FMC (FMC) Financials

$12.69 -0.07 (-0.54%)

Closing price 03:59 PM Eastern

Extended Trading

$12.75 +0.06 (+0.48%)

As of 08:00 PM 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	489	209	1,072	502	477	552	740	737	1,322	341	-2,239
Consolidated Net Income / (Loss)	499	212	1,074	512	480	552	737	742	1,321	342	-2,237
Net Income / (Loss) Continuing Operations	-213	131	-133	538	544	580	805	839	1,420	403	-2,201
Total Pre-Tax Income	-207	181	96	608	655	731	898	984	300	253	-1,887
Total Operating Income	-147	243	159	741	822	897	1,035	1,144	556	507	-1,628
Total Gross Profit	800	931	952	1,880	2,084	2,047	2,161	2,327	1,831	1,649	1,283
Total Revenue	2,491	2,539	2,531	4,285	4,610	4,642	5,045	5,802	4,487	4,246	3,467
Operating Revenue	2,491	2,539	2,531	4,285	4,610	4,642	5,045	5,802	4,487	4,246	3,467
Total Cost of Revenue	1,691	1,608	1,579	2,406	2,526	2,595	2,884	3,476	2,656	2,597	2,184
Operating Cost of Revenue	1,691	1,608	1,579	2,406	2,526	2,595	2,884	3,476	2,656	2,597	2,184
Total Operating Expenses	947	688	793	1,139	1,262	1,150	1,127	1,183	1,275	1,142	2,911
Selling, General & Admin Expense	661	435	582	790	793	730	714	775	734	645	685
Research & Development Expense	136	135	138	288	298	288	305	314	329	278	266
Restructuring Charge	150	95	73	61	171	132	108	93	212	220	1,960
Total Other Income / (Expense), net	-61	-62	-63	-133	-167	-166	-137	-160	-255	-254	-258
Interest Expense	62	64	80	135	160	151	131	152	237	236	240
Interest & Investment Income	1.30	1.10	1.00	1.50	1.90	-15	-5.60	-8.60	-	-	-19
Income Tax Expense	5.20	50	229	71	112	151	93	145	-1,119	-151	314
Net Income / (Loss) Discontinued Operations	711	81	1,343	-26	-63	-28	-68	-97	-99	-62	-37
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	1.50
Basic Earnings per Share	$3.66	$1.56	$3.99	$3.72	$3.64	$4.26	$5.76	$5.83	$10.55	$2.73	($17.88)
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	124.93M
Diluted Earnings per Share	$3.66	$1.56	$3.99	$3.69	$3.62	$4.23	$5.73	$5.81	$10.53	$2.72	($17.88)
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	124.93M
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	124.93M
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	$1.82

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-3.50	1,099	-2.70	295	65	-16	-16	67	-569	-1,721	-281
Consolidated Net Income / (Loss)	-3.70	1,096	-3.10	295	66	-16	-16	68	-569	-1,721	-281
Net Income / (Loss) Continuing Operations	4.60	1,154	9.40	298	67	-268	-8.60	44	-548	-1,688	-261
Total Pre-Tax Income	32	-43	8.00	-5.50	73	178	4.90	59	-466	-1,484	-149
Total Operating Income	101	18	74	62	136	235	58	126	-396	-1,417	-81
Total Gross Profit	381	436	340	398	386	525	317	406	129	431	247
Total Revenue	982	1,146	918	1,038	1,065	1,224	791	1,051	542	1,083	759
Operating Revenue	982	1,146	918	1,038	1,065	1,224	791	1,051	542	1,083	759
Total Cost of Revenue	601	710	578	640	679	700	475	644	413	652	512
Operating Cost of Revenue	601	710	578	640	679	700	475	644	413	652	512
Total Operating Expenses	280	418	266	336	251	290	259	280	525	1,848	328
Selling, General & Admin Expense	171	172	164	165	159	157	172	177	167	169	185
Research & Development Expense	81	82	61	76	69	72	69	66	63	68	66
Restructuring Charge	28	164	41	95	23	61	18	37	295	1,611	77
Total Other Income / (Expense), net	-69	-62	-66	-68	-63	-57	-53	-68	-70	-68	-68
Interest Expense	65	52	62	64	59	52	50	61	64	64	65
Other Income / (Expense), net	-	-	-	-4.20	-4.40	-	-3.20	-6.60	-5.60	-	-3.40
Income Tax Expense	27	-1,197	-1.40	-304	6.00	148	14	14	82	204	112
Net Income / (Loss) Discontinued Operations	-8.30	-57	-13	-2.80	-0.90	-43	-7.00	23	-20	-33	-20
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.20	-2.10	-0.40	0.10	0.60	0.20	-0.10	1.10	0.70	-0.20	0.10
Basic Earnings per Share	($0.03)	$8.78	($0.02)	$2.35	$0.52	($0.12)	($0.12)	$0.53	($4.52)	($13.77)	($2.25)
Weighted Average Basic Shares Outstanding	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M	124.91M	124.92M	124.93M	125.05M
Diluted Earnings per Share	($0.03)	$8.77	($0.02)	$2.35	$0.52	($0.13)	($0.12)	$0.53	($4.52)	($13.77)	($2.25)
Weighted Average Diluted Shares Outstanding	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M	124.91M	124.92M	124.93M	125.05M
Weighted Average Basic & Diluted Shares Outstanding	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M	124.91M	124.92M	124.93M	125.05M
Cash Dividends to Common per Share	$0.58	-	$0.58	$0.58	$0.58	-	$0.58	$0.58	$0.58	-	$0.08

