FMC (FMC) Financials

$35.70 -0.21 (-0.58%)

Closing price 05/6/2025 03:59 PM Eastern

Extended Trading

$36.32 +0.62 (+1.74%)

As of 08:00 AM Eastern

Annual Income Statements for FMC

This table shows FMC's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	489	209	1,072	502	477	552	740	737	1,322	341
Consolidated Net Income / (Loss)	499	212	1,074	512	480	552	737	742	1,321	342
Net Income / (Loss) Continuing Operations	-213	131	-133	538	544	580	805	839	1,420	403
Total Pre-Tax Income	-207	181	96	608	655	731	898	984	300	253
Total Operating Income	-147	243	159	741	822	897	1,035	1,144	556	507
Total Gross Profit	800	931	952	1,880	2,084	2,047	2,161	2,327	1,831	1,649
Total Revenue	2,491	2,539	2,531	4,285	4,610	4,642	5,045	5,802	4,487	4,246
Operating Revenue	2,491	2,539	2,531	4,285	4,610	4,642	5,045	5,802	4,487	4,246
Total Cost of Revenue	1,691	1,608	1,579	2,406	2,526	2,595	2,884	3,476	2,656	2,597
Operating Cost of Revenue	1,691	1,608	1,579	2,406	2,526	2,595	2,884	3,476	2,656	2,597
Total Operating Expenses	947	688	793	1,139	1,262	1,150	1,127	1,183	1,275	1,142
Selling, General & Admin Expense	661	435	582	790	793	730	714	775	734	645
Research & Development Expense	136	135	138	288	298	288	305	314	329	278
Restructuring Charge	150	95	73	61	171	132	108	93	212	220
Total Other Income / (Expense), net	-61	-62	-63	-133	-167	-166	-137	-160	-255	-254
Interest Expense	62	64	80	135	160	151	131	152	237	236
Interest & Investment Income	1.30	1.10	1.00	1.50	1.90	-15	-5.60	-8.60	-18	-18
Income Tax Expense	5.20	50	229	71	112	151	93	145	-1,119	-151
Net Income / (Loss) Discontinued Operations	711	81	1,343	-26	-63	-28	-68	-97	-99	-62
Net Income / (Loss) Attributable to Noncontrolling Interest	9.50	2.60	2.60	9.40	2.80	-0.90	-2.50	5.00	-0.50	0.50
Basic Earnings per Share	$3.66	$1.56	$3.99	$3.72	$3.64	$4.26	$5.76	$5.83	$10.55	$2.73
Weighted Average Basic Shares Outstanding	133.70M	133.89M	134.26M	134.41M	129.12M	129.35M	125.70M	125.11M	124.76M	124.84M
Diluted Earnings per Share	$3.66	$1.56	$3.99	$3.69	$3.62	$4.23	$5.73	$5.81	$10.53	$2.72
Weighted Average Diluted Shares Outstanding	133.70M	133.89M	134.26M	134.41M	129.12M	129.35M	125.70M	125.11M	124.76M	124.84M
Weighted Average Basic & Diluted Shares Outstanding	133.70M	133.89M	134.26M	134.41M	129.12M	129.35M	125.70M	125.11M	124.76M	124.84M
Cash Dividends to Common per Share	$0.66	$0.66	$0.66	$0.90	$1.64	$1.80	$1.96	$2.17	$2.32	$2.32

This table shows FMC's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	121	274	196	31	-3.50	1,099	-2.70	295	65	-16	-16
Consolidated Net Income / (Loss)	118	280	196	32	-3.70	1,096	-3.10	295	66	-16	-16
Net Income / (Loss) Continuing Operations	135	335	207	54	4.60	1,154	9.40	596	67	-268	-8.60
Total Pre-Tax Income	171	348	249	63	32	-43	8.00	-5.50	73	178	4.90
Total Operating Income	211	395	305	132	101	18	74	62	136	235	58
Total Gross Profit	478	686	581	433	381	436	340	398	386	525	317
Total Revenue	1,377	1,622	1,344	1,015	982	1,146	918	1,038	1,065	1,224	791
Operating Revenue	1,377	1,622	1,344	1,015	982	1,146	918	1,038	1,065	1,224	791
Total Cost of Revenue	900	936	763	582	601	710	578	640	679	700	475
Operating Cost of Revenue	900	936	763	582	601	710	578	640	679	700	475
Total Operating Expenses	267	291	277	301	280	418	266	336	251	290	259
Selling, General & Admin Expense	179	213	186	206	171	172	164	165	159	157	172
Research & Development Expense	79	84	78	88	81	82	61	76	69	72	69
Restructuring Charge	9.00	-5.80	13	7.30	28	164	41	95	23	61	18
Total Other Income / (Expense), net	-40	-47	-56	-69	-69	-62	-66	-68	-63	-57	-53
Interest Expense	42	45	51	69	65	52	62	64	59	52	50
Interest & Investment Income	1.70	-2.10	-4.60	-	-4.20	-	-4.30	-4.20	-4.40	-5.30	-3.20
Income Tax Expense	36	12	41	9.20	27	-1,197	-1.40	-304	6.00	148	14
Net Income / (Loss) Discontinued Operations	-16	-55	-12	-22	-8.30	-57	-13	-5.60	-0.90	-43	-7.00
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.70	6.50	-0.10	1.90	-0.20	-2.10	-0.40	0.10	0.60	0.20	-0.10
Basic Earnings per Share	$0.96	$2.16	$1.56	$0.24	($0.03)	$8.78	($0.02)	$2.35	$0.52	($0.12)	($0.12)
Weighted Average Basic Shares Outstanding	125.97M	125.11M	125.04M	124.73M	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M
Diluted Earnings per Share	$0.95	$2.16	$1.55	$0.24	($0.03)	$8.77	($0.02)	$2.35	$0.52	($0.13)	($0.12)
Weighted Average Diluted Shares Outstanding	125.97M	125.11M	125.04M	124.73M	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M
Weighted Average Basic & Diluted Shares Outstanding	125.97M	125.11M	125.04M	124.73M	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M

