SOLSSolstice Advanced Materials Inc.
Chemicals & Allied Products
- Revenue
- $3.9B
- 3.1% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $9.6B
- Employees
- 4,100
- $948K revenue each
- Net debt / EBITDA
- —
- $1.3B net debt
- AI in 10-K
- 0.7
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 1 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo192% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowYes330% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo14% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$948K · 74th pctBottom quartile of its SIC industry
- Quiet on AINo0.7 per 10K words · 27th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$9.6B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$0 netNet sales over $10M in 12 months
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $3.6B | $3.8B | $3.9B | 3.1% |
| Net income | $621M | $594M | $237M | 60% |
| Operating cash flow | $760M | $842M | $455M | 46% |
| Capex | $299M | $296M | $336M | 14% |
| Stock-based comp | $18M | $17M | $27M | 59% |
| Dividends | $0 | $0 | $1.5B |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.