# FMC Corporation (FMC) — Stock CV

FMC Corporation 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.

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

## Identity

- **Ticker**: FMC
- **Sector**: Basic Materials
- **Industry**: Chemicals & Allied Products
- **Headquarters**: PHILADELPHIA, PA
- **Employees**: 5 500
- **Website**: https://www.fmc.com
- **Market cap**: $1.30B
- **Last price**: $8.38
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $3.25B
- **Net income**: -$2.76B
- **Free cash flow**: $163M
- **Net debt**: $3.49B
- **P/E**: 8.1
- **Revenue growth (YoY)**: -21.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 55 |
| Growth | 20 |
| Profitability | 0 |
| Health | 26 |
| Quality | 50 |
| Moat | 37 |

## Qualifications (beginner checklist) — 5 of 11 passed

- [ ] Revenue growing — -21.3% YoY
- [ ] Profitable — -$2.76B TTM
- [ ] Profit growing — -756.4% YoY
- [x] Generates cash — $163M TTM
- [ ] Debt under control — ~21.4y of cash flow to repay
- [ ] Established company — $1.30B market cap
- [x] Not printing shares — -4.2% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — Altman Z 1.2 — distress
- [x] Pays a dividend — yield 12.78%
- [x] Valuation not extreme — P/E 8.1

## Experience (career milestones)

- **FY2023** — Best year on record: $1.32B net income
- **2017** — It exists today as a part of TechnipFMC, after a merger with Technip in 2017
- **FY2016** — First recorded profitable year: $209M net income
- **FY2016** — Revenue already above $1B: $3.28B in first reported year
- **1994** — The Company purchased additional shares of FMC Gold Company on the open market, bringing its ownership…
- **May 15, 1990** — The results of operations of the acquired properties are included in the consolidated financial statements of FMC…
- **1967** — FMC acquired Link-Belt
- **1948** — FMC changed its name again in 1948, becoming Food Machinery and Chemical Corporation
- **1928** — Bean Spray Pump purchased two companies: the Anderson-Barngrover Co
- **1883** — Founded in 1883 as the Bean Spray Pump Company in Los Gatos, California, by chemist John Bean

## Strengths

- None stand out in the 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×)

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $5.05B | $737M | $799M |
| FY2022 | $5.80B | $737M | $518M |
| FY2023 | $4.49B | $1.32B | -$434M |
| FY2024 | $4.25B | $341M | $669M |
| FY2025 | $3.47B | -$2.24B | -$103M |

---

Source: https://stockcv.com/FMC — derived from company filings; may be delayed or incomplete. Information, not investment advice.