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Side-by-side financial comparison of Solstice Advanced Materials Inc. (SOLS) and Talen Energy Corp (TLN). Click either name above to swap in a different company.

Solstice Advanced Materials Inc. is the larger business by last-quarter revenue ($969.0M vs $758.0M, roughly 1.3× Talen Energy Corp). Solstice Advanced Materials Inc. runs the higher net margin — -3.6% vs -47.9%, a 44.3% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs 6.8%). Talen Energy Corp produced more free cash flow last quarter ($254.0M vs $41.0M).

Solstice Advanced Materials Inc. is a specialty advanced materials provider that develops, produces and distributes high-performance functional materials for renewable energy systems, consumer electronics, industrial manufacturing and advanced automotive sectors. The company focuses on material solutions that boost product durability, energy efficiency and operational performance for its global clients.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

SOLS vs TLN — Head-to-Head

Bigger by revenue
SOLS
SOLS
1.3× larger
SOLS
$969.0M
$758.0M
TLN
Growing faster (revenue YoY)
TLN
TLN
+107.9% gap
TLN
114.7%
6.8%
SOLS
Higher net margin
SOLS
SOLS
44.3% more per $
SOLS
-3.6%
-47.9%
TLN
More free cash flow
TLN
TLN
$213.0M more FCF
TLN
$254.0M
$41.0M
SOLS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SOLS
SOLS
TLN
TLN
Revenue
$969.0M
$758.0M
Net Profit
$-35.0M
$-363.0M
Gross Margin
32.0%
Operating Margin
17.9%
-41.3%
Net Margin
-3.6%
-47.9%
Revenue YoY
6.8%
114.7%
Net Profit YoY
-123.0%
-542.7%
EPS (diluted)
$-7.60

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
SOLS
SOLS
TLN
TLN
Q4 25
$758.0M
Q3 25
$969.0M
$697.0M
Q2 25
$409.0M
Q1 25
$654.0M
Q4 24
$353.0M
Q3 24
$907.0M
$459.0M
Q2 24
$346.0M
Q1 24
$416.0M
Net Profit
SOLS
SOLS
TLN
TLN
Q4 25
$-363.0M
Q3 25
$-35.0M
$207.0M
Q2 25
$72.0M
Q1 25
$-135.0M
Q4 24
$82.0M
Q3 24
$152.0M
$168.0M
Q2 24
$454.0M
Q1 24
$294.0M
Gross Margin
SOLS
SOLS
TLN
TLN
Q4 25
Q3 25
32.0%
Q2 25
Q1 25
Q4 24
Q3 24
36.6%
Q2 24
Q1 24
Operating Margin
SOLS
SOLS
TLN
TLN
Q4 25
-41.3%
Q3 25
17.9%
37.7%
Q2 25
16.1%
Q1 25
-16.2%
Q4 24
4.5%
Q3 24
21.7%
34.4%
Q2 24
7.8%
Q1 24
6.0%
Net Margin
SOLS
SOLS
TLN
TLN
Q4 25
-47.9%
Q3 25
-3.6%
29.7%
Q2 25
17.6%
Q1 25
-20.6%
Q4 24
23.2%
Q3 24
16.8%
36.6%
Q2 24
131.2%
Q1 24
70.7%
EPS (diluted)
SOLS
SOLS
TLN
TLN
Q4 25
$-7.60
Q3 25
$4.25
Q2 25
$1.50
Q1 25
$-2.94
Q4 24
$2.07
Q3 24
$3.16
Q2 24
$7.60
Q1 24
$4.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SOLS
SOLS
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$417.0M
$689.0M
Total DebtLower is stronger
$6.8B
Stockholders' EquityBook value
$3.2B
$1.1B
Total Assets
$5.2B
$10.9B
Debt / EquityLower = less leverage
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOLS
SOLS
TLN
TLN
Q4 25
$689.0M
Q3 25
$417.0M
$497.0M
Q2 25
$122.0M
Q1 25
$295.0M
Q4 24
$328.0M
Q3 24
$648.0M
Q2 24
$632.0M
Q1 24
Total Debt
SOLS
SOLS
TLN
TLN
Q4 25
$6.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
Stockholders' Equity
SOLS
SOLS
TLN
TLN
Q4 25
$1.1B
Q3 25
$3.2B
$1.5B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.4B
Q3 24
$3.2B
$2.4B
Q2 24
$2.5B
Q1 24
$2.8B
Total Assets
SOLS
SOLS
TLN
TLN
Q4 25
$10.9B
Q3 25
$5.2B
$6.1B
Q2 25
$5.8B
Q1 25
$5.9B
Q4 24
$6.1B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
Debt / Equity
SOLS
SOLS
TLN
TLN
Q4 25
6.23×
Q3 25
2.03×
Q2 25
2.40×
Q1 25
2.54×
Q4 24
2.17×
Q3 24
1.10×
Q2 24
1.05×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SOLS
SOLS
TLN
TLN
Operating Cash FlowLast quarter
$289.0M
$280.0M
Free Cash FlowOCF − Capex
$41.0M
$254.0M
FCF MarginFCF / Revenue
4.2%
33.5%
Capex IntensityCapex / Revenue
25.6%
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOLS
SOLS
TLN
TLN
Q4 25
$280.0M
Q3 25
$289.0M
$489.0M
Q2 25
$-184.0M
Q1 25
$119.0M
Q4 24
Q3 24
$96.0M
Q2 24
$-23.0M
Q1 24
$173.0M
Free Cash Flow
SOLS
SOLS
TLN
TLN
Q4 25
$254.0M
Q3 25
$41.0M
$468.0M
Q2 25
$-217.0M
Q1 25
$101.0M
Q4 24
Q3 24
$83.0M
Q2 24
$-43.0M
Q1 24
$148.0M
FCF Margin
SOLS
SOLS
TLN
TLN
Q4 25
33.5%
Q3 25
4.2%
67.1%
Q2 25
-53.1%
Q1 25
15.4%
Q4 24
Q3 24
18.1%
Q2 24
-12.4%
Q1 24
35.6%
Capex Intensity
SOLS
SOLS
TLN
TLN
Q4 25
3.4%
Q3 25
25.6%
3.0%
Q2 25
8.1%
Q1 25
2.8%
Q4 24
Q3 24
2.8%
Q2 24
5.8%
Q1 24
6.0%
Cash Conversion
SOLS
SOLS
TLN
TLN
Q4 25
Q3 25
2.36×
Q2 25
-2.56×
Q1 25
Q4 24
Q3 24
0.57×
Q2 24
-0.05×
Q1 24
0.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SOLS
SOLS

Refrigerants$400.0M41%
Research And Performance Chemicals$126.0M13%
Electronic Materials$103.0M11%
Other$89.0M9%
Services$64.0M7%
Alternative Energy Services$63.0M7%
Safety And Defense Solutions$53.0M5%
Healthcare Packaging$49.0M5%
Affiliated Entity$22.0M2%

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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