Friday 6 November 2026
Export FMC’s income statement to Excel — free account
FMC Corporation
FMC Basic Materials Agricultural Inputs
FMC Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.5 billion, down 18.3% from fiscal 2024.
- Revenue
- −80.5%
- EPS
- −243.8%
- Free cash flow
- +90.9%
- Total debt
- −8.02%
Quarter to September 2026, against a year earlier
5.69
0.38
−6.26%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 2,539 | 2,531 | 4,285 | 4,610 | 4,642 | 5,045 | 5,802 | 4,487 | 4,246 | 3,467 | 2,815 | +3.5% | 3,264 | 3,529 | 3,685 | +2.0% | |
| Gross margin, % | 36.68 | 37.60 | 43.87 | 45.20 | 44.09 | 42.84 | 40.10 | 40.81 | 38.83 | 37.00 | 21.96 | +0.3 pt | ||||||
| EBT | 181 | 96 | 608 | 655 | 731 | 898 | 984 | 300 | 253 | (1,887) | (3,016) | n/m | ||||||
| EBT margin, % | 7.12 | 3.78 | 14.20 | 14.21 | 15.75 | 17.80 | 16.96 | 6.69 | 5.95 | (54.41) | (107.13) | (61.5) pt | ||||||
| Net income | 212 | 538 | 512 | 480 | 552 | 737 | 742 | 1,321 | 342 | (2,237) | (4,254) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 18.96 | 18.85 | 31.88 | 35.25 | 35.79 | 39.29 | 46.06 | 35.88 | 33.97 | 27.70 | 21.16 | +4.3% | |||||
| Earnings | 1.56 | 3.99 | 3.72 | 3.64 | 4.24 | 5.72 | 5.83 | 10.55 | 2.73 | (17.88) | (33.02) | n/m | ||||||
| Cash flow | 3.72 | 2.50 | 2.74 | 3.74 | 4.99 | 6.39 | 4.62 | (3.09) | 5.37 | (0.64) | 2.64 | n/m | ||||||
| Capex | (0.67) | (0.29) | (0.62) | (0.72) | (0.28) | (0.63) | (0.73) | (1.02) | (0.54) | (0.77) | (0.42) | +1.6% | ||||||
| Free cash flow | 3.05 | 2.21 | 2.12 | 3.02 | 4.72 | 5.76 | 3.89 | (4.11) | 4.83 | (1.41) | 2.22 | n/m | ||||||
| Book value | 14.89 | 20.16 | 23.89 | 19.59 | 23.01 | 24.48 | 27.00 | 35.45 | 36.07 | 16.77 | 0.07 | +1.3% | ||||||
| Shares, m | 134 | 134 | 134 | 131 | 130 | 128 | 126 | 125 | 125 | 125 | 127 | (0.7%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 31.85 | 20.95 | 17.32 | 27.57 | 27.04 | 19.21 | 21.39 | 6.15 | 17.87 | 0.00 | 0.00 | 18.9 | |||||
| P/S | 2.62 | 4.42 | 2.02 | 2.83 | 3.21 | 2.80 | 2.71 | 1.81 | 1.43 | 0.50 | 0.29 | 2.4 | ||||||
| P/B | 3.34 | 4.14 | 2.70 | 5.10 | 5.00 | 4.49 | 4.63 | 1.83 | 1.35 | 0.83 | 84.73 | 3.3 | ||||||
| EV/Sales | 3.34 | 5.57 | 2.62 | 3.46 | 3.79 | 3.32 | 3.18 | 2.62 | 2.14 | 1.51 | 1.51 | 3.2 | ||||||
| EV/FCF | 20.76 | 47.44 | 39.30 | 40.48 | 28.78 | 22.67 | 37.58 | (22.87) | 15.06 | (29.61) | 14.37 | 20.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 498 | 336 | 368 | 489 | 648 | 820 | 582 | (386) | 671 | (80) | 351 | n/m | |||||
| Capex | (89) | (38) | (83) | (94) | (36) | (80) | (92) | (128) | (68) | (96) | (56) | +0.8% | ||||||
| Free cash flow | 409 | 297 | 285 | 395 | 612 | 740 | 491 | (514) | 603 | (176) | 296 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 1,411 | 1,443 | 1,037 | 1,351 | 1,547 | 1,534 | 1,639 | 1,745 | 1,939 | 1,204 | 1,819 | (1.8%) | |||||
