ResMed Inc. RMD SPX
ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally. The company operates in two segments, Sleep and Breathing Health, and Residential Care Software. It 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. The company 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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Strong return on equity of 25.2%.
- Healthy ROCE of 23.6%.
- Excellent profit margin of 27.4%.
- Compounding revenue at 12.9% over 5 years.
- Profit CAGR of 21.6% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 34.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | RMD ResMed Inc. SPX | 190.57 | 18.38 | $27.64B | 1.26% | 23.58% | 25.25% | 12.88% | 21.58% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Sep 2013 | Dec 2013 | Mar 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 681.06M | 736.16M | 769.46M | 751.94M | 800.01M | 768.77M | 904.01M | 894.87M | 864.50M | 950.29M | 1.03B | 1.12B | 1.10B | 1.16B | 1.20B | - | - | 1.29B | 1.35B | 1.34B | 1.42B | 1.43B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 525.33M | 527.92M | 514.76M | 544.08M | 540.43M |
| Gross Profit | 227.98M | 248.76M | 251.79M | 237.31M | 263.22M | 251.43M | 238.62M | 266.51M | 259.88M | 269.18M | 309.07M | 299.71M | 305.61M | 349.79M | 344.30M | 343.09M | 374.53M | 380.97M | 391.62M | 427.13M | 449.66M | 438.66M | 462.48M | 447.26M | 506.29M | 504.32M | 491.20M | 540.81M | 579.72M | 617.75M | 600.06M | 646.93M | 692.78M | - | - | 766.41M | 820.07M | 820.82M | 878.72M | 890.98M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 340.14M | 363.50M | 358.47M | 381.13M | 391.17M |
| Operating Income | 96.88M | 105.02M | 104.70M | 94.67M | 109.15M | 105.87M | 98.03M | 107.98M | 104.31M | 94.15M | 96.89M | 107.40M | 112.56M | 146.02M | 136.37M | 144.13M | 157.08M | 156.98M | 171.10M | 197.81M | 217.50M | 216.90M | 221.72M | 223.43M | 261.91M | 248.71M | 234.26M | 275.74M | 280.19M | 300.67M | 289.00M | 275.09M | 374.58M | - | - | 426.27M | 456.57M | 462.35M | 497.60M | 499.81M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 478.18M | 530.86M | 520.02M | 559.92M | 568.84M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 417.69M | 458.05M | 446.79M | 496.15M | 502.31M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 52.65M | 78.35M | 98.26M | 103.56M | 103.58M |
| Net Income | 80.93M | 86.64M | 89.97M | 83.26M | 91.18M | 90.98M | 82.92M | 95.58M | 90.79M | 76.11M | 76.74M | 87.82M | 86.12M | 9.53M | 110.12M | 105.74M | 124.64M | 105.42M | 120.15M | 160.55M | 163.14M | 178.37M | 179.51M | -78.48M | 203.61M | 201.75M | 179.01M | 210.48M | 224.91M | 232.50M | 219.42M | 208.80M | 300.49M | - | - | 365.04M | 379.70M | 348.54M | 392.59M | 398.73M |
| Diluted EPS | 0.56 | 0.60 | 0.63 | 0.58 | 0.64 | 0.64 | 0.58 | 0.68 | 0.64 | 0.54 | 0.54 | 0.62 | 0.60 | 0.07 | 0.76 | 0.73 | 0.86 | 0.73 | 0.83 | 1.10 | 1.12 | 1.22 | 1.23 | -0.54 | 1.39 | 1.37 | 1.22 | 1.43 | 1.53 | 1.58 | 1.49 | 1.42 | 2.04 | - | - | 2.48 | 2.58 | 2.37 | 2.68 | 2.74 |
