FMC (FMC) AI Stock Analysis

• Market Cap: $1.65B
• Dividend Yield: 16.68%
• Average Volume (3M): 4.69M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: -13.42%
• EPS Growth: -136.59%
• Country: US
• Employees: 5,700
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Agricultural Inputs
• EPS (TTM): 0.89
• Shares Outstanding: 124,920,070
• 10 Day Avg. Volume: 5,247,874
• 30 Day Avg. Volume: 4,690,203
• PEG Ratio: -0.24
• Price to Book (P/B): 1.35
• Price to Sales (P/S): 1.43
• P/FCF Ratio: 10.07
• Enterprise Value/Market Cap: 5.10
• Enterprise Value/Revenue: 2.36
• Enterprise Value/Gross Profit: 6.41
• Enterprise Value/Ebitda: 33.04
• 1Y Price Target: $19.08
• Price Target Upside: 44.76% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 14
• EPS Forecast (FY): 2.99
• Revenue Forecast (FY): $3.97B

• Rating: 47 Neutral
• Price Target: $13.50 ▲(2.43% Upside)

FMC's overall stock score reflects significant financial and operational challenges. The most impactful factors are the declining financial performance and bearish technical indicators. Valuation concerns with a negative P/E ratio and high dividend yield due to a cut further weigh on the score. Earnings call insights show mixed results with some positive developments overshadowed by major challenges. Potential impairment charges add to the risks.

Positive Factors

Strong Demand for New Products

The strong demand for new active ingredients indicates successful innovation and product development, which can drive future revenue growth and strengthen market position.

Adjusted EBITDA Improvement

Improved EBITDA reflects effective cost management and a favorable product mix, enhancing profitability and operational efficiency, crucial for long-term financial health.

Credit Agreement Amendment

The amended credit agreement provides financial flexibility and stability, allowing FMC to manage debt and invest in strategic initiatives over the long term.

Negative Factors

Revenue Decline

A significant revenue decline indicates challenges in maintaining market share and competitive pressures, which could impact long-term growth and profitability.

Free Cash Flow Challenges

Negative free cash flow limits the company's ability to reinvest in the business, pay down debt, or return capital to shareholders, affecting financial stability.

Dividend Reduction

A drastic dividend cut signals financial distress and may erode investor confidence, impacting the company's ability to attract and retain long-term shareholders.

FMC Business Overview & Revenue Model

Company Description

FMC Corporation, an agricultural sciences company, provides crop protection, plant health, and professional pest and turf management products. It develops, markets, and sells crop protection chemicals that include insecticides, herbicides, and fungicides; and biologicals, crop nutrition, and seed treatment products, which are used in agriculture to enhance crop yield and quality by controlling a range of insects, weeds, and diseases, as well as in non-agricultural markets for pest control. The company markets its products through its own sales organization and through alliance partners, independent distributors, and sales representatives. It operates in North America, Latin America, Europe, the Middle East, Africa, and Asia. FMC Corporation was founded in 1883 and is headquartered in Philadelphia, Pennsylvania.

How the Company Makes Money

FMC generates revenue primarily through the sale of its agricultural products, which include crop protection chemicals and specialty solutions. The company operates through various segments, including the Crop Protection segment, which is its largest revenue contributor, offering a diverse portfolio of herbicides, insecticides, and fungicides. Additionally, FMC earns income from its Lithium segment, which supplies lithium compounds for electric vehicle batteries and other applications. Key revenue streams include direct sales to farmers, distributors, and agricultural retailers, along with strategic partnerships with agricultural organizations and collaborations with research institutions to enhance product development. The company's focus on innovation and sustainability also plays a crucial role in attracting customers and driving sales growth, as farmers increasingly seek environmentally friendly solutions to improve crop yields.

FMC Financial Statement Overview

Summary

FMC faces significant financial challenges, with declining revenues, profitability issues, and cash flow constraints. While the balance sheet shows some improvement in leverage, the negative ROE and cash flow problems highlight operational and financial risks. The company needs to address these issues to stabilize and improve its financial health.

Income Statement

FMC's income statement shows a concerning trend with declining revenue and profitability. The TTM data reveals a significant drop in revenue by 13.95% and a negative net profit margin of -15.05%, indicating losses. Historical data shows a consistent decline in revenue growth and profitability margins, with gross profit margins decreasing over time. The EBIT and EBITDA margins have also deteriorated, reflecting operational challenges.

