FMC Corporation (FMC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.22	$0.26	+18.2%	—	—	—
Q4 26	-$0.38	-$0.23	+39.5%	—	—	—
Q3 26	$1.2	$1.2	0.0%	—	—	—
Q2 26	$0.85	$0.89	+4.7%	—	—	—
Q1 26	$0.62	$0.69	+11.3%	—	—	—
Q4 25	$0.09	$0.18	+100.0%	—	—	—
Q3 25	$1.6	$1.79	+11.9%	—	—	—
Q2 25	$0.53	$0.69	+30.2%	—	—	—
Q1 25	$0.55	$0.63	+14.5%	—	—	—
Q4 24	$0.34	$0.36	+5.9%	—	—	—
Q3 24	$1.08	$1.07	-0.9%	—	—	—
Q2 24	$0.55	$0.44	-20.0%	—	—	—
Q1 24	$0.61	$0.5	-18.0%	—	—	—
Q4 23	$1.75	$1.77	+1.1%	—	—	—
Q3 23	$2.33	$2.37	+1.7%	—	—	—
Q2 23	$1.12	$1.23	+9.8%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$17.9	—	—	$3.5B	—
FY24	—	$2.73	—	—	$4.2B	—
FY23	—	$10.6	—	—	$4.5B	—
FY22	—	$5.83	—	—	$5.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.5B	$2.5B	$4.3B	$4.6B	$4.6B	$5B	$5.8B	$4.5B	$4.2B	$3.5B
YoY change	+1.92%	-0.3%	+69.3%	+7.57%	+0.7%	+8.68%	+15%	-22.7%	-5.36%	-18.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.5B	2.5B	4.3B	4.6B	4.6B	5B	5.8B	4.5B	4.2B	3.5B
Cost of revenue	1.6B	1.6B	2.4B	2.5B	2.6B	2.9B	3.5B	2.7B	2.6B	2.2B
Gross profit	931.2M	951.8M	1.9B	2.1B	2B	2.2B	2.3B	1.8B	1.6B	1.3B
Gross margin	36.7%	37.6%	43.9%	45.2%	44.1%	42.8%	40.1%	40.8%	38.8%	37%
Research & development	134.5M	138.4M	287.7M	298.1M	287.9M	304.7M	314.2M	328.8M	278M	266.1M
Selling, general & administrative	435.1M	581.7M	790M	792.9M	729.7M	719.7M	783.8M	752.5M	644.6M	684.9M
Operating expenses	606.4M	736.3M	1.1B	1.2B	1B	1B	1.1B	1.1B	997.3M	951M
Operating income	324.8M	215.5M	780.4M	992.6M	1B	1.1B	1.2B	749.7M	726.3M	332M
Operating margin	12.8%	8.51%	18.2%	21.5%	22.2%	22.5%	21.2%	16.7%	17.1%	9.57%
Non-operating income, net	-81.1M	-40.6M	-38.9M	-179.1M	-146.9M	-108M	-93.1M	-212.3M	-238M	-2B
Pretax income	180.8M	95.8M	608.4M	655M	731M	897.8M	983.9M	300.2M	252.5M	-1.9B
Income tax	50.1M	228.9M	70.8M	111.5M	151.2M	92.5M	145.2M	-1.1B	-150.9M	314.2M
Net income	211.7M	538.4M	511.5M	480.2M	551.5M	737.1M	741.5M	1.3B	341.6M	-2.2B
Net margin	8.34%	21.3%	11.9%	10.4%	11.9%	14.6%	12.8%	29.4%	8.05%	-64.5%
EBITDA	403.1M	330.6M	932.6M	1.1B	1.2B	1.3B	1.4B	934M	884.4M	486.9M
EPS	1.56	3.99	3.72	3.64	4.24	5.72	5.83	10.6	2.73	-17.9
Diluted EPS	1.56	3.99	3.69	3.62	4.22	5.7	5.81	10.5	2.72	-17.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	981.9M	1.1B	918M	1B	1.1B	1.2B	791.4M	1.1B	542.2M	1.1B	758.6M	867.1M
Cost of revenue	600.7M	710.4M	578.3M	640.3M	679M	699.6M	474.7M	644.2M	413.3M	652.2M	512M	525M
Gross profit	381.2M	435.7M	339.7M	398.1M	386.4M	524.7M	316.7M	406.3M	128.9M	431.1M	246.6M	342.1M
Gross margin	38.8%	38%	37%	38.3%	36.3%	42.9%	40%	38.7%	23.8%	39.8%	32.5%	39.5%
Research & development	80.9M	81.8M	60.9M	75.9M	69M	72.2M	68.7M	66.4M	63.3M	67.7M	65.5M	60.4M
Selling, general & administrative	171.3M	189.7M	168.2M	164.8M	159.2M	156.7M	172M	176.8M	167.4M	168.7M	185.1M	179.1M
Operating expenses	252.2M	271.5M	229.1M	246.4M	228.2M	228.9M	240.7M	243.2M	230.7M	236.4M	250.6M	239.5M
Operating income	129M	164.2M	110.6M	151.7M	158.2M	295.8M	76M	163.1M	-101.8M	194.7M	-4M	102.6M
Operating margin	13.1%	14.3%	12%	14.6%	14.8%	24.2%	9.6%	15.5%	-18.8%	18%	-0.53%	11.8%
Non-operating income, net	-32.4M	-150.9M	-40.9M	-93.6M	-27M	-66.5M	-21M	-43.3M	-300.1M	-1.6B	-80.4M	-225.6M
Pretax income	32M	-43.4M	8M	-5.5M	72.5M	177.5M	4.9M	58.8M	-466M	-1.5B	-149.2M	-194.3M
Income tax	27.4M	-1.2B	-1.4M	-303.5M	6M	148M	13.5M	14.4M	82.2M	204.1M	112.1M	-1.5M
Net income	-3.7M	1.1B	-3.1M	295.2M	65.6M	-16.1M	-15.6M	67.8M	-568.6M	-1.7B	-281.2M	-186.3M
Net margin	-0.38%	95.7%	-0.34%	28.4%	6.16%	-1.32%	-1.97%	6.45%	-104.9%	-158.9%	-37.1%	-21.5%
EBITDA	170.4M	223.5M	156.3M	191.8M	197M	333.6M	116.5M	199.9M	-64M	234.5M	34.6M	140.4M
EPS	-0.03	8.77	-0.02	2.35	0.52	-0.13	-0.12	0.53	-4.52	-13.7	-2.25	-1.49
Diluted EPS	-0.03	8.77	-0.02	2.35	0.52	-0.13	-0.12	0.53	-4.52	-13.7	-2.25	-1.49

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6.6B	11B	8.6B	13.1B	14.9B	14.1B	15.7B	7.9B	6.1B	1.7B	1.4B
Enterprise value	8.4B	14B	11.2B	16.2B	17.8B	16.9B	18.6B	11.7B	9.2B	5.4B	5.2B
Shares outstanding	133.9M	134.3M	134.4M	130.8M	129.7M	128.4M	126M	125.1M	125M	125.2M	125.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	31	20.5	16.9	27.2	27	19.1	21.2	5.97	17.8	—	29.4
P/S	2.59	4.36	2.01	2.83	3.21	2.8	2.71	1.76	1.43	0.5	0.45
P/B	3.3	4.07	2.69	5.1	5	4.49	4.62	1.78	1.35	0.83	0.71
EV/EBITDA	20.9	42.2	12	14.2	15.1	12.9	13.3	12.5	10.4	11	19.1
EV/Sales	3.32	5.51	2.61	3.51	3.83	3.36	3.2	2.61	2.17	1.54	1.58
Earnings yield	3.22%	4.88%	5.93%	3.68%	3.7%	5.22%	4.72%	16.7%	5.62%	—	3.41%
FCF yield	6.19%	2.7%	3.31%	3.02%	3.89%	5.1%	2.8%	-6.6%	9.93%	-10.2%	11.6%
PEG	—	—	—	—	—	—	—	—	—	—	-0.08

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	36.7%	37.6%	43.9%	45.2%	44.1%	42.8%	40.1%	40.8%	38.8%	37%	39.5%
Operating margin	12.8%	8.51%	18.2%	21.5%	22.2%	22.5%	21.2%	16.7%	17.1%	9.57%	11.8%
Net margin	8.34%	21.3%	11.9%	10.4%	11.9%	14.6%	12.8%	29.4%	8.05%	-64.5%	-84.8%
ROE	10.6%	19.9%	15.9%	18.7%	18.5%	23.4%	21.8%	29.8%	7.58%	-106.6%	-88.4%
ROA	3.45%	5.85%	5.13%	4.86%	5.41%	6.91%	6.64%	11.1%	2.93%	-23.1%	0.58%
ROIC	6.1%	0%	12%	14.5%	13.9%	17.1%	16.7%	9.1%	9.5%	5.81%	3.5%
Return on tangible assets	5.82%	36.1%	33.9%	33.2%	32.8%	30.5%	27.4%	37.1%	9.25%	-46.9%	-60.9%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.98	1.65	1.35	1.5	1.55	1.44	1.43	1.52	1.64	1.32	1.99
Quick ratio	1.65	1.2	1	1.12	1.16	1	1	1.01	1.24	1	1.48
Debt / equity	0.96	1.19	0.84	1.35	1.15	1.06	1.01	0.93	0.78	2	2.65
Debt / assets	0.31	0.35	0.27	0.35	0.34	0.31	0.31	0.34	0.3	0.43	0.47
Net debt / EBITDA	4.61	8.85	2.73	2.74	2.44	2.16	2.04	4.07	3.55	7.42	11
Interest coverage	3.85	2.2	5.52	5.08	5.83	7.85	7.48	2.27	2.07	-6.87	-7.67
Effective tax rate	27.7%	100%	11.6%	17%	20.7%	10.3%	14.8%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	19	18.8	31.9	35.2	35.8	39.3	46	35.9	34	27.7	26
EPS (basic)	1.56	3.99	3.72	3.64	4.24	5.72	5.83	10.6	2.73	-17.9	-17.9
EPS (diluted)	1.56	3.99	3.69	3.62	4.22	5.7	5.81	10.5	2.72	-17.9	-21.5
Book value per share	14.9	20.2	23.9	19.6	23	24.5	27	35.4	36.1	16.8	13.1
FCF per share	3.04	2.21	2.12	3.02	4.48	5.61	3.49	-4.16	4.83	-1.41	0.68
Cash per share	0.48	2.11	1.22	2.59	4.39	4.02	4.54	2.42	2.86	4.67	3.81
Capex per share	0.01	0.02	0.02	—	0	0	0.4	0.05	0	0.77	0.57

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.07%	0.09%	0.07%	—	0%	0%	0.87%	0.13%	0%	2.78%	2.2%
Capex / operating cash flow	0.55%	0.98%	1.19%	—	0%	0%	8.74%	-1.72%	0%	-120.1%	45.8%
Payout ratio	41.9%	16.5%	17.4%	43.8%	41.4%	33.5%	36.1%	22%	85.1%	-13%	223.1%
Dividend yield	1.35%	0.81%	1.03%	1.61%	1.53%	1.75%	1.7%	3.68%	4.78%	16.8%	3.47%

Yield

3.47%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.08

ex-dividend Jun 30, 2026

Payout ratio

223%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.08
Mar 31, 2026	$0.08
Dec 31, 2025	$0.08

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$981.9M	$1.1B	$918M	$1B	$1.1B	$1.2B	$791.4M	$1.1B	$542.2M	$1.1B	$758.6M	$867.1M
YoY change	-28.7%	-29.3%	-31.7%	+2.36%	+8.5%	+6.82%	-13.8%	+1.17%	-49.1%	-11.5%	-4.14%	-17.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	64.2M	283M	163.5M	339.1M	568.9M	516.8M	572M	302.4M	357.3M	584.5M
Receivables	1.7B	2B	2.1B	2.2B	2.3B	2.6B	2.9B	2.7B	2.9B	2.1B
Inventory	478.9M	992.5M	1B	1B	1.1B	1.5B	1.7B	1.7B	1.2B	1.2B
Total current assets	2.8B	3.7B	4B	4.1B	4.4B	5.1B	5.4B	5.1B	5B	5B
Property, plant & equipment	306.6M	562.6M	370.5M	432.6M	405.3M	423.8M	450.5M	474.3M	422.9M	233.9M
Goodwill & intangibles	2.5B	7.7B	8.5B	8.4B	8.5B	8.3B	8.5B	8.4B	8B	4.9B
Total assets	6.1B	9.2B	10B	9.9B	10.2B	10.7B	11.2B	11.9B	11.7B	9.7B
Accounts payable	317.4M	714.2M	795.5M	900.1M	946.7M	1.1B	1.3B	602.4M	768.5M	771M
Short-term debt	94.2M	192.6M	547.7M	259.2M	363.9M	464.3M	562.8M	958.4M	361.9M	1.3B
Total current liabilities	1.4B	2.2B	3B	2.7B	2.8B	3.5B	3.8B	3.4B	3B	3.8B
Long-term debt	1.8B	3B	2.2B	3.2B	3.1B	2.9B	2.9B	3.1B	3.1B	2.9B
Total liabilities	4.1B	6.5B	6.8B	7.3B	7.2B	7.5B	7.8B	7.5B	7.1B	7.6B
Shareholders' equity	2B	2.7B	3.2B	2.6B	3B	3.1B	3.4B	4.4B	4.5B	2.1B
Total debt	1.9B	3.2B	2.7B	3.5B	3.4B	3.3B	3.4B	4.1B	3.5B	4.2B
Net debt	1.9B	2.9B	2.6B	3.1B	2.9B	2.8B	2.9B	3.8B	3.1B	3.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	323.8M	302.4M	417.8M	471.5M	416.7M	357.3M	315.3M	438.2M	497.7M	584.5M	390.9M	476.6M
Receivables	2.6B	2.7B	2.8B	2.7B	2.9B	2.9B	2.9B	3.1B	2.3B	2.1B	2.2B	2.1B
Inventory	2B	1.7B	1.6B	1.4B	1.4B	1.2B	1.4B	1.4B	1.4B	1.2B	1.2B	1.2B
Total current assets	5.3B	5.1B	5.2B	5.2B	5.3B	5B	5.1B	5.5B	5.6B	5B	4.9B	4.7B
Property, plant & equipment	-638.8M	474.3M	-692.2M	-707.4M	-746.9M	422.9M	-762.2M	-792.2M	-840.3M	233.9M	-975.9M	-1B
Goodwill & intangibles	8.1B	8.4B	8B	7.8B	7.9B	8B	7.8B	7.9B	7.5B	4.9B	4.7B	4.6B
Total assets	11B	11.9B	12B	12.1B	12.2B	11.7B	11.8B	12.3B	12.1B	9.7B	9.4B	9.1B
Accounts payable	662.5M	602.4M	589.3M	697.3M	802.9M	768.5M	801.8M	906M	733.6M	771M	634.1M	657.8M
Short-term debt	1.1B	958.4M	1.3B	1.2B	1B	361.9M	975.8M	893.3M	1.3B	1.3B	1.8B	326.3M
Total current liabilities	3.4B	3.4B	3.6B	3.5B	3.6B	3B	3.3B	3.6B	4B	3.8B	3.8B	2.4B
Long-term debt	3B	3.1B	3B	3B	3B	3.1B	3B	3.3B	3.3B	2.9B	2.8B	4B
Total liabilities	7.6B	7.5B	7.6B	7.5B	7.6B	7.1B	7.4B	7.9B	8.3B	7.6B	7.6B	7.5B
Shareholders' equity	3.3B	4.4B	4.3B	4.6B	4.6B	4.5B	4.4B	4.4B	3.8B	2.1B	1.8B	1.7B
Total debt	4.1B	4.1B	4.3B	4.2B	4.1B	3.5B	4B	4.2B	4.5B	4.2B	4.5B	4.3B
