Solstice Advanced Materials Inc.
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SOLS FY 2025 request
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/api/financials?ticker=SOLS&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 3,886 | 3,770 | +3.1% |
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| Building Solutions and Intermediates · Refrigerants & Applied Solutions | 719 | 738 | -2.6% |
| Electronic Materials · Electronic & Specialty Materials | 409 | 381 | +7.3% |
| Healthcare Packaging · Refrigerants & Applied Solutions | 204 | 235 | -13.2% |
| Nuclear (AES) · Refrigerants & Applied Solutions | 356 | 446 | -20.2% |
| Product | 3,587 | 3,453 | +3.9% |
| Product · Electronic & Specialty Materials | 1,097 | 1,049 | +4.6% |
| Product · Refrigerants & Applied Solutions | 2,490 | 2,404 | +3.6% |
| Product · Related Party | 91 | 95 | -4.2% |
| Refrigerants · Refrigerants & Applied Solutions | 1,511 | 1,302 | +16.1% |
| Research and Performance Chemicals · Electronic & Specialty Materials | 500 | 482 | +3.7% |
| Safety and Defense Solutions · Electronic & Specialty Materials | 187 | 186 | +0.5% |
| Service | 299 | 317 | -5.7% |
| Service · ConverDyn | 0 | 30 | -100.0% |
| Service · Refrigerants & Applied Solutions | 299 | 317 | -5.7% |
| Service · Related Party | 0 | 30 | -100.0% |
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| Electronic & Specialty Materials | 1,097 | 1,049 | +4.6% |
| Refrigerants & Applied Solutions | 2,789 | 2,721 | +2.5% |
Show Geography breakouts |
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| EMEA | 922 | 886 | +4.1% |
| Other International | 730 | 599 | +21.9% |
| US | 2,234 | 2,285 | -2.2% |
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| Affiliated Entity | 91 | 125 | -27.2% |
| Cost of Revenue | 2,636 | 2,464 | +7.0% |
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| Product | 2,419 | 2,214 | +9.3% |
| Product · Related Party | 12 | 15 | -20.0% |
| Service | 217 | 250 | -13.2% |
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| Electronic & Specialty Materials | 842 | 784 | +7.4% |
| Refrigerants & Applied Solutions | 1,792 | 1,678 | +6.8% |
| Research & Development | 97 | 83 | +16.9% |
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| Electronic & Specialty Materials | 36 | 33 | +9.1% |
| Refrigerants & Applied Solutions | 60 | 48 | +25.0% |
| Selling, General & Administrative | 421 | 392 | +7.4% |
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| Electronic & Specialty Materials | 74 | 77 | -3.9% |
| Refrigerants & Applied Solutions | 133 | 124 | +7.3% |
| Other Nonrecurring Expense | 117 | 26 | +350.0% |
| Other Non-Operating Income (Expense) | -60 | -5 | -1100.0% |
| Interest Expense | 28 | 13 | +115.4% |
| Costs And Expenses Operating And Nonoperating | 3,239 | 2,973 | +8.9% |
| Income Before Taxes | 647 | 797 | -18.8% |
| Income Tax Expense (Benefit) | 362 | 192 | +88.5% |
| Net Income | 285 | 605 | -52.9% |
| Net Income Loss Attributable To Noncontrolling Interest | 48 | 11 | +336.4% |
| Net Income | 237 | 594 | -60.1% |
| EPS (Basic) | 1.49 | 3.74 | -60.2% |
| EPS (Diluted) | 1.49 | 3.74 | -60.2% |
| Wtd Avg Shares (Basic) | 158.7 | 158.7 | 0.0% |
| Wtd Avg Shares (Diluted) | 158.9 | 158.7 | +0.1% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | -4 | 20 | -120.0% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 534 | 661 | -19.2% |
| Accounts Receivable | 645 | 569 | +13.4% |
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| Affiliated Entity | 45 | 40 | +12.5% |
| Related Party | 45 | 40 | +12.5% |
| Inventory | 715 | 558 | +28.1% |
| Product Loans Receivable Current | 300 | — | — |
