Solstice Advanced Materials (SOLS) financial statements
Solstice Advanced Materials reported revenue of $3.9B in fiscal 2025, up 3.2% a year over 2 years.
Net income was $237M.
Free cash flow was $119M, and the company returned $1.5B in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Solstice Advanced Materials's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $3.6B | $3.8B | $3.9B |
| Cost of revenue | $2.4B | $2.5B | $2.6B |
| Gross profit | $1.3B | $1.3B | $1.2B |
| Research and development | $81M | $83M | $97M |
| Selling, general and admin | $378M | $392M | $421M |
| Interest expense | $16M | $13M | $28M |
| Pre-tax income | $814M | $797M | $647M |
| Income tax | $195M | $192M | $362M |
| Net income | $621M | $594M | $237M |
| EPS (diluted) | $3.91 | $3.74 | $1.49 |
| Diluted shares | 159M | 159M | 159M |
| Gross margin | 35.2% | 34.6% | 32.2% |
| Net margin | 17.0% | 15.8% | 6.1% |
Balance sheet
Fiscal years, from Solstice Advanced Materials's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | $606M | $661M | $534M |
| Receivables | — | $569M | $645M |
| Inventory | — | $558M | $715M |
| Total current assets | — | $1.9B | $2.4B |
| Property, plant and equipment | — | $1.7B | $2.1B |
| Goodwill | $814M | $806M | $820M |
| Total assets | — | $5.0B | $5.7B |
| Total current liabilities | — | $1.1B | $1.7B |
| Long-term debt | — | $0 | $2.0B |
| Total liabilities | — | $1.8B | $4.3B |
| Shareholders' equity | $3.0B | $3.3B | $1.4B |
| Net debt | -$606M | -$661M | $1.4B |
Cash flow
Fiscal years, from Solstice Advanced Materials's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $760M | $842M | $455M |
| Capital spending | $299M | $296M | $336M |
| Free cash flow | $461M | $546M | $119M |
| Stock-based compensation | $18M | $17M | $27M |
| Dividends paid | $0 | $0 | $1.5B |
| Net borrowing | $0 | $0 | $2.0B |
| Free cash flow margin | 12.6% | 14.5% | 3.1% |
| Dividends per share | — | — | $9.44 |
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Open SOLS in InvestinglyQuestions
What was Solstice Advanced Materials's revenue in 2025?
$3.9B in fiscal 2025, from its 10-K filing.
How much free cash flow does Solstice Advanced Materials generate?
$119M in fiscal 2025 (operating cash flow minus capital spending).
From Solstice Advanced Materials's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.