Fresenius Medical Care AG (FMCQF) Research & Development (2009 - 2025)

Fresenius Medical Care AG (FMCQF) posted quarterly Research & Development of $45.4 million for Q4 2025, down 15.03% year-over-year from $53.4 million in Q4 2024, and up 2.87% on a QoQ basis from $44.1 million in Q3 2025.

Fresenius Medical Care AG (FMCQF) Research & Development (2009 - 2025) Analysis & Trends

Fresenius Medical Care AG (FMCQF) has reported Research & Development for 17 consecutive years, with $45.4 million the latest figure, recorded in Q4 2025.

  • In Q4 2025, Research & Development fell 15.03% year-over-year to $45.4 million; the TTM figure through Dec 2025 stood at $177.9 million (down 10.34% YoY), while the FY2025 annual figure was $183.9 million, down 5.95% from the prior year.
  • Research & Development came in at $45.4 million for Q4 2025 at Fresenius Medical Care AG, up from $44.1 million in the prior quarter.
  • The five-year high for Research & Development was $77.8 million in Q4 2021, with the low at $43.1 million in Q2 2025.
  • Average Research & Development over 5 years is $56.4 million, with a median of $58.2 million recorded in 2021.
  • Across the five-year window, Research & Development climbed 25.47% in 2021 and retreated 24.76% in 2024, its largest moves.
  • Year by year, Research & Development stood at $77.8 million in 2021, then retreated by 18.68% to $63.3 million in 2022, then rose by 12.26% to $71.0 million in 2023, then fell by 24.76% to $53.4 million in 2024, then slipped by 15.03% to $45.4 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods registered $45.4 million, $44.1 million, and $43.1 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn -
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn -
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn -
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn -
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn -
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn -
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn -
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn -
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -
10 Fresenius Medical Care AG - - 19.45 Bn 45.40 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 45.40 Mn
Sep 30, 2025 44.13 Mn
Jun 30, 2025 43.15 Mn
Mar 31, 2025 45.74 Mn
Dec 31, 2024 53.43 Mn
Sep 30, 2024 43.98 Mn
Jun 30, 2024 49.54 Mn
Mar 31, 2024 51.93 Mn
Dec 31, 2023 71.01 Mn
Sep 30, 2023 57.70 Mn
Jun 30, 2023 62.07 Mn
Mar 31, 2023 60.11 Mn
Dec 31, 2022 63.26 Mn
Sep 30, 2022 61.99 Mn
Jun 30, 2022 58.69 Mn
Mar 31, 2022 55.75 Mn
Dec 31, 2021 77.79 Mn
Sep 30, 2021 61.32 Mn
Jun 30, 2021 62.62 Mn
Mar 31, 2021 59.11 Mn