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| Related Party | 178 | 0 | — |
| Other Assets Current | 193 | 73 | +164.4% |
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| Variable Interest Entity Primary Beneficiary · ConverDyn | 179 | 80 | +123.8% |
| Total Current Assets | 2,388 | 1,861 | +28.3% |
| Non-Current Assets | |||
| Goodwill | 820 | 806 | +1.7% |
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| Electronic & Specialty Materials | 196 | 193 | +1.6% |
| Refrigerants & Applied Solutions | 624 | 613 | +1.8% |
| Deferred Tax Assets | 6 | 3 | +100.0% |
| Product Loans Receivable Noncurrent (Q) | — | — | — |
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| Related Party | 0 | 156 | -100.0% |
| Other Non-Current Assets | 192 | 142 | +35.2% |
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| Variable Interest Entity Primary Beneficiary · ConverDyn | 2 | 16 | -87.5% |
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| Related Party | 0 | 7 | -100.0% |
| Total Assets | 5,673 | 5,004 | +13.4% |
Show Business Segments breakouts |
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| Electronic & Specialty Materials · Operating Segments | 1,471 | 1,192 | +23.4% |
| Refrigerants & Applied Solutions · Operating Segments | 3,490 | 3,157 | +10.5% |
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| Variable Interest Entity Primary Beneficiary · ConverDyn | 481 | 360 | +33.6% |
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| Corporate Non Segment | 712 | 655 | +8.7% |
| Property, Plant & Equipment | 2,055 | 1,746 | +17.7% |
| Operating Lease Right-of-Use Assets | 89 | 90 | -1.1% |
| Intangible Assets | 21 | 10 | +110.0% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 5 | 7 | -28.6% |
| Patents and technology | 15 | 2 | +650.0% |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 2,055 | 1,746 | +17.7% |
| Intangible Assets Net Excluding Goodwill | 49 | 35 | +40.0% |
| Equity Method Investments | 162 | 146 | +11.0% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Asahi-Schwebel JV | 34 | 29 | +17.2% |
| Quimobásicos JV | 25 | 26 | -3.8% |
| Sinochem Lantian New Materials Co., Ltd. | 103 | 91 | +13.2% |
| Current Liabilities | |||
| Accounts Payable | 909 | 778 | +16.8% |
Show Related Party Transactions By Related Party breakouts |
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| Affiliated Entity | 2 | 3 | -33.3% |
| Related Party | 2 | 3 | -33.3% |
| Current Portion of Long-Term Debt | 4 | — | — |
| Product Loans Payable Current | 320 | — | — |
| Finance Lease Liability Current | 14 | 22 | -36.4% |
| Accrued Liabilities And Other Liabilities Current | 467 | 283 | +65.0% |
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| Related Party | 69 | 60 | +15.0% |
| Total Current Liabilities | 1,713 | 1,083 | +58.2% |
| Deferred Revenue (Current) | 3 | 6 | -50.0% |
| Non-Current Liabilities | |||
| Long-Term Debt | 1,968 | — | — |
| Deferred Tax Liabilities | 233 | 179 | +30.2% |
| Product Loans Payable Noncurrent | 16 | 293 | -94.5% |
| Finance Lease Liability Noncurrent | 104 | 37 | +181.1% |
| Other Non-Current Liabilities | 262 | 230 | +13.9% |
Show Consolidated Entities breakouts |
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| Variable Interest Entity Primary Beneficiary · ConverDyn | 33 | 33 | 0.0% |
| Total Liabilities | 4,296 | 1,822 | +135.8% |
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| Variable Interest Entity Primary Beneficiary · ConverDyn | 551 | 436 | +26.4% |
| Long-Term Debt | 2,000 | — | — |
| Operating Lease Liabilities | 69 | 64 | +7.8% |
| Accrued Income Taxes Noncurrent | 10 | 9 | +11.1% |
| Contract With Customer Liability Noncurrent | 38 | 33 | +15.2% |
