Fmc Corp Financials
This page shows Fmc Corp (FMC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 became an accounting-reset year as shrinking sales met a goodwill wipeout, overwhelming otherwise manageable liquidity.
Earnings quality broke from cash reality in FY2025: net income fell to-$2.24B while operating cash flow was only-$6M , a gap that usually means noncash charges drove most of the reported loss. Goodwill dropping to$0 from the prior year strengthens that reading and shows the income statement was hit by a balance-sheet reset as well as softer operations.
The underlying business was weakening even before the FY2025 reset: revenue has fallen for three straight years, from
The balance sheet tightened mainly because the equity cushion shrank, not because borrowing spiked: debt-to-equity rose from 0.7x in FY2024 to 1.3x in FY2025 even as long-term debt edged down. Current liquidity still looks usable, with a 1.3x current ratio and
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Fmc Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fmc Corp has an operating margin of -47.0%, meaning the company retains $-47 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 11.9% the prior year.
Fmc Corp's revenue declined 18.3% year-over-year, from $4.2B to $3.5B. This contraction results in a growth score of 13/100.
Fmc Corp carries a low D/E ratio of 1.34, meaning only $1.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
Fmc Corp's current ratio of 1.32 is below the typical benchmark, resulting in a score of 22/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Fmc Corp generated -$6.2M in operating cash flow, capex of $96.3M consumed most of it, leaving -$102.5M in free cash flow. This results in a low score of 28/100, reflecting heavy capital investment rather than weak cash generation.
Fmc Corp generates a -108.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 7.6% the prior year.
Fmc Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Fmc Corp generates $0.00 in operating cash flow (-$6.2M OCF vs -$2.2B net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Fmc Corp earns $-6.8 in operating income for every $1 of interest expense (-$1.6B vs $239.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Fmc Corp generated $3.5B in revenue in fiscal year 2025. This represents a decrease of 18.3% from the prior year.
Fmc Corp's EBITDA was -$1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 313.0% from the prior year.
Fmc Corp reported -$2.2B in net income in fiscal year 2025. This represents a decrease of 756.4% from the prior year.
Fmc Corp earned $-17.88 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 757.4% from the prior year.
Cash & Balance Sheet
Fmc Corp generated -$102.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 115.3% from the prior year.
Fmc Corp held $584.5M in cash against $2.8B in long-term debt as of fiscal year 2025.
Fmc Corp paid $1.82 per share in dividends in fiscal year 2025. This represents a decrease of 21.6% from the prior year.
Fmc Corp had 125M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Margins & Returns
Fmc Corp's gross margin was 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.8 percentage points from the prior year.
Fmc Corp's operating margin was -47.0% in fiscal year 2025, reflecting core business profitability. This is down 58.9 percentage points from the prior year.
Fmc Corp's net profit margin was -64.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 72.6 percentage points from the prior year.
Fmc Corp's ROE was -108.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 115.7 percentage points from the prior year.
Capital Allocation
Fmc Corp invested $266.1M in research and development in fiscal year 2025. This represents a decrease of 4.3% from the prior year.
