Cash Flow Statement
Growth Metrics

Fresenius Medical Care AG (FMS) Cash from Operations (2009 - 2025)

Fresenius Medical Care AG (FMS) posted Cash from Operations of 1166371601.73 for Q4 2025, up 34.59% on a QoQ basis from 866635736.94 in Q3 2025, and up 31.19% year-over-year from 889071372.94 in Q4 2024.

Fresenius Medical Care AG (FMS) has 17 years of Cash from Operations data on file, last reported at 1166371601.73 in Q4 2025.

  • In Q4 2025, Cash from Operations rose 31.19% year-over-year to 1166371601.73; the TTM figure through Dec 2025 stood at 3081733260.5 (up 19.23% YoY), while the FY2025 annual figure was 3120800662.91, up 22.4% from the prior year.
  • Cash from Operations grew to 1166371601.73 in Q4 2025, from 866635736.94 in the prior quarter.
  • Across five years, Cash from Operations topped out at 1166371601.73 in Q4 2025 and bottomed at 137967944.42 in Q1 2024.
  • A 5-year average of 685676071.45 and a median of 787480183.71 in 2022 frame the typical range for Cash from Operations.
  • Annual changes were most pronounced in 2021 — Cash from Operations slumped 61.15% — and 2025, when it surged 84.31%.
  • Year by year, Cash from Operations stood at 765316566.31 in 2021, then retreated by 20.01% to 612148419.18 in 2022, then grew by 26.37% to 773600794.56 in 2023, then rose by 14.93% to 889071372.94 in 2024, then surged by 31.19% to 1166371601.73 in 2025.
  • The last three Cash from Operations figures came in at 1166371601.73 (Q4 2025), 866635736.94 (Q3 2025), and 877268758.19 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 2.01 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 1.64 Bn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 320.83 Mn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 313.10 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 100.15 Mn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 401.63 Mn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 1.17 Bn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 88.22 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 236.34 Mn
10 Option Care Health 3.27 Bn 3.09 Bn 262.01 Mn -12.11 Mn

