RMD vs SOLV vs ALGN Stock Comparison

Resmed, Solventum and Align Technology Prices as of Oct 23, 2026 Peers: Industry group
RMD Resmed Inc
$252.83 +13.8% 1M -4.7% 1Y
Market cap
$36.88B
P/E
24.2x
Revenue (TTM)
$5.65B
Div. yield
–
Medical Devices Healthcare
8 wins
SOLV Solventum Corp
$85.40 -3.4% 1M +18.2% 1Y
Market cap
$14.84B
P/E
10.3x
Revenue (TTM)
$8.31B
Div. yield
–
Medical Devices Healthcare
3 wins

Head to Head

11 decided of 12

Resmed leads on 8 of the 12 questions below (Resmed 8, Solventum 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRMDSOLVALGNLeader
Larger companyMarket capitalisation $36.88B $14.84B $10.89B RMD
Cheaper on earningsLower P/E, profitable companies only 24.2x 10.3x 26.3x SOLV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 19.6x 12.5x 14.1x SOLV
Faster revenue growthRevenue growth, trailing twelve months +9.9% -0.9% +4.4% RMD
More profitableNet margin, trailing twelve months 26.9% 17.3% 10.0% RMD
Better return on capitalReturn on invested capital 20.8% 17.6% — RMD
Less leveragedLower net debt / EBITDA -0.4x 1.8x — RMD
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -4.7% +18.2% +13.6% SOLV
Better 5-year returnAnnualised price return, 5 years -1.1%/yr — -23.5%/yr RMD
Less volatileAnnualised volatility, 1 year 29.1% 29.9% 39.1% RMD
Higher overall scoreMean of the five percentile scores vs peers 78/100 65/100 66/100 RMD

Percentile Scorecard

RMDSOLVALGN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisRMDSOLVALGN
Valuation 73 #63 of 228 78 #51 of 228 88 #28 of 228
Growth 63 #82 of 222 53 #105 of 222 21 #176 of 222
Profitability 99 #3 of 210 84 #34 of 210 87 #28 of 210
Financial Health 75 #60 of 241 20 #194 of 241 44 #136 of 241
Shareholder Returns 79 #30 of 138 91 #14 of 138 90 #15 of 138
Overall 78 65 66
  • RMD ranked among 248 companies in Medical Devices and Diagnostics
  • SOLV ranked among 248 companies in Medical Devices and Diagnostics
  • ALGN ranked among 248 companies in Medical Devices and Diagnostics

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodRMDSOLVALGNSPY
1 month +13.8%-3.4%+4.3% -1.0%
3 months +29.5%+9.5%-7.5% +2.9%
6 months +15.0%+24.6%-18.5% +6.4%
Year to date +5.0%+7.8%-1.1% +11.4%
1 year -4.7%+18.2%+13.6% +13.1%
3 years +77.7%—-41.8% +79.4%
3 years, per year +21.1%—-16.5% +21.5%
5 years -5.5%—-73.8% +67.7%
5 years, per year -1.1%—-23.5% +10.9%
10 years +296.8%—+72.6% +255.2%
10 years, per year +14.8%—+5.6% +13.5%

Risk

MeasureRMDSOLVALGNSPY
Volatility, 1Y 29.1%29.9%39.1% 12.7%
Downside volatility, 1Y 30.7%28.4%37.0% 12.7%
Beta vs S&P 500, 1Y 0.390.571.29 1.00
Return / volatility, 1Y -0.160.610.35 1.03
Max drawdown, 5Y -49.9%-40.0%-82.4% -25.4%
From 52-week high -8.4%-7.6%-21.8% -2.5%
52-week high $275.96$92.45$197.51 $779.14
52-week low $182.82$62.49$131.91 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleRMDSOLVALGN
P/E now vs peer median 24.2xmedian 30.7x 10.3xmedian 30.7x 26.7xmedian 30.7x
P/S now vs peer median 6.5xmedian 3.0x 1.7xmedian 3.0x 2.7xmedian 3.0x
EV/EBITDA now vs peer median 17.1xmedian 17.7x 7.4xmedian 17.7x 12.4xmedian 17.7x
P/FCF now vs peer median 22.1xmedian 23.7x -123.1xmedian 23.7x 17.4xmedian 23.7x
P/B now vs peer median 5.5xmedian 2.4x 3.0xmedian 2.4x 2.6xmedian 2.4x
PEG now vs peer median 1.23median 0.96 —median 0.96 2.19median 0.96

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsRMDSOLVALGN
Revenue $5.65B $8.31B $4.14B
Gross profit $3.45B $4.55B $2.82B
Operating income $1.89B $2.08B $547.59M
Net income $1.52B $1.43B $413.58M
Free cash flow $1.65B -$118.00M $633.57M
R&D $378.28M $725.00M $377.00M
EPS (diluted) $10.43 $8.27 $5.78
Cash & equivalents $1.47B $403.00M $1.10B
Total debt $659.37M $5.08B –
Shares (diluted) 146.05M 173.30M 71.52M
Enterprise value $30.95B $11.36B $6.63B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricRMDSOLVALGN
P/E 24.2x 10.3x 26.7x
P/FCF 22.1x -123.1x 17.4x
P/Operating cash flow 20.2x 69.5x 14.6x
P/S 6.5x 1.7x 2.7x
P/B 5.5x 3.0x 2.6x
P/Tangible book 5.9x 6.1x 2.7x
EV/EBITDA 17.1x 7.4x 12.4x
EV/EBIT 18.9x 9.3x 18.1x
EV/Revenue 6.3x 2.3x 2.4x
EV/FCF 21.6x -162.7x 15.6x
EV/Operating cash flow 19.7x 91.9x 13.1x
PEG (3Y EPS CAGR) 1.23 – 2.19

