Fresenius Medical Care AG & Co. KGaA

FMS Healthcare Medical Care Facilities

Fresenius Medical Care AG & Co. KGaA’s revenue for fiscal 2025 (year ended December 2025) was $22.2 billion, up 6.13% from fiscal 2024.

Revenue
−0.49%
EPS
−10.6%
Free cash flow
−3.47%
Total debt
+8.09%

Quarter to September 2026, against a year earlier

23.66 0.47 +2.03%
Market cap
$12.6B
P/E
12.6×
Fwd P/E
14.4×
Dividend yield
3.68%
F-score
8/9
Altman Z
1.88
Beneish M
−2.77
Dividend safety
42/100

Fresenius Medical Care AG & Co. KGaA (FMS) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Fresenius Medical Care AG & Co. KGaA (FMS) trades at a EV/EBITDA of 5.1×. Over the past ten years it has ranged from 4.2× (October 2022) to 12.2× (January 2018); the current reading is higher than 8% of that period. That is below the Medical Care Facilities industry median of 11.9× and below the Healthcare sector median of 8.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 5.3× (2.63%)
FY2024 5.4× (5.05%)
FY2023 5.7× 17.59%
FY2022 4.8× (27.31%)
FY2021 6.7× (3.35%)
FY2020 6.9× (4.80%)
FY2019 7.2× 22.67%
FY2018 5.9× (47.53%)
FY2017 11.3× 13.93%
FY2016 9.9× (10.44%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 4.9× (0.89%)
Jun 2026 4.9× (0.96%)
Mar 2026 5.0× (5.26%)
Dec 2025 5.3× (14.09%)
43 more quarters

Against its own ten years

Low 4.2× High 12.2×
Ten-year median 6.9×
Current reading's percentile 8

EV/EBITDA against peers

Company EV/EBITDA
THC Tenet Healthcare Corporation compare 4.7×
FMS Fresenius Medical Care AG & Co. KGaA 5.1×
UHS Universal Health Services, Inc. compare 6.4×
DVA DaVita Inc. compare 8.0×
EHC Encompass Health Corporation compare 10.7×
CON Concentra Group Holdings Parent, Inc. compare 14.0×
PACS PACS Group, Inc. compare 16.2×
CHE Chemed Corporation compare 16.3×
ENSG The Ensign Group, Inc. compare 16.4×
Medical Care Facilities industry median 11.9×
Healthcare sector median 8.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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