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FMC Corporation FMC

FMC Corporation scores weak on business quality (1.8 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$8.35Oct 9, 2026
Business qualityWeak
Next earningsOct 29, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What FMC Corporation does

    FMC Corp manufactures agricultural chemicals, selling crop protection products and insecticides to farmers and agricultural producers globally. The business relies on chemical synthesis to protect yields, but faces heavy financial strain from falling revenue.

  2. What it does best

    FMC commands a gross margin of 35.3%, which sits in the top quartile of its sector at the 67th percentile. This manufacturing edge stems from complex chemical synthesis and proprietary formulations that are difficult for generic rivals to replicate quickly.

  3. The main risk

    Interest coverage sits at an alarming 0.3x, meaning operating earnings fail to cover debt servicing costs. With total debt at $4.07B and net debt at $3.49B, solvency risks threaten operations as cash flow shrinks.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin dropped to 2.8% while net margin sits at -84.9% on a net loss of $2.76B. Profitability is severely compressed, showing that the business currently fails to scale earnings efficiently as revenue drops.

MoatFair

Regulatory approvals and patented molecules lock in agricultural customers who rely on registered crop protection. However, a weak moat score of 4.6 reflects intense generic competition eroding pricing power across its portfolio.

GrowthSlow

Revenue fell 18.3% to $3.25B, continuing a sharp multi-year contraction from $5.8B in 2022. This steep decline ranks in the bottom decile of its sector at the 1st percentile.

Financial healthWeak

Debt-to-equity sits at 1.96x with interest coverage at 0.3x, meaning debt costs far outpace earnings. Free cash flow is positive at $84M off $156M in operating cash flow, but the balance sheet is rapidly softening under heavy debt burdens.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $16K outside pre-planned sales.

Our sealed record on FMC

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is FMC a good business?

FMC Corporation scores weak on the Cluenex quality check (1.8 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health weak.

Are insiders buying FMC?

In the last 90 days of SEC Form 4 filings: 1 sold $16K outside pre-planned sales.

When does FMC report earnings?

Oct 29, 2026, after the close.

For members

See FMC today

  • Today's verdict on FMC, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “FMC Corporation (FMC)”, https://cluenex.com/stocks/fmc/, data as of Oct 10, 2026.