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Resmed Financials

RSMDF
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE June

This page shows Resmed (RSMDF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 79 / 100
Financial Profile 79/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
95

Resmed has an operating margin of 32.8%, meaning the company retains $33 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is up from 28.2% the prior year.

Growth
50

Resmed's revenue grew 9.8% year-over-year to $5.1B, a solid pace of expansion. This earns a growth score of 50/100.

Leverage
100

Resmed carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
67

With a current ratio of 3.44, Resmed holds $3.44 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 67/100.

Cash Flow
100

Resmed converts 32.3% of revenue into free cash flow ($1.7B). This strong cash generation earns a score of 100/100.

Returns
63

Resmed's ROE of 23.5% shows moderate profitability relative to equity, earning a score of 63/100. This is up from 21.0% the prior year.

Piotroski F-Score Strong
8/9

Resmed passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.25x

For every $1 of reported earnings, Resmed generates $1.25 in operating cash flow ($1.8B OCF vs $1.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$5.1B
YoY+9.8%
5Y CAGR+11.7%
10Y CAGR+11.9%

Resmed generated $5.1B in revenue in fiscal year 2025. This represents an increase of 9.8% from the prior year.

EBITDA
$1.9B
YoY+25.9%
5Y CAGR+14.3%
10Y CAGR+14.6%

Resmed's EBITDA was $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.9% from the prior year.

Net Income
$1.4B
YoY+37.2%
5Y CAGR+17.6%
10Y CAGR+14.8%

Resmed reported $1.4B in net income in fiscal year 2025. This represents an increase of 37.2% from the prior year.

EPS (Diluted)
$9.51
YoY+37.4%

Resmed earned $9.51 per diluted share (EPS) in fiscal year 2025. This represents an increase of 37.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.7B
YoY+27.6%
5Y CAGR+18.6%
10Y CAGR+17.9%

Resmed generated $1.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 27.6% from the prior year.

Cash & Debt
$1.2B
YoY+407.4%
5Y CAGR+21.2%
10Y CAGR+5.4%

Resmed held $1.2B in cash against $658.4M in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.12
YoY+10.4%

Resmed paid $2.12 per share in dividends in fiscal year 2025. This represents an increase of 10.4% from the prior year.

Shares Outstanding
146M
YoY-0.4%

Resmed had 146M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin
59.4%
YoY+2.7pp
5Y CAGR+1.3pp
10Y CAGR-0.9pp

Resmed's gross margin was 59.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the prior year.

Operating Margin
32.8%
YoY+4.6pp
5Y CAGR+5.4pp
10Y CAGR+8.4pp

Resmed's operating margin was 32.8% in fiscal year 2025, reflecting core business profitability. This is up 4.6 percentage points from the prior year.

Net Margin
27.2%
YoY+5.4pp
5Y CAGR+6.2pp
10Y CAGR+6.2pp

Resmed's net profit margin was 27.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 5.4 percentage points from the prior year.

Return on Equity
23.5%
YoY+2.5pp
5Y CAGR-1.4pp
10Y CAGR+1.2pp

Resmed's ROE was 23.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the prior year.

Capital Allocation

R&D Spending
$331.3M
YoY+7.7%
5Y CAGR+10.4%
10Y CAGR+11.2%

Resmed invested $331.3M in research and development in fiscal year 2025. This represents an increase of 7.7% from the prior year.

Share Buybacks
$300.0M
YoY+100.0%
10Y CAGR+6.5%

Resmed spent $300.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 100.0% from the prior year.

Capital Expenditures
$89.9M
YoY-9.6%
5Y CAGR-1.2%
10Y CAGR+3.7%

Resmed invested $89.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 9.6% from the prior year.