| R&D Expense | 27.36M | 29.54M | 29.53M | 30.02M | 29.29M | 27.02M | 27.19M | 28.97M | 28.11M | 34.45M | 38.19M | 35.13M | 37.41M | 40.64M | 37.43M | 38.79M | 43.11M | 47.61M | 48.03M | 49.94M | 51.45M | 54.53M | 54.94M | 55.94M | 59.95M | 62.51M | 66.80M | 63.19M | 69.87M | 76.44M | 75.71M | 73.88M | 77.07M | 79.52M | 81.37M | 83.94M | - | 87.32M | 90.97M | 94.27M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 2.07B | 2.34B | 2.61B | 2.96B | - | 3.58B | 4.22B | 4.69B | 5.15B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.55B | 1.87B | 2.03B | 2.09B |
| Gross Profit | 553.80M | 655.48M | 741.33M | 820.74M | 940.66M | 989.79M | 1.01B | 1.07B | 1.20B | 1.33B | 1.49B | 1.72B | - | 2.02B | 2.36B | 2.66B | 3.05B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02B | 1.20B | 1.27B | 1.37B |
| Operating Income | 190.31M | 240.38M | 266.92M | 294.41M | 354.82M | 405.09M | 409.24M | 428.95M | 425.80M | 541.83M | 579.26M | 809.66M | - | 1.00B | 1.15B | 1.38B | 1.69B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.18B | 1.35B | 1.60B | 1.92B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | 23.99M | 22.31M | 47.38M | 45.71M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 960.48M | 1.10B | 1.26B | 1.68B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 181.05M | 204.11M | 243.85M | 276.84M |
| Net Income | 146.45M | 190.09M | 226.99M | 254.85M | 307.13M | 345.27M | 352.89M | 352.41M | 342.28M | 315.59M | 404.59M | 621.67M | - | 779.44M | 897.56M | 1.02B | 1.40B |
| Diluted EPS | 0.95 | 1.23 | 1.44 | 1.71 | 2.10 | 2.39 | 2.47 | 2.49 | 2.40 | 2.19 | 2.80 | 4.27 | 3.24 | 5.30 | 6.09 | 6.92 | - |
| R&D Expense | 63.06M | 75.20M | 92.01M | 109.73M | 120.12M | 118.23M | 114.86M | 118.65M | 144.47M | 155.15M | 180.65M | 201.95M | 225.28M | 253.57M | 287.64M | 307.52M | 331.28M |
Compounded Sales Growth
| 5 Years: | 12.88% |
| 1 Year: | 10.80% |
Compounded Profit Growth
| 5 Years: | 21.58% |
| 1 Year: | 10.50% |
Stock Price Performance
| 1 Year: | -21.39% |
| 6 Months: | -25.11% |
| 3 Months: | -25.41% |
| 1 Month: | -9.81% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Jun 2008 | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.63B | 2.07B | 2.14B | 2.21B | 2.36B | 2.18B | 3.26B | 3.47B | 3.06B | 4.11B | 4.59B | - | 5.10B | 6.75B | 6.87B | 8.17B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.93B | 2.37B | 2.36B | 3.51B |
| Cash & Equivalents | 321.08M | 415.65M | 488.78M | 735.27M | 809.54M | 876.05M | 905.73M | 717.25M | 731.43M | 821.93M | 188.70M | 147.13M | 463.16M | - | 273.71M | 227.89M | 238.36M | 1.21B |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 743.91M | 998.01M | 822.25M | 927.71M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 575.95M | 704.91M | 837.27M | 939.49M |
| Total Liabilities | - | - | 338.86M | 338.19M | 530.24M | 600.21M | 602.71M | 594.47M | 1.56B | 1.51B | 1.00B | 2.04B | 2.09B | - | 1.74B | 2.62B | 2.01B | 2.21B |
| Current Liabilities | - | - | 312.67M | 208.84M | 252.85M | 574.05M | 269.56M | 266.46M | 637.99M | 360.13M | 511.25M | 555.99M | 602.76M | - | 689.30M | 758.53M | 910.65M | 1.02B |
| Long Term Debt | - | - | 0 | 100.00M | 250.78M | 769.00K | 300.77M | 300.59M | 873.33M | 1.08B | - | - | - | - | 765.33M | 1.43B | 697.31M | 658.39M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 917.55M | 1.58B | 873.93M | 851.81M |