| Net debt | 1,829 | 2,903 | 2,558 | 2,920 | 2,699 | 2,656 | 2,702 | 3,655 | 3,008 | 3,490 | 3,442 | +7.4% | ||||||
| Shareholders’ equity | 1,993 | 2,707 | 3,210 | 2,561 | 2,984 | 3,144 | 3,401 | 4,433 | 4,509 | 2,099 | 10 | +0.6% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 3.35 | 6.98 | 5.24 | 4.80 | 5.49 | 7.07 | 6.73 | 11.44 | 2.89 | (20.98) | (42.58) | (24.3) pt | |||||
| ROIC | 4.36 | 1.77 | 8.03 | 9.37 | 9.86 | 11.15 | 11.72 | 4.29 | 4.21 | (18.21) | (49.43) | (22.6) pt | ||||||
| ROE | 10.72 | 22.80 | 16.97 | 16.49 | 19.87 | 24.08 | 22.46 | 33.74 | 7.63 | (67.77) | (223.37) | (78.5) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 5,900 | 7,000 | 7,300 | 6,400 | 6,400 | 6,400 | 6,600 | 6,600 | 5,700 | 5,500 | — | (0.8%) | |||||
| Revenue/emp, $m | 0.43 | 0.36 | 0.59 | 0.72 | 0.73 | 0.79 | 0.88 | 0.68 | 0.74 | 0.63 | — | +4.3% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
FMC Corporation vs peers in Agricultural Inputs (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| CF CF Industries Holdings, Inc. | $17.9B | 8.3× | 8.0× | +12.12% (above 0%: growing) | +31.51% (above 0%: growing) | +23.85% (above 0%: growing) | 38.71% | 37.69% | Compare |
| CTVA Corteva, Inc. | $8.0B | 8.0× | 14.2× | −1.19% (below 0%: shrinking) | −9.90% (below 0%: shrinking) | −169.39% (below 0%: shrinking) | 57.39% | 26.21% | Compare |
| MOS The Mosaic Company | $7.1B | — (loss-making) | — (loss-making) | −10.18% (below 0%: shrinking) | n/m | +102.12% (above 0%: growing) | 2.71% | (3.12%) | Compare |
| ICL ICL Group Ltd. | $6.0B | 19.5× | 20.4× | +16.54% (above 0%: growing) | +57.14% (above 0%: growing) | +38.81% (above 0%: growing) | 31.10% | 12.46% | Compare |
| SMG The Scotts Miracle-Gro Company | $3.9B | 37.2× | 23.4× | −39.12% (below 0%: shrinking) | n/m | +24.47% (above 0%: growing) | (0.69%) | (47.21%) | Compare |
| UAN CVR Partners, LP | $1.2B | 10.8× | — | −10.64% (below 0%: shrinking) | n/m | +5.14% (above 0%: growing) | 21.70% | (2.49%) | Compare |
| FMC FMC Corporation | $944.2M | — (loss-making) | — (loss-making) | −80.47% (below 0%: shrinking) | n/m | +90.90% (above 0%: growing) | (379.23%) | (1,050.24%) | |
| IPI Intrepid Potash, Inc | $422.1M | 16.9× | — (loss-making) | −4.11% (below 0%: shrinking) | −54.76% (below 0%: shrinking) | −85.77% (below 0%: shrinking) | 19.68% | 0.41% | Compare |
| LVROF Lavoro Limited | $34.8M | — (loss-making) | — (loss-making) | −23.62% (below 0%: shrinking) | n/m | −6.85% (below 0%: shrinking) | 15.65% | 0.67% | Compare |
| Median of peers | $4.9B | 13.9× | 17.3× | −7.14% | +10.81% | +14.50% | 20.69% | 0.54% |
Pay and ownership Proxy statement filed 13 March 2026
Ownership
Directors and executive officers, together
less than 1%
BlackRock, Inc.
14.00%
The Vanguard Group, Inc.
10.37%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement