Solstice Advanced Materials Inc. (SOLS) Stock

Solstice Advanced Materials Inc. (SOLS) is a Materials stock trading at $56.15 (as of 2026-08-21), with a market capitalization of $8.92B and a trailing P/E of 35.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Solstice Advanced Materials, Inc. is a specialty materials company that provides products used across applications such as refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, and healthcare packaging. The company is based in Morris Plains, New Jersey.

Understand Solstice Advanced Materials Inc.: how it makes money

Solstice Advanced Materials makes specialty materials and solutions for end markets such as refrigerants, semiconductor manufacturing, data center cooling, alternative energy, protective fibers, healthcare packaging, and protective and specialty applications, and it earns money by selling these materials to customers across those industries.

Overall results are driven mainly by Refrigerants and Applied Solutions, which is the largest revenue portion (about 0.71B out of ~1.0B), so changes in demand and product mix within that group will disproportionately impact total performance.

Revenue by segment (latest quarter)
Refrig+Applied	$0.7B
Electronic+Spec	$0.3B

Business quality (Mixed): Segment revenue split is provided, but no operational KPIs are included in the supplied data, so it is harder to track the specific drivers behind performance beyond gross and operating margin.

Valuation: At 71× earnings, SOLS trades 85% above the Chemicals average (38×). Note: one-time items can distort reported P/E.

Bull case

Diversified application footprint: Products support multiple industrial and end-market themes (refrigerants, semiconductor manufacturing, data center cooling, alternative energy, and healthcare packaging), which can reduce reliance on a single application.
Large scale in the refrigerants-related platform: Refrigerants and Applied Solutions is the biggest revenue component (about 0.71B), giving the company a central profit and cash-flow engine tied to that area.

Bear case

End-market cyclicality risk: Because demand is linked to sectors including semiconductor manufacturing and data center cooling, downturns or slower customer activity in these areas could reduce net sales.
Profit depends on maintaining conversion from gross to operating profit: Operating margin (13.7%) sits below gross margin (31.9%), so cost pressures (operating expenses) or pricing weakness could compress operating results.

Valuation — source: SEC EDGAR (first-party)
Price	$56.15
Market Cap	$8.92B
P/E Ratio	35.1
EV / EBITDA	12.2
Price / Book	5.62
Price / Sales	2.18
FCF Yield	5.5%
DCF Value (model)	$45.34
DCF Upside vs Price	-19.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.89B
Net Margin	6.1%
Revenue Growth (YoY)	11.1%
EPS Growth (YoY)	23.0%
FCF Growth (YoY)	235.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.46 (grey)

Valuation vs Sector & Industry
Stock P/E	35.1
Sector P/E (Materials)	25.9
Industry P/E (Chemicals)	31.1
vs Sector	35.5%
vs Industry	12.7%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($1.14B)
Institutional Holders Tracked	10
Congressional Trades (recent)	6

Company
Sector	Materials
Industry	Chemicals
CEO	David Sewell
Employees	102,000
Country	US
IPO Date	2025-10-20

Related Companies (Business model: Industrials / Capital Goods (Heavy Machinery + Diversified Industrials); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.