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-151	-16	181	-121	177	230	-52	55	-270	55	227
Net Cash From Operating Activities	-417	498	336	368	489	629	820	582	-386	671	-80
Net Cash From Continuing Operating Activities	-471	369	232	363	556	737	899	660	-300	737	-6.20
Net Income / (Loss) Continuing Operations	-213	131	-133	538	544	580	805	839	1,420	403	-2,201
Consolidated Net Income / (Loss)	499	212	538	512	480	552	737	742	1,321	342	-2,237
Net Income / (Loss) Discontinued Operations	711	81	672	-26	-63	-28	-68	-97	-99	-62	-37
Depreciation Expense	77	101	98	150	150	163	171	169	184	176	174
Non-Cash Adjustments To Reconcile Net Income	-179	-2.80	-59	90	30	-66	416	184	8.80	97	2,109
Changes in Operating Assets and Liabilities, net	-215	141	326	-415	-168	41	-493	-533	-1,913	60	-88
Net Cash From Discontinued Operating Activities	113	129	104	5.70	-67	-89	-79	-78	-86	-66	-74
Net Cash From Investing Activities	280	-137	-2,584	-131	-187	-169	-112	-266	-154	264	-100
Net Cash From Continuing Investing Activities	-1,230	-101	-2,539	-38	-196	-200	-132	-266	-154	264	-100
Purchase of Property, Plant & Equipment	-53	-91	-1,289	-132	-142	-114	-113	-142	-150	-73	-99
Acquisitions	-1,205	0.00	-	-	0.00	-66	-5.20	-198	0.00	0.00	-12
Sale of Property, Plant & Equipment	-	-	38	-	-	-	0.00	51	5.80	0.00	0.00
Divestitures	-	-	1,264	20	-	-	-	0.00	0.00	340	0.00
Other Investing Activities, net	-40	-12	25	-14	-54	-20	-14	24	-9.80	-3.70	11
Net Cash From Financing Activities	-14	-377	2,426	-363	-124	-250	-748	-237	332	-870	386
Net Cash From Continuing Financing Activities	-14	-375	2,426	-397	-87	-250	-748	-237	332	-870	386
Repayment of Debt	-1,584	-262	-3.10	-555	-1,011	-3.00	-1,098	114	-1,200	0.00	-501
Repurchase of Common Equity	0.00	-11	-	-200	-400	-50	-408	-109	-81	-2.30	-1.80
Payment of Dividends	-86	-109	89	-89	-210	-237	-247	-268	-291	-291	-305
Issuance of Debt	1,650	2.80	3,125	80	1,500	27	1,000	0.00	1,899	-577	1,210
Issuance of Common Equity	5.90	4.10	23	374	51	25	7.90	9.40	5.30	0.20	0.20
Other Financing Activities, net	-	-	2.60	-6.80	-16	-12	-2.40	16	-0.80	0.00	-16
Effect of Exchange Rate Changes	-	-	4.00	4.50	-0.20	1.60	-12	-23	-60	-9.70	21

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-618	-21	115	54	-55	-59	-42	123	60	87	-194
Net Cash From Operating Activities	68	293	-164	295	141	400	-558	50	-208	637	-617
Net Cash From Continuing Operating Activities	102	318	-143	292	160	428	-545	66	-184	657	-601
Net Income / (Loss) Continuing Operations	4.60	1,154	9.40	298	67	30	-8.60	44	-548	-1,688	-261
Consolidated Net Income / (Loss)	-3.70	1,096	-3.10	295	66	-16	-16	68	-569	-1,721	-281
Net Income / (Loss) Discontinued Operations	-8.30	-57	-13	-2.80	-0.90	-46	-7.00	23	-20	-33	-20
Depreciation Expense	46	46	46	44	43	43	44	43	43	43	42
Non-Cash Adjustments To Reconcile Net Income	-40	297	-195	96	45	178	-413	246	297	1,980	-149
Changes in Operating Assets and Liabilities, net	91	-1,178	-3.10	-146	4.90	178	-167	-268	24	323	-233
Net Cash From Discontinued Operating Activities	-34	-25	-22	2.60	-18	-28	-13	-16	-24	-20	-16
Net Cash From Investing Activities	-48	-28	-24	-16	-16	320	-38	-13	-33	-15	-16
Net Cash From Continuing Investing Activities	-48	-28	-24	-16	-16	320	-38	-13	-33	-15	-16
Purchase of Property, Plant & Equipment	-33	-25	-21	-9.90	-16	-22	-32	-17	-24	-26	-17
Other Investing Activities, net	-15	14	-3.00	-6.00	-0.60	5.90	-5.80	3.70	-9.30	23	0.60
Net Cash From Financing Activities	-633	-231	306	-221	-186	-769	552	77	303	-546	442
Net Cash From Continuing Financing Activities	-633	-231	306	-221	-186	-766	552	77	303	-546	442
Repurchase of Common Equity	-	-	-1.70	-0.10	-0.40	2.20	-1.40	-	-0.30	-0.10	-0.90
Payment of Dividends	-73	-73	-73	-73	-73	-73	-80	-74	-78	-73	-10
Issuance of Debt	-	-	380	-	-232	-577	635	664	-549	460	453
Issuance of Common Equity	1.30	0.10	0.00	0.20	-	-	0.20	-	-	-	0.00
Other Financing Activities, net	-	-	-	-	-	-	-1.30	-	-	-1.80	0.00
Effect of Exchange Rate Changes	-4.40	-56	-2.20	-	-	-	2.20	10	-2.70	11	-3.10

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	2025
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	12/31/2025
Total Assets	6,326	6,139	9,206	9,974	9,873	10,186	10,673	11,171	11,926	11,653	9,687
Total Current Assets	2,972	2,849	3,653	4,030	4,075	4,376	5,054	5,439	5,129	4,958	4,959
Cash & Equivalents	79	64	283	134	339	569	517	572	302	357	585
Accounts Receivable	1,851	1,693	2,044	2,144	2,231	2,330	2,584	2,871	2,703	2,903	2,062
Inventories, net	800	479	993	1,026	1,017	1,096	1,522	1,652	1,725	1,202	1,220
Prepaid Expenses	242	232	326	433	488	381	431	344	399	496	481
Other Current Nonoperating Assets	-	382	7.30	294	-	-	-	-	-	0.00	612
Plant, Property, & Equipment, net	1,016	538	1,025	757	758	772	817	850	893	850	707
Total Noncurrent Assets	2,338	2,752	4,528	5,187	5,040	5,039	4,802	4,883	5,905	5,845	4,021
Long-Term Investments	2.50	1.00	1.40	0.70	0.70	3.10	9.20	15	20	26	20
Intangible Assets	837	720	2,632	2,703	2,629	2,625	2,522	2,508	2,465	2,361	2,362
Noncurrent Deferred & Refundable Income Taxes	287	242	253	273	257	230	194	211	1,337	1,524	1,216
Other Noncurrent Operating Assets	435	455	444	383	685	712	614	561	490	428	423
Total Liabilities & Shareholders' Equity	6,326	6,139	9,206	9,974	9,873	10,186	10,673	11,171	11,926	11,653	9,687
Total Liabilities	4,418	4,146	6,499	6,764	7,311	7,202	7,529	7,770	7,493	7,145	7,588
Total Current Liabilities	1,453	1,438	2,209	2,993	2,724	2,829	3,520	3,800	3,385	3,019	3,755
Short-Term Debt	113	94	193	548	228	338	441	541	934	337	1,305
Accounts Payable	404	317	714	796	900	947	1,135	1,252	602	769	771
Accrued Expenses	594	605	764	936	961	970	1,038	1,067	1,166	1,245	991
Current Deferred Revenue	250	240	381	458	493	347	631	681	482	454	453
Current Deferred & Payable Income Tax Liabilities	20	11	99	85	62	82	65	115	124	123	24
Current Employee Benefit Liabilities	6.40	7.10	5.70	6.20	4.30	4.20	4.30	2.30	6.40	6.40	3.30
Other Current Liabilities	67	105	52	67	76	141	206	142	70	86	46
Other Current Nonoperating Liabilities	-	59	1.30	97	-	-	-	-	-	0.00	162
Total Noncurrent Liabilities	2,964	2,708	4,290	3,771	4,587	4,373	4,009	3,971	4,108	4,125	3,833
Long-Term Debt	2,036	1,799	2,993	2,145	3,031	2,930	2,732	2,733	3,024	3,028	2,770
Asset Retirement Reserve & Litigation Obligation	282	306	346	459	471	444	416	439	495	521	600
Noncurrent Deferred & Payable Income Tax Liabilities	173	130	173	331	333	350	342	322	158	86	54
Noncurrent Employee Benefit Liabilities	194	137	59	47	44	46	42	32	24	19	21
Other Noncurrent Operating Liabilities	279	268	718	743	708	604	477	445	407	471	388
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	1,908	1,993	2,707	3,210	2,561	2,984	3,144	3,401	4,433	4,509	2,099
Total Preferred & Common Equity	1,866	1,958	2,682	3,121	2,532	2,962	3,124	3,378	4,411	4,488	2,072
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	1,866	1,958	2,682	3,121	2,532	2,962	3,124	3,378	4,411	4,488	2,072
Common Stock	436	437	469	795	848	879	899	928	954	985	991
Retained Earnings	3,385	3,506	3,952	4,334	4,189	4,506	5,093	5,556	6,587	6,638	4,170
Treasury Stock	-1,498	-1,507	-1,500	-1,699	-2,093	-2,141	-2,542	-2,646	-2,724	-2,725	-2,721
Accumulated Other Comprehensive Income / (Loss)	-457	-478	-240	-309	-412	-282	-326	-460	-407	-411	-369
Noncontrolling Interest	43	35	25	89	29	22	19	23	23	21	27