This table details how cash moves in and out of FMC's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-151	-16	181	-121	177	230	-52	55	-270	55
Net Cash From Operating Activities	-417	498	336	368	489	629	820	582	-386	671
Net Cash From Continuing Operating Activities	-471	369	232	363	556	737	899	660	-300	737
Net Income / (Loss) Continuing Operations	-213	131	-133	538	544	580	805	839	1,420	403
Consolidated Net Income / (Loss)	499	212	538	512	480	552	737	742	1,321	342
Net Income / (Loss) Discontinued Operations	711	81	672	-26	-63	-28	-68	-97	-99	-62
Depreciation Expense	77	101	98	150	150	163	171	169	184	176
Non-Cash Adjustments To Reconcile Net Income	-179	-2.80	-59	90	30	-66	416	184	8.80	123
Changes in Operating Assets and Liabilities, net	-215	141	326	-415	-168	41	-493	-533	-1,913	34
Net Cash From Discontinued Operating Activities	113	129	104	5.70	-67	-89	-79	-78	-86	-66
Net Cash From Investing Activities	280	-137	-2,584	-131	-187	-169	-112	-266	-154	264
Net Cash From Continuing Investing Activities	-1,230	-101	-2,539	-38	-196	-200	-132	-266	-154	264
Purchase of Property, Plant & Equipment	-53	-91	-1,289	-132	-142	-114	-113	-142	-134	-68
Acquisitions	-1,205	0.00	-	-	0.00	-66	-5.20	-198	-17	-4.80
Sale of Property, Plant & Equipment	-	-	38	-	-	-	0.00	51	5.80	0.00
Divestitures	-	-	1,264	20	-	-	-	0.00	0.00	340
Other Investing Activities, net	-40	-12	25	-14	-54	-20	-14	24	-9.80	-3.70
Net Cash From Financing Activities	-14	-377	2,426	-363	-124	-250	-748	-237	332	-870
Net Cash From Continuing Financing Activities	-14	-375	2,426	-397	-87	-250	-748	-237	332	-868
Repayment of Debt	-1,584	-262	-3.10	-555	-1,011	-3.00	-1,098	114	-799	0.00
Repurchase of Common Equity	0.00	-11	-	-200	-400	-50	-408	-109	-81	0.00
Payment of Dividends	-86	-109	89	-89	-210	-237	-247	-268	-291	-291
Issuance of Debt	1,650	2.80	3,125	80	1,500	27	1,000	0.00	1,499	-577
Issuance of Common Equity	5.90	4.10	23	374	51	25	7.90	9.40	5.30	0.20
Other Financing Activities, net	-	-	2.60	-6.80	-16	-12	-2.40	16	-0.80	0.00
Effect of Exchange Rate Changes	-	-	4.00	4.50	-0.20	1.60	-12	-23	-60	-9.70

This table details how cash moves in and out of FMC's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-228	208	-78	447	-618	-21	115	54	-55	-59	-42
Net Cash From Operating Activities	397	619	-864	117	68	293	-164	295	141	400	-558
Net Cash From Continuing Operating Activities	418	644	-851	132	102	318	-143	292	160	428	-545
Net Income / (Loss) Continuing Operations	135	335	207	54	4.60	1,154	9.40	298	67	30	-8.60
Consolidated Net Income / (Loss)	118	280	196	32	-3.70	1,096	-3.10	295	66	-16	-16
Net Income / (Loss) Discontinued Operations	-16	-55	-12	-22	-8.30	-57	-13	-2.80	-0.90	-46	-7.00
Depreciation Expense	41	43	45	48	46	46	46	44	43	43	44
Non-Cash Adjustments To Reconcile Net Income	73	257	-666	418	-40	297	-195	96	45	178	-413
Changes in Operating Assets and Liabilities, net	169	9.20	-437	-389	91	-1,178	-3.10	-146	4.90	178	-167
Net Cash From Discontinued Operating Activities	-20	-26	-13	-14	-34	-25	-22	2.60	-18	-28	-13
Net Cash From Investing Activities	-229	28	-54	-24	-48	-28	-24	-16	-16	320	-38
Net Cash From Continuing Investing Activities	-229	28	-54	-24	-48	-28	-24	-16	-16	320	-38
Purchase of Property, Plant & Equipment	-35	-34	-47	-29	-33	-25	-21	-9.90	-16	-22	-32
Other Investing Activities, net	-194	209	-7.50	-1.00	-15	14	-3.00	-6.00	-0.60	5.90	-6.40
Net Cash From Financing Activities	-388	-435	840	354	-633	-231	306	-221	-186	-769	552
Net Cash From Continuing Financing Activities	-388	-435	840	354	-633	-231	306	-221	-186	-766	552
Repayment of Debt	-722	116	941	-1,023	-561	-157	380	-380	119	-119	-1.30
Repurchase of Common Equity	-0.30	-100	-31	-51	-	-	-1.70	-0.10	-0.40	2.20	-1.40
Payment of Dividends	-67	-67	-73	-73	-73	-73	-73	-73	-73	-73	-80
Issuance of Debt	401	-401	-	-	-	-	-	-	-232	-577	635
Issuance of Common Equity	0.10	1.00	2.30	1.60	1.30	0.10	0.00	0.20	-	-	0.20
Effect of Exchange Rate Changes	-8.20	-3.00	0.40	-0.30	-4.40	-56	-	-	-	-	2.20

This table presents FMC's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	6,326	6,139	9,206	9,974	9,873	10,186	10,673	11,171	11,926	11,653
Total Current Assets	2,972	2,849	3,653	4,030	4,075	4,376	5,054	5,439	5,129	4,958
Cash & Equivalents	79	64	283	134	339	569	517	572	302	357
Accounts Receivable	1,851	1,693	2,044	2,144	2,231	2,330	2,584	2,871	2,703	2,903
Inventories, net	800	479	993	1,026	1,017	1,096	1,522	1,652	1,725	1,202
Prepaid Expenses	242	232	326	433	488	381	431	344	399	496
Plant, Property, & Equipment, net	1,016	538	1,025	757	758	772	817	850	893	850
Total Noncurrent Assets	2,338	2,752	4,528	5,187	5,040	5,039	4,802	4,883	5,905	5,845
Long-Term Investments	2.50	1.00	1.40	0.70	0.70	3.10	9.20	15	20	26
Goodwill	776	499	1,199	1,468	1,468	1,469	1,463	1,589	1,594	1,507
Intangible Assets	837	720	2,632	2,703	2,629	2,625	2,522	2,508	2,465	2,361
Noncurrent Deferred & Refundable Income Taxes	287	242	253	273	257	230	194	211	1,337	1,524
Other Noncurrent Operating Assets	435	455	444	383	685	712	614	561	490	428
Total Liabilities & Shareholders' Equity	6,326	6,139	9,206	9,974	9,873	10,186	10,673	11,171	11,926	11,653
Total Liabilities	4,418	4,146	6,499	6,764	7,311	7,202	7,529	7,770	7,493	7,145
Total Current Liabilities	1,453	1,438	2,209	2,993	2,724	2,829	3,520	3,800	3,385	3,019
Short-Term Debt	113	94	193	548	228	338	441	541	934	337
Accounts Payable	404	317	714	796	900	947	1,135	1,252	602	769
Accrued Expenses	594	605	764	936	961	970	1,038	1,067	1,166	1,245
Current Deferred Revenue	250	240	381	458	493	347	631	681	482	454
Current Deferred & Payable Income Tax Liabilities	20	11	99	85	62	82	65	115	124	123
Current Employee Benefit Liabilities	6.40	7.10	5.70	6.20	4.30	4.20	4.30	2.30	6.40	6.40
Other Current Liabilities	67	105	52	67	76	141	206	142	70	86
Total Noncurrent Liabilities	2,964	2,708	4,290	3,771	4,587	4,373	4,009	3,971	4,108	4,125
Long-Term Debt	2,036	1,799	2,993	2,145	3,031	2,930	2,732	2,733	3,024	3,028
Asset Retirement Reserve & Litigation Obligation	282	306	346	459	471	444	416	439	495	521
Noncurrent Deferred & Payable Income Tax Liabilities	173	130	173	331	333	350	342	322	158	86
Noncurrent Employee Benefit Liabilities	194	137	59	47	44	46	42	32	24	19
Other Noncurrent Operating Liabilities	279	268	718	743	708	604	477	445	407	471
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,908	1,993	2,707	3,210	2,561	2,984	3,144	3,401	4,433	4,509
Total Preferred & Common Equity	1,866	1,958	2,682	3,121	2,532	2,962	3,124	3,378	4,411	4,488
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,866	1,958	2,682	3,121	2,532	2,962	3,124	3,378	4,411	4,488
Common Stock	436	437	469	795	848	879	899	928	954	985
Retained Earnings	3,385	3,506	3,952	4,334	4,189	4,506	5,093	5,556	6,587	6,638
Treasury Stock	-1,498	-1,507	-1,500	-1,699	-2,093	-2,141	-2,542	-2,646	-2,724	-2,725
Accumulated Other Comprehensive Income / (Loss)	-457	-478	-240	-309	-412	-282	-326	-460	-407	-411
Noncontrolling Interest	43	35	25	89	29	22	19	23	23	21

