RMD Resmed margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 91

Gross margin

61.1%

Operating margin

33%

EBITDA margin

39.5%

Net margin

27.8%

Recent Resmed shows a gross margin of 61.1%, an operating margin of 33%, an EBITDA margin of 39.5%, and a net margin of 27.8%. EBITDA margin improved the most, by 1.7 percentage points, while operating margin declined the most, by 0.2 percentage points.

RMD margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Resmed's margins averaged 58.87% gross, 31.13% operating, 35.38% EBITDA, and 25.11% net. All four current margins are above their three-year averages.

RMD margin expansion

Year-over-year margin changes in percentage points

The strongest improvement was in EBITDA margin, which increased by 1.7 percentage points, and gross margin also expanded by 1.1 percentage points and net margin also expanded by 0.4 percentage points, whereas operating margin contracted by 0.2 percentage points.

Gross margin expansion

1.1pp

Operating margin expansion

-0.2pp

EBITDA margin expansion

1.7pp

Net margin expansion

0.4pp

RMD Gross margin

Resmed recorded an average gross margin of 58.87% across the last 3 years. Resmed's current gross margin is 61.1% and is 2.2 percentage points above its three-year average. Looking back over the last 3 years, Resmed's gross margin reached 61.5% at its highest point in Mar 2026 and 55.1% at its lowest in Dec 2023.

RMD Operating margin

Across the last 3 years, Resmed had an average operating margin of 31.13%. Resmed's current operating margin is 33% and is 1.9 percentage points above its three-year average. Looking back over the last 3 years, Resmed's operating margin reached 34.2% at its highest point in Mar 2026 and 25.3% at its lowest in Dec 2023.

RMD EBITDA margin

Over the last 3 years, Resmed's EBITDA margin averaged 35.38%. The current EBITDA margin of 39.5% is 4.1 percentage points above its three-year average. During this period, EBITDA margin reached a high of 39.5% in Sep 2026 and a low of 29.4% in Dec 2023.

RMD Net margin

In the last 3 years, Resmed had an average net margin of 25.11%. Currently, Resmed's current net margin is 27.8%, which is 2.7 percentage points above its three-year average. Looking back over the last 3 years, Resmed's net margin reached 27.8% at its highest point in Sep 2026 and 19.8% at its lowest in Dec 2023.

RMD margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 61.1%, RMD is above the industry and its peers average but below the Healthcare sector average. Compared to its Healthcare sector average of 68.3%, Resmed's gross margin is 11% lower.

RMD margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Resmed's gross margin?

As of Sep 30, 2026, RMD has a gross margin of 61.1%.

What is Resmed's operating margin?

The current operating margin for RMD is 33% as of Sep 30, 2026.

What is Resmed's EBITDA margin?

For the period ending Sep 30, 2026, RMD recorded an EBITDA margin of 39.5%.

What is Resmed's net margin?

For the period ending Sep 30, 2026, RMD recorded a net margin of 27.8%.

What are the average margins of RMD?

Over the past 3 years, RMD reported average margins of 58.9% gross, 31.1% operating, 35.4% EBITDA, and 25.1% net.

What are the highest historical margins of RMD?

Over this 5-year history, RMD peaked at 61.5% gross in Mar 2026, 34.2% operating in Mar 2026, 39.5% EBITDA in Sep 2026, and 27.8% net in Sep 2026.

What are the lowest historical margins of RMD?

Resmed's lowest recorded margins during the past 5 years were 55.1% gross in Dec 2023, 25.3% operating in Dec 2023, 29.4% EBITDA in Dec 2023, and 15.2% net in Dec 2021.