Solstice Advanced Mat (SOLS) Financials

$79.31 -4.25 (-5.09%)

As of 10:58 AM Eastern

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

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	Q3 2025
Period end date	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	152	-35
Consolidated Net Income / (Loss)	148	-9.00
Net Income / (Loss) Continuing Operations	148	-9.00
Total Pre-Tax Income	197	173
Total Operating Income	201	139
Total Gross Profit	332	310
Total Revenue	907	969
Operating Revenue	907	969
Total Cost of Revenue	575	659
Operating Cost of Revenue	575	659
Total Operating Expenses	131	171
Selling, General & Admin Expense	107	113
Research & Development Expense	21	26
Other Special Charges / (Income)	3.00	32
Total Other Income / (Expense), net	-4.00	34
Interest Expense	3.00	2.00
Other Income / (Expense), net	-1.00	36
Income Tax Expense	49	182
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.00	26
Weighted Average Basic Shares Outstanding	-	158.73M
Weighted Average Diluted Shares Outstanding	-	158.73M
Weighted Average Basic & Diluted Shares Outstanding	-	158.73M

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

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	Q4 2025
Period end date	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	16	118
Net Cash From Operating Activities	275	166
Net Cash From Continuing Operating Activities	275	167
Net Income / (Loss) Continuing Operations	134	54
Consolidated Net Income / (Loss)	134	54
Depreciation Expense	49	40
Amortization Expense	7.00	14
Non-Cash Adjustments To Reconcile Net Income	-2.00	3.00
Changes in Operating Assets and Liabilities, net	87	56
Net Cash From Investing Activities	-94	-102
Net Cash From Continuing Investing Activities	-94	-103
Purchase of Property, Plant & Equipment	-95	-88
Other Investing Activities, net	1.00	1.00
Net Cash From Financing Activities	-128	93
Net Cash From Continuing Financing Activities	-128	93
Other Financing Activities, net	-128	-369
Effect of Exchange Rate Changes	-37	-38

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
Noncurrent Note & Lease Receivables	264	0.00
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
Other Equity Adjustments	3,471	0.00
Noncontrolling Interest	-76	-34

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
Period end date	9/30/2025
Total Assets	5,247
Total Current Assets	1,878
Cash & Equivalents	417
Accounts Receivable	635
Inventories, net	732
Other Current Assets	94
Plant, Property, & Equipment, net	1,947
Total Noncurrent Assets	1,422
Long-Term Investments	159
Noncurrent Note & Lease Receivables	274
Goodwill	820
Intangible Assets	39
Noncurrent Deferred & Refundable Income Taxes	2.00
Other Noncurrent Operating Assets	128
Total Liabilities & Shareholders' Equity	5,247
Total Liabilities	2,066
Total Current Liabilities	1,226
Accounts Payable	872
Accrued Expenses	341
Other Current Liabilities	13
Total Noncurrent Liabilities	840
Long-Term Debt	311
Noncurrent Deferred & Payable Income Tax Liabilities	174
Other Noncurrent Operating Liabilities	355
Commitments & Contingencies	0.00
Total Equity & Noncontrolling Interests	3,181
Total Preferred & Common Equity	3,228
Total Common Equity	3,228
Accumulated Other Comprehensive Income / (Loss)	-154
Other Equity Adjustments	3,382
Noncontrolling Interest	-47

