Solstice Advanced Materials (SOLS)

Nasdaq Materials Specialty Chemicals S&P MidCap 400

$58.00

+2.96 (+5.38%)

Close of Nov 06, 2026 · end-of-day data

Source: Solstice Advanced Materials's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2023	FY2024	FY2025
Revenue	$3.65B	$3.77B	$3.89B
Cost of revenue	$2.37B	$2.46B	$2.64B
Gross profit	$1.28B	$1.31B	$1.25B
Research & development	$81.00M	$83.00M	$97.00M
Selling, general & admin	$378.00M	$392.00M	$421.00M
Interest expense	$16.00M	$13.00M	$28.00M
Pre-tax income	$814.00M	$797.00M	$647.00M
Income tax	$195.00M	$192.00M	$362.00M
Net income	$621.00M	$594.00M	$237.00M
EPS (basic)	$3.91	$3.74	$1.49
EPS (diluted)	$3.91	$3.74	$1.49
Diluted shares	158.70M	158.70M	158.90M
Gross margin	35.2%	34.6%	32.2%
Net margin	17.0%	15.8%	6.1%

Balance sheet

fiscal years · USD

Fiscal year	FY2023	FY2024	FY2025
Cash & equivalents	$606.00M	$661.00M	$534.00M
Receivables	—	$569.00M	$645.00M
Inventory	—	$558.00M	$715.00M
Total current assets	—	$1.86B	$2.39B
Goodwill	$814.00M	$806.00M	$820.00M
Total assets	—	$5.00B	$5.67B
Total current liabilities	—	$1.08B	$1.71B
Short-term debt	—	$0	$4.00M
Long-term debt	—	$0	$1.97B
Total debt	—	$0	$1.97B
Total liabilities	—	$1.82B	$4.30B
Shareholders' equity	$3.03B	$3.26B	$1.41B

Cash flow

fiscal years · USD

Fiscal year	FY2023	FY2024	FY2025
Operating cash flow	$760.00M	$842.00M	$455.00M
Capital expenditures	$299.00M	$296.00M	$336.00M
Free cash flow	$461.00M	$546.00M	$119.00M
Investing cash flow	-$324.00M	-$298.00M	-$330.00M
Financing cash flow	-$378.00M	-$453.00M	-$235.00M
Dividends paid	$0	$0	$1.50B
Stock-based compensation	$18.00M	$17.00M	$27.00M
Depreciation & amortization	$48.00M	$39.00M	$24.00M

Income statement

quarters · USD

Quarter ended	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$907.00M	$913.00M	$897.00M	$1.03B	$969.00M	$987.00M	$991.00M	$1.15B	$1.05B
Cost of revenue	$575.00M	$608.00M	$577.00M	$671.00M	$659.00M	$729.00M	$675.00M	$778.00M	$701.00M
Gross profit	$332.00M	$305.00M	$320.00M	$362.00M	$310.00M	$258.00M	$316.00M	$370.00M	$345.00M
Research & development	$21.00M	$21.00M	$22.00M	$23.00M	$26.00M	$27.00M	$28.00M	$25.00M	$30.00M
Selling, general & admin	$107.00M	$89.00M	$93.00M	$105.00M	$113.00M	$112.00M	$108.00M	$123.00M	$120.00M
Interest expense	$3.00M	$2.00M	$1.00M	$2.00M	$2.00M	$23.00M	$29.00M	$23.00M	$60.00M
Pre-tax income	$197.00M	$176.00M	$188.00M	$199.00M	$173.00M	$86.00M	$136.00M	$176.00M	$112.00M
Income tax	$49.00M	$42.00M	$47.00M	$101.00M	$182.00M	$32.00M	$31.00M	$42.00M	$24.00M
Net income	$152.00M	$133.00M	$134.00M	$97.00M	-$35.00M	$41.00M	$85.00M	$119.00M	$80.00M
EPS (basic)	—	—	$0.85	$0.61	$-0.22	$0.26	$0.53	$0.75	$0.50
EPS (diluted)	—	—	$0.85	$0.61	$-0.22	$0.26	$0.53	$0.75	$0.50
Diluted shares	—	—	158.70M	158.70M	158.70M	200.00K	159.30M	159.40M	159.00M
Gross margin	36.6%	33.4%	35.7%	35.0%	32.0%	26.1%	31.9%	32.2%	33.0%
Net margin	16.8%	14.6%	14.9%	9.4%	-3.6%	4.2%	8.6%	10.4%	7.6%

Balance sheet

quarters · USD

Quarter ended	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$645.00M	$661.00M	$668.00M	$873.00M	$417.00M	$534.00M	$642.00M	$750.00M	$714.00M
Receivables	—	$569.00M	—	—	$635.00M	$645.00M	$632.00M	$671.00M	$667.00M
Inventory	—	$558.00M	—	—	$732.00M	$715.00M	$704.00M	$666.00M	$664.00M
Total current assets	—	$1.86B	—	—	$1.88B	$2.39B	$2.44B	$2.57B	$2.68B
Goodwill	—	$806.00M	—	—	$820.00M	$820.00M	$819.00M	$817.00M	$818.00M
Total assets	—	$5.00B	—	—	$5.25B	$5.67B	$5.75B	$5.92B	$6.07B
Total current liabilities	—	$1.08B	—	—	$1.23B	$1.71B	$1.71B	$1.76B	$1.94B
Short-term debt	—	$0	—	—	—	$4.00M	$6.00M	$6.00M	$5.00M
Long-term debt	—	$0	—	—	—	$1.97B	$1.97B	$1.97B	$1.96B
Total debt	—	$0	—	—	—	$1.97B	$1.97B	$1.97B	$1.97B
Total liabilities	—	$1.82B	—	—	$2.07B	$4.30B	$4.28B	$4.33B	$4.50B
Shareholders' equity	$3.22B	$3.26B	$3.23B	$3.47B	$3.23B	$1.41B	$1.49B	$1.59B	$1.56B

Cash flow

quarters · USD

Quarter ended	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	—	$275.00M	$160.00M	$150.00M	-$21.00M	$166.00M	$199.00M	$262.00M	$232.00M
Capital expenditures	—	$95.00M	$62.00M	$76.00M	$110.00M	$88.00M	$75.00M	$138.00M	$112.00M
Free cash flow	—	$180.00M	$98.00M	$74.00M	-$131.00M	$78.00M	$124.00M	$124.00M	$120.00M
Investing cash flow	—	-$94.00M	-$39.00M	-$79.00M	-$110.00M	-$102.00M	-$77.00M	-$138.00M	-$113.00M
Financing cash flow	—	-$128.00M	-$118.00M	$106.00M	-$316.00M	$93.00M	-$15.00M	-$16.00M	-$152.00M
Dividends paid	—	—	$0	$0	$0	$1.50B	$12.00M	$12.00M	$12.00M
Stock-based compensation	$4.00M	$4.00M	$6.00M	$6.00M	$7.00M	$8.00M	$5.00M	$6.00M	$6.00M
Depreciation & amortization	$42.00M	$49.00M	$50.00M	$55.00M	$46.00M	$40.00M	$53.00M	$54.00M	$54.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.