Solventum
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Solventum's past years’ income statements indicate that its last revenue has increased compared to the previous period by 1% to $8,197,000,000. The net income raised on $1,346,000,000 and profit margin reached 16%. Total operating expenses were $3,001,000,000.
Profit Margin
| 2020 | 7.28B | 1.13B | 15.63% |
|---|---|---|---|
| 2021 | 8.17B | 1.46B | 17.87% |
| 2022 | 8.13B | 1.34B | 16.52% |
| 2023 | 8.19B | 1.34B | 16.42% |
SOLV Income Statement (2020 – 2023)
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
Revenue | ||||
Revenue | 8.19B | 8.13B | 8.17B | 7.28B |
Cost of revenue | 3.50B | 3.43B | 3.24B | 2.96B |
Gross profit | 4.69B | 4.69B | 4.92B | 4.31B |
Operating exp. | ||||
Research and development | 758M | 767M | 766M | 719M |
Selling and marketing | 0 | 0 | 0 | 0 |
Total operating expenses | 3.00B | 3.00B | 3.04B | 2.88B |
Operating income | 1.69B | 1.69B | 1.87B | 1.43B |
Other income (expenses), net | -25M | -1M | 3M | 10M |
Income before tax | 1.66B | 1.69B | 1.88B | 1.44B |
Income tax expense | 321M | 349M | 422M | 302M |
Net income | 1.34B | 1.34B | 1.46B | 1.13B |
Earnings per share | ||||
Basic EPS | 7.79 | 7.79 | 8.47 | 6.6 |
Diluted EPS | 7.79 | 7.79 | 8.47 | 6.6 |