FMC Corporation

FMC

Agricultural Inputs · Basic Materials

Price

$11.21

-0.23 (-2.01%)

Market Cap

$1.40B

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count falling — buybacks

−3.1% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 129.1M (2021) → 125.2M (2025)

FMC Corporation is a chemical company that makes pesticides and other crop protection products for farmers. Its main products include insecticides, herbicides, and fungicides — chemicals that kill bugs, weeds, and plant diseases. FMC sells primarily to agricultural distributors and retailers, who then supply farmers across the world.

FMC makes money by selling these chemical products, with revenue tied closely to farm spending cycles and crop prices. The company operates globally, with significant sales in North America, Latin America, Asia, and Europe, generating roughly $4 billion in annual revenue at its peak. FMC has faced serious financial pressure recently — a global inventory glut in the crop protection market caused customers to work through stockpiles rather than buy new product, crushing margins and pushing operating income deeply negative. The key risk going forward is how quickly that inventory correction resolves and whether pricing can recover before debt levels become a larger concern.

Winston Score History

Politician Trades

4 trades / 12mo

2 Congressional buys and 2 sells on FMC in the last 12 months.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-4.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$266M/ year

→ Flat (-4% vs prior year)

7.7% of revenue

2.6x the sector average (3%)

Steady R&D investment year-over-year

Insider Activity

1.2%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~2 months

$391M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

FMC Corporation has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

32.5%

Modest — 32.5% gross margin

Operating Margin

-10.7%

Losing money on operations — -10.7%

ROCE

-1.3%

Weak — -1.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

-16.6%

Shrinking sales (-16.6% YoY)

EPS YoY

-863.7%

Earnings shrinking (-863.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

Data not available

FCF Margin

-7.7%

Burning cash (-7.7%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

2.50

Heavy debt load (2.50)

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend Yield

11.98%

Healthy income — 11.98% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth

-64.7%

Dividend cut (-64.7% YoY) — warning sign

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