Cash Flow Statement
Growth Metrics

Fresenius Medical Care AG (FMS) Cash from Investing Activities (2010 - 2025)

Fresenius Medical Care AG (FMS) posted Cash from Investing Activities of -$486.8 million for Q4 2025, down 671.11% on a QoQ basis from -$63.1 million in Q3 2025, and down 282.22% year-over-year from $267.2 million in Q4 2024.

Fresenius Medical Care AG (FMS) has 16 years of Cash from Investing Activities data on file, last reported at -$486.8 million in Q4 2025.

  • In Q4 2025, Cash from Investing Activities fell 282.22% year-over-year to -$486.8 million; the TTM figure through Dec 2025 stood at -$824.6 million (down 760.6% YoY), while the FY2025 annual figure was -$841.1 million, down 826.63% from the prior year.
  • Cash from Investing Activities declined to -$486.8 million in Q4 2025, from -$63.1 million in the prior quarter.
  • Across five years, Cash from Investing Activities topped out at $347.4 million in Q2 2024 and bottomed at -$486.8 million in Q4 2025.
  • A 5-year average of -$184.8 million and a median of -$169.9 million in 2023 frame the typical range for Cash from Investing Activities.
  • Annual changes were most pronounced in 2024 — Cash from Investing Activities soared 339.22% — and 2025, when it slumped 282.22%.
  • Year by year, Cash from Investing Activities stood at -$483.7 million in 2021, then jumped by 52.55% to -$229.5 million in 2022, then jumped by 54.76% to -$103.8 million in 2023, then dropped by 22.67% to -$127.4 million in 2024, then slumped by 282.22% to -$486.8 million in 2025.
  • The last three Cash from Investing Activities figures came in at -$486.8 million (Q4 2025), -$63.1 million (Q3 2025), and -$160.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Investing Activities (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn -1.28 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn -317.00 Mn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn -139.09 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn -150.10 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn -71.19 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn -197.58 Mn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn -486.84 Mn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn -37.79 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn -126.96 Mn
10 Option Care Health 3.27 Bn 3.09 Bn 262.01 Mn -9.32 Mn

