FMC Corporation (FMC)

NYSE: FMC · USD

$4.44

-0.27 (-5.7%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-17

Our latest published analysis: FMC rated Strong Buy

FMC Corporation's published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$23.8 / share

Potential value

$32.5 / share

Upside to FV

+320.1%

from $4.44

Moat

6.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$880.4M
Revenue (ttm)	3.3B
Net income (ttm)	-2.8B
EPS (ttm)	-$22.0
Shares out	155.5M
P/E (forward)	5.7x
Dividend	$0.32 (7.20%)
Volume	6,421,718
Beta	0.46

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.3B
Net income (ttm): -2.8B
EPS (ttm): -$22.0
P/E (forward): 5.7x
Market cap: $880.4M

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$5.05B	$5.80B	$4.49B	$4.25B	$3.47B	-8.9%
Gross profit	$2.16B	$2.33B	$1.83B	$1.65B	$1.28B	-12.2%
Operating income	$1.03B	$1.14B	$555.6M	$506.5M	$-1.63B	—
Net income	$739.6M	$736.5M	$1.32B	$341.1M	$-2.24B	—
EPS (diluted)	$5.73	$5.81	$10.53	$2.72	$-17.88	—
EBITDA	$1.20B	$1.30B	$786.2M	$827.9M	$-84.7M	—
R&D	$304.7M	$314.2M	$328.8M	$278.0M	$266.1M	-3.3%
SG&A	$714.1M	$775.2M	$734.3M	$644.6M	$684.9M	-1.0%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	보유
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	보유
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	매도
APD	Air Products and Chemicals, Inc.	68.3B	—	5.4x	8.9%	+5.2%	+23.1%	보유
AVY	Avery Dennison Corporation	13.7B	19.8x	1.5x	15.1%	+3.3%	+1.6%	보유
BALL	Ball Corporation	16.7B	18.0x	1.2x	8.7%	+2.3%	+28.3%	매수

Base and Bull scenarios

Base55%

Price target

$23.78

+320.1% from spot

The Base scenario envisions our primary valuation target of $23.78, assigned a 55.0% probability weighting and offering an implied return of 320.1% from the analysis price of $5.66 (as of 2026-10-16). In this pathway, distributor inventory destocking in Latin America and North America concludes through FY2027, restoring wholesale procurement toward equilibrium with grower field applications. Operating margins normalize toward historical mid-cycle levels as operating leverage returns across manufacturing assets, while proprietary formulations defend diamide insecticide market share.

Distributor inventories across Brazil and North America return to normal operational levels through FY2027
Operating margins recover toward historical mid-cycle averages as fixed cost absorption improves
Core diamide insecticide revenue stabilizes supported by patented formulation mixtures
Operating cash flow turns positive to fund baseline capital requirements and steady debt service

Bull20%

Price target

$32.51

+474.4% from spot

The Bull scenario models an upside valuation target of $32.51, assigned a 20.0% probability weighting and delivering an implied return of 474.4% from $5.66 (as of 2026-10-16). Under this trajectory, channel inventory depletion triggers an aggressive restocking cycle across South America, supported by robust pest pressure and expanding planted acreage. High-margin specialty formulations accelerate operating margin expansion beyond mid-cycle targets, while substantial free cash flow generation enables accelerated debt paydown.

Accelerated distributor restocking across Brazilian agricultural regions following inventory depletion
Operating margin expansion exceeds mid-cycle historical averages driven by favorable formulation mix
Substantial free cash flow generation enables accelerated voluntary debt amortization
Elevated grower pest pressure drives above-trend diamide insecticide volume consumption

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($23.78). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	1.8%	2.0%	2.3%	2.5%
6.4%	$26.1	$27.0	$27.9	$28.9	$30.1
6.9%	$24.2	$24.9	$25.6	$26.5	$27.4
7.4%	$22.6	$23.2	$23.8	$24.4	$25.2
7.9%	$21.3	$21.7	$22.2	$22.8	$23.3
8.4%	$20.1	$20.5	$20.9	$21.3	$21.8

