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Solstice Advanced Mat (SOLS) Financials

Solstice Advanced Mat logo
$83.90 +2.14 (+2.62%)
As of 03:04 PM Eastern
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Annual Income Statements for Solstice Advanced Mat

Annual Income Statements for Solstice Advanced Mat

This table shows Solstice Advanced Mat's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 621 594 237
Consolidated Net Income / (Loss)		 619 605 285
Net Income / (Loss) Continuing Operations		 619 605 285
Total Pre-Tax Income 		814 797 647
Total Operating Income		 823 805 615
Total Gross Profit		 1,283 1,306 1,250
Total Revenue		 3,649 3,770 3,886
Operating Revenue		 3,649 3,770 3,886
Total Cost of Revenue		 2,366 2,464 2,636
Operating Cost of Revenue		 2,366 2,464 2,636
Total Operating Expenses		 460 501 635
Selling, General & Admin Expense		 378 392 421
Research & Development Expense		 81 83 97
Other Special Charges / (Income)		 1.00 26 117
Total Other Income / (Expense), net		 -9.00 -8.00 32
Interest Expense		 16 13 28
Other Income / (Expense), net		 7.00 5.00 60
Income Tax Expense		 195 192 362
Net Income / (Loss) Attributable to Noncontrolling Interest		 -2.00 11 48
Basic Earnings per Share		 $3.91 $3.74 $1.49
Weighted Average Basic Shares Outstanding		 158.70M 158.70M 158.70M
Diluted Earnings per Share		 $3.91 $3.74 $1.49
Weighted Average Diluted Shares Outstanding		 158.70M 158.70M 158.90M
Weighted Average Basic & Diluted Shares Outstanding		 - - 158.75M

Quarterly Income Statements for Solstice Advanced Mat

This table shows Solstice Advanced Mat's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q1 2025 Q3 2025 Q1 2026
Period end date 9/30/2024 3/31/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 152 134 -35 85
Consolidated Net Income / (Loss)		 148 140 -9.00 105
Net Income / (Loss) Continuing Operations		 148 141 -9.00 105
Total Pre-Tax Income 		197 188 173 136
Total Operating Income		 201 177 139 157
Total Gross Profit		 332 320 310 316
Total Revenue		 907 897 969 991
Operating Revenue		 907 897 969 991
Total Cost of Revenue		 575 577 659 675
Operating Cost of Revenue		 575 577 659 675
Total Operating Expenses		 131 143 171 159
Selling, General & Admin Expense		 107 93 113 108
Research & Development Expense		 21 22 26 28
Other Special Charges / (Income)		 3.00 28 32 23
Total Other Income / (Expense), net		 -4.00 10 34 -22
Interest Expense		 3.00 1.00 2.00 29
Other Income / (Expense), net		 -1.00 11 36 7.00
Income Tax Expense		 49 47 182 31
Net Income / (Loss) Attributable to Noncontrolling Interest		 -4.00 6.00 26 20
Basic Earnings per Share		 - $0.85 - $0.53
Weighted Average Basic Shares Outstanding		 - 158.70M 158.73M 158.80M
Diluted Earnings per Share		 - $0.85 - $0.53
Weighted Average Diluted Shares Outstanding		 - 158.70M 158.73M 159.30M
Weighted Average Basic & Diluted Shares Outstanding		 - - 158.73M 158.80M
Cash Dividends to Common per Share		 - - - $0.08

Annual Cash Flow Statements for Solstice Advanced Mat

This table details how cash moves in and out of Solstice Advanced Mat's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 57 55 -126
Net Cash From Operating Activities		 760 842 455
Net Cash From Continuing Operating Activities		 760 842 456
Net Income / (Loss) Continuing Operations		 619 605 285
Consolidated Net Income / (Loss)		 619 605 285
Depreciation Expense		 170 175 191
Amortization Expense		 51 42 29
Non-Cash Adjustments To Reconcile Net Income		 -8.00 -2.00 -7.00
Changes in Operating Assets and Liabilities, net		 -72 22 -42
Net Cash From Investing Activities		 -324 -298 -330
Net Cash From Continuing Investing Activities		 -324 -298 -331
Purchase of Property, Plant & Equipment		 -299 -296 -336
Acquisitions		 0.00 0.00 -16
Sale of Property, Plant & Equipment		 11 0.00 23
Other Investing Activities, net		 -36 -2.00 -2.00
Net Cash From Financing Activities		 -378 -453 -235
Net Cash From Continuing Financing Activities		 -378 -453 -235
Repayment of Debt		 0.00 0.00 -38
Payment of Dividends		 0.00 0.00 -1,500
Issuance of Debt		 0.00 0.00 2,000
Other Financing Activities, net		 -378 -453 -697
Effect of Exchange Rate Changes		 -1.00 -36 -15
Cash Interest Paid		 17 10 4.00
Cash Income Taxes Paid		 24 22 50