Historic Data

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DateValue
Dec 31, 2025 -486.84 Mn
Dec 31, 2025 -486.84 Mn
Sep 30, 2025 -63.13 Mn
Sep 30, 2025 -63.13 Mn
Jun 30, 2025 -160.80 Mn
Jun 30, 2025 -160.80 Mn
Mar 31, 2025 -113.86 Mn
Mar 31, 2025 -113.86 Mn
Dec 31, 2024 -127.37 Mn
Dec 31, 2024 -127.37 Mn
Sep 30, 2024 -241.53 Mn
Sep 30, 2024 -241.53 Mn
Jun 30, 2024 347.35 Mn
Jun 30, 2024 347.35 Mn
Mar 31, 2024 -74.27 Mn
Mar 31, 2024 -74.27 Mn
Dec 31, 2023 -103.83 Mn
Dec 31, 2023 -103.83 Mn
Sep 30, 2023 -164.49 Mn
Sep 30, 2023 -164.49 Mn
Jun 30, 2023 -145.20 Mn
Jun 30, 2023 -145.20 Mn
Mar 31, 2023 -175.25 Mn
Mar 31, 2023 -175.25 Mn
Dec 31, 2022 -229.50 Mn
Dec 31, 2022 -229.50 Mn
Sep 30, 2022 -101.63 Mn
Sep 30, 2022 -101.63 Mn
Jun 30, 2022 -210.93 Mn
Jun 30, 2022 -210.93 Mn
Mar 31, 2022 -237.17 Mn
Mar 31, 2022 -237.17 Mn
Dec 31, 2021 -483.66 Mn
Dec 31, 2021 -483.66 Mn
Sep 30, 2021 -354.09 Mn
Sep 30, 2021 -354.09 Mn
Jun 30, 2021 -300.01 Mn
Jun 30, 2021 -300.01 Mn
Mar 31, 2021 -270.26 Mn
Mar 31, 2021 -270.26 Mn
Dec 31, 2020 -541.71 Mn
Dec 31, 2020 -541.71 Mn
Sep 30, 2020 -336.02 Mn
Sep 30, 2020 -336.02 Mn
Jun 30, 2020 -309.06 Mn
Jun 30, 2020 -309.06 Mn
Mar 31, 2020 -344.80 Mn
Mar 31, 2020 -344.80 Mn
Dec 31, 2019 -598.60 Mn
Dec 31, 2019 -598.60 Mn
Sep 30, 2019 -392.67 Mn
Sep 30, 2019 -392.67 Mn
Jun 30, 2019 -422.33 Mn
Jun 30, 2019 -422.33 Mn
Mar 31, 2019 -2.29 Bn
Mar 31, 2019 -2.29 Bn
Dec 31, 2018 -458.38 Mn
Dec 31, 2018 -458.38 Mn
Sep 30, 2018 -831.50 Mn
Sep 30, 2018 -831.50 Mn
Jun 30, 2018 1.52 Bn
Jun 30, 2018 1.52 Bn
Mar 31, 2018 -490.97 Mn
Mar 31, 2018 -490.97 Mn
Dec 31, 2017 23.04 Mn
Dec 31, 2017 23.04 Mn
Sep 30, 2017 -330.45 Mn
Sep 30, 2017 -330.45 Mn
Jun 30, 2017 -802.16 Mn
Jun 30, 2017 -802.16 Mn
Mar 31, 2017 -378,198.14
Mar 31, 2017 -378,198.14
Dec 31, 2016 -447.90 Mn
Dec 31, 2016 -447.90 Mn
Sep 30, 2016 -272.37 Mn
Sep 30, 2016 -272.37 Mn
Jun 30, 2016 -317.92 Mn
Jun 30, 2016 -317.92 Mn
Mar 31, 2016 -337.10 Mn
Mar 31, 2016 -337.10 Mn
Dec 31, 2015 -241.32 Mn
Dec 31, 2015 -241.32 Mn
Sep 30, 2015 -281.77 Mn
Sep 30, 2015 -281.77 Mn
Mar 31, 2015 -477.60 Mn
Mar 31, 2015 -477.60 Mn
Dec 31, 2014 -1.01 Bn
Dec 31, 2014 -1.01 Bn
Sep 30, 2014 -837.43 Mn
Sep 30, 2014 -837.43 Mn
Jun 30, 2014 -514.43 Mn
Jun 30, 2014 -514.43 Mn
Mar 31, 2014 -331.93 Mn
Mar 31, 2014 -331.93 Mn
Dec 31, 2013 -432.18 Mn
Dec 31, 2013 -432.18 Mn
Sep 30, 2013 -370.53 Mn
Sep 30, 2013 -370.53 Mn
Jun 30, 2013 -185.62 Mn
Jun 30, 2013 -185.62 Mn
Mar 31, 2013 -217.21 Mn
Mar 31, 2013 -217.21 Mn
Dec 31, 2012 -285.49 Mn
Dec 31, 2012 -285.49 Mn
Sep 30, 2012 -202.02 Mn
Sep 30, 2012 -202.02 Mn
Jun 30, 2012 -145.08 Mn
Jun 30, 2012 -145.08 Mn
Mar 31, 2012 -1.65 Bn
Mar 31, 2012 -1.65 Bn
Dec 31, 2011 -794.47 Mn
Dec 31, 2011 -794.47 Mn
Sep 30, 2011 -198.65 Mn
Sep 30, 2011 -198.65 Mn
Jun 30, 2011 -900.80 Mn
Jun 30, 2011 -900.80 Mn
Mar 31, 2011 -451.95 Mn
Mar 31, 2011 -451.95 Mn
Dec 31, 2010 -416.00 Mn
Dec 31, 2010 -416.00 Mn
Sep 30, 2010 -207.59 Mn
Sep 30, 2010 -207.59 Mn