TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

RMD stock analysis: ResMed

ResMed (RMD) is an S&P 500 company in Health Care Equipment. It grades weakest on momentum.

The model's view of RMD · subscribers

Where RMD ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with RMD · updated 2026-10-05 · from prices and SEC filings

RMD price performance

RMD against the S&P 500, one year
-20%+0%+20%S&P 500 +18%RMD -17%2025-09-292026-10-05
Year to date-6.7%S&P 500 +14.5% · behind by 21.2 pts
1 year-19.1%S&P 500 +17.0% · behind by 36.2 pts
3 years+57.8%S&P 500 +89.3% · behind by 31.5 pts
5 years-9.6%S&P 500 +91.3% · behind by 100.9 pts

Total returns with dividends reinvested.

RMD factor grades

Each grade compares RMD with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B-ValueP/E 21.4x (industry 28.8x)FCF yield 5.1% (industry 4.4%)
CGrowthRevenue growth +10% (industry +9%)EPS growth +10% (industry +11%)
B+ProfitabilityOperating margin 33.4% (industry 18.5%)ROIC 25.9% (industry 11.1%)
D+Momentum12-month change -19%From 52-wk high -20%

RMD in plain numbers

RMD key statistics

SectorHealth Care
IndustryHealth Care Equipment
IndexS&P 500
Market value$32.1B
Revenue growth (y/y)+10%
Free-cash-flow yield5.1%
Dividend yield1.1%
Next earnings (expected)2026-10-29
Valuation measures
Market value$32.1B
Enterprise value$31.3B
P/E (trailing)21.4x
Forward P/E (Torvanta estimate)20.1x
PEG (Torvanta estimate)3.19
Price / sales5.7x
Price / book4.9x
EV / revenue5.5x
EV / EBITDA15.0x
Financial highlights
Revenue, last 12 months$5.7B
Net income, last 12 months$1.5B
EPS, last 12 months (GAAP)$10.43
Gross margin61.1%
Operating margin33.4%
Net margin26.9%
Return on equity24.3%
Return on invested capital25.9%
Cash$1.5B
Total debt$659.4M
Debt / equity0.10x
Free cash flow, last 12 months$1.6B
Current ratio3.10x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

RMD earnings trends

Revenue vs earnings
$0$365.9M$731.8M$1.1B$1.5BSep 2024 Revenue: $1.2BDec 2024 Revenue: $1.3BMar 2025 Revenue: $1.3BJun 2025 Revenue: $1.3BSep 2025 Revenue: $1.3BDec 2025 Revenue: $1.4BMar 2026 Revenue: $1.4BJun 2026 Revenue: $1.5BSep 2024 Net income: $311.4MDec 2024 Net income: $344.6MMar 2025 Net income: $365.0MJun 2025 Net income: $379.7MSep 2025 Net income: $348.5MDec 2025 Net income: $392.6MMar 2026 Net income: $398.7MJun 2026 Net income: $383.4MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 25.4%Net margin: 26.9%Net margin: 28.3%Net margin: 28.2%Net margin: 26.1%Net margin: 27.6%Net margin: 27.9%Net margin: 26.2%0%14%28%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.7$1.4$2.1$2.7Sep 2024 EPS (GAAP, diluted): $2.1Dec 2024 EPS (GAAP, diluted): $2.3Mar 2025 EPS (GAAP, diluted): $2.5Jun 2025 EPS (GAAP, diluted): $2.6Sep 2025 EPS (GAAP, diluted): $2.4Dec 2025 EPS (GAAP, diluted): $2.7Mar 2026 EPS (GAAP, diluted): $2.7Jun 2026 EPS (GAAP, diluted): $2.6Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +12% · Dec 2025 +15% · Mar 2026 +10% · Jun 2026 +2%

From the company's 10-Q and 10-K filings with the SEC.

ResMed financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$3.6B$4.2B$4.7B$5.1B$5.7B
Net income$779.4M$897.6M$1.0B$1.4B$1.5B
EPS (GAAP)$5.31$6.10$6.93$9.51$10.43
Free cash flow$216.3M$573.6M$1.3B$1.7B$1.6B

RMD earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-06$2.64+2%+9%-5.9%
2026-07-07$2.64+2%+9%-5.0%
2026-04-30$2.74+10%+11%-4.5%
2026-01-29$2.68+15%+11%+0.7%
2025-10-30$2.37+12%+9%-1.9%
2025-07-31$2.58+30%+10%+2.6%

About ResMed

HeadquartersSan Diego, CA
Industry (SEC code)Surgical & Medical Instruments & Apparatus
Fiscal year endsJune 30
Incorporated inDE
Listed onNYSE, OTC

From the company's SEC registration record.

Companies similar to RMD

CompanyMarket valueP/ERevenue growthOperating margin12-month change
RMD ResMed$32.1B21.4x+10%33.4%-19%
DXCM DexCom$32.8B34.5x+16%22.9%+30%compare
GEHC GE HealthCare$29.9B15.7x+6%12.6%-14%compare
IDXX IDEXX$41.5B37.0x+13%32.0%-16%compare
BDX Becton Dickinson$49.2B54.4x-3%9.6%+22%
STE Steris$20.6Bn/a+8%18.9%-12%
EW Edwards Lifesciences$50.3B50.1x+15%22.3%+13%

All Health Care stock ratings

Frequently asked questions

Is RMD stock a buy?

Torvanta does not tell individuals what to buy. Its grades for RMD are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is RMD's P/E ratio?

RMD trades at about 21.4 times its last 12 months of GAAP earnings reported to the SEC, and about 20.1 times Torvanta's own estimate of the next 12 months.

When does RMD report earnings next?

Based on its filing history, Torvanta expects ResMed to report around 2026-10-29.

Does RMD pay a dividend?

Yes. Its dividend yield is about 1.1%, and it has raised its dividend 13 years in a row.

How has RMD performed against the S&P 500?

Over the past year RMD returned -19.1%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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