Fmc Corp spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Fmc Corp invested $96.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 41.8% from the prior year.
FMC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $758.6M-30.0% | $1.1B+99.8% | $542.2M-48.4% | $1.1B+32.7% | $791.4M-35.4% | $1.2B+14.9% | $1.1B+2.6% | $1.0B |
| Cost of Revenue | $512.0M | N/A | $413.3M-35.8% | $644.2M+35.7% | $474.7M | N/A | $679.0M+6.0% | $640.3M |
| Gross Profit | $246.6M-42.8% | $431.1M+234.4% | $128.9M-68.3% | $406.3M+28.3% | $316.7M-39.6% | $524.7M+35.8% | $386.4M-2.9% | $398.1M |
| R&D Expenses | $65.5M | N/A | $63.3M-4.7% | $66.4M-3.3% | $68.7M | N/A | $69.0M-9.1% | $75.9M |
| SG&A Expenses | $185.1M | N/A | $167.4M-5.3% | $176.8M+2.8% | $172.0M | N/A | $159.2M-3.4% | $164.8M |
| Operating Income | -$81.0M+94.3% | -$1.4B-257.5% | -$396.3M-413.5% | $126.4M+117.2% | $58.2M-75.2% | $234.6M+73.0% | $135.6M+117.7% | $62.3M |
| Interest Expense | $64.8M | N/A | $64.1M+5.1% | $61.0M+21.8% | $50.1M | N/A | $58.7M-7.7% | $63.6M |
| Income Tax | $112.1M | N/A | $82.2M+470.8% | $14.4M+6.7% | $13.5M | N/A | $6.0M+102.0% | -$303.5M |
| Net Income | -$281.3M+83.7% | -$1.7B-202.3% | -$569.3M-953.5% | $66.7M+530.3% | -$15.5M+4.9% | -$16.3M-125.1% | $65.0M-78.0% | $295.1M |
| EPS (Diluted) | $-2.25+83.6% | $-13.74-204.0% | $-4.52-952.8% | $0.53+541.7% | $-0.12+7.7% | $-0.13-125.0% | $0.52-77.9% | $2.35 |
FMC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.4B-2.8% | $9.7B-19.8% | $12.1B-1.8% | $12.3B+4.2% | $11.8B+1.3% | $11.7B-4.6% | $12.2B+0.7% | $12.1B |
| Current Assets | $4.9B-1.1% | $5.0B-10.9% | $5.6B+1.8% | $5.5B+7.7% | $5.1B+2.4% | $5.0B-6.7% | $5.3B+2.0% | $5.2B |
| Cash & Equivalents | $390.9M-33.1% | $584.5M+17.4% | $497.7M+13.6% | $438.2M+39.0% | $315.3M-11.8% | $357.3M-14.3% | $416.7M-11.6% | $471.5M |
| Inventory | $1.2B+1.9% | $1.2B-11.4% | $1.4B-1.4% | $1.4B+1.5% | $1.4B+14.4% | $1.2B-13.7% | $1.4B-3.0% | $1.4B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | $0-100.0% | $1.4B-11.0% | $1.5B+0.8% | $1.5B+0.5% | $1.5B-0.7% | $1.5B+0.6% | $1.5B |
| Total Liabilities | $7.6B-0.2% | $7.6B-8.3% | $8.3B+5.1% | $7.9B+6.5% | $7.4B+3.5% | $7.2B-5.8% | $7.6B+0.5% | $7.6B |
| Current Liabilities | $3.8B+1.5% | $3.8B-5.9% | $4.0B+11.7% | $3.6B+8.1% | $3.3B+9.5% | $3.0B-15.9% | $3.6B+1.9% | $3.5B |
| Long-Term Debt | $2.8B0.0% | $2.8B-15.3% | $3.3B0.0% | $3.3B+8.0% | $3.0B0.0% | $3.0B0.0% | $3.0B0.0% | $3.0B |
| Total Equity | $1.8B-12.0% | $2.1B-45.1% | $3.8B-14.2% | $4.4B+0.3% | $4.4B-2.4% | $4.5B-2.6% | $4.6B+1.1% | $4.6B |
| Retained Earnings | $3.9B-7.0% | $4.2B-29.3% | $5.9B-9.8% | $6.5B-0.1% | $6.5B-1.3% | $6.6B-1.3% | $6.7B-0.1% | $6.7B |
FMC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$600.9M-191.4% | $657.1M+456.7% | -$184.2M-379.5% | $65.9M+112.1% | -$545.0M-227.4% | $427.9M+168.3% | $159.5M-45.4% | $292.2M |
| Capital Expenditures | $16.6M-36.2% | $26.0M+9.7% | $23.7M+58.0% | $15.0M-52.5% | $31.6M+46.3% | $21.6M+37.6% | $15.7M+58.6% | $9.9M |
| Free Cash Flow | -$617.5M-197.8% | $631.1M+403.6% | -$207.9M-508.4% | $50.9M+108.8% | -$576.6M-241.9% | $406.3M+182.5% | $143.8M-49.1% | $282.3M |
| Investing Cash Flow | -$16.2M-5.9% | -$15.3M+53.6% | -$33.0M-146.3% | -$13.4M+64.7% | -$38.0M-111.9% | $319.5M+2060.1% | -$16.3M-2.5% | -$15.9M |
| Financing Cash Flow | $442.3M+181.0% | -$546.1M-280.0% | $303.4M+296.1% | $76.6M-86.1% | $552.1M+171.8% | -$768.6M-312.8% | -$186.2M+15.7% | -$221.0M |
| Dividends Paid | $10.0M-86.3% | $72.9M0.0% | $72.9M+0.1% | $72.8M+0.1% | $72.7M0.0% | $72.7M0.0% | $72.7M0.0% | $72.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0 | $0 | $0 |
FMC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.5%-7.3pp | 39.8%+16.0pp | 23.8%-14.9pp | 38.7%-1.3pp | 40.0%-2.8pp | 42.9%+6.6pp | 36.3%-2.1pp | 38.3% |
| Operating Margin | -10.7%+120.1pp | -130.8%-57.7pp | -73.1%-85.1pp | 12.0%+4.7pp | 7.3%-11.8pp | 19.2%+6.4pp | 12.7%+6.7pp | 6.0% |
