Solstice Advanced Materials Inc.
SOLS · Materials · $9.6B mkt cap · FY2025 filings · Shallow moat ·
Doesn't clear the bar
The five investor questions
2023–2025 (latest 3 aligned FYs; v3 window cap 5): revenue $3.6B to $3.9B, increasing; diluted EPS 3.91 to 1.49, decreasing.
Median gross margin 34.6% over 3y, very stable.
Not enough years of ROIC data to score returns on capital.
Net debt/EBITDA 2.1x, interest coverage 24x.
Owner earnings changed -38.2%/yr over up to the ten most recent annual observations, share count n/a.
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $594M
- $41.58
- $41.58
- $60.54
- 46% above value if growth stopped today
What today’s price assumes: owner earnings growing ~8%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).
How to read this
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.
Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.
Score records captured Jul 26, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY
Missing a usable price or zero-growth estimate: ANF, BKNG.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
4 years of fundamentals
The business, in plain English
Solstice Advanced Materials Inc. booked $3.9B of revenue in FY2025 in the Materials sector and kept 32.2% of it as gross profit — a moderate-margin business by that measure. After every other cost, 6.1% of each revenue dollar reached the bottom line.
The balance sheet carried $2.0B of total debt in FY2025 against $237M of owner earnings — roughly 8.3 years of owner earnings to retire it all. Balance-Sheet Safety scores it 72/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in SOLS’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in SOLS’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Score history begins Jul 26, 2026 — the record builds forward from here.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Aug 17, 2026.
Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (12 versus 0). The filing codes alone do not establish that every such row arose from a compensation plan.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
| Insider | Shares owned after | Date | Filing detail | ||||
|---|---|---|---|---|---|---|---|
| Mawson SimonSVP, Elec & Spec Materials | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock | 2,348 | Not disclosed | Not disclosed | 3,605 | Aug 1, 2026 | 1 filed lot
|
| Mawson SimonSVP, Elec & Spec Materials | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 825 | $59.36 | $48,972 | 2,780 | Aug 1, 2026 | 1 filed lot
|
| Mawson SimonSVP, Elec & Spec Materials | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units | 2,349 | —Exercise or conversion of derivative security (M) | — | 2,416 | Aug 1, 2026 | 1 filed lot
|
| Rudick Brian ScottSVP, Gen. Counsel and Corp Sec | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event | 4,234 | Not disclosed | Not disclosed | 11,075 | Jul 30, 2026 | 1 filed lot
|
| Rudick Brian ScottSVP, Gen. Counsel and Corp Sec | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 2,122 | $58.65 | $124,455 | 8,953 | Jul 30, 2026 | 1 filed lot
|
| Rudick Brian ScottSVP, Gen. Counsel and Corp Sec | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event | 4,234 | —Exercise or conversion of derivative security (M) | — | 0 | Jul 30, 2026 | 1 filed lot
|
| Pierce TinaSVP and CFO | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event | 5,291 | Not disclosed | Not disclosed | 14,045 | Jul 30, 2026 | 1 filed lot
|
| Pierce TinaSVP and CFO | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 2,651 | $58.65 | $155,481 | 11,394 | Jul 30, 2026 | 1 filed lot
|
| Pierce TinaSVP and CFO | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event | 5,291 | —Exercise or conversion of derivative security (M) | — | 0 | Jul 30, 2026 | 1 filed lot
|
| Dormo Jeffrey HarrisonSVP, Ref. and App. Solutions | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event | 3,176 | Not disclosed | Not disclosed | 6,877 | Jul 30, 2026 | 1 filed lot
|
| Dormo Jeffrey HarrisonSVP, Ref. and App. Solutions | Payment of exercise price or tax liability (F)Table I · Disposed · Common Stock | 1,592 | $58.65 | $93,371 | 5,285 | Jul 30, 2026 | 1 filed lot
|
| Dormo Jeffrey HarrisonSVP, Ref. and App. Solutions | Exercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Units · 1 paired event | 3,176 | —Exercise or conversion of derivative security (M) | — | 0 | Jul 30, 2026 | 1 filed lot
|
Source-event as of . Retrieved .
Track record
How Solstice Advanced Materials Inc.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored SOLS on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The indexed price path isn't available for this company yet; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, SOLS did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Materials context
#97 of 309 scored Materials companies, ranked by Moat Score.
Nearest peers by Moat Score
- #95CHRD Chord Energy Corp49.7 out of 100, Shallow moatShallow moat
- #96APOG APOGEE ENTERPRISES, INC.49.3 out of 100, Shallow moatShallow moat
- #98KNF Knife River Corporation49.0 out of 100, Shallow moatShallow moat
- #99AVNT AVIENT CORPORATION48.9 out of 100, Shallow moatShallow moat
Compare SOLS with its nearest peers →All Materials companies on the Index →
Common questions about SOLS
- Does Solstice Advanced Materials Inc. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores Solstice Advanced Materials Inc. (SOLS) 49.2 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 46, pricing power 59, returns on capital not measurable from the filings, balance-sheet safety 72, capital allocation 20.
- Is SOLS trading below the conservative owner-earnings estimate?
- The value if growth stopped today — a zero-growth baseline — is $41.58 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $60.54, that is 46% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has SOLS's Moat Score changed over time?
- The record logs 12 readings since Jul 18, 2026; the latest reads 49.2 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.