Solventum (SOLV) Stock Analysis

November 11, 2026

This is a peer-relative look at Solventum (SOLV): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Solventum (SOLV)
Profile Item	SOLV
Name	Solventum Corporation
Country/Region	United States
GICS Sector	Health Care
GICS Industry Group	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Supplies
Market Capitalization	15.36 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 26, 2024
Security Type	Common Stock

Price Performance

Cumulative Growth

SOLV

GSPC

Solventum (SOLV) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Solventum (SOLV) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Solventum (SOLV) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
Total Return (1Y)	25.89%	21.53%
Total Return (3Y, Annualized)	--	9.81%
Total Return (5Y, Annualized)	--	-2.76%

Risk Profile

Drawdown History

SOLV

GSPC

Solventum (SOLV) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Solventum (SOLV) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
Volatility (1Y, Annualized)	30.06%	50.93%
Beta (5Y)	0.62	0.85
Max Drawdown (5Y)	-39.98%	-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. SOLV is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
Sharpe Ratio (1Y)	0.72	0.34
Sortino Ratio (1Y)	1.08	0.54

Profitability

ROE (TTM)

Solventum (SOLV) posts ROE of 3.19%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

SOLV

Health Care Equipment & Services industry group

3.19%

Group distribution

Max: 47.61%
Q3: 14.36%
Median: 5.45%
SOLV: 3.19%
Q1: -10.67%
Min: -47.01%

Largest peers

ISRG: 17.93%
SYK: 16.02%
UNH: 15.77%
MDT: 10.65%
ABT: 9.14%
SOLV: 3.19%
MCK: --

Where Solventum (SOLV) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Solventum (SOLV) keeps 1.91% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

SOLV

Health Care Equipment & Services industry group

1.91%

Group distribution

Max: 29.35%
Q3: 9.33%
Median: 2.18%
SOLV: 1.91%
Q1: -6.29%
Min: -28.46%

Largest peers

ISRG: 25.54%
MDT: 13.93%
SYK: 13.78%
ABT: 9.75%
UNH: 3.53%
SOLV: 1.91%
MCK: 1.12%

Where Solventum (SOLV) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Solventum (SOLV) turns 6.82% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

SOLV

Health Care Equipment & Services industry group

6.82%

Group distribution

Max: 35.43%
Q3: 14.14%
SOLV: 6.82%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Largest peers

ISRG: 33.29%
SYK: 22.96%
MDT: 19.33%
ABT: 11.66%
SOLV: 6.82%
UNH: 5.82%
MCK: 1.48%

Where Solventum (SOLV) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
ROE (TTM)	3.19%	5.45%
ROA (TTM)	2.29%	3.17%
Net Margin (TTM)	1.91%	2.18%
Operating Margin (TTM)	6.82%	6.81%
Gross Margin (TTM)	55.13%	55.21%

Growth

Revenue Growth

Solventum (SOLV) grew revenue 0.86%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

Solventum (SOLV): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Solventum (SOLV) grew earnings per share 221.74%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Solventum (SOLV): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
Revenue Growth (YoY)	0.86%	11.55%
Revenue Growth (3Y CAGR)	0.79%	10.83%
EPS Growth (YoY)	221.74%	4.88%
EPS Growth (3Y CAGR)	4.51%	14.59%

Financial Strength

Current Ratio (MRQ)

Solventum (SOLV) has current ratio of 1.03, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

SOLV

Health Care Equipment & Services industry group

1.03

Group distribution

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
SOLV: 1.03
Min: 0.30

Largest peers

ISRG: 3.33
SYK: 2.18
MDT: 2.07
ABT: 1.46
SOLV: 1.03
MCK: 0.90
UNH: 0.74

Where Solventum (SOLV) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Solventum (SOLV) has debt-to-equity ratio of 1.10, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

SOLV

Health Care Equipment & Services industry group

1.10

Group distribution

Max: 1.88
SOLV: 1.10
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

Largest peers

SOLV: 1.10
UNH: 0.70
SYK: 0.66
ABT: 0.61
MDT: 0.55
ISRG: --
MCK: --

Where Solventum (SOLV) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
Current Ratio (MRQ)	1.03	1.98
Debt / Equity (MRQ)	1.10	0.58
Net Debt / EBITDA	4.66	2.04

Dividends

Dividend Yield (TTM)

Solventum (SOLV) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

SOLV

Health Care Equipment & Services industry group

0.00%

Group distribution

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MDT: 2.72%
UNH: 2.29%
ABT: 2.22%
SYK: 1.05%
MCK: 0.32%
SOLV: 0.00%
ISRG: 0.00%

Where Solventum (SOLV) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Solventum (SOLV) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

SOLV

Health Care Equipment & Services industry group

0.00%

Group distribution

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

ABT: 92.54%
MDT: 70.02%
UNH: 51.71%
SYK: 37.49%
MCK: 8.77%
SOLV: 0.00%
ISRG: 0.00%

Where Solventum (SOLV) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Solventum (SOLV) trades at P/E ratio of 101.55, above the peer range for its industry. The market is paying unusually heavily for TTM earnings relative to comparable companies.

SOLV

Health Care Equipment & Services industry group

101.55

Group distribution

SOLV: 101.55
Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

Largest peers

SOLV: 101.55
ISRG: 54.75
ABT: 41.02
SYK: 34.70
MCK: 27.36
MDT: 25.01
UNH: 22.50

Where Solventum (SOLV) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Solventum (SOLV) trades at 1.88 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

SOLV

Health Care Equipment & Services industry group

1.88

Group distribution

Max: 8.80
Q3: 4.32
Median: 2.13
SOLV: 1.88
Q1: 1.10
Min: 0.03

Largest peers

ISRG: 13.82
SYK: 4.72
ABT: 3.95
MDT: 3.47
SOLV: 1.88
UNH: 0.78
MCK: 0.29

Where Solventum (SOLV) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Solventum (SOLV) trades at 3.20 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

SOLV

Health Care Equipment & Services industry group

3.20

Group distribution

Max: 11.68
Q3: 6.12
SOLV: 3.20
Median: 3.00
Q1: 1.73
Min: -1.31

Largest peers

ISRG: 9.82
SYK: 5.29
ABT: 3.73
UNH: 3.60
SOLV: 3.20
MDT: 2.59
MCK: -30.85

Where Solventum (SOLV) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Solventum (SOLV) metric values compared with Health Care Equipment & Services industry-group medians
Metric	Current stock: SOLV	Industry group median
P/E Ratio (TTM)	101.55	29.93
P/S Ratio (TTM)	1.88	2.13
P/B Ratio (MRQ)	3.20	3.00
Free Cash Flow Yield (TTM)	1.31%	3.50%