NYSE : RMD
ResMed Inc. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 229.94 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 32.34B
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Financial statements
ResMed Inc. (RMD) reported revenue of 5.73B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 5.73B | 5.65B | 5.15B | 4.69B | 4.22B | 3.58B |
| Cost of Revenue | 2.19B | 2.17B | 2.06B | 2.00B | 1.84B | 1.51B |
| Gross Profit | 3.54B | 3.48B | 3.09B | 2.69B | 2.39B | 2.06B |
| Selling, General & Admin | 1.12B | 1.11B | 991.02M | 917.14M | 874.00M | 737.51M |
| Research & Development | 392.49M | 378.29M | 331.28M | 307.52M | 287.64M | 253.57M |
| Amortization of Goodwill & Intangibles | 77.25M | 77.25M | 77.39M | 79.48M | 72.42M | 70.73M |
| Operating Expenses | 1.59B | 1.56B | 1.40B | 1.30B | 1.23B | 1.06B |
| Operating Income | 1.95B | 1.92B | 1.69B | 1.38B | 1.15B | 1.00B |
| Interest Expense | -585.00K | -49.72M | -51.13M | -22.31M | ||
| Interest & Investment Income | 52.30M | 44.71M | ||||
| Earnings From Equity Investments | 7.35M | 6.96M | 3.64M | -1.85M | -7.26M | -8.49M |
| Currency Exchange Gain (Loss) | -7.29M | -8.61M | -2.39M | -139.00K | -450.00K | 2.81M |
| Other Non Operating Income (Expenses) | 7.58M | 4.66M | 1.83M | 655.00K | -1.51M | 388.00K |
| EBT Excluding Unusual Items | 2.01B | 1.97B | 1.69B | 1.33B | 1.09B | 974.55M |
| Merger & Restructuring Charges | -57.08M | -33.23M | -2.03M | -64.23M | -20.13M | -1.86M |
| Gain (Loss) on Sale of Investments | -3.10M | -15.01M | -10.30M | -4.04M | 9.92M | -12.20M |
| Pretax Income | 2.01B | 1.92B | 1.68B | 1.26B | 1.10B | 960.48M |
| Income Tax Expense | 418.61M | 396.12M | 276.84M | 243.85M | 204.11M | 181.05M |
| Net Income | 1.59B | 1.52B | 1.40B | 1.02B | 897.56M | 779.44M |
| Net Income to Common | 1.59B | 1.52B | 1.40B | 1.02B | 897.56M | 779.44M |
| Shares Outstanding (Basic) | 144.72M | 145.52M | 146.72M | 147.02M | 146.76M | 146.07M |
| Shares Outstanding (Diluted) | 145.18M | 146.05M | 147.34M | 147.55M | 147.46M | 147.04M |
| EPS (Basic) | 11.01 | 10.47 | 9.55 | 6.94 | 6.12 | 5.34 |
| EPS (Diluted) | 10.98 | 10.43 | 9.51 | 6.92 | 6.09 | 5.30 |
| Free Cash Flow | 1.61B | 1.65B | 1.66B | 1.30B | 573.63M | 216.31M |
| Free Cash Flow Per Share | 11.08 | 11.29 | 11.28 | 8.82 | 3.89 | 1.47 |
| Dividend Per Share | 2.46 | 2.40 | 2.12 | 1.92 | 1.76 | 1.68 |
| Gross Margin | 61.77% | 61.62% | 59.99% | 57.38% | 56.50% | 57.68% |
| Operating Margin | 34.02% | 33.96% | 32.79% | 29.54% | 27.28% | 28.01% |
| Profit Margin | 27.79% | 26.95% | 27.22% | 21.79% | 21.25% | 21.78% |
| Free Cash Flow Margin | 28.07% | 29.18% | 32.29% | 27.79% | 13.58% | 6.04% |
| EBITDA | 2.13B | 2.10B | 1.86B | 1.53B | 1.29B | 1.13B |
| EBITDA Margin | 37.09% | 37.07% | 36.15% | 32.73% | 30.60% | 31.47% |
| D&A For EBITDA | 176.27M | 175.83M | 173.00M | 149.42M | 140.10M | 124.06M |
| EBIT | 1.95B | 1.92B | 1.69B | 1.38B | 1.15B | 1.00B |
| EBIT Margin | 34.02% | 33.96% | 32.79% | 29.54% | 27.28% | 28.01% |
| Effective Tax Rate | 20.81% | 20.64% | 16.50% | 19.28% | 18.53% | 18.85% |
