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Stocks · Health care · Surgical & Medical Instruments & Apparatus

ResMed|

RMD Clue Score85
United States Fiscal year ends June CIK 0000943819
$230.05 +1.46% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $230.05 −8.57% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue2,066.7Operating income425.8Net income342.3EPS, diluted2.40Fiscal year 2018Revenue2,340.2 +13.2%Operating income541.8Net income315.6 −7.8%EPS, diluted2.19 −8.8%Fiscal year 2019Revenue2,606.6 +11.4%Operating income579.3Net income404.6 +28.2%EPS, diluted2.80 +27.9%Fiscal year 2020Revenue2,957.0 +13.4%Operating income809.7Net income621.7 +53.7%EPS, diluted4.27 +52.5%Fiscal year 2021Revenue3,196.8 +8.1%Operating income903.7Net income474.5 −23.7%EPS, diluted3.24 −24.1%Fiscal year 2022Revenue3,578.1 +11.9%Operating income1,000.3Net income779.4 +64.3%EPS, diluted5.30 +63.6%Fiscal year 2023Revenue4,223.0 +18.0%Operating income1,131.9Net income897.6 +15.2%EPS, diluted6.09 +14.9%Fiscal year 2024Revenue4,685.3 +10.9%Operating income1,319.9Net income1,021.0 +13.7%EPS, diluted6.92 +13.6%Fiscal year 2025Revenue5,146.3 +9.8%Operating income1,685.4Net income1,400.7 +37.2%EPS, diluted9.51 +37.4%Fiscal year 2026Revenue5,653.4 +9.9%Operating income1,886.7Net income1,523.3 +8.8%EPS, diluted10.43 +9.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 2,066.7 2,340.2 2,606.6 2,957.0 3,196.8 3,578.1 4,223.0 4,685.3 5,146.3 5,653.4
Growth +13.2% +11.4% +13.4% +8.1% +11.9% +18.0% +10.9% +9.8% +9.9%
Operating income 425.8 541.8 579.3 809.7 903.7 1,000.3 1,131.9 1,319.9 1,685.4 1,886.7
Net income 342.3 315.6 404.6 621.7 474.5 779.4 897.6 1,021.0 1,400.7 1,523.3
Growth −7.8% +28.2% +53.7% −23.7% +64.3% +15.2% +13.7% +37.2% +8.8%
EPS, diluted 2.40 2.19 2.80 4.27 3.24 5.30 6.09 6.92 9.51 10.43
Growth −8.8% +27.9% +52.5% −24.1% +63.6% +14.9% +13.6% +37.4% +9.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin58.1%Operating margin20.6%Net margin16.6%Free cash flow margin17.0%Fiscal year 2018Gross margin57.0%Operating margin23.2%Net margin13.5%Free cash flow margin18.9%Fiscal year 2019Gross margin57.3%Operating margin22.2%Net margin15.5%Free cash flow margin15.0%Fiscal year 2020Gross margin58.1%Operating margin27.4%Net margin21.0%Free cash flow margin23.9%Fiscal year 2021Gross margin57.5%Operating margin28.3%Net margin14.8%Free cash flow margin19.8%Fiscal year 2022Gross margin56.6%Operating margin28.0%Net margin21.8%Free cash flow margin6.0%Fiscal year 2023Gross margin55.8%Operating margin26.8%Net margin21.3%Free cash flow margin13.6%Fiscal year 2024Gross margin56.7%Operating margin28.2%Net margin21.8%Free cash flow margin27.8%Fiscal year 2025Gross margin59.4%Operating margin32.7%Net margin27.2%Free cash flow margin32.3%Fiscal year 2026Gross margin61.1%Operating margin33.4%Net margin26.9%Free cash flow margin29.2%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 58.1% 57.0% 57.3% 58.1% 57.5% 56.6% 55.8% 56.7% 59.4% 61.1%
Operating margin 20.6% 23.2% 22.2% 27.4% 28.3% 28.0% 26.8% 28.2% 32.7% 33.4%
Net margin 16.6% 13.5% 15.5% 21.0% 14.8% 21.8% 21.3% 21.8% 27.2% 26.9%
Free cash flow margin 17.0% 18.9% 15.0% 23.9% 19.8% 6.0% 13.6% 27.8% 32.3% 29.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow414.1Capital expenditure−62.2Free cash flow351.8Dividends paid−186.3Fiscal year 2018Operating cash flow505.0Capital expenditure−62.6Free cash flow442.4 +25.8%Buybacks−53.8Dividends paid−199.5Fiscal year 2019Operating cash flow459.1Capital expenditure−68.7Free cash flow390.3 −11.8%Buybacks−22.8Dividends paid−211.7Fiscal year 2020Operating cash flow802.3Capital expenditure−95.3Free cash flow706.9 +81.1%Dividends paid−225.1Fiscal year 2021Operating cash flow736.7Capital expenditure−102.7Free cash flow634.0 −10.3%Dividends paid−226.7Fiscal year 2022Operating cash flow351.1Capital expenditure−134.8Free cash flow216.3 −65.9%Buybacks0.0Dividends paid−245.3Fiscal year 2023Operating cash flow693.3Capital expenditure−119.7Free cash flow573.6 +165.2%Buybacks0.0Dividends paid−258.3Fiscal year 2024Operating cash flow1,401.3Capital expenditure−99.5Free cash flow1,301.8 +126.9%Buybacks−150.0Dividends paid−282.3Fiscal year 2025Operating cash flow1,751.6Capital expenditure−89.9Free cash flow1,661.7 +27.6%Buybacks−300.0Dividends paid−310.9Fiscal year 2026Operating cash flow1,805.8Capital expenditure−156.3Free cash flow1,649.5 −0.7%Buybacks−700.0Dividends paid−349.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 414.1 505.0 459.1 802.3 736.7 351.1 693.3 1,401.3 1,751.6 1,805.8
Capital expenditure −62.2 −62.6 −68.7 −95.3 −102.7 −134.8 −119.7 −99.5 −89.9 −156.3
Free cash flow 351.8 442.4 390.3 706.9 634.0 216.3 573.6 1,301.8 1,661.7 1,649.5
Growth +25.8% −11.8% +81.1% −10.3% −65.9% +165.2% +126.9% +27.6% −0.7%
Buybacks n/a −53.8 −22.8 n/a n/a 0.0 0.0 −150.0 −300.0 −700.0
Dividends paid −186.3 −199.5 −211.7 −225.1 −226.7 −245.3 −258.3 −282.3 −310.9 −349.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash821.9Total debt1,078.6Net cash (debt)−256.7Shareholders’ equity1,960.3Debt to equity0.55Fiscal year 2018Cash188.7Total debt270.0Net cash (debt)−81.3Shareholders’ equity2,059.0Debt to equity0.13Fiscal year 2019Cash147.1Total debt1,258.9Net cash (debt)−1,111.7Shareholders’ equity2,072.2Debt to equity0.61Fiscal year 2020Cash463.2Total debt1,164.1Net cash (debt)−701.0Shareholders’ equity2,497.0Debt to equity0.47Fiscal year 2021Cash295.3Total debt643.4Net cash (debt)−348.1Shareholders’ equity2,885.7Debt to equity0.22Fiscal year 2022Cash273.7Total debt765.3Net cash (debt)−491.6Shareholders’ equity3,360.8Debt to equity0.23Fiscal year 2023Cash227.9Total debt1,431.2Net cash (debt)−1,203.3Shareholders’ equity4,129.9Debt to equity0.35Fiscal year 2024Cash238.4Total debt697.3Net cash (debt)−459.0Shareholders’ equity4,864.0Debt to equity0.14Fiscal year 2025Cash1,209.5Total debt658.4Net cash (debt)551.1Shareholders’ equity5,967.9Debt to equity0.11Fiscal year 2026Cash1,469.2Total debt399.4Net cash (debt)1,069.8Shareholders’ equity6,585.4Debt to equity0.06
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 821.9 188.7 147.1 463.2 295.3 273.7 227.9 238.4 1,209.5 1,469.2
Total debt 1,078.6 270.0 1,258.9 1,164.1 643.4 765.3 1,431.2 697.3 658.4 399.4
Net cash (debt) −256.7 −81.3 −1,111.7 −701.0 −348.1 −491.6 −1,203.3 −459.0 551.1 1,069.8
Shareholders’ equity 1,960.3 2,059.0 2,072.2 2,497.0 2,885.7 3,360.8 4,129.9 4,864.0 5,967.9 6,585.4
Debt to equity 0.55 0.13 0.61 0.47 0.22 0.23 0.35 0.14 0.11 0.06

