Solventum Corp.(SOLV)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
2-STAR RATING
WEAK BUY
BUY for 58 days
PROFIT SINCE LAST BUY
+9.03% ▲
LAST CLOSE
$86.41
10/08/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for SOLV

10/08/2026: SOLV (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Solventum Corp. is a recently independent medical technology and healthcare software company spun off from 3M. It operates through segments focused on medical-surgical consumables, dental solutions, and health information systems, leveraging a legacy of innovation and deep clinical adoption. Its primary growth story revolves around digitizing hospital workflows and expanding specialized medical tech, while its core surgical business provides steady, recurring revenue. Investors should monitor its high debt load, integration progress post-spin, and competitive pressures from specialized software and device peers. The stock may appeal to value-oriented investors seeking exposure to established healthcare brands, provided they are comfortable with the execution risks of a new, standalone entity.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth potential exists in digital health, but it is tempered by the mature, slow-growth nature of core medical supply segments.
Momentum investorWeak fitThe stock is currently building its independent trading profile and lacks long-term price trend confirmation.
Value investorStrong fitThe spin-off status and focus on operational efficiency may present a compelling entry point for value-oriented investors.
Dividend investorMixed fitFuture dividend potential is uncertain as the company prioritizes debt repayment post-spin-off.
Low-risk investorMixed fitThe substantial debt load and transition risk create volatility that may not suit the most conservative investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highAs a newly independent company, the stock may experience significant price fluctuations.
Valuation riskMediumThe market is still establishing an appropriate valuation multiple for the company's specific mix of health tech and med-surg assets.
Competition risk (Medical Devices/IT)HighStrong competition from entrenched incumbents could pressure margins and market share.
Business qualityMedium / highThe legacy product portfolio is robust, but performance depends on successful operational independence.
Dividend incomeLowLimited immediate history of dividend payments makes it less attractive for income-focused investors today.
Execution riskMedium / highSuccessfully separating from 3M systems and processes remains a key operational challenge.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit 15.03%
Avg. Invested days 48
Today’s Advisory WEAK BUY
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/08/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
SOLV receives a 4-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum, and limited analyst upside.

Company Fundamentals

★★★★★
SOLV has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, strong earnings growth (+224.8%) and solid profitability (net margin 18.7%) are partially offset by weak cash generation (FCF margin -0.1%), moderate revenue growth (+0.9%).

Financial Health Rating

★★★★★
SOLV's financial health is supported by solid profitability, including gross margin of 53.5% and operating margin of 26.2%. Liquidity is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is SOLV's strongest growth driver at +224.8% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (+0.9%, moderate) and free-cash-flow growth (-101.2%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 75.9% and approximately 84.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 15.34% supports management-shareholder alignment.

Top 5 Institutional Investors

Independent Franchise Partners LLP 9.50%
BlackRock Inc 5.73%
Vanguard Capital Management, LLC 5.65%
Trian Fund Management LP 4.84%
Vanguard Portfolio Management, LLC 3.72%

Unit Economics (Per $1K Revenue)

★★★★★
SOLV generates approximately $535 of gross profit, $262 of operating income, and $-1 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Weak margins and weak cash conversion support a 3-star rating, while capital efficiency is strong.

Economic Dimensions

★★★★★
Effective Tax Rate: 9.17%

Quantitative Style Profile

★★★★★
SOLV has a large-cap, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 14.62B USD
Price to earnings Ratio 10.66
1Y Target Price 94.31
Price to earnings Ratio 10.66
1Y Target Price 94.31
Volume (30-day avg) 889.0K shares
Beta 0.7
52 Weeks Range 62.38 - 94.16
Updated Date 10/08/2026
52 Weeks Range 62.38 - 94.16
Updated Date 10/08/2026
Dividends yield (FY) -
Basic EPS (TTM) 8.06

How Company Makes Money

Business areaWhat it includesRetail investor read
MedSurgWound care dressings, surgical solutions, and patient monitoring equipment.The largest revenue driver, relying on high-volume sales of essential hospital consumables.
Health Information SystemsRevenue cycle management and clinical documentation software for healthcare providers.A key growth area focusing on high-margin software solutions that improve hospital efficiency.
DentalOrthodontic, restorative, and oral care products.Provides stable, recurring revenue from dental practices globally.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 10.66
Forward PE 13.09
Enterprise Value 19.93B
Price to Sales(TTM) 1.76
Enterprise Value 19.93B
Price to Sales(TTM) 1.76
Enterprise Value to Revenue 2.4
Enterprise Value to EBITDA 8.08
Shares Outstanding 170.22M
Shares Floating 144.09M
Shares Outstanding 170.22M
Shares Floating 144.09M
Percent Insiders 15.34
Percent Institutions 75.9

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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