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ResMed

RMD

ResMed is a global leader in the development, manufacturing, and distribution of medical devices and cloud-based software solutions for the healthcare market.

Market cap
$29.86B-20.8%
Revenue$5.5B+10.3%
Net income$1.5B+15.7%
Free cash flow$1.8B+11.8%
EPS (diluted)$10.37+16.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$1.5B
EPS estimate$2.90

Financials

Q3 2026

Income statement

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Revenue$1.4B+10.8%
Gross profit$891.0M+16.3%
Operating income$499.8M+17.3%
Net income$398.7M+9.2%
EPS (diluted)$2.74+10.5%

Balance sheet

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Cash & equivalents$1.7B+78.0%
Total debt$1.1B+29.8%
Total equity$6.5B+17.1%
Total assets$8.8B+16.1%

Cash flow

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Operating cash flow$554.1M-4.2%
CapEx$33.7M+61.8%
Free cash flow$520.5M-6.7%

Valuation & ratios

Valuation

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Market cap$29.86B-20.8%
Enterprise value$29.3B-21.5%
P/E19.7×-7.2×
P/S5.4×-1.9×

Profitability

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Gross margin61.6%+2.8pp
Operating margin34.2%+2.1pp
Net margin27.4%+1.3pp
FCF margin31.7%+0.4pp

Returns & leverage

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Return on equity25.2%-0.6pp
Debt / equity0.2×0.0×
Current ratio-0.4×

Segments

By product

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Devices$1.5B+8.8%
Sleep And Breathing Health$1.3B+11.5%
Masks and other$1.0B+15.5%
Residential Care Software$170.9M+6.0%

By geography

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Global revenue$1.4B+10.8%
U.S., Canada and Latin America$818.7M+9.3%
Combined Europe, Asia and other markets$441.8M+15.9%

By segment

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Sleep and Breathing Health$1.3B+11.5%
Residential Care Software$170.9M+6.0%

Competitors

Profile

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.

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.

GeographiesNorth America, Europe, Asia-Pacific, Latin America
Customer segmentsHealthcare Providers, Medical Equipment Distributors, Chronic Disease Patients
Business modelManufacturing, Subscription SaaS, B2B, Direct-to-Consumer
SuppliersElectronic component manufacturers, Medical-grade plastic suppliers, Cloud infrastructure providers, Logistics and freight services
CustomersSleep diagnostic centers, Home medical equipment (HME) providers, Third-party payors, Retail pharmacies
Listed1995
Employees10.1K
CEOMichael J. Farrell
Websiteresmed.com
FilingsSEC EDGAR

Questions, answered.

What is ResMed's market cap?
ResMed (RMD) has a market capitalization of $29.9B and trades on NYSE.
What is ResMed's revenue and profitability?
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.
Who are ResMed's competitors?
ResMed's key competitors include Koninklijke Philips N.V., Fisher & Paykel Healthcare, Inspire Medical Systems, and others. These companies compete in similar markets and product categories.
Who does ResMed partner with?
ResMed's notable partners include Alphabet Inc..
What subsidiaries does ResMed have?
ResMed's subsidiaries include Brightree, MatrixCare, Propeller Health.
Where is ResMed headquartered?
ResMed is headquartered in United States of America and employs approximately 10,140 people. It has been publicly traded since 1995.