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ResMed RMD Operating margin

Operating margin at other companies

Stryker logo
StrykerSYK
19.7%+4.4pp
Insmed logo
InsmedINSM
-140.6%-43.9pp
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
12.6%-1.1pp
Boston Scientific logo
Boston ScientificBSX
18.4%+2.2pp
Intuitive Surgical logo
Intuitive SurgicalISRG
30.5%+2.3pp
Abbott logo
AbbottABT
17.1%+0.2pp

Other financials

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

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Market cap$27.02B-0.5%
Enterprise value$26.47B-2.0%
P/E17.8×-2.9×
P/S4.9×-0.5×

Profitability

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Gross margin61.6%+2.8pp
Net margin27.4%+1.3pp

Returns & leverage

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

Where this comes from

Calculated from ResMed’s reported figures.

Based on trailing twelve months.

The official record: ResMed’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ResMed's operating margin?
ResMed (RMD) reported operating margin of 34.2% in Q1 2026.
How has ResMed's operating margin changed year-over-year?
ResMed's operating margin increased by 6.5% year-over-year, from 32.1% to 34.2%.
What is the long-term trend for ResMed's operating margin?
Over 4 years (2021 to 2025), ResMed's operating margin has grown at a 2.6% compound annual growth rate (CAGR), from 113.6% to 126%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.