FMC Corporation

Chemicals & Allied Products

FMCStrained5 of 11 basics passed

$8.38

-6.00%

Market cap $1.30B

$8.38

-6.00%

Market cap $1.30B

FMC is a pure-play global crop protection company with a fairly balanced product portfolio across geographies and crop exposure.

It is a $1.30B materials company. Revenue shrank 21.3% over the last year, it currently loses money, and its net debt equals ~21.4 years of free cash flow.

Website: fmc.com
Location: Philadelphia, PA
Employees: 5 500
Sector: Basic Materials
Founded: 1883

Share price · 3 years

$64.62 → $8.38-87.0%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $3.25B
Loss: spends more than it earns; -$2.76B
Free cash flow: cash left after running the business; $163M
Net debt: debt minus cash on hand; $3.49B
P/E: years of profit in the price; 8.1
Dividend: pays out 110% of profit · 102% of FCF; 12.78%
Shares: down 25% since 2018 — buybacks; 125.2M
Volatility: beta vs the market — under 1 swings less; 0.47

Revenue, last 10 years

52-week range

Low $8.35$8.38High $30.63

Today's price is 0% of the way from the year's low to its high.

Valuation vs own history

P/E

41.9×

P/S

0.3×

100%

EV/EBITDA

32.2×

28%

P/B

0.6×

97%

FCF yield

12.3%

99%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Insider activity · 90 days

-$16.0Knet selling

Purchases$0

Sales$16.0K

Insiders trading, last 14d0 buy · 0 sell

Standing in Basic Materials

Size$1.30Btop 96%
Revenue growth-12%top 88%
Net margin-85%top 98%
Return on equity-119%top 98%
P/E8.1×top 10%
Dividend yield12.78%top 1%

Ranked against 51 Basic Materials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Growth, Profitability, Health and Moat lag behind.

Valuation55

P/E vs own history94th pct · 0/25
FCF yield12.6% · 25/25
P/S0.4x · 25/25
EV/EBITDA33.3x · 5/25

Growth20

Revenue CAGR-8.9% · 0/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth17.1% · 20/25

Profitability0

ROIC-40.3% · 0/25
ROE-118.6% · 0/25
Net margin-84.8% · 0/25
Operating margin-61.9% · 0/25

Health26

Altman Z1.17 · 3/25
Current ratio1.99 · 18/25
Interest coverage-6.6x · 0/25
Net cash / debtD/A 36% · 5/25

Quality50

Piotroski F2/9 · 5/25
Beneish M-3.73 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 6.7% · 20/25

Moat37

ROIC >12% years4/10 yrs · 6/25
Median gross margin40.5% · 13/25
FCF-positive years8/10 yrs · 18/25
Worst-year net marginworst -64.6% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2023Financial
Best year on record
$1.32B net income
2017Acquisition
It exists today as a part of TechnipFMC, after a merger with Technip in 2017
FY2016Financial
First recorded profitable year
$209M net income
FY2016Financial
Revenue already above $1B
$3.28B in first reported year
1994Acquisition
The Company purchased additional shares of FMC Gold Company on the open market, bringing its ownership…
May 15, 1990Acquisition
The results of operations of the acquired properties are included in the consolidated financial statements of FMC…
1967Acquisition
FMC acquired Link-Belt
1948Milestone
FMC changed its name again in 1948, becoming Food Machinery and Chemical Corporation
1928Acquisition
Bean Spray Pump purchased two companies: the Anderson-Barngrover Co
1883Founded
Founded in 1883 as the Bean Spray Pump Company in Los Gatos, California, by chemist John Bean

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$866 today — price return only

$3.5B revenue in FY2025

5 500 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

No standout strengths in the available data.

Watch-outs

Revenue shrinking 21.3% year over year
Not profitable — 84.8% net margin
Altman Z-Score 1.17 — elevated financial-distress risk
Net debt would take ~24.0 years of free cash flow to repay
Thin interest coverage (-6.6×)

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

5 of 11 checks passed

Revenue growing — the company sells more than a year ago-21.3% YoY
Profitable — makes more than it spends-$2.76B TTM
Profit growing — earnings are higher than last year-756.4% YoY
Generates cash — cash left after running and investing$163M TTM
Debt under control — could handle its obligations~21.4y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$1.30B market cap
Not printing shares — share count not ballooning — you keep your slice-4.2% shares over ~5y
Proven track record — years of profitability behind it9/10 profitable years
Financially stable — balance sheet not near distressAltman Z 1.2 — distress
Pays a dividend — returns cash to shareholdersyield 12.78%
Valuation not extreme — price not wildly above earningsP/E 8.1

Peer comparisonFMC Corporation vs 6 largest basic materials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
FMC this company	$1.3B	8.1	-21.3%	-84.8%	Strained
LIN Linde plc Ordinary Share	$223.2B	30.8	+6.6%	20.4%	Solid
SCCO Southern Copper Corporation	$176.8B	31.2	+32.8%	35.9%	Strong
NEM Newmont Corporation	$124.2B	14.4	+25.2%	33.4%	Strong
FCX Freeport-McMoran Inc.	$105.8B	35.9	+0.2%	11.4%	Strong
AEM Agnico Eagle Mines Ltd.	$95.8B	15.9	+43.7%	37.5%	Strong
B Barrick Mining Corporation	$67.5B	10.1	+9.2%	31.6%	Strong

Head-to-head: FMC vs LIN · FMC vs SCCO · FMC vs NEM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 5Hold 12Sell 2

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $3.25B · net income -$2.76B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$3.25B

YoY -21.3%

Net income (TTM)

-$2.76B

Margin -84.8%

Gross margin

35.3%

Operating margin

-61.9%

P/E ratio

8.1

Dividend yield

12.78%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	4.6	5.0	5.8	4.5	4.2	3.5
Gross profit	2.1	2.2	2.3	1.8	1.6	1.3
Operating income (EBIT)	0.9	1.0	1.1	0.6	0.5	0.2
Net income	0.6	0.7	0.7	1.3	0.3	-2.2
EPS (diluted)	4.22	5.70	5.81	10.53	2.72	-17.88

Cash flowFree cash flow $163M · operating cash flow $235M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$163M

Margin 5.0%

Operating cash flow (TTM)

$235M

FCF margin

5.0%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.7	0.9	0.7	-0.3	0.7	-0.0
Capital expenditure	-0.1	-0.1	-0.1	-0.1	-0.1	-0.1
Free cash flow	0.7	0.8	0.5	-0.4	0.7	-0.1
FCF margin	14.4%	15.8%	8.9%	-9.7%	15.8%	-3.0%

Balance sheetAssets $9.69B · net debt $3.49B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $9.69B of assets is financed

79%

21%

Liabilities $7.62B — borrowed moneyEquity $2.07B — owners' stake

Cash vs debt

Total debt $4.07B − cash $585M = net debt $3.49B

Cash on hand covers 14% of debt.

Altman Z-Score

1.17

Distress zone

Debt repayment

24.0 yrs

Years of free cash flow to clear net debt

Interest coverage

-6.6x

EBIT ÷ interest expense

ROE

-118.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.6	0.5	0.6	0.3	0.4	0.6
Total assets	10.2	10.6	11.2	11.9	11.7	9.7
Total liabilities	7.2	7.5	7.8	7.5	7.2	7.6
Total debt	3.3	3.2	3.3	4.0	3.4	4.1
Equity	3.0	3.0	3.4	4.4	4.5	2.1
Net debt	2.7	2.7	2.7	3.7	3.0	3.5

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of FMC on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $8.38 · market cap $1.30B.