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Medline vs Resmed: revenue, profit, margins and growth compared

Medline brought in $28.4B of revenue in fiscal 2025, Resmed $5.7B in fiscal 2026. Medline kept 4.1% of its revenue as net profit, Resmed 26.9%. Free cash flow was $1.3B at Medline and $1.6B at Resmed.

Side by side, latest fiscal year

MDLNRMD
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 30, 2026)
Revenue$28.4B$5.7B
Revenue growthn/a+9.9%
Net income$1.2B$1.5B
Net margin4.1%26.9%
Free cash flow$1.3B$1.6B
Free cash flow margin4.6%29.2%
Earnings per share (diluted)-$0.01$10.43
Cash$1.9B$1.5B
Debt$12.6B$399.4M
Price to earningsn/a21.3
Market value$46.2B$32B
Dividend yieldn/a1.08%
Rank by revenue in sector#23 of 742 · Health care#61 of 742 · Health care

Over the years

Revenue
MDLN FY2023: $23.2BMDLN FY2025: $25.5BMDLN FY2025: $28.4BRMD FY2019: $2.6BRMD FY2020: $3BRMD FY2021: $3.2BRMD FY2022: $3.6BRMD FY2023: $4.2BRMD FY2024: $4.7BRMD FY2025: $5.1BRMD FY2026: $5.7BFY19FY20FY21FY22FY23FY24FY25FY26
MDLN $28.4BRMD $5.7B
Net income
MDLN FY2023: $234MMDLN FY2025: $1.2BMDLN FY2025: $1.2BMDLN FY2025: $1.2BRMD FY2019: $404.6MRMD FY2020: $621.7MRMD FY2021: $474.5MRMD FY2022: $779.4MRMD FY2023: $897.6MRMD FY2024: $1BRMD FY2025: $1.4BRMD FY2026: $1.5BFY19FY20FY21FY22FY23FY24FY25FY26
MDLN $1.2BRMD $1.5B
Net margin
MDLN FY2023: 1.0%MDLN FY2025: 4.6%MDLN FY2025: 4.1%RMD FY2019: 15.5%RMD FY2020: 21.0%RMD FY2021: 14.8%RMD FY2022: 21.8%RMD FY2023: 21.3%RMD FY2024: 21.8%RMD FY2025: 27.2%RMD FY2026: 26.9%FY19FY20FY21FY22FY23FY24FY25FY26
MDLN 4.1%RMD 26.9%
Revenue growth
MDLN FY2025: +9.8%RMD FY2020: +13.4%RMD FY2021: +8.1%RMD FY2022: +11.9%RMD FY2023: +18.0%RMD FY2024: +10.9%RMD FY2025: +9.8%RMD FY2026: +9.9%FY20FY21FY22FY23FY24FY25FY26
MDLN +9.8%RMD +9.9%
Free cash flow
MDLN FY2023: $1.4BMDLN FY2025: $1.4BMDLN FY2025: $1.3BRMD FY2019: $390.3MRMD FY2020: $706.9MRMD FY2021: $634MRMD FY2022: $216.3MRMD FY2023: $573.6MRMD FY2024: $1.3BRMD FY2025: $1.7BRMD FY2026: $1.6BFY19FY20FY21FY22FY23FY24FY25FY26
MDLN $1.3BRMD $1.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Medline and Resmed

Which is bigger by revenue, Medline or Resmed?

Medline is bigger by revenue: $28.4B in fiscal 2025, against $5.7B for Resmed in fiscal 2026.

Which keeps more of its revenue as profit, Medline or Resmed?

Medline had a net margin of 4.1% in fiscal 2025; Resmed had 26.9% in fiscal 2026.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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