SOLV vs. UNH: Solventum vs. UnitedHealth Stock Comparison

November 11, 2026

How do Solventum (SOLV) and UnitedHealth (UNH) 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

Solventum (SOLV) and UnitedHealth (UNH) both fall under the Health Care Equipment & Services industry group, but SOLV is classified in Health Care Equipment & Supplies while UNH is classified in Health Care Providers & Services.

UnitedHealth (UNH) carries decades of public-market history since October 17, 1984, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the UNH side.

Company profile comparison for Solventum (SOLV) and UnitedHealth (UNH)
Profile Item	SOLV	UNH
Name	Solventum Corporation	UnitedHealth Group Inc.
Country/Region	United States	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 Providers & Services
GICS Sub-Industry	Health Care Supplies	Managed Health Care
Market Capitalization	15.36 billion USD	353.17 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 26, 2024	October 17, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

SOLV

UNH

GSPC

Solventum (SOLV) vs. UnitedHealth (UNH), 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 Solventum (SOLV) and UnitedHealth (UNH). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
Total Return (1Y)	25.89%	26.08%
Total Return (3Y, Annualized)	--	-7.69%
Total Return (5Y, Annualized)	--	-1.26%

Risk Profile

Drawdown History

SOLV

UNH

GSPC

Solventum (SOLV) vs. UnitedHealth (UNH), 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 Solventum (SOLV) and UnitedHealth (UNH). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
Volatility (1Y, Annualized)	30.06%	34.76%
Beta (5Y)	0.62	0.52
Max Drawdown (5Y)	-39.98%	-61.39%
Avg. Volume (3M)	1.05M	5.13M

Risk-Adjusted Performance

Risk-Return Positioning

SOLV and UNH 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 Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
Sharpe Ratio (1Y)	0.72	0.63
Sortino Ratio (1Y)	1.08	0.86

Profitability

ROE (TTM)

UnitedHealth (UNH) at 15.77% sits in the top ROE quartile, while Solventum (SOLV) at 3.19% is closer to the peer norm — stronger capital efficiency for UNH.

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%

UNH

Health Care Equipment & Services industry group

15.77%

Max: 47.61%
UNH: 15.77%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

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

Net Margin (TTM)

Both Solventum (SOLV) at 1.91% and UnitedHealth (UNH) at 3.53% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

UNH

Health Care Equipment & Services industry group

3.53%

Max: 29.35%
Q3: 9.33%
UNH: 3.53%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

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

Operating Margin (TTM)

Both Solventum (SOLV) at 6.82% and UnitedHealth (UNH) at 5.82% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

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%

UNH

Health Care Equipment & Services industry group

5.82%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
UNH: 5.82%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
ROE (TTM)	3.19%	15.77%
ROA (TTM)	2.29%	5.24%
Net Margin (TTM)	1.91%	3.53%
Operating Margin (TTM)	6.82%	5.82%
Gross Margin (TTM)	55.13%	20.05%

Growth

Revenue Growth

UnitedHealth (UNH) at 11.81% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Solventum (SOLV) vs. UnitedHealth (UNH): A comparison of their Revenue Growth across different time periods.

EPS Growth

Solventum (SOLV) at 221.74% clears its industry range for EPS growth, a much stronger earnings trajectory than UnitedHealth (UNH) at -14.70%, which is closer to a typical peer reading.

Solventum (SOLV) vs. UnitedHealth (UNH): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
Revenue Growth (YoY)	0.86%	11.81%
Revenue Growth (3Y CAGR)	0.79%	11.35%
EPS Growth (YoY)	221.74%	-14.70%
EPS Growth (3Y CAGR)	4.51%	-14.52%

Financial Strength

Current Ratio (MRQ)

Both Solventum (SOLV) at 1.03 and UnitedHealth (UNH) at 0.74 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

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

UNH

Health Care Equipment & Services industry group

0.74

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
UNH: 0.74
Min: 0.30

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

Debt / Equity (MRQ)

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

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

UNH

Health Care Equipment & Services industry group

0.70

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

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

Financial Strength Metrics

Financial strength metrics for Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
Current Ratio (MRQ)	1.03	0.74
Debt / Equity (MRQ)	1.10	0.70
Net Debt / EBITDA	4.66	1.58

Dividends

Dividend Yield (TTM)

Solventum (SOLV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile UnitedHealth (UNH) reports a yield of 2.29%, ranking against industry peers normally.

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%

UNH

Health Care Equipment & Services industry group

2.29%

UNH: 2.29%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Solventum (SOLV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile UnitedHealth (UNH) reports a payout of 51.71%, ranking against industry peers normally.

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%

UNH

Health Care Equipment & Services industry group

51.71%

UNH: 51.71%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
Dividend Yield (TTM)	0.00%	2.29%
Dividend Payout Ratio (TTM)	0.00%	51.71%

Valuation

P/E Ratio (TTM)

UnitedHealth (UNH) at 22.50 is near its industry’s usual P/E ratio, while Solventum (SOLV) at 101.55 sits above its peer range — an unusually expensive price for SOLV’s trailing earnings.

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

UNH

Health Care Equipment & Services industry group

22.50

Max: 80.41
Q3: 47.62
Median: 29.93
UNH: 22.50
Q1: 21.19
Min: 4.21

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

P/S Ratio (TTM)

UnitedHealth (UNH) at 0.78 sits in the cheaper P/S ratio quartile while Solventum (SOLV) at 1.88 prices around its industry’s middle — UNH costs less per dollar of sales, though read it alongside growth and margins.

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

UNH

Health Care Equipment & Services industry group

0.78

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
UNH: 0.78
Min: 0.03

Solventum (SOLV) vs. UnitedHealth (UNH): 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 Solventum (SOLV) at 3.20 and UnitedHealth (UNH) at 3.60 are valued close to their industries’ norm against book — neither stands out from peers.

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

UNH

Health Care Equipment & Services industry group

3.60

Max: 11.68
Q3: 6.12
UNH: 3.60
Median: 3.00
Q1: 1.73
Min: -1.31

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

Valuation Metrics

Valuation metrics for Solventum (SOLV) and UnitedHealth (UNH)
Metric	SOLV	UNH
P/E Ratio (TTM)	101.55	22.50
P/S Ratio (TTM)	1.88	0.78
P/B Ratio (MRQ)	3.20	3.60
Free Cash Flow Yield (TTM)	1.31%	7.50%