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Earnings transcript
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RMD
ResMed Inc.
$224.09
1.24
(0.56%)
| Exchange: | NYSE |
| Market Cap: | 32.71B |
| Shares Outstanding: | 48M |
About The Company
| Sector: | Healthcare | |||||
| Industry: | Medical – Instruments & Supplies | |||||
| CEO: | Michael J. Farrell | |||||
| Full Time Employees: | 9980 | |||||
| Address: |
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| Website: | https://www.resmed.com |
ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets. The company operates in two segments, Sleep and Respiratory Care, and Software as a Service. It offers various products and solutions for a range of respiratory disorders, including technologies to be applied in medical and consumer products, ventilation devices, diagnostic products, mask systems for use in the hospital and home, headgear and other accessories, dental devices, and cloud-based software informatics solutions to manage patient outcomes, as well as provides customer and business processes. The company also provides AirView, a cloud-based system that enables remote monitoring and changing of patients’ device settings; myAir, a personalized therapy management application for patients with sleep apnea that provides support, education, and troubleshooting tools for increased patient engagement and improved compliance; U-Sleep, a compliance monitoring solution that enables home medical equipment (HME)to streamline their sleep programs; connectivity module and propeller solutions; and Propeller portal. It offers out-of-hospital software solution, such as Brightree business management software and service solutions to providers of HME, pharmacy, home infusion, orthotics, and prosthetics services; MatrixCare care management and related ancillary solutions to senior living, skilled nursing, life plan communities, home health, home care, and hospice organizations, as well as related accountable care organizations; and HEALTHCAREfirst that offers electronic health record, software, billing and coding services, and analytics for home health and hospice agencies. The company markets its products primarily to sleep clinics, home healthcare dealers, and hospitals through a network of distributors and direct sales force in approximately 140 countries. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,222,993 | 4,685,297 | 5,146,327 |
| Gross Profit | 2,355,662 | 2,655,303 | 3,054,970 |
| EBITDA | 1,358,801 | 1,533,543 | 1,913,377 |
| Operating Income | 1,131,871 | 1,319,893 | 1,685,363 |
| Net Income | 897,556 | 1,020,951 | 1,400,723 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 6,751,708 | 6,872,394 | 8,174,391 |
| Total Liabilities | 2,621,805 | 2,008,351 | 2,206,532 |
| Total Stockholders Equity | 4,129,903 | 4,864,043 | 5,967,859 |
| Total Debt | 1,579,908 | 873,935 | 882,319 |
| Cash and Cash Equivalents | 227,891 | 238,361 | 1,209,450 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 693,299 | 1,401,260 | 1,751,588 |
| Capital Expenditure | -134,000 | -114,856 | -89,865 |
| Free Cash Flow | 559,299 | 1,286,404 | 1,661,723 |
| Net Income | 897,556 | 1,020,951 | 1,400,723 |
| Net Change in Cash | -45,819 | 10,470 | 971,089 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,704,363.962 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 7,865,830.801 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 7,783,300 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 3,054,997.668 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 3,119,023.825 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 3,086,298.034 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,355,439.138 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,419,810.511 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,386,908.016 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,558,776.845 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,591,445.443 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,574,747.491 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 16.200 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 16.420 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 15.990 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 10 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 4 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: ResMed reported strong financial results in Q4 FY2025, with key metrics such as revenue, net income, and operating cash flow showing positive trends as highlighted in the earnings call summary. This reflects effective operational management and market demand for its products.
- High Profitability Metrics: The company exhibits strong gross profit margin and net profit margin (TTM), indicating efficient cost control and profitability compared to industry peers in the healthcare equipment sector.
- Solid Cash Flow Generation: Free cash flow (TTM) and net cash provided by operating activities demonstrate ResMed’s ability to generate substantial cash, supporting reinvestment and debt management, as evidenced by cash flow statement data.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates RMD intrinsic value between $128.29 – $282.73 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about RMD valuation
Is ResMed Inc. (RMD) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for ResMed Inc. (RMD) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is RMD a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether RMD trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is RMD’s P/E ratio?
You can see RMD’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for RMD?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is RMD a good long-term investment?
Whether RMD fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
RMD
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Daily snapshot
0.56
Trading Metrics:
| Open: | 221.37 | Previous Close: | 222.85 | |
| Day Low: | 219.01 | Day High: | 226.26 | |
| Year Low: | 199.92 | Year High: | 293.81 | |
| Price Avg 50: | 247.09 | Price Avg 200: | 258.95 | |
| Volume: | 444377 | Average Volume: | 1.109M |
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Login — it's freeRMD full analysis
Welcome to MARKETSNAP’s SWOT analysis for ResMed, a heavyweight in the medical equipment space. If you’re a long-term investor looking to dig into a company that’s making waves in healthcare, you’ve come to the right place. Today, we’re breaking down ResMed—known for its innovative solutions in sleep apnea and respiratory care—through a detailed SWOT analysis. We’ll cover their strengths, weaknesses, opportunities, and threats, while weaving in the latest financials, news, and insights to help you gauge whether this stock fits…