Quarterly Cash Flow Statements for Solstice Advanced Mat

This table details how cash moves in and out of Solstice Advanced Mat's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q1 2025 Q4 2025 Q1 2026
Period end date 12/31/2024 3/31/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 16 8.00 118 108
Net Cash From Operating Activities		 275 160 166 199
Net Cash From Continuing Operating Activities		 275 160 167 201
Net Income / (Loss) Continuing Operations		 134 140 54 105
Consolidated Net Income / (Loss)		 134 140 54 105
Depreciation Expense		 49 50 40 53
Amortization Expense		 7.00 7.00 14 6.00
Non-Cash Adjustments To Reconcile Net Income		 -2.00 -16 3.00 1.00
Changes in Operating Assets and Liabilities, net		 87 -21 56 36
Net Cash From Investing Activities		 -94 -39 -102 -77
Net Cash From Continuing Investing Activities		 -94 -39 -103 -76
Purchase of Property, Plant & Equipment		 -95 -62 -88 -76
Sale of Property, Plant & Equipment		 - 23 - 0.00
Net Cash From Financing Activities		 -128 -118 93 -15
Net Cash From Continuing Financing Activities		 -128 -118 93 -15
Payment of Dividends		 - 0.00 - -12
Other Financing Activities, net		 -128 -118 -369 -3.00
Effect of Exchange Rate Changes		 -37 5.00 -38 1.00

Annual Balance Sheets for Solstice Advanced Mat

This table presents Solstice Advanced Mat's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets		 5,004 5,673
Total Current Assets		 1,861 2,388
Cash & Equivalents		 661 534
Note & Lease Receivable		 0.00 300
Accounts Receivable		 569 645
Inventories, net		 558 715
Other Current Assets		 73 193
Plant, Property, & Equipment, net		 1,746 2,055
Total Noncurrent Assets		 1,396 1,229
Long-Term Investments		 146 162
Goodwill		 806 820
Intangible Assets		 35 49
Noncurrent Deferred & Refundable Income Taxes		 3.00 6.00
Other Noncurrent Operating Assets		 142 192
Total Liabilities & Shareholders' Equity		 5,004 5,673
Total Liabilities		 1,822 4,296
Total Current Liabilities		 1,083 1,713
Short-Term Debt		 0.00 4.00
Accounts Payable		 778 909
Accrued Expenses		 283 467
Other Current Liabilities		 22 334
Total Noncurrent Liabilities		 739 2,583
Long-Term Debt		 0.00 1,968
Noncurrent Deferred & Payable Income Tax Liabilities		 179 233
Other Noncurrent Operating Liabilities		 560 382
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 3,182 1,377
Total Preferred & Common Equity		 3,258 1,411
Total Common Equity		 3,258 1,411
Common Stock		 0.00 1,497
Retained Earnings		 0.00 41
Accumulated Other Comprehensive Income / (Loss)		 -213 -127
Noncontrolling Interest		 -76 -34

