FMC Corp (FMC) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E against the industry

Needs positive earnings and enough profitable companies in the industry.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/S below the industry

FMC's price-to-sales of 0.31 is below the Chemicals and Allied Products median of 1.28 (book value is negative, so we use sales).

Price against fair value

We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

Margin of safety

Depends on the fair value estimate.

Revenue growing under 10% a year

Revenue grew -15.8% a year over the last three fiscal years, short of the 10% we look for.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing slower than the industry

Revenue grew -22.0% over the last twelve months; the Chemicals and Allied Products median is 0.1%.

Guidance lowered

FMC lowered its Third-quarter Adjusted EBITDA outlook on Oct 15, 2026.

Gross margin slipping

Gross margin was 22.0% over the last twelve months, against 38.1% a year earlier.

Return on equity under 15%

Return on equity was -227% over the last twelve months and averaged 4.1% over five years; we look for 15% on both.

Return on capital under 10%

Return on invested capital was -38.4%, below the 10% that usually covers the cost of capital.

Return on equity below the industry

FMC's return on equity of -227% is below the Chemicals and Allied Products median of -3.8%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin below its 5-year average

Net margin was -151% over the last twelve months, against a 5-year average of 0.1%.

Net margin below the industry

FMC's net margin of -151% is below the Chemicals and Allied Products median of -2.8%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt not well covered by cash flow

Operating cash flow over the last twelve months equals 10.2% of total debt; we look for at least 20%.

Interest not well covered

Operating income covers interest expense -10.0 times; we look for at least 5.

Short-term assets cover short-term debts

Current assets are 1.66 times current liabilities.

Elevated bankruptcy risk

The Altman Z-score is -0.19; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

FMC paid dividends worth 5.7% of the share price over the last twelve months.

Yield above Treasuries

The 5.7% yield is above the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; FMC yields 5.7%.

Dividend was cut

The dividend per share fell by more than 10% at least once in the last 10 fiscal years.

Earnings cover

Needs dividends paid and net income.

Covered by free cash flow

Dividends take 27.9% of free cash flow.