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	11,952	10,956	11,926	11,978	12,131	12,219	11,653	11,801	12,297	12,079	9,420
Total Current Assets	6,267	5,322	5,129	5,198	5,210	5,316	4,958	5,078	5,467	5,567	4,905
Cash & Equivalents	942	324	302	418	472	417	357	315	438	498	391
Accounts Receivable	2,783	2,565	2,703	2,818	2,702	2,891	2,903	2,900	3,076	2,330	2,245
Inventories, net	2,072	1,999	1,725	1,587	1,435	1,392	1,202	1,374	1,396	1,376	1,243
Prepaid Expenses	470	435	399	375	601	616	496	488	557	537	534
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	-	827	493
Plant, Property, & Equipment, net	868	873	893	876	861	869	850	859	891	855	628
Total Noncurrent Assets	4,817	4,762	5,905	5,905	6,059	6,034	5,845	5,865	5,939	5,656	3,887
Long-Term Investments	18	19	20	20	23	25	26	26	28	23	21
Intangible Assets	2,489	2,453	2,465	2,433	2,413	2,422	2,361	2,367	2,401	2,380	2,334
Noncurrent Deferred & Refundable Income Taxes	219	209	1,337	1,375	1,664	1,621	1,524	1,527	1,550	1,457	1,096
Other Noncurrent Operating Assets	500	495	490	489	450	448	428	430	434	438	437
Total Liabilities & Shareholders' Equity	11,952	10,956	11,926	11,978	12,131	12,219	11,653	11,801	12,297	12,079	9,420
Total Liabilities	8,574	7,642	7,493	7,646	7,550	7,589	7,145	7,389	7,869	8,278	7,570
Total Current Liabilities	4,353	3,447	3,385	3,553	3,523	3,588	3,019	3,305	3,573	3,991	3,813
Short-Term Debt	1,661	1,093	934	1,311	1,153	1,043	337	976	893	1,272	1,763
Accounts Payable	1,033	663	602	589	697	803	769	802	906	734	634
Accrued Expenses	1,428	1,483	1,166	1,361	1,481	1,574	1,245	1,347	1,632	1,485	1,106
Current Deferred Revenue	3.40	1.70	482	89	0.80	0.40	454	1.80	0.00	0.00	196
Current Deferred & Payable Income Tax Liabilities	118	108	124	116	120	83	123	103	78	78	27
Current Employee Benefit Liabilities	3.50	3.50	6.40	6.40	6.40	6.40	6.40	3.00	3.00	3.00	3.30
Other Current Liabilities	106	96	70	80	64	78	86	73	62	43	37
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	-	377	48
Total Noncurrent Liabilities	4,222	4,195	4,108	4,093	4,027	4,000	4,125	4,084	4,296	4,287	3,756
Long-Term Debt	3,022	3,023	3,024	3,025	3,026	3,027	3,028	3,028	3,270	3,271	2,771
Asset Retirement Reserve & Litigation Obligation	431	416	495	478	466	459	521	518	523	514	579
Noncurrent Deferred & Payable Income Tax Liabilities	324	321	158	152	110	104	86	87	94	92	49
Noncurrent Employee Benefit Liabilities	30	30	24	24	24	24	19	22	22	22	18
Other Noncurrent Operating Liabilities	415	406	407	414	401	386	471	430	387	388	340
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	3,377	3,315	4,433	4,333	4,581	4,630	4,509	4,412	4,428	3,801	1,850
Total Preferred & Common Equity	3,353	3,291	4,411	4,312	4,559	4,608	4,488	4,382	4,397	3,774	1,822
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	3,353	3,291	4,411	4,312	4,559	4,608	4,488	4,382	4,397	3,774	1,822
Common Stock	941	948	954	961	974	980	985	972	978	985	991
Retained Earnings	5,637	5,561	6,587	6,512	6,734	6,726	6,638	6,549	6,543	5,901	3,879
Treasury Stock	-2,724	-2,724	-2,724	-2,725	-2,725	-2,725	-2,725	-2,724	-2,721	-2,721	-2,718
Accumulated Other Comprehensive Income / (Loss)	-501	-495	-407	-437	-424	-373	-411	-415	-404	-391	-329
Noncontrolling Interest	24	24	23	21	21	22	21	30	31	27	28

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-23.56%	1.92%	-0.30%	69.30%	7.57%	0.70%	8.68%	15.01%	-22.67%	-5.36%	-18.34%
EBITDA Growth	-113.71%	593.26%	-20.71%	227.07%	8.08%	9.96%	13.76%	8.98%	-43.68%	-7.72%	-318.88%
EBIT Growth	-135.32%	266.01%	-28.13%	324.14%	9.72%	10.25%	15.34%	10.61%	-51.45%	-8.84%	-433.46%
NOPAT Growth	-129.24%	271.44%	-225.26%	397.30%	4.13%	4.35%	30.44%	5.12%	169.33%	-69.20%	-240.86%
Net Income Growth	54.77%	-57.53%	407.42%	-52.38%	-6.12%	14.85%	33.65%	0.60%	78.15%	-74.14%	-754.98%
EPS Growth	59.83%	-57.38%	407.42%	-52.38%	-1.90%	16.85%	35.46%	1.40%	81.24%	-74.17%	-757.35%
Operating Cash Flow Growth	-213.61%	219.29%	-32.60%	9.81%	32.60%	28.66%	30.49%	-28.98%	-166.35%	273.68%	-111.95%
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%	-11.13%
Invested Capital Growth	52.84%	-31.33%	105.18%	-6.13%	4.22%	3.64%	1.94%	5.15%	32.53%	-7.16%	-31.67%
Revenue Q/Q Growth	-23.71%	29.25%	-2.17%	12.24%	2.17%	-0.96%	5.46%	3.73%	-9.59%	1.88%	-3.91%
EBITDA Q/Q Growth	-140.10%	179.29%	-20.27%	38.64%	-7.07%	3.16%	11.91%	10.55%	-33.53%	45.56%	-840.31%
EBIT Q/Q Growth	-348.31%	284.20%	-28.74%	46.78%	-8.29%	3.40%	14.11%	12.26%	-40.39%	74.66%	-7,210.48%
NOPAT Q/Q Growth	-348.31%	145.35%	-191.73%	511.31%	-15.68%	-1.00%	26.04%	15.52%	224.03%	-94.23%	-7,210.48%
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%	-320.17%
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%	-321.70%
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%	74.74%
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%	36.71%
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%	-30.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.13%	36.68%	37.60%	43.87%	45.20%	44.09%	42.84%	40.10%	40.81%	38.83%	37.00%
EBITDA Margin	-2.80%	13.54%	10.77%	20.81%	20.90%	22.83%	23.89%	22.64%	16.49%	16.08%	-41.95%
Operating Margin	-5.88%	9.58%	6.26%	17.29%	17.82%	19.32%	20.50%	19.72%	12.38%	11.93%	-46.96%
EBIT Margin	-5.88%	9.58%	6.91%	17.30%	17.65%	19.32%	20.50%	19.72%	12.38%	11.93%	-46.96%
Profit (Net Income) Margin	20.01%	8.34%	42.44%	11.94%	10.42%	11.88%	14.61%	12.78%	29.44%	8.05%	-64.53%
Tax Burden Percent	-240.36%	117.09%	1,121.29%	84.07%	73.31%	75.44%	82.10%	75.36%	440.04%	135.29%	118.59%
Interest Burden Percent	141.57%	74.34%	54.81%	82.06%	80.52%	81.50%	86.79%	85.98%	54.03%	49.85%	115.86%
Effective Tax Rate	0.00%	27.71%	238.94%	11.64%	17.02%	20.68%	10.30%	14.76%	-372.85%	-59.76%	0.00%
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%	-18.08%
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%	-54.65%
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%	-49.64%
Return on Equity (ROE)	28.71%	10.85%	45.71%	17.29%	16.64%	19.89%	24.06%	22.66%	33.72%	7.64%	-67.72%
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%	19.55%
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%	-15.26%
Return on Assets (ROA)	8.56%	3.40%	14.00%	5.33%	4.84%	5.50%	7.07%	6.79%	11.44%	2.90%	-20.97%
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%	-67.22%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	-103	176	-220	655	682	711	928	975	2,627	809	-1,140
NOPAT Margin	-4.12%	6.92%	-8.70%	15.28%	14.79%	15.32%	18.39%	16.81%	58.55%	19.06%	-32.87%
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%	36.57%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	14.61%	31.31%	10.28%	-18.46%
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%	63.00%
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%	19.75%
R&D to Revenue	5.46%	5.30%	5.47%	6.71%	6.47%	6.20%	6.04%	5.42%	7.33%	6.55%	7.67%
Operating Expenses to Revenue	38.01%	27.10%	31.34%	26.58%	27.38%	24.77%	22.33%	20.38%	28.43%	26.90%	83.96%
Earnings before Interest and Taxes (EBIT)	-147	243	175	741	814	897	1,035	1,144	556	507	-1,628
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-70	344	273	892	964	1,060	1,205	1,314	740	683	-1,455
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	0.84
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	0.00
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	0.50
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	0.00
Dividend Yield	1.95%	1.33%	0.79%	1.35%	1.80%	1.69%	1.90%	1.86%	3.83%	4.77%	13.12%
Earnings Yield	10.83%	3.15%	9.55%	5.64%	4.05%	3.99%	5.62%	5.02%	17.49%	5.62%	0.00%
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	1.02
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	1.51
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	0.00
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	0.00
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	0.00
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	0.00
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	4.24
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	1.94
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	1.32
Financial Leverage	0.89	0.72	0.77	0.84	0.86	1.01	0.87	0.82	0.81	0.74	0.91
Leverage Ratio	3.36	3.20	3.27	3.24	3.44	3.62	3.40	3.34	2.95	2.64	3.23
Compound Leverage Factor	4.75	2.38	1.79	2.66	2.77	2.95	2.95	2.87	1.59	1.31	3.74
Debt to Total Capital	52.97%	48.71%	54.06%	45.62%	55.99%	52.27%	50.23%	49.05%	47.16%	42.74%	66.00%
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%	21.14%
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%	44.86%
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	1.05%	0.91%	0.43%	1.51%	0.50%	0.36%	0.31%	0.34%	0.27%	0.27%	0.44%
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%	33.55%
Debt to EBITDA	-30.83	5.51	11.69	3.02	3.38	3.08	2.63	2.49	5.35	4.93	-2.80
Net Debt to EBITDA	-29.67	5.32	10.64	2.87	3.03	2.54	2.20	2.05	4.91	4.37	-2.39
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	-1.90
Debt to NOPAT	-20.95	10.77	-14.47	4.11	4.78	4.59	3.42	3.36	1.51	4.16	-3.58
Net Debt to NOPAT	-20.16	10.40	-13.17	3.91	4.28	3.79	2.85	2.76	1.38	3.69	-3.04
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	-2.43
Altman Z-Score	1.97	2.58	2.16	2.20	2.46	2.70	2.68	2.86	2.08	2.01	0.69
Noncontrolling Interest Sharing Ratio	2.19%	2.00%	1.29%	1.94%	2.05%	0.93%	0.68%	0.65%	0.58%	0.49%	0.74%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.04	1.98	1.65	1.35	1.50	1.55	1.44	1.43	1.52	1.64	1.32
Quick Ratio	1.33	1.22	1.05	0.76	0.94	1.02	0.88	0.91	0.89	1.08	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,477	1,422	-3,092	998	460	512	818	677	647	1,387	1,232
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%	-81.17%
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	5.14
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	-0.33
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	-0.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.41	0.33	0.45	0.46	0.46	0.48	0.53	0.39	0.36	0.33
Accounts Receivable Turnover	1.44	1.43	1.36	2.05	2.11	2.04	2.05	2.13	1.61	1.51	1.40
Inventory Turnover	2.40	2.51	2.15	2.38	2.47	2.46	2.20	2.19	1.57	1.78	1.80
Fixed Asset Turnover	2.56	3.27	3.24	4.81	6.09	6.07	6.35	6.96	5.15	4.87	4.45
Accounts Payable Turnover	4.32	4.46	3.06	3.19	2.98	2.81	2.77	2.91	2.86	3.79	2.84
Days Sales Outstanding (DSO)	253.05	254.74	269.37	178.33	173.20	179.33	177.75	171.58	226.75	240.97	261.33
Days Inventory Outstanding (DIO)	151.97	145.20	170.02	153.10	147.56	148.55	165.64	166.64	232.00	205.62	202.28
Days Payable Outstanding (DPO)	84.41	81.85	119.20	114.54	122.50	129.86	131.73	125.35	127.44	96.33	128.62
Cash Conversion Cycle (CCC)	320.61	318.09	320.19	216.89	198.27	198.02	211.66	212.87	331.31	350.25	335.00
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	5,119
Invested Capital Turnover	0.76	0.76	0.61	0.79	0.86	0.83	0.88	0.98	0.63	0.55	0.55
Increase / (Decrease) in Invested Capital	1,375	-1,246	2,872	-344	222	200	110	298	1,980	-578	-2,372
Enterprise Value (EV)	6,625	8,493	14,153	11,545	14,730	16,555	15,832	17,386	11,212	9,072	5,230
Market Capitalization	4,514	6,630	11,226	8,898	11,782	13,837	13,167	14,675	7,555	6,068	1,733
Book Value per Share	$13.96	$14.63	$19.97	$23.18	$19.54	$22.83	$24.65	$26.82	$35.36	$35.95	$16.58
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	($2.32)
Total Capital	4,057	3,886	5,893	5,903	5,820	6,252	6,316	6,675	8,391	7,874	6,174
Total Debt	2,149	1,893	3,186	2,693	3,259	3,268	3,173	3,274	3,958	3,365	4,075
Total Long-Term Debt	2,036	1,799	2,993	2,145	3,031	2,930	2,732	2,733	3,024	3,028	2,770
Net Debt	2,068	1,828	2,901	2,558	2,919	2,696	2,647	2,688	3,635	2,982	3,470
Capital Expenditures (CapEx)	53	91	1,250	132	142	114	113	92	128	68	99
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	1,924
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	2,509
Net Working Capital (NWC)	1,519	1,411	1,443	1,037	1,351	1,547	1,534	1,639	1,745	1,939	1,204
Net Nonoperating Expense (NNE)	-601	-36	-1,294	143	202	160	191	234	1,306	468	1,098
Net Nonoperating Obligations (NNO)	2,068	737	2,895	2,048	2,919	2,696	2,647	2,688	3,635	2,982	3,020
Total Depreciation and Amortization (D&A)	77	101	98	150	150	163	171	169	184	176	174
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%	55.50%
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%	72.35%
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%	34.71%
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	($17.88)
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	124.93M
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	($17.88)
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	124.93M
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	0.00	0.00	0.00	0.00	129.12M	129.35M	125.70M	0.00	124.76M	124.84M	124.93M
Normalized Net Operating Profit after Tax (NOPAT)	2.66	244	162	709	824	816	1,025	1,055	538	508	232
Normalized NOPAT Margin	0.11%	9.63%	6.41%	16.54%	17.87%	17.58%	20.31%	18.18%	11.98%	11.97%	6.70%
Pre Tax Income Margin	-8.33%	7.12%	3.78%	14.20%	14.21%	15.75%	17.80%	16.96%	6.69%	5.95%	-54.41%
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	-6.80
NOPAT to Interest Expense	-1.65	2.77	-2.75	4.87	4.25	4.70	7.08	6.43	11.08	3.43	-4.76
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	-7.21
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	-5.17
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%	-13.63%
Augmented Payout Ratio	17.33%	56.59%	-8.31%	56.54%	127.09%	52.08%	88.89%	50.83%	28.18%	85.28%	-13.71%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	125,045,301.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	125,045,301.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-2.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-28.70%	-29.34%	-31.71%	2.36%	8.50%	6.82%	-13.79%	1.17%	-49.11%	-11.52%	-4.14%
EBITDA Growth	-41.90%	-85.36%	-65.72%	-40.88%	22.13%	333.91%	-14.87%	59.38%	-305.56%	-594.60%	-142.96%
EBIT Growth	-52.14%	-95.41%	-75.70%	-52.87%	34.52%	1,196.13%	-21.35%	106.20%	-406.33%	-703.84%	-253.45%
NOPAT Growth	-91.28%	-96.67%	-65.79%	-61.38%	758.37%	207.73%	-217.48%	118.86%	-323.04%	-2,643.28%	44.49%
Net Income Growth	-103.13%	291.01%	-101.58%	811.11%	1,872.97%	-101.47%	-403.23%	-77.03%	-966.77%	-10,589.44%	-1,702.56%
EPS Growth	-103.16%	306.02%	-101.29%	879.17%	1,833.33%	-101.48%	-500.00%	-77.45%	-969.23%	-10,492.31%	-1,775.00%
Operating Cash Flow Growth	-83.01%	-52.66%	80.97%	151.54%	109.19%	36.44%	-239.60%	-83.21%	-247.45%	59.40%	-10.44%
Free Cash Flow Firm Growth	-465.23%	-2,486.46%	-105.73%	-94.95%	-52.95%	131.34%	105.78%	121.00%	158.10%	123.92%	4,440.13%
Invested Capital Growth	10.94%	32.53%	14.39%	16.41%	16.52%	-7.16%	-1.91%	-1.69%	-10.72%	-31.67%	-31.55%
Revenue Q/Q Growth	-3.21%	16.72%	-19.90%	13.12%	2.60%	14.91%	-35.36%	32.74%	-48.39%	99.80%	-29.97%
EBITDA Q/Q Growth	-18.80%	-56.28%	87.03%	-10.94%	67.73%	55.31%	-63.31%	60.16%	-319.67%	-283.12%	96.91%
EBIT Q/Q Growth	-23.75%	-82.04%	308.84%	-15.81%	117.66%	73.01%	-75.19%	105.84%	-435.48%	-252.48%	94.04%
NOPAT Q/Q Growth	-87.17%	-12.56%	586.27%	-49.84%	185.21%	-68.65%	-361.98%	193.44%	-390.65%	-257.46%	94.28%
Net Income Q/Q Growth	-111.42%	29,732.43%	-100.28%	9,622.58%	-77.78%	-124.54%	3.11%	534.62%	-938.64%	-202.67%	83.66%
EPS Q/Q Growth	-112.50%	29,333.33%	-100.23%	11,850.00%	-77.87%	-125.00%	7.69%	541.67%	-952.83%	-204.65%	83.66%
Operating Cash Flow Q/Q Growth	-42.41%	333.78%	-156.15%	279.32%	-52.10%	182.93%	-239.75%	108.87%	-520.61%	405.86%	-196.83%
Free Cash Flow Firm Q/Q Growth	-18.97%	-187.55%	51.78%	-18.19%	6.66%	158.91%	-91.10%	329.23%	158.27%	127.05%	80.37%
Invested Capital Q/Q Growth	-0.19%	13.85%	2.01%	0.42%	-0.09%	-9.29%	7.78%	0.64%	-9.27%	-30.57%	7.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	38.82%	38.02%	37.00%	38.34%	36.27%	42.86%	40.02%	38.68%	23.77%	39.80%	32.51%
EBITDA Margin	14.91%	5.58%	13.04%	10.27%	16.78%	22.68%	12.88%	15.54%	-66.12%	-126.79%	-5.59%
Operating Margin	10.27%	1.58%	8.06%	6.00%	12.73%	19.16%	7.35%	12.03%	-73.09%	-130.77%	-10.68%
EBIT Margin	10.27%	1.58%	8.06%	6.00%	12.73%	19.16%	7.35%	11.40%	-74.12%	-130.77%	-11.13%
Profit (Net Income) Margin	-0.38%	95.66%	-0.34%	28.43%	6.16%	-1.32%	-1.97%	6.45%	-104.87%	-158.87%	-37.07%
Tax Burden Percent	-11.56%	-2,526.27%	-38.75%	-5,367.27%	90.48%	-9.07%	-318.37%	115.31%	122.02%	115.95%	188.47%
Interest Burden Percent	31.75%	-239.78%	10.81%	-8.83%	53.47%	75.66%	8.42%	49.08%	115.95%	104.78%	176.78%
Effective Tax Rate	85.63%	0.00%	-17.50%	0.00%	8.28%	83.38%	275.51%	24.49%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.09%	0.70%	4.99%	2.23%	6.34%	1.74%	-6.52%	4.58%	-23.62%	-50.34%	-3.78%
ROIC Less NNEP Spread (ROIC-NNEP)	0.56%	34.98%	2.62%	9.03%	4.75%	0.07%	-4.23%	3.83%	-31.71%	-74.64%	-9.89%
Return on Net Nonoperating Assets (RNNOA)	0.60%	28.23%	2.54%	8.40%	4.43%	0.05%	-3.66%	3.14%	-27.08%	-67.81%	-11.60%
Return on Equity (ROE)	1.69%	28.93%	7.53%	10.63%	10.77%	1.79%	-10.18%	7.72%	-50.70%	-118.15%	-15.37%
Cash Return on Invested Capital (CROIC)	1.66%	9.14%	72.81%	-12.84%	167.44%	17.83%	11.23%	4.55%	11.54%	19.55%	19.26%
Operating Return on Assets (OROA)	4.69%	0.61%	2.76%	2.04%	4.58%	6.90%	2.55%	3.86%	-22.02%	-42.49%	-3.60%
Return on Assets (ROA)	-0.17%	37.17%	-0.12%	9.64%	2.21%	-0.47%	-0.68%	2.18%	-31.15%	-51.63%	-12.00%
Return on Common Equity (ROCE)	1.68%	28.76%	7.48%	10.57%	10.71%	1.78%	-10.12%	7.68%	-50.41%	-117.27%	-15.23%
Return on Equity Simple (ROE_SIMPLE)	15.35%	0.00%	26.02%	30.37%	31.56%	0.00%	7.51%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	14	13	87	44	124	39	-102	95	-277	-992	-57
NOPAT Margin	1.48%	1.11%	9.47%	4.20%	11.67%	3.18%	-12.91%	9.09%	-51.16%	-91.54%	-7.47%
Net Nonoperating Expense Percent (NNEP)	0.52%	-34.28%	2.37%	-6.79%	1.59%	1.66%	-2.29%	0.75%	8.09%	24.30%	6.12%
Return On Investment Capital (ROIC_SIMPLE)	-	0.15%	-	-	-	0.50%	-1.21%	1.11%	-3.33%	-16.06%	-0.89%
Cost of Revenue to Revenue	61.18%	61.98%	63.00%	61.66%	63.73%	57.14%	59.98%	61.32%	76.23%	60.20%	67.49%
SG&A Expenses to Revenue	17.45%	14.96%	17.85%	15.87%	14.94%	12.80%	21.73%	16.83%	30.87%	15.57%	24.40%
R&D to Revenue	8.24%	7.14%	6.63%	7.31%	6.48%	5.90%	8.68%	6.32%	11.67%	6.25%	8.63%
Operating Expenses to Revenue	28.56%	36.44%	28.94%	32.34%	23.54%	23.70%	32.66%	26.64%	96.86%	170.56%	43.18%
Earnings before Interest and Taxes (EBIT)	101	18	74	62	136	235	58	120	-402	-1,417	-84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	146	64	120	107	179	278	102	163	-359	-1,374	-42
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.44	1.71	1.84	1.58	1.79	1.35	1.20	1.19	1.11	0.84	1.18
Price to Tangible Book Value (P/TBV)	0.00	21.45	27.34	11.28	12.32	9.79	10.53	11.13	121.06	0.00	0.00
Price to Revenue (P/Rev)	1.62	1.68	1.96	1.76	1.97	1.43	1.28	1.26	1.16	0.50	0.63
Price to Earnings (P/E)	16.19	5.72	7.08	5.18	5.65	17.79	16.04	52.20	0.00	0.00	0.00
Dividend Yield	3.60%	3.83%	3.64%	4.03%	3.52%	4.77%	5.50%	5.56%	6.90%	13.12%	7.67%
Earnings Yield	6.18%	17.49%	14.13%	19.31%	17.69%	5.62%	6.23%	1.92%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.39	1.44	1.32	1.44	1.21	1.11	1.10	1.12	1.02	1.14