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending June, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Jun 2017 FY2018 30 Jun 2018 FY2019 30 Jun 2019 FY2020 30 Jun 2020 FY2021 30 Jun 2021 FY2022 30 Jun 2022 FY2023 30 Jun 2023 FY2024 30 Jun 2024 FY2025 30 Jun 2025 FY2026 30 Jun 2026
Revenue and profit
2,066.7 2,340.2 2,606.6 2,957.0 3,196.8 3,578.1 4,223.0 4,685.3 5,146.3 5,653.4
Growth +13.2% +11.4% +13.4% +8.1% +11.9% +18.0% +10.9% +9.8% +9.9%
865.0 1,005.3 1,112.5 1,239.2 1,357.7 1,553.8 1,867.3 2,030.0 2,091.4 2,201.7
1,201.7 1,334.9 1,494.1 1,717.8 1,839.1 2,024.3 2,355.7 2,655.3 3,055.0 3,451.7
Growth +11.1% +11.9% +15.0% +7.1% +10.1% +16.4% +12.7% +15.1% +13.0%
144.5 155.1 180.7 201.9 225.3 253.6 287.6 307.5 331.3 378.3
554.0 600.4 645.0 676.7 670.4 737.5 874.0 917.1 993.1 1,119.5
425.8 541.8 579.3 809.7 903.7 1,000.3 1,131.9 1,319.9 1,685.4 1,886.7
Growth +27.3% +6.9% +39.8% +11.6% +10.7% +13.2% +16.6% +27.7% +11.9%
418.7 521.3 518.8 733.1 883.7 960.5 1,101.7 1,264.8 1,677.6 1,919.4
76.5 205.7 114.3 111.4 409.2 181.0 204.1 243.8 276.8 396.1
342.3 315.6 404.6 621.7 474.5 779.4 897.6 1,021.0 1,400.7 1,523.3
Growth −7.8% +28.2% +53.7% −23.7% +64.3% +15.2% +13.7% +37.2% +8.8%
Per share
2.42 2.21 2.83 4.31 3.27 5.34 6.12 6.94 9.55 10.47
2.40 2.19 2.80 4.27 3.24 5.30 6.09 6.92 9.51 10.43
Growth −8.8% +27.9% +52.5% −24.1% +63.6% +14.9% +13.6% +37.4% +9.7%
141.4 142.8 143.1 144.3 145.3 146.1 146.8 147.0 146.7 145.5
142.5 144.0 144.5 145.7 146.5 147.0 147.5 147.6 147.3 146.1
Growth +1.1% +0.3% +0.8% +0.5% +0.4% +0.3% +0.1% −0.1% −0.9%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.1% a year over five years, and earnings per share grew 26.3% a year.
  • The share count barely moved in five years.
  • Operating margin is up 5.1 points on five years ago, at 33.4%.
  • Profitable in every one of the 10 years on file.