Fresenius Medical Care AG (FMCQF) Research & Development (2009 - 2025)
Fresenius Medical Care AG (FMCQF) posted Research & Development of $45.4 million for Q4 2025, up 2.87% on a QoQ basis from $44.1 million in Q3 2025, and down 15.03% year-over-year from $53.4 million in Q4 2024.
Fresenius Medical Care AG (FMCQF) has 17 years of Research & Development data on file, last reported at $45.4 million 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 $178.3 million (down 10.25% YoY), while the FY2025 annual figure was $183.9 million, down 5.95% from the prior year.
- Research & Development rose to $45.4 million in Q4 2025, from $44.1 million in the prior quarter.
- Across five years, Research & Development topped out at $77.8 million in Q4 2021 and bottomed at $43.0 million in Q2 2025.
- A 5-year average of $56.4 million and a median of $58.2 million in 2021 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2021 — Research & Development grew 25.47% — and 2024, when it decreased 24.76%.
- Year by year, Research & Development stood at $77.8 million in 2021, then dropped by 18.68% to $63.3 million in 2022, then climbed by 12.26% to $71.0 million in 2023, then slipped by 24.76% to $53.4 million in 2024, then fell by 15.03% to $45.4 million in 2025.
- The last three Research & Development figures came in at $45.4 million (Q4 2025), $44.1 million (Q3 2025), and $43.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | - |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | - |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | - |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | - |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | - |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | - |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 45.40 Mn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | - |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | - |
| 10 | Fresenius Medical Care AG | - | - | 22,843.10 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 | 43.01 Mn |
| Mar 31, 2025 | 45.74 Mn |
| Dec 31, 2024 | 53.43 Mn |
| Sep 30, 2024 | 43.98 Mn |
| Jun 30, 2024 | 49.09 Mn |
| Mar 31, 2024 | 52.15 Mn |
| Dec 31, 2023 | 71.01 Mn |
| Sep 30, 2023 | 57.70 Mn |
| Jun 30, 2023 | 62.27 Mn |
| Mar 31, 2023 | 59.85 Mn |
| Dec 31, 2022 | 63.26 Mn |
| Sep 30, 2022 | 61.99 Mn |
| Jun 30, 2022 | 59.13 Mn |
| Mar 31, 2022 | 55.75 Mn |
| Dec 31, 2021 | 77.79 Mn |
| Sep 30, 2021 | 61.75 Mn |
| Jun 30, 2021 | 62.62 Mn |
| Mar 31, 2021 | 58.68 Mn |
| Dec 31, 2020 | 62.00 Mn |
| Sep 30, 2020 | 52.47 Mn |
| Jun 30, 2020 | 55.63 Mn |
| Mar 31, 2020 | 50.78 Mn |
| Dec 31, 2019 | 54.24 Mn |
| Sep 30, 2019 | 46.95 Mn |
| Jun 30, 2019 | 53.93 Mn |
| Mar 31, 2019 | 32.96 Mn |
| Dec 31, 2018 | 38.81 Mn |
| Sep 30, 2018 | 29.94 Mn |
| Jun 30, 2018 | 44.93 Mn |
| Mar 31, 2018 | 39.19 Mn |
| Dec 31, 2017 | 42.39 Mn |
| Sep 30, 2017 | 32.90 Mn |
| Jun 30, 2017 | 38.59 Mn |
| Mar 31, 2017 | 34.24 Mn |
| Dec 31, 2016 | 42.00 Mn |
| Sep 30, 2016 | 43.90 Mn |
| Jun 30, 2016 | 38.76 Mn |
| Mar 31, 2016 | 37.47 Mn |
| Dec 31, 2015 | 40.00 Mn |
| Sep 30, 2015 | 100.36 Mn |
| Jun 30, 2015 | 34.48 Mn |
| Mar 31, 2015 | 30.94 Mn |
| Dec 31, 2014 | 31.00 Mn |
| Sep 30, 2014 | 30.00 Mn |
| Jun 30, 2014 | 60.73 Mn |
| Mar 31, 2014 | 30.03 Mn |
| Dec 31, 2013 | 31.00 Mn |
| Sep 30, 2013 | 33.21 Mn |
| Jun 30, 2013 | 54.99 Mn |
| Mar 31, 2013 | 30.37 Mn |
| Dec 31, 2012 | 28.00 Mn |
| Sep 30, 2012 | 27.87 Mn |
| Jun 30, 2012 | 26.94 Mn |
| Mar 31, 2012 | 28.52 Mn |
| Dec 31, 2011 | 30.29 Mn |
| Sep 30, 2011 | 27.61 Mn |
| Jun 30, 2011 | 26.78 Mn |
| Mar 31, 2011 | 26.15 Mn |
| Dec 31, 2010 | 29.28 Mn |
| Sep 30, 2010 | 22.79 Mn |
| Jun 30, 2010 | 21.37 Mn |
| Mar 31, 2010 | 23.09 Mn |
| Dec 31, 2009 | 29.30 Mn |
| Sep 30, 2009 | 22.66 Mn |
| Jun 30, 2009 | 18.96 Mn |
| Mar 31, 2009 | 22.90 Mn |