| Revenue as Reported | 5.73B | 5.65B | 5.15B | 4.69B | 4.22B | 3.58B |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.01B | 1.47B | 1.21B | 238.36M | 227.89M | 273.71M |
| Short-Term Investments | 9.17M | |||||
| Cash & Short-Term Investments | 1.01B | 1.47B | 1.21B | 238.36M | 227.89M | 282.88M |
| Receivables | 1.02B | 1.08B | 990.67M | 875.46M | 704.91M | 601.64M |
| Inventory | 1.05B | 972.98M | 975.96M | 994.45M | 1.14B | 851.20M |
| Prepaid Expenses | 260.71M | 340.18M | 329.53M | 249.45M | 293.93M | 195.61M |
| Other Current Assets | 159.87M | 457.39M | 151.00K | |||
| Total Current Assets | 3.51B | 4.32B | 3.51B | 2.36B | 2.37B | 1.93B |
| Property, Plant & Equipment | 798.48M | 735.00M | 718.29M | 699.15M | 665.81M | 630.50M |
| Long-Term Investments | 152.13M | 157.38M | 139.82M | 139.20M | 134.11M | 49.21M |
| Goodwill | 2.91B | 2.91B | 3.05B | 2.84B | 2.77B | 1.94B |
| Other Intangible Assets | 442.68M | 452.74M | 464.86M | 485.90M | 552.34M | 345.94M |
| Long-Term Accounts Receivable | 13.54M | 14.05M | 14.58M | 18.45M | 10.08M | 8.84M |
| Long-Term Deferred Tax Assets | 344.85M | 329.25M | 253.12M | 203.57M | 132.97M | 79.75M |
| Other Long-Term Assets | 42.99M | 43.22M | 31.44M | 126.35M | 118.26M | 113.70M |
| Total Assets | 8.21B | 8.97B | 8.17B | 6.87B | 6.75B | 5.10B |
| Accounts Payable | 320.68M | 308.92M | 278.16M | 237.73M | 150.76M | 159.25M |
| Accrued Expenses | 466.62M | 438.57M | 362.33M | 337.89M | 328.48M | 316.89M |
| Current Portion of Long-Term Debt | 159.97M | 259.95M | 9.90M | 9.90M | 9.90M | 9.92M |
| Current Portion of Leases | 31.53M | 29.14M | 30.51M | 25.28M | 21.92M | 21.86M |
| Current Income Taxes Payable | 160.23M | 98.11M | 132.27M | 107.52M | 72.22M | 44.89M |
| Current Unearned Revenue | 171.65M | 162.91M | 166.03M | 152.55M | 138.07M | 108.67M |
| Other Current Liabilities | 13.55M | 97.51M | 39.92M | 39.79M | 37.18M | 27.84M |
| Total Current Liabilities | 1.32B | 1.40B | 1.02B | 910.65M | 758.53M | 689.30M |
| Long-Term Debt | 249.63M | 399.42M | 658.39M | 697.31M | 1.43B | 765.33M |
| Long-Term Leases | 169.45M | 137.41M | 153.01M | 141.44M | 116.85M | 120.45M |
| Long-Term Unearned Revenue | 174.21M | 170.95M | 156.80M | 137.34M | 119.19M | 95.45M |
| Long-Term Deferred Tax Liabilities | 62.65M | 64.64M | 77.68M | 79.34M | 90.65M | 9.71M |
| Other Long-Term Liabilities | 283.96M | 213.03M | 141.52M | 42.26M | 105.35M | 54.86M |
| Total Liabilities | 2.26B | 2.38B | 2.21B | 2.01B | 2.62B | 1.74B |
| Common Stock | 764.00K | 764.00K | 761.00K | 588.00K | 588.00K | 586.00K |
| Additional Paid-In Capital | 2.13B | 2.19B | 2.03B | 1.90B | 1.77B | 1.68B |
| Retained Earnings | 7.58B | 7.26B | 6.08B | 4.99B | 4.25B | 3.61B |
| Treasury Stock | -3.63B | -2.78B | -2.07B | -1.77B | -1.62B | -1.62B |
| Comprehensive Income & Other | -131.74M | -82.52M | -74.70M | -251.53M | -272.53M | -312.75M |
| Shareholders' Equity | 5.95B | 6.59B | 5.97B | 4.86B | 4.13B | 3.36B |
| Total Liabilities & Equity | 8.21B | 8.97B | 8.17B | 6.87B | 6.75B | 5.10B |
| Total Debt | 610.58M | 825.92M | 851.81M | 873.93M | 1.58B | 917.55M |
| Net Cash (Debt) | 400.16M | 643.32M | 357.64M | -635.57M | -1.35B | -634.67M |
