FMS vs. RMD: Fresenius Medical Care vs. ResMed Stock Comparison

November 11, 2026

How do Fresenius Medical Care (FMS) and ResMed (RMD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Fresenius Medical Care (FMS) and ResMed (RMD) both fall under the Health Care Equipment & Services industry group, but FMS is classified in Health Care Providers & Services while RMD is classified in Health Care Equipment & Supplies.

ResMed (RMD) trades as ordinary local shares, while Fresenius Medical Care (FMS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Fresenius Medical Care (FMS) and ResMed (RMD)
Profile Item	FMS	RMD
Name	Fresenius Medical Care AG - Depositary Receipt	ResMed Inc.
Country/Region	Germany	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Services	Health Care Equipment
Market Capitalization	12.15 billion USD	33.10 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 17, 1996	June 2, 1995
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

FMS

RMD

GSPC

Fresenius Medical Care (FMS) vs. ResMed (RMD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Fresenius Medical Care (FMS) and ResMed (RMD). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Fresenius Medical Care (FMS) and ResMed (RMD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
Total Return (1Y)	-0.71%	-5.42%
Total Return (3Y, Annualized)	13.88%	18.99%
Total Return (5Y, Annualized)	-4.69%	-1.23%

Risk Profile

Drawdown History

FMS

RMD

GSPC

Fresenius Medical Care (FMS) vs. ResMed (RMD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Fresenius Medical Care (FMS) and ResMed (RMD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
Volatility (1Y, Annualized)	30.61%	30.80%
Beta (5Y)	0.77	0.75
Max Drawdown (5Y)	-62.33%	-49.04%
Avg. Volume (3M)	954.21K	1.32M

Risk-Adjusted Performance

Risk-Return Positioning

FMS and RMD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
Sharpe Ratio (1Y)	-0.16	-0.31
Sortino Ratio (1Y)	-0.21	-0.43

Profitability

ROE (TTM)

ResMed (RMD) at 26.40% sits in the top ROE quartile, while Fresenius Medical Care (FMS) at 7.84% is closer to the peer norm — stronger capital efficiency for RMD.

FMS

Health Care Equipment & Services industry group

7.84%

Max: 47.61%
Q3: 14.36%
FMS: 7.84%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

RMD

Health Care Equipment & Services industry group

26.40%

Max: 47.61%
RMD: 26.40%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

ResMed (RMD) at 27.79% retains a top-quartile share of revenue as profit, ahead of Fresenius Medical Care (FMS) at 4.22%, which keeps about the industry-typical share.

FMS

Health Care Equipment & Services industry group

4.22%

Max: 29.35%
Q3: 9.33%
FMS: 4.22%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

RMD

Health Care Equipment & Services industry group

27.79%

Max: 29.35%
RMD: 27.79%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

ResMed (RMD) at 34.82% operates in the top operating margin quartile, ahead of Fresenius Medical Care (FMS) at 9.63%, which runs around its industry’s norm.

FMS

Health Care Equipment & Services industry group

9.63%

Max: 35.43%
Q3: 14.14%
FMS: 9.63%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

RMD

Health Care Equipment & Services industry group

34.82%

Max: 35.43%
RMD: 34.82%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
ROE (TTM)	7.84%	26.40%
ROA (TTM)	3.94%	14.76%
Net Margin (TTM)	4.22%	27.79%
Operating Margin (TTM)	9.63%	34.82%
Gross Margin (TTM)	26.46%	61.77%

Growth

Revenue Growth

ResMed (RMD) at 9.85% is around its peer norm for revenue growth, while Fresenius Medical Care (FMS) at 1.51% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Fresenius Medical Care (FMS) reports EPS growth of 83.61%, ranked against its industry; ResMed (RMD) has no EPS growth figure this period.

