RMD

ResMed
D

RMD

Arincen97/100B

If you had invested in ResMed ago, it would be worth $4,577 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

97/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

ResMed key facts

Style
Value stock · 8.1/10Growth 5.2 · Value 8.1 · Dividend 4.2
Day range
232.045 – 236.720
52-week range
180.270 – 277.670
Market capitalization
33.09B USD
P/E
21.41
PEG ratio
2.05
EPS
10.99
Div Yield
1.12%
EPS growth forecast (FY2027)
+8.6%
Volume
92,914
Beta
0.76
Sector
Healthcare
Industry
Medical - Instruments & Supplies
CEO
Michael J. Farrell
Employees
11K
Website
resmed.com
IPO date
2 Jun 1995

ResMed earnings

Next earnings · Q2 FY2027
EPS estimate
3.03 USD
Revenue estimate
1.46B USD
Last quarter · Q1 FY2027
EPS2.91Beat +8.2%Revenue1.41BBeat +1.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20283.33———1.55B———
Q2 FY20283.31——+9.20%1.55B——+6.78%
Q1 FY20283.07——+5.65%1.47B——+4.10%
Q2 FY20273.03——+7.83%1.46B——+2.28%
Q1 FY20272.692.91+8.18%+14.12%1.39B1.41B+1.47%+5.93%
Q4 FY20262.892.95+2.08%+15.69%1.46B1.46B+0.16%+8.58%
Q3 FY20262.802.86+2.14%+20.68%1.42B1.43B+0.81%+10.81%
Q2 FY20262.742.81+2.55%+15.64%1.40B1.42B+1.59%+10.98%
Q1 FY20262.512.55+1.59%+15.91%1.33B1.34B+0.17%+9.07%
Q4 FY20252.462.55+3.66%+22.60%1.33B1.35B+1.32%+10.20%

ResMed analyst forecast

12-month price target
246.89 USD
+4.95%

Analysts' 1-year price targets range from 213.00 to 300.00, with an average of 246.89.

Past year
1-year forecast
Strong sellStrong buy
Hold
11 ratings
Strong buy
0
Buy
3
Hold
8
Sell
0
Strong sell
0

12-month price target

Highest target300.00
Average target246.89
Lowest target213.00
Current price235.26

ResMed valuation

Price to earnings ratio (TTM)
21.41
Forward P/E (FY2027)
19.40
Price to sales (TTM)
5.77
Price to book
5.56
EV / EBITDA (TTM)
14.60

Capital structure

Market capitalization
33.09B USD
+
Total debt
610.58M USD
−
Cash and short-term investments
1.01B USD
=
Enterprise value
32.69B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)16.23————
FY2028 (est.)17.7716.23———
FY2027 (est.)19.4017.77———
Now (TTM)21.4118.795.775.5614.60
FY202618.6716.074.994.2812.80
FY202527.0223.197.366.3419.60
FY202426.9420.165.875.6518.34
FY202335.7028.857.597.7624.58
FY202239.2632.228.569.1126.57

ResMed against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Medline, West Pharmaceutical Services, Becton, Dickinson and, Solventum, Baxter International, and The Cooper Companies, the US Medical - Instruments & Supplies companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median21.4
    17.675.4
  • Gross marginHighest in 5 years61.1%
    55.8%61.1%
    Against its peers: 1 of 7Peers' median 41.6%
  • Operating marginHighest in 5 years33.8%
    26.8%33.8%
    Against its peers: 1 of 7Peers' median 14.1%
  • Net marginAbove its median26.9%
    21.3%27.2%
    Against its peers: 1 of 7Peers' median 7.5%
  • Return on equityAt its median23.1%
    21.0%23.5%
    Against its peers: 2 of 7Peers' median 7.7%
  • Free cash flow marginAbove its median29.2%
    5.5%32.3%
    Against its peers: 1 of 7Peers' median 7.6%
  • Revenue growthBelow its median9.9%
    9.8%18.0%
    Against its peers: 2 of 7Peers' median 5.4%
  • EPS growthLowest in 5 years9.4%
    9.4%63.6%
    Against its peers: 2 of 6Peers' median -4.6%
  • Debt to EBITDALowest in 5 years0.38×
    0.38×1.16×
    Against its peers: 1 of 7Peers' median 2.88×
  • Current ratioAt its median3.10
    2.593.44
    Against its peers: 3 of 7Peers' median 2.67

