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

23.21 0.45 −1.90%
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) Operating margin

Alert me on Operating margin

Fresenius Medical Care AG & Co. KGaA's operating margin over the twelve months to 30 September 2026 was 8.82%, down 0.5 percentage points from fiscal 2025 (9.31%). Over the past ten years it has ranged from 7.04% (fiscal 2023) to 18.4% (fiscal 2018); the current reading is higher than 36% of that period. That is above the Medical Care Facilities industry median of 5.97% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 9.31% 2.11
FY2024 7.20% 0.16
FY2023 7.04% (0.75)
FY2022 7.79% (2.72)
FY2021 10.5% (2.39)
FY2020 12.9% (0.09)
FY2019 13.0% (5.37)
FY2018 18.4% 5.08
FY2017 13.3% (1.45)
FY2016 14.7% 0.83

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.78% (1.80)
Jun 2026 9.58% 3.37
Mar 2026 6.21% (5.26)
Dec 2025 11.5% 1.72
43 more quarters

Against its own ten years

Low 7.04% High 18.4%
Ten-year median 12.9%
Current reading's percentile 33

Operating margin against peers

Company Operating margin
THC Tenet Healthcare Corporation compare 28.1%
EHC Encompass Health Corporation compare 18.3%
CON Concentra Group Holdings Parent, Inc. compare 16.9%
DVA DaVita Inc. compare 15.0%
CHE Chemed Corporation compare 13.9%
UHS Universal Health Services, Inc. compare 10.9%
ENSG The Ensign Group, Inc. compare 8.97%
FMS Fresenius Medical Care AG & Co. KGaA 8.82%
PACS PACS Group, Inc. compare 7.43%
Medical Care Facilities industry median 5.97%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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