Quarterly Balance Sheets for Solstice Advanced Mat

This table presents Solstice Advanced Mat's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2025 Q1 2026
Period end date 9/30/2025 3/31/2026
Total Assets		 5,247 5,748
Total Current Assets		 1,878 2,436
Cash & Equivalents		 417 642
Note & Lease Receivable		 - 311
Accounts Receivable		 635 632
Inventories, net		 732 704
Other Current Assets		 94 146
Plant, Property, & Equipment, net		 1,947 2,084
Total Noncurrent Assets		 1,422 1,229
Long-Term Investments		 159 168
Goodwill		 820 819
Intangible Assets		 39 48
Noncurrent Deferred & Refundable Income Taxes		 2.00 6.00
Other Noncurrent Operating Assets		 128 188
Total Liabilities & Shareholders' Equity		 5,247 5,748
Total Liabilities		 2,066 4,275
Total Current Liabilities		 1,226 1,705
Short-Term Debt		 - 6.00
Accounts Payable		 872 910
Accrued Expenses		 341 444
Other Current Liabilities		 13 345
Total Noncurrent Liabilities		 840 2,572
Long-Term Debt		 311 1,965
Noncurrent Deferred & Payable Income Tax Liabilities		 174 237
Other Noncurrent Operating Liabilities		 355 370
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 3,181 1,473
Total Preferred & Common Equity		 3,228 1,486
Total Common Equity		 3,228 1,487
Common Stock		 - 1,502
Retained Earnings		 - 113
Accumulated Other Comprehensive Income / (Loss)		 -154 -128
Noncontrolling Interest		 -47 -14

Annual Metrics And Ratios for Solstice Advanced Mat

This table displays calculated financial ratios and metrics derived from Solstice Advanced Mat's official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - -
Revenue Growth		 0.00% 3.32% 3.08%
EBITDA Growth		 0.00% -2.28% -12.85%
EBIT Growth		 0.00% -2.41% -16.67%
NOPAT Growth		 0.00% -2.36% -55.67%
Net Income Growth		 0.00% -2.26% -52.89%
EPS Growth		 0.00% -4.35% -60.16%
Operating Cash Flow Growth		 0.00% 10.79% -45.96%
Free Cash Flow Firm Growth		 0.00% 0.00% 99.71%
Invested Capital Growth		 0.00% 0.00% 11.63%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -19.33%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00%
Profitability Metrics		 - - -
Gross Margin		 35.16% 34.64% 32.17%
EBITDA Margin		 28.80% 27.24% 23.03%
Operating Margin		 22.55% 21.35% 15.83%
EBIT Margin		 22.75% 21.49% 17.37%
Profit (Net Income) Margin		 16.96% 16.05% 7.33%
Tax Burden Percent		 76.04% 75.91% 44.05%
Interest Burden Percent		 98.07% 98.40% 95.85%
Effective Tax Rate		 23.96% 24.09% 55.95%
Return on Invested Capital (ROIC)		 0.00% 51.48% 10.78%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 52.98% 16.85%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -13.45% 1.72%
Return on Equity (ROE)		 0.00% 38.03% 12.50%
Cash Return on Invested Capital (CROIC)		 0.00% -148.52% -0.20%
Operating Return on Assets (OROA)		 0.00% 16.19% 12.64%
Return on Assets (ROA)		 0.00% 12.09% 5.34%
Return on Common Equity (ROCE)		 0.00% 38.93% 12.80%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 626 611 271
NOPAT Margin		 17.15% 16.21% 6.97%
Net Nonoperating Expense Percent (NNEP)		 0.00% -1.50% -6.06%
Return On Investment Capital (ROIC_SIMPLE)		 - 19.20% 8.09%
Cost of Revenue to Revenue		 64.84% 65.36% 67.83%
SG&A Expenses to Revenue		 10.36% 10.40% 10.83%
R&D to Revenue		 2.22% 2.20% 2.50%
Operating Expenses to Revenue		 12.61% 13.29% 16.34%
Earnings before Interest and Taxes (EBIT)		 830 810 675
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,051 1,027 895
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.00 0.00 5.47
Price to Tangible Book Value (P/TBV)		 0.00 0.00 14.24
Price to Revenue (P/Rev)		 0.00 0.00 1.99
Price to Earnings (P/E)		 0.00 0.00 32.57
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 3.07%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 3.38