This table presents FMC's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	10,765	11,171	11,732	11,952	10,956	11,926	11,978	12,131	12,219	11,653	11,801
Total Current Assets	5,111	5,439	6,022	6,267	5,322	5,129	5,198	5,210	5,316	4,958	5,078
Cash & Equivalents	364	572	494	942	324	302	418	472	417	357	315
Accounts Receivable	2,600	2,871	3,202	2,783	2,565	2,703	2,818	2,702	2,891	2,903	2,900
Inventories, net	1,732	1,652	1,911	2,072	1,999	1,725	1,587	1,435	1,392	1,202	1,374
Prepaid Expenses	415	344	414	470	435	399	375	601	616	496	488
Plant, Property, & Equipment, net	790	850	863	868	873	893	876	861	869	850	859
Total Noncurrent Assets	4,865	4,883	4,848	4,817	4,762	5,905	5,905	6,059	6,034	5,845	5,865
Long-Term Investments	10	15	18	18	19	20	20	23	25	26	26
Goodwill	1,574	1,589	1,592	1,592	1,585	1,594	1,588	1,509	1,518	1,507	1,515
Intangible Assets	2,473	2,508	2,500	2,489	2,453	2,465	2,433	2,413	2,422	2,361	2,367
Noncurrent Deferred & Refundable Income Taxes	184	211	219	219	209	1,337	1,375	1,664	1,621	1,524	1,527
Other Noncurrent Operating Assets	623	561	519	500	495	490	489	450	448	428	430
Total Liabilities & Shareholders' Equity	10,765	11,171	11,732	11,952	10,956	11,926	11,978	12,131	12,219	11,653	11,801
Total Liabilities	7,561	7,770	8,238	8,574	7,642	7,493	7,646	7,550	7,589	7,145	7,389
Total Current Liabilities	3,632	3,800	4,668	4,353	3,447	3,385	3,553	3,523	3,588	3,019	3,305
Short-Term Debt	826	541	1,879	1,661	1,093	934	1,311	1,153	1,043	337	976
Accounts Payable	1,046	1,252	1,183	1,033	663	602	589	697	803	769	802
Accrued Expenses	1,469	1,067	1,334	1,428	1,483	1,166	1,361	1,481	1,574	1,245	1,347
Current Deferred Revenue	3.30	681	14	3.40	1.70	482	89	0.80	0.40	454	1.80
Current Deferred & Payable Income Tax Liabilities	99	115	140	118	108	124	116	120	83	123	103
Current Employee Benefit Liabilities	4.30	2.30	3.50	3.50	3.50	6.40	6.40	6.40	6.40	6.40	3.00
Other Current Liabilities	184	142	115	106	96	70	80	64	78	86	73
Total Noncurrent Liabilities	3,929	3,971	3,569	4,222	4,195	4,108	4,093	4,027	4,000	4,125	4,084
Long-Term Debt	2,733	2,733	2,334	3,022	3,023	3,024	3,025	3,026	3,027	3,028	3,028
Asset Retirement Reserve & Litigation Obligation	357	439	426	431	416	495	478	466	459	521	518
Noncurrent Deferred & Payable Income Tax Liabilities	352	322	324	324	321	158	152	110	104	86	87
Noncurrent Employee Benefit Liabilities	39	32	30	30	30	24	24	24	24	19	22
Other Noncurrent Operating Liabilities	449	445	456	415	406	407	414	401	386	471	430
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,204	3,401	3,495	3,377	3,315	4,433	4,333	4,581	4,630	4,509	4,412
Total Preferred & Common Equity	3,188	3,378	3,471	3,353	3,291	4,411	4,312	4,559	4,608	4,488	4,382
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,188	3,378	3,471	3,353	3,291	4,411	4,312	4,559	4,608	4,488	4,382
Common Stock	922	928	935	941	948	954	961	974	980	985	972
Retained Earnings	5,355	5,556	5,679	5,637	5,561	6,587	6,512	6,734	6,726	6,638	6,549
Treasury Stock	-2,547	-2,646	-2,675	-2,724	-2,724	-2,724	-2,725	-2,725	-2,725	-2,725	-2,724
Accumulated Other Comprehensive Income / (Loss)	-542	-460	-469	-501	-495	-407	-437	-424	-373	-411	-415
Noncontrolling Interest	15	23	24	24	24	23	21	21	22	21	30