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%

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

Metric	Q3 2024	Q3 2025
Period end date	9/30/2024	9/30/2025
DEI Shares Outstanding	0.00	0.00
DEI Adjusted Shares Outstanding	0.00	0.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00
Growth Metrics	-	-
Revenue Growth	0.00%	6.84%
EBITDA Growth	0.00%	-12.50%
EBIT Growth	0.00%	-12.50%
NOPAT Growth	0.00%	-104.79%
Net Income Growth	0.00%	-106.08%
EPS Growth	0.00%	0.00%
Operating Cash Flow Growth	0.00%	0.00%
Free Cash Flow Firm Growth	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%
Revenue Q/Q Growth	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%
Profitability Metrics	-	-
Gross Margin	36.60%	31.99%
EBITDA Margin	22.05%	18.06%
Operating Margin	22.16%	14.34%
EBIT Margin	22.05%	18.06%
Profit (Net Income) Margin	16.32%	-0.93%
Tax Burden Percent	75.13%	-5.20%
Interest Burden Percent	98.50%	98.86%
Effective Tax Rate	24.87%	105.20%
Return on Invested Capital (ROIC)	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%
Return on Equity (ROE)	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%
Return on Assets (ROA)	0.00%	0.00%
Return on Common Equity (ROCE)	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	151	-7.23
NOPAT Margin	16.65%	-0.75%
Net Nonoperating Expense Percent (NNEP)	0.00%	-1.33%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.21%
Cost of Revenue to Revenue	63.40%	68.01%
SG&A Expenses to Revenue	11.80%	11.66%
R&D to Revenue	2.32%	2.68%
Operating Expenses to Revenue	14.44%	17.65%
Earnings before Interest and Taxes (EBIT)	200	175
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	200	175
Valuation Ratios	-	-
Price to Book Value (P/BV)	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00
Price to Earnings (P/E)	0.00	0.00
Dividend Yield	0.00%	0.00%
Earnings Yield	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00
Leverage & Solvency	-	-
Debt to Equity	0.00	0.10
Long-Term Debt to Equity	0.00	0.10
Financial Leverage	0.00	-0.08
Leverage Ratio	0.00	1.65
Compound Leverage Factor	0.00	1.63
Debt to Total Capital	0.00%	8.91%
Short-Term Debt to Total Capital	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	8.91%
Preferred Equity to Total Capital	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-1.35%
Common Equity to Total Capital	0.00%	92.44%
Debt to EBITDA	0.00	0.00
Net Debt to EBITDA	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00
Debt to NOPAT	0.00	0.00
Net Debt to NOPAT	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00
Altman Z-Score	0.00	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%
Liquidity Ratios	-	-
Current Ratio	0.00	1.53
Quick Ratio	0.00	0.86
Cash Flow Metrics	-	-
Free Cash Flow to Firm (FCFF)	0.00	-2,923
Operating Cash Flow to CapEx	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-1,461.62
Operating Cash Flow to Interest Expense	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00
Efficiency Ratios	-	-
Asset Turnover	0.00	0.00
Accounts Receivable Turnover	0.00	0.00
Inventory Turnover	0.00	0.00
Fixed Asset Turnover	0.00	0.00
Accounts Payable Turnover	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00
Capital & Investment Metrics	-	-
Invested Capital	0.00	2,916
Invested Capital Turnover	0.00	0.00
Increase / (Decrease) in Invested Capital	0.00	2,916
Enterprise Value (EV)	0.00	0.00
Market Capitalization	0.00	0.00
Book Value per Share	$0.00	$20.34
Tangible Book Value per Share	$0.00	$14.93
Total Capital	0.00	3,492
Total Debt	0.00	311
Total Long-Term Debt	0.00	311
Net Debt	0.00	-265
Capital Expenditures (CapEx)	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	235
Debt-free Net Working Capital (DFNWC)	0.00	652
Net Working Capital (NWC)	0.00	652
Net Nonoperating Expense (NNE)	3.01	1.77
Net Nonoperating Obligations (NNO)	0.00	-265
Total Depreciation and Amortization (D&A)	0.00	0.00
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%
Debt-free Net Working Capital to Revenue	0.00%	0.00%
Net Working Capital to Revenue	0.00%	0.00%
Earnings Adjustments	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	0.00	158.73M
Adjusted Diluted Earnings per Share	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	158.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	158.73M
Normalized Net Operating Profit after Tax (NOPAT)	153	120
Normalized NOPAT Margin	16.90%	12.35%
Pre Tax Income Margin	21.72%	17.85%
Debt Service Ratios	-	-
EBIT to Interest Expense	66.67	87.50
NOPAT to Interest Expense	50.34	-3.62
EBIT Less CapEx to Interest Expense	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00
Payout Ratios	-	-
Dividend Payout Ratio	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%

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.

05/06/26 08:17 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Solstice Advanced Mat's Financials

When does Solstice Advanced Mat's financial year end?

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.

How has Solstice Advanced Mat's net income changed over the last 2 years?

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.

What is Solstice Advanced Mat's operating income?

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

How has Solstice Advanced Mat's revenue changed over the last 2 years?

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%.

How much debt does Solstice Advanced Mat have?

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.

How much cash does Solstice Advanced Mat have?

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.

How has Solstice Advanced Mat's book value per share changed over the last 2 years?

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%.

Related Companies

Financial statements for NASDAQ:SOLS last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Solstice Advanced Mat (SOLS) Financials

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Solstice Advanced Mat (SOLS) Financials

Annual Income Statements for Solstice Advanced Mat

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Quarterly Cash Flow Statements for Solstice Advanced Mat

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Quarterly Balance Sheets for Solstice Advanced Mat

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Quarterly Metrics And Ratios for Solstice Advanced Mat

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