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
Revenue Growth (YoY)	1.51%	9.85%
Revenue Growth (3Y CAGR)	0.39%	10.21%
EPS Growth (YoY)	83.61%	--
EPS Growth (3Y CAGR)	13.47%	19.64%

Financial Strength

Current Ratio (MRQ)

ResMed (RMD) at 2.65 keeps current ratio within its industry’s typical mid-range, while Fresenius Medical Care (FMS) at 0.99 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FMS.

FMS

Health Care Equipment & Services industry group

0.99

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
FMS: 0.99
Min: 0.30

RMD

Health Care Equipment & Services industry group

2.65

Max: 7.59
Q3: 4.00
RMD: 2.65
Median: 1.98
Q1: 1.37
Min: 0.30

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

ResMed (RMD) at 0.10 keeps leverage in the lower industry quartile, while Fresenius Medical Care (FMS) at 0.79 runs a more typical debt-to-equity mix.

FMS

Health Care Equipment & Services industry group

0.79

Max: 1.88
Q3: 0.91
FMS: 0.79
Median: 0.58
Q1: 0.16
Min: 0.00

RMD

Health Care Equipment & Services industry group

0.10

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
RMD: 0.10
Min: 0.00

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
Current Ratio (MRQ)	0.99	2.65
Debt / Equity (MRQ)	0.79	0.10
Net Debt / EBITDA	3.63	-0.19

Dividends

Dividend Yield (TTM)

Both Fresenius Medical Care (FMS) at 6.30% and ResMed (RMD) at 1.03% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

FMS

Health Care Equipment & Services industry group

6.30%

FMS: 6.30%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

RMD

Health Care Equipment & Services industry group

1.03%

RMD: 1.03%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Fresenius Medical Care (FMS) at 50.14% and ResMed (RMD) at 22.40% pay out more of their earnings than any of their industry peers — the thinnest cover in their groups, so dividend headroom deserves attention.

FMS

Health Care Equipment & Services industry group

50.14%

FMS: 50.14%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

RMD

Health Care Equipment & Services industry group

22.40%

RMD: 22.40%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
Dividend Yield (TTM)	6.30%	1.03%
Dividend Payout Ratio (TTM)	50.14%	22.40%

Valuation

P/E Ratio (TTM)

Fresenius Medical Care (FMS) at 13.53 sits in the cheaper P/E ratio quartile, while ResMed (RMD) at 21.43 is closer to its industry’s usual earnings multiple — a discount for FMS, though growth and earnings durability still matter.

FMS

Health Care Equipment & Services industry group

13.53

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
FMS: 13.53
Min: 4.21

RMD

Health Care Equipment & Services industry group

21.43

Max: 80.41
Q3: 47.62
Median: 29.93
RMD: 21.43
Q1: 21.19
Min: 4.21

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Fresenius Medical Care (FMS) at 0.62 looks cheap on sales in the lower P/S ratio quartile, while ResMed (RMD) at 5.77 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

FMS

Health Care Equipment & Services industry group

0.62

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
FMS: 0.62
Min: 0.03

RMD

Health Care Equipment & Services industry group

5.77

Max: 8.80
RMD: 5.77
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Fresenius Medical Care (FMS) at 0.85 sits in the lower P/B ratio quartile against book while ResMed (RMD) at 5.56 is valued near its industry’s middle — FMS is cheaper on assets, though weigh it against ROE and asset quality.

FMS

Health Care Equipment & Services industry group

0.85

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
FMS: 0.85
Min: -1.31

RMD

Health Care Equipment & Services industry group

5.56

Max: 11.68
Q3: 6.12
RMD: 5.56
Median: 3.00
Q1: 1.73
Min: -1.31

Fresenius Medical Care (FMS) vs. ResMed (RMD): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Fresenius Medical Care (FMS) and ResMed (RMD)
Metric	FMS	RMD
P/E Ratio (TTM)	13.53	21.43
P/S Ratio (TTM)	0.62	5.77
P/B Ratio (MRQ)	0.85	5.56
Free Cash Flow Yield (TTM)	12.29%	3.92%