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ResMed Inc.NYSE:RMD Stock Report

Market Cap US$31.0b
Share Price
US$205.02
US$288.21
28.9% undervalued intrinsic discount
1Y-14.6%
7D-6.7%
Portfolio Value
View

ResMed Inc.

NYSE:RMD Stock Report

Market Cap: US$31.0b

ResMed (RMD) Stock Overview

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally. More details

RMD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends4/6

RMD Community Fair Values

Create Narrative

See what 115 others think this stock is worth. Follow their fair value or set your own to get alerts.

ResMed Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for ResMed
Historical stock prices
Current Share PriceUS$205.02
52 Week HighUS$293.81
52 Week LowUS$198.64
Beta0.93
1 Month Change-8.00%
3 Month Change-20.63%
1 Year Change-14.56%
3 Year Change-11.50%
5 Year Change5.05%
Change since IPO30,414.60%

Recent News & Updates

Recent updates

ResMed (RMD): The Sleep Titan Defies the Weight-Loss Disruptor

ResMed Inc. (RMD) , the global vanguard of cloud-connected sleep and respiratory care, enters the final week of April 2026 in a state of defiant operational strength.

RMD: Distribution Expansion And Margin Strength Will Support Future Upside

ResMed's analyst price target has been nudged lower by about $0.33 as analysts balance a slightly higher discount rate with firmer revenue growth, profit margin assumptions, and modest target increases from several firms alongside a more recent $5 trim from Citi. Analyst Commentary Recent Street research around ResMed reflects a mix of optimism on the company’s execution and growth profile, alongside a more cautious stance on valuation and near term expectations.

RMD: Higher Earnings Visibility And Margins Will Support Future Upside

Analysts have lifted the consolidated ResMed price target by $15, reflecting updated views on its long term growth, margin profile and P/E assumptions in light of recent research from Citi, RBC Capital, Stifel, KeyBanc and Baird. Analyst Commentary Recent Street research points to a cluster of higher price targets for ResMed, with different teams revisiting their assumptions around growth durability, margin structure and the P/E multiple they are willing to apply.

ResMed: Waiting For The Next Catalyst, Initiating With Hold Rating

Mar 16

RMD: AI Sleep Personalization And New Distribution Hub Will Support Upside

ResMed's analyst price target has edged lower by about $1 to $296.87, as analysts fine tune their models around slightly different fair value, discount rate, revenue growth, profit margin, and future P/E assumptions, while keeping an overall constructive stance. This stance is reflected in a series of recent target increases across the Street.

RMD: AI Sleep Therapy Personalization Will Support Long Term Upside

ResMed's analyst price target has moved higher by several dollars to reflect a modest adjustment to discount rate assumptions, while multiple firms have raised their targets by $3 to $15. Analysts point to supportive fundamentals for the updated view.

RMD: AI Sleep Therapy Personalization And Buyback Will Support Long Term Upside

Our updated ResMed narrative reflects a modest lift in the implied analyst price target to about $297.47, with analysts pointing to slightly higher assumed revenue growth, a small improvement in profit margins, and a marginally lower future P/E multiple as key drivers of the change. Analyst Commentary Recent Street research shows a cluster of upward price target revisions for ResMed, with several firms lifting their targets by between $3 and $15.

RMD: AI Therapy Personalization Will Support Sustained Long Term Upside Potential

Narrative Update on ResMed Analysts have lifted their price targets on ResMed, supporting a modest fair value adjustment to about $296.40 as they factor in updated expectations for growth, profitability, and a slightly lower future P/E assumption. Analyst Commentary Recent Street research on ResMed points to a cluster of price target increases, with several bullish analysts nudging their targets higher by incremental amounts.

Analyst Commentary Highlights Margin Optimism as ResMed Faces Market Headwinds and Patent Challenge

Analysts have raised their price target for ResMed to $295 from $292, citing improved profit margin expectations and better anticipated gross margin expansion. This comes despite concerns over slower market growth dynamics.

We Think ResMed (NYSE:RMD) Can Manage Its Debt With Ease

Sep 06
We Think ResMed (NYSE:RMD) Can Manage Its Debt With Ease

Calculating The Intrinsic Value Of ResMed Inc. (NYSE:RMD)

Jul 29
Calculating The Intrinsic Value Of ResMed Inc. (NYSE:RMD)

Shareholders Would Enjoy A Repeat Of ResMed's (NYSE:RMD) Recent Growth In Returns

Jun 23
Shareholders Would Enjoy A Repeat Of ResMed's (NYSE:RMD) Recent Growth In Returns

Do ResMed's (NYSE:RMD) Earnings Warrant Your Attention?

Jun 11
Do ResMed's (NYSE:RMD) Earnings Warrant Your Attention?

There's Reason For Concern Over ResMed Inc.'s (NYSE:RMD) Price

May 30
There's Reason For Concern Over ResMed Inc.'s (NYSE:RMD) Price

ResMed (NYSE:RMD) Seems To Use Debt Rather Sparingly

May 18
ResMed (NYSE:RMD) Seems To Use Debt Rather Sparingly

ResMed: Cornering The Market In Sleep Solutions

Apr 24

Revisiting ResMed In 2025: Strong Q2 Financial Results And The Growing Demand For Sleep Apnea Solutions

Feb 10

ResMed: Snoozers Can Be Winners

Feb 01

ResMed: Fully Valued With Medium-Term Challenges (Rating Downgrade)

Jan 24

ResMed: Solid Execution, Pricey Valuation

Nov 25

Why ResMed's Rally Is Just Getting Started

Sep 18

Shareholder Returns

RMDUS Medical EquipmentUS Market
7D-6.7%-4.3%0.8%
1Y-14.6%-18.7%27.7%

Return vs Industry: RMD exceeded the US Medical Equipment industry which returned -18.7% over the past year.

Return vs Market: RMD underperformed the US Market which returned 27.7% over the past year.

Price Volatility

Is RMD's price volatile compared to industry and market?
RMD volatility
RMD Average Weekly Movement4.0%
Medical Equipment Industry Average Movement8.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.2%
10% least volatile stocks in US Market3.3%

Stable Share Price: RMD has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: RMD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198910,600Mick Farrellwww.resmed.com

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally. The company operates in two segments, Sleep and Breathing Health, and Residential Care Software. It offers sleep recorders for the diagnosis and titration of sleep apnea in sleep clinics, hospitals, and at home, including ApneaLink Air, a portable diagnostic device that measures oximetry, respiratory effort, pulse, nasal flow, and snoring; NightOwl, a portable, cloud-connected, and disposable diagnostic device that measures AHI based on derived peripheral arterial tone, actigraphy, and oximetry; and EasyCare Tx, a sleep lab solution.

ResMed Inc. Fundamentals Summary

How do ResMed's earnings and revenue compare to its market cap?
RMD fundamental statistics
Market capUS$31.01b
Earnings (TTM)US$1.49b
Revenue (TTM)US$5.40b
20.0x
P/E Ratio
5.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RMD income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$0
EarningsUS$0

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)10.24
Gross Margin61.47%
Net Profit Margin27.53%
Debt/Equity Ratio10.5%

How did RMD perform over the long term?

See historical performance and comparison

Dividends

1.2%
Current Dividend Yield
22%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/01 11:11
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ResMed Inc. is covered by 46 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David RescottBaird
Michael PolarkBaird
Matthew TaylorBarclays