Balance Sheet

The balance sheet presents a mixed picture. While the debt-to-equity ratio has improved to 0.34 in the TTM, indicating reduced leverage, the return on equity has turned negative, reflecting poor profitability. The equity ratio remains stable, suggesting a solid capital structure. However, the declining ROE and past high leverage pose potential risks.

Cash Flow

Cash flow analysis highlights significant challenges. The TTM shows negative operating and free cash flows, with a substantial increase in free cash flow growth due to prior negative figures. The operating cash flow to net income ratio is negative, indicating cash flow issues. Despite a positive free cash flow to net income ratio, the overall cash flow position is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.56B	4.25B	4.49B	5.80B	5.05B	4.64B
Gross Profit	1.31B	1.58B	1.91B	2.39B	2.19B	2.07B
EBITDA	254.30M	737.40M	786.20M	1.30B	1.19B	1.04B
Net Income	-534.90M	339.90M	1.32B	736.50M	739.60M	552.40M
Balance Sheet
Total Assets	12.08B	11.65B	11.93B	11.17B	10.67B	10.19B
Cash, Cash Equivalents and Short-Term Investments	497.70M	357.30M	302.40M	572.00M	516.80M	568.90M
Total Debt	4.54B	3.50B	4.11B	3.42B	3.34B	3.44B
Total Liabilities	8.28B	7.14B	7.49B	7.77B	7.53B	7.20B
Stockholders Equity	3.77B	4.49B	4.41B	3.38B	3.12B	2.96B
Cash Flow
Free Cash Flow	-409.40M	603.20M	-520.30M	440.10M	720.00M	580.60M
Operating Cash Flow	-317.50M	671.10M	-386.40M	582.40M	820.10M	647.80M
Investing Cash Flow	235.10M	263.60M	-154.40M	-266.40M	-112.00M	-169.30M
Financing Cash Flow	163.50M	-870.10M	331.50M	-237.40M	-747.90M	-250.30M

FMC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMC, the sentiment is Negative. The current price of 13.18 is below the 20-day moving average (MA) of 13.52, below the 50-day MA of 17.50, and below the 200-day MA of 32.97, indicating a bearish trend. The MACD of -0.98 indicates Negative momentum. The RSI at 34.98 is Neutral, neither overbought nor oversold. The STOCH value of 25.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMC.

FMC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CF	72 Outperform	$12.08B	9.42	27.46%	2.56%	12.59%	31.40%
MOS	65 Neutral	$7.72B	6.30	10.00%	3.70%	3.82%	239.39%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ICL	60 Neutral	$6.56B	18.12	6.15%	3.36%	1.77%	-8.72%
SMG	50 Neutral	$3.44B	23.61	―	4.52%	-3.93%	―
FMC	47 Neutral	$1.65B	-3.09	-11.52%	16.68%	-13.42%	-136.59%
USBC	28 Underperform	$272.09M	-0.20	-46.59%	―	―	55.04%

FMC Corporate Events

FMC Faces Potential Non-Cash Impairment Charges

FMC Company is facing a significant decrease in its stock price, prompting it to test its goodwill and other intangible assets for impairment as per generally accepted accounting principles. This could lead to a substantial non-cash impairment charge, although it is not expected to affect the company’s cash flows from current or future operations.

FMC Amends Credit Agreement, Extends Covenant Relief

On December 8, 2025, FMC Corporation and its subsidiaries entered into an amendment to their credit agreement, which modifies financial covenants and extends the covenant relief period to December 31, 2028. The amendment imposes limits on subsidiary indebtedness and dividend increases, and requires maintaining a minimum value of intellectual property, with provisions for asset liens if credit ratings fall below specified levels.

FMC Board Member Anthony DiSilvestro Resigns

On December 3, 2025, Anthony DiSilvestro resigned from FMC Corporation’s Board of Directors and all its committees due to increased professional commitments and scheduling conflicts after becoming the Chief Financial Officer of Keurig Dr Pepper Inc. on November 25, 2025. FMC expressed gratitude for his service and contributions during his tenure on the Board.

FMC Announces President Ronaldo Pereira’s Departure

On October 29, 2025, FMC Corporation announced that Ronaldo Pereira will step down as President effective December 15, 2025, after 28 years with the company. Pereira, a veteran in the crop protection industry, has significantly impacted FMC’s operations in Latin America and North America. He will remain in an advisory role until his departure to ensure a smooth transition.