How Does Solventum Stock Stack Up Against Its Peers?

SOLV: Solventum logo
SOLV
Solventum

Solventum‘s (SOLV) stock has outperformed over the past year, but how does it truly stack up against peers Omnicell (OMCL) and Veradigm (MDRX) in the evolving healthcare technology landscape as of November 21, 2025? A deeper dive reveals robust operating profitability of 8.02% and a moderate valuation with a PE ratio of 9.48. However, its modest LTM revenue growth of 2.28% and significantly lower free cash flow generation at 0.60% compared to competitors, suggest potential headwinds despite its recent 19% market strength.

  • SOLV’s 8.0% operating margin, highest among peers, highlights its strategic focus on high-margin MedSurg/Health IT segments.
  • SOLV’s 2.3% revenue growth, lagging OMCL but outpacing MDRX, indicates early stages of its strategic pivot from legacy businesses.
  • SOLV’s 19.1% stock gain, outpacing peers, yet with a 9.5 PE, suggests tempered long-term growth expectations despite initial spin-off confidence.

Here’s how Solventum stacks up across size, valuation, and profitability versus key peers.

  SOLV OMCL MDRX
Market Cap ($ Bil) 14.4 1.6 0.5
Revenue ($ Bil) 8.4 1.2 0.6
PE Ratio 9.5 82.3 -6.1
LTM Revenue Growth 2.3% 10.7% 1.8%
LTM Operating Margin 8.0% 1.5% -3.3%
LTM FCF Margin 0.6% 8.0% 14.2%
12M Market Return 19.1% -18.4% -55.9%

Below we compare SOLV’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2024 2023 2022 2021 2020
SOLV 2.3% 0.7% 0.8% -0.5%    
OMCL 10.7% -3.0% -11.5% 14.5%    
MDRX 1.8%   1.8% 3.8% -65.9%

Operating Margin Comparison

  LTM 2024 2023 2022 2021 2020
SOLV 8.0% 12.6% 20.6% 20.8%    
OMCL 1.5% 0.0% -3.0% -0.2%    
MDRX -3.3%   -3.3% 13.4% 3.3%

PE Ratio Comparison

  LTM 2024 2023 2022 2021 2020
SOLV 9.5 23.9    
OMCL 82.3 163.6 -83.5 396.3    
MDRX -6.1   -12.6 9.8 4.0

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