This table displays calculated financial ratios and metrics derived from FMC's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-23.56%	1.92%	-0.30%	69.30%	7.57%	0.70%	8.68%	15.01%	-22.67%	-5.36%
EBITDA Growth	-113.71%	593.26%	-20.71%	227.07%	8.08%	9.96%	13.76%	8.98%	-43.68%	-7.72%
EBIT Growth	-135.32%	266.01%	-28.13%	324.14%	9.72%	10.25%	15.34%	10.61%	-51.45%	-8.84%
NOPAT Growth	-129.24%	271.44%	-225.26%	397.30%	4.13%	4.35%	30.44%	5.12%	169.33%	-69.20%
Net Income Growth	54.77%	-57.53%	407.42%	-52.38%	-6.12%	14.85%	33.65%	0.60%	78.15%	-74.14%
EPS Growth	59.83%	-57.38%	407.42%	-52.38%	-1.90%	16.85%	35.46%	1.40%	81.24%	-74.17%
Operating Cash Flow Growth	-213.61%	219.29%	-32.60%	9.81%	32.60%	28.66%	30.49%	-28.98%	-166.35%	273.68%
Free Cash Flow Firm Growth	-269.17%	196.23%	-317.52%	132.28%	-53.92%	11.25%	59.78%	-17.18%	-4.50%	114.42%
Invested Capital Growth	52.84%	-31.33%	105.18%	-6.13%	4.22%	3.64%	1.94%	5.15%	32.53%	-7.16%
Revenue Q/Q Growth	-23.71%	29.25%	-2.17%	12.24%	2.17%	-0.96%	5.46%	3.73%	-9.59%	1.88%
EBITDA Q/Q Growth	-140.10%	179.29%	-20.27%	38.64%	-7.07%	3.16%	11.91%	10.55%	-33.53%	45.56%
EBIT Q/Q Growth	-348.31%	284.20%	-28.74%	46.78%	-8.29%	3.40%	14.11%	12.26%	-40.39%	74.66%
NOPAT Q/Q Growth	-348.31%	145.35%	-191.73%	511.31%	-15.68%	-1.00%	26.04%	15.52%	224.03%	-94.23%
Net Income Q/Q Growth	-36.05%	2,960.81%	4,432.49%	-66.87%	-7.23%	10.19%	23.51%	14.15%	161.58%	-76.51%
EPS Q/Q Growth	-36.01%	2,050.00%	4,432.49%	-66.87%	-8.59%	10.16%	21.91%	12.16%	168.62%	-76.59%
Operating Cash Flow Q/Q Growth	-973.01%	46.89%	145.25%	-22.77%	3,153.13%	-18.63%	46.63%	7.91%	-536.57%	18.91%
Free Cash Flow Firm Q/Q Growth	-117.05%	635.89%	-314.90%	136.04%	-24.26%	-23.78%	55.14%	21.54%	477.57%	-89.21%
Invested Capital Q/Q Growth	-2.73%	-31.14%	102.50%	-6.82%	-6.24%	-3.60%	-5.10%	-4.69%	13.85%	-9.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.13%	36.68%	37.60%	43.87%	45.20%	44.09%	42.84%	40.10%	40.81%	38.83%
EBITDA Margin	-2.80%	13.54%	10.77%	20.81%	20.90%	22.83%	23.89%	22.64%	16.49%	16.08%
Operating Margin	-5.88%	9.58%	6.26%	17.29%	17.82%	19.32%	20.50%	19.72%	12.38%	11.93%
EBIT Margin	-5.88%	9.58%	6.91%	17.30%	17.65%	19.32%	20.50%	19.72%	12.38%	11.93%
Profit (Net Income) Margin	20.01%	8.34%	42.44%	11.94%	10.42%	11.88%	14.61%	12.78%	29.44%	8.05%
Tax Burden Percent	-240.36%	117.09%	1,121.29%	84.07%	73.31%	75.44%	82.10%	75.36%	440.04%	135.29%
Interest Burden Percent	141.57%	74.34%	54.81%	82.06%	80.52%	81.50%	86.79%	85.98%	54.03%	49.85%
Effective Tax Rate	0.00%	27.71%	238.94%	11.64%	17.02%	20.68%	10.30%	14.76%	-372.85%	-59.76%
Return on Invested Capital (ROIC)	-3.12%	5.24%	-5.29%	12.06%	12.70%	12.75%	16.18%	16.42%	37.11%	10.40%
ROIC Less NNEP Spread (ROIC-NNEP)	35.59%	7.80%	65.98%	6.26%	4.58%	7.05%	9.04%	7.65%	-4.20%	-3.73%
Return on Net Nonoperating Assets (RNNOA)	31.83%	5.61%	51.00%	5.23%	3.94%	7.14%	7.88%	6.24%	-3.39%	-2.76%
Return on Equity (ROE)	28.71%	10.85%	45.71%	17.29%	16.64%	19.89%	24.06%	22.66%	33.72%	7.64%
Cash Return on Invested Capital (CROIC)	-44.92%	42.39%	-74.22%	18.38%	8.57%	9.17%	14.26%	11.40%	9.14%	17.83%
Operating Return on Assets (OROA)	-2.51%	3.90%	2.28%	7.73%	8.20%	8.94%	9.92%	10.48%	4.81%	4.30%
Return on Assets (ROA)	8.56%	3.40%	14.00%	5.33%	4.84%	5.50%	7.07%	6.79%	11.44%	2.90%
Return on Common Equity (ROCE)	28.08%	10.64%	45.12%	16.95%	16.30%	19.70%	23.89%	22.51%	33.53%	7.60%
Return on Equity Simple (ROE_SIMPLE)	26.72%	10.81%	40.06%	16.39%	18.96%	18.62%	23.59%	21.95%	29.95%	7.61%
Net Operating Profit after Tax (NOPAT)	-103	176	-220	655	682	711	928	975	2,627	809
NOPAT Margin	-4.12%	6.92%	-8.70%	15.28%	14.79%	15.32%	18.39%	16.81%	58.55%	19.06%
Net Nonoperating Expense Percent (NNEP)	-38.71%	-2.56%	-71.27%	5.79%	8.11%	5.70%	7.14%	8.77%	41.32%	14.13%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	14.61%	31.31%	10.28%
Cost of Revenue to Revenue	67.87%	63.32%	62.40%	56.13%	54.80%	55.91%	57.16%	59.90%	59.19%	61.17%
SG&A Expenses to Revenue	26.52%	17.14%	22.98%	18.44%	17.20%	15.72%	14.15%	13.36%	16.37%	15.18%
R&D to Revenue	5.46%	5.30%	5.47%	6.71%	6.47%	6.20%	6.04%	5.42%	7.33%	6.55%
Operating Expenses to Revenue	38.01%	27.10%	31.34%	26.58%	27.38%	24.77%	22.33%	20.38%	28.43%	26.90%
Earnings before Interest and Taxes (EBIT)	-147	243	175	741	814	897	1,035	1,144	556	507
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-70	344	273	892	964	1,060	1,205	1,314	740	683
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.42	3.39	4.19	2.85	4.65	4.67	4.21	4.34	1.71	1.35
Price to Tangible Book Value (P/TBV)	17.87	8.97	0.00	0.00	0.00	0.00	0.00	0.00	21.45	9.79
Price to Revenue (P/Rev)	1.81	2.61	4.44	2.08	2.56	2.98	2.61	2.53	1.68	1.43
Price to Earnings (P/E)	9.23	31.71	10.48	17.72	24.68	25.05	17.80	19.93	5.72	17.79
Dividend Yield	1.95%	1.33%	0.79%	1.35%	1.80%	1.69%	1.90%	1.86%	3.83%	4.77%
Earnings Yield	10.83%	3.15%	9.55%	5.64%	4.05%	3.99%	5.62%	5.02%	17.49%	5.62%
Enterprise Value to Invested Capital (EV/IC)	1.67	3.11	2.53	2.20	2.69	2.91	2.73	2.86	1.39	1.21
Enterprise Value to Revenue (EV/Rev)	2.66	3.35	5.59	2.69	3.20	3.57	3.14	3.00	2.50	2.14
Enterprise Value to EBITDA (EV/EBITDA)	0.00	24.70	51.92	12.95	15.29	15.62	13.13	13.23	15.15	13.29
Enterprise Value to EBIT (EV/EBIT)	0.00	34.92	80.96	15.57	18.11	18.46	15.30	15.19	20.18	17.91
Enterprise Value to NOPAT (EV/NOPAT)	0.00	48.31	0.00	17.63	21.61	23.27	17.06	17.82	4.27	11.21
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	17.06	42.18	31.34	30.15	26.34	19.31	29.85	0.00	13.52
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.97	0.00	11.56	32.02	32.35	19.36	25.67	17.34	6.54
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.13	0.95	1.18	0.84	1.27	1.10	1.01	0.96	0.89	0.75
Long-Term Debt to Equity	1.07	0.90	1.11	0.67	1.18	0.98	0.87	0.80	0.68	0.67
Financial Leverage	0.89	0.72	0.77	0.84	0.86	1.01	0.87	0.82	0.81	0.74
Leverage Ratio	3.36	3.20	3.27	3.24	3.44	3.62	3.40	3.34	2.95	2.64
