Solventum Q1 FY25: where the revenue came from and where it went
The whole income statement of Solventum for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2025
- Reported
- May 9, 2025
Revenue$2.07B
+3% year over year
Gross profit$1.11B
54% margin
Operating profit$0.15B
7% margin
Net profit$0.14B
7% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.07 | 100% | +3% |
| Product | 1.60 | 77% | +3% |
| Cost of software & rentals | 0.47 | 23% | +2% |
| Cost of revenue | −0.96 | 46% | |
| Gross profit | 1.11 | 54% margin | −4pp |
| R&D | −0.19 | 9% | +0pp |
| SG&A | −0.77 | 37% | +8pp |
| Operating profit | 0.15 | 7% margin | −12pp |
| Interest & other costs | −0.11 | ||
| Tax benefit | 0.10 | ||
| Net profit | 0.14 | 7% margin | −5pp |
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