RDNT vs FMS vs SGRY Stock Comparison

RadNet, Fresenius Medical Care AG and Surgery Partners Prices as of Oct 27, 2026 Peers: Industry group
RDNT RadNet, Inc.
$73.54 +3.9% 1M -9.9% 1Y
Market cap
$5.79B
P/E
–
Revenue (TTM)
$2.27B
Div. yield
–
Healthcare Services Healthcare
3 wins
FMS Fresenius Medical Care AG
$22.50 -0.8% 1M -17.3% 1Y
Market cap
$13.12B
P/E
12.0x
Revenue (TTM)
$11.07B
Div. yield
–
Healthcare Services Healthcare
4 wins
SGRY Surgery Partners, Inc.
$23.36 +62.2% 1M +2.0% 1Y
Market cap
$3.00B
P/E
–
Revenue (TTM)
$3.37B
Div. yield
–
Healthcare Services Healthcare
3 wins

Head to Head

10 decided of 12

Fresenius Medical Care AG leads on 4 of the 12 questions below (Fresenius Medical Care AG 4, RadNet 3, Surgery Partners 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionRDNTFMSSGRYLeader
Larger companyMarket capitalisation $5.79B $13.12B $3.00B FMS
Cheaper on earningsLower P/E, profitable companies only -274.1x 12.0x -33.9x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 138.8x 9.5x 58.4x FMS
Faster revenue growthRevenue growth, trailing twelve months +18.9% -47.8% +4.0% RDNT
More profitableNet margin, trailing twelve months -0.9% 9.9% -2.6% FMS
Better return on capitalReturn on invested capital 1.5% 0.2% 5.3% SGRY
Less leveragedLower net debt / EBITDA 2.5x 200.7x 6.3x RDNT
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -9.9% -17.3% +2.0% SGRY
Better 5-year returnAnnualised price return, 5 years +18.9%/yr -8.3%/yr -10.6%/yr RDNT
Less volatileAnnualised volatility, 1 year 42.3% 31.1% 66.8% FMS
Higher overall scoreMean of the five percentile scores vs peers 39/100 51/100 56/100 SGRY

Percentile Scorecard

RDNTFMSSGRY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisRDNTFMSSGRY
Valuation 40 #56 of 92 71 #27 of 92 84 #16 of 92
Growth 22 #68 of 87 12 #77 of 87 43 #50 of 87
Profitability 47 #46 of 86 64 #32 of 86 66 #30 of 86
Financial Health 43 #56 of 97 14 #84 of 97 30 #68 of 97
Shareholder Returns 44 #32 of 56 93 #5 of 56 –
Overall 39 51 56
  • RDNT ranked among 102 companies in Healthcare Providers
  • FMS ranked among 102 companies in Healthcare Providers
  • SGRY ranked among 102 companies in Healthcare Providers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodRDNTFMSSGRYSPY
1 month +3.9%-0.8%+62.2% -0.2%
3 months +16.3%-9.1%+49.9% +3.9%
6 months +27.0%0.0%+62.8% +8.2%
Year to date +3.1%-5.5%+51.2% +12.9%
1 year -9.9%-17.3%+2.0% +12.3%
3 years +189.3%+37.2%+4.2% +87.4%
3 years, per year +42.5%+11.1%+1.4% +23.3%
5 years +137.3%-35.2%-42.9% +67.9%
5 years, per year +18.9%-8.3%-10.6% +10.9%
10 years +950.6%-44.4%+40.1% +261.1%
10 years, per year +26.5%-5.7%+3.4% +13.7%

