Medline Inc. (MDLN) vs Solventum Corporation (SOLV)

Medline Inc. and Solventum Corporation are both Medical Instruments & Supplies companies. Medline Inc. is the larger, with a market value of $45.5B against $15.1B — 3.0× the size. Solventum Corporation has the higher net margin (17.3% vs 2.37%) and the lower return on invested capital (13.4% vs 19.9%). Across the 15 metrics below, Medline Inc. leads on 10 and Solventum Corporation on 5.

Valuation

Metric MDLN SOLV Medical Instruments & Supplies median
P/E — 10.89 34.17
P/S 1.00 1.86 2.83
P/B 1.56 3.22 2.82
Price to free cash flow 12.91 n/m 25.69
EV/EBITDA 3.95 7.88 16.08
EV/Sales 1.33 2.45 3.06
Earnings yield — 9.18% (1.84%)
Free cash flow yield 7.75% (0.76%) 0.17%

Profitability

Metric MDLN SOLV Medical Instruments & Supplies median
Gross margin 46.27% 54.68% 54.62%
Operating margin 31.12% 24.98% 1.64%
Net margin 2.37% 17.26% 0.00%
Free cash flow margin 7.75% (1.42%) 1.61%
Return on equity 0.00% 33.96% 0.00%
Return on assets 3.58% 9.78% 0.00%
Return on invested capital 19.94% 13.40% 0.00%

Growth

Metric MDLN SOLV Medical Instruments & Supplies median
Revenue growth (TTM) — (0.93%) 9.20%
EPS growth (last fiscal year) — 221.74% —
Revenue growth, 5-year CAGR — — 9.48%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric MDLN SOLV Medical Instruments & Supplies median
Debt to equity 0.66 1.10 0.08
Current ratio 4.33 1.02 2.49
Net debt to EBITDA 3.24 1.56 0.83

Dividend

Metric MDLN SOLV Medical Instruments & Supplies median
Dividend yield — — 0.99%
Payout ratio — — 0.00

Size

Metric MDLN SOLV Medical Instruments & Supplies median
Market cap 45.52b 15.08b 938.39m

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