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Our Company 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 a…
18.84% operating margin is respectable but not wide. ROIC at 10.53%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 3.1%, steady but not accelerating. Margins contracted 3.2pp, which offsets some of the top-line progress.
Free cash flow declined 78% versus the prior year, cash generation momentum has weakened. ROIC dropped from 19.80% to 10.53%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$3.97B
▲ +3.1% YoY
Net Income (TTM)
$170M
▼ -60.1% YoY
Op. Margin
17.83%
▼ -3.2pp YoY
ROIC
8.20%
▼ -9.3pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$119M
▼ -78.2% YoY
Op. Cash Flow (FY)
$455M
▼ -46.0% YoY
Net Debt
$1.46B
Cash & Equiv.
$642M
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