SOLV
Solventum Corp Health Care Surgical & Medical Instruments & Apparatus S&P 500Russell 3000
$81.33Close
$14.1BMarket cap
$62.49 – $92.4452-week range
Nov 5, 2026Next report · after the close
Highlights
Cautions
- Trend not confirmed 6 of 8 conditions · under the 50-day, RS under 70
- Results soon Nov 5, 2026, in 4 days
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
12%
1wk
down 4.8%
price change
1mo
down 7.7%
price change
12-month return
up 17%
market up 11% ·
its own up 6%
F-score
5 / 9
Mixed
Altman Z
2.24
Moderate risk
P/E
9.1×
price / earnings
PEG
0.04
P/E / EPS growth
P/B
2.8×
price / book
Earnings yield
up 11.9%
EBIT / enterprise value
Cheaper than
58%
of the market · around average
Revenue growth
up 1%
year on year
EPS growth
up 3%
latest quarter · +94 pts
Sales growth
up 2%
latest quarter · +5 pts
ROE
up 39%
return on equity
Free cash margin
0%
-$10.0M FCF
D/E
1.00
long-term debt / equity
Net debt / EBITDA
1.6×
Interest cover
—EBIT / interest
Piotroski tests
- profits not fully backed by cash
- issued more shares
- gross margin narrowed
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profitability improving
- reduced long-term debt
- short-term liquidity improved
Repair signals
- Long-term debt down 36% ($7.8B → $5.0B)
Trade setup
ATR%
2.7%
$2.21 a day · 2×ATR $76.92
RS
54 / 99
vs the universe
Trend
6 / 8
under the 50-day, RS under 70
Relative volume
1.1×
vs 50-day average
Up/down volume
0.95
50 sessions
Implied move
8.1%
by Nov 20, 2026 · report Nov 5, 2026
Trend template · 6 of 8
- Price above the 50-day average: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Profit not backed by cash Reported profit of $1.6B came with $369.0M of operating cash flow. Profit that cash does not follow is the classic signature of aggressive accounting.
- Gross margin narrowing Gross margin fell from 55.6% to 53.5%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported
Aug 5, 2026
Results reaction
Aug 5, 2026-5% vs market2 sessions after results
Options
$28,39837.2% IV · activity
Financials
- Gross 53%
- Net 19%
- Free cash -0%
- Cash
- Long-term debt
| FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|
| Revenue | $8.1B | $8.2B | $8.3B | $8.3B |
| Gross margin | 58% | 57% | 56% | 53% |
| Operating income | $1.7B | $1.7B | $1.0B | $2.2B |
| Net income | $1.3B | $1.3B | $479.0M | $1.6B |
| Net margin | 17% | 16% | 6% | 19% |
| Earnings per share | $7.78 | $7.79 | $2.76 | $8.88 |
| Free cash flow | $1.4B | $1.6B | $805.0M | -$10.0M |
| Free cash margin | 18% | 20% | 10% | -0% |
| Cash | $61.0M | $194.0M | $762.0M | $878.0M |
| Long-term debt | — | $0 | $7.8B | $5.0B |
| Shareholders' equity | $11.7B | $11.7B | $3.0B | $5.0B |
| Shares outstanding | — | 0 | 172.79m | 173.49m |
Next report
Nov 5, 2026 · after the close
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±8.1%
$75 – $88 by Nov 20, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±5.5%
last 4: -5.7% · +5.3% · -1.2% · +5.7%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.5× the usual move
What options price now
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- Bigger 37.2% priced · 25.8% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs less
Positioning
- Premium traded
- $28,398 calls $18,175 · puts $10,222 · latest session
- 0.56× +0.56 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls +273 · puts +22 past week
For options traders: ATM IV 37.2% (+2.2% 1w) · 1m ÷ 3m IV 1.23 · 25Δ skew 2.0 pts · Net GEX $410,095
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 5, 2026 | Quarterly ↗ | Jun 30, 2026 | 36d |
| May 5, 2026 | Quarterly ↗ | Mar 31, 2026 | 35d |
| Feb 27, 2026 | Annual ↗ | Dec 31, 2025 | 58d |
| Nov 6, 2025 | Quarterly ↗ | Sep 30, 2025 | 37d |
| Aug 8, 2025 | Quarterly ↗ | Jun 30, 2025 | 39d |
| May 9, 2025 | Quarterly ↗ | Mar 31, 2025 | 39d |
| Feb 28, 2025 | Annual ↗ | Dec 31, 2024 | 59d |
| Nov 8, 2024 | Quarterly ↗ | Sep 30, 2024 | 39d |
| Aug 9, 2024 | Quarterly ↗ | Jun 30, 2024 | 40d |
| May 10, 2024 | Quarterly ↗ | Mar 31, 2024 | 40d |
Current reports
| Filed | Disclosed |
|---|---|
| Aug 5, 2026 | Results ↗ |
| Aug 5, 2026 | Regulation FD · Other events ↗ |
| Jul 20, 2026 | Director or officer change ↗ |
| Jun 5, 2026 | Other events ↗ |
| May 27, 2026 | Director or officer change ↗ |
| May 20, 2026 | Shareholder vote ↗ |
| May 5, 2026 | Results ↗ |
| Mar 24, 2026 | Director or officer change ↗ |
| Feb 26, 2026 | Results ↗ |
| Dec 16, 2025 | Regulation FD ↗ |
| Nov 6, 2025 | Results ↗ |
| Oct 21, 2025 | Director or officer change ↗ |