| Total Equity | - | - | - | 1.73B | 1.61B | 1.61B | 1.76B | 1.59B | 1.69B | 1.96B | 2.06B | 2.07B | 2.50B | - | 3.36B | 4.13B | 4.86B | 5.97B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 188.25M | 188.90M | 189.57M | 190.31M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 238.88M | 188.21M | 283.19M | 383.16M | 402.82M | - | - | 547.93M | 414.05M | 505.03M | 459.05M | 802.25M | - | 351.15M | 693.30M | 1.40B | 1.75B |
| Investing Cash Flow | -109.30M | -58.31M | -76.51M | -101.61M | -78.00M | - | - | -1.13B | -81.89M | -101.82M | -1.08B | -179.86M | - | -229.92M | -1.16B | -269.78M | -200.04M |
| Financing Cash Flow | 1.87M | -61.13M | -79.34M | -177.10M | -153.93M | - | - | 612.58M | -262.87M | -1.03B | 580.64M | -317.29M | - | -128.36M | 422.87M | -1.12B | -606.25M |
| Capital Expenditure | -109.69M | -56.85M | -66.61M | -47.13M | -63.58M | -72.72M | -62.50M | -58.53M | -62.22M | -62.58M | -68.71M | -95.33M | - | -156.04M | -134.00M | -114.86M | -100.64M |
| Free Cash Flow | 129.19M | 131.36M | 216.58M | 336.02M | 339.24M | - | - | 489.40M | 351.83M | 442.44M | 390.34M | 706.92M | - | 195.11M | 559.30M | 1.29B | 1.65B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -7.13M | -43.67M | 12.19M | 945.29M |
| Share Buybacks | 68.59M | 131.08M | 163.34M | 392.74M | 186.26M | 202.17M | 160.30M | 102.06M | - | 53.80M | 22.84M | - | - | 0 | 0 | 150.01M | 300.02M |
| Dividends Paid | - | - | - | - | 97.20M | 141.52M | 157.26M | 168.13M | 186.35M | 199.50M | 211.71M | 225.09M | 226.71M | 245.34M | 258.28M | 282.32M | 310.88M |
Ratios (Annual)
Figures in %.
| Metric | Jun 2009 | Jun 2010 | Jun 2011 | Jun 2012 | Jun 2013 | Jun 2014 | Jun 2015 | Jun 2016 | Jun 2017 | Jun 2018 | Jun 2019 | Jun 2020 | Jun 2021 | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 58.1% | 57.0% | 57.3% | 58.1% | - | 56.6% | 55.8% | 56.7% | 59.4% |
| Operating Margin % | - | - | - | - | - | - | - | - | 20.6% | 23.2% | 22.2% | 27.4% | - | 28.0% | 27.3% | 29.5% | 32.8% |
| Net Margin % | - | - | - | - | - | - | - | - | 16.6% | 13.5% | 15.5% | 21.0% | - | 21.8% | 21.3% | 21.8% | 27.2% |
| ROE % | - | - | 13.1% | 15.9% | 19.1% | 19.6% | 22.2% | 20.8% | 17.5% | 15.3% | 19.5% | 24.9% | - | 23.2% | 21.7% | 21.0% | 23.5% |
| ROCE % | - | 18.3% | 14.4% | 15.6% | 21.7% | 19.4% | 21.4% | 16.4% | 13.7% | 21.2% | 16.3% | 20.3% | - | 22.7% | 19.2% | 23.2% | 23.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.34% | 12.09M | $2.30B |
| 2 | Vanguard Capital Management LLC | 6.53% | 9.47M | $1.80B |
| 3 | Vanguard Portfolio Management LLC | 5.42% | 7.86M | $1.50B |
| 4 | State Street Corporation | 4.58% | 6.64M | $1.27B |
| 5 | Bank Of New York Mellon Corporation | 3.40% | 4.93M | $938.63M |
| 6 | Geode Capital Management, LLC | 3.00% | 4.35M | $829.53M |
| 7 | Morgan Stanley | 1.85% | 2.69M | $512.03M |
| 8 | Invesco Ltd. | 1.35% | 1.96M | $372.87M |
| 9 | Northern Trust Corporation | 1.19% | 1.73M | $328.87M |
| 10 | First Trust Advisors LP | 1.06% | 1.54M | $293.06M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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