, weighted
176m
175m
174m
+0.2%
+0.7%
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
Q4 FY2025
Q3 FY2025
Q4 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
5,049
4,986
2,959
+1.3%
+70.6%
Debt
5,035
5,137
8,010
-2.0%
-37.1%
Operating lease liabilities
142
n/a
86.0
+65.1%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
4,068
3,850
3,402
+5.7%
+19.6%
Total liabilities and equity
14,294
13,973
14,457
+2.3%
-1.1%
Fixed assets
1,326
1,336
1,622
-0.7%
-18.2%
Goodwill
5,704
5,260
6,377
+8.4%
-10.6%
Intangible assets
2,592
2,223
2,544
+16.6%
+1.9%
Cash and equivalents
878
1,642
762
-46.5%
+15.2%
Receivables
1,034
1,019
1,044
+1.5%
-1.0%
Inventory
1,066
1,049
965
+1.6%
+10.5%
Other assets
1,694
1,444
1,143
+17.3%
+48.2%
Total assets
14,294
13,973
14,457
+2.3%
-1.1%
Questions
What was Solventum's revenue in Q4 FY2025?
Solventum (SOLV) reported revenue of $2.0 billion for Q4 FY2025, the quarter ended 31 December 2025, down 3.7% on the same quarter a year earlier.
How much did Solventum earn in Q4 FY2025?
Net income for Q4 FY2025 was $63 million, up 103.2% on the year, and diluted earnings per share $0.36.
When did Solventum report Q4 FY2025 results?
Solventum filed its 10-K for the year that ended with the quarter on 27 February 2026; the fourth quarter is the year less the first three.
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-K for the period ended 31 December 2025, filed 27 February 2026: the filing.