Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

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RMD stock analysis · Health Care · Health Care Equipment

FY 2025-06-30ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$194.88HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$28.1B

Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$174.98

Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -10.2% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

7.6%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

41.1%

14 industry peers · median 28.3×

How this is calculated ↗
Valuation

Historical multiples

32.9×

7 annual observations · snapshot P/E 20.1× · -39.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

5.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

24.7%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

60/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

18.9%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

1.9%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-4.7%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

6.2%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 1.8B2021-06-30: cfo $736,718,000.002021-06-30: capex $102,712,000.0020212022-06-30: cfo $351,147,000.002022-06-30: capex $134,835,000.0020222023-06-30: cfo $693,299,000.002023-06-30: capex $119,672,000.0020232024-06-30: cfo $1,401,260,000.002024-06-30: capex $99,460,000.0020242025-06-30: cfo $1,751,588,000.002025-06-30: capex $89,865,000.0020252026-06-30: cfo $1,805,829,000.002026-06-30: capex $156,285,000.002026
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$219.48$239.47$260.97
10.0%$160.83$174.98$190.18
12.0%$126.88$137.68$149.26

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2026-06-305.7B1.5B1.8B156.3M9B
2025-06-305.1B1.4B1.8B89.9M8.2B
2024-06-304.7B1B1.4B99.5M6.9B
2023-06-304.2B897.6M693.3M119.7M6.8B
2022-06-303.6B779.4M351.1M134.8M5.1B
2021-06-303.2B474.5M736.7M102.7M4.7B
2020-06-303B621.7M802.3M95.3M4.6B
2019-06-302.6B404.6M459.1M68.7M4.1B
2018-06-302.3B315.6M505M62.6M3.1B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue5.1BRevenueFromContractWithCustomerExcludingAssessedTax2026-08-13
netIncome1.4BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-08-13
Parent/common earnings proxy1.4BNetIncomeLoss2026-08-13
cfo1.8BNetCashProvidedByUsedInOperatingActivities2026-08-13
capex89.9MPaymentsToAcquirePropertyPlantAndEquipment2026-08-13
operatingIncome1.7BOperatingIncomeLoss2026-08-13
assets8.2BAssets2026-08-13
equity6BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-08-13
Parent book equity proxy6BStockholdersEquity2026-08-13
debt658.4MLongTermDebt2026-08-13
shortDebt9.9MShortTermBorrowings2026-08-13
cash1.2BCashAndCashEquivalentsAtCarryingValue2026-08-13
shares147.3MWeightedAverageNumberOfDilutedSharesOutstanding2026-08-13
dividends310.9MPaymentsOfDividends2026-08-13
buybacks300MPaymentsForRepurchaseOfCommonStock2026-08-13
issuance74.4MProceedsFromIssuanceOfCommonStock2026-08-13