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

23.26 0.40 −1.69%
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) Gross margin

Alert me on Gross margin

Fresenius Medical Care AG & Co. KGaA's gross margin over the twelve months to 30 September 2026 was 26.4%, up 0.8 percentage points from fiscal 2025 (25.6%). Over the past ten years it has ranged from 24.6% (fiscal 2024) to 33.8% (fiscal 2017); the current reading is higher than 27% of that period. That is below the Medical Care Facilities industry median of 30.8% and below the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 25.6% 1.02
FY2024 24.6% (0.72)
FY2023 25.3% (2.06)
FY2022 27.4% (1.44)
FY2021 28.8% (2.19)
FY2020 31.0% 0.14
FY2019 30.9% (0.28)
FY2018 31.2% (2.61)
FY2017 33.8% 1.49
FY2016 32.3% 0.42

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 25.8% (1.12)
Jun 2026 27.0% 1.38
Mar 2026 25.6% (1.68)
Dec 2025 27.3% 1.82
43 more quarters

Against its own ten years

Low 24.6% High 33.8%
Ten-year median 30.9%
Current reading's percentile 33

Gross margin against peers

Company Gross margin
EHC Encompass Health Corporation compare 100.0%
UHS Universal Health Services, Inc. compare 90.7%
THC Tenet Healthcare Corporation compare 46.2%
CHE Chemed Corporation compare 33.5%
DVA DaVita Inc. compare 32.3%
CON Concentra Group Holdings Parent, Inc. compare 29.9%
FMS Fresenius Medical Care AG & Co. KGaA 26.4%
PACS PACS Group, Inc. compare 17.1%
ENSG The Ensign Group, Inc. compare 16.6%
Medical Care Facilities industry median 30.8%
Healthcare sector median 53.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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