Compound Leverage Factor	4.75	2.38	1.79	2.66	2.77	2.95	2.95	2.87	1.59	1.31
Debt to Total Capital	52.97%	48.71%	54.06%	45.62%	55.99%	52.27%	50.23%	49.05%	47.16%	42.74%
Short-Term Debt to Total Capital	2.78%	2.42%	3.27%	9.28%	3.91%	5.41%	6.98%	8.10%	11.13%	4.28%
Long-Term Debt to Total Capital	50.19%	46.29%	50.79%	36.34%	52.08%	46.86%	43.25%	40.95%	36.03%	38.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.05%	0.91%	0.43%	1.51%	0.50%	0.36%	0.31%	0.34%	0.27%	0.27%
Common Equity to Total Capital	45.98%	50.38%	45.51%	52.87%	43.51%	47.37%	49.46%	50.61%	52.57%	56.99%
Debt to EBITDA	-30.83	5.51	11.69	3.02	3.38	3.08	2.63	2.49	5.35	4.93
Net Debt to EBITDA	-29.67	5.32	10.64	2.87	3.03	2.54	2.20	2.05	4.91	4.37
Long-Term Debt to EBITDA	-29.22	5.23	10.98	2.41	3.15	2.76	2.27	2.08	4.09	4.43
Debt to NOPAT	-20.95	10.77	-14.47	4.11	4.78	4.59	3.42	3.36	1.51	4.16
Net Debt to NOPAT	-20.16	10.40	-13.17	3.91	4.28	3.79	2.85	2.76	1.38	3.69
Long-Term Debt to NOPAT	-19.86	10.23	-13.59	3.28	4.45	4.12	2.94	2.80	1.15	3.74
Altman Z-Score	1.97	2.58	2.16	2.20	2.46	2.70	2.68	2.86	2.08	2.01
Noncontrolling Interest Sharing Ratio	2.19%	2.00%	1.29%	1.94%	2.05%	0.93%	0.68%	0.65%	0.58%	0.49%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.04	1.98	1.65	1.35	1.50	1.55	1.44	1.43	1.52	1.64
Quick Ratio	1.33	1.22	1.05	0.76	0.94	1.02	0.88	0.91	0.89	1.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,477	1,422	-3,092	998	460	512	818	677	647	1,387
Operating Cash Flow to CapEx	-781.46%	545.83%	26.84%	280.15%	344.26%	549.39%	727.04%	634.42%	-301.64%	988.37%
Free Cash Flow to Firm to Interest Expense	-23.75	22.39	-38.65	7.42	2.87	3.38	6.24	4.46	2.73	5.88
Operating Cash Flow to Interest Expense	-6.71	7.84	4.19	2.74	3.05	4.15	6.26	3.84	-1.63	2.85
Operating Cash Flow Less CapEx to Interest Expense	-7.57	6.40	-11.43	1.76	2.16	3.40	5.40	3.23	-2.17	2.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.41	0.33	0.45	0.46	0.46	0.48	0.53	0.39	0.36
Accounts Receivable Turnover	1.44	1.43	1.36	2.05	2.11	2.04	2.05	2.13	1.61	1.51
Inventory Turnover	2.40	2.51	2.15	2.38	2.47	2.46	2.20	2.19	1.57	1.78
Fixed Asset Turnover	2.56	3.27	3.24	4.81	6.09	6.07	6.35	6.96	5.15	4.87
Accounts Payable Turnover	4.32	4.46	3.06	3.19	2.98	2.81	2.77	2.91	2.86	3.79
Days Sales Outstanding (DSO)	253.05	254.74	269.37	178.33	173.20	179.33	177.75	171.58	226.75	240.97
Days Inventory Outstanding (DIO)	151.97	145.20	170.02	153.10	147.56	148.55	165.64	166.64	232.00	205.62
Days Payable Outstanding (DPO)	84.41	81.85	119.20	114.54	122.50	129.86	131.73	125.35	127.44	96.33
Cash Conversion Cycle (CCC)	320.61	318.09	320.19	216.89	198.27	198.02	211.66	212.87	331.31	350.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,976	2,730	5,602	5,259	5,480	5,680	5,790	6,088	8,069	7,491
Invested Capital Turnover	0.76	0.76	0.61	0.79	0.86	0.83	0.88	0.98	0.63	0.55
Increase / (Decrease) in Invested Capital	1,375	-1,246	2,872	-344	222	200	110	298	1,980	-578
Enterprise Value (EV)	6,625	8,493	14,153	11,545	14,730	16,555	15,832	17,386	11,212	9,072
Market Capitalization	4,514	6,630	11,226	8,898	11,782	13,837	13,167	14,675	7,555	6,068
Book Value per Share	$13.96	$14.63	$19.97	$23.18	$19.54	$22.83	$24.65	$26.82	$35.36	$35.95
Tangible Book Value per Share	$1.89	$5.52	($8.56)	($7.80)	($12.07)	($8.73)	($6.79)	($5.71)	$2.82	$4.96
Total Capital	4,057	3,886	5,893	5,903	5,820	6,252	6,316	6,675	8,391	7,874
Total Debt	2,149	1,893	3,186	2,693	3,259	3,268	3,173	3,274	3,958	3,365
Total Long-Term Debt	2,036	1,799	2,993	2,145	3,031	2,930	2,732	2,733	3,024	3,028
Net Debt	2,068	1,828	2,901	2,558	2,919	2,696	2,647	2,688	3,635	2,982
Capital Expenditures (CapEx)	53	91	1,250	132	142	114	113	92	128	68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,553	1,441	1,353	1,450	1,240	1,316	1,458	1,608	2,376	1,919
Debt-free Net Working Capital (DFNWC)	1,631	1,505	1,636	1,585	1,579	1,885	1,974	2,180	2,679	2,277
Net Working Capital (NWC)	1,519	1,411	1,443	1,037	1,351	1,547	1,534	1,639	1,745	1,939
Net Nonoperating Expense (NNE)	-601	-36	-1,294	143	202	160	191	234	1,306	468
Net Nonoperating Obligations (NNO)	2,068	737	2,895	2,048	2,919	2,696	2,647	2,688	3,635	2,982
Total Depreciation and Amortization (D&A)	77	101	98	150	150	163	171	169	184	176
Debt-free, Cash-free Net Working Capital to Revenue	62.33%	56.76%	53.45%	33.84%	26.89%	28.35%	28.89%	27.71%	52.96%	45.20%
Debt-free Net Working Capital to Revenue	65.48%	59.29%	64.63%	36.98%	34.24%	40.60%	39.13%	37.57%	59.70%	53.61%
Net Working Capital to Revenue	60.96%	55.58%	57.02%	24.19%	29.31%	33.32%	30.40%	28.25%	38.88%	45.67%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.64	$4.24	$5.72	$0.00	$10.55	$2.73
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	129.12M	129.35M	125.70M	0.00	124.76M	124.84M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$3.62	$4.22	$5.70	$0.00	$10.53	$2.72
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	129.12M	129.35M	125.70M	0.00	124.76M	124.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	129.12M	129.35M	125.70M	0.00	124.76M	124.84M
Normalized Net Operating Profit after Tax (NOPAT)	2.66	244	162	709	824	816	1,025	1,055	538	508
Normalized NOPAT Margin	0.11%	9.63%	6.41%	16.54%	17.87%	17.58%	20.31%	18.18%	11.98%	11.97%
Pre Tax Income Margin	-8.33%	7.12%	3.78%	14.20%	14.21%	15.75%	17.80%	16.96%	6.69%	5.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-2.36	3.83	2.19	5.51	5.07	5.93	7.89	7.54	2.34	2.15
NOPAT to Interest Expense	-1.65	2.77	-2.75	4.87	4.25	4.70	7.08	6.43	11.08	3.43
EBIT Less CapEx to Interest Expense	-3.21	2.39	-13.44	4.53	4.19	5.17	7.03	6.93	1.80	1.86
NOPAT Less CapEx to Interest Expense	-2.51	1.33	-18.38	3.89	3.37	3.95	6.22	5.82	10.54	3.14
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.33%	51.30%	-8.31%	17.44%	43.79%	43.01%	33.54%	36.14%	22.04%	85.28%
Augmented Payout Ratio	17.33%	56.59%	-8.31%	56.54%	127.09%	52.08%	88.89%	50.83%	28.18%	85.28%