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

ResMed growth and profitability

Revenue (TTM)
5.73B USD
Net income (TTM)
1.59B USD
Gross margin
61.18%
Operating margin
33.13%
Net margin
27.79%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20265.65B+9.85%1.52B+8.75%61.06%33.76%26.94%2.15B+12.50%
FY20255.15B+9.84%1.40B+37.20%59.36%32.75%27.22%1.91B+24.77%
FY20244.69B+10.95%1.02B+13.75%56.67%28.17%21.79%1.53B+12.77%
FY20234.22B+18.02%897.56M+15.15%55.78%26.80%21.25%1.36B+15.57%
FY20223.58B+11.93%779.44M+64.26%56.57%27.96%21.78%1.18B+6.59%

ResMed revenue breakdown

By product

FY2024
Sleep And Respiratory: 87.5%Software As Service: 12.5%87.5%Sleep And Respiratory12.5%Software As Service
SegmentRevenueShare of revenueChange on the year
Sleep And Respiratory4.10B87.5%+10.1%
Software As Service584.13M12.5%+17.3%

By region

FY2024
U [S]: 63.6%Global: 36.4%63.6%U [S]36.4%Global
RegionRevenueShare of revenueChange on the year
U [S]2.98B63.6%—
Global1.71B36.4%—

How ResMed makes its money

Revenue5.65B 100.0%
Cost of revenue2.20B 38.9%
Gross profit3.45B 61.1%
Research and development378.29M 6.7%
Selling and administration1.12B 19.8%
Other operating expenses45.47M 0.8%
Operating income1.91B 33.8%
Tax396.12M 7.0%
Net income1.52B 26.9%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

ResMed dividends

Annual dividend
2.64 USD
Dividend yield (indicated)
1.12%
Payout ratio
28.39%
Years of dividend growth
14
Frequency
Quarterly
Last payment
0.66 USD
Last ex-dividend date
11 Nov 2026
Last payment date
17 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.262.021.841.721.621.561.521.441.361.26

ResMed financial health

Cash and short-term investments
1.01B USD
Total debt
610.58M USD
Net cash
400.16M USD
Free cash flow (TTM)
2.85B USD
Current ratio
2.65
Debt to equity
0.10
Piotroski score
7 / 9
Altman Z-score
12.04

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20261.47B825.92M1.65B
FY20251.21B851.81M1.66B
FY2024238.36M873.94M1.29B
FY2023227.89M1.58B559.30M
FY2022273.71M917.55M195.11M

ResMed ownership

Institutions
69.91%
Institutional holders
921 (-51)
Free float
99.06%

Who owns the shares

Institutions 69.9% Others 30.1%
As of 30 Jun 2026

Shares free to trade

Free float 139.33M shares ·99.1% Closely held 1.32M shares ·0.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026014.99K9.98K
Q3 20260547.28K38.92K
Q2 20260514.97K32.95K
Q1 202601114.97K39.05K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026144.71M144.98M-1.60%
FY2025146.72M147.34M-0.14%
FY2024147.02M147.55M+0.06%
FY2023146.77M147.46M+0.28%
FY2022146.07M147.04M+0.40%

Source: Financial Modeling Prep

Related Instruments

Title: ResMed

Sector: Healthcare
Industry: Medical - Instruments & Supplies
ResMed makes continuous positive airway pressure devices and the masks used to treat obstructive sleep apnea, a condition in which the airway repeatedly collapses during sleep. Devices make up about half of revenue, masks and accessories close to 40%, and residential care software the remainder. Growth depends on diagnosing more of the large untreated sleep apnea population and moving them onto therapy. The Americas contribute about two-thirds of device and mask revenue, with most of the rest from Europe, Japan, and Australia.

Common questions about ResMed stock

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