RSMDF Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue $1.4B+6.5% $1.3B-0.9% $1.3B+4.4% $1.3B+0.8% $1.3B+4.7% $1.2B+0.1% $1.2B+2.2% $1.2B
Cost of Revenue $544.1M+5.7% $514.8M-2.5% $527.9M+0.5% $525.3M-1.0% $530.8M+4.6% $507.3M-0.1% $507.7M+0.7% $504.2M
Gross Profit $878.7M+7.1% $820.8M+0.1% $820.1M+7.0% $766.4M+2.0% $751.3M+4.7% $717.2M+0.2% $715.5M+3.3% $692.8M
R&D Expenses $91.0M+4.2% $87.3M+1.0% $86.4M+3.0% $83.9M+3.2% $81.4M+2.3% $79.5M-1.7% $80.9M+4.9% $77.1M
SG&A Expenses $278.4M+7.4% $259.2M-2.2% $265.1M+8.1% $245.3M+1.5% $241.6M+1.1% $239.0M-1.3% $242.2M+5.3% $229.9M
Operating Income $491.7M+10.1% $446.5M-1.8% $454.5M+6.6% $426.3M+2.2% $417.2M+7.7% $387.3M+1.6% $381.2M+1.8% $374.6M
Interest Expense N/A N/A N/A N/A N/A N/A N/A -$11.0M
Income Tax $103.6M+5.4% $98.3M+25.4% $78.3M+48.8% $52.7M-28.6% $73.7M+2.2% $72.1M+10.1% $65.5M-12.6% $74.9M
Net Income $392.6M+12.6% $348.5M-8.2% $379.7M+4.0% $365.0M+5.9% $344.6M+10.7% $311.4M+6.5% $292.2M-2.7% $300.5M
EPS (Diluted) $2.68+13.1% $2.37 N/A $2.48+6.0% $2.34+10.9% $2.11 N/A $2.04

RSMDF Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $8.5B+2.3% $8.3B+1.6% $8.2B+8.0% $7.6B+6.0% $7.1B-1.1% $7.2B+5.1% $6.9B+0.8% $6.8B
Current Assets $3.8B+5.3% $3.6B+3.4% $3.5B+9.3% $3.2B+13.1% $2.8B+7.4% $2.6B+12.0% $2.4B+0.3% $2.4B
Cash & Equivalents $1.4B+2.4% $1.4B+14.4% $1.2B+29.7% $932.7M+78.7% $521.9M+22.4% $426.4M+78.9% $238.4M+0.2% $237.9M
Inventory $922.0M-2.5% $945.8M+2.0% $927.7M+7.5% $862.6M-2.2% $882.1M-3.9% $918.0M+11.6% $822.3M-0.9% $829.5M
Accounts Receivable $985.6M+8.6% $907.3M-3.4% $939.5M+3.5% $907.8M+5.6% $859.9M+6.0% $811.2M-3.1% $837.3M+7.4% $779.3M
Goodwill $3.0B0.0% $3.0B-0.1% $3.0B+6.9% $2.8B+1.6% $2.8B-2.8% $2.9B+1.5% $2.8B+0.2% $2.8B
Total Liabilities $2.2B-0.2% $2.2B-0.9% $2.2B+9.2% $2.0B+7.0% $1.9B-6.9% $2.0B+0.9% $2.0B-8.1% $2.2B
Current Liabilities $1.2B-0.6% $1.3B+23.2% $1.0B+8.4% $940.5M+10.4% $852.0M-5.8% $904.1M-0.7% $910.7M+17.8% $773.0M
Long-Term Debt $403.9M-1.2% $408.7M-37.9% $658.4M-0.7% $663.1M0.0% $662.9M-0.7% $667.6M-4.3% $697.3M-30.1% $997.0M
Total Equity $6.3B+3.3% $6.1B+2.6% $6.0B+7.6% $5.5B+5.6% $5.3B+1.1% $5.2B+6.8% $4.9B+5.1% $4.6B
Retained Earnings $6.6B+4.8% $6.3B+4.3% $6.1B+5.2% $5.8B+5.2% $5.5B+5.1% $5.2B+4.7% $5.0B+4.6% $4.8B

RSMDF Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow $339.7M-25.7% $457.3M-15.1% $538.8M-6.9% $578.7M+87.5% $308.6M-5.2% $325.5M-26.0% $440.1M+9.5% $402.0M
Capital Expenditures $28.5M-33.6% $43.0M+40.5% $30.6M+47.1% $20.8M+0.7% $20.6M+15.7% $17.8M-28.3% $24.9M+17.4% $21.2M
Free Cash Flow $311.2M-24.9% $414.4M-18.5% $508.2M-8.9% $557.9M+93.7% $288.0M-6.4% $307.7M-25.9% $415.2M+9.0% $380.8M
Investing Cash Flow -$50.9M+3.1% -$52.6M+60.7% -$133.7M-320.7% -$31.8M+13.4% -$36.7M-1809.8% $2.1M+104.6% -$46.5M-40.3% -$33.2M
Financing Cash Flow -$258.3M-12.2% -$230.3M-40.5% -$163.9M-13.8% -$144.1M+2.3% -$147.5M+2.1% -$150.8M+61.7% -$393.3M-17.1% -$335.9M
Dividends Paid $87.6M-0.2% $87.8M+13.1% $77.6M-0.1% $77.7M0.0% $77.7M-0.3% $77.9M+10.4% $70.6M+0.1% $70.5M
Share Buybacks $175.0M+16.7% $150.0M+50.0% $100.0M+33.3% $75.0M+0.1% $75.0M+50.0% $50.0M0.0% $50.0M0.0% $50.0M