Net debt	3.8B	3.8B	3.9B	3.7B	3.7B	3.1B	3.7B	3.7B	4B	3.6B	4.1B	3.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	130.7M	-133.1M	537.6M	543.5M	579.8M	805.3M	838.7M	1.4B	403.4M	-2.2B
Depreciation & amortization	100.6M	97.8M	150.2M	150.1M	162.7M	170.9M	169.4M	184.3M	176.3M	173.6M
Stock-based compensation	20.2M	21.1M	22.5M	25.6M	18.9M	17.8M	24.2M	25.9M	23.8M	24M
Change in working capital	78M	213.3M	-290.9M	-180.1M	-138.9M	-220.1M	-427.7M	-819.2M	373.9M	-394.5M
Operating cash flow	342.5M	223.6M	252.6M	628.8M	700.3M	779.4M	577.9M	-337.2M	686M	-80.2M
Capital expenditure	1.9M	2.2M	3M	—	0	0	50.5M	5.8M	0	-96.3M
Investing cash flow	-9.6M	-1.2B	48.5M	-102M	-133.2M	-31.6M	-124.1M	-20.5M	331.5M	-99.7M
Dividends paid	-88.6M	-88.8M	-89.2M	-210.3M	-228.5M	-247.2M	-267.5M	-290.5M	-290.6M	-291.3M
Share repurchases	-13M	-2.6M	-206.8M	-416.2M	-58.4M	-408M	-108.9M	-81.2M	-2.3M	-1.8M
Financing cash flow	-377M	1.2B	-397.3M	-87M	-250.3M	-747.9M	-237.4M	331.5M	-870.1M	386M
Net change in cash	-44.1M	188.7M	-96.2M	439.8M	316.8M	-100K	216.4M	-26.2M	147.4M	206.1M
Free cash flow	406.6M	297.2M	285.4M	394.6M	580.6M	720M	440.1M	-520.3M	603.2M	-176.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	4.6M	1.2B	9.4M	298M	66.5M	29.5M	-8.6M	44.4M	-548.2M	-1.7B	-261.3M	-192.8M
Depreciation & amortization	45.6M	45.9M	45.7M	44.3M	43.2M	43.1M	43.7M	43.4M	43.4M	43.1M	42M	41.1M
Stock-based compensation	6.2M	6.1M	7.5M	4.9M	5.7M	5.7M	4.2M	6.9M	6.8M	6.1M	3M	7.7M
Change in working capital	-46.5M	596M	-341.4M	23.8M	-40.7M	623.4M	-683.4M	-357.8M	-371.6M	887.8M	-491.7M	185.9M
Operating cash flow	22.7M	644.8M	-342.7M	65.8M	98.9M	755.2M	-672.6M	49.5M	-208.2M	636.8M	-616.6M	344.4M
Capital expenditure	0	0	—	—	0	0	—	-15M	-23.7M	-26M	-16.6M	-5.3M
Investing cash flow	-15.3M	-2.5M	-3M	-6M	-600K	341.1M	-6.4M	-13.4M	-33M	-3.2M	-16.2M	6.2M
Dividends paid	-72.5M	-72.6M	-72.5M	-72.7M	-72.7M	-72.7M	-72.7M	-72.8M	-72.9M	-72.9M	-10M	-10.2M
Share repurchases	0	0	-1.7M	-100K	-400K	-100K	-1.4M	0	-300K	-100K	-900K	-300K
Financing cash flow	-632.5M	-230.6M	305.7M	-221M	-185.5M	-768.6M	552.1M	-173.3M	303.4M	-546.1M	442.3M	-942.6M
Net change in cash	-625.1M	411.7M	-40M	-161.2M	-87.2M	327.7M	-126.9M	-137.2M	62.2M	87.5M	-190.5M	-592M
Free cash flow	34.5M	267.7M	-185.1M	284.9M	125.5M	377.9M	-589.9M	34.5M	-231.9M	610.8M	-633.2M	339.1M

Date	Ratio
Mar 4, 2019	1153:1000
May 25, 2012	2:1
Sep 14, 2007	2:1
May 29, 1986	5:1

FMC Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history