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Stocks/Health Care/Health Care Equipment

ResMedRMD

Health Care Equipment · San Diego, California · In the S&P 500
High quality
$229.94−9.05%After hours: $229.94 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 9.3% over 1 year
ResMed over 1 yearDaily close, $, to 30 Oct 2026
$200$250Nov2026MarMayJulSep$229.94$200$250NovMarJul$229.94
Source: Nasdaq daily closes
Market value$32.34B
Price to earnings20.9x
Forward P/E19.0x
Dividend yield1.15%
Year to date−4.5%
One year−9.3%
Next earningsNot scheduled
SectorHealth Care
52-week range (closes)
$182.82$275.96

Quality and valuation

How ResMed compares with other health care stocks. A description, not a recommendation.

ResMed and 7 health care equipment peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: stronger than mostValuation: in line with its sector

A stronger business than most health care companies, priced about in line with them.

ResMed trades at 19.0 times the next 12 months of expected earnings, against a median of 19.1x for the 65 health care stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +9.0% vs +7.8%
  • Keeps less of each sale (gross margin): 61.1% vs 65.3%
  • More profitable (operating margin): 33.0% vs 13.3%
  • Turns more of its sales into cash: 28.1% vs 15.9%
RMD trades at 19.0x forward earnings, below the sector medianForward p/e, Health Care Equipment peers
BSX13.8xBDX15.0xMDT16.1xSYK18.4xABT18.6xRMD19.0xEW29.3xISRG37.5xSector median 19.1xBSX13.8xBDX15.0xMDT16.1xSYK18.4xABT18.6xRMD19.0xEW29.3xISRG37.5xSector median 19.1x
Source: CNBC quotes; Mostly Markets
At 20.9x earnings, RMD is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
25x30xAverage 25.9x2025202620.9x30xAverage 25.9x2025202620.9x
Source: Nasdaq prices; SEC filings

Financials

From ResMed's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 5.9% from a year earlierQuarterly revenue, $bn, latest Q1 ’27
$0.0bn$0.5bn$1.0bnQ2 ’25Q4 ’25Q2 ’26$1.4bnQ1 ’27$0.0bn$0.5bn$1.0bnQ2 ’25Q4 ’25Q2 ’26$1.4bnQ1 ’27
Source: SEC filings
Growth slowed to +5.9% last quarterRevenue growth, year on year, %
0%5%10%Q2 ’25Q4 ’25Q2 ’265.9%Q1 ’270%5%10%Q2 ’25Q4 ’25Q2 ’265.9%Q1 ’27
Source: SEC filings
Operating margin was 32.0% last quarterOperating income as a share of revenue, %
0%10%20%30%Q2 ’25Q4 ’25Q2 ’2632.0%Q1 ’270%20%Q2 ’25Q4 ’25Q2 ’2632.0%Q1 ’27
Source: SEC filings
Free cash flow was $1.6 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$200m$400mQ2 ’25Q4 ’25Q2 ’26$374mQ1 ’27$0m$200m$400mQ2 ’25Q4 ’25Q2 ’26$374mQ1 ’27
Source: SEC filings
Last 12 monthsRMDSector median
Revenue growth+9.0%+7.8%
Gross margin61.1%65.3%
Operating margin33.0%13.3%
Free cash flow margin28.1%15.9%
Price to earnings20.9x30.2x

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Similar companies

Health Care Equipment, by market value.

CompanyPriceTodayYTDValue
ABTAbbott Laboratories$106.20+1.56%−15.2%$184B
ISRGIntuitive Surgical$432.01−3.73%−23.7%$150B
MDTMedtronic$96.54−0.59%+0.5%$123B
SYKStryker$291.86−6.38%−17.0%$112B
BSXBoston Scientific$41.98−1.66%−56.0%$60.84B
BDXBecton Dickinson$197.88−0.23%+27.4%$53.90B
EWEdwards Lifesciences$92.01−2.57%+7.9%$53.03B
IDXXIdexx Laboratories$551.21−4.30%−18.5%$43.42B