Risk

MeasureRDNTFMSSGRYSPY
Volatility, 1Y 42.3%31.1%66.8% 12.7%
Downside volatility, 1Y 42.4%36.8%65.5% 12.7%
Beta vs S&P 500, 1Y 1.040.190.82 1.00
Return / volatility, 1Y -0.23-0.560.03 0.97
Max drawdown, 5Y -56.2%-63.9%-81.4% -25.4%
From 52-week high -12.9%-17.3%0.0% -1.2%
52-week high $84.48$27.20$23.36 $779.14
52-week low $51.87$20.19$11.49 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleRDNTFMSSGRY
P/E now vs peer median -270.9xmedian 24.6x 12.0xmedian 24.6x -34.0xmedian 24.6x
P/S now vs peer median 2.5xmedian 1.6x 1.1xmedian 1.6x 0.9xmedian 1.6x
EV/EBITDA now vs peer median 26.2xmedian 14.6x 205.4xmedian 14.6x 11.8xmedian 14.6x
P/FCF now vs peer median -16.8xmedian 21.6x 6.0xmedian 21.6x 16.3xmedian 21.6x
P/B now vs peer median 4.1xmedian 3.2x 0.8xmedian 3.2x 1.0xmedian 3.2x
PEG now vs peer median 33.09median 0.66 0.57median 0.66 1.97median 0.66

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsRDNTFMSSGRY
Revenue $2.27B $11.07B $3.37B
Gross profit $261.62M -$5.62B –
Operating income $70.78M $879.32M $383.80M
Net income $80.00K $1.38B $48.10M
Free cash flow -$344.77M $2.08B $187.60M
R&D – $180.01M –
EPS (diluted) $-0.27 $1.79 $-0.69
Cash & equivalents $726.27M $1.21B $216.70M
Total debt $1.33B $572.99B $3.75B
Shares (diluted) 78.73M 612.52M 128.83M
Enterprise value $3.03B $5.08B $2.16B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricRDNTFMSSGRY
P/E -270.9x 12.0x -34.0x
P/FCF -16.8x 6.0x 16.3x
P/Operating cash flow 18.7x 3.8x 11.9x
P/S 2.5x 1.1x 0.9x
P/B 4.1x 0.8x 1.0x
P/Tangible book 5.0x 0.9x 1.0x
EV/EBITDA 26.2x 205.4x 11.8x
EV/EBIT 90.3x 628.2x 17.2x
EV/Revenue 2.8x 49.9x 2.0x
EV/FCF -18.5x 265.6x 35.1x
EV/Operating cash flow 20.6x 167.5x 25.6x
PEG (3Y EPS CAGR) 33.09 0.57 1.97

Growth

14 metrics
MetricRDNTFMSSGRY
Revenue growth (1Y) 18.9% -47.8% 4.0%
Revenue CAGR (3Y) 14.1% -18.6% 8.1%
Gross profit growth (1Y) 17.8% -207.2% –
Gross profit CAGR (3Y) 11.7% -45.2% –
Operating income growth (1Y) 8.5% -45.5% 6.1%
Operating income CAGR (3Y) 5.9% -16.4% 7.1%
Net income growth (1Y) -99.3% 49.8% 136.2%
Net income CAGR (3Y) -74.7% 18.2% 15.6%
EPS growth (1Y) -35.8% 52.0% 51.6%
EPS CAGR (3Y) -8.2% 20.9% -17.2%
Operating cash flow growth (1Y) 18.5% 9.3% -2.2%
Operating cash flow CAGR (3Y) 19.6% 9.3% 16.4%
Free cash flow growth (1Y) -1,140% -7.7% 7.0%
Free cash flow CAGR (3Y) -66.2% 4.8% 36.7%

Profitability

14 metrics
MetricRDNTFMSSGRY
Gross margin 11.5% -50.7% –
EBITDA margin 10.7% 24.3% 16.7%
Operating margin 3.1% 7.9% 11.4%
Pretax margin 1.5% 15.8% 11.4%
Net margin -0.9% 9.9% -2.6%
FCF margin -15.2% 18.8% 5.6%
Operating cash flow margin 13.7% 29.8% 7.7%
Return on equity 1.4% 2.7% 2.6%
Return on assets 0.5% 1.2% 1.0%
Return on invested capital 1.5% 0.2% 5.3%
Return on capital employed 2.1% 3.2% 5.1%
Asset turnover 0.6x 0.3x 0.4x
Cash conversion (OCF / net income) 3,876x 2.4x 5.4x
Stock comp / revenue 2.6% – 0.3%