RSMDF Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 61.8%+0.3pp 61.5%+0.6pp 60.8%+1.5pp 59.3%+0.7pp 58.6%+0.0pp 58.6%+0.1pp 58.5%+0.6pp 57.9%
Operating Margin 34.6%+1.1pp 33.4%-0.3pp 33.7%+0.7pp 33.0%+0.5pp 32.5%+0.9pp 31.6%+0.5pp 31.2%-0.1pp 31.3%
Net Margin 27.6%+1.5pp 26.1%-2.1pp 28.2%-0.1pp 28.3%+1.4pp 26.9%+1.4pp 25.4%+1.5pp 23.9%-1.2pp 25.1%
Return on Equity 6.2%+0.5pp 5.7%-0.7pp 6.4%-0.2pp 6.6%+0.0pp 6.6%+0.6pp 6.0%-0.0pp 6.0%-0.5pp 6.5%
Return on Assets 4.6%+0.4pp 4.2%-0.4pp 4.7%-0.2pp 4.8%-0.0pp 4.8%+0.5pp 4.3%+0.1pp 4.3%-0.2pp 4.4%
Current Ratio 3.06+0.2 2.89-0.6 3.44+0.0 3.41+0.1 3.33+0.4 2.92+0.3 2.59-0.5 3.04
Debt-to-Equity 0.060.0 0.07-0.0 0.110.0 0.120.0 0.130.0 0.13-0.0 0.14-0.1 0.22
FCF Margin 21.9%-9.1pp 31.0%-6.7pp 37.7%-5.5pp 43.2%+20.7pp 22.5%-2.7pp 25.1%-8.8pp 34.0%+2.1pp 31.8%

Frequently Asked Questions

Resmed (RSMDF) reported $5.1B in total revenue for fiscal year 2025. This represents a 9.8% 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.

Resmed (RSMDF) revenue grew by 9.8% year-over-year, from $4.7B to $5.1B in fiscal year 2025.

Yes, Resmed (RSMDF) reported a net income of $1.4B in fiscal year 2025, with a net profit margin of 27.2%.

Resmed (RSMDF) reported diluted earnings per share of $9.51 for fiscal year 2025. This represents a 37.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Resmed (RSMDF) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Resmed (RSMDF) had $1.2B in cash and equivalents against $658.4M in long-term debt.

Resmed (RSMDF) had a gross margin of 59.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Resmed (RSMDF) had an operating margin of 32.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Resmed (RSMDF) had a net profit margin of 27.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Resmed (RSMDF) paid $2.12 per share in dividends during fiscal year 2025.

Resmed (RSMDF) has a return on equity of 23.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Resmed (RSMDF) generated $1.7B in free cash flow during fiscal year 2025. This represents a 27.6% 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.

Resmed (RSMDF) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Resmed (RSMDF) had $8.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Resmed (RSMDF) invested $89.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Resmed (RSMDF) invested $331.3M in research and development during fiscal year 2025.

Yes, Resmed (RSMDF) spent $300.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Resmed (RSMDF) had 146M shares outstanding as of fiscal year 2025.

Resmed (RSMDF) had a current ratio of 3.44 as of fiscal year 2025, which is generally considered healthy.

Resmed (RSMDF) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Resmed (RSMDF) had a return on assets of 17.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Resmed (RSMDF) has a Piotroski F-Score of 8 out of 9, indicating strong 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Resmed (RSMDF) has an earnings quality ratio of 1.25x, considered cash-backed (high quality). 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.

Resmed (RSMDF) scores 79 out of 100 on our Financial Profile, indicating strong 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.

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