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 2.31
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 10.01
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 13.28
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 33.08
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 19.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.00 1.43
Long-Term Debt to Equity		 0.00 0.00 1.43
Financial Leverage		 0.00 -0.25 0.10
Leverage Ratio		 0.00 1.57 2.34
Compound Leverage Factor		 0.00 1.55 2.24
Debt to Total Capital		 0.00% 0.00% 58.88%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.12%
Long-Term Debt to Total Capital		 0.00% 0.00% 58.76%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% -2.39% -1.02%
Common Equity to Total Capital		 0.00% 102.39% 42.13%
Debt to EBITDA		 0.00 0.00 2.20
Net Debt to EBITDA		 0.00 0.00 1.43
Long-Term Debt to EBITDA		 0.00 0.00 2.20
Debt to NOPAT		 0.00 0.00 7.28
Net Debt to NOPAT		 0.00 0.00 4.71
Long-Term Debt to NOPAT		 0.00 0.00 7.26
Altman Z-Score		 0.00 0.00 2.31
Noncontrolling Interest Sharing Ratio		 0.00% -2.39% -2.41%
Liquidity Ratios		 - - -
Current Ratio		 0.00 1.72 1.39
Quick Ratio		 0.00 1.14 0.86
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -1,763 -5.10
Operating Cash Flow to CapEx		 263.89% 284.46% 145.37%
Free Cash Flow to Firm to Interest Expense		 0.00 -135.61 -0.18
Operating Cash Flow to Interest Expense		 47.50 64.77 16.25
Operating Cash Flow Less CapEx to Interest Expense		 29.50 42.00 5.07
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.75 0.73
Accounts Receivable Turnover		 0.00 6.63 6.40
Inventory Turnover		 0.00 4.42 4.14
Fixed Asset Turnover		 0.00 2.16 2.04
Accounts Payable Turnover		 0.00 3.17 3.13
Days Sales Outstanding (DSO)		 0.00 55.09 57.01
Days Inventory Outstanding (DIO)		 0.00 82.66 88.13
Days Payable Outstanding (DPO)		 0.00 115.25 116.80
Cash Conversion Cycle (CCC)		 0.00 22.50 28.35
Capital & Investment Metrics		 - - -
Invested Capital		 0.00 2,374 2,650
Invested Capital Turnover		 0.00 3.18 1.55
Increase / (Decrease) in Invested Capital		 0.00 2,374 276
Enterprise Value (EV)		 0.00 0.00 8,961
Market Capitalization		 0.00 0.00 7,719
Book Value per Share		 $0.00 $20.53 $8.89
Tangible Book Value per Share		 $0.00 $15.23 $3.41
Total Capital		 0.00 3,182 3,349
Total Debt		 0.00 0.00 1,972
Total Long-Term Debt		 0.00 0.00 1,968
Net Debt		 0.00 -807 1,276
Capital Expenditures (CapEx)		 288 296 313
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 117 145
Debt-free Net Working Capital (DFNWC)		 0.00 778 679
Net Working Capital (NWC)		 0.00 778 675
Net Nonoperating Expense (NNE)		 6.84 6.07 -14
Net Nonoperating Obligations (NNO)		 0.00 -808 1,273
Total Depreciation and Amortization (D&A)		 221 217 220
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 3.10% 3.73%
Debt-free Net Working Capital to Revenue		 0.00% 20.64% 17.47%
Net Working Capital to Revenue		 0.00% 20.64% 17.37%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.49
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 158.70M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.49
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 158.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 158.75M
Normalized Net Operating Profit after Tax (NOPAT)		 627 631 512
Normalized NOPAT Margin		 17.17% 16.73% 13.19%
Pre Tax Income Margin		 22.31% 21.14% 16.65%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 51.88 62.31 24.11
NOPAT to Interest Expense		 39.12 47.01 9.68
EBIT Less CapEx to Interest Expense		 33.88 39.54 12.93
NOPAT Less CapEx to Interest Expense		 21.12 24.24 -1.50
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 526.32%
Augmented Payout Ratio		 0.00% 0.00% 526.32%

