Stock · RMD · Healthcare

ResMed Inc

United States · Large Cap · listed since 1995 · Revenue 12 mo. $5.7B

Price as of 11/06/2026

StockScorer score
7.3
of 10 8 of 11 points High Match To the score
Price
$235.30
1 Y −15.4%
Market cap
$32.7B
Phase
Growth
revenue growing, core business profitable
Revenue +10.2% a year (3 years)EBIT margin 33.8%Payout 57.7% of operating cash flow

ResMed Inc. engages in the digital health and cloud-connected medical devices business in the United States and internationally.

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ResMed Inc. engages in the digital health and cloud-connected medical devices business in the United States and internationally. It operates in two segments, Sleep and Breathing Health, and Residential Care Software. The company offers sleep recorders for the diagnosis and titration of sleep apnea in sleep clinics, hospitals, and at home, including ApneaLink Air, a portable diagnostic device that measures oximetry, respiratory effort, pulse, nasal flow, and snoring; NightOwl, a portable, cloud-connected, and disposable diagnostic device that measures AHI based on derived peripheral arterial tone, actigraphy, and oximetry; and EasyCare Tx, a sleep lab solution. It also provides AirView, a cloud-based system that enables remote monitoring and changing of patients' device settings; myAir, a personalized therapy management application for patients with sleep apnea that provides support, education, and troubleshooting tools for increased patient engagement and improved compliance; and connectivity module which provides a cellular connection between compatible ventilation devices and AirView system. In addition, the company offers Brightree solutions which are solutions and services for organizations in home medical equipment and pharmacy, orthotic and prosthetic, and home infusion; HEALTHCAREfirst solutions that offers electronic health record, software, billing and coding services, and advanced analytics that enables home health and hospice agencies to optimize clinical, financial and administrative processes; MatrixCare EHR software as a service solutions used by skilled nursing and senior living providers, life plan communities, and home health and hospice sectors; and MEDIFOX DAN software solutions that is used by residential care providers, such as home health and nursing home providers. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.

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Summary

ResMed Inc is around the middle of the Healthcare sector overall

59.1 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 8.1% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €1.5B (2026), it supports €16.4B. The remaining €12.9B of the market value assume it grows 8.1% a year for 10 years and not at all afterwards.

Required FCF growth per year

8.1%

no growth afterwards

Market value breakdown€29.3B market value, price as of 11/06/2026

€16.4B without growth
€12.9B priced-in growth
  • 5 yrs achieved 49.6%
  • 10 yrs achieved 17.6%
  • priced in 8.1%

3 signs support the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 8.1%, achieved at least 17.6%
  • High, stable gross margin median 58.1%, range 5.3 pp (10 years)
  • Low capital needs capex median 3.1% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q1 → Q2 2026

A mixed quarter: 1 figure better, 1 worse.

  • Net debt−$817.3M → −$643.3M+21.3%worse
  • Shares outstanding147M → 145M−1.4%better

4 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability77.0above the middleEarns more than the sector: FCF margin 29.18%, sector 14.12%.
MetricStockSector medianPosition in sector
Return on equity23.13%11.52%Rank 82
Return on capital (Greenblatt)52.08%32.55%Rank 70
EBIT margin33.76%18.31%Rank 91
FCF margin29.18%14.12%Rank 92
Gross margin61.06%60.99%Rank 50
Growth64.5above the middleGrows faster than the sector: Earnings growth, 5 years per year 26.34%, sector 7.00%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year9.85%8.04%Rank 60
Earnings growth, 3 years per year19.66%5.44%Rank 76
Earnings growth, 5 years per year26.34%7.00%Rank 90
Sustainable growth (ROE × retained earnings)2.76%3.66%Rank 33
Valuation63.2above the middleValued lower than the sector: Earnings yield 4.43%, sector 2.90%.
MetricStockSector medianPosition in sector
Earnings yield4.43%2.90%Rank 73
FCF yield5.05%3.63%Rank 72
EV/saleslower is better5.674.03Rank 36
EV/EBITlower is better16.7821.73Rank 73
Momentum34.9below the middleShare price doing worse than the sector: Share price, 1 year −15.35%, sector 8.66%.
MetricStockSector medianPosition in sector
Share price, 1 year−15.35%8.66%Rank 23
Share price, 6 months14.29%24.27%Rank 35
Share price, 3 months16.15%15.42%Rank 51
Distance from 52-week high−14.73%−7.35%Rank 31
Quality41.6around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better3.06%0.30%Rank 28
Change in share countlower is better−0.87%0.00%Rank 65
Dividend streak in years1310Rank 69
Price reaction to results, market-adjusted−7.45%0.05%Rank 5
Balance sheet & risk73.2above the middleLess risk than the sector: Equity ratio 73.45%, sector 48.40%.
MetricStockSector medianPosition in sector
Equity ratio73.45%48.40%Rank 83
Net debt/EBITDAlower is better−0.301.11Rank 73
Debt to equitylower is better0.130.48Rank 77
Volatility, 1 yearlower is better30.17%31.42%Rank 59

Ten years in figures

Revenue from $2.1B (2017) to $5.7B (2026), 11.8% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt
20172.120.6%$342.6M142M$256.7M
20182.323.2%$433.6M144M$92.8M
20192.622.2%$381.7M144M$1.1B
20203.027.4%$696.3M146M$836.1M
20213.228.3%$619.9M146M$498.4M
20223.628.0%$195.1M147M$643.8M
20234.226.8%$559.3M147M$1.4B
20244.728.2%$1.3B148M$635.6M
20255.132.8%$1.7B147M−$357.6M
20265.733.8%$1.6B146M−$643.3M
7.3 / 10High MatchStockScorer score8 of 11 points

5 of 7 StockScorer Score rules met · How the score is built

ResMed Inc mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 50%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How ResMed Inc's score is built

ResMed Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

5 of 7 rules met

8 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does ResMed Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • PEG Strategy (inspired by Peter Lynch)
  • Undervalued Stocks: Multi-Factor Check
  • Defensive: Low Volatility
  • Altman Z-Score: Stress Test
  • Earnings Quality: Accrual Check (Sloan)
  • Magic Formula: Value + Quality
  • Dividend Aristocrats & Continuity
  • Growth Momentum (CAN SLIM principle)
  • Trending Value: Value + Momentum
  • High-Growth / Rule of 40
  • Levermann Strategy (13 Criteria)
  • Acquirer's Multiple: EV/EBIT Deep Value

ResMed Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for ResMed Inc.

MetricStockSector
P/E ratio22.630.0
P/B ratio5.24.8
Return on equity (ROE)23.1%11.5%
Equity ratio73.4%48.4%
Debt-to-equity (D/E)0.130.48
Dividend yield1.0%1.3%

Similar stocks in Healthcare

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
RMDResMed Incthis page
WSTWest Pharmaceutical Services IncLow3.6
MDLNMedline Inc. Class A Common Stocklocked
SOLVSolventum Corp.Low3.6
BAXBaxter International Inclocked
RGENRepligen Corporationlocked

Frequently asked questions about ResMed Inc stock

How does ResMed Inc stock (RMD) score in the StockScorer model?
ResMed Inc stock reaches a StockScorer score of 7.3 out of 10, which is a high match with the rule-based strategies. 5 out of 7 flagship profile rules are met.
What is ResMed Inc's P/E ratio?
ResMed Inc's P/E ratio is 22.6. The Healthcare sector median is 30.0.
What sector is ResMed Inc in?
ResMed Inc is assigned to the Healthcare sector. Its rank within the sector is 59.1 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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