# Solstice Advanced Materials, Inc. (SOLS)

> Source: Nexqual · https://nexqual.com/SOLS · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Solstice Advanced Materials, Inc. (SOLS), nexqual.com/SOLS" · informational, not investment advice.

**Price:** USD 62.56 (-1.09% on the day) · last close of Oct 29, 2026; US market after hours, not a live price. Prev close 63.25 · day 61.72–63.12 · 52w 40.43–90.8 · market cap $9.94B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $4.09B, net income $210M (5.1% margin), free cash flow $195M (SEC filings).
- Valuation: P/E 47.3x (avg 32.6x at the last 1 fiscal year-ends), net debt $1.36B.
- 1 of 80 tracked superinvestors hold SOLS (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.80 on a 1–5 scale) (10 analysts), mean target USD 79 (range 65–87).
- Total return with dividends: 1Y +28.8% vs S&P 500 +14.4%; 5Y +37.2% vs S&P 500 +79.1%.
- Next earnings: 2026-11-04, EPS estimate USD 0.69, revenue estimate $1.02B. All companies reporting that day: https://nexqual.com/earnings/2026-11-04
- Dividend: USD 0.3 a year (yield 0.47%), paid semiannual; latest ex-dividend date 2026-08-27.
- Short interest: 4.00% of float (as of 2026-10-15), 2.4 days to cover.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $3.65B | $3.77B | $3.89B | $4.09B |
| Gross profit | $1.28B | $1.31B | $1.25B | — |
| Net income | $621M | $594M | $237M | $210M |
| EPS (diluted) | $3.91 | $3.74 | $1.49 | — |
| Free cash flow | $461M | $546M | $119M | $195M |
| Gross margin | 35.2% | 34.6% | 32.2% | — |
| Net margin | 17.0% | 15.8% | 6.1% | 5.1% |
| Revenue growth | — | +3.3% | +3.1% | — |
| Cash + short-term investments | $606M | $661M | $534M | — |
| Total debt | — | $59.0M | $2.00B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 47.3x · P/S 2.4x · EV/Sales 2.8x · P/FCF 51.0x · P/B 6.3x · FCF yield 1.96% · Earnings yield 2.11% · Net debt $1.36B · EV $11.3B
P/E at fiscal year-ends: Dec 2025 32.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold SOLS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.01% | $1.5M | Reduced -25.2% |

## Analysts
Consensus Buy (mean 1.80 on a 1–5 scale), 10 analysts; mean target USD 79 (low 65, high 87).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Barclays | Initiated | Overweight | $73 |
| 2026-10-07 | Seaport Global | Initiated | Buy | $80 |
| 2026-10-05 | UBS | Target lowered | Buy | $80 → $76 |
| 2026-10-01 | Mizuho | Target lowered | Neutral | $70 → $65 |
| 2026-09-30 | RBC Capital | Reiterated | Outperform | $82 |
| 2026-09-03 | Jefferies | Initiated | Buy | $86 |
| 2026-07-31 | UBS | Target raised | Buy | $78 → $80 |
| 2026-07-31 | RBC Capital | Target lowered | Outperform | $102 → $82 |
| 2026-07-16 | BMO Capital | Target lowered | Outperform | $101 → $90 |
| 2026-07-15 | Mizuho | Target lowered | Neutral | $95 → $70 |
| 2026-07-13 | UBS | Upgrade | Neutral → Buy | $88 → $78 |
| 2026-07-09 | Truist Securities | Upgrade | Hold → Buy | $90 → $75 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2025-10-20) |
|---|---|---|
| Total return | +28.8% | +37.2% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | +28.9% | +36.1% |
| Volatility (annualized) | 54.6% | 49.6% |
| Max drawdown | -37.5% (Jun 2026→Aug 2026) | -34.4% (Jun 2026→Aug 2026) |

## Dividends
Annual dividend rate USD 0.30 per share, yield 0.47% at the current price. Paid over the last 12 months: USD 0.225 in 3 payments (semiannual).
Most recent ex-dividend date: Aug 27, 2026; payment date: Sep 10, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Payout ratio 11% of earnings.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-08-27 | USD 0.075 |
| 2026-05-27 | USD 0.075 |
| 2026-02-24 | USD 0.075 |

## Short interest
4,955,963 shares sold short, 4.00% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 5,196,524 shares (-4.6%). Days to cover: 2.4 (short shares ÷ average daily volume).

## Peers (Specialty Chemicals)
SSL (Sasol Ltd.) USD 17.01 -1.68% · ALB (Albemarle Corporation) USD 93.27 -3.81% · ESI (Element Solutions Inc.) USD 35.4 -1.09% · WLK (Westlake Corporation) USD 66.01 +0.27% · NEU (NewMarket Corp) USD 803.07 -8.04% · EMN (Eastman Chemical Company) USD 67.93 +1.89%

## More
Full page: https://nexqual.com/SOLS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Refrigerants & Applied Solutions | $850.0M | 74.0% | +12.4% |
| Electronic & Specialty Materials | $298.0M | 26.0% | +7.6% |
| Total revenue | $1.15B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Products | $1.06B | 92.5% | +12.4% |
| Refrigerants | $473.0M | 41.2% | +13.2% |
| Building Solutions & Intermediates | $180.0M | 15.7% | -0.6% |
| Research & Performance Chemicals | $135.0M | 11.8% | +2.3% |
| Nuclear | $125.0M | 10.9% | +27.6% |
| Electronic Materials | $119.0M | 10.4% | +14.4% |
| Services | $86.0M | 7.5% | -2.3% |
| Healthcare Packaging | $73.0M | 6.4% | +23.7% |
| Safety & Defense Solutions | $43.0M | 3.7% | +4.9% |
| Total revenue | $1.15B | 100% | — |
The lines above cover 200% of total revenue.

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $2.23B | 57.5% | -2.2% |
| EMEA | $922.0M | 23.7% | +4.1% |
| Other International | $730.0M | 18.8% | +21.9% |
| Total revenue | $3.89B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.69 | $0.66 | +4.9% | $1.02B | 9 |
| Next quarter (ends 2026-12-31) | $0.72 | $0.60 | +19.9% | $1.01B | 9 |
| Current fiscal year (ends 2026-12-31) | $2.90 | $2.65 | +9.3% | $4.17B | 10 |
| Next fiscal year (ends 2027-12-31) | $3.42 | $3.21 | +6.7% | $4.41B | 10 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±11.5%; last 4 reports averaged ±9.8%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 57.5% | ±11.5% |
| 2026-12-18 | 50 | 50.6% | ±15.0% |
| 2027-01-15 | 78 | 50.0% | ±18.4% |
| 2027-02-19 | 113 | 50.0% | ±22.1% |
| 2027-05-21 | 204 | 49.4% | ±29.2% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Jul 30, 2026 | Quarter ended Jun 30, 2026 | $0.88 | $0.77 | Beat +14.3% | +8.1% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.63 | $0.61 | Beat +3.3% | -6.9% |
| Feb 11, 2026 | Quarter ended Dec 31, 2025 | $0.26 | $0.36 | Miss −27.8% | +22.3% |
| Nov 6, 2025 | Quarter ended Sep 30, 2025 | — | — | — | -1.7% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).