Historic Data

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DateValue
Dec 31, 2025 1.17 Bn
Dec 31, 2025 1.17 Bn
Sep 30, 2025 866.64 Mn
Sep 30, 2025 866.64 Mn
Jun 30, 2025 877.27 Mn
Jun 30, 2025 877.27 Mn
Mar 31, 2025 171.46 Mn
Mar 31, 2025 171.46 Mn
Dec 31, 2024 889.07 Mn
Dec 31, 2024 889.07 Mn
Sep 30, 2024 1.08 Bn
Sep 30, 2024 1.08 Bn
Jun 30, 2024 475.98 Mn
Jun 30, 2024 475.98 Mn
Mar 31, 2024 137.97 Mn
Mar 31, 2024 137.97 Mn
Dec 31, 2023 773.60 Mn
Dec 31, 2023 773.60 Mn
Sep 30, 2023 827.33 Mn
Sep 30, 2023 827.33 Mn
Jun 30, 2023 1.10 Bn
Jun 30, 2023 1.10 Bn
Mar 31, 2023 153.49 Mn
Mar 31, 2023 153.49 Mn
Dec 31, 2022 612.15 Mn
Dec 31, 2022 612.15 Mn
Sep 30, 2022 663.44 Mn
Sep 30, 2022 663.44 Mn
Jun 30, 2022 801.36 Mn
Jun 30, 2022 801.36 Mn
Mar 31, 2022 178.11 Mn
Mar 31, 2022 178.11 Mn
Dec 31, 2021 765.32 Mn
Dec 31, 2021 765.32 Mn
Sep 30, 2021 816.07 Mn
Sep 30, 2021 816.07 Mn
Jun 30, 2021 1.11 Bn
Jun 30, 2021 1.11 Bn
Mar 31, 2021 250.47 Mn
Mar 31, 2021 250.47 Mn
Dec 31, 2020 696.30 Mn
Dec 31, 2020 696.30 Mn
Sep 30, 2020 871.39 Mn
Sep 30, 2020 871.39 Mn
Jun 30, 2020 2.55 Bn
Jun 30, 2020 2.55 Bn
Mar 31, 2020 644.77 Mn
Mar 31, 2020 644.77 Mn
Dec 31, 2019 853.41 Mn
Dec 31, 2019 853.41 Mn
Sep 30, 2019 965.85 Mn
Sep 30, 2019 965.85 Mn
Jun 30, 2019 957.12 Mn
Jun 30, 2019 957.12 Mn
Mar 31, 2019 86.38 Mn
Mar 31, 2019 86.38 Mn
Dec 31, 2018 796.69 Mn
Dec 31, 2018 796.69 Mn
Sep 30, 2018 876.30 Mn
Sep 30, 2018 876.30 Mn
Jun 30, 2018 782.90 Mn
Jun 30, 2018 782.90 Mn
Mar 31, 2018 -55.05 Mn
Mar 31, 2018 -55.05 Mn
Dec 31, 2017 621.68 Mn
Dec 31, 2017 621.68 Mn
Sep 30, 2017 719.14 Mn
Sep 30, 2017 719.14 Mn
Jun 30, 2017 970.90 Mn
Jun 30, 2017 970.90 Mn
Mar 31, 2017 180,688.75
Mar 31, 2017 180,688.75
Dec 31, 2016 844.00 Mn
Dec 31, 2016 844.00 Mn
Sep 30, 2016 438.66 Mn
Sep 30, 2016 438.66 Mn
Jun 30, 2016 682.44 Mn
Jun 30, 2016 682.44 Mn
Mar 31, 2016 179.80 Mn
Mar 31, 2016 179.80 Mn
Dec 31, 2015 548.00 Mn
Dec 31, 2015 548.00 Mn
Sep 30, 2015 579.27 Mn
Sep 30, 2015 579.27 Mn
Mar 31, 2015 832.45 Mn
Mar 31, 2015 832.45 Mn
Dec 31, 2014 588.00 Mn
Dec 31, 2014 588.00 Mn
Sep 30, 2014 712.21 Mn
Sep 30, 2014 712.21 Mn
Jun 30, 2014 449.31 Mn
Jun 30, 2014 449.31 Mn
Mar 31, 2014 112.29 Mn
Mar 31, 2014 112.29 Mn
Dec 31, 2013 589.00 Mn
Dec 31, 2013 589.00 Mn
Sep 30, 2013 605.48 Mn
Sep 30, 2013 605.48 Mn
Jun 30, 2013 525.12 Mn
Jun 30, 2013 525.12 Mn
Mar 31, 2013 315.42 Mn
Mar 31, 2013 315.42 Mn
Dec 31, 2012 572.00 Mn
Dec 31, 2012 572.00 Mn
Sep 30, 2012 535.41 Mn
Sep 30, 2012 535.41 Mn
Jun 30, 2012 450.78 Mn
Jun 30, 2012 450.78 Mn
Mar 31, 2012 481.18 Mn
Mar 31, 2012 481.18 Mn
Dec 31, 2011 496.78 Mn
Dec 31, 2011 496.78 Mn
Sep 30, 2011 463.14 Mn
Sep 30, 2011 463.14 Mn
Jun 30, 2011 311.24 Mn
Jun 30, 2011 311.24 Mn
Mar 31, 2011 175.32 Mn
Mar 31, 2011 175.32 Mn
Dec 31, 2010 340,991.00
Dec 31, 2010 340,991.00
Sep 30, 2010 383,671.00
Sep 30, 2010 383,671.00
Jun 30, 2010 643.46 Mn
Jun 30, 2010 643.46 Mn
Mar 31, 2010 349.00
Mar 31, 2010 349.00
Dec 31, 2009 458,132.00
Dec 31, 2009 458,132.00
Sep 30, 2009 443,168.00
Sep 30, 2009 443,168.00
Jun 30, 2009 281.00 Mn
Jun 30, 2009 281.00 Mn
Mar 31, 2009 156.00 Mn
Mar 31, 2009 156.00 Mn