FMC
FMC Corporation
FMC lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to fall sharply, though they disagree widely on how much.
FMC Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Healthy | |
| Weak |
FMC's cash flow is currently healthy, but its revenue, profitability and balance sheet are weak.
FMC PE Valuation
FMC has no meaningful PE right now: it lost money over the past year.
FMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect FMC's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
FMC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.83 | — |
| Q3 2026 | -$33.02 | -$28.78 |
| Q2 2026 | -$22.00 | -2850% |
| Q1 2026 | -$19.98 | -863% |
| Q4 2025 | -$17.85 | -756% |
| Q3 2025 | -$4.24 | -136% |
| Q2 2025 | $0.80 | -93% |
| Q1 2025 | $2.62 | -71% |
| Q4 2024 | $2.72 | -74% |
FMC lost $33.02 per share over the past year, and its loss has widened in each of the last eight quarters.
FMC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $105.9M | -80% |
| Q2 2026 | $867.1M | -17% |
| Q1 2026 | $758.6M | -4.1% |
| Q4 2025 | $1.1B | -12% |
| Q3 2025 | $542.2M | -49% |
| Q2 2025 | $1.1B | +1.2% |
| Q1 2025 | $791.4M | -14% |
| Q4 2024 | $1.2B | +6.8% |
FMC's revenue has slid since its 2022 peak: $106M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -1050% | -977 points |
| Q2 2026 | -14% | -26 points |
| Q1 2026 | -11% | -18 points |
| Q4 2025 | -131% | -150 points |
| Q3 2025 | -73% | -86 points |
| Q2 2025 | 12% | +6 points |
| Q1 2025 | 7.3% | -0.7 points |
| Q4 2024 | 19% | +18 points |
FMC's operating margin was −1050% last quarter, down 977 points from the same quarter a year ago, near the bottom of its range since 2019.
FMC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.2M | +$206.7M |
| Q2 2026 | $357.7M | +603% |
| Q1 2026 | -$617.5M | -$40.9M |
| Q4 2025 | $631.1M | +55% |
| Q3 2025 | -$207.9M | -245% |
| Q2 2025 | $50.9M | -82% |
| Q1 2025 | -$576.6M | -$413M |
| Q4 2024 | $406.3M | +39% |
FMC's free cash flow has turned positive again: $370M over the past year, against −$327M the year before.
FMC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +6.1% | +7.6M shares |
| 1 year | +6.3% | +7.9M shares |
| 3 years | +6.2% | +7.8M shares |
| 5 years | +3.1% | +4.1M shares |
| Available history | +1.6% | +2.1M shares |
FMC has 133M diluted shares, up 6.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $50M |
| Q1 2023 | $25M |
FMC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 20.6x | High |
| Q2 2025 | 5.1x | High |
| Q1 2025 | 5.6x | High |
| Q4 2024 | 4.4x | High |
| Q3 2024 | 7.8x | High |
| Q2 2024 | 8.5x | High |
| Q1 2024 | 7.7x | High |
| Q4 2023 | 4.9x | High |
FMC's net debt is more than 20 years of its operating earnings (EBITDA), up from 7.8 years a year ago.
FMC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 28.0 | Oversold |
| Stochastic | 13.9 | Oversold |
FMC's weekly RSI is 28 (oversold) and its Stochastic is 14 (oversold).
FMC PE vs Basic Materials Sector
| Metric | FMC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
FMC has no meaningful PE right now: it lost money over the past year.
FMC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.75 | 25% below |
| 20 week MA | $9.35 | 46% below |
| 50 week MA | $12.3 | 59% below |
| 100 week MA | $25.1 | 80% below |
| 200 week MA | $51.0 | 90% below |
FMC is in a downtrend: it's below all five of its weekly moving averages, and 90% below its 200-week average.
FMC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $101.1 | $114.4 | +13% |
| 2021 | $114.4 | $109.1 | -4.6% |
| 2022 | $109.1 | $126.3 | +16% |
| 2023 | $126.3 | $63.1 | -50% |
| 2024 | $63.1 | $49.0 | -22% |
| 2025 | $49.0 | $13.6 | -72% |
| 2026 YTD | $13.6 | $5.06 | -63% |
FMC has finished three years in a row lower, and it's down 63% so far in 2026.