Enterprise Value to Revenue (EV/Rev)	2.39	2.50	2.92	2.67	2.85	2.14	2.17	2.16	2.29	1.51	1.83
Enterprise Value to EBITDA (EV/EBITDA)	10.64	15.15	23.25	24.94	25.33	13.29	13.47	12.28	41.98	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	12.71	20.18	36.50	42.67	40.97	17.91	18.26	16.12	360.24	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	14.61	4.27	1.78	60.96	0.85	11.21	11.81	38.37	514.63	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	37.90	22.19	21.05	13.52	32.32	280.36	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	105.75	17.34	2.11	0.00	0.92	6.54	9.79	23.97	9.15	4.24	4.81
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.24	0.89	1.00	0.91	0.88	0.75	0.91	0.94	1.20	1.94	2.45
Long-Term Debt to Equity	0.91	0.68	0.70	0.66	0.65	0.67	0.69	0.74	0.86	1.32	1.50
Financial Leverage	1.07	0.81	0.97	0.93	0.93	0.74	0.86	0.82	0.85	0.91	1.17
Leverage Ratio	3.33	2.95	3.03	3.03	2.92	2.64	2.72	2.71	2.88	3.23	3.39
Compound Leverage Factor	1.06	-7.07	0.33	-0.27	1.56	2.00	0.23	1.33	3.34	3.38	5.99
Debt to Total Capital	55.39%	47.16%	50.02%	47.71%	46.78%	42.74%	47.58%	48.46%	54.44%	66.00%	71.02%
Short-Term Debt to Total Capital	14.71%	11.13%	15.12%	13.17%	11.99%	4.28%	11.60%	10.40%	15.24%	21.14%	27.62%
Long-Term Debt to Total Capital	40.68%	36.03%	34.89%	34.54%	34.79%	38.45%	35.98%	38.06%	39.20%	44.86%	43.40%
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	0.32%	0.27%	0.25%	0.24%	0.26%	0.27%	0.35%	0.36%	0.32%	0.44%	0.44%
Common Equity to Total Capital	44.29%	52.57%	49.74%	52.05%	52.96%	56.99%	52.07%	51.18%	45.23%	33.55%	28.54%
Debt to EBITDA	3.70	5.35	8.49	9.57	8.68	4.93	6.02	5.72	23.12	-2.80	-2.84
Net Debt to EBITDA	3.39	4.91	7.64	8.44	7.73	4.37	5.51	5.08	20.47	-2.39	-2.58
Long-Term Debt to EBITDA	2.72	4.09	5.93	6.93	6.45	4.43	4.55	4.49	16.64	-1.90	-1.74
Debt to NOPAT	5.08	1.51	0.65	23.39	0.29	4.16	5.28	17.86	283.36	-3.58	-3.66
Net Debt to NOPAT	4.65	1.38	0.59	20.63	0.26	3.69	4.83	15.86	250.89	-3.04	-3.33
Long-Term Debt to NOPAT	3.73	1.15	0.45	16.94	0.22	3.74	3.99	14.03	204.02	-2.43	-2.24
Altman Z-Score	2.03	1.93	1.91	1.87	1.97	1.94	1.75	1.70	1.33	0.76	1.22
Noncontrolling Interest Sharing Ratio	0.60%	0.58%	0.58%	0.57%	0.58%	0.49%	0.58%	0.58%	0.58%	0.74%	0.92%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.54	1.52	1.46	1.48	1.48	1.64	1.54	1.53	1.40	1.32	1.29
Quick Ratio	0.84	0.89	0.91	0.90	0.92	1.08	0.97	0.98	0.71	0.70	0.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-684	-1,968	-949	-1,121	-1,047	617	55	235	608	1,381	2,490
Operating Cash Flow to CapEx	204.55%	1,166.53%	-794.20%	2,977.78%	899.36%	1,849.54%	-1,766.77%	289.47%	-878.48%	2,412.12%	-3,670.24%
Free Cash Flow to Firm to Interest Expense	-10.59	-37.77	-15.38	-17.63	-17.83	11.90	1.09	3.86	9.49	21.44	38.43
Operating Cash Flow to Interest Expense	1.04	5.62	-2.66	4.64	2.41	7.71	-11.14	0.81	-3.25	9.89	-9.52
Operating Cash Flow Less CapEx to Interest Expense	0.53	5.14	-3.00	4.48	2.14	7.30	-11.77	0.53	-3.62	9.48	-9.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.46	0.39	0.34	0.34	0.36	0.36	0.35	0.34	0.30	0.33	0.32
Accounts Receivable Turnover	1.92	1.61	1.35	1.49	1.53	1.51	1.44	1.43	1.38	1.40	1.34
Inventory Turnover	1.55	1.57	1.41	1.44	1.54	1.78	1.68	1.76	1.61	1.80	1.70
Fixed Asset Turnover	5.97	5.15	4.67	4.72	4.79	4.87	4.75	4.72	4.18	4.45	4.62
Accounts Payable Turnover	3.37	2.86	2.79	2.92	3.56	3.79	3.59	3.12	2.91	2.84	3.09
Days Sales Outstanding (DSO)	189.92	226.75	270.57	245.09	238.86	240.97	253.32	255.26	264.04	261.33	273.38
Days Inventory Outstanding (DIO)	236.22	232.00	258.34	253.03	237.27	205.62	216.74	206.85	226.35	202.28	214.97
Days Payable Outstanding (DPO)	108.18	127.44	130.88	124.81	102.54	96.33	101.81	117.16	125.64	128.62	117.95
Cash Conversion Cycle (CCC)	317.96	331.31	398.03	373.31	373.59	350.25	368.25	344.95	364.74	335.00	370.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,087	8,069	8,231	8,266	8,258	7,491	8,074	8,126	7,373	5,119	5,527
Invested Capital Turnover	0.74	0.63	0.53	0.53	0.54	0.55	0.51	0.50	0.46	0.55	0.51
Increase / (Decrease) in Invested Capital	699	1,980	1,036	1,165	1,171	-578	-157	-140	-886	-2,372	-2,547
Enterprise Value (EV)	11,842	11,212	11,866	10,889	11,881	9,072	8,959	8,943	8,250	5,230	6,301
Market Capitalization	8,046	7,555	7,947	7,183	8,231	6,068	5,267	5,215	4,201	1,733	2,151
Book Value per Share	$26.38	$35.36	$34.54	$36.53	$36.91	$35.95	$35.10	$35.20	$30.21	$16.58	$14.58
Tangible Book Value per Share	($5.99)	$2.82	$2.33	$5.10	$5.35	$4.96	$4.01	$3.75	$0.28	($2.32)	($4.09)
Total Capital	7,430	8,391	8,669	8,760	8,700	7,874	8,415	8,591	8,343	6,174	6,384
Total Debt	4,116	3,958	4,336	4,179	4,070	3,365	4,004	4,163	4,542	4,075	4,534
Total Long-Term Debt	3,023	3,024	3,025	3,026	3,027	3,028	3,028	3,270	3,271	2,770	2,771
Net Debt	3,773	3,635	3,898	3,685	3,628	2,982	3,662	3,697	4,022	3,470	4,122
Capital Expenditures (CapEx)	33	25	21	9.90	16	22	32	17	24	26	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,645	2,376	2,538	2,369	2,354	1,919	2,433	2,349	2,351	1,924	2,464
Debt-free Net Working Capital (DFNWC)	2,969	2,679	2,956	2,840	2,770	2,277	2,748	2,788	2,848	2,509	2,855
Net Working Capital (NWC)	1,876	1,745	1,645	1,687	1,727	1,939	1,772	1,894	1,577	1,204	1,092
Net Nonoperating Expense (NNE)	18	-1,084	90	-252	59	55	-87	28	291	729	225
Net Nonoperating Obligations (NNO)	3,773	3,635	3,898	3,685	3,628	2,982	3,662	3,697	3,572	3,020	3,677
Total Depreciation and Amortization (D&A)	46	46	46	44	43	43	44	43	43	43	42
Debt-free, Cash-free Net Working Capital to Revenue	53.29%	52.96%	62.51%	58.00%	56.47%	45.20%	59.06%	56.86%	65.15%	55.50%	71.73%
Debt-free Net Working Capital to Revenue	59.82%	59.70%	72.80%	69.54%	66.47%	53.61%	66.71%	67.47%	78.94%	72.35%	83.11%
Net Working Capital to Revenue	37.80%	38.88%	40.51%	41.31%	41.44%	45.67%	43.02%	45.85%	43.70%	34.71%	31.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$8.78	($0.02)	$2.35	$0.52	($0.12)	($0.12)	$0.53	($4.52)	($13.77)	($2.25)
Adjusted Weighted Average Basic Shares Outstanding	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M	124.91M	124.92M	124.93M	125.05M
Adjusted Diluted Earnings per Share	($0.03)	$8.77	($0.02)	$2.35	$0.52	($0.13)	($0.12)	$0.53	($4.52)	($13.77)	($2.25)
Adjusted Weighted Average Diluted Shares Outstanding	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M	124.91M	124.92M	124.93M	125.05M
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	124.76M	124.76M	124.82M	124.82M	124.84M	124.84M	124.91M	124.91M	124.92M	124.93M	125.05M
Normalized Net Operating Profit after Tax (NOPAT)	90	128	80	110	145	207	53	123	-71	136	-2.80
Normalized NOPAT Margin	9.20%	11.14%	8.76%	10.61%	13.62%	16.91%	6.72%	11.72%	-13.14%	12.58%	-0.37%
Pre Tax Income Margin	3.26%	-3.79%	0.87%	-0.53%	6.81%	14.50%	0.62%	5.60%	-85.95%	-137.02%	-19.67%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.56	0.35	1.20	0.98	2.31	4.53	1.16	1.96	-6.27	-22.00	-1.30
NOPAT to Interest Expense	0.22	0.24	1.41	0.69	2.12	0.75	-2.04	1.56	-4.33	-15.40	-0.88
EBIT Less CapEx to Interest Expense	1.05	-0.13	0.86	0.82	2.04	4.11	0.53	1.68	-6.64	-22.41	-1.56
NOPAT Less CapEx to Interest Expense	-0.29	-0.24	1.07	0.53	1.85	0.34	-2.67	1.28	-4.70	-15.81	-1.13
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.61%	22.04%	25.93%	21.01%	20.03%	85.28%	90.88%	295.18%	-57.22%	-13.63%	-9.37%
Augmented Payout Ratio	92.50%	28.18%	30.58%	21.14%	20.18%	85.28%	90.79%	294.79%	-57.13%	-13.71%	-9.42%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, four-year view of FMC (NYSE:FMC) using quarterly income statements, cash flow statements, and balance sheets. The focus is on the most recent four years of data (through Q4 2025) to help retail investors gauge earnings quality, cash generation, and balance-sheet strength. Key trends include solid cash flow in late 2025, a large one-time restructuring hit in Q4 2025, and a generally stable but leveraged balance sheet.