| Net Margin | -37.1%+121.8pp | -158.8%-53.8pp | -105.0%-111.4pp | 6.3%+8.3pp | -2.0%-0.6pp | -1.3%-7.4pp | 6.1%-22.3pp | 28.4% |
| Return on Equity | -15.4%+67.6pp | -83.1%-68.0pp | -15.1%-16.6pp | 1.5%+1.9pp | -0.4%0.0pp | -0.4%-1.8pp | 1.4%-5.1pp | 6.5% |
| Return on Assets | -3.0%+14.8pp | -17.8%-13.1pp | -4.7%-5.3pp | 0.5%+0.7pp | -0.1%+0.0pp | -0.1%-0.7pp | 0.5%-1.9pp | 2.4% |
| Current Ratio | 1.29-0.0 | 1.32-0.1 | 1.40-0.1 | 1.530.0 | 1.54-0.1 | 1.64+0.2 | 1.480.0 | 1.48 |
| Debt-to-Equity | 1.52+0.2 | 1.34+0.5 | 0.87+0.1 | 0.74+0.1 | 0.69+0.0 | 0.67+0.0 | 0.660.0 | 0.66 |
| FCF Margin | -81.4%-139.7pp | 58.3%+96.6pp | -38.3%-43.2pp | 4.9%+77.7pp | -72.9%-106.0pp | 33.2%+19.7pp | 13.5%-13.7pp | 27.2% |
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Frequently Asked Questions
What is Fmc Corp's annual revenue?
Fmc Corp (FMC) reported $3.5B in total revenue for fiscal year 2025. This represents a -18.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fmc Corp's revenue growing?
Fmc Corp (FMC) revenue declined by 18.3% year-over-year, from $4.2B to $3.5B in fiscal year 2025.
Is Fmc Corp profitable?
No, Fmc Corp (FMC) reported a net income of -$2.2B in fiscal year 2025, with a net profit margin of -64.6%.
What is Fmc Corp's EBITDA?
Fmc Corp (FMC) had EBITDA of -$1.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Fmc Corp have?
As of fiscal year 2025, Fmc Corp (FMC) had $584.5M in cash and equivalents against $2.8B in long-term debt.
What is Fmc Corp's gross margin?
Fmc Corp (FMC) had a gross margin of 37.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fmc Corp's operating margin?
Fmc Corp (FMC) had an operating margin of -47.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fmc Corp's net profit margin?
Fmc Corp (FMC) had a net profit margin of -64.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Fmc Corp pay dividends?
Yes, Fmc Corp (FMC) paid $1.82 per share in dividends during fiscal year 2025.
What is Fmc Corp's return on equity (ROE)?
Fmc Corp (FMC) has a return on equity of -108.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fmc Corp's free cash flow?
Fmc Corp (FMC) generated -$102.5M in free cash flow during fiscal year 2025. This represents a -115.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fmc Corp's operating cash flow?
Fmc Corp (FMC) generated -$6.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fmc Corp's total assets?
Fmc Corp (FMC) had $9.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fmc Corp's capital expenditures?
Fmc Corp (FMC) invested $96.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Fmc Corp spend on research and development?
Fmc Corp (FMC) invested $266.1M in research and development during fiscal year 2025.
What is Fmc Corp's current ratio?
Fmc Corp (FMC) had a current ratio of 1.32 as of fiscal year 2025, which is considered adequate.
What is Fmc Corp's debt-to-equity ratio?
Fmc Corp (FMC) had a debt-to-equity ratio of 1.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fmc Corp's return on assets (ROA)?
Fmc Corp (FMC) had a return on assets of -23.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fmc Corp's cash runway?
Based on fiscal year 2025 data, Fmc Corp (FMC) had $584.5M in cash against an annual operating cash burn of $6.2M. This gives an estimated cash runway of approximately 1131 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Fmc Corp's Piotroski F-Score?
Fmc Corp (FMC) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fmc Corp's earnings high quality?
Fmc Corp (FMC) has an earnings quality ratio of 0.00x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fmc Corp cover its interest payments?
Fmc Corp (FMC) has an interest coverage ratio of -6.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fmc Corp?
Fmc Corp (FMC) scores 23 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.