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R&D at other companies

Becton, Dickinson and Company logo
Becton, Dickinson and CompanyBDX
$249M+7.3%
Align Technology logo
Align TechnologyALGN
$98.66M+1.5%
Oracle logo
OracleORCL
$2.61B+7.3%
Baxter International logo
Baxter InternationalBAX
$139M-0.7%
Stryker logo
StrykerSYK
$413M+2.0%
Fortive logo
FortiveFTV
$66.5M+3.9%

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
Operating margin25.5%+15.8pp
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

Reported directly by Solventum in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?
Solventum (SOLV) reported R&D of $189M in Q1 2026.
How has Solventum's R&D changed year-over-year?
Solventum's R&D decreased by 2.1% year-over-year, from $193M to $189M.
What is the long-term trend for Solventum's R&D?
Over 3 years (2022 to 2025), Solventum's R&D has grown at a -1.2% compound annual growth rate (CAGR), from $767M to $740M.
What does R&D mean?
The money spent on innovation and developing new products or services.
How do you interpret R&D?
Higher spending signals a commitment to long-term growth and innovation, whereas significant cuts may suggest a focus on short-term profitability over future viability.
How does R&D compare across companies?
Highly comparable among healthcare and technology peers; usually expressed as a percentage of revenue.