ResMed RMD Ratios & Valuation
| Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 61.6%+2.8pp | 60.9%+2.5pp | 60.1%+2.4pp | 59.4%+2.7pp | 58.8%+3.0pp | |
| Operating margin | 34.2%+2.1pp | 33.7%+2.0pp | 33.2%+3.7pp | 32.7%+4.6pp | 32.1%+5.6pp | |
| Net margin | 27.4%+1.3pp | 27.5%+2.2pp | 27.4%+4.2pp | 27.2%+5.4pp | 26.2%+5.2pp | |
| EBITDA margin | 38.2%+2.5pp | 37.5%+2.2pp | 37%+3.8pp | 36.6%+4.7pp | 35.7%+5.3pp | |
| Free cash flow margin | 31.7%+0.4pp | 33.2%+4.9pp | 33.6%+5.5pp | 32.3%+4.5pp | 31.2%+7.5pp | |
| Returns | ||||||
| Return on equity | 25.2%-0.6pp | 25.7%0.0pp | 25.4%+1.8pp | 25.9%+3.2pp | 25.8%+3.4pp | |
| Return on assets | 18.6%+0.3pp | 19%+1.2pp | 18.5%+2.6pp | 18.6%+3.6pp | 18.3%+4.1pp | |
| Return on invested capital | 26.5%+2.2pp | 25.6%+3.1pp | 25.1%+4.6pp | 25.3%+5.9pp | 24.3%+6.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Inventory turnover | 2.4×-0.1× | 2.3×+0.1× | 2.3×+0.1× | 2.4×+0.2× | 2.4×+0.2× | |
| Liquidity | ||||||
| Current ratio | 3×-0.4× | 3.1×-0.3× | 2.9×0.0× | 3.4×+0.9× | 3.4×+0.4× | |
| Quick ratio | 2.3×-0.2× | 2.3×0.0× | 2.1×+0.2× | 2.5×+0.8× | 2.5×+0.5× | |
| Cash ratio | 1.2×+0.2× | 1.1×+0.5× | 1.1×+0.6× | 1.2×+0.9× | 1×+0.7× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.1×0.0× | 0.2×-0.1× | |
| Debt-to-assets | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×-0.1× | |
| Net debt / EBITDA | -0.3×-0.2× | -0.2×-0.3× | -0.1×-0.4× | -0.2×-0.6× | -0×-0.7× | |
| Interest coverage | 54.4×— | 78.1×— | 119.8×— | 409.7×— | —— | |
| Per Share | ||||||
| Book value per share | $44.55+18.3% | $43.18+21.2% | $41.67+18.4% | $40.50+22.9% | $37.67+20.0% | |
| Valuation | ||||||
| Market capitalization | $32.7B-0.5% | $35.16B+4.7% | $40.08B+11.7% | $37.52B+33.4% | $32.88B+13.0% | |
| Enterprise value | $32.14B-2.0% | $34.85B+2.8% | $39.8B+9.6% | $37.18B+29.2% | $32.79B+9.2% | |
| Price / earnings | 21.5×-3.5× | 23.7×-3.2× | 27.9×-4.4× | 26.8×-0.8× | 25×-5.3× | |
| Price / sales | 5.9×-0.6× | 6.5×-0.3× | 7.6×+0.2× | 7.3×+1.3× | 6.5×+0.2× | |
| Price / book | 5×-0.9× | 5.6×-0.8× | 6.5×-0.4× | 6.3×+0.5× | 5.9×-0.4× | |
| EV / EBITDA | 15.2×-3.1× | 17.2×-2.3× | 20.5×-2.3× | 19.7×+0.5× | 18.3×-3.2× | |
| EV / sales | 5.8×-0.7× | 6.5×-0.4× | 7.6×0.0× | 7.2×+1.1× | 6.5×0.0× | |
| Free cash flow yield | 5.4%+0.6pp | 5.1%+1.0pp | 4.4%+0.6pp | 4.4%-0.2pp | 4.8%+1.0pp | |
| Earnings yield | 4.6%+0.7pp | 4.2%+0.5pp | 3.6%+0.5pp | 3.7%+0.1pp | 4%+0.7pp | |
| Dividend yield | 1%+0.1pp | 0.9%+0.1pp | 0.8%0.0pp | 0.8%-0.2pp | 0.9%0.0pp | |
| PEG ratio | 1.4×+0.7× | 1.2×+0.6× | 1×-0.5× | 0.7×-1.3× | 0.7×-2.1× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are ResMed's profit margins?
- ResMed (RMD) runs a 61.6% gross margin and a 34.2% operating margin, with a 27.4% net margin.
- Where do ResMed's ratios come from?
- Every ratio is computed from ResMed's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
