What is Solstice Advanced Materials Inc. 's work in process?

Solstice Advanced Materials Inc. (SOLS) reported work in process of $233M in Q1 2026.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Solstice Advanced Materials Inc. SOLS Work in process

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Other financials

Income statement

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Revenue$991.0M+10.5%

Gross profit$316.0M-1.3%

Net income$85.0M-36.6%

EPS (diluted)$0.53-37.6%

Balance sheet

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Cash & equivalents$642.0M-3.9%

Total debt$2.2B—

Total equity$1.5B-54.0%

Total assets$5.7B—

Cash flow

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Operating cash flow$199.0M+24.4%

CapEx$75.0M+21.0%

Free cash flow$124.0M+26.5%

Valuation

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Market cap$13.13B+83.6%

Enterprise value$14.72B—

P/E69.9×—

P/S3.3×—

Profitability

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Gross margin31.3%—

Net margin4.7%—

FCF margin12.6%—

Returns & leverage

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Return on equity8%—

Debt / equity1.5×—

Current ratio1.4×—

Where this comes from

Reported directly by Solstice Advanced Materials Inc. in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Solstice Advanced Materials Inc. ’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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What is Solstice Advanced Materials Inc. 's work in process?: Solstice Advanced Materials Inc. (SOLS) reported work in process of $233M in Q1 2026.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.