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Solventum SOLV Operating margin

Operating margin at other companies

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Becton, Dickinson and CompanyBDX
10.4%+0.1pp
3M logo
3MMMM
19.1%-1.0pp
Cardinal Health logo
Cardinal HealthCAH
0.9%-0.1pp
UnitedHealth Group logo
UnitedHealth GroupUNH
4.2%-4.0pp
Align Technology logo
Align TechnologyALGN
13.6%-1.1pp
Oracle logo
OracleORCL
30.6%-0.4pp

Other financials

Income statement

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Revenue$2.0B-3.0%
Gross profit$1.1B-1.5%
Operating income$81.0M-46.7%
Net income$13.0M-90.5%
EPS (diluted)$0.07-91.0%

Balance sheet

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Cash & equivalents$561.0M+5.1%
Total debt$5.8B-26.8%
Total equity$5.0B+52.3%
Total assets$14.1B-3.0%

Cash flow

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Operating cash flow-$189.0M-752%
CapEx$84.0M-22.9%
Free cash flow-$273.0M-241%

Valuation

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Market cap$13.06B-13.9%
Enterprise value$18.29B-19.4%
P/E9.1×-30.9×
P/S1.6×-0.2×

Profitability

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Gross margin53.7%-0.9pp
Net margin17.3%+12.8pp
FCF margin4.6%-13.9pp

Returns & leverage

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Return on equity34.8%+24.1pp
Debt / equity1.2×-1.3×
Current ratio1.1×-0.1×

Where this comes from

Calculated from Solventum’s reported figures.

Based on trailing twelve months.

The official record: Solventum’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Solventum's operating margin?
Solventum (SOLV) reported operating margin of 25.5% in Q1 2026.
How has Solventum's operating margin changed year-over-year?
Solventum's operating margin increased by 162.8% year-over-year, from 9.7% to 25.5%.
What is the long-term trend for Solventum's operating margin?
Over 3 years (2022 to 2025), Solventum's operating margin has grown at a 7.9% compound annual growth rate (CAGR), from 20.8% to 26.2%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.