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E5.7

P25 n/aP50 n/aP75 n/a

Trailing P/E0

P25 n/aP50 n/aP75 n/a

ROE-88.4

P25 n/aP50 n/aP75 n/a

ROIC1.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All FMC indicators

Market & fundamental data

Available fields

262

Groups with data

Currency

USD

Showing 262 of 262 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000037785
Company name	FMC Corporation
Country	United States
Country code	US
CUSIP number	302491303
Earnings date	2026-10-29
Earnings time	amc
Employees	5,500
Employees change	-200
Employees growth	-3.51%
Enterprise value	$4.6B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1910
In index	RUSSELL2000
Industry	Agricultural Inputs
Is primary listing	Yes
Is SPAC	No
ISIN number	US3024913036
Last 10-K release date	2026-02-27
Last earnings date	2026-07-29
Last refreshed	2026-10-28
Last stock split date	2012-05-25
Last stock split type	Forward
Market cap	$690.6M
Market cap category	Small-Cap
Next earnings date	2026-10-29
Options	Yes
Price	$4.44
Price currency	USD
Sector	Materials
SIC code	2800
Stock price date	2026-10-28
Symbol	FMC
U.S. state	Pennsylvania
Website	https://www.fmc.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	2.09x
Average P/E ratio (10Y)	48.75x
Average P/E ratio (3Y)	15.88x
Average P/E ratio (5Y)	18.17x
Earnings yield	-496.14%
EV/EBIT	46.47x
EV/EBITDA	17.2x
EV/FCF	54.64x
EV/Sales	1.43x
FCF / EV yield	1.83%
FCF yield	12%
Forward EV/Sales	1.46x
Forward P/E	3.8x
Forward P/S	0.22x
Industry forward P/E	13.11x
Industry P/E	45.74x
P/(FCF - SBC) ratio	11.55x
P/(OCF - SBC) ratio	5.32x
P/B ratio	0.36x
P/FCF ratio	8.34x
P/OCF ratio	4.52x
P/S ratio	0.22x
Price/EBITDA ratio	2.63x
Sector forward P/E	15.02x
Sector P/E	22.73x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	3.07%
EBITDA margin	8.28%
FCF margin	2.61%
Gross margin	31.93%
Operating margin	3.07%
Pretax margin	-70.55%
Profit margin	-84.83%
Profit per employee	$-501,727
Revenue per employee	$591,127
ROA	0.58%
ROA (5Y)	4.4%
ROCE	1.47%
ROE	-88.38%
ROE (5Y)	6.11%
ROIC	1.7%
ROIC (5Y)	10.92%
SBC / revenue	0.73%
Tax / revenue	12.21%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth years	0
FCF growth (Q)	882.9%
FCF growth 3Y	-12.09%
FCF growth 5Y	-30.24%
Gross profit growth	-36.48%
Gross profit growth (Q)	-15.8%
Gross profit growth 3Y	-21.88%
Gross profit growth 5Y	-12.38%
Net income growth years	0
OCF growth	390.28%
OCF growth (Q)	595.76%
OCF growth 10Y	14.78%
OCF growth 3Y	-16.56%
OCF growth 5Y	-25.24%
Operating income growth	-83.44%
Operating income growth (Q)	-37.09%
Operating income growth 3Y	-54.59%
Operating income growth 5Y	-37.39%
Revenue growth	-21.31%
Revenue growth (Q)	-17.46%
Revenue growth (QoQ)	14.3%
Revenue growth 10Y	0.97%
Revenue growth 3Y	-15.34%
Revenue growth 5Y	-7%
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-71.6M
Depreciation and amortization	$169.6M
EBIT	$99.7M
EBITDA	$269.3M
EPS	$-22.03
FCF per share	$0.55
Financing cash flow	$-63.8M
Free cash flow	$84.8M
Free cash flow minus SBC	$61.2M
Gross profit	$1B
Income taxes	$396.9M
Investing cash flow	$-58.3M
Net borrowing	$131.4M
Net cash flow	$38.4M
Net income	$-2.8B
Operating cash flow minus SBC	$132.8M
Operating income	$99.7M
Revenue	$3.3B
Stock-based compensation	$23.6M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	1.48
Book value per share	$13.07
Debt / EBITDA	14.14
Debt / equity	2.65
Debt / FCF	51.92
Interest coverage	0.38
Long-term assets	$4.4B
Long-term liabilities	$5.1B
Net cash (debt)	$-3.9B
Net cash / market cap	-555.35%
Net debt / EBITDA	14.58
Net debt / equity	2.36
Net debt / FCF	46.3
Piotroski F-Score	4
Property, plant and equipment	$658.2M
Shareholders' equity	$1.7B
Tangible book value	$-671.1M
Tangible book value per share	$-5.36
Total assets	$9.1B
Total cash	$476.6M
Total debt	$4.4B
Total liabilities	$7.5B
WACC	5.03%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.3
Current assets	$4.7B
Current liabilities	$2.4B
Current ratio	1.99
Inventory turnover	1.7
Net working capital	$2.2B
Quick ratio	1.07
Working capital	$2.3B
Working capital turnover	1.53