| Net Cash Per Share | 2.76 | 4.40 | 2.43 | -4.31 | -9.17 | -4.32 |
| Filing Date Shares Outstanding | 140.66M | 144.25M | 146.41M | 146.93M | 147.07M | 146.42M |
| Total Common Shares Outstanding | 140.64M | 144.24M | 146.39M | 146.90M | 147.06M | 146.41M |
| Working Capital | 2.18B | 2.93B | 2.49B | 1.45B | 1.61B | 1.24B |
| Book Value Per Share | 42.29 | 45.66 | 40.77 | 33.11 | 28.08 | 22.95 |
| Tangible Book Value | 2.60B | 3.22B | 2.46B | 1.54B | 807.26M | 1.08B |
| Tangible Book Value Per Share | 18.46 | 22.35 | 16.78 | 10.46 | 5.49 | 7.37 |
| Land | 53.57M | 51.68M | 51.98M | 52.05M | 51.86M | |
| Buildings | 236.04M | 230.63M | 231.06M | 231.02M | 229.50M | |
| Machinery | 883.99M | 849.74M | 889.85M | 831.29M | 769.07M | |
| Leasehold Improvements | 159.22M | 124.05M | 102.10M | 91.50M | 80.86M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 1.59B | 1.52B | 1.40B | 1.02B | 897.56M | 779.44M |
| Depreciation & Amortization | 219.20M | 218.64M | 210.34M | 188.76M | 172.51M | 158.30M |
| Other Amortization | 19.11M | 25.51M | 25.47M | 27.45M | 25.06M | 35.55M |
| Asset Writedown & Restructuring Costs | 6.24M | 33.24M | 9.18M | |||
| Loss (Gain) From Sale of Investments | -1.25M | 10.66M | 10.30M | 4.04M | -9.92M | 12.20M |
| Loss (Gain) on Equity Investments | -2.78M | -2.38M | -3.64M | 1.85M | 10.14M | 8.49M |
| Stock-Based Compensation | 112.66M | 104.35M | 91.66M | 80.18M | 71.14M | 65.26M |
| Other Operating Activities | -20.23M | |||||
| Change in Accounts Receivable | -61.91M | -96.78M | -76.68M | -134.28M | -106.51M | 19.35M |
| Change in Inventory | -67.02M | -9.92M | -80.17M | 172.20M | -248.83M | -311.68M |
| Change in Accounts Payable | 227.84M | 172.72M | 90.96M | 122.07M | 31.34M | -247.63M |
| Change in Other Net Operating Assets | -212.56M | -140.26M | 82.63M | -115.21M | -138.12M | -168.11M |
| Operating Cash Flow | 1.77B | 1.81B | 1.75B | 1.40B | 693.30M | 351.15M |
| Capital Expenditures | -162.06M | -156.28M | -89.86M | -99.46M | -119.67M | -134.84M |
| Cash Acquisitions | -357.69M | -350.72M | -139.25M | -133.46M | -1.01B | -42.78M |
| Sale (Purchase) of Intangibles | -20.51M | -20.89M | -10.78M | -15.40M | -14.33M | -21.20M |
| Investment in Securities | -26.33M | -25.78M | -1.79M | -11.77M | -28.29M | -13.92M |
| Other Investing Activities | 15.20M | 8.48M | 41.63M | -9.70M | 15.20M | -17.18M |
| Investing Cash Flow | -100.57M | -545.20M | -200.04M | -269.78M | -1.16B | -229.92M |
| Long-Term Debt Issued | 105.00M | 1.07B | 288.00M | |||
| Long-Term Debt Repaid | -10.00M | -40.00M | -835.00M | -405.00M | -166.00M | |
| Net Debt Issued (Repaid) | -260.00M | -10.00M | -40.00M | -730.00M | 665.00M | 122.00M |
| Issuance of Common Stock | 69.95M | 74.50M | 74.44M | 53.09M | 49.14M | 47.38M |
| Repurchase of Common Stock | -1.51B | -721.87M | -318.10M | -158.77M | -30.63M | -52.41M |
| Common Dividends Paid | -356.87M | -349.66M | -310.88M | -282.32M | -258.28M | -245.34M |
| Other Financing Activities | -11.71M | -1.29M | -2.36M | |||
| Financing Cash Flow | -2.05B | -1.01B | -606.25M | -1.12B | 422.87M | -128.36M |
| Foreign Exchange Rate Adjustments | 11.29M | 6.18M | 25.80M | -1.72M | -2.15M | -14.43M |
