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Solventum SOLV Acquisitions

Acquisitions at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
-$22M
3M logo
3MMMM
$0
Cardinal Health logo
Cardinal HealthCAH
$42M-98.5%
UnitedHealth Group logo
UnitedHealth GroupUNH
$0-100%
DENTSPLY SIRONA logo
DENTSPLY SIRONAXRAY
$0
Align Technology logo
Align TechnologyALGN
$18.96M

Other financials

Income statement

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Revenue$2.2B+2.2%
Gross profit$1.3B+9.4%
Operating income$181.0M-15.4%
Net income$92.0M+2.2%
EPS (diluted)$0.53+3.9%

Balance sheet

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Cash & equivalents$403.0M-18.1%
Total debt$5.8B-25.9%
Total equity$4.8B+31.7%
Total assets$14.2B-5.5%

Cash flow

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Operating cash flow$227.0M+34.3%
CapEx$83.0M-24.5%
Free cash flow-$273.0M-241%

Valuation

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Market cap$15.15B+20.6%
Enterprise value$20.54B+3.3%
P/E10.6×-22.5×
P/S1.8×+0.3×

Profitability

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Gross margin54.7%+0.2pp
Operating margin25%+15.7pp
Net margin17.3%+12.7pp
FCF margin4.6%-13.9pp

Returns & leverage

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Return on equity34%+22.3pp
Debt / equity1.2×-0.9×
Current ratio-0.2×

Where this comes from

Reported directly by Solventum in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Solventum’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 1:40 PM EST
Fiscal year
FY2025
Accession
0001964738-26-000007
(Millions)Year ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Net cash provided by operating activities3691,1851,915
Cash Flows from Investing Activities
Purchases of property, plant and equipment(379)(380)(290)
Acquisitions, net of cash acquired(696)
Proceeds from sale of business3,89060
Other — net(18)
Net cash provided by (used in) investing activities2,797(380)(230)
Cash Flows from Financing Activities

Item 8. Financial Statements and Supplementary Data

FAQ

What is Solventum's acquisitions?
Solventum (SOLV) reported acquisitions of $174M in Q4 2025.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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