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Solstice Advanced Materials (SOLS) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Solstice Advanced Materials (SOLS) Q3 2026 earnings results →

Q3 2026 Revenue up 8% year over year to $1.0B · 8¢ of every $1 of revenue kept as net profit · operating margin 10.7%

Solstice Advanced Materials made $1.0B in Q3 2026 (+8% Y/Y): Products $980M, Services $66.0M. Operating margin 10.7%, net earnings $80.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$1.0B
Year over year+8%
Operating margin10.7%
Net earnings$80.0M
Operating cash flow$232M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.0B in Q3 2026, up 8% year over year and down 9% from the previous quarter. Products was the largest line at 94% of revenue. Products added $0.07B year over year (up 8%), 97% of the total change.

Operating profit was $0.11B, a 10.7% margin (down 7.1 points year over year). Operating profit fell $0.06B even though revenue rose $0.08B versus Q3 2025, so costs grew faster than sales. Total costs grew 17% against revenue growth of 8%. The fastest-growing cost line was Research & development (+15%). Net earnings were $0.08B. The effective tax rate was 21.4%.

Operating cash flow was $0.23B, 264% of net income including minority interests. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.08B. Capital expenditures of $0.11B left free cash flow of $0.12B.

Quarterly history

Solstice Advanced Materials revenue by quarterSolstice Advanced Materials revenue by quarter$969MQ3 2025$987MQ4 2025$991MQ1 2026$1.1BQ2 2026$1.0BQ3 2026
Solstice Advanced Materials net earnings by quarterSolstice Advanced Materials net earnings by quarter−$9.0MQ3 2025$41.0MQ4 2025$85.0MQ1 2026$119MQ2 2026$80.0MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$1.0B+8%10.7%$80.0M$232M
Q2 202610-QJul 30, 2026$1.1B+11%15.3%$119M$262M
Q1 202610-QMay 6, 2026$991M+10%13.7%$85.0M$199M
Q4 202510-KFeb 19, 2026$987M+8%8.7%$41.0M$166M
Q3 202510-QNov 13, 2025$969M+7%17.9%−$9.0M−$21.0M

Charts

Solstice Advanced Materials: revenue growth, year over year and quarter over quarterSolstice Advanced Materials: revenue growth, year over year and quarter over quarterY/YQ/Q+7%Q3 2025+8%+2%Q4 2025+10%+0%Q1 2026+11%+16%Q2 2026+8%-9%Q3 2026
Latest (Q3 2026): Y/Y +8%, Q/Q -9%.
Solstice Advanced Materials: where the cash came from (+) and went (−), TTM to Q3 2026Solstice Advanced Materials: where the cash came from (+) and went (−), TTM to Q3 2026Dividends−$1.5BOther financing$1.5BOperating cash flow$859MCapital spending−$413MCash drawn (+) / kept (−)−$298MExchange rates−$40.0MOther investing−$17.0MNet borrowing (+) / repaid (−)−$5.0MNot reconciled−$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Solstice Advanced Materials: profit against cash, quarter by quarterSolstice Advanced Materials: profit against cash, quarter by quarterNet incomeOperating cash flow$134M$275MQ4 2024$140M$160MQ1 2025$99.0M$150MQ2 2025−$9.0M−$21.0MQ3 2025$54.0M$166MQ4 2025$105M$199MQ1 2026$134M$262MQ2 2026$88.0M$232MQ3 2026
Latest (Q3 2026): Net income $88.0M, Operating cash flow $232M.
Solstice Advanced Materials: diluted shares by fiscal yearSolstice Advanced Materials: diluted shares by fiscal year159MFY2023159MFY2024159MFY2025
+0.1% since FY2023: more shares outstanding (issuance, stock pay).
Solstice Advanced Materials: long-term debt falling due (FY2025)Solstice Advanced Materials: long-term debt falling due (FY2025)$8.0M2026$10.0M2027$10.0M2028$10.0M2029$10.0M2030$2.0BLater
Cash $534M, short-term investments —, long-term debt $2.0B at 2025-12-31.
Solstice Advanced Materials in its industry: growth against margin (16 companies, SIC 2800)Solstice Advanced Materials in its industry: growth against margin (16 companies, SIC 2800)revenue growth, year over year →↑ operating marginmedian +8%median 9%OLNHUNHuntsman International LLCCCIOSPPRMECVTNGVTBCPCFMCACNTGUREBLGOCITRLQMTSOLS (+8%, 11%)
Chemicals & Allied Products; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Solstice Advanced Materials

Solstice Advanced Materials Inc. (“Solstice,” “Solstice Advanced Materials,” “we,” “us,” “our,” or the “Company”) is a global, differentiated advanced materials company and a leading global provider of refrigerants, blowing agents, conversion services for the nuclear energy sector, semiconductor materials, protective fibers and healthcare packaging. We operate through two segments, reported as Refrigerants & Applied Solutions (“RAS”) and Electronic & Specialty Materials (“ESM”). Our business is recognized as an industry innovator as well as a technology and quality leader, supported by some of the industry’s most well-known brands.

In its own words, from its 10-K, filed Feb 19, 2026.

Solstice Advanced Materials against its Chemicals & Allied Products peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +8%. Operating margin: 10.7% against the peers' median 9.5%.

CompanyQuarterRevenueY/YOp. margin
SOLS Solstice Advanced MaterialsQ3 2026$1.0B+8%10.7%
OLN OlinQ3 2026$1.7B+2%3.4%
HUN HuntsmanQ3 2026$1.7B+18%2.3%
Huntsman International LLCQ2 2026$1.7B+14%2.2%
CC ChemoursQ3 2026$1.5B+3%14.4%
IOSP InnospecQ3 2026$474M+7%8.8%
PRM Perimeter GroupQ3 2026$390M+24%106.8%
ECVT EcovystQ3 2026$309M+51%9.5%
NGVT IngevityQ3 2026$305M-8%22.0%

Source: Solstice Advanced Materials 10-Q on SEC EDGAR · CIK 2064953 · Chemicals & Allied Products

Guidance and outlook

Solstice Advanced Materials Revenue: guidance against what was reportedSolstice Advanced Materials Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2025$3.9BFY2026Q1 2026$991M
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Solstice Advanced Materials: what its forward-looking statements are about (10-Q filed 2026-11-04)Solstice Advanced Materials: what its forward-looking statements are about (10-Q filed 2026-11-04)Buybacks & dividends2Capital spending2Other1Supply chain1
6 statements; tone +0.17 (−1 all cautious, +1 all confident); 1 hedged.
Solstice Advanced Materials: outlook statements against the filing beforeSolstice Advanced Materials: outlook statements against the filing beforeConfident1

13F: who owns SOLS and who is buying

Largest holders of SOLS (13F)Largest holders of SOLS (13F)BlackRock$1.4BVanguard Group$893MVanguard Portfolio Management LLC$704MVanguard Capital Management LLC$636MState Street$449MPrice T Rowe Associates$313MTwo Sigma Investments, LP$297MGeode Capital Management, LLC$292MGoldman Sachs Group$255MMorgan Stanley$251M
Funds' net buying of SOLS by quarter (13F)Funds' net buying of SOLS by quarter (13F)$5.9B2025-12$263M2026-03$253M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SOLS

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results

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