This table displays calculated financial ratios and metrics derived from FMC's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.34%	14.74%	-0.48%	-30.15%	-28.70%	-29.34%	-31.71%	2.36%	8.50%	6.82%	-13.79%
EBITDA Growth	-2.74%	40.21%	1.01%	-35.31%	-41.90%	-85.36%	-65.72%	-40.88%	22.13%	333.91%	-14.87%
EBIT Growth	-2.36%	46.38%	0.40%	-43.96%	-52.14%	-95.41%	-75.70%	-52.87%	34.52%	1,196.13%	-21.35%
NOPAT Growth	-18.86%	52.39%	-0.58%	-33.69%	-91.28%	-96.67%	-65.79%	-61.38%	758.37%	207.73%	-217.48%
Net Income Growth	-27.07%	48.75%	-7.42%	-75.30%	-103.13%	291.01%	-101.58%	811.11%	1,872.97%	-101.47%	-403.23%
EPS Growth	-23.39%	41.18%	-5.49%	-77.36%	-103.16%	306.02%	-101.29%	879.17%	1,833.33%	-101.48%	-500.00%
Operating Cash Flow Growth	25.72%	7.42%	-44.51%	-28.67%	-83.01%	-52.66%	80.97%	151.54%	109.19%	36.44%	-239.60%
Free Cash Flow Firm Growth	-2,678.23%	-40.93%	-5,987.21%	-2,062.22%	-465.23%	-2,486.46%	-105.73%	-94.95%	-52.95%	131.34%	105.78%
Invested Capital Growth	4.71%	5.15%	11.04%	10.73%	10.94%	32.53%	14.39%	16.41%	16.52%	-7.16%	-1.91%
Revenue Q/Q Growth	-5.17%	17.78%	-17.12%	-24.53%	-3.21%	16.72%	-19.90%	13.12%	2.60%	14.91%	-35.36%
EBITDA Q/Q Growth	-9.58%	73.53%	-20.15%	-48.37%	-18.80%	-56.28%	87.03%	-10.94%	67.73%	55.31%	-63.31%
EBIT Q/Q Growth	-10.72%	87.32%	-22.81%	-56.58%	-23.75%	-82.04%	308.84%	-15.81%	117.66%	73.01%	-75.19%
NOPAT Q/Q Growth	-2.45%	129.13%	-33.24%	-55.57%	-87.17%	-12.56%	586.27%	-49.84%	185.21%	-68.65%	-361.98%
Net Income Q/Q Growth	-9.83%	137.02%	-30.14%	-83.46%	-111.42%	29,732.43%	-100.28%	9,622.58%	-77.78%	-124.54%	3.11%
EPS Q/Q Growth	-10.38%	127.37%	-28.24%	-84.52%	-112.50%	29,333.33%	-100.23%	11,850.00%	-77.87%	-125.00%	7.69%
Operating Cash Flow Q/Q Growth	141.87%	55.64%	-239.68%	113.57%	-42.41%	333.78%	-156.15%	279.32%	-52.10%	182.93%	-239.75%
Free Cash Flow Firm Q/Q Growth	-355.12%	168.11%	-659.30%	-24.72%	-18.97%	-187.55%	51.78%	-18.19%	6.66%	158.91%	-91.10%
Invested Capital Q/Q Growth	-0.38%	-4.69%	18.18%	-1.31%	-0.19%	13.85%	2.01%	0.42%	-0.09%	-9.29%	7.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.67%	42.27%	43.24%	42.66%	38.82%	38.02%	37.00%	38.34%	36.27%	42.86%	40.02%
EBITDA Margin	18.30%	26.96%	25.98%	17.77%	14.91%	5.58%	13.04%	10.27%	16.78%	22.68%	12.88%
Operating Margin	15.29%	24.32%	22.65%	13.03%	10.27%	1.58%	8.06%	6.00%	12.73%	19.16%	7.35%
EBIT Margin	15.29%	24.32%	22.65%	13.03%	10.27%	1.58%	8.06%	6.00%	12.73%	19.16%	7.35%
Profit (Net Income) Margin	8.59%	17.29%	14.57%	3.19%	-0.38%	95.66%	-0.34%	28.43%	6.16%	-1.32%	-1.97%
Tax Burden Percent	69.38%	80.67%	78.83%	51.35%	-11.56%	-2,526.27%	-38.75%	-5,367.27%	90.48%	-9.07%	-318.37%
Interest Burden Percent	80.96%	88.11%	81.61%	47.73%	31.75%	-239.78%	10.81%	-8.83%	53.47%	75.66%	8.42%
Effective Tax Rate	21.11%	3.51%	16.54%	14.58%	85.63%	0.00%	-17.50%	0.00%	8.28%	83.38%	275.51%
Return on Invested Capital (ROIC)	10.81%	22.93%	16.03%	8.83%	1.09%	0.70%	4.99%	2.23%	6.34%	1.74%	-6.52%
ROIC Less NNEP Spread (ROIC-NNEP)	9.27%	19.17%	14.38%	6.53%	0.56%	34.98%	2.62%	9.03%	4.75%	0.07%	-4.23%
Return on Net Nonoperating Assets (RNNOA)	9.22%	15.62%	15.52%	7.03%	0.60%	28.23%	2.54%	8.40%	4.43%	0.05%	-3.66%
Return on Equity (ROE)	20.03%	38.55%	31.55%	15.86%	1.69%	28.93%	7.53%	10.63%	10.77%	1.79%	-10.18%
Cash Return on Invested Capital (CROIC)	8.92%	11.40%	3.79%	3.40%	1.66%	9.14%	72.81%	-12.84%	167.44%	17.83%	11.23%
Operating Return on Assets (OROA)	8.08%	12.92%	11.60%	6.07%	4.69%	0.61%	2.76%	2.04%	4.58%	6.90%	2.55%
Return on Assets (ROA)	4.54%	9.18%	7.46%	1.49%	-0.17%	37.17%	-0.12%	9.64%	2.21%	-0.47%	-0.68%
Return on Common Equity (ROCE)	19.90%	38.30%	31.32%	15.76%	1.68%	28.76%	7.48%	10.57%	10.71%	1.78%	-10.12%
Return on Equity Simple (ROE_SIMPLE)	20.38%	0.00%	20.91%	18.70%	15.35%	0.00%	26.02%	30.37%	31.56%	0.00%	7.51%
Net Operating Profit after Tax (NOPAT)	166	381	254	113	14	13	87	44	124	39	-102
NOPAT Margin	12.06%	23.47%	18.90%	11.13%	1.48%	1.11%	9.47%	4.20%	11.67%	3.18%	-12.91%
Net Nonoperating Expense Percent (NNEP)	1.54%	3.76%	1.64%	2.30%	0.52%	-34.28%	2.37%	-6.79%	1.59%	1.66%	-2.29%
Return On Investment Capital (ROIC_SIMPLE)	-	5.70%	-	-	-	0.15%	-	-	-	0.50%	-1.21%
Cost of Revenue to Revenue	65.33%	57.73%	56.76%	57.34%	61.18%	61.98%	63.00%	61.66%	63.73%	57.14%	59.98%
SG&A Expenses to Revenue	13.03%	13.10%	13.83%	20.27%	17.45%	14.96%	17.85%	15.87%	14.94%	12.80%	21.73%
R&D to Revenue	5.70%	5.20%	5.83%	8.64%	8.24%	7.14%	6.63%	7.31%	6.48%	5.90%	8.68%
Operating Expenses to Revenue	19.38%	17.95%	20.59%	29.63%	28.56%	36.44%	28.94%	32.34%	23.54%	23.70%	32.66%
Earnings before Interest and Taxes (EBIT)	211	395	305	132	101	18	74	62	136	235	58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	252	437	349	180	146	64	120	107	179	278	102
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.00	4.34	4.26	3.75	2.44	1.71	1.84	1.58	1.79	1.35	1.20
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	21.45	27.34	11.28	12.32	9.79	10.53
Price to Revenue (P/Rev)	2.28	2.53	2.55	2.35	1.62	1.68	1.96	1.76	1.97	1.43	1.28
Price to Earnings (P/E)	19.42	19.93	20.39	20.22	16.19	5.72	7.08	5.18	5.65	17.79	16.04
Dividend Yield	2.09%	1.86%	1.88%	2.26%	3.60%	3.83%	3.64%	4.03%	3.52%	4.77%	5.50%
Earnings Yield	5.15%	5.02%	4.90%	4.95%	6.18%	17.49%	14.13%	19.31%	17.69%	5.62%	6.23%
Enterprise Value to Invested Capital (EV/IC)	2.50	2.86	2.57	2.30	1.67	1.39	1.44	1.32	1.44	1.21	1.11
Enterprise Value to Revenue (EV/Rev)	2.85	3.00	3.19	3.04	2.39	2.50	2.92	2.67	2.85	2.14	2.17
Enterprise Value to EBITDA (EV/EBITDA)	13.43	13.23	14.05	13.39	10.64	15.15	23.25	24.94	25.33	13.29	13.47
Enterprise Value to EBIT (EV/EBIT)	15.66	15.19	16.16	15.66	12.71	20.18	36.50	42.67	40.97	17.91	18.26
Enterprise Value to NOPAT (EV/NOPAT)	18.90	17.82	19.00	17.77	14.61	4.27	1.78	60.96	0.85	11.21	11.81
Enterprise Value to Operating Cash Flow (EV/OCF)	29.57	29.85	58.52	60.60	0.00	0.00	37.90	22.19	21.05	13.52	32.32
Enterprise Value to Free Cash Flow (EV/FCFF)	28.65	25.67	71.47	70.92	105.75	17.34	2.11	0.00	0.92	6.54	9.79
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.11	0.96	1.21	1.39	1.24	0.89	1.00	0.91	0.88	0.75	0.91
Long-Term Debt to Equity	0.85	0.80	0.67	0.89	0.91	0.68	0.70	0.66	0.65	0.67	0.69
Financial Leverage	0.99	0.82	1.08	1.08	1.07	0.81	0.97	0.93	0.93	0.74	0.86
Leverage Ratio	3.38	3.34	3.44	3.54	3.33	2.95	3.03	3.03	2.92	2.64	2.72
