PHG vs. SOLV: Koninklijke Philips vs. Solventum Stock Comparison

November 11, 2026

How do Koninklijke Philips (PHG) and Solventum (SOLV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Koninklijke Philips (PHG) and Solventum (SOLV) both belong to the Health Care Equipment & Supplies industry, though PHG is classified under Health Care Equipment while SOLV falls under Health Care Supplies.

Koninklijke Philips (PHG) carries decades of public-market history since March 17, 1980, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the PHG side.

Solventum (SOLV) trades as ordinary local shares, while Koninklijke Philips (PHG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Koninklijke Philips (PHG) and Solventum (SOLV)
Profile Item	PHG	SOLV
Name	Koninklijke Philips N.V. ADR	Solventum Corporation
Country/Region	Netherlands	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment	Health Care Supplies
Market Capitalization	29.67 billion USD	15.36 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	March 26, 2024
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

PHG

SOLV

GSPC

Koninklijke Philips (PHG) vs. Solventum (SOLV), with S&P 500 (GSPC) for reference: 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 Koninklijke Philips (PHG) and Solventum (SOLV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Koninklijke Philips (PHG) and Solventum (SOLV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
Total Return (1Y)	13.15%	25.89%
Total Return (3Y, Annualized)	18.95%	--
Total Return (5Y, Annualized)	-6.38%	--

Risk Profile

Drawdown History

PHG

SOLV

GSPC

Koninklijke Philips (PHG) vs. Solventum (SOLV), with S&P 500 (GSPC) for reference: 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 Koninklijke Philips (PHG) and Solventum (SOLV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
Volatility (1Y, Annualized)	29.55%	30.06%
Beta (5Y)	0.65	0.62
Max Drawdown (5Y)	-74.51%	-39.98%
Avg. Volume (3M)	1.08M	1.05M

Risk-Adjusted Performance

Risk-Return Positioning

PHG and SOLV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
Sharpe Ratio (1Y)	0.30	0.72
Sortino Ratio (1Y)	0.48	1.08

Profitability

ROE (TTM)

Both Koninklijke Philips (PHG) at 8.61% and Solventum (SOLV) at 3.19% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

PHG

Health Care Equipment & Services industry group

8.61%

Max: 47.61%
Q3: 14.36%
PHG: 8.61%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

SOLV

Health Care Equipment & Services industry group

3.19%

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Both Koninklijke Philips (PHG) at 5.39% and Solventum (SOLV) at 1.91% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

PHG

Health Care Equipment & Services industry group

5.39%

Max: 29.35%
Q3: 9.33%
PHG: 5.39%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

SOLV

Health Care Equipment & Services industry group

1.91%

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Koninklijke Philips (PHG) at 3.76% and Solventum (SOLV) at 6.82% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

PHG

Health Care Equipment & Services industry group

3.76%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
PHG: 3.76%
Q1: -0.28%
Min: -16.29%

SOLV

Health Care Equipment & Services industry group

6.82%

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
ROE (TTM)	8.61%	3.19%
ROA (TTM)	3.59%	2.29%
Net Margin (TTM)	5.39%	1.91%
Operating Margin (TTM)	3.76%	6.82%
Gross Margin (TTM)	46.43%	55.13%

Growth

Revenue Growth

Both Koninklijke Philips (PHG) at -1.04% and Solventum (SOLV) at 0.86% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Solventum (SOLV) reports EPS growth of 221.74%, ranked against its industry; Koninklijke Philips (PHG) has no EPS growth figure this period.

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
Revenue Growth (YoY)	-1.04%	0.86%
Revenue Growth (3Y CAGR)	0.01%	0.79%
EPS Growth (YoY)	--	221.74%
EPS Growth (3Y CAGR)	--	4.51%

Financial Strength

Current Ratio (MRQ)

Both Koninklijke Philips (PHG) at 1.33 and Solventum (SOLV) at 1.03 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

PHG

Health Care Equipment & Services industry group

1.33

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
PHG: 1.33
Min: 0.30

SOLV

Health Care Equipment & Services industry group

1.03

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Koninklijke Philips (PHG) at 0.70 carries an industry-typical debt-to-equity mix, while Solventum (SOLV) at 1.10 uses more debt funding than most peers.

PHG

Health Care Equipment & Services industry group

0.70

Max: 1.88
Q3: 0.91
PHG: 0.70
Median: 0.58
Q1: 0.16
Min: 0.00

SOLV

Health Care Equipment & Services industry group

1.10

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
Current Ratio (MRQ)	1.33	1.03
Debt / Equity (MRQ)	0.70	1.10
Net Debt / EBITDA	2.45	4.66

Dividends

Dividend Yield (TTM)

Neither Koninklijke Philips (PHG) nor Solventum (SOLV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

PHG

Health Care Equipment & Services industry group

0.00%

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

SOLV

Health Care Equipment & Services industry group

0.00%

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Koninklijke Philips (PHG) reports payout ratio above 100% at 211.79%, meaning dividends exceeded current-period earnings; Solventum (SOLV) pays no dividend (payout 0.00%).

PHG

Health Care Equipment & Services industry group

211.79%

PHG: 211.79%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SOLV

Health Care Equipment & Services industry group

0.00%

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	211.79%	0.00%

Valuation

P/E Ratio (TTM)

Both look expensive on trailing earnings: Koninklijke Philips (PHG) at 63.23 sits in the richer P/E ratio quartile, and Solventum (SOLV) at 101.55 is richer still, above its industry range.

PHG

Health Care Equipment & Services industry group

63.23

Max: 80.41
PHG: 63.23
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

SOLV

Health Care Equipment & Services industry group

101.55

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Koninklijke Philips (PHG) at 1.67 and Solventum (SOLV) at 1.88 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

PHG

Health Care Equipment & Services industry group

1.67

Max: 8.80
Q3: 4.32
Median: 2.13
PHG: 1.67
Q1: 1.10
Min: 0.03

SOLV

Health Care Equipment & Services industry group

1.88

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Koninklijke Philips (PHG) at 2.28 and Solventum (SOLV) at 3.20 are valued close to their industries’ norm against book — neither stands out from peers.

PHG

Health Care Equipment & Services industry group

2.28

Max: 11.68
Q3: 6.12
Median: 3.00
PHG: 2.28
Q1: 1.73
Min: -1.31

SOLV

Health Care Equipment & Services industry group

3.20

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

Koninklijke Philips (PHG) vs. Solventum (SOLV): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Koninklijke Philips (PHG) and Solventum (SOLV)
Metric	PHG	SOLV
P/E Ratio (TTM)	63.23	101.55
P/S Ratio (TTM)	1.67	1.88
P/B Ratio (MRQ)	2.28	3.20
Free Cash Flow Yield (TTM)	6.23%	1.31%