Resmed Inc.

Resmed Inc.

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Market Cap$27.64B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Resmed Inc.Resmed Inc.18.41.26%23%50.2

Earnings Call Q3 2026

April 30, 2026 - AI Summary

Strong Financial Performance: ResMed Inc. reported a headline revenue growth of 11% to $1.43 billion in Q3 FY2026, with a 21% increase in non-GAAP diluted earnings per share. Gross margins expanded by 290 basis points year over year, reflecting improved component costs and efficiencies, while operating profit grew by 18%. The company also achieved a robust free cash flow of $520 million.
Acquisition of Noctrix Health: ResMed has signed an agreement to acquire Noctrix Health for $340 million, expected to close on June 1, 2026. This acquisition targets the $24 million revenue run rate market for restless leg syndrome, which has a significant overlap with ResMed's core sleep health market. The strategic entry into this segment is anticipated to boost growth given Noctrix's higher margins and faster growth compared to ResMed’s current offerings.
Market Challenges: The company is facing geopolitical uncertainties impacting fuel costs and external pressures on component pricing. Despite these challenges, management remains committed to achieving gross margin growth, targeting year-over-year improvements of double-digit basis points through operational efficiency initiatives.

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$256.67

Target Price by Analysts

37.7% upsideResmed Target Price DetailsTarget Price
$488.81

Current Fair Value

162.2% upside

Undervalued by 162.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$27.64 Billion
Enterprise Value$27.17 Billion
Dividend Yield$2.40 (1.26%)
Earnings per Share$9.55
Beta0.85
Outstanding Shares146,472,000

Return

Return on Equity23.41%ROE
Return on Assets17.30%
Return on Invested Capital25.63%

Valuation & Multiples

P/E Ratio18.37P/E Ratio
PEG199.03PEG
Price to Sales5.04Price to Sales
Price to Book Ratio4.24Price to Book Ratio
Enterprise Value to Revenue4.91
Enterprise Value to EBIT14.26
Enterprise Value to Net Income17
Total Debt to Enterprise0.04
Debt to Equity0.18Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
April 30, 2026
EPS Estimate
$2.80
Average shareholder expectation
Revenue Estimate
$1.42 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$2.90
Average shareholder expectation
Revenue Estimate
$1.47 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio3.6636 27.70%
Total Calls230,100 25.56%
Total Puts843,000 19.47%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %66.28% 0.06%
Total Invested$21.69B 7.19%
Investors Holding957 20.00%

ESG Score

No data

About Resmed Inc.

CEO: Michael Farrell

Relevant Senate Committees

Finance

This committee controls taxation, trade, and entitlement spending (Medicare, Medicaid). Its decisions directly impact Resmed's corporate tax burden, supply chain costs, and the reimbursement rates and coverage for its medical devices.

Appropriations

This committee directly allocates federal spending. Its subcommittees determine precise funding for healthcare programs (e.g., HHS, VA), directly impacting reimbursement for Resmed's products and government purchasing.

Health, Education, Labor, and Pensions

This committee directly regulates the FDA, which is the primary body overseeing medical device approval, manufacturing standards, and post-market surveillance—all critical to Resmed's operations.

Judiciary

This committee's oversight of intellectual property (patents for medical devices) and antitrust laws directly impacts Resmed's competitive landscape, innovation protection, and potential M&A activities.

Veterans' Affairs

Resmed's respiratory and sleep apnea devices are highly relevant to veterans' healthcare. Committee funding decisions for the Department of Veterans Affairs directly impact procurement and services for medical device manufacturers selling to the VA.