SOLV vs BSX Stock Comparison

Solventum and Boston Scientific Prices as of Oct 23, 2026 Peers: Industry group
SOLV Solventum Corp
$85.40 -3.4% 1M +18.2% 1Y
Market cap
$14.84B
P/E
10.3x
Revenue (TTM)
$8.31B
Div. yield
–
Medical Devices Healthcare
6 wins
BSX Boston Scientific Corp
$45.67 +2.3% 1M -55.4% 1Y
Market cap
$67.04B
P/E
18.2x
Revenue (TTM)
$21.00B
Div. yield
–
Medical Devices Healthcare
4 wins

Head to Head

10 decided of 12

Solventum leads on 6 of the 12 questions below (Solventum 6, Boston Scientific 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSOLVBSXLeader
Larger companyMarket capitalisation $14.84B $67.04B BSX
Cheaper on earningsLower P/E, profitable companies only 10.3x 18.2x SOLV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.5x 14.5x SOLV
Faster revenue growthRevenue growth, trailing twelve months -0.9% +13.5% BSX
More profitableNet margin, trailing twelve months 17.3% 17.5% BSX
Better return on capitalReturn on invested capital 17.6% 10.5% SOLV
Less leveragedLower net debt / EBITDA 1.8x 2.2x SOLV
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +18.2% -55.4% SOLV
Better 5-year returnAnnualised price return, 5 years — +0.4%/yr –
Less volatileAnnualised volatility, 1 year 29.9% 39.9% SOLV
Higher overall scoreMean of the five percentile scores vs peers 65/100 69/100 BSX

Percentile Scorecard

SOLVBSX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSOLVBSX
Valuation 78 #51 of 228 89 #27 of 228
Growth 53 #105 of 222 86 #33 of 222
Profitability 84 #34 of 210 92 #18 of 210
Financial Health 20 #194 of 241 42 #140 of 241
Shareholder Returns 91 #14 of 138 39 #84 of 138
Overall 65 69
  • SOLV ranked among 248 companies in Medical Devices and Diagnostics
  • BSX ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSOLVBSXSPY
1 month -3.4%+2.3% -1.0%
3 months +9.5%+3.2% +2.9%
6 months +24.6%-26.4% +6.4%
Year to date +7.8%-52.1% +11.4%
1 year +18.2%-55.4% +13.1%
3 years —-10.4% +79.4%
3 years, per year —-3.6% +21.5%
5 years —+1.9% +67.7%
5 years, per year —+0.4% +10.9%
10 years —+100.1% +255.2%
10 years, per year —+7.2% +13.5%

Risk

MeasureSOLVBSXSPY
Volatility, 1Y 29.9%39.9% 12.7%
Downside volatility, 1Y 28.4%47.1% 12.7%
Beta vs S&P 500, 1Y 0.570.15 1.00
Return / volatility, 1Y 0.61-1.39 1.03
Max drawdown, 5Y -40.0%-61.6% -25.4%
From 52-week high -7.6%-56.5% -2.5%
52-week high $92.45$104.98 $779.14
52-week low $62.49$41.57 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSOLVBSX
P/E now vs peer median 10.3xmedian 30.7x 18.3xmedian 30.7x
P/S now vs peer median 1.7xmedian 3.0x 3.2xmedian 3.0x
EV/EBITDA now vs peer median 7.4xmedian 17.7x 14.1xmedian 17.7x
P/FCF now vs peer median -123.1xmedian 23.7x 18.3xmedian 23.7x
P/B now vs peer median 3.0xmedian 2.4x 2.6xmedian 2.4x
PEG now vs peer median —median 0.96 0.30median 0.96

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSOLVBSX
Revenue $8.31B $21.00B
Gross profit $4.55B $14.68B
Operating income $2.08B $4.15B
Net income $1.43B $3.67B
Free cash flow -$118.00M $3.63B
R&D $725.00M $2.15B
EPS (diluted) $8.27 $2.49
Cash & equivalents $403.00M $539.00M
Total debt $5.08B $12.62B
Shares (diluted) 173.30M 1.47B
Enterprise value $11.36B $61.81B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSOLVBSX
P/E 10.3x 18.3x
P/FCF -123.1x 18.3x
P/Operating cash flow 69.5x 14.6x
P/S 1.7x 3.2x
P/B 3.0x 2.6x
P/Tangible book 6.1x 3.6x
EV/EBITDA 7.4x 14.1x
EV/EBIT 9.3x 18.9x
EV/Revenue 2.3x 3.7x
EV/FCF -162.7x 21.6x
EV/Operating cash flow 91.9x 17.3x
PEG (3Y EPS CAGR) – 0.30

Growth

14 metrics
MetricSOLVBSX
Revenue growth (1Y) -0.9% 13.5%
Revenue CAGR (3Y) – 16.1%
Gross profit growth (1Y) -0.6% 16.3%
Gross profit CAGR (3Y) – 16.4%
Operating income growth (1Y) 167.2% 31.9%
Operating income CAGR (3Y) – 31.5%
Net income growth (1Y) 277.4% 46.9%
Net income CAGR (3Y) – 59.0%
EPS growth (1Y) 281.5% 48.6%
EPS CAGR (3Y) – 61.5%
Operating cash flow growth (1Y) -64.3% 5.7%
Operating cash flow CAGR (3Y) – 28.7%
Free cash flow growth (1Y) -180.3% 4.0%
Free cash flow CAGR (3Y) – 33.9%

Profitability

14 metrics
MetricSOLVBSX
Gross margin 54.7% 69.9%
EBITDA margin 31.1% 26.5%
Operating margin 25.0% 19.8%
Pretax margin 20.4% 18.4%
Net margin 17.3% 17.5%
FCF margin -1.4% 17.3%
Operating cash flow margin 2.5% 21.6%
Return on equity 29.4% 14.3%
Return on assets 10.1% 8.2%
Return on invested capital 17.6% 10.5%
Return on capital employed 19.8% 10.8%
Asset turnover 0.6x 0.5x
Cash conversion (OCF / net income) 0.1x 1.2x
Stock comp / revenue 2.0% 1.5%

Financial Health

11 metrics
MetricSOLVBSX
Debt / assets 35.7% 27.9%
Debt / equity 1.1x 0.5x
Net debt / EBITDA 1.8x 2.2x
Debt / FCF -43.0x 3.5x
Liabilities / assets 66.3% 44.3%
Equity / assets 33.7% 55.7%
Interest coverage – 11.4x
Current ratio 1.0x 1.2x
Quick ratio 0.5x 0.6x
Cash ratio 0.1x 0.1x
Altman Z-score 2.18 3.03

Shareholder Returns

7 metrics
MetricSOLVBSX
Dividend yield – –
Net buyback yield 2.4% -0.3%
Shareholder yield 2.4% -0.3%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSOLVBSX
Forward P/E 12.5xFY2026 14.5xFY2026
EPS, next fiscal year $6.84FY2026 $3.14FY2026
EPS growth, next FY +11.9%FY2026 +2.6%FY2026
EPS growth, the year after +12.6% +14.6%
Revenue, next fiscal year $7.70BFY2026 $20.70BFY2026
Revenue growth, next FY -7.4%FY2026 +3.1%FY2026
Revenue growth, the year after +5.4% +1.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSOLVBSX
Held by institutions 73.9% 90.5%
Institutions holding 878 1,481
Change in shares held, QoQ -0.8% -0.7%
Institutions buying 369 738
Institutions selling 284 610
Buyers to sellers 1.30 1.21

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SOLVBSX
SOLV 1.00 0.20
BSX 0.20 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SOLV and BSX?

Boston Scientific (BSX) is the largest by market capitalisation: Solventum (SOLV) $14.84B, Boston Scientific (BSX) $67.04B.

Which stock is cheaper, SOLV and BSX?

Solventum (SOLV) trades on the lowest price-to-earnings ratio (Solventum (SOLV) 10.3x, Boston Scientific (BSX) 18.2x). On next year's consensus earnings, Solventum (SOLV) is cheapest (Solventum (SOLV) 12.5x, Boston Scientific (BSX) 14.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Boston Scientific (BSX) grew revenue fastest over the trailing twelve months: Solventum (SOLV) -0.9%, Boston Scientific (BSX) +13.5%.

Which company is more profitable?

Boston Scientific (BSX) has the highest net margin (Solventum (SOLV) 17.3%, Boston Scientific (BSX) 17.5%). On return on invested capital, Solventum (SOLV) leads (Solventum (SOLV) 17.6%, Boston Scientific (BSX) 10.5%).

Which stock has performed better?

Over the past year Solventum (SOLV) returned the most: Solventum (SOLV) +18.2%, Boston Scientific (BSX) -55.4%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Solventum (SOLV) has been the steadiest (Solventum (SOLV) 29.9%, Boston Scientific (BSX) 39.9%). Volatility measures how widely the price swings, not the risk of the business.

Do SOLV and BSX move together?

Their daily returns over the past year have a correlation of 0.20, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, SOLV and BSX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Solventum (SOLV) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.