Q4 2025 Net Cash From Continuing Operating Activities: $657,100,000
Q4 2025 Net Change in Cash & Equivalents: $86,800,000
Q4 2025 Free Cash Flow (roughly CFO minus CAPEX): about $630,700,000
As of Q3 2025, Total Current Assets were about $5.567B and Total Current Liabilities were about $3.991B, implying roughly $1.576B of working capital
Total Assets around $12.079B; Total Liabilities about $8.278B; Total Equity approximately $3.801B as of Q3 2025
Long-Term Debt about $3.271B and Short-Term Debt about $1.272B (debt burden in the mid-range for a large cap chemical company)
Q4 2025 Revenue was $1.0833B, with Q3 2025 at $0.5422B and Q4 2024 at $1.2243B, indicating some quarter-to-quarter volatility and seasonality
Q4 2025 Gross Profit $431.1M on $1.0833B revenue, yielding a margin around the low 40s percent (roughly 40%), broadly in line with recent quarters
Q4 2025 Restructuring Charge: $1,611,300,000, contributing to a negative operating result
Q4 2025 Net Income Attributable to Common Shareholders: -$1,720,800,000 (reflecting the restructuring and related charges)

Bottom line: FMC’s cash flow generation was positive and sizable in Q4 2025, signaling improving liquidity and potential for future capital deployment. However, the quarter also included a large one-time restructuring charge that drove a substantial hit to earnings. The balance sheet remains solid with adequate liquidity and a manageable debt load, but the elevated long- and short-term debt levels warrant watching as FMC continues to execute its strategic plan. Investors should monitor how ongoing restructuring and cost-reduction efforts influence margins and free cash flow in 2026.