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.16%
Dividend growth	-86.21%
Dividend growth (10Y)	-6.98%
Dividend growth (3Y)	-48.33%
Dividend growth (5Y)	-30.12%
Dividend growth years	0
Dividend payment date	2026-10-15
Dividend payment years	21
Dividend payout frequency	Quarterly
Dividend per share	$0.32
Dividend yield	7.2%
Ex-dividend date	2026-09-30
FCF payout ratio	58.7%
Last dividend	$0.08
Shareholder yield	7.2%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	-90.68%
10Y return CAGR	-18.06%
10Y total return	-86.36%
150-day SMA	$11.78
15Y price change	-89.46%
15Y return CAGR	-11.41%
15Y total return	-83.74%
1D price change	-5.73%
1M price change	-54.28%
1M total return	-53.87%
1W price change	-17.51%
1W total return	-17.51%
1Y price change	-85.7%
1Y return CAGR	-85.34%
1Y total return	-85.32%
20-day SMA	$6.84
200-day SMA	$12.55
20Y price change	-74.55%
20Y return CAGR	-4.36%
20Y total return	-59.01%
3M price change	-60.61%
3M total return	-60.26%
3Y price change	-92.3%
3Y return CAGR	-55.7%
3Y total return	-91.31%
50-day SMA	$9.34
50-day SMA vs 200-day SMA	50under200
52-week high	$30.68
52-week high date	2025-10-28
52-week low	$4.38
52-week low date	2026-10-28
5Y price change	-95.22%
5Y return CAGR	-43.75%
5Y total return	-94.37%
6M price change	-71.85%
6M total return	-71.4%
All-time high	$140.99
All-time high date	2022-04-20
All-time low	$2.25
All-time low date	1974-12-23
Average true range (ATR)	$0.55
Average volume	8.1M
Beta (1Y)	0.87
Beta (2Y)	1.1
Beta (5Y)	0.46
Change from 52-week high	-85.53%
Change from 52-week low	1.37%
Change from all-time high	-96.89%
Change from all-time low	94.67%
Change from open	-5.43%
Day's gap	-0.32%
Dollar volume	$28.5M
High price	$4.72
Low price	$4.38
Monthly RSI	22.95
Open price	$4.70
Position in 52-week range	18.84%
Premarket change	0.42%
Premarket close	$4.71
Premarket price	$4.73
Premarket volume	9.1K
Previous close	$4.71
Price vs 150-day SMA	-62.82%
Price vs 20-day SMA	-35.99%
Price vs 200-day SMA	-65.1%
Price vs 50-day SMA	-53.08%
Relative volume	0.79
RSI	14.87
Sharpe ratio	-1.88
Sharpe ratio (3Y)	-1.04
Sharpe ratio (5Y)	-0.9
Sortino ratio	-2.1
Sortino ratio (3Y)	-1.17
Sortino ratio (5Y)	-1.01
Volume	6.4M
Weekly RSI	23.16
YTD price change	-68.42%
YTD total return	-67.76%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	115.2M
Float percentage	74.05%
Shares change (QoQ)	0.1%
Shares change (YoY)	-0.16%
Shares held by insiders	0.79%
Shares held by institutions	78.02%
Shares outstanding	155.5M
Short % of float	25.2%
Short % of shares	18.66%
Short ratio	7.4 days

Deeper analysis on FMC

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this FMC report

What is the latest published FMC stock rating?

FMC Corporation is shown with Strong Buy in the latest published report, analyzed 2026-10-17. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full FMC analysis?

The full latest published report, analyzed 2026-10-17, lives at /stocks/FMC/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for FMC?

The latest published report analyzed 2026-10-17 gives FMC a fair value of USD 24 and a potential value of USD 33. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the FMC page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-17). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyFMC · Fair value $23.8+320.1%

Read full analysis →

FMC Corporation (FMC)

Our latest published analysis: FMC rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · FMC

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All FMC indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on FMC

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	9.5
Management	6.5
Balance Sheet	4.5
Profitability	1.5
Revenue Growth	2.5
Risk Assessment	5.0
Competitive Moat	6.5
Earnings Quality	3.0
Capital Efficiency	2.5