Solstice Advanced Materials
SOLS on Nasdaq. Solstice Advanced Materials sells refrigerants, fibers and chip-making materials to manufacturers. Market value $9.2bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
The company doesn't report operating profit, so we work it out from pre-tax profit and interest.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Materials stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $2.00 of spare cash in the past 12 months. A savings account pays about $4.
You pay 17.1 years of operating profit for the business. The average large US company costs around 18.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 47 of 100. Our list needs 70 on quality and 60 on price.
$61.27 a share, 52% above its 1-year low
Over the past year the price has ranged from $40.43 to $90.80.
Dividend: 15.4% a year
Paid in its latest year
Yields this high often come before a cut. Check the company's latest news.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: $195 million in the past 12 months, $119 million in the year to December 2025.
| Revenue | |
| Revenue | $3.9bn |
| Operating margin | |
| Operating margin | 17.4% |
| Debt to equity | |
| Debt to equity | 1.50 |
| Shares outstanding | |
| Shares outstanding | 0.16bn |
Health checks
- Free cash flow positive1 of 1 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- Debt1.50× equity
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 February 2026
- Next quarterly (estimated, 10-Q)
- 29 October 2026
Who owns it
6 long-term investors we follow own it, down from 8 last quarter. 1,164 funds in all.
- Cullen Capital ManagementJames Cullen
- Value
- $400,118
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Gotham Asset ManagementJoel Greenblatt | $35m | <0.1% | Added |
| Select Equity GroupGeorge Loening | $34m | 0.2% | New |
| GAMCO InvestorsMario Gabelli | $5m | <0.1% | Cut |
| Mairs & PowerAndy Adams | $1m | <0.1% | Cut |
| Cullen Capital ManagementJames Cullen | $400,118 | <0.1% | |
| First Manhattan Co.First Manhattan partners | $326,048 | <0.1% | Cut |
Sold out this quarter
Largest holders overall
- BlackRock$1.4bnAdded
- Vanguard Portfolio Management$704m
- Vanguard Capital Management$636m
- State Street$449m
- Price T Rowe Associates$313mAdded
- TWO Sigma Investments, LP$297mAdded
- Geode Capital Management$292mAdded
- Goldman Sachs Group$255mAdded
- Morgan Stanley$251mAdded
- Castle Hook Partners LP$197m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- BlackRock, Inc.Passive investor9.4%+1.3 ptsSince 30 June 2026
- Vanguard Capital ManagementPassive investor5.4%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.0%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 9.4%+1.3 pts | 30 June 2026 | |
Vanguard Capital Management Passive investor | 5.4% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.0% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.