RMD vs. SOLV: ResMed vs. Solventum Stock Comparison

November 11, 2026

How do ResMed (RMD) and Solventum (SOLV) 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

ResMed (RMD) and Solventum (SOLV) both belong to the Health Care Equipment & Supplies industry, though RMD is classified under Health Care Equipment while SOLV falls under Health Care Supplies.

ResMed (RMD) carries decades of public-market history since June 2, 1995, while Solventum (SOLV) listed on March 26, 2024 — long-window comparisons have far more historical data on the RMD side.

Company profile comparison for ResMed (RMD) and Solventum (SOLV)
Profile Item	RMD	SOLV
Name	ResMed Inc.	Solventum Corporation
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Equipment & Supplies	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Equipment	Health Care Supplies
Market Capitalization	33.10 billion USD	15.36 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 2, 1995	March 26, 2024
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

RMD

SOLV

GSPC

ResMed (RMD) vs. Solventum (SOLV), 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

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Trailing total returns for ResMed (RMD) and Solventum (SOLV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ResMed (RMD) and Solventum (SOLV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
Total Return (1Y)	-5.42%	25.89%
Total Return (3Y, Annualized)	18.99%	--
Total Return (5Y, Annualized)	-1.23%	--

Risk Profile

Drawdown History

RMD

SOLV

GSPC

ResMed (RMD) vs. Solventum (SOLV), 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

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

Risk Metrics

Risk profile metrics for ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
Volatility (1Y, Annualized)	30.80%	30.06%
Beta (5Y)	0.75	0.62
Max Drawdown (5Y)	-49.04%	-39.98%
Avg. Volume (3M)	1.32M	1.05M

Risk-Adjusted Performance

Risk-Return Positioning

RMD and SOLV 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 ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
Sharpe Ratio (1Y)	-0.31	0.72
Sortino Ratio (1Y)	-0.43	1.08

Profitability

ROE (TTM)

ResMed (RMD) at 26.40% sits in the top ROE quartile, while Solventum (SOLV) at 3.19% is closer to the peer norm — stronger capital efficiency for RMD.

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%

SOLV

Health Care Equipment & Services industry group

3.19%

Max: 47.61%
Q3: 14.36%
Median: 5.45%
SOLV: 3.19%
Q1: -10.67%
Min: -47.01%

ResMed (RMD) vs. Solventum (SOLV): 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 Solventum (SOLV) at 1.91%, which keeps about the industry-typical share.

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%

SOLV

Health Care Equipment & Services industry group

1.91%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
SOLV: 1.91%
Q1: -6.29%
Min: -28.46%

ResMed (RMD) vs. Solventum (SOLV): 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 Solventum (SOLV) at 6.82%, which runs around its industry’s norm.

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%

SOLV

Health Care Equipment & Services industry group

6.82%

Max: 35.43%
Q3: 14.14%
SOLV: 6.82%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
ROE (TTM)	26.40%	3.19%
ROA (TTM)	14.76%	2.29%
Net Margin (TTM)	27.79%	1.91%
Operating Margin (TTM)	34.82%	6.82%
Gross Margin (TTM)	61.77%	55.13%

Growth

Revenue Growth

ResMed (RMD) at 9.85% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

ResMed (RMD) vs. Solventum (SOLV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Solventum (SOLV) reports EPS growth of 221.74%, ranked against its industry; ResMed (RMD) has no EPS growth figure this period.

ResMed (RMD) vs. Solventum (SOLV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
Revenue Growth (YoY)	9.85%	0.86%
Revenue Growth (3Y CAGR)	10.21%	0.79%
EPS Growth (YoY)	--	221.74%
EPS Growth (3Y CAGR)	19.64%	4.51%

Financial Strength

Current Ratio (MRQ)

ResMed (RMD) at 2.65 keeps current ratio within its industry’s typical mid-range, while Solventum (SOLV) at 1.03 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for SOLV.

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

SOLV

Health Care Equipment & Services industry group

1.03

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
SOLV: 1.03
Min: 0.30

ResMed (RMD) vs. Solventum (SOLV): 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 quartile, while Solventum (SOLV) at 1.10 sits in the higher-leverage quartile.

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

SOLV

Health Care Equipment & Services industry group

1.10

Max: 1.88
SOLV: 1.10
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
Current Ratio (MRQ)	2.65	1.03
Debt / Equity (MRQ)	0.10	1.10
Net Debt / EBITDA	-0.19	4.66

Dividends

Dividend Yield (TTM)

Solventum (SOLV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ResMed (RMD) reports a yield of 1.03%, ranking against industry peers normally.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Solventum (SOLV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile ResMed (RMD) reports a payout of 22.40%, ranking against industry peers normally.

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%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
Dividend Yield (TTM)	1.03%	0.00%
Dividend Payout Ratio (TTM)	22.40%	0.00%

Valuation

P/E Ratio (TTM)

ResMed (RMD) at 21.43 is near its industry’s usual P/E ratio, while Solventum (SOLV) at 101.55 sits above its peer range — an unusually expensive price for SOLV’s trailing earnings.

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

SOLV

Health Care Equipment & Services industry group

101.55

SOLV: 101.55
Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

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

P/S Ratio (TTM)

Solventum (SOLV) at 1.88 is priced about in line with its industry on P/S ratio, while ResMed (RMD) at 5.77 sits in the pricier quartile — RMD costs more per dollar of sales.

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

SOLV

Health Care Equipment & Services industry group

1.88

Max: 8.80
Q3: 4.32
Median: 2.13
SOLV: 1.88
Q1: 1.10
Min: 0.03

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

P/B Ratio (MRQ)

On P/B ratio, both ResMed (RMD) at 5.56 and Solventum (SOLV) at 3.20 are valued close to their industries’ norm against book — neither stands out from peers.

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

SOLV

Health Care Equipment & Services industry group

3.20

Max: 11.68
Q3: 6.12
SOLV: 3.20
Median: 3.00
Q1: 1.73
Min: -1.31

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

Valuation Metrics

Valuation metrics for ResMed (RMD) and Solventum (SOLV)
Metric	RMD	SOLV
P/E Ratio (TTM)	21.43	101.55
P/S Ratio (TTM)	5.77	1.88
P/B Ratio (MRQ)	5.56	3.20
Free Cash Flow Yield (TTM)	3.92%	1.31%