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| Date | Value |
|---|---|
| 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 |