| Stockholders' Equity | |||
| Common Stock | 2 | — | — |
| Additional Paid-In Capital | 1,495 | — | — |
| Accumulated Other Comprehensive Income | -127 | -213 | +40.4% |
| Retained Earnings | 41 | — | — |
| Total Stockholders' Equity | 1,411 | 3,258 | -56.7% |
| Minority Interest | -34 | -76 | +55.3% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 1,377 | 3,182 | -56.7% |
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| Accumulated Defined Benefit Plans Adjustment | -8 | -5 | -60.0% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 2 | 10 | -80.0% |
| Accumulated Other Comprehensive Income | -127 | -213 | +40.4% |
| Accumulated Translation Adjustment | -120 | -218 | +45.0% |
| Additional Paid In Capital | 1,495 | — | — |
| Common Stock | 2 | — | — |
| Noncontrolling Interest | -34 | -76 | +55.3% |
| Retained Earnings | 41 | — | — |
| Total Liabilities & Equity | 5,673 | 5,004 | +13.4% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation | 191 | 175 | +9.1% |
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| Electronic & Specialty Materials | 47 | 37 | +27.0% |
| Refrigerants & Applied Solutions | 143 | 137 | +4.4% |
| Adjustment For Amortization | 29 | 42 | -31.0% |
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| Electronic & Specialty Materials | 4 | 2 | +100.0% |
| Refrigerants & Applied Solutions | 23 | 38 | -39.5% |
| Income Loss From Equity Method Investments Net Of Dividends Or Distributions | -19 | -19 | 0.0% |
| Gain Loss On Sale Of Property Plant Equipment | -15 | — | — |
| Stock-Based Compensation | 27 | 17 | +58.8% |
| Increase Decrease In Interest Payable Net | 24 | — | — |
| Deferred Income Taxes And Tax Credits | 52 | -6 | +966.7% |
| Change in Accounts Receivable | -51 | 40 | -227.5% |
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| Related Party | -5 | 4 | -225.0% |
| Change in Inventory | -146 | -16 | -812.5% |
| Increase Decrease In Other Operating Assets | -117 | -3 | -3800.0% |
| Change in Accounts Payable | 77 | 12 | +541.7% |
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| Related Party | -1 | -4 | +75.0% |
| Increase Decrease In Accrued Liabilities | 102 | 44 | +131.8% |
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| Related Party | 9 | 7 | +28.6% |
| Change in Deferred Revenue | 2 | -20 | +110.0% |
| Increase Decrease In Other Operating Liabilities | 15 | -29 | +151.7% |
| Net Cash from Operations | 455 | 842 | -46.0% |
| Depreciation & Amortization | 24 | 39 | -38.5% |
| Deferred Income Taxes | -26 | -6 | -333.3% |
| Investing Activities | |||
| Capital Expenditures | -336 | -296 | -13.5% |
| Payments For Life Long Catalysts And Deferred Maintenance | -2 | -1 | -100.0% |
| Payments To Acquire Intangible Assets | -16 | — | — |
| Proceeds From Sale Of Property Plant And Equipment | 23 | — | — |
| Net Cash from Investing | -330 | -298 | -10.7% |
| Financing Activities | |||
| Proceeds From Payments For Parent Financing Activities | -684 | -414 | -65.2% |
| Proceeds From Issuance Of Debt | 2,000 | — | — |
| Payments Of Financing Costs | -38 | — | — |
| Payments Of Dividends | -1,500 | — | — |
| Finance Lease Principal Payments | -13 | -39 | +66.7% |
| Net Cash from Financing | -235 | -453 | +48.1% |
| Supplemental | |||
| Income Taxes Paid | 50 | 22 | +127.3% |
| Finance Lease Interest Payment On Liability | 4 | 10 | -60.0% |
| Unpaid Capital Expenditures | 111 | 39 | +184.6% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | -15 | -36 | +58.3% |
| Net Change in Cash | -126 | 55 | -329.1% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 534 | 661 | -19.2% |
Values in millions USD. Source: SEC EDGAR 10-K filing.