Quarterly Metrics And Ratios for Solstice Advanced Mat

This table displays calculated financial ratios and metrics derived from Solstice Advanced Mat's official financial filings.

Metric Q3 2024 Q1 2025 Q3 2025 Q1 2026
Period end date 9/30/2024 3/31/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 0.00 0.00 0.00 158,747,545.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00 158,747,545.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00 0.54
Growth Metrics		 - - - -
Revenue Growth		 0.00% 0.00% 6.84% 10.48%
EBITDA Growth		 0.00% 0.00% -12.50% -8.98%
EBIT Growth		 0.00% 0.00% -12.50% -12.77%
NOPAT Growth		 0.00% 0.00% -104.79% -8.69%
Net Income Growth		 0.00% 0.00% -106.08% -25.00%
EPS Growth		 0.00% 0.00% 0.00% -37.65%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 24.38%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% -41.82% 0.00% 19.88%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
Gross Margin		 36.60% 35.67% 31.99% 31.89%
EBITDA Margin		 22.05% 27.31% 18.06% 22.50%
Operating Margin		 22.16% 19.73% 14.34% 15.84%
EBIT Margin		 22.05% 20.96% 18.06% 16.55%
Profit (Net Income) Margin		 16.32% 15.61% -0.93% 10.60%
Tax Burden Percent		 75.13% 74.47% -5.20% 77.21%
Interest Burden Percent		 98.50% 100.00% 98.86% 82.93%
Effective Tax Rate		 24.87% 25.00% 105.20% 22.79%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 36.99%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 34.19%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 26.90%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 63.90%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 11.46%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 7.34%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 64.50%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 151 133 -7.23 121
NOPAT Margin		 16.65% 14.80% -0.75% 12.23%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% -1.33% 2.80%
Return On Investment Capital (ROIC_SIMPLE)		 - - -0.21% 3.52%
Cost of Revenue to Revenue		 63.40% 64.33% 68.01% 68.11%
SG&A Expenses to Revenue		 11.80% 10.37% 11.66% 10.90%
R&D to Revenue		 2.32% 2.45% 2.68% 2.83%
Operating Expenses to Revenue		 14.44% 15.94% 17.65% 16.04%
Earnings before Interest and Taxes (EBIT)		 200 188 175 164
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 200 245 175 223
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 8.16
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 19.57
Price to Revenue (P/Rev)		 0.00 0.00 0.00 3.05
Price to Earnings (P/E)		 0.00 0.00 0.00 64.53
Dividend Yield		 0.00% 0.00% 0.00% 0.10%
Earnings Yield		 0.00% 0.00% 0.00% 1.55%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 5.05
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 3.34
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 15.21
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 20.40
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 53.33
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 26.88
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 0.10 1.34
Long-Term Debt to Equity		 0.00 0.00 0.10 1.33
Financial Leverage		 0.00 0.00 -0.08 0.79
Leverage Ratio		 0.00 0.00 1.65 3.90
Compound Leverage Factor		 0.00 0.00 1.63 3.24
Debt to Total Capital		 0.00% 0.00% 8.91% 57.23%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.17%
Long-Term Debt to Total Capital		 0.00% 0.00% 8.91% 57.06%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% -1.35% -0.41%
Common Equity to Total Capital		 0.00% 0.00% 92.44% 43.18%
Debt to EBITDA		 0.00 0.00 0.00 2.26
Net Debt to EBITDA		 0.00 0.00 0.00 1.33
Long-Term Debt to EBITDA		 0.00 0.00 0.00 2.25
Debt to NOPAT		 0.00 0.00 0.00 7.92
Net Debt to NOPAT		 0.00 0.00 0.00 4.66
Long-Term Debt to NOPAT		 0.00 0.00 0.00 7.89
Altman Z-Score		 0.00 0.00 0.00 2.67
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% -0.95%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 0.00 1.53 1.43
Quick Ratio		 0.00 0.00 0.86 0.93
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -2,923 -2,511
Operating Cash Flow to CapEx		 0.00% 410.26% 0.00% 261.84%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -1,461.62 -86.58
Operating Cash Flow to Interest Expense		 0.00 160.00 0.00 6.86
Operating Cash Flow Less CapEx to Interest Expense		 0.00 121.00 0.00 4.24
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.00 0.00 0.69
Accounts Receivable Turnover		 0.00 0.00 0.00 6.30
Inventory Turnover		 0.00 0.00 0.00 3.88
Fixed Asset Turnover		 0.00 0.00 0.00 1.91
Accounts Payable Turnover		 0.00 0.00 0.00 3.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 57.96
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 93.99
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 121.49
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 30.46
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 0.00 2,916 2,632
Invested Capital Turnover		 0.00 0.00 0.00 3.02
Increase / (Decrease) in Invested Capital		 0.00 0.00 2,916 2,632
Enterprise Value (EV)		 0.00 0.00 0.00 13,279
Market Capitalization		 0.00 0.00 0.00 12,132
Book Value per Share		 $0.00 $0.00 $20.34 $9.37
Tangible Book Value per Share		 $0.00 $0.00 $14.93 $3.91
Total Capital		 0.00 0.00 3,492 3,444
Total Debt		 0.00 0.00 311 1,971
Total Long-Term Debt		 0.00 0.00 311 1,965
Net Debt		 0.00 0.00 -265 1,161
Capital Expenditures (CapEx)		 0.00 39 0.00 76
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 235 95
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 652 737
Net Working Capital (NWC)		 0.00 0.00 652 731
Net Nonoperating Expense (NNE)		 3.01 -7.25 1.77 16
Net Nonoperating Obligations (NNO)		 0.00 0.00 -265 1,159
Total Depreciation and Amortization (D&A)		 0.00 57 0.00 59
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 2.39%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 18.52%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 18.37%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.53
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 158.73M 158.80M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.53
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 158.73M 159.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 158.73M 158.80M
Normalized Net Operating Profit after Tax (NOPAT)		 153 154 120 139
Normalized NOPAT Margin		 16.90% 17.14% 12.35% 14.02%
Pre Tax Income Margin		 21.72% 20.96% 17.85% 13.72%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 66.67 188.00 87.50 5.66
NOPAT to Interest Expense		 50.34 132.75 -3.62 4.18
EBIT Less CapEx to Interest Expense		 0.00 149.00 0.00 3.03
NOPAT Less CapEx to Interest Expense		 0.00 93.75 0.00 1.56
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 604.80%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 604.80%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, data-driven snapshot of Solstice Advanced Materials Inc. (SOLS) using the latest available quarterly data across the last four years. This summary focuses on the Q4 2025 cash flow statement, the Q3 2025 balance sheet and income statement, and compares against Q4 2024 and Q3 2024 results to identify notable trends for retail investors.