05/20/26 05:51 PM ETAI Generated. May Contain Errors.

FMC Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FMC's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

FMC's net income appears to be on a downward trend, with a most recent value of -$2.24 billion in 2025, falling from $498.50 million in 2015. The previous period was $341.60 million in 2024. See FMC's forecast for analyst expectations on what's next for the company.

FMC's total operating income in 2025 was -$1.63 billion, based on the following breakdown:

Total Gross Profit: $1.28 billion
Total Operating Expenses: $2.91 billion

Over the last 10 years, FMC's total revenue changed from $2.49 billion in 2015 to $3.47 billion in 2025, a change of 39.2%.

FMC's total liabilities were at $7.59 billion at the end of 2025, a 6.2% increase from 2024, and a 71.8% increase since 2015.

In the past 10 years, FMC's cash and equivalents has ranged from $64.20 million in 2016 to $584.50 million in 2025, and is currently $584.50 million as of their latest financial filing in 2025.

Over the last 10 years, FMC's book value per share changed from 13.96 in 2015 to 16.58 in 2025, a change of 18.8%.

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Financial statements for NYSE:FMC last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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FMC (FMC) Financials

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FMC (FMC) Financials

Annual Income Statements for FMC

Quarterly Income Statements for FMC

Annual Cash Flow Statements for FMC

Quarterly Cash Flow Statements for FMC

Annual Balance Sheets for FMC

Quarterly Balance Sheets for FMC

Annual Metrics And Ratios for FMC

Quarterly Metrics And Ratios for FMC

Financials Breakdown Chart

Key Financial Trends

FMC Financials - Frequently Asked Questions

When does FMC's fiscal year end?

How has FMC's net income changed over the last 10 years?

What is FMC's operating income?

How has FMC's revenue changed over the last 10 years?

How much debt does FMC have?

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How has FMC's book value per share changed over the last 10 years?

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