Fresenius Medical Care AG (FMS) Change in Inventory (2023 - 2025)
Fresenius Medical Care AG (FMS) posted Change in Inventory of -$68.7 million for Q4 2025, down 279.2% on a QoQ basis from -$18.1 million in Q2 2025, and down 166.95% year-over-year from $102.6 million in Q4 2024.
Fresenius Medical Care AG (FMS) has 3 years of Change in Inventory data on file, last reported at -$68.7 million in Q4 2025.
- In Q4 2025, Change in Inventory fell 166.95% year-over-year to -$68.7 million; the TTM figure through Dec 2025 stood at -$58.9 million (down 150.52% YoY), while the FY2025 annual figure was -$289.8 million, down 351.15% from the prior year.
- Change in Inventory declined to -$68.7 million in Q4 2025, from -$18.1 million in the prior quarter.
- Across five years, Change in Inventory topped out at $102.6 million in Q4 2024 and bottomed at -$94.5 million in Q1 2023.
- A 3-year average of -$5.3 million and a median of -$18.1 million in 2025 frame the typical range for Change in Inventory.
- Annual changes were most pronounced in 2024 — Change in Inventory surged 127.01% — and 2025, when it plunged 166.95%.
- Year by year, Change in Inventory stood at $45.2 million in 2023, then soared by 127.01% to $102.6 million in 2024, then slumped by 166.95% to -$68.7 million in 2025.
- The last three Change in Inventory figures came in at -$68.7 million (Q4 2025), -$18.1 million (Q2 2025), and -$74.7 million (Q1 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Inventory (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 | -20.28 Mn |
| 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 | -68.68 Mn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | -335,000.00 |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | - |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | -55.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -68.68 Mn |
| Dec 31, 2025 | -68.68 Mn |
| Jun 30, 2025 | -18.11 Mn |
| Jun 30, 2025 | -18.11 Mn |
| Mar 31, 2025 | -74.68 Mn |
| Mar 31, 2025 | -74.68 Mn |
| Dec 31, 2024 | 102.59 Mn |
| Dec 31, 2024 | 102.59 Mn |
| Sep 30, 2024 | 74.68 Mn |
| Sep 30, 2024 | 74.68 Mn |
| Jun 30, 2024 | -16.15 Mn |
| Jun 30, 2024 | -16.15 Mn |
| Mar 31, 2024 | -44.54 Mn |
| Mar 31, 2024 | -44.54 Mn |
| Dec 31, 2023 | 45.19 Mn |
| Dec 31, 2023 | 45.19 Mn |
| Sep 30, 2023 | 59.87 Mn |
| Sep 30, 2023 | 59.87 Mn |
| Jun 30, 2023 | -23.96 Mn |
| Jun 30, 2023 | -23.96 Mn |
| Mar 31, 2023 | -94.45 Mn |
| Mar 31, 2023 | -94.45 Mn |