| Net Cash Flow | -373.11M | 259.78M | 971.09M | 10.47M | -45.82M | -21.57M |
| Free Cash Flow | 1.61B | 1.65B | 1.66B | 1.30B | 573.63M | 216.31M |
| Free Cash Flow Margin | 28.07% | 29.18% | 32.29% | 27.79% | 13.58% | 6.04% |
| Free Cash Flow Per Share | 11.08 | 11.29 | 11.28 | 8.82 | 3.89 | 1.47 |
| Levered Free Cash Flow | 1.30B | 939.25M | 1.21B | 1.18B | 400.59M | 127.68M |
| Unlevered Free Cash Flow | 1.30B | 939.25M | 1.21B | 1.22B | 432.55M | 141.63M |
| Cash Interest Paid | 24.78M | 27.06M | 28.41M | 45.71M | 47.38M | 22.31M |
| Cash Income Tax Paid | 367.15M | 357.17M | 214.01M | 278.40M | 216.87M | 478.12M |
| Change in Working Capital | -113.65M | -74.24M | 16.74M | 44.78M | -462.13M | -708.08M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 32.20B | 28.14B | 37.76B | 28.12B | 32.13B | 30.69B |
| Enterprise Value | 31.80B | 27.33B | 37.67B | 29.02B | 33.62B | 31.30B |
| Last Close Price | 229.94 | 194.32 | 254.77 | 187.34 | 211.59 | 201.43 |
| PE Ratio | 20.85 | 18.48 | 26.96 | 27.54 | 35.80 | 39.38 |
| Forward PE | 18.50 | 16.42 | 25.32 | 22.86 | 30.82 | 34.10 |
| PS Ratio | 5.64 | 4.98 | 7.34 | 6.00 | 7.61 | 8.58 |
| PB Ratio | 5.44 | 4.27 | 6.33 | 5.78 | 7.78 | 9.13 |
| P/TBV Ratio | 12.45 | 8.73 | 15.37 | 18.30 | 39.80 | 28.46 |
| P/FCF Ratio | 20.10 | 17.06 | 22.73 | 21.60 | 56.02 | 141.88 |
| P/OCF Ratio | 18.26 | 15.59 | 21.56 | 20.07 | 46.35 | 87.40 |
| PEG Ratio | 2.29 | 1.16 | 1.65 | 1.54 | 2.39 | 2.45 |
| EV/Sales Ratio | 5.57 | 4.83 | 7.32 | 6.20 | 7.96 | 8.75 |
| EV/EBITDA Ratio | 15.02 | 13.04 | 20.25 | 18.93 | 26.02 | 27.80 |
| EV/EBIT Ratio | 16.38 | 14.23 | 22.32 | 20.97 | 29.18 | 31.24 |
| EV/FCF Ratio | 19.85 | 16.57 | 22.67 | 22.30 | 58.60 | 144.71 |
| Debt / Equity Ratio | 0.10 | 0.12 | 0.14 | 0.18 | 0.38 | 0.27 |
| Debt / EBITDA Ratio | 0.28 | 0.39 | 0.45 | 0.56 | 1.19 | 0.79 |
| Debt / FCF Ratio | 0.38 | 0.50 | 0.51 | 0.67 | 2.75 | 4.24 |
| Net Debt / Equity Ratio | -0.07 | -0.10 | -0.06 | 0.13 | 0.33 | 0.19 |
| Net Debt / EBITDA Ratio | -0.19 | -0.31 | -0.19 | 0.41 | 1.05 | 0.56 |
| Net Debt / FCF Ratio | -0.25 | -0.39 | -0.21 | 0.49 | 2.36 | 2.93 |
| Asset Turnover | 0.69 | 0.66 | 0.68 | 0.69 | 0.71 | 0.73 |
| Inventory Turnover | 2.17 | 2.23 | 2.09 | 1.87 | 1.84 | 2.30 |
| Quick Ratio | 1.54 | 1.83 | 2.16 | 1.22 | 1.23 | 1.28 |
| Current Ratio | 2.65 | 3.10 | 3.44 | 2.59 | 3.12 | 2.80 |
| Return on Equity (ROE) | 26.40% | 24.27% | 25.86% | 22.70% | 23.96% | 24.96% |
| Return on Assets (ROA) | 14.76% | 14.00% | 14.02% | 12.70% | 12.15% | 12.75% |
| Return on Invested Capital (ROIC) | 26.88% | 26.38% | 25.36% | 20.35% | 19.81% | 22.04% |
| Return on Capital Employed (ROCE) | 28.30% | 25.40% | 23.60% | 23.20% | 19.20% | 22.70% |
| Earnings Yield | 4.80% | 5.41% | 3.71% | 3.63% | 2.79% | 2.54% |
| FCF Yield | 4.97% | 5.86% | 4.40% | 4.63% | 1.79% | 0.70% |
| Dividend Yield | 1.15% | 1.23% | 0.82% | 1.00% | 0.81% | 0.80% |
| Payout Ratio | 24.05% | 22.95% | 22.19% | 27.65% | 28.78% | 31.48% |
| Buyback Yield / Dilution | 1.35% | 0.87% | 0.14% | -0.06% | -0.28% | -0.40% |
| Total Shareholder Return | 2.50% | 2.10% | 0.96% | 0.94% | 0.53% | 0.40% |