  • Revenue growth: Operating Revenue reached 969,000,000 in Q3 2025, up from 907,000,000 in Q3 2024, representing approximately 6.8% year-over-year top-line growth.
  • Q4 2025 net income (consolidated) positive at 54,000,000, signaling quarterly profitability in the latest period.
  • Operating cash flow in Q4 2025: Net cash from continuing operating activities was 167,000,000, indicating positive cash generation from core operations.
  • Capex discipline: PPE purchases in Q4 2025 were 88,000,000, lower than Q4 2024 (95,000,000), helping preserve cash.
  • Tax expense in Q3 2025 appears unusually high relative to pre-tax income (182,000,000 tax on 173,000,000 pre-tax), contributing to a quarterly net loss from continuing operations and suggesting potential one-time or deferred tax effects.
  • Asset-heavy balance sheet: Goodwill (820,000,000) and intangible assets (39,000,000) indicate a large intangible asset base, which could pose impairment risk if market conditions deteriorate.
  • Gross margin compression: Gross profit of 310,000,000 on 969,000,000 revenue yields a margin of about 32%, down from roughly 36%+ in the prior year period, signaling margin pressure.
  • Net income attributable to common shareholders in Q3 2025 was negative (-35,000,000) despite positive pre-tax income, highlighting profitability volatility.
  • Investing cash outflows: Net cash from continuing investing activities in Q4 2025 was -103,000,000, reflecting ongoing capital deployment.
  • Large other financing outflows: Other financing activities, net were -369,000,000 in Q4 2025, indicating substantial financing-related cash outflows during the quarter.
05/26/26 12:35 PM ETAI Generated. May Contain Errors.

Solstice Advanced Mat Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Solstice Advanced Mat's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Solstice Advanced Mat's net income appears to be on a downward trend, with a most recent value of $285 million in 2025, falling from $619 million in 2023. The previous period was $605 million in 2024. Check out Solstice Advanced Mat's forecast to explore projected trends and price targets.

Solstice Advanced Mat's total operating income in 2025 was $615 million, based on the following breakdown:
  • Total Gross Profit: $1.25 billion
  • Total Operating Expenses: $635 million

Over the last 2 years, Solstice Advanced Mat's total revenue changed from $3.65 billion in 2023 to $3.89 billion in 2025, a change of 6.5%.

Solstice Advanced Mat's total liabilities were at $4.30 billion at the end of 2025, a 135.8% increase from 2024, and a 135.8% increase since 2024.

In the past 1 years, Solstice Advanced Mat's cash and equivalents has ranged from $534 million in 2025 to $661 million in 2024, and is currently $534 million as of their latest financial filing in 2025.

Over the last 2 years, Solstice Advanced Mat's book value per share changed from 0.00 in 2023 to 8.89 in 2025, a change of 889.0%.


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Financial statements for NASDAQ:SOLS last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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