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ResMed

RMDNYSEStock Fundamentals

ResMed is a global leader in the development, manufacturing, and distribution of medical devices and cloud-based software solutions for the healthcare market. The company primarily focuses on the treatment and management of sleep-disordered breathing, chronic obstructive pulmonary disease, and other chronic diseases. Its value proposition centers on improving patient outcomes and provider efficiency through connected health technologies and data-driven respiratory care.

Market Cap$29.6B
Revenue TTM$5.5B
Net Income TTM$1.5B
P/E Ratio19.49
Net Margin27.44%
EPS TTM$10.37
Free Cash Flow TTM$1.8B
Employees10.1K
CEOMichael J. Farrell
CountryUnited States of America
Healthcare
Medical - Instruments & Supplies
SegmentsMedical Devices, Health Information Technology, Respiratory Care
Business ModelsManufacturing, Subscription SaaS, B2B, Direct-to-Consumer
Most Recent EarningsApr 30, 2026 · 20 days agoQ1 2026 · FQ3 FY2026
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Next EarningsJul 30, 2026 · in 2 monthsAfter Market Close · Q2 2026 · FQ4 FY2026

Financials

Based on Q1 2026 · FQ3 FY2026 filing

Gross Margin61.59%
Op. Margin34.18%
ROE25.25%
D/E21.0%
Current Ratio3.01
Total Debt$1.4B
Cash$1.7B
CapEx TTM$135.7M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Sleep and Respiratory Care Devices

primary

This segment focuses on the design and manufacture of medical hardware used to treat obstructive sleep apnea and chronic respiratory conditions. It includes continuous positive airway pressure machines and bilevel devices that provide ventilation support.

Products

AirSense, AirCurve, Lumis, AirMini, Astral, Stellar

Customers

Home medical equipment providers, Sleep clinics, Hospitals, Retail consumers

Masks and Accessories

major

This segment provides the essential interfaces and consumables required for effective pressure therapy. It includes a wide range of nasal, full-face, and pillows masks designed for patient comfort and compliance.

Products

AirFit, AirTouch, Swift FX, Mirage

Customers

Individual patients, Sleep labs, Distributors

Software as a Service (SaaS)

moderate

This segment provides cloud-based business management and patient monitoring software for out-of-hospital care settings. These solutions help providers manage workflows, billing, and patient compliance tracking.

Products

AirView, myAir, Brightree, MatrixCare

Customers

Home health agencies, Hospice providers, Skilled nursing facilities, Durable medical equipment suppliers

Segment Financials

Sleep and Breathing Health — Net revenue

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Sleep And Breathing Health — R&D

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Sleep And Breathing Health — Cost of Sales

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Masks and other — Net revenue by segment

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Residential Care Software — Cost of Sales

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Residential Care Software — Net revenue

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Residential Care Software — Selling, general, and administrative

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Business Overview

Competitive Position

ResMed is a dominant global player in the sleep apnea market, characterized by high R&D investment and a massive installed base of cloud-connected devices.

Geographies

North America, Europe, Asia-Pacific, Latin America

Customer Segments

Healthcare Providers, Medical Equipment Distributors, Chronic Disease Patients

Upstream Dependencies

Electronic component manufacturers, Medical-grade plastic suppliers, Cloud infrastructure providers, Logistics and freight services

Downstream Customers

Sleep diagnostic centers, Home medical equipment (HME) providers, Third-party payors, Retail pharmacies

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ResMed FAQ

Common questions about ResMed

ResMed is a global leader in the development, manufacturing, and distribution of medical devices and cloud-based software solutions for the healthcare market. The company primarily focuses on the treatment and management of sleep-disordered breathing, chronic obstructive pulmonary disease, and other chronic diseases. Its value proposition centers on improving patient outcomes and provider efficiency through connected health technologies and data-driven respiratory care.

ResMed (RMD) has a market capitalization of $29.6B and trades on NYSE.

ResMed generated $5.5B in trailing twelve-month revenue with net income of $1.5B, representing a net margin of 27.4%. Gross margin stands at 61.6%, with free cash flow of $1.8B. These figures are based on the Q1 2026 filing.

ResMed's key competitors include Koninklijke Philips N.V., Inspire Medical Systems, Eli Lilly and Company, and others. These companies compete in similar markets and product categories.

ResMed has approximately 10,140 employees.