Growth

14 metrics
MetricRMDSOLVALGN
Revenue growth (1Y) 9.9% -0.9% 4.4%
Revenue CAGR (3Y) 10.2% – 3.5%
Gross profit growth (1Y) 13.0% -0.6% 1.8%
Gross profit CAGR (3Y) 13.6% – 2.6%
Operating income growth (1Y) 11.9% 167.2% -8.8%
Operating income CAGR (3Y) 18.6% – -0.8%
Net income growth (1Y) 8.8% 277.4% -5.5%
Net income CAGR (3Y) 19.3% – 9.6%
EPS growth (1Y) 9.7% 281.5% -4.1%
EPS CAGR (3Y) 19.7% – 12.2%
Operating cash flow growth (1Y) 3.1% -64.3% 3.4%
Operating cash flow CAGR (3Y) 37.6% – -4.3%
Free cash flow growth (1Y) -0.7% -180.3% 0.3%
Free cash flow CAGR (3Y) 42.2% – 1.2%

Profitability

14 metrics
MetricRMDSOLVALGN
Gross margin 61.1% 54.7% 68.0%
EBITDA margin 36.9% 31.1% 19.4%
Operating margin 33.4% 25.0% 13.2%
Pretax margin 34.0% 20.4% 13.7%
Net margin 26.9% 17.3% 10.0%
FCF margin 29.2% -1.4% 15.3%
Operating cash flow margin 31.9% 2.5% 18.3%
Return on equity 23.3% 29.4% 9.9%
Return on assets 17.2% 10.1% 6.5%
Return on invested capital 20.8% 17.6% –
Return on capital employed 25.2% 19.8% 12.3%
Asset turnover 0.6x 0.6x 0.7x
Cash conversion (OCF / net income) 1.2x 0.1x 1.8x
Stock comp / revenue 1.8% 2.0% 4.3%

Financial Health

11 metrics
MetricRMDSOLVALGN
Debt / assets 7.4% 35.7% –
Debt / equity 0.1x 1.1x –
Net debt / EBITDA -0.4x 1.8x –
Debt / FCF 0.4x -43.0x –
Liabilities / assets 26.6% 66.3% 34.0%
Equity / assets 73.4% 33.7% 66.0%
Interest coverage – – –
Current ratio 3.1x 1.0x 1.4x
Quick ratio 1.8x 0.5x 1.2x
Cash ratio 1.1x 0.1x 0.6x
Altman Z-score 12.04 2.18 4.66

Shareholder Returns

7 metrics
MetricRMDSOLVALGN
Dividend yield 1.0% – –
Net buyback yield 1.7% 2.4% 2.2%
Shareholder yield 2.7% 2.4% 2.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusRMDSOLVALGN
Forward P/E 19.6xFY2027 12.5xFY2026 14.1xFY2026
EPS, next fiscal year $12.87FY2027 $6.84FY2026 $10.99FY2026
EPS growth, next FY +15.2%FY2027 +11.9%FY2026 +4.6%FY2026
EPS growth, the year after +9.7% +12.6% +16.4%
Revenue, next fiscal year $5.97BFY2027 $7.70BFY2026 $3.86BFY2026
Revenue growth, next FY +5.6%FY2027 -7.4%FY2026 -4.2%FY2026
Revenue growth, the year after -3.4% +5.4% +4.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRMDSOLVALGN
Held by institutions 68.7% 73.9% 100.0%
Institutions holding 887 878 675
Change in shares held, QoQ +3.2% -0.8% +4.2%
Institutions buying 404 369 292
Institutions selling 358 284 268
Buyers to sellers 1.13 1.30 1.09

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

RMDSOLVALGN
RMD 1.00 0.41 0.35
SOLV 0.41 1.00 0.48
ALGN 0.35 0.48 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RMD, SOLV and ALGN?

Resmed (RMD) is the largest by market capitalisation: Resmed (RMD) $36.88B, Solventum (SOLV) $14.84B, Align Technology (ALGN) $10.89B.

Which stock is cheaper, RMD, SOLV and ALGN?

Solventum (SOLV) trades on the lowest price-to-earnings ratio (Resmed (RMD) 24.2x, Solventum (SOLV) 10.3x, Align Technology (ALGN) 26.3x). On next year's consensus earnings, Solventum (SOLV) is cheapest (Resmed (RMD) 19.6x, Solventum (SOLV) 12.5x, Align Technology (ALGN) 14.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Resmed (RMD) grew revenue fastest over the trailing twelve months: Resmed (RMD) +9.9%, Solventum (SOLV) -0.9%, Align Technology (ALGN) +4.4%.

Which company is more profitable?

Resmed (RMD) has the highest net margin (Resmed (RMD) 26.9%, Solventum (SOLV) 17.3%, Align Technology (ALGN) 10.0%). On return on invested capital, Resmed (RMD) leads (Resmed (RMD) 20.8%, Solventum (SOLV) 17.6%).

Which stock has performed better?

Over the past year Solventum (SOLV) returned the most: Resmed (RMD) -4.7%, Solventum (SOLV) +18.2%, Align Technology (ALGN) +13.6%. Over five years, Resmed (RMD) compounded fastest (Resmed (RMD) -1.1%/yr, Align Technology (ALGN) -23.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Resmed (RMD) has been the steadiest (Resmed (RMD) 29.1%, Solventum (SOLV) 29.9%, Align Technology (ALGN) 39.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RMD, SOLV and ALGN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Resmed (RMD) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.