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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
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.
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.
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.
Resmed converts 32.3% of revenue into free cash flow ($1.7B). This strong cash generation earns a score of 100/100.
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.
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.
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
Earnings & Revenue
Resmed generated $5.1B in revenue in fiscal year 2025. This represents an increase of 9.8% from the prior year.
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.
Resmed reported $1.4B in net income in fiscal year 2025. This represents an increase of 37.2% from the prior year.
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
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.
Resmed held $1.2B in cash against $658.4M in long-term debt as of fiscal year 2025.
Resmed paid $2.12 per share in dividends in fiscal year 2025. This represents an increase of 10.4% from the prior year.
Resmed had 146M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.
Margins & Returns
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.
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.
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.
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
Resmed invested $331.3M in research and development in fiscal year 2025. This represents an increase of 7.7% from the prior year.
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.
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
What is Resmed's annual revenue?
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.
How fast is Resmed's revenue growing?
Resmed (RSMDF) revenue grew by 9.8% year-over-year, from $4.7B to $5.1B in fiscal year 2025.
Is Resmed profitable?
Yes, Resmed (RSMDF) reported a net income of $1.4B in fiscal year 2025, with a net profit margin of 27.2%.
What is Resmed's EBITDA?
Resmed (RSMDF) had EBITDA of $1.9B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Resmed have?
As of fiscal year 2025, Resmed (RSMDF) had $1.2B in cash and equivalents against $658.4M in long-term debt.
What is Resmed's gross margin?
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.
What is Resmed's operating margin?
Resmed (RSMDF) had an operating margin of 32.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Resmed's net profit margin?
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.
Does Resmed pay dividends?
Yes, Resmed (RSMDF) paid $2.12 per share in dividends during fiscal year 2025.
What is Resmed's return on equity (ROE)?
Resmed (RSMDF) has a return on equity of 23.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Resmed's free cash flow?
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.
What is Resmed's operating cash flow?
Resmed (RSMDF) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Resmed's total assets?
Resmed (RSMDF) had $8.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Resmed's capital expenditures?
Resmed (RSMDF) invested $89.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Resmed spend on research and development?
Resmed (RSMDF) invested $331.3M in research and development during fiscal year 2025.
What is Resmed's current ratio?
Resmed (RSMDF) had a current ratio of 3.44 as of fiscal year 2025, which is generally considered healthy.
What is Resmed's debt-to-equity ratio?
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.
What is Resmed's return on assets (ROA)?
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.
What is Resmed's Piotroski F-Score?
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.
Are Resmed's earnings high quality?
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.
How financially healthy is Resmed?
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.