Financial Health

11 metrics
MetricRDNTFMSSGRY
Debt / assets 31.5% 1,515% 46.6%
Debt / equity 1.0x 35.0x 1.2x
Net debt / EBITDA 2.5x 200.7x 6.3x
Debt / FCF -3.9x 260.4x 20.0x
Liabilities / assets 67.0% 56.8% 61.5%
Equity / assets 33.0% 43.2% 38.5%
Interest coverage 1.0x 2.0x –
Current ratio 1.5x 1.1x 1.9x
Quick ratio 1.4x 0.2x 1.4x
Cash ratio 1.0x 0.2x 0.4x
Altman Z-score 1.87 1.32 0.88

Shareholder Returns

7 metrics
MetricRDNTFMSSGRY
Dividend yield – 3.8% –
Net buyback yield -0.1% 8.6% –
Shareholder yield -0.1% 12.4% –
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusRDNTFMSSGRY
Forward P/E 138.8xFY2026 9.5xFY2026 58.4xFY2026
EPS, next fiscal year $0.53FY2026 $2.37FY2026 $0.40FY2026
EPS growth, next FY +35.9%FY2026 -6.0%FY2026 -14.9%FY2026
EPS growth, the year after +71.7% +7.6% -5.0%
Revenue, next fiscal year $2.68BFY2026 $21.50BFY2026 $3.38BFY2026
Revenue growth, next FY +31.4%FY2026 -7.0%FY2026 +2.2%FY2026
Revenue growth, the year after -1.2% -0.3% -2.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRDNTFMSSGRY
Held by institutions 100.0% 7.3% 100.0%
Institutions holding 328 235 189
Change in shares held, QoQ +6.0% -2.9% -0.8%
Institutions buying 175 151 111
Institutions selling 110 41 50
Buyers to sellers 1.59 3.68 2.22

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

RDNTFMSSGRY
RDNT 1.00 0.08 0.18
FMS 0.08 1.00 0.09
SGRY 0.18 0.09 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, RDNT, FMS and SGRY?

Fresenius Medical Care AG (FMS) is the largest by market capitalisation: RadNet (RDNT) $5.79B, Fresenius Medical Care AG (FMS) $13.12B, Surgery Partners (SGRY) $3.00B.

Which company is growing faster?

RadNet (RDNT) grew revenue fastest over the trailing twelve months: RadNet (RDNT) +18.9%, Fresenius Medical Care AG (FMS) -47.8%, Surgery Partners (SGRY) +4.0%.

Which company is more profitable?

Fresenius Medical Care AG (FMS) has the highest net margin (RadNet (RDNT) -0.9%, Fresenius Medical Care AG (FMS) 9.9%, Surgery Partners (SGRY) -2.6%). On return on invested capital, Surgery Partners (SGRY) leads (RadNet (RDNT) 1.5%, Fresenius Medical Care AG (FMS) 0.2%, Surgery Partners (SGRY) 5.3%).

Which stock has performed better?

Over the past year Surgery Partners (SGRY) returned the most: RadNet (RDNT) -9.9%, Fresenius Medical Care AG (FMS) -17.3%, Surgery Partners (SGRY) +2.0%. Over five years, RadNet (RDNT) compounded fastest (RadNet (RDNT) +18.9%/yr, Fresenius Medical Care AG (FMS) -8.3%/yr, Surgery Partners (SGRY) -10.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Fresenius Medical Care AG (FMS) has been the steadiest (RadNet (RDNT) 42.3%, Fresenius Medical Care AG (FMS) 31.1%, Surgery Partners (SGRY) 66.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RDNT, FMS and SGRY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Fresenius Medical Care AG (FMS) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.