Compound Leverage Factor	2.74	2.94	2.81	1.69	1.06	-7.07	0.33	-0.27	1.56	2.00	0.23
Debt to Total Capital	52.63%	49.05%	54.66%	58.10%	55.39%	47.16%	50.02%	47.71%	46.78%	42.74%	47.58%
Short-Term Debt to Total Capital	12.22%	8.10%	24.37%	20.60%	14.71%	11.13%	15.12%	13.17%	11.99%	4.28%	11.60%
Long-Term Debt to Total Capital	40.41%	40.95%	30.28%	37.49%	40.68%	36.03%	34.89%	34.54%	34.79%	38.45%	35.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.23%	0.34%	0.31%	0.30%	0.32%	0.27%	0.25%	0.24%	0.26%	0.27%	0.35%
Common Equity to Total Capital	47.15%	50.61%	45.03%	41.60%	44.29%	52.57%	49.74%	52.05%	52.96%	56.99%	52.07%
Debt to EBITDA	2.99	2.49	3.20	3.84	3.70	5.35	8.49	9.57	8.68	4.93	6.02
Net Debt to EBITDA	2.68	2.05	2.81	3.05	3.39	4.91	7.64	8.44	7.73	4.37	5.51
Long-Term Debt to EBITDA	2.30	2.08	1.77	2.48	2.72	4.09	5.93	6.93	6.45	4.43	4.55
Debt to NOPAT	4.21	3.36	4.32	5.10	5.08	1.51	0.65	23.39	0.29	4.16	5.28
Net Debt to NOPAT	3.77	2.76	3.80	4.06	4.65	1.38	0.59	20.63	0.26	3.69	4.83
Long-Term Debt to NOPAT	3.24	2.80	2.40	3.29	3.73	1.15	0.45	16.94	0.22	3.74	3.99
Altman Z-Score	2.46	2.64	2.47	2.22	2.03	1.93	1.91	1.87	1.97	1.94	1.75
Noncontrolling Interest Sharing Ratio	0.65%	0.65%	0.71%	0.66%	0.60%	0.58%	0.58%	0.57%	0.58%	0.49%	0.58%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.41	1.43	1.29	1.44	1.54	1.52	1.46	1.48	1.48	1.64	1.54
Quick Ratio	0.82	0.91	0.79	0.86	0.84	0.89	0.91	0.90	0.92	1.08	0.97
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-121	82	-461	-575	-684	-1,968	-949	-1,121	-1,047	617	55
Operating Cash Flow to CapEx	1,145.25%	0.00%	-1,842.00%	405.54%	204.55%	1,166.53%	-794.20%	2,977.78%	899.36%	1,849.54%	-1,766.77%
Free Cash Flow to Firm to Interest Expense	-2.90	1.84	-8.97	-8.32	-10.59	-37.77	-15.38	-17.63	-17.83	11.90	1.09
Operating Cash Flow to Interest Expense	9.51	13.81	-16.81	1.70	1.04	5.62	-2.66	4.64	2.41	7.71	-11.14
Operating Cash Flow Less CapEx to Interest Expense	8.68	14.18	-17.72	1.28	0.53	5.14	-3.00	4.48	2.14	7.30	-11.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.53	0.53	0.51	0.47	0.46	0.39	0.34	0.34	0.36	0.36	0.35
Accounts Receivable Turnover	2.19	2.13	1.91	1.89	1.92	1.61	1.35	1.49	1.53	1.51	1.44
Inventory Turnover	2.10	2.19	1.98	1.74	1.55	1.57	1.41	1.44	1.54	1.78	1.68
Fixed Asset Turnover	7.12	6.96	6.95	6.43	5.97	5.15	4.67	4.72	4.79	4.87	4.75
Accounts Payable Turnover	3.12	2.91	3.09	2.95	3.37	2.86	2.79	2.92	3.56	3.79	3.59
Days Sales Outstanding (DSO)	166.50	171.58	191.16	193.06	189.92	226.75	270.57	245.09	238.86	240.97	253.32
Days Inventory Outstanding (DIO)	173.50	166.64	184.67	210.15	236.22	232.00	258.34	253.03	237.27	205.62	216.74
Days Payable Outstanding (DPO)	117.07	125.35	118.15	123.64	108.18	127.44	130.88	124.81	102.54	96.33	101.81
Cash Conversion Cycle (CCC)	222.93	212.87	257.68	279.57	317.96	331.31	398.03	373.31	373.59	350.25	368.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,388	6,088	7,195	7,101	7,087	8,069	8,231	8,266	8,258	7,491	8,074
Invested Capital Turnover	0.90	0.98	0.85	0.79	0.74	0.63	0.53	0.53	0.54	0.55	0.51
Increase / (Decrease) in Invested Capital	287	298	715	688	699	1,980	1,036	1,165	1,171	-578	-157
Enterprise Value (EV)	15,962	17,386	18,509	16,314	11,842	11,212	11,866	10,889	11,881	9,072	8,959
Market Capitalization	12,761	14,675	14,785	12,566	8,046	7,555	7,947	7,183	8,231	6,068	5,267
Book Value per Share	$25.31	$26.82	$27.74	$26.82	$26.38	$35.36	$34.54	$36.53	$36.91	$35.95	$35.10
Tangible Book Value per Share	($6.82)	($5.71)	($4.97)	($5.82)	($5.99)	$2.82	$2.33	$5.10	$5.35	$4.96	$4.01
Total Capital	6,762	6,675	7,707	8,060	7,430	8,391	8,669	8,760	8,700	7,874	8,415
Total Debt	3,559	3,274	4,213	4,683	4,116	3,958	4,336	4,179	4,070	3,365	4,004
Total Long-Term Debt	2,733	2,733	2,334	3,022	3,023	3,024	3,025	3,026	3,027	3,028	3,028
Net Debt	3,185	2,688	3,701	3,723	3,773	3,635	3,898	3,685	3,628	2,982	3,662
Capital Expenditures (CapEx)	35	-17	47	29	33	25	21	9.90	16	22	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,941	1,608	2,738	2,633	2,645	2,376	2,538	2,369	2,354	1,919	2,433
Debt-free Net Working Capital (DFNWC)	2,305	2,180	3,232	3,575	2,969	2,679	2,956	2,840	2,770	2,277	2,748
Net Working Capital (NWC)	1,478	1,639	1,354	1,914	1,876	1,745	1,645	1,687	1,727	1,939	1,772
Net Nonoperating Expense (NNE)	48	100	58	81	18	-1,084	90	-252	59	55	-87
Net Nonoperating Obligations (NNO)	3,185	2,688	3,701	3,723	3,773	3,635	3,898	3,685	3,628	2,982	3,662
Total Depreciation and Amortization (D&A)	41	43	45	48	46	46	46	44	43	43	44
Debt-free, Cash-free Net Working Capital to Revenue	34.70%	27.71%	47.24%	49.14%	53.29%	52.96%	62.51%	58.00%	56.47%	45.20%	59.06%
Debt-free Net Working Capital to Revenue	41.20%	37.57%	55.77%	66.72%	59.82%	59.70%	72.80%	69.54%	66.47%	53.61%	66.71%
Net Working Capital to Revenue	26.43%	28.25%	23.35%	35.72%	37.80%	38.88%	40.51%	41.31%	41.44%	45.67%	43.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.96	$2.16	$1.56	$0.24	($0.03)	$8.78	($0.02)	$2.35	$0.52	($0.12)	($0.12)
Adjusted Weighted Average Basic Shares Outstanding	125.97M	125.11M	125.04M	124.73M	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M
Adjusted Diluted Earnings per Share	$0.95	$2.16	$1.55	$0.24	($0.03)	$8.77	($0.02)	$2.35	$0.52	($0.13)	($0.12)
Adjusted Weighted Average Diluted Shares Outstanding	125.97M	125.11M	125.04M	124.73M	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	125.97M	125.11M	125.04M	124.73M	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M
Normalized Net Operating Profit after Tax (NOPAT)	173	375	265	119	90	128	80	110	145	207	53
Normalized NOPAT Margin	12.58%	23.12%	19.68%	11.75%	9.20%	11.14%	8.76%	10.61%	13.62%	16.91%	6.72%
Pre Tax Income Margin	12.38%	21.43%	18.49%	6.22%	3.26%	-3.79%	0.87%	-0.53%	6.81%	14.50%	0.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.04	8.81	5.92	1.91	1.56	0.35	1.20	0.98	2.31	4.53	1.16
NOPAT to Interest Expense	3.97	8.50	4.94	1.63	0.22	0.24	1.41	0.69	2.12	0.75	-2.04
EBIT Less CapEx to Interest Expense	4.21	9.18	5.01	1.49	1.05	-0.13	0.86	0.82	2.04	4.11	0.53
NOPAT Less CapEx to Interest Expense	3.14	8.87	4.03	1.22	-0.29	-0.24	1.07	0.53	1.85	0.34	-2.67
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	40.27%	36.14%	37.74%	44.61%	56.61%	22.04%	25.93%	21.01%	20.03%	85.28%	90.88%
Augmented Payout Ratio	57.04%	50.83%	55.79%	73.56%	92.50%	28.18%	30.58%	21.14%	20.18%	85.28%	90.79%

