Cash Flow Statement
Growth Metrics

Fresenius Medical Care AG (FMCQF) FCF Payout Ratio (2009 - 2025)

Fresenius Medical Care AG (FMCQF) posted FCF Payout Ratio of 0.6 for Q4 2025, up 253.22% on a QoQ basis from 0.39 in Q2 2025, and down 9.24% year-over-year from 0.66 in Q4 2024.

Fresenius Medical Care AG (FMCQF) has 17 years of FCF Payout Ratio data on file, last reported at 0.6 in Q4 2025.

  • In Q4 2025, FCF Payout Ratio fell 9.24% year-over-year to 0.6; the TTM figure through Dec 2025 stood at 0.13 (up 18.24% YoY), while the FY2025 annual figure was 0.12, up 3.8% from the prior year.
  • FCF Payout Ratio improved to 0.6 in Q4 2025, from 0.39 in the prior quarter.
  • Across five years, FCF Payout Ratio topped out at 0.99 in Q4 2022 and bottomed at 0.49 in Q2 2024.
  • A 5-year average of 0.06 and a median of 0.21 in 2023 frame the typical range for FCF Payout Ratio.
  • Annual changes were most pronounced in 2021 — FCF Payout Ratio sank 357.28% — and 2023, when it jumped 41.03%.
  • Year by year, FCF Payout Ratio stood at 0.84 in 2021, then advanced by 17.88% to 0.99 in 2022, then slumped by 30.45% to 0.69 in 2023, then dropped by 4.42% to 0.66 in 2024, then slipped by 9.24% to 0.6 in 2025.
  • The last three FCF Payout Ratio figures came in at 0.6 (Q4 2025), 0.39 (Q2 2025), and 0.21 (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 0.21
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 0.13
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 0.39
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 0.38
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 0.04
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 0.04
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 0.60
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 0.11
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 0.00
10 Fresenius Medical Care AG - - 22,843.10 Bn 0.60

Historic Data

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DateValue
Dec 31, 2025 0.60
Jun 30, 2025 -0.39
Mar 31, 2025 -0.21
Dec 31, 2024 0.66
Jun 30, 2024 -0.49
Mar 31, 2024 -0.22
Dec 31, 2023 0.69
Jun 30, 2023 -0.21
Mar 31, 2023 -0.29
Dec 31, 2022 0.99
Jun 30, 2022 -0.36
Mar 31, 2022 -0.21
Dec 31, 2021 0.84
Jun 30, 2021 -0.29
Mar 31, 2021 -0.18
Dec 31, 2020 0.79
Sep 30, 2020 -0.13
Jun 30, 2020 -0.06
Mar 31, 2020 -0.07
Dec 31, 2019 0.64
Jun 30, 2019 -0.26
Mar 31, 2019 -0.20
Dec 31, 2018 0.64
Sep 30, 2018 -0.33
Jun 30, 2018 0.30
Mar 31, 2018 -0.19
Dec 31, 2017 -1.88
Jun 30, 2017 -0.27
Mar 31, 2017 -0.22
Jun 30, 2016 -0.22
Mar 31, 2016 -0.15
Dec 31, 2015 -0.10
Sep 30, 2015 -0.10
Mar 31, 2015 -0.30
Dec 31, 2014 -0.05
Sep 30, 2014 0.23
Jun 30, 2014 -0.07
Mar 31, 2014 -0.17
Dec 31, 2013 0.03
Sep 30, 2013 -0.06
Jun 30, 2013 -0.06
Mar 31, 2013 -0.16
Dec 31, 2012 0.32
Sep 30, 2012 -0.07
Jun 30, 2012 -0.08
Mar 31, 2012 -0.05
Dec 31, 2011 -0.75
Sep 30, 2011 -0.05
Jun 30, 2011 -0.08
Mar 31, 2011 -0.09
Dec 31, 2010 1,844.64
Sep 30, 2010 -74.26
Jun 30, 2010 -0.08
Mar 31, 2010 -0.07
Dec 31, 2009 814.90
Jun 30, 2009 0.00
Mar 31, 2009 0.00