Frequently Asked Questions About FMC's Financials

When does FMC's financial year end?

According to the most recent income statement we have on file, FMC's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has FMC's net income changed over the last 9 years?

FMC's net income appears to be on an upward trend, with a most recent value of $341.60 million in 2024, falling from $498.50 million in 2015. The previous period was $1.32 billion in 2023. View FMC's forecast to see where analysts expect FMC to go next.

What is FMC's operating income?

FMC's total operating income in 2024 was $506.50 million, based on the following breakdown:

Total Gross Profit: $1.65 billion
Total Operating Expenses: $1.14 billion

How has FMC revenue changed over the last 9 years?

Over the last 9 years, FMC's total revenue changed from $2.49 billion in 2015 to $4.25 billion in 2024, a change of 70.5%.

How much debt does FMC have?

FMC's total liabilities were at $7.14 billion at the end of 2024, a 4.6% decrease from 2023, and a 61.7% increase since 2015.

How much cash does FMC have?

In the past 9 years, FMC's cash and equivalents has ranged from $64.20 million in 2016 to $572 million in 2022, and is currently $357.30 million as of their latest financial filing in 2024.

How has FMC's book value per share changed over the last 9 years?

Over the last 9 years, FMC's book value per share changed from 13.96 in 2015 to 35.95 in 2024, a change of 157.5%.

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This page (NYSE:FMC) was last updated on 5/7/2025 by MarketBeat.com Staff

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